Compare Binance and BitMEX

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At a Glance
Binance
Binance
Star Rating
(180)3.9 out of 5
Market Segments
Small-Business (81.0% of reviews)
Information
Entry-Level Pricing
No pricing available
Learn more about Binance
BitMEX
BitMEX
Star Rating
(12)3.1 out of 5
Market Segments
Small-Business (75.0% of reviews)
Information
Entry-Level Pricing
No pricing available
Learn more about BitMEX
AI Generated Summary
AI-generated. Powered by real user reviews.
  • Users report that BitMEX has a lower ease of use rating (6.3) compared to Binance (8.0), indicating that Binance's interface is more intuitive and user-friendly for traders.
  • Reviewers mention that the ease of setup for BitMEX (6.7) is less favorable than Binance (8.2), suggesting that users find it quicker and simpler to get started with Binance.
  • G2 users highlight that the quality of support for BitMEX (6.1) is lacking compared to Binance (7.1), with many users expressing frustration over slower response times and less helpful support resources on BitMEX.
  • Users on G2 report that BitMEX's product direction rating (5.1) is significantly lower than Binance's (7.7), indicating that users feel more confident in Binance's ongoing development and feature enhancements.
  • Reviewers say that while both platforms cater to small businesses, Binance (80.8% of reviews) has a stronger focus on this segment compared to BitMEX (75.0% of reviews), which may influence the relevance of features for small business users.
  • Users mention that BitMEX has received criticism for its complex trading features, while Binance is praised for its comprehensive trading options and user-friendly tools, making it a more appealing choice for everyday traders.
Pricing
Entry-Level Pricing
Binance
No pricing available
BitMEX
No pricing available
Free Trial
Binance
No trial information available
BitMEX
No trial information available
Ratings
Meets Requirements
8.2
132
8.2
12
Ease of Use
8.0
132
6.3
12
Ease of Setup
8.3
20
6.7
6
Ease of Admin
8.3
8
6.7
6
Quality of Support
7.1
123
6.1
11
Has the product been a good partner in doing business?
8.8
8
6.1
6
Product Direction (% positive)
7.8
120
5.1
12
Categories
Categories
Shared Categories
Binance
Binance
BitMEX
BitMEX
Binance and BitMEX are categorized as Cryptocurrency Exchanges
Unique Categories
Binance
Binance has no unique categories
BitMEX
BitMEX has no unique categories
Reviews
Reviewers' Company Size
Binance
Binance
Small-Business(50 or fewer emp.)
81.0%
Mid-Market(51-1000 emp.)
12.6%
Enterprise(> 1000 emp.)
6.3%
BitMEX
BitMEX
Small-Business(50 or fewer emp.)
75.0%
Mid-Market(51-1000 emp.)
25.0%
Enterprise(> 1000 emp.)
0%
Reviewers' Industry
Binance
Binance
Financial Services
20.6%
Information Technology and Services
9.1%
Investment Management
6.3%
Computer Software
5.1%
Accounting
5.1%
Other
53.7%
BitMEX
BitMEX
Financial Services
33.3%
Capital Markets
25.0%
Design
16.7%
Investment Management
8.3%
Investment Banking
8.3%
Other
8.3%
Most Helpful Reviews
Binance
Binance
Most Helpful Favorable Review
SA
Salim A.
Verified User in Human Resources

What I love about Binance is the ease of transactions in it, whether in digital currencies or trading, which makes working in it safer and more serious than other platforms, the degree of security it contains, and the possibility of charging payment cards...

Most Helpful Critical Review
AG
Alexandr G.
Verified User in Investment Management

What a "secure" and "independent" way to manage your crypto with Binance, huh? I thought the same until $16,700 of mine was frozen on Binance. On January 15, 2024, while attempting to transfer my crypto, I received a message stating my account was frozen...

BitMEX
BitMEX
Most Helpful Favorable Review
JM
Josef M.
Verified User in Financial Services

Trading options & products that are not available together in other crypto trading platforms. Convinient trading between USD and other crypto - especially for daily traders. Very good "Starters Guides" for the new users.

Most Helpful Critical Review
Verified User
G
Verified User in Capital Markets

Most of the time I find a good opportunity or predict a crash that I've already placed trades on - Bitmex decides to freeze, making my orders impossible to access and once it reopens, it appears that I've been liquidated DESPITE having stop loss in place....

Alternatives
Binance
Binance Alternatives
Gate.io
Gate.io
Add Gate.io
Zengo Wallet
Zengo Wallet
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Coinbase Exchange
Coinbase Exchange
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UPHOLD
UPHOLD
Add UPHOLD
BitMEX
BitMEX Alternatives
Coinbase Exchange
Coinbase Exchange
Add Coinbase Exchange
Bitfinex
Bitfinex
Add Bitfinex
Bittrex
Bittrex
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Kraken
Kraken
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Discussions
Binance
Binance Discussions
Is Binance better than Coinbase?
6 comments
DN
I think most binary option companies are scamming website You can deposit money n trade When u wanna withdrawal ur money they seem to reject it Which mean...Read more
Why don't they grant referral earnings?
4 comments
MZ
Binance works like an exchange, therefore its fundamental objective is not in the reference but in supporting the cryptoactive market in carrying out its...Read more
What is Binance platform?
4 comments
LJ
I highly recommend this fair recovery services of Gavin ray, did a fantastic job by recovering my life savings which got stolen investing on binary option...Read more
BitMEX
BitMEX Discussions
Monty the Mongoose crying
BitMEX has no discussions with answers