Thanks to a high potential for yield generation, crypto trading is one of the most popular activities in the finance industry. Getting started as a crypto trader is straightforward when you know the right platforms to suit your needs.
Since there is a wide variety of trading platforms, we compiled this guide which compares two of the most popular crypto exchanges in the world - Binance and Crypto.com. Throughout the guide, we will look at the main differences between their pricing, features, security, customer support, and user experience. We will also look at the unique advantages both platforms offer.
| Name | Score | Visit | Disclaimer | |
|---|---|---|---|---|
 | 9.1 | Visitbinance.com | ||
 | 8.7 | Visitcrypto.com |
Binance and Crypto.com Compared
| Binance | Crypto.com | |
| 💸 Minimum deposit | None | $20 |
| 🔀 Minimum trade size | $10 for spot trading | $1 |
| 💰 Deposit fee | 0-1.8% | $0 |
| 💰 Trading fee | Up to 0.1% | Up to 0.075% |
| #️⃣ Number of cryptocurrencies | 350+ (150 available in the US) | 250+ |
| 🔁 Instant purchase? | Yes | Yes |
| 📈 Advanced trading? | Yes | Yes |
| 📊 Staking service | 26+ coins | 21+ |
| ✅ KYC required? | Yes | Yes |
| 🎧 Customer support | FAQ, email, web chat | Phone, Email, FAQ |
| 👮♂️ Regulators | AMF | FCA |
Binance vs Crypto.com: Fees
| Binance | Crypto.com | |
| Trading fees | Up to 0.1% | Up to 0.075% |
| Crypto to crypto conversion fee | None | None |
| Simple card purchase | 2% | 2.99% |
| Fiat deposits | 0-1.8% | None |
| Fiat withdrawals | 0-1.8% | None |
| Crypto deposits | None | None |
| Crypto withdrawals | Varies by coin | Varies by coin |
The fees charged by Binance and Crypto.com vary depending on their services. These fees are also affected by transaction size, method of payment, and even the type of transactions made. Below, we will discuss these factors and how they vary for both platforms.
Trading Fees
Both Binance and Crypto.com charge different trade fees. They charge higher fees for instant card purchases, but each platform also uses a maker/taker structure for spot trading on their exchanges. The maker/taker fees are significantly lower and cheaper than most competitors.
For Binance, spot trading fees are 0.1% or less. In addition, there is no trading fee when trading BTC/TUSD, and you get a 25% reduction in trading fees when you pay them in BNB. In contrast, Crypto.com’s fees start at a 0.075% rate for Maker and taker fees. However, fees drop as trade volume exceeds $250,000.
Deposit and Withdrawals Fees
Both Binance and Crypto.com have relatively simple fee structures for deposits and withdrawals. It also varies depending on the payment method used.
| Payment Type | Binance | Crypto.com |
| ACH Deposit | Free (Binance US) | Free |
| ACH Withdrawal | Free (Binance US) | Free |
| Debit Card Deposit | 1.8% | Free |
| Debit Card Withdrawal | 1.9% | n/a |
| Bank transfer deposit | Free/€1 | Free |
| Bank transfer withdrawal | €/£1 | Free |
Winner: When it comes to the fee structure, Crypto.com has a clearer framework, and it seems cheaper than Binance. Crypto.com offers free deposits, as does Binance in certain circumstances, but its withdrawal fees are cheaper.
Binance vs. Crypto.com: Features
| Features | Binance | Crypto.com |
| Advanced trading | Yes | Yes |
| Instant purchases | Yes | Yes |
| Staking | 26+ coins | 21+ coins |
| Wallet | Custodial + non-custodial | Custodial + non-custodial |
| Educational resources | Yes | Yes |
| NFT support | Yes | Yes |
| Crypto Debit card | Yes | Yes |
| OTC trading | Yes | Yes |
Trading tools
Both Binance and Crypto.com are high-end trading platforms with the latest trading tools and services. Investors will enjoy instant trades on both platforms. They will also get access to advanced trading tools like grid trading bots. Binance seems to have more comprehensive trading tools.
