Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Crypto.com vs. Binance: which crypto exchange is better?

Both are popular and reputable cryptocurrency platforms, but which one is best for you?

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.

Binance and Crypto.com are two of the largest and most popular cryptocurrency exchanges internationally. Although both of them were started in 2017, Binance grew faster than Crypto.com and has become the largest crypto exchange in the world by users and volume. Now that Crypto.com has had time to catch up with Binance, it’s a formidable competitor.

Here are the results of the Crypto.com vs. Binance competition.

Round 1: Crypto.com vs. Binance on vital statistics

Binance and Crypto.com are similar in many ways, starting with the fact that they both offer their users their own signature cryptocurrency. Binance has BNB and Crypto.com has CRO. Both offer a debit card.

Binance is known for the sheer size, scope and scale of its cryptocurrency offerings. In many ways, Crypto.com has followed the Binance roadmap. After Binance created its own blockchain and smart contract platform, Crypto.com did the same. When Binance introduced staking, earning and the paying of fees with its core token, Crypto.com followed suit. The difference is that Crypto.com had a bit more time to improve and refine the models Binance established. Based on scope, Binance gets the slight edge here.

Crypto.com AppBinance Cryptocurrency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
FCA-registered
Exchange locationHong KongCayman Islands
Offers a debit card
Earn returns on crypto
Go to site
More Info
Go to site
More Info

Winner: Binance


Round 2: Supported coins

Binance offers users the ability to buy, sell and trade more cryptocurrencies than Crypto.com does.

Crypto.com AppBinance Cryptocurrency Exchange
Number of tradeable crypto assets290370
Go to site
More Info
Go to site
More Info

Winner: Binance


Round 3: Supported fiat currencies

Binance also wins this round due to its ability to offer its users a wider range of fiat currencies.

Crypto.com AppBinance Cryptocurrency Exchange
Number of supported fiat currencies2134
Supported fiat currenciesGBP, AUD, EUR, BGN, CAD, NZD, HRK, CZK, DKK, USD, HKD, HUF, ILS, JPY, CHF, ZAR, NOK, PLN, RON, SGD, SEKGBP, AUD, EUR, INR, COP, NZD, HRK, CZK, USD, HKD, IDR, ILS, KZT, KES, CHF, MXN, ZAR, NGN, NOK, PEN, PHP, PLN, RON, RUB, SAR, SGD, KRW, SEK, TWD, THB, TRY, UAH, AED, VND
Go to site
More Info
Go to site
More Info

Winner: Binance


Round 4: Fees and costs

Binance has a simple trading fee structure of 0.1% of the volume of the trade. There is an additional ability to pay 50% less if the fee is paid with BNB. When compared to Crypto.com’s complicated tiered structure that requires the purchase of CRO, the winner of this round is clear: Binance wins the round by offering a clear, competitive and comprehensive fee structure.

Crypto.com AppBinance Cryptocurrency Exchange
Deposit FeesNoneNone
Trading FeeMaker: 0.04-0.20%
Taker: 0.10-0.20%
0-0.1%
Withdrawal FeesCryptocurrency: Fees varyFees vary
Deposit methodsCredit card, Cryptocurrency, PayPal, TransferWise, SEPABank transfer (ACH)
Go to site
More Info
Go to site
More Info

Winner: Binance


Round 5: Wallets

Crypto.com and Binance have their own software wallets that allow users to connect to their respective blockchains. However, the Binance wallet is limited when compared to the Crypto.com DeFi wallet.

The Binance wallet is a desktop and browser extension, whereas the Crypto.com DeFi wallet is available as a browser extension, a desktop app and a mobile wallet. The Crypto.com wallet has further advantages as it allows users to hold tokens from Ethereum, Binance and Cronos as well as the ability to interact directly with Cronos dApps.

Crypto.com is the clear winner here as the Crypto.com DeFi wallet has many more features and a lot more functionality when compared to the Binance wallet.

Winner: Crypto.com


Round 6: Ease of use

Both cryptocurrency exchanges have an abundance of features and have been criticized for the lack of clarity on how to use their platforms. With that being said, Crypto.com seems to have spent more time and energy on refining its user interface to give beginners a great experience using its services. Binance seems to spend more time developing new features and offerings, which is better for advanced users.

Crypto.com is easier to use for beginners and thus wins this round.

Winner: Crypto.com


Round 7: Security

Binance has been hacked in the past but the hackers were only able to access 2% of the Bitcoin reserves as the rest was held in cold storage. All affected users had their funds returned.

With Crypto.com lacking any record of being hacked and going out of its way to obtain a record number of third-party security audits, the winner here is clear.

Winner: Crypto.com


Binance vs. Crypto.com winner: Binance

Binance wins 4 out 7 rounds of our analysis. This means that Binance narrowly edges Crypto.com in terms of which cryptocurrency exchange is better for 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. 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.

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site