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Top 12 Binance Alternatives And Why They Are Better

Uphold is cheaper than Binance in terms of crypto trading fees as the former has no crypto trading fee; only spread is charged which varies with the coin. Transaction fees on the Kraken platform are lower than most leading exchanges such as Coinbase. Some of its services are free, such as staking, meaning the rewards from staking are fully paid to the stakeholders. As one of the best Binance alternatives, Kraken has a lot to offer its current and potential users. The fees are currently set at a high of 0.1% for both makers and takers and a low of 0% for makers, and 0.05% for takers.

The exchange has over 185 cryptocurrencies available, which is relatively small compared to its direct competitors. The exchange has most of the world’s top cryptocurrencies, including BTC, ETH, XRP, BCH, EOS, LTC, and ADA. The platform has margin trading in addition to spot, futures, and OTC. When using bitcoins, there is no minimum deposit requirement at Kraken. Pionex is a versatile cryptocurrency platform that supports a wide range of coins, including BTC, ETH, BTG, DASH, XRP, ADA, NEO, TRX & more. As a hot wallet, it’s accessible across multiple platforms such as Windows, MacOS, Android & iOS.

other trading platforms like binance

This is in response to the respective governments laying down regulations on cryptocurrency marketplaces and trading platforms. May not be the longest-standing cryptocurrency exchange, but Binance was definitely instrumental in cryptocurrencies becoming a global sensation. Despite its ongoing legal troubles in the US, its US subsidiary Binance.US has over 2 million active users. It provides the necessary tools ideal for a conservative investor looking for exposure to multiple asset classes, which include precious metals, crypto, stocks, and fiat currencies. Additionally, the process involved in switching between the various assets is smooth, effortless, and intuitive. Despite its relatively recent entrance into the crypto exchange scene, Binance has managed to capture a majority of the market share.

The exchange is widely known as a safe and reputable Bitcoin and crypto exchange trusted by thousands of customers worldwide. Moreover, Binance fee rebates and tiers are based on trading volume and holding a BNB balance. Bybit also offers trading fee rebates for its leveraged market; however, it works differently as there is no requirement to stake or hold any coins. All Bybit users that provide liquidity to the exchange (i.e., limit orders) will earn a 0.025% rebate. KuCoin’s offerings rival those of Binance, supporting diverse trading options such as spot trading, futures, margin trading, and staking, all coupled with competitive fees. Established in 2018, eToro is one of the largest social trading platforms in the world.

other trading platforms like binance

The exchange also takes security very seriously and stores 98% of digital assets in offline storage. One of the security measures includes two-factor authentication and KYC, which are required during deposits and withdrawals. Before we consider the Binance alternatives, let’s first go over some of its selling points and the drawbacks to using the leading crypto trading platform. With this information, it will be easier to compare against its competitors and objectively decide on which exchange better serves your needs. You will learn why they are highly recommended and how well they compare against Binance, from the features they offer their users to their regulatory compliance and accessibility globally. Decentralized exchanges (DEXs) are based on the blockchain and therefore decentralized.

other trading platforms like binance

The cheaper option is to transfer funds from your bank account, but again, this will delay the process. Plus, Coinmama charges a £20 fee on bank wire deposits of less than $1,000. If you decide to keep your coins at Binance, the platform keeps the vast majority of client funds in cold storage. This is a reserve insurance pot to cover clients in the unfortunate event the platform was hacked. EToro is a top-rated provider gives you access to 25 digital currencies.

With over 40 cryptocurrencies and over 50 forex pairs, PrimeXBT offers commodities and stocks such as TSLA and forex. The platform offers forex, commodities, and stocks in addition to crypto trading. Cardholders can seamlessly convert their securities into fiat digital assets and benefit from lower FX rates than banks.

other trading platforms like binance

However, you can still swap and trade one type of cryptocurrency for another. Just click on the Convert option and select the input and output currencies. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Our partners cannot pay us to guarantee favorable reviews of their products or services.

