Binance remains the leading platform globally in volume and variety of crypto products. But how does a rising regional exchange compare? To answer this, we tested Lemon, an Argentine platform that has gained ground in its home country and other Latin American markets, with a proposal focused on simplicity operating in reais, pesos, and dollars.
We deposited the same amount in both platforms, made purchases, tested staking, and contacted support. Below, we show how Binance performs at each stage and how close (or not) Lemon is in this comparison.
The screens shown are in Portuguese, as the test was conducted by a Brazilian user. Throughout the text, we explain local features, such as the Pix system, to facilitate understanding across Latin America.
Home screen and main navigation: Binance vs Lemon
Binance starts with a fully customizable dashboard: widgets, news from Binance Square, quick access to Earn, OTC, and more. Its fixed bottom menu allows for quick section changes (Home, Markets, Trading, Discover, Wallet).
Lemon bets on minimalism: the main screen shows the balance in fiat and crypto, and visible buttons for Deposit and Send. There is a basic help section, but there are no widgets or market information on the home screen.
Summary: Binance provides a rich and customizable experience, ideal for active users. Lemon prioritizes simplicity and agility for basic operations.
Deposits in BRL or crypto: Binance vs Lemon
In Binance, the deposit via Pix was instantaneous and without fees. It is also possible to use cards or P2P transfers — which provides flexibility, especially outside banking hours.
In Lemon, we attempted the Pix with CPF key and random, but both failed.
We had to send XRP from Binance and then convert it within the app to use the balance. This extra step can be frustrating for those who do not have available cryptos.
Summary: Binance offers variety and stability in deposit methods. Lemon needs to improve the reliability of Pix for those using BRL.
Crypto market inquiry: Binance vs Lemon
Binance offers interactive charts by time interval, technical indicators, real-time order books, and a wide variety of pairs. Everything is designed for fast analysis and trading.
In Lemon, the charts are basic. You can see the asset price over periods like 1 day, 1 month, or 1 year, but there is no order book or technical indicators. It is useful for tracking general trends but insufficient for precise trading.
Summary: Binance provides a complete and professional experience. Lemon meets the basics but falls short on analysis tools.
Buying cryptocurrencies: Binance vs Lemon
We simulated the purchase of approximately 15.28 BRL in Cardano (ADA):
Binance: 1 BRL = 0.322088 ADA. Received 4.9215 ADA with no commissions.
Lemon: 1 ADA = 3.3251 BRL, with a 1% commission. Result: 4.5493 net ADA.
Summary: Binance delivered about 7.5% more ADA for the same amount thanks to better pricing and absence of fees. Lemon applied a higher spread plus a commission, reducing the final yield.
Passive income and Earn: Binance vs Lemon
Binance has a complete ecosystem in its 'Earn' section: products with flexible or locked staking, promotional APR, Launchpool, ETH 2.0 staking, and liquidity pools. Everything can be filtered by crypto, rate, risk type, or modality.
In Lemon, the 'Lemon Earn' section includes only six tokens (like DAI, POL, ETH, USDT), with rates between 1.4% and 14% per year. There is no distinction between formats or tools for detailed performance tracking.
Summary: Binance offers depth, variety, and customization in passive income. Lemon proposes a functional experience but is still limited for those seeking more profitability or diversification.
Customer support: Binance vs Lemon
Binance has a fixed support button on the main screen. From there, the bot responds in Portuguese and offers quick access (orders, deposits, authentication). If it doesn't resolve, it directs the user to a human agent 24/7 within the same app.
In Lemon, the Help button opens a chat-bot that first suggests FAQ articles and only then allows sending an inquiry. We reported a Pix error, and more than 3 hours passed without a response. There was no notification of wait or estimated time.
Summary: Binance offers efficient support, 24h and within the app. Lemon has a basic bot with slow response times and no transparency about the status of the case.
What does Binance offer differently?
More than 500 cryptocurrencies with high liquidity;
Deposits via Pix, card, or P2P — no fees;
Commission-free conversion and low spreads;
Complete Earn ecosystem: staking, pools, Launchpool, ETH 2.0;
Advanced trading tools (stop-loss, OCO, iceberg, etc.);
Customizable dashboard with widgets and integration with Binance Square;
Integrated 24h support, with bot and human assistance in the app.
What does Lemon do well?
Clean and simple interface, with visible balance and access;
Quick conversion between crypto and fiat (pesos, BRL);
Limited portfolio (<50 coins) with the most used tokens;
Lemon Earn with fixed yield, easy to use;
Bilingual app (Spanish/Portuguese), strong presence in Argentina;
Fast crypto deposits from other exchanges.
Binance vs Lemon: which exchange makes more sense for you?
Binance remains the most robust option for those seeking a wide variety of assets, lower commissions, and a complete ecosystem of products — from spot trading to staking, with professional tools and 24/7 support. If your intention is to grow within the crypto universe or trade with greater depth, the global platform has everything you need.
Lemon, for its part, stands out for its simplicity and focus on essentials. Its lightweight interface, direct conversion between crypto and local currency, and its easy-to-use Lemon Earn function make an attractive package for those taking their first steps, especially in the Argentine context.
Let's look point by point at how these two platforms compare:
Number of assets
Binance: More than 500 crypto assets
Lemon: Less than 50
Deposits in BRL
Binance: Instant Pix, card, and P2P
Lemon: Pix with error; requires crypto transfer
Crypto conversion
Binance: Competitive spread, no commission
Lemon: High spread + 1% commission
Market inquiry
Binance: Advanced charts, indicators, order book
Lemon: Basic chart, no technical tools
Passive income (Earn)
Binance: Simple Earn, Launchpool, ETH staking, liquidity pools
Lemon: Less than 50
Navigation
Binance: Customizable dashboard, widgets, integrated news
Lemon: Direct interface, no overload
Customer support
Binance: Bot + human agent 24h within the app
Lemon: Chat-bot with delays, no estimated time
Payments with crypto
Binance: Binance Pay available for Brazilian users
Lemon: Lemon Card not yet available in Brazil
Two points of attention regarding Lemon
Lemon Card is not yet available in all countries: Although in Argentina the prepaid Lemon Card is already active and offers cashback in BTC, its availability has not yet extended to countries such as Mexico, Peru, Colombia, Uruguay, or Brazil. This limits its usefulness for users looking to integrate everyday payments with crypto rewards in other Latin American markets.
In May 2023, Lemon announced its expansion to five new countries in Latin America. However, in November 2022, the company reduced nearly 38% of its workforce in Argentina and Brazil, citing challenging conditions in the crypto industry and access to venture capital. This suggests that while there is ambition for regional growth, the speed of new product implementation and customer support may vary by country.
In summary
Choose Binance if you seek depth, diversity of products, and a constantly evolving crypto ecosystem, with professional tools and competitive commissions.
Choose Lemon if you value extreme practicality, just want to buy, sell, or store a few cryptos, and appreciate a straightforward interface — always considering that more advanced functions (and even its card) may take time to arrive in your country.
Evaluate your investor profile, the frequency with which you trade, and your need (or not) for more technical tools to decide which platform can maximize your results in 2025.