9 Best Binance Alternatives

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Binance has been one of the top exchanges in the cryptocurrency trading arena for many years. However, the exchange is continually under regulatory and legal pressure in several countries. This article will list and compare the best alternatives to Binance that can be considered a like-for-like replacement.

Here's a short list of reputable exchanges like Binance to trade crypto:

1. ByBit (Binance alternative for futures trading)
2. Coinbase (best alternative to Binance for USA)
3. Kraken (alternative for margin trading)
4. KuCoin (better option for trading altcoins)
5. Huobi (an all-round good alternative to Binance)
6. OKX (simple, modern and easy to use)
7. Bitfinex (well-established option for crypto traders)
8. MEXC (Binance alternative for copy-trading)
9. PrimeXBT (good option for futures)

Binance Alternatives & Comparisons

These alternate exchanges to Binance have been selected due to similarities in features, supported countries, accepted currencies, ease of use, trading fees, security, and customer support. This comparison compares the exchanges based on the number of supported assets, trading fees, and overall rating.

EXCHANGE	CRYPTO ASSETS	TRADING FEES	RATING	PROMOTION	WEBSITE	REVIEW
ByBit	331 (608 trading pairs)	0% (spot), 0.06% / 0.01% (futures)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	0% trading fees for 30 days (spot only)	Visit ByBit	ByBit Review
Coinbase	241	0.4% (maker), 0.6% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	$5 BTC bonus (USA only)	Visit Coinbase	Coinbase Review
Kraken	222	0.16% (maker) and 0.26% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	None available at this time	Visit Kraken	Kraken Review
KuCoin	806	0.1%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.6 / 5	Up to 500 USDT in bonuses	Visit KuCoin	KuCoin Review
Huobi	595	0.2%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.2 / 5	None available at this time	Visit Huobi	Huobi Review
OKX	349	0.08% (maker) / 0.10% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.4 / 5	None available at this time	Visit OKX	OKX Review
Bitfinex	188	0.1% Maker / 0.2% Taker	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 3.8 / 5	None available at this time	Visit Bitfinex	Bitfinex Review
MEXC Global Exchange	1521	Spot: 0% (maker) / 0.2% (taker), Futures: 0.02% (maker) / 0.06% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.3 / 5	10% discount on trading fees	Visit MEXC Globa…	MEXC Global Exch…
Prime XBT	39	0.05%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.4 / 5	None available at this time	Visit Prime XBT	Prime XBT Review

List of Alternatives to Binance: Reviewed

Binance Alternative #1 – ByBit

ByBit is currently the fifth largest exchange for derivatives trading volume globally and the leading exchange in this article behind Binance. It is one of the top margin platforms for trading cryptocurrency due to its intuitive and modern user experience and superior mobile app to Binance Futures. Traders can long or short coins like Bitcoin, Ethereum, EOS, and XRP with up to 100x leverage, compared to a maximum leverage of 50x on Binance. Bybit's trading markets include the spot exchange, inverse perpetual, USDT perpetual, and inverse futures.

The spot trading fees are 0.1%, the same for Binance. Moreover, Binance fee rebates and tiers are based on trading volume and holding a BNB balance. Bybit also offers trading fee rebates for its leveraged market; however, it works differently as there is no requirement to stake or hold any coins. All Bybit users that provide liquidity to the exchange (i.e., limit orders) will earn a 0.025% rebate.

In short, Bybit is a suitable alternative platform to Binance for margin traders due to its increased leverage amounts, sophisticated user experience, and fee rebates. However, Bybit is not available for users located in the USA, which is a con.

Read our full ByBit review and ByBit vs Binance comparison.

Binance Alternative #2 – Coinbase

Coinbase Exchange is our top pick for the best alternative to Binance. The exchange is widely known as a safe and reputable Bitcoin and crypto exchange trusted by thousands of customers worldwide. In terms of features, it is similar to Binance, which includes a spot market, an advanced trading terminal (Coinbase Pro), recurring buys, a mobile app, cryptocurrency staking, and a secure mobile wallet.

For most, Coinbase is likely to be a better platform due to its ease of use, which will suit the general public. The downside of Coinbase compared to Binance is the limited number of supported coins and markets for serious crypto traders. However, Coinbase still has 250+ coins that can be bought or sold on its exchange which is a close second in terms of trading volume and overall liquidity for Binance. This means reduced slippage and spreads compared to other exchanges.

