While Binance is a leading name in the crypto exchange industry, exploring other options can often be beneficial.

In this article we list the best Binance alternatives, highlighting their features and benefits. We also explore why you might opt for these alternative, and how they compare to Binance.

Top 6 Best Alternatives to Binance

  1. CoinbaseBest Platform for Beginners
  2. Bitstamp – Multiple Payment Options
  3. CEX.io – Leverage Your Crypto Trades 
  4. Kraken – Crypto Exchange with 7 Supported Fiat Options
  5. Gemini – Crypto Exchange with Multiple Use-Cases
  6. Crypto.com – Earn Passive Income via Staking Cryptos

The Best Binance Alternatives Reviewed 

After reviewing Binance’s available assets and trading fees in our Binance review, if you still want to compare it with Binance competitors, we have reviewed six of the best alternatives to Binance in the following sections.

1. Coinbase – Best Platform for Beginners

Coinbase is one of the most popular crypto exchanges that offers one of the best crypto apps to over 98 million verified users.

Coinbase is an excellent platform designed for beginners who are interested in investing. It is incredibly user-friendly and has a familiar interface. Moreover, the platform is complemented by extensive educational resources and a real-time market feed, providing users with up-to-date information.

The Coinbase platform supports a standard platform and Coinbase Pro – its advanced trading platform that gives users access to more cryptos and technical indicators to assist in trades. With the standard platform, users can invest in 100+ crypto assets and buy Bitcoin and other popular digital currencies. 

Buy Crypto on Coinbase

Coinbase charges a 1.49% commission per trade and a maker/taker fee of 0.50% per transaction. On top of this, the platform charges a hefty commission of 2.99% for credit card transactions. 

On the other hand, Coinbase Pro supports 250+ crypto assets. Users can also buy cryptos with credit cards for no additional fees. Coinbase Pro supports multiple order types like limit and stop orders, which the standard platform does not offer. 

Coinbase offers excellent customer support, which is highly important for new investors. 

The platform stores 98% of all users’ assets in cold storage. 

What We Like 

  • Over 100/250 digital assets
  • User-friendly interface
  • Low credit card fees with Coinbase Pro 
  • Staking opportunities
  • NFT marketplace 

Coinbase vs Binance

Crypto Exchange Coinbase Binance
Cryptos Available 100 – 250+ assets 600+
Pricing Structure Trading fee +maker/taker fee Maker/Taker model
Price for Buying BTC 1.49% + 0.50% Beginning at 0.1%
Digital Wallet Yes Yes
Top 3 Features
  • Coinbase Pro
  • NFT Marketplace
  • Stake cryptos
  • Leverage Opportunities
  • Staking cryptos
  • Binance Academy
Regulation Registered with global regulatory bodies Regulated globally by multiple regulatory bodies

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. BitStamp – Multiple Payment Options 

BitStamp is another potential best alternative to Binance, that serves over 4 million traders globally and supports trading of 89 digital assets.

Bitstamp is the cryptocurrency exchange with the longest-running history. It is licensed by the New York State Department of Financial Services and is fully accessible to US citizens. Both crypto exchanges’ offerings, usability, and trading fees are comparable. However, like Binance, Bitstamp is also designed for more experienced traders and offers advanced features. Nevertheless, compared to Binance, Bitstamp lacks a significant number of coins.

bitstamp homepage

A fiat getaway platform, BitStamp supports fiat deposits in EUR and USD and offers 70 crypto trading pairs on the platform. BitStamp supports Tradingview, allowing users access to real-time insights and multiple order types when charting strategies.  Since the platform supports high-performing APIs, users can deploy their own algorithmic patterns. Keeping instant card purchases, BitStamp lets users buy crypto directly with a bank card. 

However, credit card transactions can cost an 8% fee for a small trading volume. The rate decreases to 5% when trading volume increases. Alternatively, users can deposit cash directly from a bank account with a wire or SEPA transfer. 

