Making a decision on the appropriate cryptocurrency exchange can be challenging, especially for those who are new to the industry.

The selection of the appropriate exchange is based on numerous factors, such as the type of trading approach you intend to employ, the specific cryptocurrencies you wish to purchase, etc.

However, there are some universal considerations for all exchanges and traders. This blog will cover those factors and compare two cryptocurrency exchanges, Cryptal and Binance.

What are the common features between Cryptal and Binance?

A cryptocurrency exchange should serve two primary functions, allowing users to sell their own assets or purchase desired cryptocurrencies and connecting individuals who desire to exchange assets.

Both on Cryptal and Binance, you can exchange your assets using Spot Trading and Convert.

OTC Services

If you desire to buy or sell assets without having to wait for the opposite buy or sell request on Exchange, you can utilize the private broker service.

To connect with your personal broker on Cryptal, you can write to us here.

What major currencies are supported?

How can you deposit and withdraw money?

There are several methods for depositing and withdrawing money on Cryptal.

*Please note that SWIFT Transfers up to $100,000 on Binance are limited.

If you are interested in detailed information about deposits, you can read our blog.

Fees

Whether you are a beginner trader or an experienced one, the matter of fees is equally relevant to all.

Exchanges have several main fees, they are:

1. Trading fee
2. Deposit fee
3. Withdrawal fee

Trading Fee

Deposit & Withdrawal fee

Cryptal allows importation of the fiat assets in various currencies and using multiple methods:

Deposit:

Withdrawal:

Deposits on Binance:

Withdrawal:

Regarding cryptocurrency transfers, bringing all crypto assets to Cryptal is free of charge and does not involve any fees. Information about withdrawals can be found in detail here.

Limits

Aside from commissions, traders also consider the presence of limits, meaning the maximum and minimum amount of assets they can withdraw or deposit within a certain period of time, as an important factor.

Cryptal allows for unlimited deposits of any number of assets, be it cryptocurrency or fiat assets. You can deposit any quantity in one go and it will be fully credited to your account.

The difference applies only to TOGEL and TOUSD deposited with Georgia Bank (BOG) and TBC Bank cards.

The monthly limit of dollars imported through the Bank of Georgia is 30,000, and the limit of TOGEL deposited through TBC Bank and the Bank of Georgia is 50,000₾.

As for cashing out, using wire transfers, the minimum amount is 100 GEL, TOUSD and TOEUR, and the maximum amount is 5,000,000 in the respective currency.

If you choose to transfer the funds to a Bank of Georgia or TBC Bank card, the daily limit in this case is 3,000 TOGEL and there is no minimum amount required.

Deposit and withdrawal of crypto assets is unlimited on Cryptal.

All above mentioned limits apply to verified users of Cryptal.
Learn how to get verified here.

As for Binance, the daily limit for both deposits and withdrawals is the equivalent of two million USD for fiat currencies.

And in the case of crypto assets, here the deposit is unlimited, and the withdrawal is equivalent to 8 million BUSD.

Support

The support team plays one of the most important roles in the operation of the crypto exchange. It doesn't matter if you are a beginner trader or an experienced trader, it is necessary that you can turn to a competent and official representative at any time and receive an appropriate answer.

If you need help, you can turn to the Bot on Binance, where it will pre-suggest potential topics that you may have problems with and suggest ways to solve them.

As for Cryptal, the support team is available 24/7. Also on weekends.

You can contact us for help through the following channels:

• E-mail
• Zendesk
• Hot Line – (+995 322 053 253)
• Official Facebook Page

Most importantly, with constant connection, you can get accurate and competent information.

Summarize

The choice between the two exchanges depends on individual needs. If utilizing Margins, Staking, etc. is a priority, Binance may be the best option. On the other hand, if you are seeking an uncomplicated and inexpensive way to purchase cryptocurrency assets, Cryptal may be the ideal choice.

1. Cryptal or Gate.io?
2. Comparison: Cryptal vs. MyCoins
3. Comparison: Cryptal vs. Coinmania
4. Comparison: Cryptal vs. Bitnet