In terms of fees, Coinbase has a maximum trading fee of 0.5% compared to 0.1% on Binance. Therefore, users will need to consider that there is a small increase in fees, which may not be suitable for day traders, for example. Despite the higher fees, Coinbase is our top pick since it caters to the wider community, including the USA, to buy, trade, store, and sell digital currencies.

Read our full Coinbase review and Binance vs Coinbase comparison.

Binance Alternative #3 – Kraken

Kraken is a Bitcoin and cryptocurrency exchange founded in 2011 and based in San Francisco, California. During this time, Kraken has become one of the leading exchanges with a reputation for ease of use, safety, and competitive pricing. The platform is suited for crypto investors to make quick fiat deposits and withdrawals. It is also a great tool to visualize crypto holdings in a single location and has one of the best crypto trackers for an exchange.

Kraken is a licensed and regulated crypto exchange in the US with FinCEN, except for customers in Washington state (WA) and New York (NY). Given its availability in the US, Kraken is a great alternative to investors in the USA and one of the best crypto exchanges for its selection of trading pairs.

Compared to Binance and Binance.US, Kraken's spot trading fees are slightly higher. The fees start at 0.16% and 0.26% for maker and taker orders. Users with larger accounts can reduce their fees based on trading activity for all cryptocurrency pairs over the past 30 days.

There are some cons to using Kraken, such as the basic user interface, which can be complicated for people without trading experience. For example, the process of entering trades lacks a simple order form. Other cons include a limited number of supported crypto assets and markets, no demo trading account, and an outdated charting platform.

Read our full Kraken review.

Binance Alternative #4 – KuCoin

KuCoin is an established exchange for trading altcoins and is often referred to as The People's Exchange due to its popularity. Established in late 2017, KuCoin has surged to become a premium platform for altcoin traders and speculators. Boasting more than 700 coins to trade compared to around 400 on Binance, the exchange is an option for traders who swap between digital currencies. Moreover, KuCoin is often referred to as the best altcoin exchange with its large selection of coins and is also stated on its website.

KuCoin offers a variety of markets to trade such as spot, leveraged tokens, derivatives and a top peer-to-peer exchange for traders. Regarding trading volume, KuCoin is a top 5 exchange with a 24-hour trading volume of 2.4 billion at the time of writing. Moreover, the exchange is a top-shelf equivalent to Binance based on the products and services beyond its trading markets. The available features include staking, DeFi lending service to earn interest on crypto assets, and instant spot trading with zero fees.

The trading fee uses a taker and maker model based on the 30-day trade volume (BTC) for all cryptocurrency pairs. The fee starts from 0.1% and gradually decreases with higher trading volumes. The fee is comparable to Binance and a like-for-like exchange based on transaction costs.

Overall, KuCoin is a reputable alternative to Binance for users outside the United States, offering a similar offering of products, services, markets, and coins.

Read our full KuCoin review and KuCoin vs Binance comparison.

Binance Alternative #5 – OKX

OKX is known for its reliability and the cutting-edge blockchain technologies on which it operates. The platform has been redesigned and now provides global users with a multitude of trading features and benefits, including 366 supported cryptocurrencies that can be traded across 826 spot, futures, margin, and perpetual markets. The margin platform, in particular, is well-laid out and has a similar appearance to Binance Futures.

Another useful feature that may appeal to existing Binance users is the OKX Earn platform. This includes earning interest on cryptocurrencies, obtaining crypto-backed loans, and staking. With the latter, OKX has a diverse range of staking terms and rates for Proof-of-stake tokens.

Similar to Binance's zero-fee on Bitcoin trading pairs, OKX has a feature that lets users swap one cryptocurrency for another with zero fees and no spreads. Other fees for trading on the spot exchange are 0.08% (maker) and 0.10% (taker) for users with less than 500 OKB tokens. Overall, the low trading fees and progressive financial management products are pros. However, those in the US cannot use OKX.

Read our full OKX review.

Binance Alternative #6 – Huobi

Huobi is a global leader in the cryptocurrency industry that has grown exponentially since being founded in 2013. The exchange services tens of millions of users in more than 195 countries worldwide with over 60 payment methods for converting fiat into crypto. Huobi is an all-in-one financial platform with a variety of products and services for users to buy, trade, swap, store, borrow, earn, stake and sell digital currencies.

