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Binance US vs Nexo

Binance US is a low-fee exchange popular with frequent crypto traders in the US. How does it compare to Nexo? Read our comparison chart below.

Binance US is the US branch of Binance, one of the largest crypto exchanges in the world. They offer a wide range of currencies to buy, sell and trade with some of the lowest fees in the industry. They also have resources for institutions and staking rewards on a small number of coins.

While Nexo is a crypto banking platform offering high interest rates on a variety of cryptocurrencies and stablecoins along with crypto-backed loans. Users can earn interest on EUR, GBP, and USD. They also have a limited exchange.

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

 Binance USNexo
 Visit SiteVisit Site
 

Binance US

Nexo

OFFER
Buy and Sell Cryptocurrency - Learn More

Read Binance US Review

SPECIAL OFFER
Welcome Bonus: Deposit $1000 and Get $100 in BTC - Learn More

Read Nexo Review

 

Benefits and Features

Minimum Deposit
$0 ($10 Trade Minimum)
 
Cryptocurrencies Supported
100+
BTC, ETH, LTC, XRP, EOS, XLM, BCH, USDT, USDC, USDP, TUSD, DAI, USDX, EURX, GBPX, DOT, BNB, LINK, TRX, PAX Gold, ADA, SOL, DOGE, AVAX, AXS, MATIC, LUNA
Countries Supported46 US states (not available in HI, NY, TX, VT)Worldwide, except: Bulgaria, The Central African Republic, Cuba, Estonia, Iran, the US state of New York, the US state of Vermont, North Korea, and Syria.
Fiat Currencies Supported
USD
Over 40
Digital Wallet
Yes
Yes
Transaction Fee0.10% spot trading fee or 0.50% instant buy/sell fee
No
Copy Trading
No
No
Limit Orders
Yes
No
Margin Trading
Yes
No
Spread0.01% - 0.95% depending on cryptocurrency
about 2%
Interest Accounts
Up to 10% APY
Up to 20% APR (Not Available in US)
Crypto Loans
No
Yes
Bitcoin (BTC) Interest Rates 
4.0 - 8.0%
Ethereum (ETH) Interest Rates 
4.0 - 8.0%
Bank Account Purchase Fee
Free
No
Litecoin (LTC) Interest Rates 
4.0 - 8.0%
Debit Card Purchase Fee
4.5%
No
Tether (USDT) Interest Rates 
8.0 - 12.0%
USD Coin (USDC) Interest Rates 
8.0 - 12.0%
Mobile App
Yes
Yes
ACH Transfer Fee
Free
No
Wire Transfer Fee
  • Deposit: $15
  • Domestic Withdrawal: $15
  • International Withdrawal: $35
No
Crypto Conversion Fee
Free for USDC to BUSD
No
Withdrawal Fee Gas fees on crypto-withdrawals change over time
Other Fees25% fee discount for holding BNB; tiered discounts based on 30 day trade volume2% origination fee on crypto-backed loans
Address Allowlisting
Yes
Coming
Anonymity
No
No
Biometric Login
Yes
Yes
Cold Storage
Yes
Yes
Maximum Trading AmountMaximum order amount varies by currency$100,000 USD per transaction with no transaction limit per day
Two-Factor Authentication
Google Authenticator
Yes
Withdrawal LimitWire Transfer: $7,500,000 / dayFree withdrawals depend on loyalty tier:
Basic: 1 per month
Silver: 2 per month
Gold: 3 per month
Platinum: 5 per month
Stake CryptoQTUM, VET, XTZ, ATOM, EOS, ONE, ALGO 
 

CreditDonkey® Reviews

 Binance USNexo
Cryptocurrency TradingStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Interest AccountsStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarStar
Ease of UseStarStarStarStarEmpty Star
SafetyStarStarStarStarStarStarStarStarStarEmpty Star
Pros & ConsPros:
  • Extremely low fees
  • Over 65 coins
  • High liquidity
Cons:
  • Not beginner-friendly
  • Limited staking
Pros:
  • Good APY
  • Comprehensive mobile app
  • Advanced security features
Cons:
  • Limited educational tools
Bottom LineLow-fee exchange popular with frequent crypto traders in the US... Read full reviewSafe way to earn interest on crypto assets... Read full review
 Visit SiteVisit Site

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

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

Nexo: Pricing information from published website as of 01/26/2022. Nexo Earn Interest is not available in the United States.

Nexo

Welcome Bonus: Deposit $1000 and Get $100 in BTC

Sign up for a new Nexo account, and make a top-up of at least $1,000.

Nexo

Welcome Bonus: Deposit $100 and Get $10 in BTC

Sign up for a new Nexo account, and make a top-up of at least $100.

Which is Better: Binance US or Nexo?

Still need help deciding which crypto is better? Read the in-depth reviews below. You may also be interested in comparing Binance US or BlockFi.

In short: Binance US's safety is outstanding. Nexo's interest accounts is impressive.


Articles on Binance US

Binance US Review

Binance.US is the American arm of one of the largest crypto exchanges in the world. How does it compare to Binance and other popular exchanges?

Articles on Nexo

Nexo Review

Nexo offers a way to earn interest on your crypto holdings, borrow cash or stablecoins, and spend your crypto in the real world. But is it safe?

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a crypto comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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