What We Like 

  • Offers 70+ trading pairs
  • Lets users access multiple order types
  • Low minimum deposit
  • High-performing API keys

BitStamp vs Binance

Crypto Exchange BitStamp Binance
Cryptos Available 50+ crypto assets 600+
Pricing Structure Maker/Taker fee Maker/Taker model
Price for Buying BTC 0.50% Beginning at 0.1%
Digital Wallet No Yes
Top 3 Features
  • Whitelisting capabilities
  • 70+ Trading Pairs
  • Purchase cryptos with wire transfers
  • Leverage Opportunities
  • Staking cryptos
  • Binance Academy
Regulation Regulated by the CSSF  Regulated globally by multiple regulatory bodies

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. CEX.io – Leverage Your Crypto Trades

Launched in the U.S, CEX.io is one of the oldest crypto brokerages that is now U.S licensed and regulated. Since CEX.io is a CFD brokerage, the platform offers margin and spot trading

Additionally, users can earn interest by staking cryptos, opening a CEX.io savings account and accessing the super-instant buy option to purchase cryptos directly. However, fees can go as high as 7% when buying cryptos with the instant option. 

CEX.io homepage

In total, CEX.io supports 110 cryptocurrencies and more than 225 trading pairs. Crypto-backed loans and crypto rewards debit cards are also supported with CEX.io. However, users in the U.S do not have access to these features as of yet. 

CEX.io boasts a simple pricing structure, and compared to Binance, is more expensive, charging a maker/taker fee beginning at 0.15% and 0.25% simultaneously. Users can start investing using VISA or a MasterCard, which requires a further 2.99% transaction fee and a $20 minimum deposit. 

What We Like 

  • CEX.io offers leverage trading options
  • Users can stake tokens to earn interest
  • Investors may access a crypto savings account (Outside U.S)
  • Instant Buy options for cryptos 

CEX.io vs Binance

Crypto Exchange CEX.io Binance
Cryptos Available 110 cryptocurrencies 600+
Pricing Structure Maker/Taker fee Maker/Taker model
Price for Buying BTC 0.15%/0.25% maker/taker Beginning at 0.1%
Digital Wallet Yes Yes
Top 3 Features
  • Leverage trades
  • Multiple trading pairs
  • Crypto savings account
  • Leverage Opportunities
  • Staking cryptos
  • Binance Academy
Regulation Regulated by FCA  Regulated globally by multiple regulatory bodies

Crypto assets are a highly volatile, unregulated investment product. No UK or EU investor protection.

4. Kraken – Crypto Exchange with 7 Supported Fiat Options

Kraken is a centralized and U.S.-based crypto exchange that trades over 120 crypto assets.

This exchange provides low transaction processing times and high liquidity levels by supporting the instant trades of popular assets like ETH, XRP, BTC and more. The Kraken exchange offers a selection of 185 cryptocurrencies, but does not support NFT storage or trading.

kraken homepage

Kraken also supports payment options such as SEPA, wire transfers, e-wallets and Apple Pay. Each payment method may charge a differing transactional charge. For example, users pay a 0.50% fee when depositing money with bank transfers. 

Kraken Pro is an available advanced trading option, allowing users to access high-risk options like margin & leverage trading. The fees on Kraken Pro abides by a maker/taker pricing structure. Users pay a fee beginning at 0.16%/0.26% per transaction. 

On the other hand, standard platform users must pay a 1.5% trading fee for cryptocurrencies or a 0.9% trading fee for stablecoins. 

Kraken and Binance differ in terms of security. Kraken is transparent and stores 95% of client crypto assets in cold storage to protect against cyber attacks. Binance experienced a major breach in 2019 and has legal troubles. Kraken has never been hacked and received a Special Purpose Depository Institution Bank Charter (SPDI), allowing it to become the first US-based bank to store cryptocurrencies.

