Binance vs Flatex Comparison
| 1.75 % | Fees | 0.7 % |
| € 18.50 | Cost for €1,000 | € 7.00 |
| 370+ | Cryptos | 20 |
| SEPA Transfer, Credit Card | Payment Methods | SEPA Transfer |
| License in Germany refused by BaFin | Regulation | Crypto custodian Tangany GmbH has a BaFin license. |
Cost comparison
The basis is a Bitcoin purchase worth €1,000, including all fees and spreads.
| € 18.50 | Cost for €1,000 | € 7.00 |
| 1.75 % | Fees | 0.7 % |
| € 7.47 | Wallet transfer | – |
| Limited | Cost transparency | Limited |
| ~$10 USD | Minimum Amount | € 1 |
| SEPA Transfer, Credit Card | Payment Methods | SEPA Transfer |
On a €1,000 purchase you pay €11.50 less at Flatex.
Pros & Cons
- Over 370 cryptocurrencies available
- Savings plan and staking available
- Largest crypto exchange worldwide with low spreads
- Wallet transfer possible
- Payment methods: SEPA transfer and credit card
- No BaFin license in Germany
- Trading fees of 1.75 % for direct purchases have room for improvement
- Total costs of 18.50 € per trade occasionally criticized
- Cost transparency is rated as limited – direct purchases without a clear cost overview
- BaFin-regulated German bank with a full licence
- Crypto ETPs held in a standard portfolio alongside shares and ETFs
- German tax certificate included
- Established provider, in business since 1999
- No direct crypto trading, only ETPs and ETNs
- No withdrawal to a personal wallet
- Order fees on top of ongoing product costs (TER)
Score Comparison
User Experiences
AI AnalysisAccording to reviews, Binance is often praised overall for its ease of use, the large selection of coins, and fees that are generally perceived as low. At the same time, users occasionally report criticism regarding support, verification, and language options, especially with regard to a German app version.
This analysis is based on 1002 user reviews evaluated by AI from the Apple App Store and Google Play Store. The total number of reviews on the respective platforms may be higher — the platform ratings (star ratings) shown refer to all reviews available there. The reviews shown reflect user experiences and do not represent the site operator’s own assessment. All information is provided without guarantee. As of: March 2026. This comparison does not constitute investment advice.
Features
| ✓ | Savings plan | ✓ |
| ✓ | Staking | ✓ |
| ✓ | Wallet transfer | ✓ |
| ✓ | Cost transparency | ✓ |
| ✓ | 2FA security | ✓ |
| ✓ | Whitelist | ✓ |
| ✓ | SEPA transfer | ✓ |
| ✓ | Credit card | ✓ |
| ✓ | Minimum amount | ✓ |
| ✓ | Mobile app (iOS/Android) | ✓ |
- Largest crypto exchange worldwide by trading volume
- Low spreads in order book trading
- Savings plan and staking available
- On the market since 2017
- Crypto in a securities wrapper for conventional portfolios
The five areas head to head
AI AnalysisFees & Costs
Users often cite Binance’s fees as a positive point and frequently describe them as low compared with other providers. At the same time, some reviews perceive the fees as too high. Overall, user data suggests a predominantly positive view of the fees.
Order fees from around €5.90 plus the trading-venue charge; crypto ETPs also carry ongoing product costs (TER, typically 1–2% a year). As of July 2026.
Usability & User Experience
According to reviews, users particularly appreciate the intuitive app and ease of use at Binance, which appeals to both beginners and more experienced users. However, the interface is occasionally described as confusing or too complicated. Many users also want a German language option to make everyday use even more convenient.
Not enough reviews available.
Features & Offering
According to reviews, users mainly praise the large selection of coins. Users also report that Binance is suitable for beginners and appears easy to use. Occasionally, users would like additional language options as well as an iPad app to better adapt the offering to their usage.
Not enough reviews available.
Stability & Security
According to reviews, Binance is perceived by many users as reliable. Overall, the opinion on stability and reliability is predominantly positive.
Not enough reviews available.
Customer Support
User data paints a rather critical picture of support: users report a lack of support. Verification is also described as time-consuming in some reviews. In addition, users would like better assistance with account-related issues and withdrawals.
Not enough reviews available.
Details
| Binance Holdings Ltd. | Company | flatexDEGIRO Bank AG |
| 2017 | Founded | 2005 |
| License in Germany refused by BaFin | Regulation | Crypto custodian Tangany GmbH has a BaFin license. |
| ~$10 USD | Minimum Amount | € 1 |
| Photo ID | KYC | eID, Video-ID, PostIdent |
Verdict
In our overall rating Binance leads with 4.3 against 3.1 for Flatex.
On a €1,000 purchase you pay €11.50 less at Flatex.
For most investors Binance is therefore the better choice.
Binance is considered the world’s largest crypto exchange by trading volume and is valued for its low spreads in order book trading. With over 370 tradable cryptocurrencies, savings plans and staking, the platform offers a broad range of services. On the market since 2017, Binance has established itself as a major player in crypto trading.
For the German market, however, it should be noted that Binance does not have a BaFin license. The direct-buy fees of 1.75 % and total costs of 18.50 € per trade are occasionally criticized, as is the limited cost transparency for direct purchases. The minimum amount of 15 € is also higher than at some competitors.
Binance is seen especially as suitable for experienced traders who want to benefit from the low spreads in order book trading and for whom a missing BaFin license matters less than the platform’s global market presence and liquidity.
For investors who want crypto exposure inside a conventional brokerage account alongside shares and ETFs – complete with German tax reporting and a familiar interface – flatex is a solid choice. If you want to own real coins and withdraw them to your own wallet, you need an actual crypto exchange instead.