When it comes to cryptocurrency exchanges, Bitstamp and Binance Futures are two of the popular choices. Both companies have been in the industry for so long and still standing rock solid.
They are both known for their extensive list of supported cryptocurrencies, competitive trading fees, trading features, and more.
Both exchanges are equal in many cases. But still, you find several key differences.
So Bitstamp vs Binance – which one is the best?
Let’s find this out in this comparison below:
Bitstamp vs Binance: At A Glance Comparison
Bitstamp is one of the oldest cryptocurrency exchanges out there, operating since 2011. The exchange offers you a one-stop solution for crypto trading, building a crypto portfolio, and earning crypto rewards.
The exchange is available in 48 states in the United States and offers you a bunch of trading pairs. And it offers you a suitable crypto trading experience for both newbie and advanced traders and investors.
Binance is the largest crypto futures trading platform operating since 2017. It is known as the hub for all your crypto needs.
It doesn’t only offer you crypto trading in the spot or crypto futures market. But you can also enjoy other features like crypto staking, crypto loans, NFTs, and more.
On top, the exchange is known for its competitive trading fee and the number of features it offers.
Bitstamp vs Binance: Trading Markets, Products & Leverage Offered
When it comes to offering multiple types of trading markets, products, and leverage, Bitstamp needs to catch up – why?
Because even though the exchange has been in the industry for so long, it only offers you Spot trading.
So from an investor perspective, it is a good exchange, but from a trader’s perspective who wants to try different markets, Bitstamp won’t be a good fit.
Additionally, since there is no presence of crypto margin or futures trading, you don’t get access to leverage.
On the other hand, Binance is a much better option. It not only has multiple market types, but you get high leverage and other features.
Product Offerings Of Binance Include:
- Margin Trading with 3x leverage for cross and 10x leverage for isolated trades.
- USD-M Futures: Crypto futures contracts settled in USDT or BUSD with leverage ranging from 20x to 125x.
- Coin-M Contracts: Perpetual and quarterly futures contracts settled in cryptocurrencies with leverage ranging from 20x to 125x.
- Spot Market Trading
- Crypto Options
Overall, Binance is a much better option compared to Bitstamp as it offers you a combination of spot and futures trading markets with leverage.
Winner: Binance
Bitstamp vs Binance: Supported Cryptocurrencies
Regarding the number of supported crypto tokens, Binance has more tokens. But on both exchanges, you get the majorly traded coins.
Talking about Bitstamp, it only has 82 available assets. These include:
- BTC
- ETH
- ADA
- MATIC
- XRP (Not available in the US)
- SOL
- DOGE
On the other hand, Binance offers you more than 500 crypto tokens. And the number of tokens available keeps increasing from time to time. Some of the popular coins listed on the exchange are:
- BTC
- ETH
- LTC
- SHIB
- PERP
- DOGE
- BNX
- BNB
So the winner would be Binance. Whether you are a trader or an investor, you get access to more coins. So you can invest in different and unique projects or trade in different markets with high liquidity.
Winner: Binance
Bitstamp vs Binance: Trading Fee & Deposit/Withdrawal Fee Compared
Both crypto exchanges follow a structured fee structure. So the more volume of trades you execute over a 30days period, the less you have to pay as the trading fee.
Bitstamp Spot Trading Fee
- Standard Maker Fee:00% for 30 days USD volume of < $1000.
- Standard Taker Fee:00% for 30 days USD volume of < $1000.
However, if your trading volume surpasses $1000, it will occur you 0.30% and 0.40% as the maker and taker fee, respectively.
Bitstamp Deposit & Withdrawal Fees
You will enjoy free deposit of funds across most of the deposit methods. However, when it comes to withdrawal, you will get charged different rates depending on your withdrawal method selection. These charges stand at:
- Deposit via internal wire charges at 0.025%.
- SEPA withdrawal charge is at 3.00 EUR.
- ACH offers free deposits and withdrawals.
- The faster Payments (UK) withdrawal charge is at 2.00 GBP.
