Binance and Crypto.com are top cryptocurrency trading platforms offering crypto investors tools for buying, selling, staking, and holding crypto assets. Although they share some similarities in features, both platforms offer unique features that make them suitable for different types of traders.
In this Binance vs Crypto.com comparison, we cover differences in trading options, features, security, trading fees, user experience, and customer support to help you decide on the best cryptocurrency exchange for your trading needs.
Binance vs Crypto.com: A Glance Comparison
| Feature | Binance | Crypto.com |
| Launch Year | 2017 | 2016 |
| Trading Options | Futures, spot/margin trading, and options trading. | Spots and derivatives trading products. |
| Features | Binance Wallet, trading bots, copy trading, Binance Earn, and launchpool. | Trading bots, institutional services, Onchain, and a Visa Card. |
| Supported Cryptocurrencies and Trading Pairs | 500+ and 1,500+ trading pairs | 400+ and 600+ trading pairs |
| Fees | 0.1% maker/taker fees | 0.25% maker, 0.50% taker |
| Web3 Wallet | Yes, Binance Wallet | Yes, Crypto.com Onchain |
| NFT Marketplace | Yes | Yes |
| Security Features | Binance SAFU, two-factor authentication, and cold wallet storage. | Multi-factor authentication, cold storage, and a $750 million insurance fund. |
| Native Token | Yes, Binance Coin (BNB) | Yes, Cronos (CRO) |
| Global Reach | Available in 180+ countries | Available in 90+ countries |
What is Binance Crypto Exchange?
Binance Exchange is a trading platform that enables crypto traders to buy, sell, and hold cryptocurrencies, as well as access other investment products in one place. The exchange was founded in 2017 by Changpeng Zhao (CZ) and quickly became one of the top options for global traders, serving over 280 million traders in more than 180 countries.
Currently, Binance is the largest cryptocurrency exchange in terms of trading volume, offering traders access to deep liquidity and fast order execution speeds, which results in minimal slippage. Aside from its high liquidity, Binance also offers a range of basic and advanced trading tools suitable for beginners, intermediates, and more experienced crypto investors.
Pros & Cons of Binance
| Pros | Cons |
| Competitive trading fees with discounts for high-volume traders. | Faces legal and regulatory challenges, making it unavailable in some regions, including the US and Canada. |
| As the world’s largest cryptocurrency exchange by volume, it boasts deep liquidity, which can result in less slippage. | The Binance interface can be confusing for beginners due to the vast product offering. |
| The platform supports advanced trading tools, staking, lending, and other ways to earn on your crypto. |
Binance is Best for:
- Advanced Crypto Traders: Binance provides advanced trading features for traders who want to go beyond simple buy and sell or basic swaps. Users have access to margin trading, futures contracts with up to 125x leverage, and trading bots for automated trading.
- Passive Income Opportunities: Binance offers a robust Earn program that provides multiple ways for traders to earn passive income on their idle crypto assets.
- Deep Liquidity: As the largest exchange by volume, Binance has an edge, as frequent and high-volume traders require platforms with deep liquidity to ensure minimal or zero impact on price when executing trades.
What is Crypto.com?
Crypto.com is a cryptocurrency trading platform that enables users to buy, sell, and trade digital assets, as well as access to other investment products beyond trading. It was co-founded in 2016 by Kris Marszalek, Rafael Melo, Bobby Bao, and Eric Anziani, and currently ranks among the top 20 crypto exchanges by trading volume.
Over the years, Crypto.com has expanded its user base to over 100 million users across more than 90 countries. The cryptocurrency exchange provides trading services for retail users, a crypto card, trading bots, access to decentralized finance (DeFi) protocols, and the broader Web3 ecosystem, along with specialized trading instruments tailored for institutional traders.
Pros & Cons of Crypto.com
| Pros | Cons |
| Low fees with discounts for CRO holdings and high-volume traders. | Although the exchange is supported in the US, it is not available to residents of New York. |
| Prepaid crypto Visa card with up to 8% cashback and fee rebates. | Relatively high withdrawal fees |
| Crypto.com offers high-yield staking programs |
Crypto.com is Best for:
- Beginner to Advanced Traders: With its mobile-first approach, the platform offers a beginner-friendly app experience for simple buying and selling/selling with more advanced tools such as automated trading bots and advanced order types for experienced traders.
- Integrated Financial Ecosystem: The platform does not offer as many exchange services as Binance, but it provides a comprehensive suite of services beyond trading on the exchange. Some of these products and services include a non-custodial DeFi wallet, an NFT marketplace, and crypto-backed lending/borrowing options.
Binance vs Crypto.com: Trading Features
| Feature | Binance | Crypto.com |
| Spot Trading | Yes | Yes |
| Futures Trading | Yes | Yes |
| Options Trading | Yes | Yes, via “UpDown Options” for US traders. |
| Leverage | Yes, 125x | Yes, 10x |
| OTC Trading | Yes | Yes |
| Bots | Yes | Yes |
| Premarket Trading | Yes | Yes |
| Copy Trading | Yes | Yes |
| Demo Trading | Yes | Yes |
| P2P Trading | Yes | No |
Binance vs Crypto.com: Platform Products and Services
What Binance Offers:
- Spot and Futures Trading: Binance allows users to buy and sell cryptocurrencies at the current market price. For beginners, start with spot trading, as it is the most basic type of trading offered by the platform, alongside peer-to-peer (P2P) trading and demo trading. For advanced traders, Binance supports futures contracts with up to 125x leverage, allowing professionals to amplify their positions and maximize their profit potential.
- Binance Earn: As part of its suite of products, Binance provides various opportunities for earning through Simple Earn, Advanced Earn, and Crypto Loans. Aside from Binance Earn products, the cryptocurrency exchange also offers other earning opportunities, including Learn & Earn, ETH staking, and participating in early token sales via the launchpool.
- Binance Pay: Binance Pay is a secure, contactless, and borderless payment system that allows users to send, receive, and spend cryptocurrency effortlessly for everyday transactions. It supports more than 80 cryptocurrencies, including Bitcoin, Ethereum, and stablecoins such as USDT and USDC, among others.
What Crypto.com Offers:
- Staking & DeFi: Crypto.com’s Staking & DeFi offerings allow users to earn rewards by locking up their crypto assets directly through the platform or by participating in decentralized finance protocols via the Crypto.com DeFi Wallet. It also offers other earning products, such as DeFi Invest and Supercharger events.
- Crypto.com Visa Card: The prepaid card allows users to spend their digital tokens anywhere Visa is accepted. The card also offers tiered benefits, including cashback in CRO (the platform’s native token), access to airport lounges, and rebates on streaming services.
- Onchain: Onchain powers Crypto.com’s decentralized ecosystem, where users can interact directly with blockchain networks through the DeFi Wallet. It provides access to decentralized applications (dApps), token swaps, and cross-chain transactions, all while giving users full control of their crypto assets.
Binance vs Crypto.com: Fee Structures
| Fee | Binance | Crypto.com |
| Spot (maker/taker) | 0.1% | 0.25% |
| Futures (maker/taker) | 0.02% and 0.05% | 0.02% and 0.04% |
| Deposit Fee | Free | Free |
| Withdrawal Fee | Vary, depending on the coin and blockchain network. | Vary, depending on the coin and network |
| Trading Fee Discounts | 25% discount for traders who pay trading fees with BNB | 0% maker fee and 12% off on taker fees with CRO lockup. |
Note: Both Binance and Crypto.com follow a tiered fee structure that charges high-volume traders less fees compared to non VIP traders.
Crypto.com vs Binance: Coins Supported, Liquidity, & Volume
| Criteria | Binance | Crypto.com |
| Number of Supported Coins | 500+ | 400+ |
| Trading Pairs | 1,500+ | 600+ |
| Market Liquidity | High | High |
| Daily Trading Volume | High, averaging $20 billion | High, averaging $3.5 billion |
| Users | 280+ million | 100+ million |
Binance vs Crypto.com: Security Features Comparison
Binance Security Measures
- User Account Security: Binance Exchange offers additional security measures to provide an extra layer of protection beyond the standard safety measures implemented by the platform. Users can activate two-factor authentication, whitelist withdrawal addresses, and anti-phishing code to ensure they can recognize official emails from Binance.
- Platform Security: Most of the crypto assets under Binance’s custody are stored in offline wallets, so they’re less exposed to online hacks. In addition to offline storage, Binance maintains an insurance fund, the Secure Asset Fund for Users (SAFU), which serves as an emergency fund to reimburse users in the event of a security breach.
Crypto.com Security Measures
- Cold and Hot Wallets: A significant portion of users’ crypto assets are stored in cold storage (offline vaults), thereby reducing the risk of online hacks. Meanwhile, only a small fraction of assets needed for day-to-day operations is kept in hot wallets.
- User Account Security: Crypto.com encourages users to activate various account-level protections to ensure the safety of their assets. The cryptocurrency exchange supports multi-factor authentication (MFA) for login and other sensitive actions. Additionally, users can activate anti-phishing code and withdrawal address whitelisting to prevent unauthorized withdrawals.
Crypto.com vs Binance: Affiliate & Referral Programs
| Criteria | Binance | Crypto.com |
| Commission | 40% | 50% |
| Welcome Bonus | 100 USDT | Cumulative rewards of up to 1 BTC |
| Current Referral Code | BINANCENFTP | nftevening |
| Trading Fee Discount | 20% | 50% |
| Mandatory KYC | Yes | Yes |
Pro Tip: Before you start trading on any of these two exchanges, ensure you find out the additional rewards they offer new users to help you kickstart your trading journey. We discuss both platforms’ offers in more detail in this Binance referral code and Crypto.com referral code review.
Crypto.com vs Binance: User Experience
Crypto.com provides a straightforward and intuitive web and mobile app experience, ideal for those new to cryptocurrency trading or the platform. The platform is an all-in-one platform for trading and exploring the web3 ecosystem, integrating financial services like Visa card rewards, staking, and an NFT marketplace. The cryptocurrency exchange offers more structured financial products, and you can find more details of these services in this Crypto.com review.
Meanwhile, Binance packs a lot of features into both the mobile and web interfaces. This extensive product support makes it suitable for advanced users, but it can also make the experience feel overwhelming for beginners. Nevertheless, if Binance is a strong consideration for you as a beginner, you can explore the basic trading tools that the platform offers and familiarize yourself with the exchange’s products via the educational resources they provide.
So, which exchange is best? If you’re a frequent trader or you want advanced features (different order types, margin/futures, APIs), Binance is a top choice, and you can learn more about the exchange in this in-depth Binance review. On the other hand, if ease of use and access to comprehensive tools beyond the exchange are a priority for you, opt for Crypto.com.
Crypto.com vs Binance: Customer Support
Crypto.com is generally praised for its responsive and accessible customer support. It offers 24/7 live chat support through the Binance app and website, as well as email support and an extensive help center featuring FAQs and guides. The cryptocurrency exchange has a 1.3 rating based on over 9,000 reviews on Trustpilot.
Binance offers customer support through live chat, email, support tickets via the Help Center, and extensive educational resources to help new users learn more about the crypto space and the exchange. However, user feedback is mixed due to occasional delays and account verification issues.
Conclusion
Both Crypto.com and Binance are great options for crypto trading, earning, and exploring other investment products. If you need advanced trading tools support, access to new token launches, and deep liquidity, opt for Binance. However, if you need a platform to buy, hold, trade, stake, and even spend crypto without sifting through too many products, Crypto.com will be more suitable.
FAQs
Is Crypto.com a Trusted Cryptocurrency Exchange?
Crypto.com is considered a trusted platform, especially because the company is highly regulated in most regions, including the United States, and it has high-level security certifications like the ISO 27001 (information security) and other standards.
What Crypto Exchange is Better than Binance?
Binance is one of the top choices for crypto traders, but other exchanges offer similar features and even unique products that set them apart. If you are looking for alternatives to Binance, consider Crypto.com, especially due to its availability in the US, as well as Bybit, Coinbase Exchange, OKX, and MEXC.
Which Exchange has Lower Fees: Binance vs Crypto.com?
Binance has lower fees compared to Crypto.com. Still, both exchanges offer competitive fees with tiered discounts for high-volume traders and those holding or paying fees with BNB (Binance’s native token) or CRO (Crypto.com’s native token). Binance fees start at 0.1% while Crypto.com’s fees start at 0.250%.
Which Exchange is More Beginner-friendly: Binance or Crypto.com?
Crypto.com Exchange is more beginner-friendly than Binance. Unlike the Binance interface, which is packed with lots of features, Crypto.com has a clean and intuitive interface with products/services neatly positioned on both the mobile app and web version.
What are the Deposit and Withdrawal Options on Binance and Crypto.com?
The deposit and withdrawal options on Binance and Crypto.com are cryptocurrency deposits and withdrawals, bank transfers (e.g., via ACH and SEPA for EUR), and card payments.
