Bitcoiva vs Binance: Fees, Coins, Safety Comparison
| Feature | Bitcoiva | Binance |
|---|---|---|
Overall |
2.4 |
4.8 |
1 |
4.5 |
|
2.7 |
4.8 |
|
3.0 |
5.0 |
|
Investment Instruments |
1.8 |
4.7 |
Platforms and Charting Tools |
2.4 |
4.9 |
Deposit and Withdrawal |
2.9 |
4.7 |
Research |
2.7 |
4.6 |
Education |
2.3 |
4.8 |
Support |
2.4 |
4.8 |
Bonuses |
2.4 |
4.2 |
|
Your capital is at risk.
|
Bitcoiva vs Binance: Pros and Cons
The Bitcoiva exchange is a platform for spot trading with cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat pairs. There is also an integrated direct purchase service of cryptocurrency for fiats as well as a quick assets exchange service on the platform. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Bitcoin Cash, and other popular cryptocurrencies and coins are traded on the exchange. Only Indian rupees (INR) are represented in the range of fiats. The exchange has a single-tier referral program with bonus payments to the client and the invitee. There is no investment program yet, but Bitcoiva plans to launch a staking program soon. Trade commissions are fixed and don’t depend on the trade volumes but are distinguished by assets. Commissions are 0.25% on average for maker and taker.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| Bitcoiva | Binance | |
|---|---|---|
| Overall Pros | you can trade all the most popular cryptocurrencies and coins on the exchange; | Trading With Leverage up to 1:100 |
| there are no restrictions on trading strategies or significant limits; | Low Trading and Non-Trading Fees | |
| no deposit fees; trading commissions are on market average; | 10+ Account Fiat Currencies + 50 Crypto | |
| a profitable referral program with beneficial bonuses; | Derivatives, NFT, ETF are Available | |
| high level of protection for users’ funds; | Indicators are Available | |
| simple and convenient trading terminal interface in browser; | Passive Income With Staking and Mining Pool | |
| the exchange offers mobile trading on iOS and Android; | Strong Research | |
| in addition to spot trading, there is instant exchange and purchase; | ||
| a wide selection of deposit and withdrawal methods; | ||
| Overall Cons | only Indian rupees are represented as fiat. | No tier-1 regulation |
| no demo accounts for training; | ||
| the exchange is young, there are no detailed statistics. |
Bitcoiva vs Binance: Safety and Regulation
| Regulated By: | Bitcoiva | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
Bitcoiva vs Binance: Trading Conditions
| Trading Conditions | Bitcoiva | Binance |
|---|---|---|
Minimum Deposit |
0.0001 BTC |
$1 |
Trading Platforms |
TradingView |
Binance |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
328+ |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, INR |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
Bitcoiva vs Binance: Fees
Trading Fees
| Fee | Bitcoiva | Binance |
|---|---|---|
Max Maker |
0 |
0.1% |
Max Taker |
0 |
0.1% |
Min Maker |
0 |
0.012% |
Min Taker |
0 |
0.024% |
Debit/Credit Card Purchase Fee |
0 |
0.01 |
Futures Trading fees
| Fee | Bitcoiva | Binance |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.04% |
Min Maker |
Not supported |
0 |
Min Taker |
Not supported |
0 |
Non-Trading Fees
| Fee | Bitcoiva | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
0.0001 |
BTC Withdrawal Fee |
0.0007 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
Bitcoiva vs Binance: Trading Assets
| Asset Name | Bitcoiva | Binance |
|---|---|---|
Overall |
328+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
Bitcoiva or Binance: Investment Programs
| Asset Name | Bitcoiva | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Binance or Bitcoiva
| Bitcoiva | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Binance or Bitcoiva
| Bitcoiva | Binance | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or Bitcoiva
| Bitcoiva | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or Bitcoiva
| Bitcoiva | Binance | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or Bitcoiva
| Bitcoiva | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
Bitcoiva vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bitcoiva | Binance |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Bitcoiva vs Binance: Research
| Research Type | Bitcoiva | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
Bitcoiva vs Binance: Education
| Education Type | Bitcoiva | Binance |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs Bitcoiva: Support
| Support Features | Bitcoiva | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
No |
Telegram |
Bitcoiva vs Binance: Crypto Bonuses and Promo
| Promo | Bitcoiva | Binance |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
VIP1 – payments 50%, the requirement is to trade volume from ₿100 in 30 days, VIP2 – payments 60%, the requirement is to trade volume from ₿300 in 30 days, VIP3 – payments 70%, the requirement is to trade volume from ₿500 in 30 days, VIP4 – payments 100%, the requirement is to trade volume from ₿1000 in 30 days. |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on Bitcoiva
-
Comment
I worked with Bitcoiva for several years, at first there were no problems or disputes, I just traded and withdrew profits. But one day I couldn't get into my account. And he couldn't prove anything. Here is my story...
-
Comment
Terrible company. Do not try to work with Bitcoiva. Funds are not withdrawn. If you are in profit, then the withdrawal request may hang for a week. In support, you ask about the application, but they don’t even want to figure it out, they are not interested in either the account number or the date the application was sent. They say wait...
-
Comment
Recently, I have been paying more attention to companies from the Asian region, as the cryptocurrency market is developing more actively there, and profitable offers appear more often. I have been working on the Bitcoiva exchange for the third month. This is an Indian company that has recently entered the digital market but is already competing with top crypto exchanges. I especially like the wide range of tokens because you can trade contracts paired with cryptocurrencies and fiat currencies. It's bad that fiat pairs are only based on the Indian rupee. I withdraw money to a crypto wallet. There are no problems with payments, which is very important.
-
Comment
I never stay long on one crypto exchange. The conditions are similar almost everywhere, so I prefer to choose from those that provide safe trading. I benefit from changing companies because from time to time tempting offers frequently appear elsewhere. At Bitcoiva, for me, it was its exchange token, which was advertised in such a way that trading volumes for it began to grow right before my eyes. I think that Bitcoiva is of particular interest for long-term investments since now it can be bought at a price slightly above 30 USD.
-
Comment
Bitcoiva has everything you need to profitably trade cryptocurrencies. I am satisfied with its low brokerage commissions, the size of which is the same for everyone. Many consider it unfair when there are no discounts on maker fees, but I, on the contrary, like it. Where there is separation, the taker commission is usually high, and I am more likely to act as a buyer, therefore, this will be a minus for me. I think that one more drawback is that unregistered users cannot communicate with the support service. There were questions about trading conditions, and to get answers, I had to create an account. It’s good that everything suited me, and I didn’t waste my time in vain.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.