Confused between Bitrue vs Binance Futures? If yes, then I am here to help you pick the right crypto exchange.
Both Bitrue and Binance are two of the most popular cryptocurrency exchanges out there. Both exchanges have a lot of similarities in product offerings, supported tokens, and more.
However, there are still a lot of key differences between these two exchanges that can impact your overall trading experience.
Hence, to help you choose the right crypto exchange, I have compared both exchanges below. So go ahead and have a quick look at them:
Bitrue vs Binance: At A Glance Comparison
Bitrue is one of the most secure and advanced online platforms for buying, selling, and storing cryptocurrencies. The exchange was established back in 2018, and over the years, it has become one of the preferred choices of many traders.
The exchange offers you access to different markets like spot and derivatives. Along with that, you also get other features like loans, staking, and more.
On the other side, Binance is known as the largest cryptocurrency exchange by trading volume. The crypto exchange was established back in 2017, and over the years, it has become the favorite choice.
The best part of Binance, it offers you a complete crypto ecosystem. This means the exchange cannot only be used for spot or futures trading. But you can use it for staking, getting crypto loans, P2P trading, and more.
Bitrue vs Binance: Trading Markets, Products & Leverage Offered
Bitrue and Binance are competing head-to-head when it comes to trading market offerings. As you can find a lot of similarities between them.
Bitrue
- Spot Trading
- ETF – Crypto trading with leveraged tokens
- USDT Futures with up to 125x leverage.
- Coin-M Futures with up to 125x leverage.
- USDC Futures with up to 125x leverage.
Binance
- Spot trading
- Margin Trading with leverage between 5x and 10x for cross and isolated trades
- USD-M perpetual Contracts with leverage between 1x to 125x
- Coin-M perpetual contracts with leverage between 1x to 125x
- Crypto Options
- Leveraged Tokens
- P2P Trading
Verdict: Overall, both exchanges have similar market offerings and leverage. But Binance offers you crypto options and P2P trading, which are not available on Bitrue – so it is the winner for this section.
Bitrue vs Binance: Supported Cryptocurrencies
Bitrue
With Bitrue, you get to see 1000+ different trading pairs across different markets. You will find a combination of newly launched tokens and popular tokens like Bitcoin.
On Bitrue, you will find coins such as:
- BTR
- BTC
- ETH
- XRP
- ABT
- ACH
- ACS
- ADX
Binance
Coming to Binance, a popular crypto exchange, serves as a gateway for launching many new currencies. Plus, its database also contains all the majorly traded tokens. So the exchange stands as your go-to stop for investing in popular and newer tokens.
On Binance, you will find coins such as:
- BNB
- BTC
- ETH
- XLM
- BCH
- LDO
- FIL
Verdict: As Bitrue supports more trading pairs compared to Binance, the exchange wins this section.
Bitrue vs Binance: Trading Fee & Deposit/Withdrawal Fee Compared
Coming to trading fees, both exchanges have pretty competitive trading fees. Both exchanges have their own way of calculating the trading fee, and here is how it looks:
Bitrue Spot Trading Fee
Bitrue’s spot trading fee is quite confusing as there is no plain fee structure across all trading pairs. Instead, the trading fee depends on trading pair to pair. For instance:
- Trading Fee for XRP/BTC, XRP/USDT, and XRP/ETH pairs: 0.2%
- Trading Fee for other pairs: 0.098%
Additionally, it also offers you a 20% discount on your trading fees. So the discounted trading fee stands at:
- XRP/BTC, XPR/USDT, XRP/ETH: 0.14%
- Other BTC, ETH, USDT Trading Pair: 0.0686%
- XRP Trading Pair: 0.196%
Bitrue Futures Trading Fee
For USDT-M futures, Bitrue follows a maker/taker fee model. Plus, unlike other exchanges, it doesn’t have any tiered fee structure. Instead, you get charged a flat rate across all the available trading pairs.
Also, there are no discounts available for Bitrue’s futures trading fee. So the regular fee stands at:
- Maker Fee: 0.038%
- Taker Fee: 0.7%
Bitrue Deposit & Withdrawal Fees
On Bitrue, you don’t enjoy free fiat deposits or withdrawals. As for processing fiat transactions, Bitrue has partnered with Simplex, and it charges you up to 3.5% for processing your card transactions.
Also, there is no P2P trading. So you don’t have any other option to deposit fiat to the exchange. But you can deposit and withdraw crypto, which will be subjected to network fees.
Binance Spot Trading Fee
Binance follows a tiered fee structure and maker/taker fee model for spot trading fees. On top of that, you also get a 25% discount on your trading fees when you use BNB to pay for the trading fee. So the regular fee stands at:
- Maker Fee: 0.1000%
- Taker Fee: 0.1000%
With a 25% discount, the trading fee stands at:
- Maker Fee: 0.0750%
- Taker Fee: 0.0750%
Binance Futures Trading Fee
For futures trading, you see a tiered fee structure. Also, Binance offers you 10% for the futures trades, but it is only applicable to USD-M perpetual contracts only. The regular futures trading fee stands at:
USD-M Futures Fee
- Maker Fee: 0.0180%
- Taker Fee: 0.0360%
With 10% discount:
- Maker Fee: 0.0108%
- Taker Fee: 0.0270%
Coin-M Futures Fee:
- Maker Fee: 0.0100%
- Taker Fee: 0.0500%
Binance Options Trading Fee
For options trading, you get charged a flat fee:
- Maker Fee: 0.020%
- Taker Fee: 0.020%
Binance Deposit & Withdrawal Fees
Binance deposits are free. However, it is subject to what sort of payment method you are using for depositing or withdrawing fiat.
