Buying $1,000 by bank transfer costs $0 on Binance.US, while the same buy costs $12 on Gemini.
Fees compared: Binance.US and Gemini
The dollar fee figures for $1,000 come from the pages published by each exchange, Gemini and Binance.US.
| $1,000 and the basics | Gemini | Binance.US |
|---|---|---|
| Buy by bank transfer (ACH) | $12 | $0 |
| Buy by debit card | $34.90 | $39.90 |
| Buy by wire | $12 | $0.20 |
| Sell and send to your bank (ACH) | $12 | $0.20 |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $25 | $25 |
| States it does not serve | Serves every state | American Samoa, Guam, Northern Mariana Islands, Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, Washington, and U.S. Virgin Islands |
| Serves New York | Yes | No |
| Bank withdrawal | You pay nothing for this service. Start an ACH withdrawal before 3pm ET, and it's usually processed that same day or on the following working day | Free, 1-5 business days depending on the bank |
| NYDFS licence | Yes | No |
| FinCEN registration | – | Registered |
| App Store rating (ratings) | 4.8 (109,951) | 4.2 (111,067) |
| Google Play rating (ratings) | 4.0 (55,353) | – |
| Coins listed | 99 | 204 |
A dash in any row means the exchange gives no figure. "Not offered" means the method isn't available.
Your state: Binance.US vs Gemini
Gemini serves American Samoa, Guam, Northern Mariana Islands, Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, Washington and U.S. Virgin Islands, none of which Binance.US serves.
Withdrawals from Binance.US and Gemini
Gemini offers free bank withdrawals. Start an ACH withdrawal before 3pm ET, and it's typically processed that day or the next working day
Binance.US applies no charge when you make a bank withdrawal. Depending on the bank, processing takes from 1 working day to 5 working days.
Gemini and Binance.US safety
NYDFS gives Gemini a licence or charter in New York.
For New York, Binance.US holds no NYDFS licence.
Apps and coins for Gemini and Binance.US
Gemini earns 4.8 out of 5 on the App Store based on 109,951 ratings, plus 4.0 on Google Play from 55,353 ratings.
According to the App Store, 111,067 ratings place Binance.US at 4.2 out of 5 stars.
Should you choose Gemini or Binance.US?
- Choose Gemini if you'll use Gemini ActiveTrader and its order book, or if other exchanges don't serve your state.
- Pick Binance.US if you'll use Advanced (Spot) Trading and its order book.
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