Updated October 18, 2026 · SumCue Editorial Team
Binance P2P vs Gemini
Binance P2P
Higher score in this comparison
Gemini
Where Binance P2P and Gemini differ
| Compare | Binance P2PReviewVisitVisit | GeminiReviewVisitVisit |
|---|---|---|
| Taker fee | 0.1%Lower | 0.8% |
| Coins listed | 490Higher | 76 |
| Regulators | Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB), Banco de Espana, Australian Securities and Investments Commission (ASIC), Thailand Ministry of Finance | NMLS (US state money transmitter licensing), Malta Financial Services Authority (MFSA) |
| Maker fee | 0.1%Lower | 0.4% |
| Fiat deposit methods | Not confirmed | Card, Bank, ACH |
| Withdrawal fee | Not confirmed | Crypto withdrawal fees are dynamic and correspond to current network/gas fees; USD wire transfer out $252; Custody to Exchange crypto withdrawal $125 |
Same on both: Proof of reserves (Yes), Derivatives (Yes), Exchange type (Cex).
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Key differences
- Binance P2P scores higher overall: 9.3 vs 9.0.
- Regulators: only Binance P2P offers Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB), Banco de Espana.
- Regulators: only Gemini offers NMLS (US state money transmitter licensing), Malta Financial Services Authority (MFSA).
- Founded is lower at Gemini: 2014 vs 2017.
- Binance P2P is licensed in 3 more countries.
- Taker fee is lower at Binance P2P: 0.1% vs 0.8%.
- Maker fee is lower at Binance P2P: 0.1% vs 0.4%.
- Coins listed is higher at Binance P2P: 490 vs 76.
- Support channels: only Binance P2P offers Chat.
- Support channels: only Gemini offers Community.
Our verdict on each
Binance P2P
Binance P2P suits traders who want a wide coin list at a low taker fee and will hold a custodial wallet. Fees of 0.1% sit under the 0.25% site median, though proof of reserves and a spread of regulators leave some account holders uneasy.
Gemini
Gemini suits traders who want a regulated exchange and a self-custody wallet in the same product, and who want to check a licence rather than take a promise. It lists 76 coins and offers derivatives, and the European business, Gemini Intergalactic EU Ltd, is based in Malta.
Score breakdown
| Area | Binance P2P | Gemini |
|---|---|---|
| Cost | 9.0HigherTaker and maker fees both sit at 0.1% and 0.1%, below the 0.25% site median. | 8.3Taker fee of 0.8% and maker fee of 0.4% both sit above the typical rate of 0.25% here. |
| Offer | 9.5HigherLists 490 coins, adds derivatives and staking, and publishes proof of reserves. | 9.3Proof of reserves is published, derivatives are offered, and the feature set covers custodial, self custody and staking. |
| Trust | 9.4Higher | 9.3 |
Licences and countries
| Country | Binance P2P | Gemini |
|---|---|---|
| Australia | Not confirmed | |
| France | Not confirmed | |
| Italy | Not confirmed | |
| Malta | Not confirmed | Malta Financial Services Authority (MFSA) MiCA CASP 2138002QAMX8PPKSO715 |
| Spain | Not confirmed | |
| Thailand | Not confirmed | |
| United States | Not confirmed |
The bill, worked out
Buy 1,000 of crypto and sell it again
Binance P2P
2
0.1% of 2,000
Gemini
16
0.8% of 2,000
Binance P2P comes out 14 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
A third option
ActivTrades has taker fee at 0%, against 0.1% for Binance P2P and 0.8% for Gemini.
ActivTrades reviewWhere these facts come from
Binance P2P
- coingecko.com: 4 facts, checked September 26, 2026
- coinmarketcap.com: 3 facts, checked September 26, 2026
- en.wikipedia.org: 2 facts, checked September 26, 2026
- play.google.com: 2 facts, checked September 26, 2026
- defillama.com: 1 fact, checked September 26, 2026
Gemini
- gemini.com: 8 facts, checked September 26, 2026
- coingecko.com: 2 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
- defillama.com: 1 fact, checked September 26, 2026
How they place
| Ranking | Binance P2P | Gemini |
|---|---|---|
| Crypto | 15 of 428 | 4 of 428 |
| Crypto exchanges | 13 of 330 | 2 of 330 |
| Crypto wallets | 11 of 249 | 2 of 249 |
Every fact side by side
| Fact | Binance P2P | Gemini |
|---|---|---|
| Features | Staking | Custodial, Self custody, StakingCovers more |
| Legal entity | Binance Holdings Ltd. | Gemini Intergalactic EU Ltd |
| Headquarters | United Arab Emirates | Malta |
| Founded | 2017 | 2014Lower |
| Support channels | Email, Chat, Help centre | Email, Help centre, Community |
Crypto wallets
| Fact | Binance P2P | Gemini |
|---|---|---|
| Wallet type | Mobile | Browser |
| Price | Not confirmed | $0 |
| Custody | Custodial | Self custody |
| Coins supported | 490Higher | 76 |
| Secure element | Not confirmed | No secure element; passkey-based smart wallet signing on-device |
Where each stands against the rest
| Fact | Binance P2P | Gemini | Median |
|---|---|---|---|
| Taker fee | 0.1%below the median | 0.8%highest quarter | 0.15% |
| Coins listed | 490highest quarter | 76below the median | 89.5 |
| Maker fee | 0.1%at the median | 0.4%highest quarter | 0.1% |
Median across 222 listed providers.