  • With that said, Coinbase does come with a major flaw – it is one of the most expensive crypto exchanges in the market.
  • Despite its relatively recent entrance into the crypto exchange scene, Binance has managed to capture a majority of the market share.
  • Cash App Investing is a user-friendly trading platform offering commission-free trades of more than 1,800 stocks and ETFs.
  • And since it does not support fiat currency deposits, crypto deposits and withdrawals are free.
  • This is a high-risk investment and you should not expect to be protected if something goes wrong.
  • Distinguished by its user-friendly and visually appealing website interface, KuCoin places a paramount emphasis on security.

For starters, both operate the standard multi-platform trading interface with an easy onboarding process. They are also deeply liquid and ultra-fast in processing crypto transactions. HTX is the world’s second-largest crypto exchange after Binance in terms of trading volume. The exchange is based in Seychelles, East Africa, and was established in 2013.

Given its availability in the US, Kraken is a great alternative to investors in the USA and one of the best crypto exchanges for its selection of trading pairs. It is essential to consider the amount and nature of fees collected by the cryptocurrency trading platform to determine where the trader receives the highest profit. Beyond its ease of use and adaptability to new users, Binance enhances its industry reputation by granting access to the MetaTrader 4 trading application. This platform enables a trader to get real-time, instantaneous, accurate updates about the rising trends and nature of the cryptocurrency market. With Paybis, you can buy and sell crypto assets like Bitcoin, Cardano, Ethereum, Solana, Polygon, Tether, Ripple, Shiba Inu, Litecoin, Bitcoin SV, Dogecoin, and USD Coin amongst others. It also supports popular fiat currencies like EUR, USD, SGD, THB, JPY, INR, HKD, ILS, MYR, AUD, and many more.

Crypto.com is considered one of the top cryptocurrency exchanges in the market. Binance is a leading cryptocurrency exchange offering one of the most comprehensive product lists of any digital asset trading platform. Despite Binance’s wide array of products, there’re some spots where it comes Securities Truly a Trustworthy Brokerage Firm up short, and its competitors shine. This guide looks into some of these areas and highlights four of the best Binance alternatives to consider if these factors are important to you. OKX is known for its reliability and the cutting-edge blockchain technologies on which it operates.

The new pairs, which are NOT to Brazil Real and WIF to Euro, will be available for trading tomorrow. As well as offering simple payments, Paybis provides 24/7 customer support which is available through live chat and email. Users can also find a range of educational resources on the platform which can be used to learn more about investing in cryptocurrency. Sometimes, the price of a token is marked up by an exchange to cover trading fees. On exchanges where spreads aren’t charged, traders will usually be charged a commission on each trade that they place. We interviewed the following investing experts to see what they had to say about cryptocurrency exchanges.

Bittrex is a US-based cryptocurrency exchange platform that offers the highest number of trading pairs – more than 190. It is one of the oldest exchanges still in operation, having launched in 2014. And since it abides by the regulations, it can operate legally in many countries, including the US. It was founded in 2012, and it is considered one of the most popular exchanges in space today. As stated before, users are required to submit KYC for security purposes afterward they can purchase various cryptocurrencies through credit card or bank transfer. Like Binance, Bitstamp is also geared towards more experienced traders with advanced features yet lacks significantly in terms of coins included compared to the former.

Each fiat currency can be deposited to Huobi with more than 60 payment options, such as international wires, bank transfers, WeChat, AliPay, and credit/debit cards. These alternate exchanges to Binance have been selected due to similarities in features, supported countries, accepted currencies, ease of use, trading fees, security, and customer support. This comparison compares the exchanges based on the number of supported assets, trading fees, and overall rating. By providing a safe trading platform that supports a vast number of assets, Paybis caters to the needs of newbies and professional traders across the globe. Since 2014, it has built a strong reputation as one of the safest places to carry out crypto transactions, thanks to its industry-standard security features.

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