CEX.IO vs Binance | What Binance Is MUCH Better Than CEX.IO

When it comes to trading fees, both CEX.IO and Binance offer competitive rates that are worth considering. However, the approach to how these fees can be lowered differs between the two exchanges.

Let's start with Binance trading fees. They charge a spot maker fee of 0.1% and a spot taker fee of 0.10%. For futures trading, the maker fee is 0.02% and the taker fee is 0.04%.

These feesare already pretty low but the best part is that trading fees on Binance can be further lowered if monthly trade volumes exceed $1 million or if users hold at least 25 BNB tokens.

Essentially, if you're a high-volume trader or a fan of Binance's native BNB token, you can expect to pay even less in trading fees on this exchange.

Now, let's move on to CEX.IO. For both spot makers they charge a 0.15% fee and 0.25% for takers. While this isn't as low as Binance's fees, CEX.IO does offer a way to lower these fees through their VIP program.

By reaching trade volume thresholds exceeding $10,000, users can enjoy reduced trading fees that can go as low as 0% for makers and 0.07% for takers. But you will need to trade very large volumes to reach those fees.

n summary, both CEX.IO and Binance provide competitive trading fees that can be lowered even further with certain conditions. Binance does however have a pretty significant advantage with a much lower fee foundation than CEX.io

When it comes to depositing fiat currencies on cryptocurrency exchanges, exchange differ wildly in terms of what's available. Let's take a look at Cex.Io and Binance and their respective deposit methods.

Starting with Cex.Io, they support fiat deposits for USD, EUR and GBP. In terms of deposit methods, you have a variety of options to choose from including SWIFT, Wire, SEPA, Faster Payments, and Credit/Debit Card. However, it's important to note that each method incurs a different fee structure.

Swift & Wire deposits come with a $2.99 fee, FSP with a 2.99 GBP fee, SEPA has a 2.99 EUR fee while credit/debit card has a much steeper 3-4% service fee. It's worth considering these fees when choosing how to deposit fiat currencies on Cex.Io.

So, what about Binance? This exchange supports an impressive 26 different fiat currencies including EUR, AUD, GBP, PLN and others. You can deposit funds using bank transfers via Swift, Signet, SEPA, and Faster Payments, as well as Visa, Mastercard, PayID, and Advacash.

However, the deposit fees vary depending on the method you choose. Depositing fiat currencies with Visa and Mastercard will incur a 1.8% fee, while bank transfer via SEPA has a 1 EUR fee. Those with an Advacash account can expect a 1.5% fee.

Both Cex.Io and Binance offer a good range of fiat currencies and deposit options. Binance however once again has the edge with a more extensive offering both in terms of currencies and deposit methods.

When it comes to withdrawing fiat currencies from exchanges, it's important to weigh the options and consider the fees involved.

CEX.IO offers three fiat withdrawal options with SWIFT or Wire Transfer for USD, EUR via SEPA and GBP via Faster Payments.

While the withdrawal fees for fiat currencies can be high on some exchanges, CEX.IO keeps things relatively affordable with a range of options.

The fees for fiat withdrawals are 2.99 USD or EUR and 2.99 GBP for Faster Payments. If you prefer to use a credit or debit card, you can expect to pay a commission of up to 1.8%-3%.

Now let's look at Binance's fiat withdrawal methods which among other include USD via SWIFT, EUR via SEPA, and GBP via Faster Payments (FSP).

You can expect to pay a 1.8% withdrawal fee for fiat withdrawals made with Visa or Mastercard. If you withdraw with SEPA you pay way less as the fee is only 1 EUR.

When it comes to withdrawing cryptocurrencies on both exchanges, there are different fees involved depending on the blockchain.

For example, withdrawing Bitcoin on CEX.IO comes with a 0.0005 BTC fee, while on Binance it's 0.0002 BTC. Withdrawing Ethereum has a higher fee on CEX.IO at 0.006 ETH versus 0.000768 ETH on Binance.

In conclusion, Cex.io and Binance are two of the most popular cryptocurrency exchanges in the market today, each with its own unique features and services to offer.

Cex.io offers support for over 130 cryptocurrencies and has over 4 million registered users around the world, while Binance is available in 186 countries and has a massive userbase of over 120 million registered users.

When it comes to the signup process and KYC requirements, both CEX.io and Binance requires their users to verify their identity through a KYC process before they can trade on the platform.

In terms of trading fees, both exchanges offer competitive rates that can be lowered even further with higher trading volumes.

Binance charges a spot maker fee of 0.1% and a spot taker fee of 0.10% which is quite a bit lower than CEX.IO maker and taker fee of 0.15% and 0.25%.

When it comes to depositing fiat currencies on the exchanges, both exchanges do a good job offering a range of fiat currencies and deposit methods.

Cex.io supports fiat deposits for USD, EUR, and GBP, while Binance supports an impressive 26 different fiat currencies. However, both exchanges have different fees and requirements for each method.

Regarding withdrawing fiat currencies, CEX.IO offers three fiat withdrawal options while Binance once again offers many more withdrawal options for the 26 fiat currencies that it supports.