Binance and Bittrex are two of the most popular cryptocurrency exchanges out there. Both exchanges offer a great selection of coins and tokens, low fees, and a user-friendly interface. So which one is better?
Binance has the upper hand when it comes to trading volume. It consistently ranks in the top 5 exchanges by 24-hour trading volume.
Bittrex, on the other hand, usually ranks in the top 20. This means that more people are trading on Binance, making it easier to buy and sell coins at the price you want.
Bittrex does have one advantage over Binance: it supports fiat currencies. This means that you can deposit and withdraw US dollars, Euros, etc.
on Bittrex, while on Binance you can only trade with cryptocurrencies. If you want to buy cryptocurrencies with fiat currencies, Bittrex is the better option.
Another thing to consider is security. Both Binance and Bittrex have been hacked in the past.
However, they have both taken steps to improve their security since then. Overall, both exchanges are reasonably secure, but Binance may have a slight edge due to its use of 2-factor authentication and withdrawal limits.
So which exchange is better? It depends on what you’re looking for. If you want to trade a large variety of cryptocurrencies with low fees, go with Binance.
If you want to buy cryptocurrencies with fiat currencies, go with Bittrex. And if security is your main concern, either exchange should be fine.