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Robinhood vs Binance

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Binance? Read our comparison chart below.

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.

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

 Robinhood
 Visit SiteLearn More
 

Robinhood

Binance

OFFER
Get a Free Stock (worth between $5 and $200) - Learn More

Read Robinhood Review

OFFER
Buy and Sell Cryptocurrency - Learn More

Read Binance Review

 

Benefits and Features

Stock Trading
$0
 
Options Trading
$0
 
Annual Fee
None
 
Cryptocurrency Trading
$0
Check
Minimum Deposit
$0
$0 ($10 Trade Minimum)
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed ETFs 
Phone Support
650-761-7789 (available 24/7)
 
Live Chat SupportAvailable 24/7 (requires sign in) 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management
$102 Billion
 
Cryptocurrencies SupportedAAVE, AVAX, BTC, BCH, LINK, COMP, DOGE, ETH, ETC, LTC, SHIB, XLM, XTZ, UNI, USDC
600+
Penny Stocks
Yes
 
Fiat Currencies Supported
USD
AED, AUD, AZN, BGN, CAD, CHF, CLP, COP, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, ILS, ISK, JPY, KES, KRW, KZT, MXN, NGN, NOK, NZD, PEN, PHP, PLN, RON, RUB, SAR, SEK, THB, TRY, TWD, UAH, UGX, USD, UYU, VND, ZAR
Digital Wallet
No
Yes
Tax Loss Harvesting
No
 
Transaction Fee
No
0.10% - 0.02%
Copy Trading
No
No
Limit Orders
Yes
Yes
Margin TradingMargin rates will vary based on a customer's margin balance, ranging from 5.7% to 6.75%.
Yes
Goal Tracker
No
 
Automatic Deposits
Yes
 
Crypto Loans
No
Yes
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, 4.3M ratings)
 
Android App
Yes (4.1 stars, 483k ratings)
 
Debit Card Purchase Fee
No
3.5% or $10, whichever is higher
BankingOffers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank 
Mobile App
Yes
Yes
ACH Transfer Fee
No
No
Desktop App
None
 
Wire Transfer Fee
No
Free via SWIFT from USD to BUSD
Crypto Conversion Fee
No
No
Anonymity
No
No
Biometric Login
TouchID or FaceID
Yes
Cold Storage
Yes
Yes
Maximum Trading Amount
No
Maximum order amount varies by currency
Two-Factor AuthenticationDevice approvals, Authenticator app, SMS
Google Authenticator
Withdrawal Limit
$50,000 per business day
2BTC / day for unverified accounts; 100BTC / day for verified accounts; Wire Transfer: $7,500,000 / day
Forex Trading
No
 
Futures Trading
No
 
Bond Trading
No
 
CFD Trading
No
 
Currency Trading
No
 
Customer ServiceLive Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
 
Locations
No
 
Online Community
No
 
Seminars
Yes
 
Trading Platform
Web Trading, Mobile Apps
 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Cryptocurrency TradingStarStarStarStarStar
SafetyStarStarStarStarStar
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Pros:
  • Wide range of currencies
  • Low fees
  • Secure Asset Fund for users
Cons:
  • May intimidate new users
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewExcellent crypto exchange with low prices and good selection... Read full review
 Visit SiteLearn More

Buy and Sell Cryptocurrency

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

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

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

Robinhood

1% Bonus to Transfer to Robinhood with No Cap

Expires 6/28/2024

Earn a 1% bonus with no cap when you transfer your brokerage account to Robinhood, now through June 28, 2024. Terms apply.

Robinhood

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Which is Better: Robinhood or Binance?

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

In short: Robinhood's ease of use is impressive. Binance's research is noteworthy.


Articles on Robinhood

Robinhood Review

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.

Robinhood Alternatives

Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.

Robinhood vs Public vs Webull

Robinhood, Public, and Webull are all great options for growing your money. But which one will suit you the most?

Robinhood vs Webull

Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.

Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

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?

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?

Which Do You Think is Best?





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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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