CoinDCX vs Binance: Fees, Coins, Safety Comparison
| Feature | CoinDCX | Binance |
|---|---|---|
Overall |
2.2 |
4.8 |
1 |
4.5 |
|
2.7 |
4.8 |
|
2.8 |
5.0 |
|
Investment Instruments |
2.1 |
4.7 |
Platforms and Charting Tools |
2.4 |
4.9 |
Deposit and Withdrawal |
2.2 |
4.7 |
Research |
2.5 |
4.6 |
Education |
2.1 |
4.8 |
Support |
1.7 |
4.8 |
Bonuses |
2.2 |
4.2 |
|
Your capital is at risk.
|
CoinDCX vs Binance: Pros and Cons
The CoinDCX exchange is a platform for spot, margin, and futures trading using cryptocurrencies and tokens. CoinDCX’s clients have access to Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, AAVE, NEO, PAX, and many other assets. Only Indian rupees are represented as fiat currency. The leverage for the spot is x6 and x20 for margin trading. Fees for trades are determined by the volume of trades. The largest fee is 0.1% for taker/maker. The exchange offers several options for investing in cryptocurrencies, including staking and lending in addition to cryptocurrency trading. There is a referral program with fixed payments for each partner. An exchange feature is its proprietary academy with an extensive database and guides, including video courses on cryptocurrency trading.
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).
| CoinDCX | Binance | |
|---|---|---|
| Overall Pros | the most popular cryptocurrencies and coins are present; | Trading With Leverage up to 1:100 |
| significant leverage for spot and margin; | Low Trading and Non-Trading Fees | |
| all major cryptocurrencies are traded on the exchange; | 10+ Account Fiat Currencies + 50 Crypto | |
| simple and functional TradingView terminal; | Derivatives, NFT, ETF are Available | |
| proprietary applications for mobile trading; | Indicators are Available | |
| low commission fees (up to 0.04/0.06% for maker/taker); | Passive Income With Staking and Mining Pool | |
| several options for investing in cryptocurrency; | Strong Research | |
| convenient investment system with a customizable portfolio; | ||
| high levels of security; | ||
| Overall Cons | only Indian rupees are represented in the range of fiats; | No tier-1 regulation |
| demo accounts are not available; |
CoinDCX vs Binance: Safety and Regulation
| Regulated By: | CoinDCX | Binance |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
Yes |
Spain Regulated |
No |
Yes |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
Yes |
Seychelles Regulated |
No |
No |
Other countries |
India |
OAM (Italy), FIU (Lithuania), Swedish Financial Supervisory Authority, Bank of Spain, AFSA (Kazakhstan), CASP (Bahrain), VARA (Dubai), FIU-IND (India), Bappebti (Indonesia), JFSA (Japan), FSP (New Zealand), Securities and Exchange Commission of Thailand, DASP (El Salvador), CNV (Argentina) |
CoinDCX vs Binance: Trading Conditions
| Trading Conditions | CoinDCX | Binance |
|---|---|---|
Minimum deposit, USD or USDT |
1000 INR |
0 |
Futures leverage |
20 |
100 |
Spot leverage |
6 |
10 |
Supported Coins |
200 |
415 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
1 |
1 |
CoinDCX vs Binance: Fees
| Fee | CoinDCX | Binance |
|---|---|---|
Spot Taker fee |
0,2 |
0,1 |
Spot Maker fee |
0,2 |
0,1 |
Futures Taker fee |
0,07 |
0,05 |
Futures Maker fee |
0,025 |
0,02 |
Deposit fee |
No |
No |
Withdrawal fee |
0,001 BTC |
0-3,5% |
P2P taker fee |
0,2 |
0,1 |
P2P fee rate, maker fee |
0,2 |
0,1 |
CoinDCX vs Binance: Trading Assets
| Asset Name | CoinDCX | Binance |
|---|---|---|
Coins Supported |
200 |
415 |
P2P |
Yes |
Yes |
Perpetual contracts |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
No |
Yes |
Futures |
Yes |
Yes |
CoinDCX or Binance: Investment Programs
| Asset Name | CoinDCX | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
Yes |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: Binance or CoinDCX
| CoinDCX | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Binance or CoinDCX
| CoinDCX | 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 CoinDCX
| CoinDCX | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or CoinDCX
| CoinDCX | 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 CoinDCX
| CoinDCX | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
CoinDCX vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | CoinDCX | Binance |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
CoinDCX vs Binance: Research
