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Home Platforms Binance vs Bittrex

Compare Binance vs Bittrex

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Pros & Cons

tick The biggest crypto platform in the world
tick Huge array of innovative crypto related services
tick High liquidity exchange offers competitive rates
tick Low maker and taker exchange fees
tick Higher average review rating than Bittrex (94% vs 87%)
tick More reviews than Bittrex (169,027 vs 5,264 reviews)
tick Higher rating on Trustpilot than Bittrex (2.1 vs 1.3 stars)
tick Has fewer users than Bittrex
tick Offers savings accounts but Bittrex doesn't
tick Offers loans but Bittrex doesn't
tick Peer to peer exchange available on Binance but not on Bittrex
tick Has a higher maker fee than Bittrex
tick Has a higher taker fee than Bittrex
tick Interface supports 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 Bittrex doesn't
tick Fast, professional exchange
tick Low competitive fees
tick Wide selection of cryptos
tick Available to US customers
tick Been in business longer than Binance (Founded 2014 vs 2017)
tick Has a lower level of insurance than Binance
cross Headquarters location and license status unclear
cross Fiat withdrawls not available in some countries due to regulatory reasons
cross Not suitable for beginers
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Reviews

94% based on 169,027 reviews
87% based on 5,264 reviews
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Staking Rates

The table below compares the staking rates for Binance and Bittrex.
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Company

Legal name
Binance UAB
Legal name
Bittrex Global GmbH
Year founded
2017
Year founded
2014
Country incorporated in
135
Country incorporated in
134
Headquarters country
135
Headquarters country
134
Platform token
BNB
Platform token
Decentralised
cross No
Decentralised
cross No
Number of employees
4000
Number of employees
260
Number of users
29,000,000
Number of users
500,000
Total assets under management
$3,000,000,000USD
Total assets under management
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Products

Savings accounts
tick Yes
Savings accounts
cross No
Loans
tick Yes
Loans
cross No
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
tick Yes
Pro exchange marketplace
tick Yes
Peer to peer exchange
tick Yes
Peer to peer exchange
cross No
Margin trading
tick Yes
Margin trading
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
tick Yes
Futures exchange
tick Yes
Futures exchange
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Security

Insurance level
$285,000,000USD
Insurance level
$300,000,000USD
Cold storage
tick Yes
Cold storage
tick Yes
Two factor authentication
tick Yes
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
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Support

24/7 support
tick Yes
24/7 support
Email support
cross No
Email support
cross No
Phone support
cross No
Phone support
cross No
Chat support
tick Yes
Chat support
tick Yes
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Fees

Maker fee
0%
Maker fee
0%
Taker fee
0%
Taker fee
0%
Fiat deposit fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 3.5% for others.
Fiat deposit fee
tick Free
Fiat withdrawal fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 2.5% for others.
Fiat withdrawal fee
tick Free
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
Crypto withdrawal fee
Varies by currency. 0.0005 BTC for Bitcoin.
Crypto withdrawal fee
Network transaction fee varies by network
Crypto wallet withdrawal limit
Up to 100 BTC per day for verified accounts
Crypto wallet withdrawal limit
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Registrations & Regulation

Know your customer
tick Yes
Know your customer
tick Yes
Georgia - Seller of Payment Instructions
Georgia - Seller of Payment Instructions
tick Yes
Idaho - Department of Finance - Money Transmitter License
Idaho - Department of Finance - Money Transmitter License
tick Yes
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
tick Yes
Kansas - Office of the State Bank Commissioner - Money Transmitter License
Kansas - Office of the State Bank Commissioner - Money Transmitter License
tick Yes
Maryland - Money Transmitter License
Maryland - Money Transmitter License
tick Yes
Minnesota - Department of Commerce - Money Transmitter License
Minnesota - Department of Commerce - Money Transmitter License
tick Yes
North Carolina - Money Transmitter License
North Carolina - Money Transmitter License
tick Yes
Nebraska - Money Transmitter License
Nebraska - Money Transmitter License
tick Yes
New Hampshire - Banking Department - Money Transmitter License
New Hampshire - Banking Department - Money Transmitter License
tick Yes
New Jersey - Money Transmitter License
New Jersey - Money Transmitter License
tick Yes
Ohio - Money Transmitter License
Ohio - Money Transmitter License
tick Yes
Oregon - Division of Financial Regulation - Money Transmitter License
Oregon - Division of Financial Regulation - Money Transmitter License
tick Yes
Puerto Rico - Money Transmitter License
Puerto Rico - Money Transmitter License
tick Yes
Rhode Island - Currency Transmitter License
Rhode Island - Currency Transmitter License
tick Yes
South Carolina - Money Transmitter License
South Carolina - Money Transmitter License
tick Yes
Tennessee - Money Transmitter License
Tennessee - Money Transmitter License
tick Yes
Washington - Money Transmitter License
Washington - Money Transmitter License
tick Yes
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
tick Yes
Alabama - Sale of Checks License
Alabama - Sale of Checks License
tick Yes
Alaska - Money Transmitter License
Alaska - Money Transmitter License
tick Yes
Arizona - Money Transmitter
Arizona - Money Transmitter
tick Yes
Arkansas - Money Transmission License
Arkansas - Money Transmission License
tick Yes
Delaware - Sale of Checks and Transmission of Money
Delaware - Sale of Checks and Transmission of Money
tick Yes
District of Columbia - Money Transmitter License
District of Columbia - Money Transmitter License
tick Yes
Florida - Money Transmitters Part II
Florida - Money Transmitters Part II
tick Yes
Iowa - Money Services License
Iowa - Money Services License
tick Yes
Louisiana - Money Transmitter License
Louisiana - Money Transmitter License
tick Yes
Maine - Money Transmitter License
Maine - Money Transmitter License
tick Yes
Michigan - Money Transmitter License
Michigan - Money Transmitter License
tick Yes
New Mexico - Money Transmission License
New Mexico - Money Transmission License
tick Yes
North Dakota - Money Transmitter License
North Dakota - Money Transmitter License
tick Yes
Oklahoma - DOB Money Transmission License
Oklahoma - DOB Money Transmission License
tick Yes
South Dakota - Money Transmitter License
South Dakota - Money Transmitter License
tick Yes
Texas - DOB Money Transmitter License
Texas - DOB Money Transmitter License
tick Yes
Virginia - Money Order Seller and Money Transmitter License
Virginia - Money Order Seller and Money Transmitter License
tick Yes
West Virginia - Money Transmitter License
West Virginia - Money Transmitter License
tick Yes
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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