Binance vs Robinhood: Features, Fees & More (2024) (2024)

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Want to instantly compare Binance vs Robinhood & see which cryptocurrency exchange takes the top spot? Take advantage of this comprehensive Cryptocurrency Exchange Comparison Tool and see which brand wins!

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Binance vs Robinhood - Comparison at a Glance

To represent the data of Binance vs Robinhood comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. For an instant Binance vs Robinhood main metric comparison at a glance, take a look at the general overview table below.

Binance vs Robinhood cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while Robinhood gathered an overall score of 6.0. If we look at the ease of use, it’s clear that in this Binance vs Robinhood comparison, Binance has better & smoother user experience than Robinhood.

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Main score based on expert evaluations & real user reviews.

For which purpose or what kind of people is the crypto exchange most useful.

The countries in which the cryptocurrency exchange is available for operation.

Final crypto exchange evaluation conclusion based on research, expert opinions & user feedback.

Binance vs Robinhood: Features, Fees & More (2024) (8)

BINANCE

Binance vs Robinhood: Features, Fees & More (2024) (9)

ROBINHOOD

Overall Score

9.8

6.0

Best For

Buying, trading, and holding a wide variety of cryptocurrencies Beginner Traders

Operating Countries

Turkey, Russia, Argentina, Vietnam, Ukraine, + 40 more United States, India, Canada, Puerto Rico, Philippines, +more

Verdict

One of the leading crypto exchange platforms in the industry. A great investing platform, but a poor option for trading cryptocurrencies.
Visit site Read review See TOP10 Brands Read review

Binance vs Robinhood In-depth Feature Breakdown Comparison

Analyze all the most important metrics of your chosen cryptocurrency exchange brands & compare the fact-checked data side by side with his extensive Binance vs Robinhood comparison chart. Simply browse the information below & get answers to all of your crypto exchange questions!

Compare Other Crypto Exchanges

The main advantages of a certain crypto exchange.

The main disadvantages of a certain crypto exchange.

Score based on the quality & advantages you get for a certain price.

Score based on genuine user reviews & opinions about the crypto exchange.

How easy & intuitive it is to use a certain crypto exchange.

Most popular hand-picked deals & coupons.

The total number of current users in each cryptocurrency exchange platform.

Amount of cryptocurrencies that are accepted in a certain cryptocurrency exchange.

What kind of fiat currencies are accepted in a certain cryptocurrency exchange.

Whether or not the cryptocurrency exchange has integrated tools to help you analyze your performance.

Whether or not the cryptocurrency exchange has a functioning mobile app.

Level of security & safety offered by a certain cryptocurrency exchange.

Whether or not the cryptocurrency exchange offers an opportunity for investors to observe the trading behavior of their peers.

Whether or not the cryptocurrency exchange allows you to directly copy the positions taken by another trader and connect a part of your portfolio with theirs.

What kind of unique additional features are offered by a certain cryptocurrency exchange.

Whether or not the cryptocurrency exchange allows their users to remain anonymous.

The biggest amount that a certain cryptocurrency exchange allows to be fluctuated in one trading session.

The fee that you'll have to pay to a certain exchange for withdrawing your earnings from your account.

The fee that you'll have to pay to a certain exchange for each trade that you perform on the platform.

Whether or not the cryptocurrency exchange accepts payments via MasterCard.

Whether or not the cryptocurrency exchange accepts payments via bank wire transfer.

Whether or not the cryptocurrency exchange accepts payments via debit or credit card.

Full legal business name of the cryptocurrency exchange.

The location where the cryptocurrency exchange company is based.

The year when the cryptocurrency exchange was established.

Binance vs Robinhood: Features, Fees & More (2024) (10)

BINANCE

Binance vs Robinhood: Features, Fees & More (2024) (11)

ROBINHOOD

Pros

  • A very well-known crypto exchange platform
  • More than 500 different cryptos available
  • Two-factor authentication
  • P2P trading option
  • Emphasis on security and KYC
  • Supports fiat-crypto acquisitions
  • Beginner-friendly
  • No commissions on trades
  • A reliable investing platform

Cons

  • Might be a bit difficult for beginners
  • Registration can prove to be a hassle
  • Only available for US residents
  • You can't transfer your crypto assets anywhere else
  • Not primarily a crypto exchange

Value For Money

Customer Support

|

|

|

|

|

Very Poor

Average

Excellent

|

|

|

|

|

Very Poor

Average

Excellent

Ease of Use

Latest Coupons

CLAIM $600 REWARD

All Binance Coupons
See All Coupons of Best Exchanges
Stats

Active Users

128M 12M

Acceptable Crypto Currencies

1. BTC
2. ETH
3. LTC
4. XRP
+ 350 more
1. BTC
2. ETH
3. DOGE
+ 10 more

Fiat Currency Trading

USD/EUR + more USD
Features

Analytical Tools

Mobile App

Security

|

|

|

|

|

Very Poor

Average

Excellent

|

|

|

|

|

Very Poor

Average

Excellent

Social Trading

Copy Trading

Additional Features

A Comprehensive User Center that Displays All The Information You Need in One Place Investing in Stocks

Anonymity

Pricing

Maximum Trading Amount (Daily)

- -

Withdrawal Fees

3.50% (min. $10.00)

Trading Fees

0.10%
Payment Methods

MasterCard

Wire Transfer

Card

Company’s info

Full Company Name

Binance Robinhood

Headquarters

Malta US

Year of Origin

2017 2013

Check Official Website

Visit site Read review See TOP10 Brands Read review

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Binance vs Robinhood Comparison Result Analysis

Value for money is one of the most important metrics that one should take into account while comparing cryptocurrency exchanges, as it shows whether the brand offers acceptable quality compared to the price. In this case, Binance has a higher value for money score than Robinhood.

