There are a lot of different cryptocurrency exchanges out there, and it can be tough to decide which one is right for you. If you’re looking for a reliable and user-friendly platform, two of the most popular options are Binance and Crypto.
com. Here’s a comparison of the two exchanges so you can decide which one is best for you.
Platforms
Both Binance and Crypto.com offer mobile and web-based platforms. Binance also has a desktop client, while Crypto.
com only offers a mobile app. Both platforms are easy to use and have all the features that you need to buy, sell, and trade cryptocurrencies.
Coin Selection
Binance has a much wider selection of coins than Crypto.com.
If you’re looking to trade altcoins, Binance is the better option. However, if you’re only interested in major coins like Bitcoin and Ethereum, either exchange will work fine.
Fees
Binance charges lower fees than Crypto. For maker trades, Binance charges 0.1%, while Crypto.com charges 0.2%.
For taker trades, Binance charges 0.4%. In addition, Binance offers a discount for users who pay with their native token (BNB). Overall, Binance is the better choice if you’re looking to save on fees.
Deposit and Withdrawal Methods
Binance only allows deposits and withdrawals in cryptocurrency, while Crypto.com also supports fiat currencies (USD, EUR, GBP). So if you want to buy crypto with fiat currency or cash out your crypto for fiat currency, Crypto.
com is the better option. However, if you only want to deal in cryptocurrency, Binance is simpler and has lower fees.
Customer Support
Binance and Crypto.com both have excellent customer support teams that are available 24/7 to help with any issues you may have.
Both exchanges also have extensive FAQ sections on their websites that can answer most common questions without needing to contact customer support. Overall, both exchanges offer great customer support options if you need help with anything.
Security
Both Binance and Crypto.com take security seriously and offer multiple layers of protection for your account (2FA, email verification, withdrawal limits). In addition, both exchanges have insurance policies that protect against hacks and losses due to hacking or fraud (up to $250 million for Binance and $100 million for Crypto.
com). Overall, both exchanges are equally secure choices when it comes to keeping your account safe from hackers or fraudsters.