Staking
Most crypto exchanges will allow individuals to earn money from staking tokens to help protect a network and ensure its trades move smoothly. Both Binance and Crypto.com offer staking for dozens of cryptocurrencies. When it comes to earning money from staking, Binance is a better option because it has a higher number of supported cryptocurrencies.
Wallets
Cryptocurrencies generally have two types of wallets - custodial and non-custodial wallets. Custodial wallets use third parties to safeguard the private keys, while non-custodial wallets give users total control over their wallet keys. Binance and Crypto.com offer both custodial and non-custodial wallets.
Educational Materials
All good crypto exchanges have comprehensive educational resources for teaching new and old investors the best ways to use their tools and services. Both Binance and Crypto.com fall into this category. However, Binance surpasses Crypto.com in the provision of educational materials because Binance offers more services and supports more currencies, meaning its educational material would be generally wider than Crypto.com.
Unique Binance Features
Binance Earn
This feature makes it easy for crypto holders to participate in financial services like staking and yield farming. Binance Earn also offers a sizable return on the different yield-earning opportunities. (Binance Earn isn’t available on Binance US)
Tax management
Binance offers easy tax management tools that simplify the process of calculating tax payments. Users can simply import their tax documents to the Binance platform to easily calculate expected tax payments by factoring in their transactions. Also, When exploring Binance alternatives, Crypto.com emerges as a noteworthy contender in the cryptocurrency exchange landscape, offering a comprehensive suite of features and services.
Unique Crypto.com Features
Comprehensive Insurance Coverage
Crypto.com has one of the most comprehensive insurance policies in the entire industry making it one of the most trusted cryptocurrency exchanges in the world. It also allows users to check their reserves to confirm their (1:1) crypto/fiat backing.
Web 3
Crypto.com’s Web 3 services provide an easy gateway to the world of Web 3 technologies. The platform’s users will easily access NFTs, community news, and online events. Crypto.com also keeps investors and traders up-to-date on the latest happenings in the crypto world.
Winner: While the two platforms have several features in common such as debit cards and NFT support, Binance comes out on top as it has a wider array of features, including derivatives and more earning products.
Binance Vs Crypto.com: Supported Currencies
| Binance | Crypto.com | |
| Cryptocurrencies | 350+ (150+ on Binance US) | 250+ |
| Fiat Currencies | 30+ | 8+ |
| Trading pairs | 1000+ | 500+ |
Binance has a more comprehensive list of cryptocurrencies than Crypto.com. It also has far more trading pairs. Furthermore, Binance offers a wider reach to the crypto market as it eases the process of finding less popular tokens. Its wide trading pair variety provides thousands of trading options for investors to choose from. It is crucial to note that Binance.US has fewer cryptocurrencies and trading pairs than Crypto.com thus investors in the U.S. would have less variety than Crypto.com users.
Winner: Binance is the clear winner here for the simple reason that it supports far more currencies (unless you reside in the US).
| Name | Score | Visit | Disclaimer | |
|---|---|---|---|---|
| 9.1 | Visitbinance.com | ||
| 8.7 | Visitcrypto.com |
Binance Vs Crypto.com: User Experience
One good thing about both crypto exchanges is their quality customer experience. Both platforms have simple and easy-to-understand designs that help direct users to the right goods and services. Both platforms also have a smooth interface that makes it easy to find information or solve problems.
Both platforms offer comprehensive educational materials and guides that help improve users' interaction with their services. Crypto.com’s overall interface seems more suited to beginners than Binance because of the number of services the latter offers. Binance’s interface might be a bit confusing for beginners, especially because of the depth of their services.
Mobile App
Binance and Crypto.com have mobile applications that allow users to access their services from the comfort of a handheld device. They also have simple-to-use desktop applications. After checking user reviews of their mobile apps, we discovered that Binance was rated higher than Crypto.com.