It’s also very useful to look at the number of active users. Clearly, if comparing Binance vs Robinhood, the bigger active user base is gathered by Binance with around 128M users. Whereas Robinhood has around 12M active users. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Binance has a higher number of acceptable crypto than Robinhood.

It’s also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Binance vs Robinhood comparison, it’s clear that Binance has the lowest trading fee percentage of 0.10%, while the second place goes to Robinhood with a fee of .

Comparison Summary

The Binance vs Robinhood online crypto exchange comparison tool revealed that Binance has better features & higher in-depth evaluation scores than Robinhood.

But when comparing these brands to the whole crypto exchange market, Binance takes the lead as the best-rated online crypto exchange among its competitors and is a more suited choice for you.

So, what do you think about the layout of the exchange? Does Binance have the cryptocurrency that you want to buy?

Let me know if you enjoyed my Binance exchange review!

Read Full Binance Review

Best User Reviews of Compared Crypto Exchanges

M

Margot234

4.8/5.0 - Binance User

July 8, 2024

Low fees

I was very happy with the low trading fees and security they offer, but still feel that more info could be provided for beginner traders

R

RJ

4.8/5.0 - Binance User

August 26, 2024

Almost perfect!

Overall great platform! I would even say perfect aside from the hassle with depositing funds. I wish they made some changes and improved customer experience in that sense.

HL

HECTOR LEWIS

5.0/5.0 - Robinhood User

August 8, 2024

BitDegree knows what they're doing

This post is a must-read for anyone interested in wallets and exchanges in general.

Read All Binance User Reviews

Binance vs Robinhood: Features, Fees & More (2024) (12)

BINANCE

Binance vs Robinhood: Features, Fees & More (2024) (13)

COINBASE

9.8

VS

9.1

Compare

Binance vs Robinhood: Features, Fees & More (2024) (14)

BINANCE

Binance vs Robinhood: Features, Fees & More (2024) (15)

KUCOIN

9.8

VS

8.6

Compare

Binance vs Robinhood: Features, Fees & More (2024) (16)

BINANCE

Binance vs Robinhood: Features, Fees & More (2024) (17)

KRAKEN

9.8

VS

9.4

Compare


How Is This Binance vs Robinhood Comparison Created?

Binance vs Robinhood: Features, Fees & More (2024) (18)

1. We Collect

The data represented in this Binance vs Robinhood crypto exchange comparison is fact-based & collected from trusted, verified sources only. In this way we make sure that the reader’s decision is measured & based on real facts.

Binance vs Robinhood: Features, Fees & More (2024) (19)

2. We Examine

To filter out the gathered data, our researchers examine & analyze it by using data science methods. Whether it’s user feedback, service features or pricing, everything passes through our strict review process in order to filter out false info & advertising claims.

Binance vs Robinhood: Features, Fees & More (2024) (20)

3. We Score

In order for this Binance vs Robinhood cryptocurrency exchange comparison to help you easily decide which brand is the best, each feature is represented with a score, a grading system or in any other commonly understandable format.

Binance vs Robinhood: Features, Fees & More (2024) (21)

4. You Choose

When the gathered data is aggregated, analyzed & put into a comprehensive chart, it’s your time to browse it and choose the best cryptocurrency exchange according to your preferences. But always make sure to know your crypto goals first!

FAQ

Which features are the most important in this Binance vs Robinhood cryptocurrency exchange comparison?

The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you're looking for specific features, these evaluation points might be less important to you than others.

Which features are the most important in this :versusTitle cryptocurrency exchange comparison?

The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you're looking for specific features, these evaluation points might be less important to you than others.

Which features are the most important in this :versusTitle cryptocurrency exchange comparison?

The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you're looking for specific features, these evaluation points might be less important to you than others.

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

Binance vs Robinhood: Features, Fees & More (2024) (22)

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Binance vs Robinhood: Features, Fees & More (2024) (23)

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Earn Huge Exclusive Binance Learners Rewards

5.0 Rating

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Binance vs Robinhood: Features, Fees & More (2024) (2024)

FAQs

Binance vs Robinhood: Features, Fees & More (2024)? ›

Binance vs Robinhood Comparison Result Analysis

Does Binance have high fees? ›

Binance.US deducts a 25% to 35% service fee from earned staking rewards, which is reflected in the estimated rewards rate for each staking asset. Our standard service fee is 25% for ETH; 30% for ADA, ATOM, DOT, SOL, and XTZ; and, up to 35% for other assets.

