Comparison of Binance vs Bigone [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Binance vs Bigone comparison!

Your expert: Alejandro Borja

Binance

Your expert: Xavier Tarrasó

Bigone

Main points

Fees

≤0,10%

Earns

Yes

Customer service

4/5

0.20%

Fees

Yes

Earns

3/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

5.0 – The industry standard for low trading fees and discounts.

3.9 – Competitive fees with additional costs for advanced features.

Level

≤0,10%

0.20%

Brief explanation

Binance, one of the world’s leading cryptocurrency exchanges, is renowned for its competitive and highly favorable commission structure. The standard trading fee on Binance is notably low, starting at just 0.1% for both makers and takers. This fee can be further reduced for users who pay using Binance’s native token, Binance Coin (BNB), which offers a discount, enhancing the utility and attractiveness of holding and using BNB within the ecosystem. Additionally, Binance rewards high-volume traders with a tiered fee structure, which lowers fees significantly as a user’s trading volume increases, dropping the fees to as low as 0.015% for makers and 0.03% for takers at the highest tiers.

As an expert on our website, I highly recommend BigONE for cryptocurrency trading. This Singapore-based exchange offers a robust platform for trading a wide range of digital assets, including over 140 premium tokens. BigONE stands out with its strong security measures, including Two-Factor Authentication (2FA) and the use of cold wallets for 98% of user funds, making it a reliable choice for both novice and experienced traders. The user-friendly interface, combined with competitive fees of 0.20% for both makers and takers, further enhances its appeal. However, the prolonged verification process and the lack of support for fiat deposits are areas that could be improved.

Binance

Security Methods: Binance employs a comprehensive range of security measures, including two-factor authentication (2FA), SSL encryption, and cold storage of the majority of user funds. These methods ensure a high level of security that protects users against potential cyber threats and unauthorized access.
Trading Volume and Liquidity: Binance boasts one of the highest trading volumes among cryptocurrency exchanges worldwide. This high volume ensures excellent liquidity, making it easier for users to execute trades quickly and at desired prices, even for large orders.
Reputation and Reviews: Over the years, Binance has built a solid reputation in the cryptocurrency community. It is highly regarded for its robust platform, innovative features, and responsive customer service. User reviews often highlight the platform's reliability and the breadth of resources available to traders.
Transparency: Binance is known for its transparency in operations, particularly in how it handles updates and communicates with its user base during both regular operations and in crisis situations. This transparency builds trust and ensures users are well-informed about their investments and the platform's practices.
Withdrawal and Deposit Policies: Binance offers clear and user-friendly withdrawal and deposit policies, with a variety of payment methods available. These policies are structured to facilitate easy access to funds while maintaining tight security to prevent any fraudulent activity.

Bigone

Year Founded: Established in 2017, BigONE has been in operation for several years, allowing it to develop a mature platform with robust features. This longevity in the volatile crypto exchange market signifies stability and a proven track record.
Security Methods: BigONE's commitment to security is exemplary, utilizing multi-layered security protocols to protect users' assets. This includes measures like cold storage for the majority of funds, two-factor authentication (2FA), and regular security audits to ward off potential threats.
Reputation and Reviews: The exchange has maintained a good reputation within the crypto community, evidenced by positive user reviews across various forums and platforms. Users praise its user interface, range of services, and the responsiveness of customer support, indicating a reliable service.
Trading Volume and Liquidity: BigONE supports a significant amount of daily trading volume, ensuring high liquidity for its users. This is crucial for traders who need to execute large trades without impacting the market price significantly, and it also indicates the trust and scale of operation BigONE manages.
Transparency: The platform is known for its transparent fee structure and clear policies regarding trading, withdrawals, and deposits. This transparency builds trust with users, as they can trade knowing there are no hidden fees or policies that could affect their trading activities unexpectedly.

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Product selection

Native token

Token BNB

Earns

Yes

NFT marketplace

Yes

Cripto/debit card

Yes

Full name

Binance Holdings Limited

BigONE Exchange

Regulation

Not regulated, but faces regulatory scrutiny in several countries.

Not regulated

Year founded

2017

Founder

Changpeng Zhao (CZ)