For some payment options, the charges are absolutely free. But it may occur that transaction charges are charged by the payment processor.
Alternatively, you can deposit crypto from other exchanges or wallets, which will be subjected to blockchain network fees.
However, for free deposits and withdrawals, you can use P2P trading.
Verdict: Binance trading fees are cheaper across spot and futures markets compared to Bitrue. Also, it has a simpler fee structure with heavy discounts. Hence, it is the winner for this section.
Bitrue vs Binance: Order Types
When it comes to ordering type availability, Bitrue isn’t really impressive. The exchange doesn’t have many order types that can help you place advanced trades. But on the other hand, Binance serves this area very well.
Bitrue
- Limit
- Market
- Trigger Order
Binance
- Limit
- Market
- Stop Limit
- Stop Market
- Trailing Stop
- Post Only
- TWAP
Verdict: As you can see, Binance has more order types than Bitrue; the exchange wins this section clearly.
Bitrue vs Binance: KYC Requirements & KYC Limits
Bitrue
Coming to Bitru’s KYC (Know Your Customer) verification requirements, it is a much more friendly option as there is no need to verify your account to start trading. There is no need to verify your account to trade or even to deposit or withdraw fiat.
KYC Limits
Bitrue has two different KYC limits that stand at:
- Level 1: A daily withdrawal limit of 2 BTC.
- Level 2: A Daily withdrawal limit of 500 BTC.
Binance
Binance has a strict KYC requirement policy. KYC is made mandatory by the exchange. As a result, you are not allowed to place trades, use P2P trading or deposit crypto to your Binance wallet without verifying your user account.
KYC Limits
Taking about KYC limits, you get three different levels. Each level will only increase your daily withdrawal limit. And here is how the limit looks like:
Binance
- Verified: A daily fiat Limit of 50K USD Daily.
- Verified Plus: A daily fiat Limit of 2M USD Daily.
- Verified Plus (2): Unlimited Fiat Transactions.
Verdict: As Bitrue can be used without user verification or KYC, it is the winner for this section.
Bitrue vs Binance: Deposits & Withdrawal Options
Both exchanges offer you different ways to deposit and withdraw funds. These methods are:
Bitrue
- Method 1: Legend trading or small crypto loans with a trading fee as low as 0.08% without any wire fee for ACH USD payments.
- Method 2: Credit card deposit using Simplex. However, it is a costly way to deposit or withdraw fiat. As Simplex can charge up to 3.5% for processing your card transaction.
- Method 3: You can buy trust tokens using an escrowed bank account.
- Method 4: Transfer crypto to Bitrue’s wallet from another exchange or wallet.
Binance
- Method 1: Use your Credit/Debit cards, bank transfers, or other payment methods to buy crypto.
- Method 2: P2P trading for free deposits and withdrawal of funds at zero cost.
- Method 3: Transfer crypto to Binance’s wallet from another exchange or wallet.
Verdict: Overall, Bitrue supports more options for depositing and withdrawing fiat. But those options are costly. On the other side, Binance offers you similar options for depositing/withdrawing funds at zero to low cost. So Binance ultimately wins this section.
Bitrue vs Binance: Trading & Platform Experience Comparison
The trading experience on both exchanges is pretty similar. The user interface and other tools are pretty identical.
Bitrue
- Chart by TradingView
- Trading pair details
- Order book
- Easy-to-use order form
- Positions, open history, order history, PnL records
- Trades
Binance
- Multiple technical chart options, including TradingView
- Trading pair details
- Order book
- Easy-to-use order form
- Trade history, open orders, PnL records
- User-friendly mobile app
Verdict: As both exchanges offer a similar trading experience, it is a tie between Bitrue and Binance.
Bitrue vs Binance: Customer Support
Bitrue
To contact Bitrue’s support team, you can either raise a support ticket or contact them via email. They don’t offer their support through any live chat window.
Alternatively, you can also contact them via their Twitter handle.
Binance
Binance is a better choice in terms of customer support. They offer support through their live chat window.
Alternatively, you can also send them an email or contact them via Twitter to find help.
Verdict: As Binance’s customer support is more convenient to reach out to, it is the winner.
Bitrue vs Binance: Security Features
Bitrue
- Proprietary multi-level clustering structure & cold wallet with an advanced security system
- Two-factor Authentication
- Withdrawal Whitelist
Binance
- Keeps funds in cold storage
- Two-factor Authentication
- Real-Time Monitoring
- Advanced-Data Encryption
Verdict: As Binance offers more security options compared to Bitrue, it wins this section.
Is Bitrue Safe & Legal To Use?
Bitrue is a safe platform to buy/sell crypto. It offers you industry-leading security features and ensures that your personal information and funds are kept safe and secure.
Along with that, it offers you several security features that can be used to protect your account at an advanced level.
Is Binance Safe & Legal To Use?
Binance is one of the trusted crypto exchanges out there. The crypto exchange doesn’t have any history of hacks.
Also, the exchange keeps vast amounts of funds in offline storage and has implemented industry-leading security features. Plus, you get access to a wide range of security features.
Bitrue vs Binance Conclusion: Why not use both?
In the end, it is Binance that wins this battle.
The exchange is widely popular and has low trading fees and rich-in features. Plus, it offers you access to different crypto markets. As a result, trading on the exchange would be a smoother experience.
But Bitrue is not a loser.
If you are looking for an exchange that has solid trust and is regulated, then the exchange would be an ideal choice for you.
See how Bitrue & Binance compares to other exchanges:
- Binance vs ByBit
- Binance vs Okx
- Binance vs Huobi Global
- Binance vs Swyftx
- Binance vs Kraken
- Binance vs Bithumb
