Binance vs. E*TRADE

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Binance
Score 8.1 out of 10
N/A
Binance is a global blockchain and cryptocurrency infrastructure provider with a financial product suite that boasts the largest digital asset exchange by volume.N/A
E*TRADE
Score 1.4 out of 10
N/A
E*TRADE is a financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the Company focused on delivering complete and easy-to-use solutions for traders, investors and stock plan participants.N/A
Pricing
BinanceE*TRADE
Editions & Modules
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Offerings
Pricing Offerings
BinanceE*TRADE
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details$0--Stocks, options, and ETFs/ $0.65 50¢ with 30+ trades per quarter--Options contracts/ $1.50--Futures contracts/ $1.00 per bond, (minimum $10, maximum $250)--Bonds (online secondary trades)
More Pricing Information
Best Alternatives
BinanceE*TRADE
Small Businesses
Coinbase
Coinbase
Score 8.6 out of 10
Coinbase
Coinbase
Score 8.6 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 8.6 out of 10
Coinbase
Coinbase
Score 8.6 out of 10
Enterprises

No answers on this topic

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
BinanceE*TRADE
Likelihood to Recommend
8.2
(12 ratings)
1.3
(5 ratings)
User Testimonials
BinanceE*TRADE
Likelihood to Recommend
Binance
If you are into crypto, it is definitely a platform that needs to be used for your business if you want to adapt to a modern-day solution. Especially with a lot of exchanges platform or crypto platforms around, I do think it's a good idea to find one that is highly regulated and well known in the industry. That's why Binance is a go too platform.
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E*TRADE
During the COVID pandemic, the airline companies were taking a big hit on travel and I saw this as a great opportunity to invest in airline stock because its value in the market had dropped tremendously. I used this opportunity to invest in multiple airline stocks through e-trade by buying the stock at an all-time low for airline stock. It was a great investment for me in the long term.
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Pros
Binance
  • Has the best data, tables and choices of all platforms out there.
  • Best charges / prices with quick transfers of currency from fiat banks to Binance
  • Best selection of currencies
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E*TRADE
  • I like their sell orders that allow you to set a price or percentage as a stop loss.
  • Their dashboard is easy to use and gives you some quick info.
  • I also like E*TRADE's reports for gains and losses.
  • Moving funds into and out of your accounts is pretty simple with E*TRADE.
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Cons
Binance
  • You have to login every time you use it due to security concerns.
  • The fees and charges are not clear sometimes
  • Make sure you go through the terms carefully before using any platform.
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E*TRADE
  • summary page needs to have more details like it doesn't show current market price for an option purchased
  • purchase or sell needs to be user friendly so it takes less time.
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Alternatives Considered
Binance
We found that Binance has a better fee structure. We also found Binance to be much easier to use. I have a little bit of experience in the trading space, but it was essential to have an easy-to-use platform for inexperienced employees to use while keeping up with new technology.
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E*TRADE
robinhood is similar to e-trade but they are geared more to bitcoin and companies that may not be offered on E*TRADE because they are off-market companies.
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Return on Investment
Binance
  • It gave good opportunity for investment which resulted in good ROI
  • It's better than Indian Exchanges as the manipulation is high there
  • It's the best platform to check the actual prices of coins as other applications nowadays are fluctuating in prices
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E*TRADE
  • Limit how much you want invest.
  • This is an open trade website and there is a risk of losing your money based on your investments.
  • If you make some sound investments and keep yourself within a budgeted spending limit there is the opportunity to make money on e-trade.
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