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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.

Must read: Binance is not available for Ontario-based users.
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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

354
cryptocurrencies

New users earn up to USD $500 in bonus rewards on qualified deposits and trades. Valid until December 31, 2021. T&Cs apply.
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
CA residents: Binance is not currently available to Ontario-based users.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

283
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
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The full breakdown

Binance

Bittrex
LocationDistributedSeattle, Washington, United States
Supports fiat currencies?USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ moreUSD
Range of cryptocurrencies supported?354 cryptocurrencies283 cryptocurrencies
Customer supportOnline help centre, email, social mediaOnline help centre, email, social media, live chat
Ease of useIntermediate
  • Crypto-to-crypto trading only
  • User interface easy to navigate
  • Also offers advanced trading view
Beginner
  • Offers USD deposits
  • Clean and simple user interface
User interfaceSlightly confusing for beginnersReasonably easy for beginners to navigate
Set-upNew users must provide:
  • Email address
New users must provide:
  • Email address
  • Date of birth
  • Country of residence
  • Residential address
  • Phone number
  • Proof of ID
Supported countriesGlobalGlobal
Learn more

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.

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

Looking to consider alternatives? Check out our comparison of over 50+ cryptocurrency exchanges.

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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