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Binance US vs Webull – Where To Trade Crypto?

Binance US and Webull offer the ability to invest and trade cryptocurrency. On one hand Webull allows you to trade stocks, options, and ETF’s. On the opposite end Binance US is strictly for cryptocurrency trading, investing, and staking. Throughout this article we will cover some of the biggest advantages to using both of them. For now lets first go over why getting into crypto is a great idea in the first place.

Why Get Involved In Cryptocurrency?

Cryptocurrencies have a broad appeal for multiple reasons. Some reasons are along the lines of crypto being more secure than the conventional payment systems.

Wonder why? Well, it is due to blockchain, which is a decentralized processing and recording system. Furthermore, it removes central banks from money supply management, which means the money value isn’t threatened by inflation anymore.

It is also a reliable, censorship-resistant, and long-term store of value for your money.

It has become impossible for a government body to tax or confiscate your tokens without the owner’s cooperation. Thus, It offers you complete control over your money.

Moreover, cryptocurrency helps you rid yourself of worries like hyperinflation or bank failures that threaten to lower your money’s value.

Who Is Binance US?

Binance US is an investment platform that actively supports 60+ cryptocurrencies. It is an online cryptocurrency marketplace that offers trading services for individuals and institutions based in the US. It’s parent company Binance is one of the biggest cryptocurrency exchanges in the world. Due to regulations in the US they launched the Binance US platform in early 2019. Both platforms look nearly identical to one another.

Coins Available On Binance US

There are more than 60 cryptocurrencies you can buy and sell on bitcoin US, namely :

  • Bitcoin
  • Ethereum (ETH)
  • PAX Gold (PAXG)
  • Harmony (ONE)
  • Orchid (OXT)
  • Helium (HNT)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Stellar (XLM)
  • Tether (USDT)

There are also trading pair options like trade two cryptocurrencies without cashing out one for USD. You can also easily trade between fiat currencies like USD and crypto with ease.

Binance US Fees

The exchange involves a fee range from 0.1% to 5%, with a minimum of $10 depending upon the user’s funding method. The staking features offer rewards for holding crypto assets for a certain period. For instance, an annual reward ranging from 1-2% is offered if you hold a minimum of 20 QTUM.

When it narrows down to management fees, the Binance US allows you to place a regular trade and incur a 0.1% spot fee. If not, you can have your order performed instantly by paying a 0.5% for an instant buy/sell exchange.

The method choice for funding the account also influences the price to pay for the security services. Upon using a debit card, you would have to pay an extra 4.5%. However, there is a 0% deposit fee when transfers are made through ACH (electronic).

Who Is Webull?

Webull is a US-based finance tech startup. It offers discounts or zero-fee brokerage packages.  The US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are responsible for running Webull.

Although Webull made its debut in the industry a bit late, around some time in 2017, instead of letting this late entrance become a hurdle, Webull is effectively using this late launch as an opportunity.

Webull comes with dozens of technical indicators, level II market data from Nasdaq, in-depth charting, customization, and much more.

Coins Available On Webull

The following crypto coins are readily available on Webull:

  • Bitcoin (BTC)
  • Dogecoin (DOGE)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Shiba Inu (SHIB)
  • Litecoin (LTC)
  • ZCash (ZEC)
  • Cardano (ADA)
  • Stella Lumens (XLM)

Webull Fees

Webull promotes trades with a 0% commission fee and 0% charges on ETF and other trading options and charges no inactivity fee. However, it charges a security fee of up to $75 when you transfer securities full or partial from Webull to other brokers.

Besides, there are no charges when the transfer is made to Webull from other brokers. Trading fees come into play when there are trades. It can involve conversion fees, spreads, financing rates, and commission.

Benefits To Both Exchanges

When it comes to Binance US, it offers storage for crypto and USD assets. Institutional clients can utilize Webstock feed that supplies updated real-time data. At the same time, the exchange’s trading API grants you the advantage of programming the trading bots. In fact, the exchanges conducted through Binance US have garnered a 9.74 rating in cybersecurity from the CER crypto exchange platforms.

This institution suits individuals that are searching for investing in crypto with minimums and low trading fees. But still want to earn high staking rewards from multiple assets. It further profits individuals and institutions that value crypto trading pairs and often use them as a part of their trading strategies.

Next in line is Webull. It is one of the safest platforms as it is run by top-tier financial authorities. The Webull further offers investor protection of up to $500,000 while including a $250,000 cash limit under the SIPC (Securities Investor Protection Corporation) scheme.

The account opening is a smooth ride on Webull as it is entirely digital and fast. Furthermore, the platform offers trading platforms that are well-structured, offer a wide range of order types, and are user-friendly. All the trading platforms on Webull are browser-based and easily downloadable platforms that come with high-level charts, pointers, customization, and screeners. Moreover, Webull offers the same no-commission structure as modern fore-runner brokers like Robinhood and Moomoo. The biggest downside is the lack of coins for trading at the moment.

Binance US $50 Free

Final Thoughts

Both exchanges have their pros and cons, but Binance US is the far superior place to trade cryptocurrency. It offers over 60 plus coins, great security, and allows the option to stake certain altcoins. If you would like to get started on Binance US click here.


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