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Binance US vs Robinhood

Binance US is a low-fee exchange popular with frequent crypto traders in the US. How does it compare to Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

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

 Binance USRobinhood
 Visit SiteVisit Site
 

Binance US

Robinhood

OFFER
Buy and Sell Cryptocurrency - Learn More

Read Binance US Review

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading 
$0
Options Trading 
$0
Annual Fee 
None
Cryptocurrency Trading 
Check
Minimum Deposit
$0 ($10 Trade Minimum)
$0
Mutual Fund Trading 
No
Commission Free ETFs All U.S. listed ETFs
Phone Support 
24/7
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$80 Billion
Cryptocurrencies Supported
100+
ETC, ETH, BSV, BCH, BTC, DOGE, LTC, COMP, MATIC, SOL, SHIB
Fiat Currencies Supported
USD
USD
Digital Wallet
Yes
No
Tax Loss Harvesting 
No
Transaction Fee0.10% spot trading fee or 0.50% instant buy/sell fee
No
Copy Trading
No
No
Limit Orders
Yes
Yes
Goal Tracker 
No
Interest Accounts
Up to 10% APY
Up to 0.30%
Automatic Deposits 
Yes
Crypto Loans
No
No
Broker Assisted Trades 
Not available
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform 
Yes
iPhone App 
Yes (4.2 stars, 4m ratings)
Android App 
Yes (3.8 stars, 453k ratings)
Bank Account Purchase Fee
Free
No
Debit Card Purchase Fee
4.5%
No
Banking Robinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards.
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
Anonymity
No
No
Biometric Login
Yes
TouchID or FaceID
Cold Storage
Yes
Yes
Maximum Trading AmountMaximum order amount varies by currency
No
Two-Factor Authentication
Google Authenticator
Yes
Withdrawal LimitWire Transfer: $7,500,000 / day
$50,000 per business day
Locations 
No
Online Community 
No
Seminars 
No
Stake CryptoQTUM, VET, XTZ, ATOM, EOS, ONE, ALGO 
Virtual Trading 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
No
Roth IRA Accounts 
No
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 Binance USRobinhood
Cryptocurrency TradingStarStarStarStarStar
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Interest AccountsStarStarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarStar
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
SafetyStarStarStarStarStar
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Extremely low fees
  • Over 65 coins
  • High liquidity
Cons:
  • Not beginner-friendly
  • Limited staking
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Bottom LineLow-fee exchange popular with frequent crypto traders in the US... Read full reviewFree way to trade stocks with limited bells and whistles... 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.

Robinhood: Pricing information from published websites as of 04/18/2020.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

Commission-Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

Which is Better: Binance US or Robinhood?

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

In short: Robinhood's ease of use 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 Robinhood

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a personal finance 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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