Best Alternatives to Binance to Try

	Name	Score	Visit	Disclaimer
	eToro	8.7	Visitetoro.com					Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

By combining an easy-to-navigate platform, a wealth of educational materials, over 70 cryptocurrencies to trade with, and social investing capabilities, eToro makes an excellent alternative to Binance. The platform charges 1% commission per transaction which is costlier than Binance’s no-commission trading and may not appeal to active day traders, yet the platform offers free card deposits along with no maintenance fees and still remains a lower trading cost for market standards. eToro also provides access to various fiat currency trading pairs, allowing traders to buy and sell currencies against one another or against other assets like commodities, stocks, or cryptocurrencies.

eToro also expanded its offerings to include stock trading, fractional shares, and ETF trading and appeals to crypto investors looking to diversify their portfolio by accessing multiple markets from a single cryptocurrency exchange platform. The company also adheres to stricter regulations as a broker when compared to Binance, a mere cryptocurrency exchange, which had legal problems in a number of countries in the past, making eToro a better choice in terms of security and trustworthiness. eToro is considered one of the top cryptocurrency exchanges in the market.

	Name	Score	Visit	Disclaimer
	Uphold	8.4	Visituphold.com

Similar to eToro, Uphold also includes a variety of digital assets within its offering, including commodities and equities whereas Binance is solely focused on cryptocurrency trading. Combining no-commission trading and transparent pricing with an intuitive interface, it’s an excellent choice for all-around traders.

Traders who wish to use their digital assets in transactions will greatly appreciate Uphold’s unique multi-asset debit card where it’s possible to store and spend USD, gold, cryptocurrencies, and equities. Cardholders can seamlessly convert their securities into fiat digital assets and benefit from lower FX rates than banks.

Similar to Binance, Uphold supports a no-commission model yet the spreads are built-in trading charges and they vary widely depending on the digital currencies involved and regions: in the US, while the spread tops at 1.8% for major coins, it can go much higher for low-liquidity coins. Also, Uphold is voted as one of the best crypto exchanges out there in the market. Uphold is considered one of the top cryptocurrency exchanges in the market.

	Name	Score	Visit	Disclaimer
	Coinbase	8.4	Visitcoinbase.com

Binance is highly revered by its users for the range and depth of trading instruments – yet the sheer number of moving parts makes it less appealing for beginner traders. Coinbase, on the other hand, is a premium product for novice investors that is incredibly easy to use and has a familiar sense to it.

The platform is neatly complimented with far-reaching educational resources and real-time market feed built into the platform. The knowledge hub is divided into three parts, Crypto Basics, Tutorials, and Market Updates. Traders can also access a regularly updated resource hub listing prominent publications, channels, and podcasts about all things crypto.

Customer support can also be instrumental for novice traders – while the channels offered by both platforms largely overlap, Coinbase also discloses a phone line for additional support that Binance lacks.

	Name	Score	Visit	Disclaimer
	Kraken	7.6	Visitkraken.com

Binance and Kraken largely overlap in terms of their intended audience – both crypto exchanges are mainly geared towards more experienced traders with capabilities like advanced charting or multiple market orders. Additionally, Kraken supports a standalone platform for live price charts, market feeds, and trading alerts named Cryptowatch.

In terms of security, though, the two outfits differ tremendously. Kraken is uniquely transparent regarding its security measures, the most outstanding of which is that 95% of client crypto assets are stored in cold storage where they are harboured away from cyber attacks.

This may come as an attractive feature for Binance users with concerns regarding security measures as the platform experienced a major breach in 2019 followed by a series of legal troubles within and outside of the US that continues to this day. Kraken, on the other hand, has never been hacked as of 2023 and became the first digital-asset company that has been granted a Special Purpose Depository Institution Bank Charter (SPDI), which will allow it to transform into the first US-based bank that is allowed to store cryptocurrencies.

	Name	Score	Visit	Disclaimer
	Crypto.com	8.7	Visitcrypto.com

Crypto.com boasts over 250 cryptocurrencies in its offering whereas Binance, albeit being quite high for market standards, include over 150. Additionally, the outfit matches some of Binance’s advanced features such as advanced charting and further expands to include margin trading (which is not available for Binance.US users), a marketplace for NFTs and a decentralized wallet. Its safe to say its one of the best Binance alternatives in the crypto market. Users can also use their fiat currencies to purchase cryptocurrency directly on the Crypto.com app or website.

By no means Crypto.com can match Binance’s low costs – yet it has launched several reward initiatives for holders of its native token, Crypto.com Coin (CRO), and prepaid Visa card. The cardholders can enjoy lower deposit fees, an easier process of funding their account, cashback rewards from various brands, and up to 5% uncapped return from their staking activities. Crypto.com is considered one of the top cryptocurrency exchanges in the market.

	Name	Score	Visit	Disclaimer
	Bitstamp	6.8	Visitbitstamp.net

Following its woes in the country, Binance has announced that its partner company Binance US will take over its position in the States – but not all of them. Besides the discrepancy between offerings, the biggest drawback of Binance.US is that it is not available in every state, most notably citizens of New York and Texas cannot access the platform.

Bitstamp, the longest-running cryptocurrency exchange, is licensed by the New York State Department of Financial Services and fully accessible to US citizens. Both crypto exchanges are comparable in their offerings, usability, and even trading fees.

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. Both platforms are complemented by a mobile app, albeit with unbalanced functionality matching in both cases (desktop and mobile app), and are known for low-fee trading.

Historically, three outstanding points account for Binance’s tremendous success:

• Variety of Currency Pairs – Binance.US includes over 150 cryptocurrencies in its offerings; while this is no match to its global partner (over 250), it's still quite high in comparison to other providers.

• Staking Offerings – Binance.US offers unparalleled staking options covering 26 cryptocurrencies including major coins Ethereum, Cardano, and Salona, with yields going up to 16%.

• Low Fees – It's perhaps the most attractive part of Binance; few to no crypto exchange or broker can surpass it in terms of fees. Traders can execute spot trades involving BTC with selected coins completely free of commission, while the remaining fees start from 0% to 0.1% in maker/taker fees.

As good as it is, Binance has some crucial sticking points that may push traders to seek alternatives, the most outstanding of which are as follows;

• Not Suitable for Beginners – Despite featuring a solid academy for novice traders to advance their knowledge, the Binance platform is far from being suitable for beginners nor does it feature a version that is. While experienced traders celebrate the depth and diversity of some of its features, the sheer number of moving parts is fairly overwhelming for a newbie.

• Limited Accessibility to Features – Binance had a famous exodus from the US in 2019 and announced its partner company, Binance.US, will fill the position instead. Despite the obvious overlap, Binance.US doesn’t have the same capabilities as its global counterpart: US traders are devoid of advanced features like crypto Visa debit card or marginal trading capabilities.

• Regional Availability – Unfortunately, Binance US is also not available in every state in the US and bars traders from Hawaii, New York, Texas, and Vermont.

Want to learn more about Binance? We rounded up all the relevant facts and figures about Binance - read through to find out the rise and fall of the famous platform.