Crypto.com vs. Binance.US: Which crypto exchange is better?

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.

We compare between Crypto.com and Binance.US, which is a subentity of Binance and is different from its parent in numerous ways. Here are the results of the Crypto.com vs. Binance.US competition.

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

Binance.US 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.

The main distinguishing feature of Crypto.com is its Visa debit card. Binance, on the other hand, is known for the sheer size, scope and scale of its cryptocurrency offerings.

In many ways, Crypto.com has followed the Binance roadmap and playbook. 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.

Overall rating	★★★★★	★★★★★
Costs rating	★★★★★	★★★★★
FCA-registered
Exchange location	Hong Kong	USA
Offers a debit card
Earn returns on crypto
	More Info	More Info

Winner: Binance

Round 2: Supported coins

Crypto.com offers users the ability to buy, sell and trade far more cryptocurrencies than Binance.US does. In addition to offering more digital assets on its platform, Crypto.com offers more trading pairs than Binance.US.

Crypto.com offers its users many more cryptocurrencies than Binance.US, so it’s the winner.

Number of tradeable crypto assets	272	153
	More Info	More Info

Winner: Crypto.com

Round 3: Supported fiat currencies

Binance.US caters to US citizens. Therefore, it only supports one fiat currency, the US dollar. If users will only ever use and transact with the US dollar, then it is a fine option.

However, Crypto.com offers more than 21 fiat currencies, which is better for users that require more flexibility with respect to transacting with fiat.

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

Number of supported fiat currencies	31	1
	More Info	More Info

Winner: Crypto.com

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.

Deposit Fees	None	Bank transfer: None Wire transfer: None Debit card: 3.75% Apple Pay: 3.75% Cryptocurrency: None
Trading Fee	Maker - 0-0.075% Taker - 0.05-0.075%	Maker: 0-0.30% Taker: 0-0.45%
Withdrawal Fees	Cryptocurrency: Fees vary	Bank transfer: None (minimum $1 withdrawal) Wire transfer: $10-15 (minimum $100 withdrawal) Cryptocurrency: Fees vary
Deposit methods	Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT	Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer, Apple Pay
	More Info	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

While Binance.US has never been hacked, its parent company Binance has. Although it found an amicable resolution to the hack and fully reimbursed affected users, a hack is nonetheless a stain on its otherwise perfect record.

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. Crypto.com is the winner due to its accumulation of third-party audits and security certifications.

Winner: Crypto.com

Binance.US vs. Crypto.com winner: Crypto.com

Based on the analysis of seven factors, Crypto.com won five of them. This means that Crypto.com is the clear winner in terms of which cryptocurrency exchange is better for users.

The only aspects that Crypto.com was lacking when compared with Binance.US were vital statistics and fees. In all other areas, Crypto.com clearly outperforms Binance.US.