Binance vs. Wise

Binance

Binance

26 Reviews and Ratings

Wise

Wise

43 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Binance	Score 8.0 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
Wise	Score 9.4 out of 10	N/A	Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world.	$0.02 One time/%

Pricing

Binance

Wise

Editions & Modules

No answers on this topic

ATM Fees over 100 USD per month: 2%
One time/%
Accounting Funding transactions: 2%
One time/%
Receiving USD wire payments: 4.14 USD
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Getting the Wise Debit card: 5 USD
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Getting account details in 10 currencies: 31 USD
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Sending money: From 0.41%
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Converting money: From 0.41%
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Offerings

Pricing Offerings
Binance	Wise
Free Trial
No	No
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	No

Entry-level Setup Fee

No setup fee

No setup fee

Additional Details

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More Pricing Information

Community Pulse
	Binance	Wise
Considered Both Products	Binance Moses Thien Consultant Chose Binance start using binance. Incentivized Helpful? Verified User Anonymous Chose Binance The better amount of currency to currency exchanges available. Binance platform has it set in a way to do more advanced trading via triggers and setting points at buying and selling possibilities. It is a proven exchange over time that gives you the confidence that the platform … Incentivized Helpful? JI Juan Iturbe FAcility coordinator Chose Binance I haven't reviewed or evaluated another product/program like Binance. Incentivized Helpful? Verified User Anonymous Chose 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. Incentivized Helpful? Verified User Anonymous Chose Binance Binance is very similar to Coinbase, however, Coinbase feels more grounded and user-friendly. However, this could just be the interface. Binance has more available tokens and coins, and lower transaction fees. This is very important when volume comes into play for the future. … Incentivized Helpful? Verified User Anonymous Chose Binance It's better user friendly and also safer Incentivized Helpful? Verified User Anonymous Chose Binance I initiate in this word of the cryptocurrencies using bitso, it's an exchanger, works well, but doesn't work as a wallet. Binance offers me security and a comprehensive site that tells me where are my cryptos, how can I buy, and other tools to forecast the behavior of the … Incentivized Helpful? CH Camilo Honorato Analista de Marketing Chose Binance I have not used another platform like Binance, but when I started into the crypto world I read a lot about platforms for this, but the most popular one and the fact of having the BNB makes me choose Binance It also helps the awesome Binance videos you can find on Youtube Incentivized Helpful?	Wise Arpad Szucs Brand Designer \| UI, UX & Visual Designer Chose Wise Wise has great transfer fees, while Stripe has online payment options. We are using both services since Stripe can be connected to our invoicing platform, and our clients can pay us with a few clicks. Wise, as far as I know, does not offer such integration, and all transfers … Incentivized Helpful? Faisal Ahmed Frontend Web Developer Chose Wise I used all of them and some more like Skrill, Neteller. Wise just worked better for me in most cases. Also, I use Payoneer a lot. When I started freelancing I was only using Payoneer, so it's been with me forever. But Wise worked pretty well for me, at least better than Remitly. Incentivized Helpful? Jenson Teo (赵俊杰） Business Development Director Chose Wise Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very … Incentivized Helpful? Verified User Anonymous Chose Wise Stripe is good and convenient as well. However to setup something more in-depth as an invoicing platform, Stripe definitely is more flexible. The only downside to Stripe is.. It takes a higher transfer fee as compared to TransferWise. Incentivized Helpful? CL Connie Lovato Controller Chose Wise Transferwise is less expensive. Incentivized Helpful? Verified User Anonymous Chose Wise With Revolut, taxes are lower (even for free) for small number of transfers and small amounts. It all depends on the individual needs. However, Revolut is worse with regards to user experience and interface, what is something to consider (specially when dealing with the upload … Incentivized Helpful? ES Elaine Smith Producing Artistic Director Chose Wise We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case … Incentivized Helpful? Bhabishya Bhatt Content Writer Chose Wise Payoneer Incentivized Helpful? Jason Rutel Creative Director & Owner Chose Wise TransferWise beats all the competition on transaction rates, and it's easy to use. I literally have found no drawbacks in using TransferWise to pay my overseas contractors, and they prefer it too. I found it because my contractor recommended it to me, and it's better AND … Incentivized Helpful? Verified User Anonymous Chose Wise We have used Xoom and PayPal Payments, but TransferWise works for additional countries and has more transparent fees. Incentivized Helpful? Verified User Anonymous Chose Wise We cannot send to certain locations that we need to, but with TransferWise we can. Incentivized Helpful? Dr Olivier Becherel - Leadership and Executive Coaching Mentor & Coach Chose Wise TransferWise has lower transaction fees A better user interface--much cleaner, and simple to use Very simple and smooth process to transfer and receive money Incentivized Helpful? Verified User Anonymous Chose Wise TransferWise was the only solution that we've found that will allow us to facilitate ACH payments that result in an overseas deposit. The fact that you can transfer money to TransferWise and that they can then make a local transfer is awesome. The fees are totally worth it with … Incentivized Helpful? Marcelo de Vasconcellos Senior Visual Designer Chose Wise We had used bank transfers for several years, but TransferWise outdoes them in almost all aspects. It leaves out most of the bureaucracy, and it is agile and much cheaper. Also, TransferWise reliably sends messages as each step of the transaction is completed. Perhaps … Incentivized Helpful?

Best Alternatives
	Binance	Wise
Small Businesses	Coinbase Score 9.0 out of 10	Square Invoices Score 9.2 out of 10
Medium-sized Companies	Coinbase Score 9.0 out of 10	Apple Pay Score 9.3 out of 10
Enterprises	No answers on this topic	Checkout.com Score 8.5 out of 10
All Alternatives	View all alternatives	View all alternatives

User Ratings
	Binance	Wise
Likelihood to Recommend	8.2 (0 ratings)	9.0 (0 ratings)
Support Rating	- (0 ratings)	10.0 (0 ratings)

User Testimonials
	Binance	Wise
Likelihood to Recommend	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. Incentivized Moses Thien Consultant Read full review	Transferwise it is great for transferring money across countries (never for transfers within the same country) and when the countries in question use different currencies. It is very quick, especially if the amount is not big. For larger amounts, it would take longer so it would be good only if you are not time-constraint. Incentivized Verified User Anonymous Read full review
Pros	Great for exchanging FIAT into CRYPTO. Great for exchanging CRYPTO into FIAT. The user interface is simple. Easy for the team to quickly see charts and graphs. Incentivized Verified User Anonymous Read full review	Quick - because funds are transferred domestically, even when going international, you don't have to wait long. Easy - the printout of what information I needed to give the sending bank was complete and easy to understand. Affordable - the fees on both ends were minimal. Incentivized Sarah Daggett Systems Manager Read full review
Cons	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. Incentivized Verified User Anonymous Read full review	TransferWise (at the time of this review) does not allow one to transfer money to all kinds of business accounts. This can be a limitation for people who want to use it as a way to pay directly for goods and services. Sometimes it has problems with some credit cards. But the most popular types are accepted without problems. TransferWise accepts fewer currencies than other services. But it seems like this is a temporary problem, and the company is making efforts to support transferences to all of the currencies. Incentivized Marcelo de Vasconcellos Senior Visual Designer Read full review
Support Rating	No answers on this topic	We haven't really had to engage with TransferWise support. The platform is simple and easy to use. Incentivized Verified User Anonymous Read full review
Alternatives Considered	The better amount of currency to currency exchanges available. Binance platform has it set in a way to do more advanced trading via triggers and setting points at buying and selling possibilities. It is a proven exchange over time that gives you the confidence that the platform will not go bankrupt and lose all your crypto. Incentivized Verified User Anonymous Read full review	Apple Pay has high fees and hidden charges, not easy to use and it does not really support enterprises. It is also not regulated by MAS so we don't feel safe using it. Transferwise account was easy to set up (within minutes), the admin fee is low and the pricing is very transparent (no hidden fee). Lastly, we needed a platform which is safe to use and we are happy to know that Transferwise is regulated by the MAS of Singapore. Incentivized Jenson Teo (赵俊杰） Business Development Director Read full review
Return on Investment	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 Incentivized RM Rajat Miglani Test Lead Read full review	We can save around 5% on our transfer fees The online account management is easier than going into banks personally There's no negative impact... Arpad Szucs Brand Designer \| UI, UX & Visual Designer Read full review
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