Revolut (crypto) vs Binance: Fees, Coins, Safety Comparison
| Feature | Revolut (crypto) | Binance |
|---|---|---|
Overall |
3.1 |
4.8 |
3.1 |
4.5 |
|
2.1 |
4.8 |
|
3.8 |
5.0 |
|
Investment Instruments |
4.1 |
4.7 |
Platforms and Charting Tools |
2.9 |
4.9 |
Deposit and Withdrawal |
4.2 |
4.7 |
Research |
1 |
4.6 |
Education |
1 |
4.8 |
Support |
4.2 |
4.8 |
Bonuses |
3.9 |
4.2 |
|
Your capital is at risk.
|
Revolut (crypto) vs Binance: Pros and Cons
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
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).
| Revolut (crypto) | Binance | |
|---|---|---|
| Overall Pros | minimum trade is only $1 | Trading With Leverage up to 1:100 |
| Buying and selling crypto without openning crypto exchange account | Low Trading and Non-Trading Fees | |
| 10+ Account Fiat Currencies + 50 Crypto | ||
| ability to invest in stocks, crypto, fiat deposits etc | Derivatives, NFT, ETF are Available | |
| setting financial goals with Vaults option | Indicators are Available | |
| Passive Income With Staking and Mining Pool | ||
| Strong Research | ||
| Overall Cons | Only 21 supported coins | No tier-1 regulation |
| No options for active trading | ||
| Revolut's cryptocurrency service is not regulated by the FCA | ||
| High fees |
Revolut (crypto) vs Binance: Safety and Regulation
| Regulated By: | Revolut (crypto) | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Authorised and regulated by the Financial Conduct Authority in the UK |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
Revolut (crypto) vs Binance: Trading Conditions
| Trading Conditions | Revolut (crypto) | Binance |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Revolut |
Binance |
Max Leverage (Futures) |
1:1 |
1-100 |
Number of Markets |
21 |
1.358 |
Trading Accounts |
4 |
1 |
Base Account Currencies |
USD, EUR, GBP and 30+ fiat currencies |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
Revolut (crypto) vs Binance: Fees
Trading Fees
| Fee | Revolut (crypto) | Binance |
|---|---|---|
Max Maker |
2.5% |
0.1% |
Max Taker |
1.55% |
0.1% |
Min Maker |
2.5% |
0.012% |
Min Taker |
1.55% |
0.024% |
Debit/Credit Card Purchase Fee |
Not supported |
0.01 |
Futures Trading fees
| Fee | Revolut (crypto) | 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 | Revolut (crypto) | 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 |
No |
0.0001 BTC |
Inactivity Fee |
No |
No |
Revolut (crypto) vs Binance: Trading Assets
| Asset Name | Revolut (crypto) | Binance |
|---|---|---|
Overall |
21 |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
No |
Yes |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
no |
Yes |
IOTA (MIOTA) |
no |
Yes |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
no |
Yes |
Revolut (crypto) or Binance: Investment Programs
| Asset Name | Revolut (crypto) | Binance |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
vaults savings, cash savings |
No |
Trading Platforms: Binance or Revolut (crypto)
| Revolut (crypto) | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Binance or Revolut (crypto)
| Revolut (crypto) | Binance | |
|---|---|---|
SMS Based 2 FA |
no |
Yes |
App Based 2 FA |
no |
Yes |
Voice Call 2 FA |
no |
No |
Search Bar |
no |
Yes |
Filters |
no |
Yes |
Technical Analysis: Binance or Revolut (crypto)
| Revolut (crypto) | Binance | |
|---|---|---|
Indicators |
No |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Binance or Revolut (crypto)
| Revolut (crypto) | 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 Revolut (crypto)
| Revolut (crypto) | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
Yes |
Revolut (crypto) vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Revolut (crypto) | Binance |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Revolut (crypto) vs Binance: Research
| Research Type | Revolut (crypto) | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
Revolut (crypto) vs Binance: Education
| Education Type | Revolut (crypto) | Binance |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs Revolut (crypto): Support
| Support Features | Revolut (crypto) | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
no |
Yes |
Other |
community support, app-based chat |
Telegram |
Revolut (crypto) vs Binance: Crypto Bonuses and Promo
| Promo | Revolut (crypto) | Binance |
|---|---|---|
Crypto Bonus |
$50 Welcome Bonus. This Promotion is open to new Revolut retail customers who live in the United States. This Promotion runs from April 7, 2022 until June 30, 2022. |
No |
Affiliate Program |
The impact is a referral program in which you need to be a Revolut customer to participate. Depending on which plan the connected referral chooses, the partner is paid from £2 to £20. Payments are calculated and made every month. After approving the request, the company gives the partner a unique link and materials to be placed and promoted on websites. The partner can track the number of link clicks and referrals in his personal cabinet. |
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 Revolut (crypto)
-
Comment
Trading here goes without problems. Now I’m learning everything little by little, since I haven’t been on the stock market that long. Reviews prove that this company is good and I saw it myself after trading here for 3 months.
-
Comment
I’ve been using the services of Revolut Bank for a year and everything is fine. I received a card, everything is quite convenient, and transfers are fast. The mobile application is not bad. The only problem, in my opinion, is confirmation of deposits and withdrawals, which can take quite a long time sometimes.
-
Comment
Everything you need is here for normal trading. In addition, there is help from the staff. Everyone will help. So feel free to start trading here.
-
Comment
I chose Revolut Bank based on customer reviews. Most customer reviews are positive. So I decided to open an account here. Revolut Bank itself is now considered by many to be very popular in Europe due to its low service fees. Yes, the commissions here are below average. But there is a problem - this is a long transfer of funds.
-
Comment
The main advantage of the Revolut card is that it is truly multi-currency and supports about 150 currencies. You can always exchange your currency for any other at the standard interbank rate. And this will happen without unnecessary markups and conversions. In addition, it is possible to create virtual maps. The only negative thing for me was that there are commissions for some currencies, although I thought there were none.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).