Provides a detailed comparison of US stock products from crypto exchanges such as Binance and Bitget, recommending Binance as the most balanced and comprehensive choice.
Recently, several crypto exchanges have launched US stock products. I’ll share a comparison of my hands‑on experience with the four platforms #Binance, #Bitget, #Gate and #Backpack.
Overall, there are still quite big differences in models and user experience among the four:
1️⃣ Binance (Binance) is currently the most balanced and strongest in my view. It follows a real‑stock ownership model, supporting dividends, shareholder rights, etc., and lists over 7,000 stocks (including many ETFs), which other platforms can’t match at the moment. The functionality is also the most complete, with both App and Web support; candlestick charts, depth, limit orders, and after‑hours trading are all fairly well implemented. USDT can be traded directly without currency‑exchange loss, and the fee has been adjusted to 5 bps, making the overall cost quite friendly. It is especially suitable for friends who want long‑term dollar‑cost averaging and asset allocation, feeling the closest to a traditional broker.
2️⃣ Bitget’s advantages are also obvious: the fee is similarly 5 bps, it supports limit orders and after‑hours trading, and the feature set is fairly comprehensive, making short‑term trading quite smooth. However, it currently only has an App and no Web version, which imposes a slight limitation.
3️⃣ Gate does a good job on USDT‑to‑USDx conversion, with almost no exchange‑rate loss and fast withdrawals, but its overall fee is relatively high (about 20 bps in total). It does not support after‑hours trading and lacks company fundamentals information, resulting in an average experience.
4️⃣ Backpack follows a real‑stock + on‑chain hybrid model, provides a Web interface, which is convenient, and also offers company fundamentals and real equity. However, the fee structure is relatively opaque, and USDT must be manually swapped to USD, incurring some exchange‑rate loss; fractional‑share trading is also limited, making it suitable for users who prefer web‑based operation and actual shareholding.
If your main goal is long‑term dollar‑cost averaging, wanting the most stocks and ETFs with real dividend rights, Binance is currently the best choice; if you aim for short‑term trading, low fees and functionality, Bitget is also attractive; Backpack suits web‑oriented users, while Gate is better for heavy stable‑coin users.
This time Binance’s fee has dropped to 5 bps, matching Bitget, and it should become even more advantageous as trading volume increases. We are currently looking for an opportunity to start dollar‑cost averaging on the Nasdaq or S&P on Binance, and the team is still running the calculations.
Overall, US‑stock products in the crypto space are becoming more mature, and everyone can choose a platform based on their own trading habits.