Wondering whether to choose Bittrex or Binance as your cryptocurrency exchange? In this guide, we’ll compare Bittrex vs Binance head-to-head to help you decide which platform is best for you.
Overview of Bittrex and Binance
What is Bittrex?
Bittrex is a US-based Bitcoin exchange founded in 2013 in Seattle, Washington. It was one of the earliest cryptocurrency exchanges in the US and complies with FinCEN regulations. The platform supports trading on over 250 cryptocurrencies and serves more than 500,000 active users.
What is Binance?
Binance, launched in 2017, is the world’s largest cryptocurrency exchange by trading volume. Originally based in China, it now operates globally with platforms like Binance.US for American traders. Binance offers 500+ cryptocurrencies, including proprietary tokens like BNB, and boasts 13.5 million users.
Key Differences Between Bittrex and Binance
Supported Cryptocurrencies
- Bittrex: 250+ coins
- Binance: 500+ coins (Binance.US offers 50)
Trading Features
- Bittrex: Spot trading only
- Binance: Margin trading (up to 10x leverage), futures, options, and leveraged tokens
Fees Comparison
| Fee Type | Bittrex | Binance |
|-------------------|---------|---------|
| Spot Trading | 0.35% | 0.10% |
| Instant Buy/Sell | 3% | 1.5% |
| Deposits/Withdrawals | Free | Free |
👉 Compare trading fees in detail
Pros and Cons
Bittrex
Pros:
- US-based with strong compliance
- No minimum deposit
- Simple interface
Cons:
- No derivatives trading
- Outdated mobile app
Binance
Pros:
- Low trading fees (0.1%)
- Advanced trading tools (futures, margin)
- High liquidity
Cons:
- Regulatory scrutiny in the US
- Limited coins on Binance.US
User Experience
Mobile Apps
- Bittrex: Basic functionality, frequent login authentication required.
- Binance: Sleek design with "Lite" and "Pro" modes for all skill levels.
Trading Platforms
- Bittrex: Customizable layouts, trailing stops.
- Binance: More markets but fewer customization options.
Security and Regulation
- Bittrex: Complies with US laws but lacks formal regulation.
- Binance: Operates globally but faces ongoing investigations.
Alternatives: eToro
While Binance excels in crypto diversity and Bittrex offers US compliance, eToro stands out for its social trading features and multi-asset support.
Why eToro?
- Copy trading & social network
- Regulated in multiple jurisdictions
- Integrated crypto wallet
| Feature | eToro | Bittrex | Binance |
|--------------|-------------|---------|---------|
| Trading Fee | 0.9%-2.9% | 0.35% | 0.10% |
| Withdrawal | $5 | Free | Free |
FAQs
How much money do I need to start trading crypto?
Most exchanges have no minimum deposit, but eToro requires $50–$200.
Can I buy Bitcoin with PayPal?
Yes, via platforms like eToro or Coinbase.
Do I need a crypto wallet?
Exchanges provide wallets, but hardware wallets (e.g., Ledger) are safer for long-term storage.
What is BNB?
Binance Coin (BNB) is Binance’s native token, offering trading fee discounts.
Is Binance regulated?
Binance operates globally but lacks centralized regulation.
Is Bittrex regulated?
It complies with US laws but isn’t formally regulated.
Final Verdict
- Binance is best for low fees and advanced traders.
- Bittrex suits US users prioritizing compliance.
- eToro wins for beginners with its social tools and multi-asset platform.