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Are you being smart and trying to find the best possible sites and apps to buy and sell cryptocurrencies at. Maybe you have been using Binance and you are looking into finding out what are some of the best Binance alternatives out there?
It is really important to do our research when choosing a cryptocurrency exchange or trading platform. Binance is highly regarded by many. But it is important for every investor and trader to have a few alternatives to Binance when buying and selling cryptocurrencies.
So yes you might love Binance, or at least find it one of the better alternatives out there. But important advice from experts is to have a few options in your portfolio. So you can easier change exchanges if something would happen to Binance.
So therefore in this article, we will explore what are some of the best sites like Binance out there in 2020 for buying and selling cryptocurrencies.
When we did our research into alternatives to Binance we wanted to use a few key guidelines to pick the best options for you. Which were:
- How secure is the exchange? Binance is one of the safer options but still, they are experiencing hacks like many others
- How good is the trading volume? Binance has one of the best trading volumes in the world. Meaning there are more buyers and sellers there which is important.
- How easy is it to use? Another very important part is the UX and user-friendliness of the site, app and trading platform.
- How good is the cryptocurrency selection? Naturally, if there are fewer coins and tokens available then there is a chance we need to use other exchanges also when trading cryptos
So based on these four guidelines we went out to look into the Binance alternatives and find you some of the best cryptocurrency exchanges in 2020 to use!
For our help, we used a few different sources to find cryptocurrency exchanges, such as:
- Coinmarketcap.com – it is a site that lists most (almost all) cryptocurrency exchanges (and cryptocurrencies) in the world
- Go CryptoMarket – it is a site that lets you compare prices in real-time for the most popular cryptocurrency exchanges and coins and tokens
- Social media sites like Reddit, Facebook and Twitter were also used
- And naturally the websites and apps of the cryptocurrency exchanges
Please note: There is no particular order for these cryptocurrency exchanges. Meaning #1 is not ranked as better in this list than the others.
Evaluating the 8 best Binance alternatives
1 ) Bittrex
Another cryptocurrency exchange that almost is as popular as Binance is surely Bittrex. Bittrex is a U.S based crypto trading platform that has been around since 2013. And it has been the home for many crypto traders and investors for years.
There are currently two versions of Bittrex, one for U.S based traders and then an international version also for non-U.S traders.
The U.S version is fully compliant with U.S laws and regulatory requirements. So it is free to U.S traders to use.
Bittrex supports Fiat deposits and withdrawals but only for eligible personal or corporate accounts. So you have to get your account approved first. And this is for USD only (withdrawals and deposits).
It is open for customers outside of U.S or in the states listed here. Check that link for further details about getting your account approved.
Bittrex supported cryptocurrencies
Today Bittrex supports more than 300 cryptocurrencies in total (according to Coingecko and Go CryptoMarket) with one of their base trading pairs. Bittrex has USD, BTC, ETH and USDT market trading pairs.
Bittrex charges a trading fee to all traders. And this fee is usually around 0.25% but it can differ depending on the trade volume, maker or taker trade, cryptocurrency.
Overall Bittrex is a very good choice and one of the strongest contenders of Binance alternatives.
- To get started with Bittrex click here
2 ) KuCoin
The second cryptocurrency exchange on this list is KuCoin. KuCoin was launched during the crypto heights of 2017. It is a Singapore based exchange. And it is known for the quick addition of new altcoins.
So in its early days, many crypto investors flocked to KuCoin in order to buy new and upcoming cryptocurrencies or altcoins.
What else that really stands out with KuCoin is that they have been focusing on user experience and user features quite strongly from the start. So some of their key features that have attracted many to use their exchange are:
- Staking (soft staking) available for cryptos like EOS, ATOM, TRX, IOST, NEBL, NULS, TOMO, ELA and many more. So you can stake your coins directly from their exchange and earn daily rewards – find out more here
- Lending is another feature available for customers where you can earn 12% annual returns. Lending is actually margin funding and it can be a great way to earn some extra cash by funding other margin traders – find out more here
- KuCoin Shares (KCS) – is their native cryptocurrency where you can earn passive income by simply holding KCS from all the trading fees on KuCoin’s exchange – find out more here
KuCoin supported cryptocurrencies
KuCoin supports around 100+ coins today. With BTC, KCS, USD as their primary trading pair markets find out more here.
The current trading fees of 0.1% are the ones that apply at KuCoin when buying or selling cryptocurrencies. It is a flat fee for all trades.
