Binance ile Bitso karşılaştır Exchange

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Introduction

When considering the world of cryptocurrency trading, investors must weigh global giants against regional-focused platforms. Two notable exchanges are Binance and Bitso. Both facilitate crypto transactions, yet they differ significantly in size, history, functionality, and market focus. This article provides a detailed comparison of Binance vs Bitso Exchange, exploring their backgrounds, technologies, offerings, and user interfaces to highlight similarities, differences, advantages, and drawbacks.

History and Background of Binance

Binance was founded in 2017 by Changpeng Zhao (CZ) and quickly grew to become one of the leading global cryptocurrency exchanges. Initially based in China, it relocated due to regulatory pressures and now operates internationally without a fixed headquarters.

Its growth was driven by a wide selection of cryptocurrencies, competitive fees, and effective marketing. Binance has expanded its ecosystem to include Binance Smart Chain (BSC), decentralized finance (DeFi) tools, staking options, NFT marketplaces, and educational initiatives. Today, Binance serves millions of users in over 100 countries, providing both retail and institutional services.

History and Background of Bitso

Founded in 2014 in Mexico, Bitso is a prominent cryptocurrency exchange in Latin America. Its mission is to connect traditional finance with crypto, promoting financial inclusion in emerging markets. Bitso was among the first in the region to offer crypto-fiat trading pairs, helping drive adoption across Mexico, Argentina, Brazil, and Colombia.

Unlike Binance’s global strategy, Bitso concentrates on Spanish- and Portuguese-speaking regions, offering localized solutions like fiat on/off ramps integrated with local banking systems. Bitso holds regulatory licenses in Gibraltar and Mexico, underlining its commitment to compliance and user protection.

Supported Assets and Trading Pairs

Binance is known for its extensive range of cryptocurrencies. It supports over 350 coins and thousands of trading pairs, from major assets like Bitcoin, Ethereum, and Solana to niche tokens. Binance’s liquidity options include spot, margin, and futures markets, catering to diverse trading strategies.

Bitso, in contrast, provides a smaller but practical selection. Offering about 50 coins, including leading cryptocurrencies and popular stablecoins in the region, Bitso prioritizes accessibility. Its goal is to ensure users in Latin America can easily buy, sell, and transfer crypto for practical uses such as remittances or savings.

Trading Features and Tools

Binance offers a sophisticated trading platform tailored to professional traders:

  • Spot, margin, and derivatives trading with high leverage options.

  • Binance Earn for staking or lending assets to earn passive income.

  • Launchpad for token sales and project incubation.

  • NFT Marketplace, liquidity farming, and cross-chain bridges for DeFi.

Bitso provides a simpler toolkit:

  • An intuitive buy/sell interface for beginners.

  • Bitso Alpha, an advanced platform for experienced traders.

  • Cross-border blockchain payments to reduce remittance costs.

  • Bitso Transfer for instant crypto transfers between users.

Binance is suited for retail and professional traders, while Bitso emphasizes financial accessibility and practical crypto applications.

Costs and Fees

Binance offers competitive fees, starting at 0.1% per trade, with discounts for using Binance Coin (BNB). High-volume and institutional traders benefit from tiered discounts.

Bitso’s fees vary by trading volume, typically ranging from 0.1% to 1% per order, depending on the asset and order size. While Bitso can be costlier than Binance for active traders, its stable fees and local currency support appeal to casual Latin American users.

Security and Regulation

Security is crucial for both platforms but approached differently.

Binance employs strong safeguards such as two-factor authentication, withdrawal whitelists, cold storage, and an insurance fund called SAFU. However, regulatory challenges in multiple countries, including the U.S., UK, and Canada, have resulted in restrictions or suspensions.

Bitso emphasizes compliance, holding licenses from the Gibraltar Financial Services Commission and adhering to Mexican fintech regulations. Security measures include two-factor authentication, encryption, and insured custody partnerships. Its smaller scale shields it from some global controversies affecting Binance.

User Experience and Accessibility

Binance’s platform can overwhelm newcomers with its extensive features and complex charts, though a simplified beginner mode and mobile app are available.

Bitso prioritizes ease of use, offering a minimalist interface and smooth local payment processing, which benefits Latin American users with restricted banking or limited access to international exchanges.

Geographic Reach and Market Orientation

Binance operates globally, serving users across Europe, Asia, Africa, and the Americas, with localized services in various regions. Regulatory pushback occasionally limits offerings.

Bitso focuses on Latin America, providing local fiat gateways and remittance support, making it suitable for Mexican, Brazilian, and Argentine users. Unlike Binance, Bitso prioritizes regional specialization over global expansion.

Pros and Cons of Binance

  • Wide cryptocurrency selection and numerous trading pairs.

  • Competitive trading fees with volume-based discounts.

  • Professional and institutional tools.

  • Ecosystem extends beyond trading (NFTs, DeFi).

  • Regulatory challenges in several countries.

  • Complex interface for beginners.

  • Risks related to global operations.

Pros and Cons of Bitso

  • Strong focus on Latin American markets.

  • User-friendly interface for beginners.

  • Licensed and regulated in multiple jurisdictions.

  • Integrated remittance services with local banks.

  • Limited altcoin selection.

  • Higher fees than Binance.

  • Fewer advanced professional trading tools.

Frequently Asked Questions (FAQ)

Is Binance better for beginners than Bitso?
Binance offers more features but a complex interface. Bitso is simpler and may suit beginners in Latin America.

Can I trade derivatives on Bitso?
No, Bitso focuses on spot trading and payments; Binance offers derivatives and margin trading.

Which platform is safer?
Both use robust security, but Binance’s regulatory issues may pose risks. Bitso is smaller but well-regulated locally.

Which platform is less costly?
Binance generally has lower fees for large-volume trading. Bitso’s fees may be higher but are reasonable for small-scale retail trades.

Company
User rating User rating 2.9 / 5 43 user review User rating 4.3 / 5 14 user review
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4 / 5
Trust Score How it works Trust Score 4.05 / 5 Trust Score 4.23 / 5

User rating

2.9 / 5 43 user review 4.3 / 5 14 user review

Cryptogeek rating

4.6 / 5 4 / 5

Trust Score

How it works
4.05 / 5 4.23 / 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.
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors. But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account. 

Founding Date

2017 2014

Country

China Mexico

Type

Centralized Centralized

Languages

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

Mobile app

iOS, Android iOS, Android

Full address

Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530

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
1.00% - 0.10% (BTC/MXN)
1.00% - 0.10% (ETH/MXN)
0.80% - 0.10% (XRP/BTC)
0.80% - 0.10% (XRP/MXN)
1.00% - 0.10% (ETH/BTC)
0.50% (BCH/BTC)
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.
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors. But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account. 
Founding Date Founding Date 2017 Founding Date 2014
Country Country China Country Mexico
Type Type Centralized Type Centralized
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, Portuguese, Spanish
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address Valletta, NA - Malta, Malta (The exchange does not disclose the exact location of its office) Full address Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530
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 1.00% - 0.10% (BTC/MXN)
1.00% - 0.10% (ETH/MXN)
0.80% - 0.10% (XRP/BTC)
0.80% - 0.10% (XRP/MXN)
1.00% - 0.10% (ETH/BTC)
0.50% (BCH/BTC)

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.

Bitso trading volume is 2,841,151.0. The exchange has 17 available trading pairs. Fiat trading is available on the exchange. Margin trading is not 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 2841151

Pairs

603 17

Coins

173 10

Fiat trading

Deposit

Free Depends on currency and volume

Fees

Percentage Percentage

Margin

-
Volume Volume 1023663221 Volume 2841151
Pairs Pairs 603 Pairs 17
Coins Coins 173 Coins 10
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 Unverified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Verified Verified Unverified

Social

Website

www.binance.com bitso.com

Twitter

@binance @bitso

Number of followers

1039263 24695
Website Website www.binance.com Website bitso.com
Twitter Twitter @binance Twitter @bitso
Number of followers Number of followers 1039263 Number of followers 24695

Rating

User rating User rating 2.9 / 5 43 user review User rating 4.3 / 5 14 user review
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4 / 5

Cryptogeek summary

Conclusion

Comparing Binance vs Bitso Exchange shows two contrasting trading models. Binance is a global leader with extensive products for professional traders and institutions, while Bitso offers accessible financial services in Latin America. International users seeking diversity and advanced tools may prefer Binance, while Latin American customers valuing local support and simplicity may find Bitso more suitable. Choice depends on the user’s location, trading needs, and preference for scale or specialization.

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?
Trust Score: 4.05 / 5
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Trust Score: 4.23 / 5
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On this page, you can compare Binance with Bitso. 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. Bitso was founded in 2014 in Mexico.

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 Bitso. 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 Bitso is Centralized. 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. Bitso has a mobile app available for iOS and Android.

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. Bitso has 3 languages available, including English, Portuguese and Spanish.