9 Best Crypto Exchanges, Apps & Platforms of June 2024

cryptocurrency exchange like binance

There are around 500 exchanges to choose from, and Forbes Advisor combed through the leading crypto exchanges to determine the best crypto exchange for both new and experienced investors. If you’re looking to trade a specific cryptocurrency, you’ll want to confirm it’s available through the platform you’re interested in. And, the number of coins on offer can vary widely, from just two (in the case of Fidelity Crypto) to more than 250 (in the case of Crypto.com). Generally speaking, if you’re looking for anything more than Bitcoin, Litecoin and Ethereum, you should probably consider a pure-play crypto exchange rather than a traditional broker with a crypto offering. This becomes clear when comparing the number of cryptocurrencies available at pure-play crypto platforms and traditional brokers below. The platform supports around 70 different coins and assets with one of the quickest verification processes available.

Trading Fees

But as the industry has evolved, the U.S. government has introduced certain Know Your Customer regulations to prevent money laundering and fraud. While you’re ideally picking an exchange with the lowest costs, dwelling too much on the ins and outs of maker and taker fees can be counterproductive. That’s because you can’t choose whether your order is processed as a maker or a taker. Instead, you’re better served considering overall fees and any discounts available for trading a certain amount each month or holding an exchange’s native cryptocurrency.

Crypto.com – The best alternative to Binance, impressive selection of features

Binance is better suited for users seeking advanced trading tools and flexible payment options. Bitfinex is surely among the best-known crypto exchange platforms in the world. The exchange offers its clients all of the top features that you’d come to expect – a fiat on-ramp, low trading fees, a significant number of supported crypto assets, and so on.

cryptocurrency exchange like binance

Bitfinex – A Crypto Exchange for Experienced Traders

cryptocurrency exchange like binance

There’s absolutely no one in today’s crypto world that has never heard of eToro. Renowned for its special features, eToro has become one of the most widely-used crypto exchanges on the planet. The Coinbase mobile wallet is a useful feature that allows users to store various cryptocurrencies, including the ERC-20 tokens, safely. Coinbase exchange charges a deposit fee of 3.99% when using a debit card which is high compared to other platforms. In this guide, we will review where Binance falls short and list the top Binance alternatives that are arguably better platforms when it comes to regulation, features, safety, and fees.

In-depth Comparison of the Top Cryptocurrency Exchanges

There are also several options available for buying and selling without verification on P2P exchanges, although they are much less user-friendly and are recommended for more advanced users. You can buy cryptocurrencies through crypto exchanges, such as Coinbase, Kraken or Gemini. In addition, some brokerages, such as WeBull and Robinhood, also allow consumers to buy cryptocurrencies. Cryptocurrencies are various forms of digital money that are usually based on blockchain technology. Blockchain technology allows most cryptocurrencies to exist as “trustless” forms of transactions.

List of Alternatives to Binance: Reviewed

Users can read up on a whole host of crypto topics, from advanced crypto trading strategies to understanding the latest developments in decentralized finance (DeFi). The platform is packed to the brim with scores of features, like its unique Gemini Earn program for earning interest on crypto holdings and the Gemini Credit Card. Another major plus is Gemini is available in all 50 states, and Binance cryptocurrency exchange the company says it has a strong commitment to meeting all U.S. regulatory compliance requirements. Binance is a major player in the cryptocurrency scene, but its restrictions, security issues, and other problems make it undesirable for some investors. Fortunately, there are several fine Binance alternatives that offer the same or better features than Binance that you can use right now.

  1. Many users also have their Coinbase account locked for seemingly no reason, as Coinbase is stricter with ID document requirements and KYC than other crypto exchanges.
  2. A cryptocurrency exchange is similar to the fiat exchanges that you see at the airport when visiting another country.
  3. But compared to the rest in the list, Bitstamp has a higher fee rate at 0.50% for more than $10,000 trade volume.
  4. Anything above $200 will attract a variable fee of 1.49% for standard payment methods and 3.99% for payment cards.
  5. Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date.

In addition, the exchange has unique semi-offline multi-signature technology for ensuring the complete protection of crypto assets of their users. For keeping their cryptocurrencies safe and secure in one place, OKX offers a robust OKX wallet to its users, which encapsulates different Web3, DeFi, and GameFi features. Poloniex is a US-based cryptocurrency exchange that’s owned by Circle, a prominent player in the cryptocurrency industry. The platform supports fiat currency trading and even cryptocurrency lending. Bittrex supports fiat currency trading for international customers as well as customers from a number of US states.

First, make sure that the exchange is reputable and has a good track record when it comes to security, and keep a mindful eye on the reputation of the exchange among crypto veterans. If you’re interested in getting started with crypto, Gemini is a strong platform to consider, especially for its beginner-friendly approach and focus on security. Crypto.com charges fees based on whether your order adds (maker) or removes (taker) liquidity from the market. These fees can be reduced by trading more frequently and holding CRO, Crypto.com’s own token.

cryptocurrency exchange like binance

It’s not rocket science, try and keep your eggs in different baskets rather than in one (i.e., Binance). If you are currently a Binance user or someone looking to open an account with Binance, there are a lot of reasons to look elsewhere. Binance is a centralized exchange run by Changpeng Zhao, more commonly known as CZ. Binance has struggled finding a home, moving its headquarters multiple times only to be kicked out by each government it attempts to court.

AscendEX Exchange (previously known as Bitmax) was established in 2018 and is based in Singapore. The founding team consists of wall street veterans with extensive experience with investment banks, consulting firms, and blockchain digital asset industries. Overall, Coinbase Pro is a rock-solid exchange regarding user base, security, and legitimacy. The products offered by the exchange include perpetual as well as futures contracts. However, this lack of centralization and regulation also makes our money prone to fraud and theft.

Note that SwissBorg is not listed on the above site, possibly as it is more geared towards crypto investing and portfolio management, with crypto trading being secondary. I won’t go into the security details of Kraken and SwissBorg as you can find that information in our dedicated SwissBorg Review and Kraken Review. Kraken also has a branch https://forexbroker-listing.com/ of their business solely focused on security called Kraken Security Labs, where they deploy their expertise to help other web3 companies enhance their security. First, we provide paid placements to advertisers to present their offers. The payments we receive for those placements affects how and where advertisers’ offers appear on the site.

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