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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Binance vs Libertex in comparison
Overview
Binance stands as the preeminent global cryptocurrency exchange, boasting the largest trading volume. Known for its extensive cryptocurrency offerings, competitive fees, and robust features for seasoned users and traders, it also provides a proprietary software wallet, Trust Wallet, for cryptocurrency self-custody.
Libertex is a CFD broker of the Libertex Group, which was founded in 1997. Libertex says it has received more than 45 awards. For the EEA and Switzerland, Indication Investments Ltd runs it from Limassol, Cyprus, under a CySEC license. It offers crypto as CFDs next to forex, stocks and commodities.
- Huge selection of coins
- Low fees
- Range of functions
- Might be complex for beginners
- Regulated by CySEC since 2012 (license 164/12)
- Long or short on 102 coins as CFDs, among 1,000+ instruments in all markets
- Free deposits and a demo account with €50,000 in virtual funds
- Negative balance protection, segregated client money and Investor Compensation Fund cover of up to €20,000
- MetaTrader 4 and 5 next to its own web platform and apps
- 83% of retail CFD accounts lose money with this provider
- 0.1% commission on every crypto CFD position, plus overnight charges
- Most crypto CFDs expire and renew automatically, with the commission charged again
- Inactivity fee of €10 a month after 180 days without activity
- A CySEC settlement in 2020 and a short partial license suspension in 2021
Features Comparison
- Cryptocurrencies
- Derivatives
- Crypto CFDs
- Stocks
- ETFs
- Currency
- Options
- Indices
- Raw materials
0.1
%
0.10%
0.10%
Varies
0.1
%
0.1%
0.1%
Not possible
416
+
$
0
102
+
$
100
- 25 % discount on fees
- Earn interest through staking
- Access token sales on Binance Launchpad
Exchange Rating
Functions
- Spot trading, futures trading, margin trading, P2P trading, staking
- Crypto interest through staking & lending
- Functions for professional traders
- Demo account with €50,000 in virtual funds
- Libertex Invest for real stocks without commission (spreads apply)
- MetaTrader 4 and 5 next to the Libertex platform
Company Details
Our Review
Binance is a leading global crypto exchange offering a vast range of cryptocurrencies and low fees, making it ideal for advanced users. Its extensive features include spot, margin, and derivatives trading, as well as staking. However, the platform's complexity can be challenging for beginners, and ongoing regulatory issues may concern some users. Overall, Binance is a powerful tool for experienced traders who prioritize a comprehensive and cost-effective platform.
In our view, Libertex is a CySEC-regulated CFD broker for traders in the EEA and Switzerland who want to go long or short on 102 coins with up to 1:2 leverage, next to forex and other markets. Its crypto CFDs carry a 0.1% commission when you open a position and an overnight charge for each night you hold one.
Crypto Exchange vs CFD Broker
Libertex is a CFD broker, not a crypto exchange. You're trading contracts on price movements, not buying actual cryptocurrency. Binance is a full crypto exchange where you own real coins. This fundamental difference determines which one suits your needs.
Real Coins vs Contracts
On Binance, you buy Bitcoin and own Bitcoin. You can transfer it to your own wallet, stake it, or hold it long-term. On Libertex, you're trading CFDs—contracts that track Bitcoin's price. You never own the underlying asset.
This matters for taxes, for security (you can't lose coins in an exchange hack if you've moved them to cold storage), and for participating in crypto ecosystems like staking or DeFi.
Fee Models
Libertex uses a commission-based model at 0.1% on crypto CFDs, plus the spread. But there are concerns about commission levels compared to other platforms.
Binance charges 0.10% for spot trading. Significantly cheaper for most use cases.
What's Available
Libertex offers CFDs on 102 cryptocurrencies plus stocks, forex, indices, and commodities. It's a multi-asset broker with crypto exposure as one option.
Binance lists 400+ actual cryptocurrencies plus derivatives, margin trading, staking, and DeFi integration. Much deeper crypto-native offering.
Who Each Serves
Libertex scores 5/10 for beginner friendliness but has a demo account—useful for learning without risking money. Professional traders get complete tools. PayPal deposits are available.
Binance scores 8/10 for beginners with educational materials but a learning curve. It's built for both beginners and professionals who want actual crypto.
The Clear Choice
Libertex at 6.1 suits traders who want CFD exposure to crypto prices without owning coins—possibly alongside other asset classes. The variable fees and no real ownership are significant limitations.
Binance at 9.4 suits anyone who wants to actually own cryptocurrency, participate in the ecosystem, and access the deepest market. The rating gap reflects that fundamental difference.
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
