Pros & Cons |
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Founders and team is displayed on the website
$15,570 USD currently invested (TVL)
Bank of Chain is decentralised, but Binance is not
Know your customer checks are required on Bank of Chain but not on Binance
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The biggest crypto platform in the world
Huge array of innovative crypto related services
High liquidity exchange offers competitive rates
Low maker and taker exchange fees
Been in business longer than Bank of Chain
(Founded 2017 vs 2021)
Crypto exchange available on Binance but not on Bank of Chain
Fiat exchange available on Binance but not on Bank of Chain
Pro exchange marketplace available on Binance but not on Bank of Chain
Peer to peer exchange available on Binance but not on Bank of Chain
Margin trading available on Binance but not on Bank of Chain
Instantly buy crypto with fiat on Binance but not on Bank of Chain
Futures exchange available on Binance but not on Bank of Chain
Has 24/7 support but Bank of Chain doesn't
Has chat support but Bank of Chain doesn't
Interface supports English, French, Bulgarian, Japanese, Greek, Arabic, Argentinian-Spanish, Latvian, Turkish, Polish, Brazilian-Portuguese, Vietnamese, Portuguese-Portuguese, Swedish, Romanian, Spanish, Simplified Chinese, Czech, Hebrew, Russian, Slovenian, Traditional Chinese, Italian, Indonesian, Mexican Spanish, Ukrainian Russian, Hindi, Chilean Spanish, Peruvian Spanish, Colombian Spanish, Filipino and Urdu whereas Bank of Chain doesn't
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Community is not strong
Directly dependent on other DeFi protocols
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Headquarters location and license status unclear
Fiat withdrawls not available in some countries due to regulatory reasons
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Staking Rates |
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The table below compares the staking rates for Bank of Chain and Binance.
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Company |
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Legal name
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Legal name
Binance UAB
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Year founded
2021
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Year founded
2017
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Country incorporated in
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Country incorporated in
135
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Headquarters country
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Headquarters country
135
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Platform token
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Platform token
BNB
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Decentralised
Yes
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Decentralised
No
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Open source
Yes
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Open source
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Number of employees
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Number of employees
4000
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Number of users
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Number of users
29,000,000
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Total assets under management
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Total assets under management
$3,000,000,000USD
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Products |
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Savings accounts
Yes
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Savings accounts
Yes
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Loans
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Loans
Yes
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Crypto to crypto exchange
No
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Crypto to crypto exchange
Yes
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Fiat to crypto exchange
No
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Fiat to crypto exchange
Yes
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Pro exchange marketplace
No
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Pro exchange marketplace
Yes
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Peer to peer exchange
No
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Peer to peer exchange
Yes
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Margin trading
No
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Margin trading
Yes
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Corporate accounts
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Corporate accounts
Yes
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Instantly buy crypto with fiat
No
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Instantly buy crypto with fiat
Yes
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Integrated crypto wallet
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Integrated crypto wallet
Yes
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Crypto withdrawals to private wallet
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Crypto withdrawals to private wallet
Yes
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Fast account verification
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Fast account verification
Yes
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Futures exchange
No
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Futures exchange
Yes
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Chain agnostic
No
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Chain agnostic
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Security |
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Insurance level
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Insurance level
$285,000,000USD
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Cold storage
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Cold storage
Yes
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Two factor authentication
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Two factor authentication
Yes
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Credit check
No
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Credit check
No
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Support |
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24/7 support
No
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24/7 support
Yes
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Email support
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Email support
No
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Phone support
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Phone support
No
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Chat support
No
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Chat support
Yes
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Fees |
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Maker fee
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Maker fee
0%
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Taker fee
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Taker fee
0%
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Fiat deposit fee
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Fiat deposit fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 3.5% for others.
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Fiat withdrawal fee
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Fiat withdrawal fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 2.5% for others.
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Crypto deposit fee
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Crypto deposit fee
Free
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Crypto withdrawal fee
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Crypto withdrawal fee
Varies by currency. 0.0005 BTC for Bitcoin.
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Crypto wallet withdrawal limit
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Crypto wallet withdrawal limit
Up to 100 BTC per day for verified accounts
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Investment Strategy |
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Liquidity pools
Yes
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Liquidity pools
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DeFi products
Yes
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DeFi products
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Registrations & Regulation |
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Know your customer
No
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Know your customer
Yes
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We always rank and compare products objectively and impartially.
We carefully research products for legitimacy before adding them to the platform.
We never sell or disclose your data to anyone.