But you can get a discount off your trading fees with 20% if you own and pay with KCS (learn more here).
And KuCoin also has different membership levels or VIP levels. Where discounts, etc could be enjoyed. Such as lowered trading fees (learn more here).
- To get started with KuCoin click here
3 ) Kraken
Another interesting alternative to Binance would be Kraken.
Kraken is also another U.S based cryptocurrency exchange. And it is one of the older Bitcoin and cryptocurrency exchanges that is still around. It was launched back in 2011.
And it has grown to become one of the more stable and trustworthy exchanges in 2020! Kraken has also stepped up its effort to stay at the top as one of the leading cryptocurrency exchanges in the world.
With the recent acquisition of Circle Trade to add to their OTC trading desk portfolio (learn more here).
Which will improve liquidity on all supported trading assets, new trading partners and improved trading tools.
Kraken today in 2020 is stronger than ever. With a solid reputation, nice-looking trading platform and continuously voted amongst the top by crypto traders. Make it an obvious choice of this list of alternatives to Binance.
Kraken supported cryptocurrencies
With the Fiat pairs being; USD, EUS, CAD, JPY, GBP, and CHF.
Additionally, they have support for Crypto to Crypto trading pairs of over 30+. With the most popular coins and tokens being amongst those.
But Kraken has by choice limited their support. And they have chosen a more restrictive path. Going for quality over quantity.
Krakens trading fees range and differ depending on your trading volume. The Kraken trading fees are from 0.16% (Maker fee) and 0.26 (Taker fee) from the highest level down to 0% (Maker fee) and 0.10% (Taker fee) for the lowest level.
- Learn more about their trading fees here
- To get started with Kraken click here
4 ) OKCoin
OKCoin is one of the world’s leading cryptocurrency exchanges. It is part of the same group as other cryptocurrency exchange OKEx and the investment company OKGroup.
OKCoin has offices in San Francisco, Malta, Hong Kong, and Beijing
OKCoin was founded in 2013 by Star Xu a previous Yahoo and Alibaba employee.
OKCoin supports both Fiat deposits and withdrawals. And it has that support for both Europeans, U.S citizens and in many Asian countries. Making it a very attractive global exchange.
OKCoin supported cryptocurrencies
OKCoin focuses mainly on the most popular cryptocurrencies for both their crypto to crypto trading, but also crypto to fiat trading pairs. About 10+ coins and tokens are available on its platform.
For example Bitcoin, Ether, Litecoin, EOS, XRP, TRX, ADA, XLM, BAT being some of them.
These are the current fees that apply to OKCoin. With transaction or trading fees ranging from 0.10% in Maker Fee and 0.20% in Taker fee down to -0.01% in Maker Dee and 0.03% in Taker Fee.
All depending on your trading volume and User Tier. It is based on your previous 30-days trading volume.
Additionally, there are certain withdrawal and deposit fees.
For example, depositing fee of 1% from Epay, and $35 per transaction withdrawal fee with Prime Trust, and €18 (EUR) withdrawal SEPA or Wire transfer fee
- To get started with OKCoin click here
5 ) OKEx
The other cryptocurrency exchange from the same group on this list is OKEx.
And OKEx aims to be our ‘one-stop’ crypto exchange and platform. With spot trading, margin trading, futures trading, and perpetual swap (contract) trading, and leveraged trading all available on their trading platform.
OKEx is available as a web trading platform but also a mobile app for both iOS and Android, as well as a desktop app for Windows and Mac.
Additional features that they have brought in to retain users is their mining pool to their native OKB token and a high-qualitative cryptocurrency wallet
OKEx supported cryptocurrencies
OKEx has about 70+ supported coins and tokens. With the major coins (BTC, LTC, ETH, XRP, etc) and an interesting range of altcoins, such as XLM, NEO, QTUM, TRX, ADA, ATOM and many more.
The traditional trading fees at OKEx are 0.1% Maker Fee, 0.15% Taker Fee on the lowest trading volume to 0.060% in Maker Fee nad 0.090% in Taker Fee on the highest trading volume level.
Then they have VIP user levels, with an additional trading discount to -0.010% in Maker Fee nad 0.030% in Taker Fee.
Learn more about the trading fees here.
- To get started with OKEx click here
6 ) Coinfalcon
Coinfalcon is a fairly new cryptocurrency exchange that deserves your attention and being on this list of alternatives for Binance is Coinfalcon. Launched in 2017 and based in the UK.