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Binance	FEATURES	Bigone
Binance allows trading with small amounts, accommodating users who wish to start with minimal investments.	Minimum Trade	BigONE allows for relatively low minimum trades, making it accessible for beginners.
Binance offers some of the lowest fees in the industry, with further reductions available when using Binance Coin (BNB).	Trading and Transaction Fees	The platform offers competitive fees, though its complex point system can be confusing.
Supports a broad selection of over 500 cryptocurrencies, catering to a wide range of trader interests.	Number of Cryptocurrencies	Offers a wide range of cryptocurrencies, catering to diverse trading preferences.
Extensive offering of crypto-to-crypto trading pairs, providing users with great flexibility and trading options.	Crypto-to-Crypto Trading Pairs	Extensive variety of trading pairs, although not the market leader.
The website provides detailed information about fees and policies although some users might find it overwhelming due to the sheer amount of data.	Website Transparency	The website provides essential information but could improve in detailing fee structures.
Binance Card offers seamless crypto-to-fiat conversion with up to 8% cashback on purchases, making it a top choice for crypto users.	Credit/Debit Card	Dont’ have crypto card
Offers secure storage options with an integrated wallet that supports both cold and hot storage methods.	Storage Offering	Provides secure storage options with cold storage practices for the majority of funds.
Provides competitive staking options and rewards, enhancing user engagement and investment returns.	Staking and Rewards	Offers staking options with competitive rewards, enhancing investment opportunities.
Both the mobile app and desktop platforms are highly intuitive and fully-featured, suitable for traders of all experience levels.	Mobile App and Desktop	Excellent mobile and desktop platforms that are user-friendly and highly functional.
Offers multiple channels for support; however, response times can vary, sometimes leading to delays.	Customer Service	Customer service is available but lacks immediate real-time support like a call center.
Binance facilitates easy and fast deposits and withdrawals, though some users have reported delays with fiat withdrawals.	Deposit and Withdraw	Efficient deposit and withdrawal processes, but could be enhanced by accepting more fiat options.

Key features

Analysis tools

Advanced charting tools, a wide range of technical indicators

Basic charting tools, some technical indicators

Mobile APP

Yes

Security

High 4,9/5

High 4/5

Additional features

Futures trading, margin trading, staking, Binance Launchpad, Binance Earn, BNB token rewards

Margin trading, futures trading, staking, BigONE token (ONE) rewards

Anonymity

Yes

Key points

Available cryptocurrencies

500+

100+

User-friendliness

Binance is a highly popular platform known for its comprehensive features and user-friendly interface. While it offers advanced tools for experienced traders, its basic version remains accessible and easy to use for beginners.

BigONE features a user-friendly interface that is easy to navigate. Its design caters to beginners, making the process of buying, selling, and managing cryptocurrencies straightforward and efficient.

Value for money

Offers excellent value for money with some of the lowest trading fees in the industry and a vast array of supported cryptocurrencies and features.

Offers good value for money with low trading fees and a diverse range of cryptocurrencies, making it an affordable option for traders.

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany

United States, Canada, Australia, Singapore, United Kingdom

Best for

Perfect for all types of investors, from beginners to advanced traders, due to its low fees, vast array of cryptocurrencies, and extensive features.

Suitable for beginners and experienced traders seeking an affordable platform with low trading fees and a diverse range of cryptocurrencies.

Base currencies available

USD, BTC, ETH, BNB, USDT

BTC, ETH, USDT

Account

Trading

Binance is one of the largest and most popular exchanges, offering a vast selection of cryptocurrencies, advanced trading features, and high liquidity. Its security measures are top-notch. However, the platform can be overwhelming for beginners.

BigOne is known for its high liquidity and extensive range of tradable cryptocurrencies. The platform is secure and offers competitive fees. However, it lacks some advanced trading features found on other platforms.

Deposit and withdrawal

Binance supports a wide range of deposit methods, including bank transfers, credit/debit cards, and a variety of cryptocurrencies. Withdrawals are processed quickly, usually within a few hours, with minimal fees .

BigOne supports various deposit methods including bank transfers and crypto. Withdrawals are processed efficiently, usually within a day. Fees are low, enhancing user convenience.

Account opening process

Binance offers a seamless account opening process. Users need to provide personal information, complete KYC verification with identity documents, and typically get their account approved within a few hours to a day. It’s secure and efficient.

BigOne offers an easy account registration process. Users must fill out personal information and verify their identity. The process is efficient and usually completed within a day, ensuring quick access to trading.

KYC required?

Yes

Customer Service

Binance provides extensive customer support through email, live chat, and a detailed help center. Support is available 24/7, and the response times are quick, making it reliable for users globally.

BigOne provides support via email and live chat. While the support team is responsive and knowledgeable, the absence of phone support and limited support hours can be a drawback.

Security

Binance employs comprehensive security measures, including 2FA, SSL encryption, and cold storage. It is regulated by several financial authorities and has a strong track record, making it a secure choice for investors .

BigOne uses advanced security features like 2FA and cold storage. Despite its strong security measures, the platform is not regulated by major financial authorities, which could be a concern for some investors.

Which of these exchanges is for you?

Alejandro Borja

As an expert in the crypto market, I highly recommend Binance for its comprehensive range of features and user-friendly interface. The Binance Card, in particular, stands out by allowing seamless crypto-to-fiat conversions and offering up to 8% cashback on purchases, making it an excellent choice for both new and experienced crypto enthusiasts. Its security measures and vast selection of cryptocurrencies further enhance its appeal.

Xavier Tarrasó

As an expert on our website, I recommend BigONE for traders who prioritize a variety of cryptocurrency options and robust security measures. The exchange offers an extensive selection of crypto-to-crypto trading pairs and maintains high liquidity, which is ideal for both new and experienced traders. However, potential users should note the lack of direct credit/debit card support and the complexity of its fee structure, which may require some initial adjustment. Overall, BigONE is a solid choice, especially if you value a secure and diverse trading environment.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.