Binance is no longer available in the US
From September 12 2019, users in the United States can no longer trade cryptocurrencies on the Binance exchange.
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Binance vs Bittrex: Which exchange meets your needs?
We compare Binance and Bittrex side by side to help you work out which is the best crypto trading platform for you.
Binance and Bittrex are two of the world’s most popular crypto exchanges, and both of them allow their users to buy and sell more than 100 digital currencies.
But is Binance or Bittrex a better choice for your crypto trading needs? Check out our side-by-side comparison to find out.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
At a glance: Binance vs Bittrex
The full breakdown
|
Binance
|
Bittrex
|
|
|---|---|---|
| Location | Malta | Seattle, Washington, United States |
| Supports fiat currencies? | No | Yes |
| Range of cryptocurrencies supported? | Large – more than 100 | Large – more than 100 |
| Customer support | Online help center email, social media | Online help center, email, social media, live chat |
| Ease of use | Intermediate
|
Beginner
|
| User interface | Slightly confusing for beginners | Reasonably easy for beginners to navigate |
| Set-up | New users must provide:
|
New users must provide:
|
| Supported countries | Global | Global |
| Learn more |
Thinking of using Binance?
What are the pros of using Binance?
- Allows you to buy and sell more than 100 digital currencies
- Competitive fees offered
- Also offers a native currency, Binance Coin, which can be used to access discounted fees
- Quick and easy registration process
- Mobile trading app available
What are the cons of using Binance?
- No fiat deposits available
- User interface isn’t really suited to beginners
- Established in 2017 so hasn’t been around as long as some other platforms
Thinking of using Bittrex?
What are the pros of using Bittrex?
- Supports fiat-to-crypto trading (in USD) as well as crypto-to-crypto trading
- Provides access to an extensive range of digital currencies
- Good range of security features
- Easy to understand for beginners
- Founded in 2014 so has been around a while
What are the cons of using Bittrex?
- Trading fees are high compared to some other platforms
- Has had plenty of customer service complaints
- Some users have reported frustration with the platform’s lengthy verification process
Keen to consider alternatives? Check out our comparison of over 50+ cryptocurrency exchanges.
Bottom line: Should you use Binance or Bittrex?
The only person who can answer this question is you. It’s essential that you choose a trading platform that’s a good fit for your trading needs. So, research the features of Binance and Bittrex before signing up for an account. Consider each platform’s deposit methods, fees, supported currencies, security features, customer support and more to decide which one offers everything you’re looking for in a crypto exchange.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Image source: Shutterstock
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