Coinfalcon otherwise is a very nice looking site and it is easy to use. They have support for credit card and debit card crypto purchases, Fiat withdrawals and deposits.
They also have a nice mobile app (for both iOS and Android). So that you can easily access your cryptos for trading on the go.
Coinfalcon supported cryptocurrencies
Coinfalcon as it is fairly new only supports around 10 coins and tokens today. Being ADA, BTC, ETH, LTC, IOTA, TRX, XRP some of the more popular ones added.
Check this link out to see when new coins and tokens get added.
The fees that apply at Coinfalcon are card payment fees (they vary check when making a purchase), withdrawal fees for most of the cryptos, but no deposit fees.
And then a Taker Fee that ranges from 0.20% down to 0.05% and then no Maker Fee. Check out this page for all the information regarding Coinfalcon fees.
- To get started with Coinfalcon click here
7 ) Huobi
The next on this list of Binance alternatives is Huobi.
Huobi was founded in 2013 and it has its main office in Singapore like many other cryptocurrency exchanges. Huobi offers most of the features that a modern trading platform needs.
With traditional crypto to crypto spot trading, Futures trading, Margin trading to an OTC desk. They also have Fiat trading where you can Fiat (stablecoins) from other traders directly from their marketplace on their site.
Huobi also has its own stablecoin – HUSD, which is pegged to the USD and it is 1:1 redeemable.
You can with Huobi and its own stablecoin HUSD both deposit funds and withdraw funds via the Stcoins service. These transactions are handled by Paxos, which is a reputable financial institution.
That provides similar services to many other cryptocurrency exchanges. For example Binance.
Huobi supported cryptocurrencies
Huobi supports the major cryptocurrencies but also a very good range of interesting altcoins. Huobi has trading pairs with USDT, HUSD (their stablecoin), BTC, ETH and HT (the Huobi token).
- Find out more about what the current market cryptocurrencies and trading pairs are available on Huobi here.
The Huobi trading fees differ depending on your membership level and type. For market makers and VIP customers, several levels of discounts are available.
But the trading fees at Huobi are ranging from 0.020% Maker Fee and 0.030% Taker Fee at the highest down to -0.013% in Maker Fee and a Taker fee of 0.025%
- To get started with Huobi click here
8 ) Gate.io
Last but not least on this list of Binance alternatives is Gate.io.
Overall Gate.io offers most of the things that a crypto trader need. With a good range of cryptocurrencies available to traditional crypto trading, and Futures trading and margin trading.
Gate.io also has some interesting features in its HODL & Earn section. Where you can hodl, or lock-up your coins in different activities and earn interest from it. Ranging from 8% P.A (Per Annum) with Tezos to 15.55% P.A with VeChain.
- Check out this page to learn more about current active HODL & Earn events.
They also have crypto lending, crypto loans and margin borrowing available for their customers.
Gate.io supported cryptocurrencies
Gate.io has over 190+ crypto trading markets. With 70+ coins for the BTC markets, 140+ for ETH markets and then they have Fiat trading market pairs – USDS that has 190+ trading pairs and CNYX that has currently 10+ trading pairs.
Gate.ios trading fees range from 0.2% flat trading fee with both USDT, BTC and ETH and a withdrawal fee from 0% + a flat crypto fee depending on the cryptocurrency.
- Find out more here about the current active trading and withdrawal fees.
- To get started with Gate.io click here
That is the end of this top list of some of the best cryptocurrency exchanges and alternatives to Binance.
If you enjoyed this article then please share it. If you have any questions or thoughts then feel free to leave a comment below!
These listed cryptocurrency exchanges all deserve to be on any top list of crypto exchanges. But especially when compared to one of the leading crypto companies and exchanges in the world, in Binance.
Once again when you are using Binance and it is working as it should, and it has all the coins and tokens that you want to trade with then you might never think about using another crypto exchange.
I mean why would you? But in the case that Binance closes down, stops working temporarily or some new regulatory changes that make it unavailable in your country then you need a good alternative.
So with this guide, you can more easily find an alternative that resembles Binance but has its own good qualities.
No exchange is exactly like Binance. But there are plenty of good alternatives on this list. That all offer their own unique features and qualities.
So when picking a good alternative you can rely on this list as a starting point to find your new favourite!
Find other guides:
- Best way to invest in crypto
- What crypto markets are
- Bitcoin investing guide
- How to short Bitcoin
- Best Ethereum wallets
Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier