Haven tried different crypto platforms, I have put together the best Binance alternatives for users who are looking to compare, find a second exchange, or try out a new crypto exchange.
But before we proceed, I should mention that Binance is one of my favorite crypto exchanges.
They are also the largest exchange in the world, and finding a perfect alternative can be difficult.
But that doesn’t mean they are perfect for everyone.
Not that you can find a crypto exchange that is perfect for everyone.
This means the crypto exchanges listed here have their flaws as well.
But from my experience, some crypto exchanges are tailor-made for some people.
Not forgetting restrictions that can prevent residents of some countries from using a certain crypto exchange.
That said, while Binance may be the perfect exchange for someone or everyone else, it may not be perfect for you based on your individual needs or location.
Besides, having more than one (1) crypto exchange is highly recommended and one of the best ways to secure your crypto assets.
Why People Like Binance
Binance is well accepted because of its low trading fees compared to other crypto exchanges, the number of coins they provide, as well as the security of its platform.
They also have the best daily trading volume, deep liquidity on almost all trading pairs, and a nice user interface.
Binance ticks all the boxes that make a crypto exchange perfect, and this is why they are the largest crypto exchange in the world.
But as I said earlier, they are not perfect for everyone.
Plus they are not the only crypto exchange that is doing exactly what they are doing.
This brings us to this post, the ‘best Binance alternatives’.
To come up with this list, I checked other crypto exchanges that are safe, have low trading fees, a good daily trading volume, and liquidity.
I also looked at exchanges that offer a similar number of coins, trust me, these are the best alternatives to Binance.
Best Binance Alternatives
1. Gate.io
Gate.io is one of the top choices for anyone who is looking for the best Binance alternatives.
They have over 1000 cryptocurrencies in their platform for users to buy, sell, and trade, compared to 389 coins available on Binance at the time this post was published.
Gate.io is the number one crypto exchange for New Altcoins.
They have one of the biggest daily trading volumes, a very secure platform, good trading fees compared to many exchanges, plus Copy Trading feature that allows newbies to make successful trades which Binance does not have.
I have used the Gate.io exchange for a long time and never had issues with them.
To me, they are an exchange everyone should have, if not as your number one exchange, at least number two.
Gate.io was founded in 2013, making them one of the oldest crypto exchanges, but also among the best.
The company is located in the Cayman Islands, and as stated by CoinMarketCap, the platform is available to all countries except Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea. Some services are not available to residents of the US (in Washington, New York) and Canada.
Gate.io is one of the best Binance alternatives even for US residents unless you are in Washington or New York.
To create an account with Gate.io Click Here.
2. KuCoin
Kucoin is another top choice for people looking for Binance alternatives.
Their daily trading volume is also one the biggest among exchanges, and when compared to the others, KuCoin offers low trading fees as well, making them an attractive option.
They have industry-standard security features, and with over 700 cryptocurrencies available for their users to buy, sell, and trade, KuCoin qualifies as one of the best alternatives to Binance.
Considering the number of coins they offer, KuCoin is another crypto exchange that I think everyone should have either as their number one exchange or at least number two.
You cannot be looking to make a lot of money in the crypto space, and yet you don’t have an account with either Gate.io or KuCoin.
The company was founded in 2017 and is currently headquartered in Seychelles, with offices in Hong Kong and Singapore.
KuCoin is one of the best Binance alternatives even for US residents.
To create an account with KuCoin Click Here.
3. Crypto.com
Another crypto exchange you can view as a good Binance alternative is Crypto.com.
The platform was founded in 2016 and is currently based in Singapore.
As of the time this post was published they are rated as the most secure crypto exchange by CER.
Crypto.com has over 200 cryptocurrencies available for their users to buy, sell, and trade, a highly competitive trading fee that is one of the lowest in the industry, plus their daily trading volume is not bad.
The crypto exchange is currently available in 49 states in the United States, except New York, making them one of the best alternatives to Binance for US customers as well.
Crypto.com is one of the world’s fastest-growing Crypto apps.
They also have a prepaid Visa Card that offers their users rewards.
4. ByBit
One more popular crypto exchange that should be considered as an excellent alternative to Binance is ByBit.
They are registered in the British Virgin Islands and are headquartered in Singapore.
ByBit is a fast-growing crypto exchange with one of the biggest daily trading volumes in the industry.
Their platform is secure and their trading fees are among the least compared to other exchanges.
ByBit was founded in 2018, available worldwide, but currently restricted in the U.S, Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Mainland China.
I created my account with ByBit on February 2022 and it’s been worth it for me.
Bybit has over 300 cryptocurrencies available for its users to buy, sell, and trade.
To create an account with ByBit Click Here.
Conclusion
These are the closest alternatives to Binance.
Like Binance, they all have Deep liquidity, allowing users to buy and sell cryptocurrencies quickly and at a reasonable price.
They are also secure, with competitive trading fees, a good number of coins, and the biggest daily trading volume.
They tick all the boxes that make a crypto exchange good and trustworthy.
You will have no problem with any of them.
[READ: 5 Top Tips on How To Avoid Crypto Scams]
[READ: Best Crypto Hardware Wallet for Storing Crypto Offline]
IMPORTANT; you must never send money to anyone you meet online asking to help you invest in cryptocurrency. They are scammers. Crypto is easy, and you can do it all by yourself.
DISCLAIMER:
The information presented here should not be used as the sole basis of any investment decisions, nor should it be construed as financial, tax, legal, or accounting advice. I will also advise that you invest in cryptocurrency only what you are comfortable living without, at least temporarily.