MoonPay vs Binance: Which is Best? [2026]
Key differences
Binance vs MoonPay in Comparison
Description
Global cryptocurrency exchange with extensive trading features and high liquidity.
Simple app to buy Bitcoin with your bank or debit card. Works in most countries but has very high fees.
Supported Countries
Available in over 100 countries. Notable regions include: Africa (South Africa), Americas (Argentina, Brazil, Chile, Colombia, Mexico, Peru), Asia & Pacific (Australia, India, Indonesia, Japan, Philippines, New Zealand), Europe (France, Italy, Poland, Spain, Switzerland), and Middle East (UAE, Saudi Arabia, Israel).
Available in 160+ countries. Regulated globally with licenses in major jurisdictions including UK, US, EU, Canada, and Australia.
Supported Cryptocurrencies
350+ cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and many more
160+ cryptocurrencies including BTC, ETH, USDC, USDT, DAI and many more
Fees
- Trading Fees:
- Regular User: 0.1000% / 0.1000% (Maker/Taker)
- With BNB discount: 0.0750% / 0.0750%
- VIP tiers available with lower fees (down to 0.0110% / 0.0230%)
- Fees decrease with higher 30-day trading volume and BNB holdings
- Deposit Fees:
- SEPA Bank Transfer (EUR): 1 EUR
- Credit/Debit Card: 2.00%
- Bank Transfer: 0-1.40% (varies by region)
- P2P Express: Free
- Withdrawal Fees:
- SEPA Bank Transfer (EUR): 1 EUR
- Bank Transfer: Varies by currency (e.g., 120 AED, 3.5 BRL, 150 JPY)
- P2P Express: Free
- Corporate Bank Transfer: Varies by region
- Deposit Fees:
- Bank Transfer: 1%
- Credit/Debit Card: 4.5%
- Apple Pay/Google Pay: 4.5%
- PayPal: 4.5%
- MoonPay Balance: 0%
- Withdrawal Fees:
- Bank Transfer: 1%
- PayPal: 3.4%
- BTC: Network fees apply
Payment Methods
Bank Transfer (SEPA), Credit/Debit Card, P2P Express, Online Banking, Corporate Bank Transfer (varies by region)
Bank Account, Credit Card, Debit Card, Apple Pay, Google Pay, PayPal
Do These Exchanges Allow you To Earn Interest on Crypto?
Mobile App Ratings
iOS Rating: 4.6 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.7 Official rating from the Android Play Store as of November 18, 2024.
iOS Rating: 4.2 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.0 Official rating from the Android Play Store as of November 18, 2024.
Storage
Industry standard security measures including 2FA authentication, cold storage, SAFU fund for asset protection
Advanced security infrastructure with multi-signature wallets, cold storage solutions, and regular security audits. Features include 2FA authentication, biometric verification, and compliance with global regulatory standards.
Have These Exchanges Been Hacked Before?
Two major incidents - October 2022 BNB Chain hack ($570M), May 2019 exchange hack ($40M). Both incidents were addressed and user funds were secured.
No. No publicly reported major hacking incidents.
Official Site
Exchange Review
No review available
"I really love the Binance app! The interface is user-friendly and very smooth to use. Market data updates quickly, helping me seize trading opportunities in a timely manner. I am very satisfied with the app's security, allowing me to trade with peace of mind."
- Real user review from iOS App Store, Android Play Store or Trustpilot
No review available
"MoonPay has been fantastic for buying crypto quickly and easily. The verification process was smooth, and I love having multiple payment options. Their zero-fee feature with MoonPay Balance is a game-changer."
- Real user review from iOS App Store, Android Play Store or Trustpilot
MoonPay vs Binance Comparison
MoonPay and Binance serve very different purposes in the crypto ecosystem. MoonPay is a fiat-to-crypto on-ramp designed for quick, easy purchases with credit cards or bank transfers. Binance is the world's largest cryptocurrency exchange by trading volume, offering advanced trading features and hundreds of cryptocurrencies.
Fee Comparison
MoonPay charges:
- 4.5% for credit/debit cards, Apple Pay, Google Pay, and PayPal
- 1% for bank transfers
- 0% for MoonPay Balance
- Additional spread built into pricing
Binance charges:
- 0.1% standard trading fee (maker/taker)
- 0.075% with BNB discount
- 2% for credit/debit card purchases
- Free P2P trading
Who Should Use Each?
Choose MoonPay if: You want the simplest possible way to buy crypto with a card, need to purchase quickly without creating an exchange account, or live in a region where Binance isn't available.
Choose Binance if: You want the lowest possible fees, plan to trade actively, need access to hundreds of altcoins, or want advanced features like futures and margin trading.
Key Takeaways
For most users, Binance offers significantly better value due to its low fees. However, MoonPay's simplicity makes it useful for one-time purchases or for users who find exchanges intimidating. If you're in the US, note that you'll need to use Binance.US, which has a more limited feature set than the global platform.
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