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Acorns vs Binance

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Binance? Read our comparison chart below.

Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.

While Binance is one of the largest cryptocurrency exchanges by volume in the world. They offer some of the lowest fees of any exchange and support trading of over 600 coins. They have staking options, crypto loans, and a crypto Visa card, among a range of other features.

Compare Acorns with Binance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Acorns
 Visit SiteLearn More
 

Acorns

Binance

SPECIAL OFFER
$10 Sign-Up Bonus - Learn More

Read Acorns Review

OFFER
Buy and Sell Cryptocurrency - Learn More

Read Binance Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees. 
Options Trading
No
 
Annual Fee
  • $3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account)
  • $5/mo for Acorns Family (includes everything in Personal plus investment accounts for kids)
 
Cryptocurrency Trading
No
Check
Minimum Deposit
$0
$0 ($10 Trade Minimum)
Checking
Yes
 
Mutual Fund Trading
No
 
Commission Free ETFsA selection automatically chosen by Acorns 
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
Yes
 
Assets Under Management
$4.7 Billion
 
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted TradesAcorns automatically invest and trade for you 
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their own 
Inactivity FeeNone, but you will keep paying the monthly fee 
Maintenance Fee
Monthly fee for the service
 
Online Platform
Yes
 
iPhone App
Yes (4.7 stars, 760k ratings)
 
Android App
Yes (4.3 stars, 156k ratings)
 
BankingIncluded in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. 
Mobile App
Yes
Yes
Two-Factor Authentication
Yes
Google Authenticator
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Acorns
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
Cryptocurrency TradingStarStarStarStarStar
Interest AccountsStarStarStarEmpty StarEmpty Star
Commissions and FeesStarStarStarStarStar
ResearchStarStarStarStarEmpty Star
SafetyStarStarStarStarStar
Pros & ConsPros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Pros:
  • Wide range of currencies
  • Low fees
  • Secure Asset Fund for users
Cons:
  • May intimidate new users
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewExcellent crypto exchange with low prices and good selection... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Acorns: Pricing information from published website as of 09/28/2020.

Binance: Pricing information from published website as of 04/13/2021.

Which is Better: Acorns or Binance?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or eToro.

In short: Acorns' ease of use is outstanding.


Articles on Acorns

Acorns

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Is Acorns Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Articles on Binance

Binance Review

Binance is one of the largest cryptocurrency exchanges in the world. But is it a legit platform for trading your crypto? Find out before you sign up.

Crypto.com vs Binance

Binance is one of the largest cryptocurrency exchanges in the world, and Crypto.com is on a path to offer all things crypto. Which is right for you?

Comments

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