Pros & Cons |
|
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 SyncSwap
(Founded 2017 vs 2022)
Offers loans but SyncSwap doesn't
Fiat exchange available on Binance but not on SyncSwap
Pro exchange marketplace available on Binance but not on SyncSwap
Margin trading available on Binance but not on SyncSwap
Futures exchange available on Binance but not on SyncSwap
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 SyncSwap doesn't
|
Built on a promising zk-based Layer2 network
SyncSwap is decentralised, but Binance is not
Know your customer checks are required on SyncSwap but not on Binance
Has phone support but Binance doesn't
|
|
|
|
|
Headquarters location and license status unclear
Fiat withdrawls not available in some countries due to regulatory reasons
|
|
|
|
Staking Rates |
|
The table below compares the staking rates for Binance and SyncSwap.
|
|
|
|
Company |
|
Automatic market maker
|
Automatic market maker
Yes
|
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
No
|
Decentralised
Yes
|
Open source
|
Open source
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
|
|
|
Products |
|
Savings accounts
Yes
|
Savings accounts
Yes
|
Loans
Yes
|
Loans
No
|
Crypto to crypto exchange
Yes
|
Crypto to crypto exchange
Yes
|
Fiat to crypto exchange
Yes
|
Fiat to crypto exchange
No
|
Pro exchange marketplace
Yes
|
Pro exchange marketplace
No
|
Peer to peer exchange
Yes
|
Peer to peer exchange
Yes
|
Margin trading
Yes
|
Margin trading
No
|
Corporate accounts
Yes
|
Corporate accounts
|
Instantly buy crypto with fiat
Yes
|
Instantly buy crypto with fiat
|
Integrated crypto wallet
Yes
|
Integrated crypto wallet
|
Crypto withdrawals to private wallet
Yes
|
Crypto withdrawals to private wallet
|
Fast account verification
Yes
|
Fast account verification
|
Futures exchange
Yes
|
Futures exchange
No
|
Chain agnostic
|
Chain agnostic
No
|
|
|
Security |
|
Insurance level
$285,000,000USD
|
Insurance level
|
Cold storage
Yes
|
Cold storage
|
Two factor authentication
Yes
|
Two factor authentication
|
Credit check
No
|
Credit check
No
|
|
|
Support |
|
24/7 support
Yes
|
24/7 support
|
Email support
No
|
Email support
No
|
Phone support
No
|
Phone support
Yes
|
Chat support
Yes
|
Chat support
Yes
|
|
|
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
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
|
|
|
Investment Strategy |
|
Liquidity pools
|
Liquidity pools
Yes
|
DeFi products
|
DeFi products
Yes
|
Unsecured loans
|
Unsecured loans
No
|
|
|
Registrations & Regulation |
|
Know your customer
Yes
|
Know your customer
No
|
|
|
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.