Any payments by Traders Union () to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Traders Union () shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it. On Binance US the choice is not so big and is similar to Gemini’s inventory. Available cryptocurrenciesīinance has a better coin selection - about 400 coins - compared to only about 100 on Gemini. In addition, each is more liquid and offers a wider selection of supported coins. Day tradingīinance is better suited for day trading because each team member offers low commissions and margin trading on spot and futures markets. At the same time, it is worth noting that over the years, Binance and Binance US have proven themselves as reliable platforms, which have never been hacked. In addition, this exchange is regulated in the USA, whereas Binance has no regulation. Gemini can be considered a more secure exchange because it emphasizes this point in its work. Regardless, Gemini offers significant discounts for large clients with high trading volumes, which reduces the difference.

Also, Binance can offer a 25% discount if you pay commissions in BNB tokens. FeesĪt the entry-level, Binance commissions are an order of magnitude lower by 0.1% for the taker and maker compared to 0.4% for the taker and 0.2 for the maker at Gemini. The main advantage of Binance US over Gemini is low commissions, but Gemini is regulated in the US, which is important for many clients. Also, Binance US does not have futures trading available. Large clients with a high volume of trades on this exchange have lower commissions than small investors.īinance US over Gemini are not so obvious because there are significantly fewer cryptocurrencies available on Binance US than on Gemini. Gemini may be chosen by large investors and traders from the US, Canada, and the UK, for whom reliability and regulation are of paramount importance.

In addition, it can offer margin trading with low stakes and a well-developed educational program. Gemini or Binance: Which is Better in 2024?īinance will appeal to most users because it has lower fees and a larger selection of supported cryptocurrencies. Trading fees Feesĭebit card purchase isn’t allowed, debit card transfer is 4.5% All three exchanges offer substantial discounts for traders with large trading volumes. It is also worth considering that it is possible to reduce commissions on Binance by an additional 25% by paying them in BNB (Binance coins). The TU used the ActiveTrader plan for comparison, but there are other prices offered on the Gemini exchange. The fees of Binance are significantly lower than those of Gemini. Not allowed in 6 US states (New York, Texas, Louisiana, Hawaii, Idaho, and Vermont) Limited trading assets compared to Binance International Withdrawal to a debit/credit card is not available Passive income with staking and mining pool Gemini Pay makes it possible to pay with crypto in stores Users can trade all of the major cryptocurrencies in addition to USD

However, this exchange has relatively high commissions, no margin trading, and generally a rather small number of supported coins. Gemini is characterized by high reliability and the Gemini PAY program that allows you to widely use cryptocurrencies for payments. The main drawback of the Binance exchange is the lack of regulations and restrictions on trading in the U.S., the UK, and some other countries. Gemini vs Binance (Binance US): Introductionīinance’s advantages are low trading and non-trading commissions, the possibility of margin trading with leverage up to 1 to 100 on the futures market and 1 to 10 on the spot, and a large number of supported cryptocurrencies and fiat currencies.

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