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.
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Binance US | Nexo | |
|---|---|---|
Buy and Sell Cryptocurrency - | Welcome Bonus: Deposit $1000 and Get $100 in BTC - | |
Benefits and Features | ||
| Minimum Deposit | ||
| Cryptocurrencies Supported | 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 Supported | 46 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 | ||
| Digital Wallet | ||
| Transaction Fee | 0.10% spot trading fee or 0.50% instant buy/sell fee | |
| Copy Trading | ||
| Limit Orders | ||
| Margin Trading | ||
| Spread | 0.01% - 0.95% depending on cryptocurrency | |
| Interest Accounts | Up to 20% APR (Not Available in US) | |
| Crypto Loans | ||
| Bitcoin (BTC) Interest Rates | ||
| Ethereum (ETH) Interest Rates | ||
| Bank Account Purchase Fee | ||
| Litecoin (LTC) Interest Rates | ||
| Debit Card Purchase Fee | ||
| Tether (USDT) Interest Rates | ||
| USD Coin (USDC) Interest Rates | ||
| Mobile App | ||
| ACH Transfer Fee | ||
| Wire Transfer Fee |
| |
| Crypto Conversion Fee | ||
| Withdrawal Fee | Gas fees on crypto-withdrawals change over time | |
| Other Fees | 25% fee discount for holding BNB; tiered discounts based on 30 day trade volume | 2% origination fee on crypto-backed loans |
| Address Allowlisting | ||
| Anonymity | ||
| Biometric Login | ||
| Cold Storage | ||
| Maximum Trading Amount | Maximum order amount varies by currency | $100,000 USD per transaction with no transaction limit per day |
| Two-Factor Authentication | ||
| Withdrawal Limit | Wire Transfer: $7,500,000 / day | Free withdrawals depend on loyalty tier: Basic: 1 per month Silver: 2 per month Gold: 3 per month Platinum: 5 per month |
| Stake Crypto | QTUM, VET, XTZ, ATOM, EOS, ONE, ALGO | |
CreditDonkey® Reviews | ||
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| Cryptocurrency Trading |  | |
| Minimum Deposit | | |
| Interest Accounts |  | |
| Mobile App | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Safety | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Low-fee exchange popular with frequent crypto traders in the US... | Safe way to earn interest on crypto assets... |
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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. | ||
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.
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
Articles on Nexo
Nexo Review
Which Do You Think is Best?
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