Binance may be one of the most well-known cryptocurrency exchange platforms, but its limited deposit and withdrawal options, limited availability, and complicated trading platform has left crypto traders looking for Binance alternatives. If you’re looking for a new crypto exchange platform, we narrowed down our list of the top Binance alternatives and competitors (in no particular order) to Coinbase/Coinbase Pro, Kraken, and eToro. Keep reading to help you decide which platform best suits your needs.
Binance Alternatives and Competitors
|Model||Binance||Coinbase / Coinbase Pro||Kraken||eToro|
|Price||Check Prices at Binance.com||Check Prices at Coinbase.com||Check Prices at Kraken.com||Check Prices at eToro.com|
|Best For||Low fees and Alt Coins||High security and wide payment options||Trading on crypto pairs and fiat||New crypto traders|
|Founded||2017||2012||2011||2016 (started offering crypto n 2018)|
|Headquarters||Malta||San Francisco, California||San Francisco, California, Canada, Japan, EU||Cyprus, UK, Israel|
|Minimum Deposit||No minimum||No minimum||$1 to $150, depending on the avaiability and deposit method||$50|
|Credit Card Fees||.1%||3.99%||3.75% + €0.25||.1%|
|Bank Transfer Fees||.1%||1.49%||$5||.1%|
|Customer Support||Support ticket||24/7 live chat, Support Center||Support ticket, live chat|
Coinbase / Coinbase Pro
Coinbase boasts topnotch security and wide payment options
Available to more than 100 countries, San Francisco-based Coinbase is among the most secure cryptocurrency exchanges. The news of Binance getting hacked in 2019 is one of the reasons why some traders look to Binance alternatives like Coinbase. Coinbase’s security measures include two-factor authentication (2FA), vault protection, offline cold storage of its digital assets, and secure hard drives.
Some of Coinbase’s supported currencies include ETH, ETC, BTC, BSV, BCH, WBTC, USDT, USDC, MKR, ATOM, VET, and XLM, to name some. Coinbase accepts different payment methods, including PayPal, credit cards, wire transfers, and bank transfers, with the fees varying depending on your payment method. Coinbase charges a flat fee of 1.49%, with a minimum of $2.99 when you purchase a bitcoin through your USD Wallet or bank account. For credit cards, Coinbase charges 3.99%. To read more about Coinbase fees and pricing, click here.
Formerly GDAX, Coinbase Pro is the company’s platform for more advanced traders and is also a great alternative to Binance. Coinbase Pro has more charts and data and has a slightly more intimidating interface than Coinbase. If you’re an advanced trader who knows what you’re doing, you can save on fees when using Coinbase Pro as Coinbase’s beginner-friendly platform also means higher fees.
Non-US residents will find Kraken a great Binance alternative and competitor
Another notable crypto exchange brand, Kraken boasts a secure trading platform for beginner and experienced crypto traders alike. Kraken claims 95% of its deposit are stored in offline storage guarded 24/7. Among its security features include 2FA through Google Authenticator and Yubikey, API key permissions, and encrypted email, to name a few.
Kraken has 54 digital assets you can trade (at the time of writing). Among its supported currencies are Bitcoin, Ethereum, Ripple, Bitcoin Cash, Yearn Finance, PAX Gold, and Ethereum 2.0. Since Kraken supports fiat, you can pay in major currencies such as USD, GBP, EUR, JPY, and CAD.
Kraken’s fees are also competitive, another reason why it’s among the top Binance competitors. For instant buys, Kraken charges nothing when you purchase using your account balance. If you use a payment card, Kraken charges a transaction fee of 3.75% + .25 EUR. Unlike Binance and Coinbase, Kraken doesn’t accept PayPal.
Best Binance alternative for beginners
eToro was founded in 2016 and have only started offering cryptocurrencies in 2018. The Cyprus-based company may be a relative newcomer to the crypto exchange field, but it has become a popular alternative to Binance and a major competitor of Binance USA. It’s a great platform for beginners as eToro offers a virtual portfolio of $100,000 that you can play around with.
What makes eToro a great platform for those new to crypto is its CopyTrader feature which lets you copy the portfolio of a trader you choose. You can set an amount that will be automatically used to replicate your chosen trader/s’ positions when they execute a trade. Just make sure you make ample research on the trader you’re copying before using this feature. eToro’s CopyTrader doesn’t ensure you’ll get returns, but it can give you better insights into trading and different traders’ varying styles.
Unlike the other Binance alternatives and competitors on our list, eToro has limited currencies available (only 16 at the time of writing). Among the available cryptocurrencies are Bitcoin, Ethereum, Bitcoin Cash, XRP, Dash, Etherum Classic, ZCash, USDX, and NEO. To purchase cryptocurrencies, eToro lets you use PayPal, Skrill, wire transfer, Neteller, and credit cards.
If you’re looking for Binance alternatives, Coinbase, Kraken, and eToro are reliable, legitimate cryptocurrency exchange platforms
Best Binance alternative overall
Best for Binance alternative for beginners
Kraken, eToro, Coinbase, and Coinbase Pro are among the top Binance alternatives and competitors. They are secure and regulated, so you can rest easy that your investment won’t just disappear. Among the three Binance alternatives and competitors on our list, Kraken supports the most currencies and, including fiat and crypto pairs. Its fees are reasonable as well, although Binance’s low fees are still hard to beat. If you’re new to trading, Kraken’s platform is simple, clean, and not as intimidating as Binance’s.
Meanwhile, eToro and its CopyTrader feature make it an attractive starting point for beginners. If you’re not yet ready to invest and want to learn first, eToro’s virtual portfolio is a good way to test the waters without spending a dime.
Coinbase, Coinbase Pro, eToro, and Kraken are among the top alternatives to Binance and Binance US
Both are top cryptocurrency exchange platforms on the market today, but if you’re new to crypto trading, you might want to start with Kraken first.
No, just like Coinbase, Kraken is secure and has not been hacked.
Kucoin and Bitfinex are also among the best alternatives to Binance.