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Home Platforms Binance vs Concentrator

Compare Binance vs Concentrator

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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 Been in business longer than Concentrator (Founded 2017 vs 2022)
tick 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 Concentrator doesn't
tick $48,045,298 USD currently invested (TVL)
tick Concentrator is decentralised, but Binance is not
tick Know your customer checks are required on Concentrator but not on Binance
cross Headquarters location and license status unclear
cross Fiat withdrawls not available in some countries due to regulatory reasons
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Staking Rates

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

Legal name
Binance UAB
Legal name
Year founded
2017
Year founded
2022
Country incorporated in
135
Country incorporated in
Headquarters country
135
Headquarters country
Platform token
BNB
Platform token
Decentralised
cross No
Decentralised
tick Yes
Number of employees
4000
Number of employees
Number of users
29,000,000
Number of users
Total assets under management
$3,000,000,000USD
Total assets under management
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Products

Savings accounts
tick Yes
Savings accounts
Loans
tick Yes
Loans
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
Pro exchange marketplace
tick Yes
Pro exchange marketplace
Peer to peer exchange
tick Yes
Peer to peer exchange
Margin trading
tick Yes
Margin trading
Corporate accounts
tick Yes
Corporate accounts
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
Integrated crypto wallet
tick Yes
Integrated crypto wallet
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
Fast account verification
tick Yes
Fast account verification
Futures exchange
tick Yes
Futures exchange
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Security

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

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

Maker fee
0%
Maker fee
Taker fee
0%
Taker fee
Fiat deposit fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 3.5% for others.
Fiat deposit fee
Fiat withdrawal fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 2.5% for others.
Fiat withdrawal fee
Crypto deposit fee
tick Free
Crypto deposit fee
Crypto withdrawal fee
Varies by currency. 0.0005 BTC for Bitcoin.
Crypto withdrawal fee
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
cross No
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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.

Why Compare With Definda?

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We always rank and compare products objectively and impartially.

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We carefully research products for legitimacy before adding them to the platform.

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