Binance.US$10Robinhood vs Binance.US: fees, withdrawals, safety and which to use
Robinhood and Binance.US have the same published fee of $0 for a $1,000 purchase by bank transfer.
Fees compared: Robinhood and Binance.US
For $1,000, the published dollar fees for Robinhood and Binance.US come from each exchange's own pages.
| $1,000 and the basics | Robinhood | Binance.US |
|---|---|---|
| Buy by bank transfer (ACH) | $0 | $0 |
| Buy by debit card | – | $39.90 |
| Buy by wire | $0 | $0.20 |
| Sell and send to your bank (ACH) | $9.50 | $0.20 |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $25 | $25 |
| Cash out instantly to a debit card | $17.50 | – |
| States it does not serve | Serves every state | Maine, Texas, New York, Alaska, Oregon, Georgia, Ohio, Washington, Vermont, Connecticut, North Carolina, North Dakota, Guam, American Samoa, Northern Mariana Islands, U.S. Virgin Islands |
| Serves New York | Yes | No |
| Bank withdrawal | Free | Free, 1-5 business days depending on the bank |
| NYDFS licence | Yes | No |
| FinCEN registration | – | Registered |
| App Store rating (ratings) | 4.3 (4,899,968) | 4.2 (111,067) |
| Coins listed | 92 | 204 |
A dash shows that the exchange gives no figure for that row; "Not offered" shows the method isn't supported.
In your state: Robinhood compared with Binance.US
Binance.US does not offer service in Alaska, Connecticut, Georgia and Maine. It also doesn't serve New York, North Carolina, North Dakota and Ohio, Oregon, Texas, Vermont and Washington, American Samoa, Guam, Northern Mariana Islands or U.S. Virgin Islands. Robinhood serves all these places.
Withdrawals from Robinhood and Binance.US
Robinhood bank withdrawals cost nothing.
Binance.US bank withdrawals cost nothing and reach your bank within 1-5 working days, based on the bank.
Safety with Robinhood compared to Binance.US
Robinhood's New York licence or charter comes from NYDFS.
For New York, Binance.US has no NYDFS licence.
Apps and coins from Robinhood compared with Binance.US
The App Store gives the Robinhood app 4.3 out of 5 across 4,899,968 ratings.
The App Store gives the Binance.US app 4.2 out of 5 across 111,067 ratings.
Which should you pick: Robinhood or Binance.US?
- Choose Robinhood if you will use its order book and Exchange routing fee tiers, or if you live in a state that others leave out.
- Choose Binance.US when you'll use Advanced (Spot) Trading with its order book.
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