Binance Vs. DEGIRO - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels.

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

• Avid cryptocurrency traders and investors from intermediate to expert levels
• Day traders looking for a high liquidity exchange with competitive fees

• Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
• Active traders that look to access the large variety of exchanges offered

None

• BaFin (Germany)
• AFM (Netherlands)

• Largest cryptocurrency exchange in the world by liquidity
• Massive cryptocurrencies selection available (700+)
• Large amount of financial products in the form of derivatives (Vanilla options, futures, etc)
• Advanced trading platforms with visual order books at no cost

• No conflicts of interest between DEGIRO and its customers
• Virtually unlimited asset offering from 50 exchanges across the globe
• Low fees when compared to traditional banking alternatives

• Interface can be complex to use for beginners
• The wide selection of products and derivatives can also be intimidating for beginners

• Credit card deposits are not available
• Simplistic platforms with not many features
• Fees are expensive when compared to commission free brokers

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Cryptocurrency
• Bank transfers
• Visa
• Mastercard

• Bank Transfer
• Paypal

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

Fixed 0.1% trade value fee for spot trades.

Yes and varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.