Thus, in that case, if you are looking for a Binance alternative, then you have landed on the right page. Here we will share a list of the seven best Binance alternatives you can use to trade in crypto right away. I will also include a short review to help you decide the right Binance alternative according to your needs. So, without any further ado, let’s get started. I have also shared these Vuze alternatives.
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7 Best Binance Alternatives (Best Crypto Exchanges)
Following is the handpicked list of best Binance alternatives that users worldwide can use to trade in Bitcoin and other cryptocurrencies. Do note that we have not ranked any crypto-trading or exchange platforms in a manner of best to worst.
1 7 Best Binance Alternatives (Best Crypto Exchanges)1.1 1. Coinbase1.2 2. Uphold1.3 3. Pionex1.4 4. Kraken1.5 5. Coinmama1.6 6. BitMex1.7 7. StormGain2 Wrapping Up
Each of the alternatives to Binance has its pros and cons, and you have to pick the right one that fulfills all your needs. So, here we have our first Binance alternative, which is-
1. Coinbase
Coinbase, formerly known as GDAX, is a trendy online trading platform that can purchase, sell, and transfer digital currencies. Even Coinbase also lets users store cryptocurrencies by creating a simple Coinbase wallet. It is one of the best Binance alternatives.
This wallet helps to securely hold a wide range of cryptocurrencies offline into their smartphone. This is one of the most secure ways to store, send and receive cryptocurrencies. Coinbase offers its services in more than 100 countries and boasts over 43 million worldwide users. It supports over 30 popular cryptocurrencies in which users can trade and hold on to their wallets. To deposit funds, users can use wire transfers, credit and debit cards, and cryptocurrencies. However, Coinbase currently does not accept new cards. All these payment methods, along with PayPal, can be used for withdrawal purposes as well. Even though it is a leading cryptocurrency exchange on the internet and offers tons of excellent features, one thing that bothers me about Coinbase is its fee structure. It is a bit tricky, and therefore, I highly suggest you visit their fee disclosure page for detailed information. Another issue with Coinbase is that it tracks all your transaction information.
2. Uphold
Uphold is a top-rated trading platform that lets users trade between cryptocurrencies, forex, stocks, metals, ETFs, and more in an effortless way. This trading platform is widely known for its very unique “anything-to-anything” trading experience.
Basically, it allows users to trade between literally any two different types of assets such as Bitcoin to Ethereum, Ethereum to metal, or metal to stocks in just one click. Users don’t have to convert their assets to USD as a bridge to trade, which is very common on other exchanges. Because of that, Uphold has over 1000+ FIAT trading pairs. Besides that, Uphold let its users trade in 27 national currencies, 43 cryptocurrencies, 50+ US stocks, and four precious metals. Uphold is an excellent Binance alternative that I highly recommend using if you hold good trading knowledge. I am saying that because the educational section of Uphold is a bit confusing and less organized compared to its rivals. Therefore, learning how to use this platform can be a bit difficult to understand for newbie traders. Uphold is one of the best Binance alternatives.
3. Pionex
If you are a professional trader who wants to benefit from using trading bots, Pionex can be an outstanding solution. Pionex is a Singapore-based cryptocurrency exchange that features 12 free trading bots.
Users can use these bots to automate trading 24/7 without having a look at the market situation. But that is not the only reason why we consider Pionex as a good Binance alternative. Pionex has one of the lowest trading fees, just 0.05% of your entire transaction for maker and taker. Pionex is also famous for its innovative liquidity engine that aggregates liquidity from Huobi and Binance. Pionex is technically backed by BitUniverse, one of the most reliable crypto portfolio apps. The first crypto exchange offers trading bots and got licensed by the U.S. FibCEN’s MSB. This platform lets users trade on over 120 cryptocurrencies and hundreds of trading pairs. Nevertheless, it is not like Uphold’s “anything-to-anything” trading, but it gets the job done.
4. Kraken
Any list of cryptocurrency exchanges cannot be completed without the mention of Kraken. After all, it is one of the largest Bitcoin trading hubs in the world. However, Kraken is not only limited to Bitcoin.
Instead, it offers users the ability to trade over 32 cryptocurrencies from over 140 markets. It features six different FIAT currencies to trade, including USD, Euros, Canadian Dollars, Japanese Yens, Great Britain Pounds, and Swiss Francs. It makes Kraken an ideal Binance alternative for people looking forward to trading into FIAT currencies along with crypto. The trading fee of Kraken is also very competitive in the market. It ranges between 0% to 0.26%, depending on how frequently you trade and your overall monthly trading volume. Buyers usually pay between 0% to 0.16%, while takers pay between 0.10% to 0.26% per trade. Additionally, Kraken is a very secure platform, and it stands among a few crypto exchanges that have never faced any hacking before.
5. Coinmama
Coinmama is another viral and favored cryptocurrency exchange out there. It has been functioning its services since 2013, and right now, it boasts over 2.6 million users across the globe. Coinmama is one of the best Binance alternatives.
It offers its services in 188 countries but except for several US states and several sanctioned countries. It features very high spending limits at a low trading fee, making it a perfect choice for both beginners and advanced traders. Coinbase could be the most appealing option for beginners who are just joining crypto trading. However, more advanced traders may find Coinmama a bit disappointing because of fewer cryptocurrency options. Also, professional traders can save some bucks on the transaction fees by opting for platforms like Kraken or Pionex. However, the ease of buying coins from anywhere across the globe, a trusted and reliable platform with so many payment options. The company’s regular effort in including more coins makes it a great Binance alternative. If you are a beginner trader who is just starting his journey, I highly suggest you go with Coinmama.
6. BitMex
BitMex is another leading Bitcoin and cryptocurrency exchange that HDR Global is managing. It is a peer-to-peer trading platform that made its debut in 2014. Since then, the platform has had a meteoric rise, and it has become an industry leader, especially for Bitcoin trading.
It offers up to 100x leverage to trade on Bitcoin and up to 50x on other cryptocurrencies. However, the service only allows deposits using Bitcoin, but you can trade in multiple cryptocurrencies and FIAT currencies once you deposit your funds. Even though BitMex is available for worldwide traders, citizens from the US cannot use it. Therefore, if you are looking for an alternative to Binance to use in the US, BitMex is certainly not the option for you. Also, in 2019 October, BitMex made a security blunder by revealing emails of their registered users. But they fixed the issue very soon.
7. StormGain
StormGain made its debut in 2019, but it has acquired a good amount of respect and grew pretty well despite being relatively new. It is available in more than 100 countries and serves its services to over 120,000 customers worldwide.
StormGain has made its features game very strong, helping it gain such a vast user base in a tiny time frame. It supports rapid verification where new users don’t require to complete their ID verification or KYC. This “No KYC” appeals to many traders concerned about their privacy and prefer to remain anonymous while trading. On top of that, it supports high leveraged crypto trading with up to 200x multiplier for Bitcoin. High leverages, advanced chartings, and “No KYC” attracts advanced crypto-traders. However, even if you are a newbie, you can use the platform as it offers the demo account trading option and has a pretty dense knowledgebase where you can learn new skills.
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Wrapping Up
Well, that’s all for the best Binance alternatives to buy/sell cryptocurrencies. Most of these crypto exchanges have low transaction fees, and withdrawals are easy. Which exchange are you going to use? Let me know in the comments below. Keep visiting Techonation for more updates.
