Capital.com vs Binance: Compare the differences in detail

ReviewsOctober 7, 2021

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The cryptocurrency market is gaining more and more interest from traders. Capital.com vs Binance are two exchanges that both allow cryptocurrency trading, but they are entirely different. Although for experienced investors, it is easy to distinguish between these two floors. But for many newcomers, it may not be so simple. This article compares the pros and cons of the Capital.com broker vs the Binance exchange to help users choose a suitable exchange to invest in cryptocurrencies.

Overview of Capital.com and Binance

Capital.com is a CFD broker with over 3000 assets launched in 2016. Binance Exchange is the world’s leading crypto exchange launched a year after Capital.com, 2017. From launch to date, both Capital.com and Binance are highly regarded by global users. Capital.com is famous for its large amount of assets, 0% commission, and no hidden fees. Meanwhile, Binance is famous for processing more than 1.4 million orders per second and reaching the largest daily crypto trading volume. Besides, Capital.com is known as the world’s first modern, user-friendly, and AI-powered trading platform. And Binance is a highly secure, professional, multi-featured platform.

What is Capital.com?

* See more: The complete guide Capital.com from a to z

Capital.com is a CFD broker that offers a wide range of trading markets, including 9 of the most popular cryptocurrencies. It is also a broker that provides a friendly crypto trading platform in addition to traditional crypto exchanges like Binance. Capital.com allows users to trade long or short in cryptocurrencies in the form of CFDs without having to own or hold cryptocurrencies on an account. Especially, Capital.com is free to trade cryptocurrencies and spreads are also very competitive. Besides, when trading cryptocurrencies on Capital.com, users can use leverage to increase trading capital.

What is Binance?

* See more: The complete guide Binance from a to z

Binance is the world’s largest cryptocurrency exchange with over 150 different cryptocurrencies and daily trading volume, with hundreds of millions of customers and billions of dollars in total transactions. la every day. With such a large trading volume, Binance is one of the crypto exchanges with the best liquidity, fastest transaction processing speed. Binance users use a variety of popular transaction methods such as wire transfers, e-wallets, credit cards, etc. Transaction fees on Binance are also rated as top competitive compared to other cryptocurrency exchanges. . In particular, Binance is also famous for having a large number of cryptocurrencies, and users can invest, trade, save, staking, and many other related features on the cryptocurrency market.

Similarities Between Capital.com vs Binance

The two exchanges mentioned above have many similarities, such as Both allowing cryptocurrency trading, both allowing Vietnamese investors to open trading accounts, and both have quite a few payment gateways…

These outstanding standard features make many people want to compare these two exchanges, especially crypto investors.

capital.com vs binance: Compare the differences between in detail

Difference between Capital.com vs Binance

Trading assets

Binance is the world’s leading cryptocurrency exchange. If you want to trade cryptocurrencies, almost everyone knows and learns about Binance as the exchange with today’s most cryptocurrencies. When you trade crypto on Binance, you can own real cryptocurrency, easily withdraw or transfer it to other crypto wallets outside of Binance or to someone using Binance.

* See more: The complete guide Binance from a to z

In contrast, Capital.com is a CFD and Forex trading platform with many assets, including indices, stocks, commodities, and cryptocurrencies. Capital.com offers cryptocurrency as a trading asset. However, the cryptocurrencies offered on Capital.com are not as rich as on Binance. And cryptocurrencies are traded on Capital.com only in the form of CFDs, which means you can only change the crypto price, not transfer crypto outside of Capital.com.

These are the two most fundamental differences between these two exchanges. However, if you only have to trade some popular crypto like BTC, you find the Binance exchange too tricky to use. Capital.com may still be the choice for you. On the contrary, if you want to trade rare crypto or own real crypto, you should choose Binance.

Minimum deposit

Capital.com is one of the CFD brokers that allows a shallow minimum deposit, only 20$.

However, Binance does not have a minimum deposit requirement. You can buy as many coins as you want. Binance only limits the maximum trading amount, depending on your account level.

Payment methods

Capital.com is a broker that offers a wide variety of payment gateways compared to other CFD brokers in the same industry. Capital.com’s deposit/withdrawal ports Capital.com include credit cards, e-wallets, bank transfers, and online payment channels.

Likewise, Binance also offers a variety of payment gateways. However, in detail, Binance offers a more significant number of banks and withdrawal channels than Capital.com.

Management agency

A reputable exchange is always under the management of large and famous regulatory agencies. When under the control of an agency, that exchange will have to operate according to the regulations and principles of that agency, subject to the strict supervision of that agency.

The FCA regulates the new Binance exchange in 2021.

Meanwhile, Capital.com is managed by many reputable agencies worldwide such as FCA, CySec, ASIC…

* See more: The complete guide Capital.com from a to z

Trading software

Trading software is the first and decisive factor in bringing the trading experience to users. Both Binance and Capital.com have web-based trading software and mobile apps.

However, for someone new to trading, you may prefer Capital.com’s user-friendly interface. Besides, Capital.com also has the function to open a Capital.com account on MetaTrader 4. This is reasonably necessary for traders who are used to trading with MT4 software. This is the optimal trading software that supports traders and allows the installation of more technical indicators and trading robots at will.

Binance offers a lot of trading and investing features specifically for the cryptocurrency market. However, this is only suitable for investors interested in the cryptocurrency market and familiar with this exchange.

Account currency

Capital.com floor only accepts three base currencies: USD, EUR, GBP.

Meanwhile, Binance offers a wide range of currencies, including minor currencies.

Summary

Overall, Capital.com and Binance are both large and regulated exchanges. However, Binance only focuses on the crypto market and is suitable for professional crypto investors. Meanwhile, Capital.com offers a broader range of CFD assets. If you want to trade cryptocurrencies but want to trade and invest in big coins, you can choose Capital.com because its interface is quite friendly and easy to use. Or, if you’re going to diversify your portfolio with different asset classes, Capital.com is also a better choice.

* See more: The complete guide Capital.com from a to z

On the contrary, if you are a professional cryptocurrency investor and want to invest in many different coins, including emerging currencies, Binance is the first choice for you.

* See more: The complete guide Binance from a to z

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