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Home Platforms Binance vs PancakeSwap

Compare Binance vs PancakeSwap

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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 PancakeSwap (94% vs 66%)
tick More reviews than PancakeSwap (169,324 vs 353 reviews)
tick Higher rating on Trustpilot than PancakeSwap (2.1 vs 1.8 stars)
tick Been in business longer than PancakeSwap (Founded 2017 vs 2020)
tick Offers loans but PancakeSwap doesn't
tick Fiat exchange available on Binance but not on PancakeSwap
tick Offers corporate accounts but PancakeSwap doesn't
tick Instantly buy crypto with fiat on Binance but not on PancakeSwap
tick Integrated crypto wallet available on Binance but not on PancakeSwap
tick Binance uses cold storage crypto wallets but PancakeSwap does not
tick Has 24/7 support but PancakeSwap doesn't
tick Has a higher maker fee than PancakeSwap
tick Has a higher taker fee than PancakeSwap
tick Interface supports Bulgarian, Argentinian-Spanish, Latvian, Czech, Hebrew, Slovenian, Mexican Spanish, Ukrainian Russian, Chilean Spanish, Peruvian Spanish, Colombian Spanish and Urdu whereas PancakeSwap doesn't
tick $2,327,685,233 USD currently invested (TVL)
tick PancakeSwap is decentralised, but Binance is not
tick Know your customer checks are required on PancakeSwap but not on Binance
tick Interface supports Korean, Finnish, Dutch, Hungarian, Ukrainian, German, Tamil and Bengali whereas Binance doesn't
cross Headquarters location and license status unclear
cross Fiat withdrawls not available in some countries due to regulatory reasons
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Reviews

94% based on 169,324 reviews
66% based on 353 reviews
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Staking Rates

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

Automatic market maker
Automatic market maker
tick Yes
Legal name
Binance UAB
Legal name
Year founded
2017
Year founded
2020
Country incorporated in
135
Country incorporated in
Headquarters country
135
Headquarters country
Platform token
BNB
Platform token
PancakeSwap
Decentralised
cross No
Decentralised
tick Yes
Open source
Open source
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
Non-custodial
Non-custodial
tick Yes
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Products

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

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

24/7 support
tick Yes
24/7 support
cross No
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
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
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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Investment Strategy

Liquidity pools
Liquidity pools
tick Yes
DeFi products
DeFi products
tick Yes
Unsecured loans
Unsecured loans
cross No
Independent proof of reserves
Independent proof of reserves
cross No
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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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