What are the new trading fees on Binance? ›

At a Glance
Cryptocurrency Exchange PlatformsBinance
Main platform featuresLow fees, comprehensive charting options, and hundreds of cryptocurrencies
Fees0.10% spot-trading fees, 4.5% debit card purchases
4 more rows

How much does Robinhood charge fees for crypto? ›

Robinhood Crypto does not charge commission fees for trading crypto. We do generate revenue through volume rebates from trading venues. For example, for every $100 of notional value for executed crypto orders, Robinhood receives $0.49 in rebates from its trading venues. *No commission on trades of crypto.

Which crypto exchange is best in the USA? ›

  1. Coinbase. Best Overall. ...
  2. Kraken. Best for low trading fees. ...
  3. Crypto.com. Best for crypto rewards. ...
  4. Gemini. Best for security. ...
  5. Binance.US. Best for experienced traders. ...
  6. Robinhood. Best for stocks & crypto. ...
  7. eToro. Best for social trading.

What are the hidden fees on Binance? ›

Does Binance charge transaction fees? Binance charges a 0.1% fee for trading on the platform as well as a 0.5% fee for Instant Buy/Sell, so your actual fee amount will depend on the amount of the trade. The higher the transaction, the higher the fee.

Why is it so expensive to withdraw from Binance? ›

Binance charges a network fee for each withdrawal to cover the transaction costs on the blockchain. The fee amount is determined by the blockchain network and can change based on network congestion. When you initiate a withdrawal, Binance will display the fee amount before you confirm the transaction.

What is the withdrawal fee for Binance? ›

Withdrawal fees on Binance vary depending on the coin type. For Bitcoin (BTC), the withdrawal fee is 0.0005 BTC. For Ethereum (ETH), the withdrawal fee is 0.01 ETH. And for Tether (USDT), the withdrawal fee is 20 USDT.

How much commission does Binance charge? ›

Binance has significantly lower fees than Coinbase. On most trades, the platform levies a 0.10% fee. For bank transactions, it charges 0.10 percent, and for all credit or debit card purchases, it charges up to 2.10 percent.

How to reduce Binance fees? ›

Use Binance Coin (BNB) to pay transaction fees

Binance users can choose to use BNB (Binance Coin) to pay transaction fees. Using BNB to pay transaction fees can enjoy a fee discount. Usually, the discount rate for using BNB to pay transaction fees is 25%, but this ratio will be adjusted according to Binance's policies.

Who has better fees, Coinbase or Robinhood? ›

Coinbase vs Robinhood: Fees

With Coinbase Pro, trading fees start at a 0.60% taker fee and 0.40% maker fee. As for Robinhood, the company claims it offers commission-free crypto trading. However, this doesn't mean you don't pay trading fees.

What percentage does Robinhood take? ›

Does Robinhood have fees? Robinhood charges zero commissionfor US stock, options and crypto trading. However, Robinhood provides further services which are not free of charge.

Which crypto will skyrocket in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Solana (SOL)$62.688 million$133.91
Ripple (XRP)$31.963 billion$0.567
Dogecoin (DOGE)$15.525 billion$0.106
Cardano (ADA)$12.821 billion$0.356
6 more rows
5 days ago

Which is the safest crypto exchange? ›

The Bottom Line

If you're looking to trade on a highly secure, regulated crypto exchange that offers a large number of supported cryptocurrencies, Gemini is your go-to choice. If, instead, you're looking to trade a wide range of new and small-cap crypto tokens, BitMart is arguably the best choice.

Which crypto platform has the lowest fees? ›

Best Low Fee Cryptocurrency Exchanges
ExchangeMaker FeeTaker Fee
1. BinanceRead More0.1%-0.02%0.1%-0.04%
2. BitgetRead More0.1%0.1%
3. BitMexRead More0.02%-0.01%0.075%-0.0175%
4. ByBitRead More0.1%- 0.0005%0.1%-0.02%
6 more rows
Aug 20, 2024

Does Binance or Coinbase have higher fees? ›

Analysing this metric in this Binance vs Coinbase comparison, it's clear that Coinbase has the lowest trading fee percentage of Up to 3.99%, while the second place goes to Binance with a fee of 0.10%.

Is Binance costly? ›

On Binance, deposits for cryptocurrencies are typically free, although network fees may apply when transferring from an external wallet. Trading fees generally start at 0.1% for both makers and takers, with potential discounts for high-volume traders or those using Binance Coin (BNB).

How do I pay less fees on Binance? ›

Log in to your Binance.US account and then navigate to the Fees page. Scroll down and find the Use BNB to pay for fees, enjoy 5% off toggle. When the toggle switch is green and to the right, your fees will be paid in BNB.

Does Binance have the lowest fees? ›

Maker (who places the buy and sell order) and Taker (who accepts the orders) fees vary from 0.075% to 0.0525%, making Binance one of the most competitive platforms in terms of trading fees. Among the exchanges we are comparing here, on average, Binance's fees are the lowest.

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