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Binance vs. AscendEx Review

We've tested over 50 apps to find the best platforms. Read our reviews to find the best crypto exchanges in 2022.

Updated August 2022   |  Affiliate Disclosure

βœ… Winner: Binance

Binance beat AscendEx on fees, trading volume, number of features, fiat deposit and withdrawals and security. AscendEx won on ease of use because no KYC is required to deposit, trade and withdraw crypto.

Binance has 0.10% trading fees (versus 0.10%/0.20% on AscendEx), 400+ coins (versus 240+), 30+ features (versus 15+), and $20 billion in 24hr trading volume when tested (versus $150 million). Binance is the overall winner.

How We Tested

To compare these platforms, we broke them down into 5 main categories: Fees, Features, Deposit & Withdrawals, Security and Ease of Use. Then, we collected over 50 features and 100 data points using live accounts to decide the winner. 

RankFi tracks dozens of crypto products. Lean more about our methodology here.

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Binance

Binance

AscendEX

AscendEx

BEST OVERALL

βœ… Winner

Cell

FEES

βœ… Winner

Cell

FEATURES

βœ… Winner

Cell

DEPOSIT & WITHDRAWALS

βœ… Winner

Cell

SECURITY

βœ… Winner

Cell

EASE OF USE

Cell

βœ… Winner

BONUS

10% off trading fees + up to $100 free

10% off trading fees

OPEN ACCOUNT

Fees

Binance

AscendEx

Cell

βœ… Winner

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Trading Fee

0.10%

0.10% maker / 0.20% taker

Trading Fee Discounts

βœ… Yes

βœ… Yes

24hr Trading Volume (Mar 16, 2022)

$20.192 billion

$150 million

Crypto Deposits

Free

Free

BTC Withdrawal Fee

0.0005 BTC

0.0005 BTC

ETH Withdrawal Fee

0.00625 ETH (ERC20)

0.01 ETH

USDT Withdrawal Fee

35 USDT (ERC20)

20 USDT (ERC20)

Features

Binance

AscendEx

Cell

βœ… Winner

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# of Features

30+

15+

Coins

400+

240+

Mobile App

βœ… Yes

βœ… Yes

Instant Buy (beginners)

βœ… Yes

βœ… Yes

Advanced Trading

βœ… Yes

βœ… Yes

Staking

βœ… Yes

βœ… Yes

Lending/Borrowing

βœ… Yes

βœ… Yes

Other Rewards?

βœ… Yes

βœ… Yes

Margin

βœ… Yes

βœ… Yes

Futures

βœ… Yes

βœ… Yes

OTC

βœ… Yes

🚫 No

Native Token

βœ… Yes (BNB)

βœ… Yes (ASD)

Affiliate Program

βœ… Yes

βœ… Yes

24/7 Support

βœ… Yes

βœ… Yes

Deposit & Withdrawals

Binance

AscendEx

Cell

βœ… Winner

Cell

Fiat Wallet Currencies

8 (AUD, EUR, GBP, RUB, BRL, TRY, UAH, NGN)

0 (not supported)

Instant Buy Currencies

40+

60+

Credit/Debit Card

βœ… Yes

βœ… Yes

P2P Exchange

βœ… Yes

🚫 No

Withdraw Fiat Currency

βœ… Yes

🚫 No

Fiat Withdrawal Limit (24 hrs)

$50k / $200k

N/A

Crypto Withdrawal Limit (24 hrs)

Varies on Region

2 BTC with no KYC

100 BTC with KYC

Security

Binance

AscendEx

Cell

βœ… Winner

Cell

Year Founded

2017

2018

Headquarters

🌎 Remote

πŸ‡ΈπŸ‡¬ Singapore

Uses Cold Storage

Yes

Yes

Insurance Policy

βœ… Yes

Any Hacks or Incidents?

βœ… Yes: 2019

βœ… Yes: 2021

2FA

βœ… Yes

βœ… Yes

Address Whitelisting

βœ… Yes

βœ… Yes

View Login History

βœ… Yes

βœ… Yes

Crypto Withdrawals Allowed

βœ… Yes

βœ… Yes

KYC

βœ… Yes

Partial

Publicly Traded

🚫 No

🚫 No

Sign Up

Binance

Binance

AscendEX

AscendEx

Bonus

10% Off Trading Fees + Up To $100 Free

10% Off Trading Fees

Referral Link

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