What We Like 

  • Two Platforms available to users
  • Cheaper fees with Kraken Pro
  • Margin & Leverage trading supported
  • Multiple Fiat currencies supported
  • Very safe and secure platform

Kraken vs Binance

Crypto Exchange Kraken Binance
Cryptos Available 120+ assets 600+
Pricing Structure Trading fee/ Maker/taker fee Maker/Taker model
Price for Buying BTC 1.50%/ 0.16% & 0.26% Maker/Taker Fee Beginning at 0.1%
Digital Wallet Yes Yes
Top 3 Features
  • Margin Trading
  • 7 Fiat currencies
  • Kraken Pro 
  • Leverage Opportunities
  • Staking cryptos
  • Binance Academy
Regulation Regulated by FinCEN Regulated globally by multiple regulatory bodies

5. Gemini – Crypto Exchange with Multiple Use Cases

Another one on the best Binance alternatives list is the Gemini exchange. Along with investment opportunities in 50 + cryptos, Geminis offer various reward schemes, educational resources and earning opportunities for users. 

Firstly, users benefit from a minimum deposit of only 0.00001 when purchasing BTC. This equates to lesser than $1. Additionally, users stand a chance to earn $50 worth of free BTC after registering with Gemini. This can be availed when users invest over $1,000 within 30 days of opening a new account. 

Gemini Crypto Exchange homepage

Gemini Earn is another feature that lets users earn interest on cryptocurrencies and stablecoins. Furthermore, Gemini Pay is a feature accessible through the Gemini app – letting users pay using cryptos in more than 30,000 retail locations in the U.S. 

Gemini also supports a cryptopedia educational library – allowing users to learn about trading, blockchain, cryptos and more. To begin trading with Gemini, users should know the complex pricing structure. 

On trades below $200, a fixed fee between $0.99 to $2.99 is applied on transactions. After a trade increases in volume, Gemini charges a 1.49% trading fee. In terms of payment options, Gemini supports credit cards. However, this involves an additional fee of 3.49% per transaction. 

What We Like 

  • Gemini Earn to earn interest
  • Gemini Pay to use cryptos in 30,000+ retail locations
  • Educational resources for beginners to take advantage of 

Gemini vs Binance

Crypto Exchange Gemini Binance
Cryptos Available 50+ cryptos 600+
Pricing Structure Fixed Trading Fee Maker/Taker model
Price for Buying BTC $0.99 – $2.99 under $200 trading volume/ 1.49% above $200 Beginning at 0.1%
Digital Wallet Yes Yes
Top 3 Features
  • Educational library
  • Gemini Pay
  • Gemini Earn
  • Leverage Opportunities
  • Staking cryptos
  • Binance Academy
Regulation Regulated by NYDFS in the U.S Regulated globally by multiple regulatory bodies

6. Crypto.com – Earn Passive Income via Staking Cryptos

With Crypto.com, users will gain access to one of the most intuitive user apps to buy, sell, and trade cryptos easily. Crypto.com’s app provides the opportunity to invest in 250 + tradable assets and buy Ethereum, BTC and multiple other coins. 

Furthermore, Crypto.com earn is an exciting feature that rewards users with returns by staking crypto tokens. This feature allows investors to earn up to 14.5% on cryptos and 9% on stablecoins. 

Crypto.com offers credit cards, wire transfers and e-wallets as payment methods, with the former costing 2.99% per transaction. However, the platform lets users take out a local Crypto.com VISA card. 

crypto.com homepage

While using the VISA card, investors are rewarded with 5% to 8% cashback when purchasing cryptocurrencies on the platform. This handy accessory can also be used to access the Crypto.com NFT marketplace – to buy and sell thousands of unique digital assets. 

Another exciting feature is the ability to purchase CRO – the local crypto of Crypto.com. With CRO tokens, users can earn an additional 2% APY (Annual Percentage Yield) on stakings. 

When comparing exchange fees between Binance and Crypto.com, it’s clear that Crypto.com has the lowest trading fee at 0.5%. Binance comes in second with a fee of 0.10%.

