10 best crypto exchange alternatives for Binance
Johansen Bilasho
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With new rules on crypto marketplaces, countries are cracking down on cryptocurrency exchanges left and right. The new restrictions require thorough identity verification, and anyone who does not comply will face harsh penalties. Of course, Binance isn't the only one, but because it's a well-known name in the sector, it receives more attention.s, countries are cracking down on cryptocurrency exchanges left and right. The new restrictions require thorough identity verification, and anyone who does not comply will face harsh penalties. Of course, Binance isn't the only one, but because it's a well-known name in the sector, it receives more attention.
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Binance responded by updating its KYC policy, although it is still insufficient for most countries, including Ontario (Canada), China, Europe (for derivatives trading), Malaysia., Japan, UK, Thailand.
What Other alternative crypto exchange should I use?
As a customer, the first and most critical thing to take into consideration is the exchange security policy.
Other things to consider
Here are the top 10 best exchanges
1. Bybit
Bybit is a controlled cryptocurrency exchange founded in 2018 and registered in the British Virgin Islands. Currently, the exchange offers 485 coins and 558 trading pairs.
Bybit is a cryptocurrency exchange that provides traders of all skill levels with a professional platform that includes a lightning-fast matching engine, first-rate customer care, and multilingual community support.
Since its founding in March 2018, Bybit has provided access to over 100 assets and contracts spanning Spot, Futures, and Options, launchpad projects, earn products, an NFT Marketplace, and more to over 10 million individuals and institutions.
Fees 0.10%
2. OKX
OKX is a Centralized-registered cryptocurrency exchange that was founded in 2017. There are 554 trade pairs and 331 currencies accessible on the exchange right now.
With OKX, you can:
OKX is not able to serve customers in the United States. The platform is available globally, except in the United States and other restricted locations.
Fees
Spot: 0.02% - 0.2% Futures: -0.01% - 0.05%
3. Coinbase
Founded in 2012, Coinbase Exchange is a controlled cryptocurrency exchange with US registration. There are 405 trade pairs and 247 coins accessible on the exchange right now.
A platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers.
Fees 0% - 0.3%
4. Kraken
Kraken is a controlled cryptocurrency exchange that was founded in 2011. There are 657 trade pairs and 237 cryptocurrencies accessible on the exchange right now.
Crucial details to be aware of:
Europe (where the company is headquartered), Japan, Canada, the USA, Singapore, Malaysia, Hong Kong, and a number of other Asian nations are the places where Kraken is available.
It also supports a large number of tokens and coins. The only drawback is the abundance of reports about Kraken's extremely poor support response times.
Fees 0% - 0.26%
5. MEXC
Founded in 2018, MEXC is known as the exchange of high performance and mega transaction matching technology. The team at MEXC are some of the first movers and pioneers of financial and blockchain technology.
Currently, MEXC caters to more than 10 million users in over 170 countries and regions around the world and we have just started. This magnificent achievement is a significant milestone, and MEXC aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey.
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MEXC has presence over and across major continents and jurisdictions around the globe and is regulated, either directly or through affiliates, by some of the world's most renowned jurisdictions. MEXC also offers localized language support for investors from different countries, making it easier for them to trade.
The exchange at MEXC is a high-performance trading engine which has been developed by experts from the banking industry and is capable of completing 1.4 million transactions per second, which results in groundbreaking efficiency and enhanced performance.
Fees
0.2% Transaction fees. (excluding the assets received)
6. Kucoin
KuCoin is committed to providing a safe and trustworthy trading platform and boasts one of the most sophisticated security technologies and maintenance teams in the world, including a dedicated security team that constantly works to keep your assets and account secure alongside independently-verified Proof of Reserves that verifies all user assets are backed on a 1:1 basis.
KuCoin offers a variety of trading and investment options that allow you to buy and sell crypto with as little as $1. With products like zero-fee conversion, spot trading, margin trading, and futures trading, you can try out different strategies and build your skills on KuCoin without worrying about entry costs.
Fees 0.1%
7. GATE.IO
Established in 2013, Gate.io has consistently ranked among the top 10 exchanges. It is a full-service digital asset exchange platform covering millions of users around the world.
GATE.IO is one of the world's first exchange to guarantee 100% Proof of Reserves. Using an open-source Merkle tree solution combined with third-party audits or zero-knowledge tech, users can independently verify their deposited assets.
Fees0.20%
8. Bitget
Bitget, a centralized cryptocurrency exchange, was founded in 2018 and is registered in Seychelles. Currently, the exchange offers 812 coins and 900 trading pairings.
Fees
Spot: of 0.1% (Maker and Taker), only costs 0.08% with BGB payment Futures: 0.02% (Makers), Takers (0.06%)
9. Binance US
Binance US is a controlled cryptocurrency exchange that was founded in 2019 and is registered in the United States. Currently, the exchange offers 156 coins and 172 trading pairings.
Fees
0.1% trading fee
Withdrawal fee
USD 15 BTC 0.0005 ETH 0.0005 LTC 0.001 USDT 1.1 BNB 0.001 XRP 0.25 BCH 0.001
10. Bing X
BingX, founded in 2018, is a leading cryptocurrency exchange with over ten million customers globally. BingX provides a variety of goods and services, including spot, derivatives, copy trading, and asset management, all tailored to the changing demands of consumers ranging from novices to specialists.
BingX is devoted to offering a trustworthy platform that empowers users with unique tools and features to enhance their trading expertise.
Order your FULL MRR Cryptocurrency Video Training Course today and start building a thriving passive income stream while empowering your audience with the knowledge they need to navigate the exciting world of cryptocurrency. Click here or open this link https://bit.ly/480Utkl
I hope the material above helps you pick which trading platform to switch to next. Different people have different preferences, so thoroughly review each platform's services, features, and legal status in your country of residency before transferring your assets!
I have experience Searching and using more than 1000+ centralized crypto exchanges. Trade with caution
View my portfolio here https://johansenbilasho.wixsite.com/johansen