Binance vs Crypto.com: Best Crypto Exchange?

11/28/24 •

Summaries by topic

• English

Binance and Crypto.com are both cryptocurrency exchanges with varying features, including rewards hubs, trading fees, fiat currency on/off ramps, and crypto-earning platforms. While both exchanges offer advantages and disadvantages, Binance generally offers lower trading fees and better blockchain support, while Crypto.com focuses on a more integrated fintech experience with a debit card and stock trading.

Rewards & Bonuses

• 00:00:11 Binance offers a rewards hub for new users and a 25% trading fee discount with BNB coin. Crypto.com has a 'Level Up' system across various aspects, including stocks and banking, where users earn benefits by staking CRO tokens for a year, potentially gaining higher cash back and fee discounts.

Trading Fees

• 00:04:55 Binance has a flat 0.1% trading fee on spot pairs, with a 25% discount when paying with BNB. Crypto.com's app has higher fees, incorporating them into asset prices, while the exchange has lower fees, with discounts available through CRO staking.

Fiat Currency On/Off Ramps

• 00:08:51 Both exchanges offer bank transfers and debit card purchases/withdrawals for fiat currency on/off ramps. While bank transfers are generally cheaper, debit card options incur Visa/Mastercard fees. Crypto.com offers more robust fiat currency options across different regions compared to Binance, which may have limitations in some areas.

Moving Crypto

• 00:11:33 Binance typically has a wider selection of blockchains and assets, leading to cheaper fees for transferring crypto in/out. For example, Bitcoin withdrawal costs are lower on Binance compared to Crypto.com. Binance also offers better liquidity and a wider range of assets issued on different chains.

Trading Platforms & Web3

• 00:13:19 Binance offers a more standard trading system with better liquidity and responsiveness, while the Crypto.com app is simpler and geared toward beginners. Crypto.com Exchange is more professional with lower fees, but Binance is the industry standard and often has more trading pairs. Binance also has a more advanced Web3 wallet with its own app store for dApps, compared to Crypto.com's DeFi wallet.