Pros and cons
Binance P2P
Pros
- Taker and maker fees of 0.1% and 0.1% sit below the 0.25% site median
- Lists 490 coins, ahead of the 71.5 site median
- Derivatives and staking are available on a custodial mobile wallet
Cons
- Custody is custodial, so assets sit with the exchange rather than in your own keys
- Support runs on email, chat and help centre only, and a phone line is not among its support channels
- Regulators cover Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana, so UK holders are not covered by a listed licence
Gemini
Pros
- Regulated on both sides of the Atlantic through NMLS (US state money transmitter licensing) and Malta Financial Services Authority (MFSA), so the licence can be checked rather than taken on trust
- Fiat deposits run by card, bank and ach, and the self-custody wallet itself costs $0
- Founded in 2014, with the exchange listing 76 coins and the wallet supporting 76
Cons
- On the ActiveTrader schedule, the taker fee of 0.8% and maker fee of 0.4% both sit above the typical rate of 0.25% here
- Support runs on email, help centre and community, with no phone line listed
- The wallet is browser based with no secure element, so it relies on passkey signing on-device
Who each suits
Binance P2P
Who it suits
- Traders buying and selling frequently who care about taker fees
- Anyone who wants a long coin list in one custodial app
- Mobile first users who want chat support alongside a help centre
Who should look elsewhere
- Anyone who wants to hold their own keys, since custody is custodial
- eToro users after a broader retail platform for equities alongside crypto
Gemini
Who it suits
- US traders who want state money transmitter licensing alongside a European regulator, both named in NMLS (US state money transmitter licensing) and Malta Financial Services Authority (MFSA)
- European customers who want a home market entity: Gemini Intergalactic EU Ltd is based in Malta
- People who want to hold their own keys, since custody is self custody
Who should look elsewhere
- Cost-first traders, since the typical taker fee here is 0.25% and bunq runs 0.25% to 1.99%
- eToro and Vivid Plus customers, whose listed charges are 1% and 2.25%, when a licensed exchange listing 76 coins matters more
Country by country
| Country | Binance P2P | Gemini |
|---|---|---|
| Argentina | No | Yes |
| Australia | No | Yes |
| Austria | No | Yes |
| Bahamas | No | Yes |
| Belgium | No | Yes |
| Bermuda | No | Yes |
| Bhutan | No | Yes |
| Brazil | No | Yes |
8 of 65 countries where either is available.
Questions about each
Binance P2P
What are the trading fees at Binance P2P?+
Taker fees are 0.1% and maker fees are 0.1%, charged on the standard exchange account. The site median taker fee is 0.25%, so costs sit at the lower end of the range. No account fee is listed.
Which regulators licence Binance P2P?+
The exchange lists Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana among its regulators. Those registrations cover France, Italy, Spain, Australia and Thailand, so users in other markets should check their local position. Licence coverage is therefore partial.
Gemini
How much does it cost to trade on Gemini?+
Trading runs on the ActiveTrader schedule, with a taker fee of 0.8% and a maker fee of 0.4%. Makers pay less than takers, so the cheaper side of the book is the one that adds to the order. The account itself costs $0, which keeps the charge in the trade.
Is Gemini regulated?+
Gemini is listed under NMLS (US state money transmitter licensing) and Malta Financial Services Authority (MFSA), which covers US state money transmitter licensing and the Malta Financial Services Authority. The European business is Gemini Intergalactic EU Ltd, based in Malta. The exchange also publishes proof of reserves, and the wallet gives self custody rather than platform custody.
Other options to compare
Other matchups
Related by the facts
- Binance Card Brazil, also regulated by Commissione Nazionale per le Societa e la Borsa (CONSOB)
- Providers available in Austria
- Sofkredit, also regulated by Banco de Espana
- Providers available in Australia
- Bitpanda Card, also regulated by Malta Financial Services Authority (MFSA)
- Providers available in Brazil