Compare Binance vs IDEX

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On this page, you can compare Binance with IDEX. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Binance was founded in 2017 in China. IDEX was founded in 2016 in Panama.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is IDEX. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Binance is Centralized and IDEX is Decentralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Binance has a mobile app available for iOS and Android. IDEX doesn't have a mobile app.

Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese.

Company
User rating User rating 2.8 / 5 45 user reviews User rating 3.7 / 5 15 user reviews
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 3.8 / 5
Trust Score How it works Trust Score 4.02 / 5 Trust Score 3.84 / 5

User rating

2.8 / 5 45 user reviews 3.7 / 5 15 user reviews

Cryptogeek rating

4.6 / 5 3.8 / 5

Trust Score

How it works
4.02 / 5 3.84 / 5

About

Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform. The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.

Founding Date

2017 2016

Country

China Panama

Type

Centralized Decentralized

Languages

English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian English, Spanish, Korean, Russian, Chinese, Vietnamese

Mobile app

iOS, Android -

Full address

Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) Unknown

Fees

Trading fees:
Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%)
VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600%
VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600%
VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600%
VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600%
VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540%
VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480%
VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420%
VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360%
VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300%
VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240%

Full fee schedule: https://www.binance.com/en/fee/schedule
Maker: 0.1%
Taker: 0.2%
About
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform. The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
Founding Date Founding Date 2017 Founding Date 2016
Country Country China Country Panama
Type Type Centralized Type Decentralized
Languages Languages English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian, Bulgarian Languages English, Spanish, Korean, Russian, Chinese, Vietnamese
Mobile app Mobile app iOS, Android Mobile app -
Full address Full address Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) Full address Unknown
Fees Fees Trading fees:
Level | 30d Trade Volume (BTC) &/or BNB Balance | Maker/Taker | Maker/Taker (BNB 25%off) | Maker/Taker (BNB x Referral 25% off x Kickback 20%)
VIP 0 < 50 BTC or ≥ 0 BNB 0.100% / 0.100% 0.0750% / 0.0750% 0.0600% / 0.0600%
VIP 1 ≥ 50 BTC & ≥ 50 BNB 0.090% / 0.100% 0.0675% / 0.0750% 0.0540% / 0.0600%
VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.080% / 0.100% 0.0600% / 0.0750% 0.0480% / 0.0600%
VIP 3 ≥ 1500 BTC & ≥ 500 BNB 0.070% / 0.100% 0.0525% / 0.0750% 0.0420% / 0.0600%
VIP 4 ≥ 4500 BTC & ≥ 1000 BNB 0.070% / 0.090% 0.0525% / 0.0675% 0.0420% / 0.0540%
VIP 5 ≥ 10000 BTC & ≥ 2000 BNB 0.060% / 0.080% 0.0450% / 0.0600% 0.0360% / 0.0480%
VIP 6 ≥ 20000 BTC & ≥ 3500 BNB 0.050% / 0.070% 0.0375% / 0.0525% 0.0300% / 0.0420%
VIP 7 ≥ 40000 BTC & ≥ 6000 BNB 0.040% / 0.060% 0.0300% / 0.0450% 0.0240% / 0.0360%
VIP 8 ≥ 80000 BTC & ≥ 9000 BNB 0.030% / 0.050% 0.0225% / 0.0375% 0.0180% / 0.0300%
VIP 9 ≥ 150000 BTC & ≥ 11000 BNB 0.020% / 0.040% 0.0150% / 0.0300% 0.0120% / 0.0240%

Full fee schedule: https://www.binance.com/en/fee/schedule
Fees Maker: 0.1%
Taker: 0.2%

Trading

Binance trading volume is 1,023,663,221.0. The exchange has 603 available trading pairs. Fiat trading is available on the exchange. Margin trading is available.

IDEX trading volume is 449,214.0. The exchange has 615 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.

Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.

Volume

1023663221 449214

Pairs

603 615

Coins

173 480

Fiat trading

-

Deposit

Free Depends on currency and volume

Fees

Percentage Percentage

Margin

Volume Volume 1023663221 Volume 449214
Pairs Pairs 603 Pairs 615
Coins Coins 173 Coins 480
Fiat trading Fiat trading Fiat trading -
Deposit Deposit Free Deposit Depends on currency and volume
Fees Fees Percentage Fees Percentage
Margin Margin Margin

Safety

Two factor authentication

Verified

Verified Verified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Verified Verified Verified

Social

Website

www.binance.com idex.market

Twitter

@binance @aurora_dao

Number of followers

1039263 378
Website Website www.binance.com Website idex.market
Twitter Twitter @binance Twitter @aurora_dao
Number of followers Number of followers 1039263 Number of followers 378

Rating

User rating User rating 2.8 / 5 45 user reviews User rating 3.7 / 5 15 user reviews
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 3.8 / 5

Cryptogeek summary

Binance user rating is 2.8, based on 45 user reviews. IDEX user rating is 3.7, based on 15 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
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Trust Score: 4.02 / 5
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Trust Score: 3.84 / 5
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On this page, you can compare Binance with IDEX. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Binance was founded in 2017 in China. IDEX was founded in 2016 in Panama.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is IDEX. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Binance is Centralized and IDEX is Decentralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Binance has a mobile app available for iOS and Android. IDEX doesn't have a mobile app.

Binance has 19 languages available, including English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian. IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese.