Binance and Crypto.com are both large cryptocurrency exchanges with dozens of features. In this comparison, we covered features, spreads, fees, safety and much more so you can pick the best one.
The Bottom Line: Binance has more coins, more trading volume and is much cheaper overall. Binance has 600+ coins and a 0.00% spread on Bitcoin versus 200+ coins and a 3.11% spread on Crypto.com. Crypto.com is better if you live in Ontario or want a Visa card with up to 5% cash back.
Summary:
- Binance has 600+ coins (versus 200+ on Crypto.com) and a 0.00% spread for BTC (versus 3.11%)
- Binance is better, but you need to fund your account with crypto which can be hard for beginners
- Crypto.com has better support for $CAD, is available in Ontario and has Visa cards with up to 5% cash back
About Binance
Binance is the worlds largest crypto exchange based on trading volume, has tons of features and 0.10% trading fees. It's best used for trading 600+ altcoins for the lowest spreads and fees in the industry.
Pros & Cons
About Crypto.com
Crypto.com offer 200+ coins and lots of features for Canadians to explore. It's best used for their cash back Visa cards and earning rewards on 50+ coins.
Pros & Cons
Overview
To collect this info, we used real, KYC-verified accounts. We then broke it down into 5 categories: Fees, Features, Deposit & Withdrawals, Security and Ease of Use.
RankFi tracks dozens of crypto products. Lean more about our methodology here.
Coins Offered | 600+ | 200+ |
Total BTC Purchase Fee | 1.60% | 1.68% |
Total BTC Selling Fee | N/A (can't cash out CAD) | 1.41% |
CAD Trading Pairs? | 🚫 | ✅ |
CAD Deposit Fees | N/A | Free |
Interac e-Transfer? | 🚫 | ✅ |
Beginner Friendly | 🚫 | 🚫 |
Advanced Trading | ✅ | ✅ |
BTC Withdrawal Fee | 0.0005 BTC | 0.0004 BTC |
Headquarters | Remote Company | Singapore |
💰 Promotion | 10% off trading fees forever + up to $100 free | $25 free when you stake for a Ruby Visa card or higher |
Sign Up |
Features | ||
Best Features Overall | ✅ Winner | Cell |
Number of Features | 30+ | 20+ |
Coins | 600+ | 200+ |
Mobile App | ✅ | ✅ |
Web App | ✅ | ✅ (Pro Exchange only) |
Beginner Trading | ✅ (app only) | 🚫 |
Advanced Trading | ✅ | ✅ |
Staking | ✅ | ✅ |
Lending/Borrowing | ✅ | 🚫 (Restricted in Canada) |
Other Rewards | ✅ | ✅ |
Crypto Credit Card | 🚫 (Yes, but not available in Canada) | ✅ 5 Cards |
Margin Trading | ✅ | 🚫 (Restricted in Canada) |
Futures | ✅ | 🚫 (Restricted in Canada) |
OTC | ✅ | ✅ |
Native Token | ✅ | ✅ |
Affiliate Program | ✅ | ✅ |
24/7 Support | ✅ | ✅ |
Sign Up | ||
Fees & SpreadBoth platforms were tested on Mar 2, 2022 at the same time and numbers are subject to change.
| ||
Best Fees Overall | ✅ Winner | Cell |
*Total BTC Purchase Fee | 1.60% | 1.68% |
*Total BTC Selling Fee | N/A (can't cash out CAD) | 1.41% |
CAD Deposit Fee | 1.80% (*Instant purchase with credit card) | Free |
CAD Withdrawal Fee | N/A | Free |
Trading Fee | 0.10% or less | 0% in App 0.40% on Exchange |
Spread (BTC) | 0.00% | 3.11% |
Ref. Price Difference | Buy: -0.30% Sell: -0.30% | Buy: +1.68% Sell: -1.41% |
BTC Buy Price | $55,607 | $56,710 |
BTC Sell Price | $55,607 | $55,000 |
Reference Price (Google) | $55,774 | $55,774 |
Sign Up | ||
Deposits & Withdrawals | ||
Best Overall | Cell | ✅ Winner |
$CAD Funding Options | Credit Card 1.80% Instant P2P Exchange Time, fees & limits vary | Credit Card 3.50% Instant E-Transfer Free 0-2 days |
$CAD Withdrawal Options | P2P Exchange Time, fees & limits vary | E-Transfer Free 0-2 days |
BTC Withdrawal Fee | 0.0005 BTC | 0.0004 BTC |
ETH Withdrawal Fee | 0.005 ETH | 0.005 ETH |
Security | ||
Best Security Overall | Cell | ✅ Winner |
Year Founded | 2017 | 2016 |
Uses Cold Storage? | ✅ | ✅ |
FINTRAC Regulated | ✅ | ✅ |
Insurance Policy | ✅ (SAFU) | ✅ ($750m) |
Any Hacks or Incidents? | ✅ (2019) | ✅ (2022) |
2FA | ✅ | ✅ |
Address Whitelisting | ✅ | ✅ |
View Login History | ✅ | ✅ |
Crypto Withdrawals Allowed | ✅ | ✅ |
KYC | ✅ (Partial) | ✅ (Mandatory) |
Publicly Traded | 🚫 | 🚫 |
Headquarters | Remote Company | Singapore |
User Interface
Binance
Crypto.com
Binance or Crypto.com?
Overall, Binance has much lower fees than Crypto.com. When we did our test, Binance had a 0.00% spread for Bitcoin and Crypto.com was 3.11%. Binance also has 600+ coins (versus 200+) and more features.
That's not all though. Crypto.com has better support for Canadian dollars, good Visa rewards cards and is available in Ontario. On Binance, you need to fund your account with crypto which can be more difficult for beginners.
Sign Up:
Get 10% off your trading fees forever and up to $100 free
Get $25 free when you stake for a Ruby credit card or higher
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