The following article will be comparing Binance.sg against Coinhako, their pros and cons. I will skip the respective company intro as everyone should already who Binance and Coinhako is. For a start, Binance is new in Singapore and been around since 2019 where Coinhako has been around since 2014. For a start, Binance only offer 8 crypto currencies which in IMHO are solid. Let’s compare these crypto currencies trading fees to Coinhako.
The following table is from Binance.sg
Let’s compare side-by-side to Coinhako.com
For ease of use, i cross-reference the common crypto currencies, see following withdrawal fees.
For ease of use, i edited the Binance fees for easier comparison.
Other than XRP, BCH, and BNB, Binance is cheaper that Coinhako. No clear winner here, depends on the cryptos that u are interested in.
Coinhako charge 1.0% for every sale and purchase of crypto whereas Binance only charge 0.6%. Better Rate-Binance Singapore.
Both also allow xfers for deposit of cash. What Coinhako has is in terms of:
- More cryptocurrencies which equal to more choices
- More rewards and promos
Coinhako is applying to be a licensed operator hence they have more compliance to deal with. Overall, use each exchange to your needs, depending on your choice of crypto currencies.