I know you are looking for a Binance alternative and I am glad that you have found the correct page !!
But before I tell you the similar sites like Binance, I would like to state a case.
Everyone has their favorite cryptocurrency exchange, so does I.
But in the cryptosphere, you cannot only rely on your likes and dislikes. I know many of you, just like me are a fan of Binance but there are consequences for your choices
Depending just upon one exchange can be fatal. The news of crypto and bitcoin exchanges getting hacked is not new, so it does make sense in diversifying your exchanges just like your crypto-portfolio.
Moreover, Binance has closed doors for its US customers, and thus the hunt for the next Binance like exchange is intensifying. So help you out I have made this exhaustive list of Binance alternatives which shall serve your need:
Top Alternatives To Binance Exchange In 2020
Looking for an alternate exchange of Binance? Here is the list of some the best exchanges which we think are good binance alternative:
BitMax is a reliable alternative to Binance.
If you are a US resident, you would know that Binance.com isn’t available as for US users from now. Hence it makes sense in moving your account to BitMax if you are US user.
For non-US users also BitMax is an attractive Binance alternative because, in look and feel, BitMax resembles Binance exchange a lot.
To get started on BitMax, you need your email ID. For higher limits need to complete a basic KYC which is pretty much standard for every crypto exchange nowadays.
In terms of liquidity, BitMax consistently has a volume of more than 10000 BTCs so exchanging various currencies shouldn’t be a problem for you.
Lastly, in terms of transaction/trading fees, BitMax offers meager and competitive rates. They are even smaller than Binance exchange along with the facility to trade on the go by using BitMax’s mobile app.
So on an all, BitMax is an excellent option to have your account on apart from Binance exchange to trade 150+ cryptocurrencies from around the globe.
Looking for Exchange like Binance to Swap your Crypto to other Currencies? Then you can’t go wrong with CoinSwitch.
CoinSwitch is operating in this space since 2017 and is based out of Bangalore, India.
CoinSwitch is one of the biggest aggregators of cryptocurrency exchanges providing you the most liquidity at all times. At the time of writing, CoinSwitch supports 400+ cryptocurrencies.
If you are someone who doesn’t wish to do a KYC and wants to exchange one currency to another without the hassle of going to an order book exchange, CoinSwitch is for you.
Cex.io is one of my favorite Binance alternatives, and I have been using Cex.io for quite some time.
For sure, the liquidity is a bit on the lower side, but you will find all the popular cryptocurrencies here to satisfy your trading needs.
As of now, Cex.io supports 50+ cryptocurrencies on its trading platform for nearly residents of all the countries around the world. Also, if you wish to buy popular cryptocurrencies using your credit/debit cards, Cex.io provides one of the best services for that too.
Using Cex is pretty easy, you need your email ID, and you can start right away to trade crypto to crypto. But if you wish to deal in fiat currencies, you will be required to complete a KYC.
Cex also has its mobile apps for Android & iOS users helping users trade cryptocurrencies on the go as one would do on Binance. That’s why Cex is a reliable alternative to Binance USA and non-USA users.
Binance.je is a decent alternative to Binance.com for UK or Europe users to trade popular cryptocurrencies like BTC, ETH, LTC, BNB, BCH, etc.,
Binance.je is, of course, a sister exchange to Binance.com but it is altogether a different entity based out of Jersey. Binance.je (Binance Jersey exchange) is a leading sister exchange of Binance.com launched and registered in Jersey Island, a part of the British Isles. Recently we did an in-depth review of Binance.je exchange service.
Binance.je offers a stable and safe fiat-to-crypto trading platform built on the same technology developed by Binance. Thus enabling Europe & UK residents to buy/sell Bitcoin & Ethereum for fiat currencies like GBP and EUR.
BitPanda is another exchange similar to Binance for the UK or Europe resident which is operating in this space since 2015
Bitpanda always has sufficient liquidity, and as of now, it supports more than 30 cryptocurrencies along with the support of fiat currencies.
Its order book style UI is still under build, but the old UI is capable enough to help you exchange one crypto another crypto at decent rates.
It gets better:
Singing-up at Bitpanda is easy, and you can use your email to get started to go on to complete your KYC. KYC is mandatory when dealing in cryptocurrencies with fiat currencies.
Lastly, Bitpanda has several payment options from which you can freely choose between SOFORT-Transfer, Visa / MasterCard, NETELLER, Skrill, GIROPAY / EPS, Amazon.de Voucher, Euro Wallet, and Bank Transfer.
Exmo is another good alternative to Binance exchange and garnered decent traction since its early days of establishment in 2013.
The exchange is based out of London, the UK, and serves customers from 100 plus countries except for China, Middle East Countries & North Korea.
At the time of writing, Exmo supports 150+ cryptocurrency trading pairs with decent liquidity of 2000+ BTC. Moreover, Exmo also supports trading of fiat to crypto and vice-versa, which you don’t find on Binance.
This is an added advantage, but for fiat transactions, you need to complete KYC, but for crypto-to-crypto purchases, there are no such requirements.
Lastly, the trading fee is also on a lower side, and you can get up to 70% of your trading fee back; amazing, isn’t it !!
If you want a peer to peer marketplace and also an alternative to Binance exchange, you might want to look into LocalCoinSwap.
LocalCoinSwap is based out of Hong Kong and is operating in this space since 2017. LocalCoinSwap connects you to on-ground people in various countries where you can meet them personally to exchange cryptocurrencies.
It is like LocalBitcoins but for more than just Bitcoin. As of now, LocalCoinSwap supports 20+ cryptocurrencies, including BTC, ETH, DASH, XMR, USDT, etc.
The KYC is optional, and there are 250+ payment methods if you don’t want to meet anyone in-person and still trade cryptocurrencies.
Just lookout for a suitable seller’s advertisement, initiate the trade, then pay the seller as per the mentioned terms and conditions.
Once the seller confirms your payment or you show the receipt of payment to the seller, LocalCoinSwap will deposit the Bitcoin in your account
Isn’t it simple !!
Binance Alternatives In USA
Most crypto users ask: Is Binance legal in the US?
Well, the short answer is NO. Binance.com isn’t legal in the US, and recently they have shut their operations for US customers. But at the same time, they have opened a new entity named Binance.US for US customers.
Still quite a few fear that Binance might get shut down in the US and that’s why many users seek a Binance alternative. However, we have tried to do that same and have listed some of the best Binance alternatives that you can use right now.
But in any case, never use these exchanges to keep your cryptocurrencies because they are not safe for that purpose. Instead, always use the best non-custodial cryptocurrency wallets to store your cryptos for the long term securely.
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.