What We Like 

  • 250 + tradable assets
  • DeFi crypto wallet
  • Earn interest on cryptos & stablecoins
  • Low trading fees
  • Cashback when using local VISA card

Crypto.com vs Binance

Crypto Exchange Crypto.com Binance
Cryptos Available 250+ 600+
Pricing Structure Maker/Taker pricing model Maker/Taker model
Price for Buying BTC 0.40% Beginning at 0.1%
Digital Wallet Yes Yes
Top 3 Features
  • Crypto.com VISA card
  • DeFi wallet
  • High APY on cryptos & stablecoins
  • Leverage Opportunities
  • Staking cryptos
  • Binance Academy
Regulation Globally regulated broker Regulated globally by multiple regulatory bodies

Best Alternatives Compared to Binance

The table below compares the best Binance alternatives based on fees, available assets, regulations, etc. 

Exchange Cryptos  Pricing Structure BTC Trading Fee Digital Wallet Top 3 Features Regulation
Binance 600+ Maker/Taker model 0.1% Yes
  • Leverage Opportunities
  • Staking cryptos
  • Binance Academy
Regulated globally
 

Crypto.com

250+ Maker/Taker fee 0.40% Yes
  • DeFi wallet
  • Crypto.com VISA card
  • High API on crypto via staking
Globally Regulatedbroker
BitStamp 70+ Maker/Taker fee 0.50% No
  • Whitelisting capabilities
  • Multiple trading pairs
  • Purchase cryptos with wire transfers
Regulated by the CSSF
Coinbase 100-250 + assets Trading fee + Maker/Taker fee 1.49% + 0.50% Yes
  • Coinbase Pro
  • NFT marketplace
  • Stake Cryptos
Registered with Global regulatory bodies
Kraken 120+ Trading fee for standard account/ Maker/taker for PRO 1.5%/ 0.16% + 0.26% maker-taker Yes
  • 7 Fiat currencies
  • Margin Trading Options 
  • Kraken Pro platform
Regulated by FinCEN
Gemini 50+ Fixed fee/ trading fee over $200 $0.99 - $2.99/ 1.49% Yes
  • Educational library
  • Gemini Pay
  • Gemini Earn
Regulated by NYDFS
CEX.io 110+ Maker/Taker model 0.15%/ 0.25% Yes
  • Leverage trades
  • Crypto savings account
  • Multiple Trading Pairs
Regulated by FCA

Why Use a Binance Alternative? 

Despite being a good platform, Binance has some crucial issues that may push traders to seek alternatives. These include:

User Interface 

First-time crypto investors may be unfamiliar with the Binance setup and platform interface. Binance provides various complex features like staking, leverage options, and more. 

Staking Disadvantages

One of Binance’s unique features is Binance Earn. With this feature, users can stake cryptos and earn an APY at the end of their staking period. However, exchanges like Crypto.com offer more benefits from staking. 

Lacking Beginner-Friendly Features 

Binance does not have multiple beginner-friendly tools and features at its disposal.  Crypto.com offers diversification opportunities with an NFT marketplace and lets users get cashback with their VISA card. Thus, there are other options for users to access multiple benefits. 

High Credit Card Fees

While Binance offers some of the lowest trading fees, it also charges a very high payment fee on transactions. With credit cards. When using Binance, users can pay up to 4.5% fees per transaction when buying cryptos with a credit card. 

This number is one of the highest in the market. Alternatively, exchanges like Kraken support multiple payment options at more affordable rates. 

Long Verification Confirmation Periods 

Another limitation of Binance is the long verification periods that users may face. While the verification process takes no more than 15-20 minutes, Binance can take up to 10 business days to verify the profile. 

This may be too long for users looking to enter the market immediately. Conversely, platforms like Crypto.com verify accounts within the same day. 

Conclusion

Our reviews on the best Binance alternatives currently available have been thorough and objective. We evaluated these platforms based on a variety of factors, from their features, trading and withdrawal fees, to the deposit charges and minimum order values.

This will ensure you select a platform that aligns both with your trading needs and financial goals.

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