Binance.US vs. Gemini: Which crypto exchange is better?

Gemini and Binance.US are both cryptocurrency exchanges focusing primarily on providing services from basic trading services to staking and earning. Find out which exchange wins in a competition between Binance.US and Gemini.

Round 1: Binance.US vs. Gemini vs. on vital statistics

Both Gemini and Binance.US have built easy-to-use, reliable and secure cryptocurrency exchanges. That said, from a vital statistics perspective, Gemini has a slight edge over Binance.US as Gemini allows users to earn cryptocurrency through lending directly on the platform.

Overall rating	★★★★★	★★★★★
Costs rating	★★★★★	★★★★★
Registered
Exchange location	USA	United States, Australia
Offers a debit card
Earn returns on crypto
	More Info	More Info

Winner: Gemini

Round 2: Supported coins

The number of coins that Binance.US and Gemini have on their platform is comparable. The only thing that sets Gemini apart from Binance.US is that it allows the trading of XRP, which is a top 10 cryptocurrency that may appeal to crypto beginners.

Number of tradeable crypto assets	151	102
	More Info	More Info

Winner: Gemini

Round 3: Supported fiat currencies

Since Gemini operates internationally and Binance.US is operational exclusively in the United States, Gemini offers more fiat currencies than Binance.US. The only fiat currency offered by Binance.US is the USD. Gemini offers the ability to withdraw and deposit USD, CAD, AUD, GBP and several more.

Number of supported fiat currencies	1	7
Supported fiat currencies	USD	GBP, AUD, EUR, CAD, USD, HKD, SGD
	More Info	More Info

Winner: Gemini

Round 4: Fees and costs

Gemini has a more complicated fee structure than Binance.US. It has flat rates for amounts below a USD threshold and charges a percentage of the trade amount for amounts above the threshold. On the other hand, Binance.US allows its users to pay fees with BNB and receive a 50% discount.

Minimum deposits		$0
Deposit Fees	Bank transfer: None Wire transfer: None Debit card: 3.75% Apple Pay: 3.75% Cryptocurrency: None	Cryptocurrency: None Bank transfer (ACH): None, bank fees may apply Wire Transfer: Determined by your bank Debit Card: 3.49% + Trading Fees Paypal: 2.50% of total deposit amount + Trading Fees
Trading Fee	Maker: 0-0.30% Taker: 0-0.45%	≤ $10.00: $0.99 > $10.00 but ≤ $25.00: $1.49 > $25.00 but ≤ $50.00: $1.99 > $50.00 but ≤ $200.00: $2.99 > $200.00: 1.49% of your Web Order value
Withdrawal Fees	Bank transfer: None (minimum $1 withdrawal) Wire transfer: $10-15 (minimum $100 withdrawal) Cryptocurrency: Fees vary	Cryptocurrency: None (for 10 withdrawals and below per month) Others: None (for 10 withdrawals and below per month)
Deposit methods	Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer, Apple Pay	Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT
	More Info	More Info

Winner: Binance.US

Round 5: Wallets

Although Gemini has a mobile application to access its systems, it doesn’t have a proprietary non-custodial wallet. Compare this with Binance.US, which builds and maintains a popular non-custodial wallet that can be used to store cryptocurrencies and access dApps on the Binance blockchain.

Winner: Binance.US

Round 6: Ease of use

Gemini is a much larger platform than Binance.US as it incorporates a lot of features for traders at all levels. Binance.US is a slimmed-down version of Binance and has only implemented the essential features such as trading and earning. Both platforms are well designed from a UI/UX perspective, but Binance.US has a slight edge due to its minimalistic approach.

Winner: Binance.US

Round 7: Security

Although Binance.US has never been hacked, its parent company has been. While Binance immediately reimbursed the affected users, Gemini has never been hacked and touts one of the largest insurance funds in the world. In this sense, Gemini has a better track record and demonstrates that it’s prepared to respond to an untimely hack.

Winner: Gemini

Gemini vs. Binance.US winner: Gemini

The comparison between Gemini and Binance.US is close, but Gemini won four of the seven rounds. From a beginner’s perspective, Gemini might be the better choice because of its dedication to security and well-roundedness concerning fees, features and cryptocurrencies it offers.

Although it may not be as easy to use as Binance.US, the flexibility of its platform makes up for any shortcomings. Gemini’s lack of hacks and sizeable insurance fund gives crypto beginners a level of comfort that Binance.US simply does not have.