| Research Type | CoinDCX | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
CoinDCX vs Binance: Education
| Education Type | CoinDCX | Binance |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs CoinDCX: Support
| Support Features | CoinDCX | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram |
CoinDCX vs Binance: Crypto Bonuses and Promo
| Promo | CoinDCX | Binance |
|---|---|---|
Crypto Bonus |
Bug Bounty program |
No |
Affiliate Program |
Each user who follows this link and actively trades on the exchange will bring you ₮25 (USDT). |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Prefer using Binance because of their low fees. They are the catalyst of low trading costs at a time users are sick of getting burned by high trading fees on platforms like Coinbase. I remember clearly that upon its entry in the market, these platforms all raced to lower their fees because of knowing they will clearly lose market share to this newcomer. Binance has had a 0.1% spot trading fee since the beginning. Because it’s low I never bothered to check if they charge the exact amount in all of my trades, in small or big amounts. I just know that they always offer the best prices for the assets that I trade (I only trade in the spot market) and have an extensive list of tradable tokens. Cheap + flexible… the best one in the crypto market yet.
-
Comment
I like Binance’s trading terminal. It is modern, sleek, and shows relevant information you need for your trades spot on. At the same time, it is not intimidating to navigate around which is a common problem for crypto platforms that prioritize a modem vibe in their UI. It instantly shows the summary of my crypto portfolio, the distribution between assets and the amount, and has the daily PnL (profit and loss) record for the day. This way it is so easy to track which assets performed well in the last 24 hours and which ones lagged behind. I like to hold only a handful of assets for easy traceability of my wins. But even when I add a couple more, it is still uncomplicated to make sense of my stats. Love that crypto is now in a rollercoaster that only goes up and seeing all those greens in my portfolio gives me a great sense of motivation.
-
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.
Top 5 Reviews on CoinDCX
-
Comment
coindcx is a normal crypto broker, although not very popular. It should run an advertising campaign to have more clients. coindcx has something to show. The performance of the platform is something that few companies can boast of. The conditions may not be the most favorable, but they are acceptable. I have already traded with it enough to understand that my choice is right. The broker is honest.
-
Comment
I switched to CoinDCX from another broker, for some reason I decided that this is a great company. As a result: the trading platform works disgustingly, there are hidden commissions when withdrawing money, and in general, the withdrawal takes a long time. I can't say enough good things about this company.
-
Comment
For the CoinDCX company, I can note that it was opened for money laundering in the cryptocurrency market. There are already so many reviews about CoinDCX that it would be simply disrespectful to yourself not to bypass this broker.
-
Comment
Initially, I came to the CoinDCX cryptocurrency exchange for active trading. There is a large selection of digital currencies and tokens, as well as low commissions for makers and takers. However, then I discovered that this company also offers earnings on loans. You can lend digital currencies to your colleagues and get up to 10% interest. Alternatively, CoinDCX also offers staking, but the rate will be lower there. The company expects long-term cooperation with its investors, therefore, it works honestly.
-
Comment
CoinDCX doesn't just offer tutorials for beginners and professionals, there are really smart articles and guides here. I think that it was thanks to this and the client-oriented policy of the company that I did not lose my deposit. You can rely on the support. The staff of the brokerage organization helped me sort out both trading on the site and investment opportunities. The exchange has made sure that traders are comfortable working with it. I am ready to recommend this trading platform to others.
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.