- Instant Purchase using debit, credit, Google Pay, or Apply Pay is at 4% (Charged by your card issuer).
- Withdrawal via internal wire charges at 0.025%.
Additionally, you can also deposit crypto tokens on Bitstamp, and it will be subjected to network fees charged by the blockchain network.
Also, there is no peer-to-peer for depositing and withdrawing funds on Bistamp. Plus, you don’t get any discount on trading fees.
Binance Spot Trading Fee
Binance has a total of nine levels. The first one is the VIP 1 level which requires a 30 days trading volume of less than 1,000,000 BUSD, and the trading fee stands at:
- Maker Fee:1000%
- Taker Fee:1000%
However, it also offers you 25% off on trading fees when you pay using BNB (Binance’s native token). The discounted trading fee for regular users would be
- Maker Fee:0750%
- Taker Fee:0750%
Binance Futures Trading Fee
A similar tiered fee structure can be seen for the USD-M and Coin-M perpetual contracts. The trading fee for regular users without discount stands at:
USD-M Futures Trading
- Maker Fee: 0200%
- Taker Fee:0400%
It also offers a 10% discount to BNB holders. So the discount trading fee stands at:
- Maker Fee:0180%
- Taker Fee:0360%
Coin-M Futures Trading
- Maker:0100%
- Taker:0550%
Note: There is no BNB discount on Coin-M Futures trading.
Options Trading
- Maker Fee:020%
- Taker Fee:020%
Note: There is no BNB discount on options trading.
Binance Deposit & Withdrawal Fees
On Binance, deposits are absolutely free.
However, if you are depositing funds using a debit or credit card or any other payment option, the card issuer or the payment option may bill you some charges.
Additionally, you also have the option of P2P trading on Binance. So you can use local payment methods to exchange crypto without any deposit or withdrawal fees.
Overall, in this case, Binance is a clear winner. It not only offers you cheaper trading fees. But you get a discount on your trades, and it supports P2P trading.
Winner: Binance
Bitstamp vs Binance: Order Types
When it comes to ordering types, both exchanges have some basic order types that you see across exchanges. But there are a few order types that are only available on a specific exchange.
Bitstamp Order Types
- Instant
- Market
- Limit
- Stop Market
Binance Order Types
- Limit
- Market
- Stop Limit
- Stop Market
- Trailing Stop
- Post Only
- TWAP
Binance offers you more order types which can be beneficial when trading crypto.
Winner: Binance
Bitstamp vs Binance: KYC Requirements & KYC Limits
KYC (Know Your Customer) is made mandatory by both the exchanges Bistamp and Binance.
This means without verifying your user account, you are not allowed to deposit funds, trade, or withdraw your funds at all.
To be verified on both exchanges, you are required to upload a government-issued ID card and provide other details, such as your address.
However, the verification process may depend on the region you live in.
The good part, the verification process is quick and easy.
Winner: Tie
Joining Binance Futures? Know How to short Ethereum on Binance?
Bitstamp vs Binance: Deposits & Withdrawal Options
On both exchanges, you will find a wide range of deposit and withdrawal options.
Bitstamp Deposit & Withdrawal Options
- Method 1: Deposit via bank transfer, third-party payment options, or using credit debit cards.
- Method 2: Customers can use ACH to deposit and withdraw funds.
- Method 3: European customers can use Instant SEPA to withdraw or deposit funds.
- Method 4: Deposit by transferring crypto from another crypto exchange or wallet.
Binance Deposit & Withdrawal Options
- Method 1: Deposit via bank transfer, third-party payment options or using credit debit cards.
- Method 2:Deposit or withdraw funds using P2P trading.
- Method 3:Transfer crypto to Binance wallet.
The winner would be Binance again, as it supports more number of payments method depending on where you are located. Also, thanks to P2P, you have a wide range of options to deposit funds and cash out.