For investors who want to buy and sell crypto without trading, Huobi has a fiat-to-crypto onramp that supports 57 fiat currencies, such as USD, EUR, GBP, AUD, CNY, and many others. Each fiat currency can be deposited to Huobi with more than 60 payment options, such as international wires, bank transfers, WeChat, AliPay, and credit/debit cards.

Huobi is ideal for users with a variety of cryptocurrency markets. There is the option to buy and sell on the Spot Exchange, Margin Exchange, Futures Market, Options, and USDT-Swaps with leverage up to 125x. This allows traders to hedge their positions by short-selling Bitcoin or another crypto to balance a portfolio against sudden volatility or downtrends.

A unique feature that Huobi has released is Automated Grid Trading, which uses algorithms to place orders within a defined rectangle or range. At the time of writing, the Grid Trading bot has a back-tested 7-day return on investment of 101.76% APY. In short, Huobi is one of the world-class providers in the cryptocurrency space with similar features to Binance. The con is that citizens in the US can't use Huobi or any of its trading products or services.

Read our full Huobi review.

Binance Alternative #7 – Bitfinex

Bitfinex features an innovative trading experience and a wide selection of markets to trade with excellent liquidity. Bitfinex is also behind the stablecoin Tether (USDT). The coin is backed 1 to 1 with the US Dollar and is a reliable digital currency used by many crypto exchanges, including Bitfinex.

Traders familiar with having access to various markets and coins to trade will not be disappointed with Bitfinex. The platform supports 328 markets and 152 cryptocurrencies on the spot exchange with additional markets such as margin and derivatives trading products.

The long-established exchange has been a go-to destination for serious crypto traders due to its sophisticated trading platform, which was world-class when it was launched. Traders have access to a position calculator and several advanced order types. The available orders include limit, market, stop, stop-limit, trailing stop, Fill or kill (FOK), One-Cancels-the-Other (OCO), and Immediate or Cancel (IOC).

Bitfinex offers different rates for its spot market and derivatives products. The trading fee for crypto-to-crypto trades is 0.1% for makers and 0.2% for takers, which is cheaper than Coinbase, Huobi, and Crypto.com Exchange. Overall, Bitfinex is a well-rounded platform with reasonable liquidity that rounds out our list of viable alternatives to Binance.

Read our full Bitfinex review.

Binance Alternative #8 – MEXC

MEXC is next on our list of Binance alternatives that offer an excellent range of altcoins. At the time of writing, there are 1,600 supported cryptocurrencies that can be traded on its spot or derivatives market. MEXC's rapid growth has seen its trading volume surge on its spot and derivatives platform, with 1.8 billion and 3.8 billion transactions within the last 24 hours, respectively (at the time of writing).

In terms of markets to trade, MEXC is on par when compared to Binance. There is a spot market to buy and sell at live prices or borrow funds to trade with margin. Moreover, the future platform has perpetual contracts settled in USDT and leveraged crypto EFTs to choose from. One aspect that MEXC provides for its users not currently available on Binance is the MEXC Copy-Trading Program. Users can find the most profitable crypto traders and copy their trades. While it isn't the biggest crypto copy-trade platform in the world, it's a great feature to learn from quality crypto traders.

There are no fees when trading spots. This promotion applies to all spot trading pairs on MEXC. As for trading futures, MEXC uses a similar pricing model to Binance based on a maker-and-taker model. The fees are 0.02% and 0.06%, respectively, for makers and takers. Overall, MEXC is a suitable alternative with distinct features that appeal to certain traders.

Read our full MEXC review.

Binance Alternative #9 – PrimeXBT

Founded in 2018, PrimeXBT is a derivatives trading platform with its headquarters in Seychelles. It not only offers cryptocurrency and copy-trading trading capabilities, but also access stock indexes, FX, and commodities markets.

PrimeXBT allows traders to apply leverage of up to 150x on both short and long positions. But for BTC and ETH trading pairs, this goes even higher with a maximum leverage of 200x, which is higher than Binance.

Maker and taker orders on its futures markets start at 0.01% and 0.02%, respectively. Although the fees are comparable to Binance (0.016% and 0.04%), the availability of only 31 trading pairs is limited, meaning that users might opt for Bybit instead.

The ability to trade higher leverages is one of PrimeXBT's strengths and traders have all the tools they need. TradingView charting and all the advanced drawing tools and indicators are provided. Standard order types offered by PrimeXBT include market, limit, stop-loss, and OCO. Furthermore, the platform has the ability to perform one-click and double-click operations, a capability that is uncommon on many exchanges.

Read our full PrimeXBT review.

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