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Binance.com vs. Poloniex.com – Trading Sites Direct Comparison
Warning
Warning
Trading:
Trading
Cryptocurrency spot market exchange & Bitcoin-settled cryptocurrency CFDs
Trading
"Real "crypto trading (actual crypto purchase)
Pro:
- Low fees
- 25% fee discount when using BNB
- More than 200 altcoins tradeable
- Altcoin deposits & withdrawals
- Fiat money supported
- Altcoin margin trading
- Bitcoin Futures trading
- Stable mobile apps
- Anonymous accounts with a generous limit (2 BTC/day)
- KYC only for higher limits
- High yield interest account
- Cryptocurrency lending
- many altcoins tradable
- margin trading altcoins
- high liquidity
Contra:
- USA banned on Binance.com (Binance.US is for US traders)
- Visa card only for European residents
- Hacked in 2019
- tends to load slowly compared to others
- no advanced order types
- pump and dump culture
- poor support
- has been hacked in 2014
Anonymous Accounts:
Anonymous Accounts
yes
Anonymous Accounts
yes
Cryptocurrencies:
Cryptocurrencies
Bitcoin and more than 200 altcoins.
Cryptocurrencies
BTC, ETH, ETC, DASH, XMR, XRP, LTC and about 50+ other altcoins
Fees:
Fees
Deposit:
No
Cash Out:
Yes
Trading:
0.1%
No
Cash Out:
Yes
Trading:
0.1%
Fees
Deposit:
No
Cash Out:
No
Trading:
0.0% to 0.25%
No
Cash Out:
No
Trading:
0.0% to 0.25%
Minimum deposit:
Minimum deposit
no
Minimum deposit
no minimum stated
Maximum withdrawal:
Maximum withdrawal
2 BTC (unverified); 50 BTC (verified).
Maximum withdrawal
BTC equivalent of $25,000 USD daily
(only with level 2 verification with Photo ID)
BTC equivalent of $2,000 USD daily
(level 1 verification)
Payment options:
Payment options
Cryptocurrencies, Fiat Money
Payment options
BTC + supported cryptocurrencies,
USDT
Leverage:
Leverage
125x
Leverage
100x
Other Assets:
Other Assets
currencies
Other Assets
none
Security measures:
Security measures
2FA,
connection history,
platform customly built
Security measures
2-factor authentication; No more details, but it's said to be excellent since the small hack in 2014
Customer support:
Customer support
ticket system (fastest),
telegram group,
reddit channel,
Twitter
Customer support
poor support
Mobile App:
Mobile App
yes - iOS & Android
Mobile App
no in-house app
Headquarters:
Headquarters
Hong Kong
Headquarters
San Francisco, California
About Binance.com:
Contents About the Company Trading Products Cryptocurrency Exchange Margin Trading Futures – 125x Crypto Lending Savings Accounts Binance Visa Debit […] Read Binance.com Review »
About Poloniex.com:
The use of leverage on Poloniex is not allowed for citizens of certain jurisdictions, such as from the UK, the […] Read Poloniex.com Review »