Binance’s mobile app got a 4.7-star rating on the App Store, while Crypto.com got a 4-star rating. In contrast, Binance got a 4.4-star rating on Google Play, while Crypto.com got a 4.5-star rating. According to Mobile app ratings, Binance surpasses Crypto.Com
Winner: Though it was close run, Binance just edges ahead on user experience due to its more extensive educational resources and slightly more popular mobile app.
Binance Vs Crypto.com: Security
| Binance | Crypto.com | |
| 2FA | Yes | Yes |
| Vault Protection | No | Yes |
| Crypto Insurance | No | Yes |
| Emergency Fund | Yes | No |
| KYC | Yes | Yes |
| Regulation | AMF | FCA |
| Address Whitelisting | Yes | Yes |
| Cold storage | Yes | Yes |
| Data Encryption | Yes | Yes |
Crypto exchanges are supposed to take their security seriously, and so it is expected that Binance and Crypto.com will have top-notch security features. Both platforms follow industry-standard security practices for protecting users' funds.
Security practices
Both platforms compel their users to employ standard Know-Your-Customer (KYC) verification practices to ensure that fraudulent individuals and activities are kept off their platforms. They have also announced multi-factor authentication, which involves biometrics, SMS, email, and phone verification.
In terms of security, Crypto.com seems to be ahead of Binance because it offers several options when it comes to multi-factor authentication. Furthermore, Binance also offers strict sign-in protocols and IP/wallet address whitelisting.
Asset Protection
Both platforms use secure asset protection services for holding customer funds. Both platforms have sizeable insurance policies or funds to protect investors from losing their funds in case of emergencies.
Regulation and Reputation
Binance and Crypto.com are some of the most popular exchanges worldwide, and each has received operating licenses from strong financial regulatory agencies. Binance faces some current regulatory issues with the SEC in America, but the platform has been working hard to settle with American regulators. Crypto.com, on the other hand, has received regulatory licenses in several countries, including many states in America.
Winner: Crypto.com just edges ahead due to its sizeable insurance policy and FCA approval.
Binance Vs Crypto.Com: Customer Support
| Binance | Crypto.com | |
| 24/7 Help Center | Yes | Yes |
| Live chat | Yes | Yes |
| Yes | Yes | |
| Phone | No | Yes |
| Support ticket | Yes | Yes |
Binance and Crypto.com are not particularly popular for their customer support services. Many users complain of slow response times and difficulty navigating the process involved in opening and submitting support tickets.
Thankfully, Both platforms have a comprehensive FAQ section that helps users find their way around the tools and services offered. They also have live chat options that allow investors to get solutions to problems in real time. With FAQ and live chat, most users won't need to use email support.
Binance doesn’t use phone numbers for security purposes, while Crypto.Com allows users to access support services by phone.
Winner: We believe Binance comes out on top in terms of customer service because its customer reviews are more positive than those of crypto.com.
Our Verdict
In this guide, we have thoroughly analyzed both crypto exchanges and compared their services. Both Binance and Crypto.com are relatively close in service delivery, user security, customer support, and exchange features.
However, Binance edges out Crypto.com thanks to its variety. It supports more cryptocurrencies than the latter and it offers more trading services. It also offers better customer support. Crypto.com is still a very good option, and the quality of most of its services is close to Binance.
Who is Binance Best for?
Expert traders
Traders with a large portfolio
Traders looking for a wide variety
Who is Crypto.com Best for?
New traders
Traders with a smaller portfolio
| Name | Score | Visit | Disclaimer | |
|---|---|---|---|---|
| 9.1 | Visitbinance.com | ||
| 8.7 | Visitcrypto.com |
Binance and Crypto.com Compared to Other Platforms
We’ve also gone ahead to compare both exchanges to other platforms to give users more options when choosing an exchange to suit their needs.