Winner: Binance
Bitstamp vs Binance: Trading & Platform Experience Comparison
Let’s now look at what these exchanges have to offer as their trading platform:
Bitstamp
Bitstamp offers a pretty basic window for buying/selling cryptocurrencies. There is no advanced technical chart that is suitable for trading. Or you get an extensive order book. Instead, these are the features that you will get:
- Order menu
- Order history
- Order book
- Recent orders
- On-chain volume
Binance
Binance is a much better option when it comes to its trading window offering. It offers you features like:
- Advanced charting with TradingView.
- Recent order, order history, current positions.
- Order book.
- Easy to use mobile app.
- Multiple order types.
- Rapid trade speed.
So the verdict would be Binance as it offers you a better trading and platform experience and is suitable for both investing and trading. Additionally, you can also check this Binance guide to know more about the exchange.
Winner: Binance
Bitstamp vs Binance: Customer Support
Bitstamp
Reaching out to Bitstamp’s customer support is straightforward and easy.
They do have email support and phone support. But lacks chat support.
Alternatively, you can reach out to Bistamp’s support through social media channels like Twitter at @BitstampSupport. Also, the support team is quite fast to respond to and solve your queries.
Binance
Binance offers you support through its chat portal and email. You can use its chat portal to find answers to the most common questions.
Or you can use it to connect to a live support agent available 24×7. However, the exchange lacks phone support, but they are quick to respond. Also, you can reach out to Binance through Twitter at @BinanceHelpDesk.
Winner: Tie
Bitstamp vs Binance: Security Features
Both exchanges offer very tight security to secure your funds. If I talk about Bitstamp, these are the security features you will enjoy:
- Multi-Sig technology to our hot wallet.
- It keeps only a small portion of crypto assets on the exchange.
- Two-Factor authentication.
- Whitelisting addresses.
Binance also offers you an extensive list of security features, such as:
- Two-factor authentication.
- Secure storage that keeps the majority of users’ funds in cold storage.
- Full SSL encrypted website.
- Advanced data encryption.
- Real-time monitoring.
- Over here, both exchanges are pretty equal. Hence it is a tie between Bitstamp and Binance.
Winner: Tie
Bitstamp vs Binance: Supported Countries
Talking about Service availability, Bitstamp is globally present. You get their services in the USA, All the European countries, and a few Asian countries.
Also, the exchange holds 50 licenses across global judiciaries to offer customers a smoother experience.
Binance is available in more than 100 countries worldwide. For instance, it supports 19 European countries, 16 Asian countries, the Middle East, and more.
Overall, Binance has a much bigger presence worldwide than Bitstamp. Hence, it is a clear winner.
Winner: Binance
Is Bitstamp a Safe & Legal To Use?
Bitstamp is one of the top crypto exchanges that are absolutely safe and secure to use. The exchange holds 50 licenses and registrations in key jurisdictions globally.
Plus, the exchange has never faced any security breaches and has stood rock solid since 2011.
Is Binance a Safe & Legal To Use?
Binance is a global name when it comes to crypto exchanges. It is widely trusted by traders worldwide.
The crypto exchange takes users’ security very seriously and has never faced any security breaches. The exchange also uses multiple security methods to offer you a safe trading experience.
Bitstamp vs Binance Conclusion: Why not use both?
Ultimately, both exchanges are widely used and have a great reputation. However, between the battle of these two, Binance wins the race.
The exchange not only offers you a low trading fee but allows you to explore different markets like spot, margin, and futures.
So as a trader, you can trade in different markets. Also, the exchange takes the user’s security very seriously and offers you a smooth trading experience via both web and mobile apps.
But Bitstamp is nowhere a loser. The exchange is mostly suitable for crypto investors and not traders. It lacks advanced trading features.
But if you are only interested in crypto trading, the exchange would be a good choice.
Here’s how Bitstamp & Binance compares to other exchanges:
- Binance vs ByBit
- Binance vs Phemex
- Binance vs Poloniex
- Binance vs Gate.io
- Binance vs Okex
- Binance vs Huobi
