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Alternative exchanges and sites like Kraken

Find the best exchanges offering low fees, multiple currencies and fiat exchanges.

As more people get a hankering to jump into cryptocurrency, exchanges that allow you turn fiat currencies into digital cash are in high demand.

Founded in 2011 and based in California, Kraken is among the oldest and largest cryptocurrency exchanges to support transactions in dollars, pounds, euro and yen.

To stay ahead of the competition, Kraken’s fees are low but vary by fiat — some flat, some a percentage of your transaction. Other benefits include:

  • The ability to deposit and withdraw money in both fiat and crypto currencies.
  • Advanced tools that facilitate margin trading.
  • Many cryptocurrency trading options, including pairs with five fiat currencies.
  • A dynamic fee structure that applies to both trader and tradee.

Users like Kraken’s simple interface that’s easy enough for both the beginner and advanced crypto trader and 24/7 support, including live chats. Its servers safeguard your personal and financial details in cold storage offline.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
1 - 5 of 14
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
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OFFER
eToro USA LLC Cryptocurrency Trading
Bank transfer, Debit card, PayPal, Wire transfer

6

80

Get $15 when you sign up and buy $100 of crypto. T&Cs apply.
Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

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OFFER
Uphold - Digital Asset Platform
Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay

27

274

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
Terms apply. Cryptoassets are highly volatile. Your capital is at risk.

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Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

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Robinhood Crypto
Bank transfer, Cash, Debit card

1

15

Capital at risk

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Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online banking

6

235

Capital at risk

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Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Where else can I find Kraken features?

Plenty of exchanges offer a wide selection of cryptocurrencies for trade. But Kraken’s pairs include up to five fiat currencies — dollars, pounds, yen and more — which makes combinations and features you might not find with other exchanges.

Where else can I buy cryptocurrency with fiat?

Going by market share, Coinbase is the most popular alternative to Kraken that lets you buy crypto with dollars. An accessible user interface, a mobile app and the ability to connect directly to your bank account make Coinbase a solid option for beginners.

Coinbase pros

  • Easy-to-use platform with no wallet-service fees.
  • Deposit and withdraw fiat currencies directly to your bank account.
  • Safely buy supported cryptocurrencies with a bank transfer or debit card.

Coinbase cons

  • Transaction fees can be high, depending on how you pay.
  • Currently offers bitcoin, Ethereum, Bitcoin Cash and Litecoin only.
  • Verification process can be lengthy — and the company controls your bitcoin.

Get more details and create an account on Coinbase

Another exchange that lets you buy cryptocurrency with fiat is Gemini. While the volume on Gemini is historically lower than other exchanges, it’s a leading digital asset exchange that rewards high-volume traders with discounts and rebates.

Gemini pros

  • Based in New York and one of the few regulated exchanges.
  • Offers advanced trading, including the ability to trade at the same prices regardless of time zone.
  • Deposit and withdraw fiat currency directly to your bank account.

Gemini cons

  • Requires same-day wire transfers for your initial fiat deposit.
  • Currently supports bitcoin and Ethereum only.
  • High security can mean that approval can take several days.

Get more details and create an account on Gemini

Where else can I trade cryptocurrencies on margin?

Margin trading can be risky, but it’s a vital part of a trading strategy for many professional investors. Kraken offers margin trading options on select cryptocurrencies, with available leverage depending on your verification tier and other factors. While many exchanges accessible to US residents don’t offer margin trading options, a few exchanges do.

Poloniex and Coinbase Pro are just two alternatives to Kraken that might be worth checking out.

This exchange offers strong security and advanced trading features to satisfy most any level of trader.
Poloniex pros
  • Offers crypto-to-crypto exchanges on a 100+ coins.
  • Margin trading available at up to 2.5x leverage.
  • Supports lending by trading on margin.
Poloniex cons
  • Does not support fiat currency pairs.
  • Platform isn’t as friendly as other exchanges.
  • Customers report low, poor service.
Part of Coinbase and insured some of the industry’s biggest investors, this digital asset exchange allows for easy deposits and withdrawals under a “maker-taker” model.
Coinbase Pro pros
  • Supports fiat currency pairs.
  • Pffers a professional trading dashboard.
  • No fees on limit orders.
Coinbase Pro cons
  • Margin trading available to eligible investors only.
  • Prices can be higher than you’ll find elsewhere.
  • Past downtime during periods of high volume.

If none of the above exchanges offer what you’re looking for, try narrowing down your prospects by need:


Why you might want to avoid Kraken

  • You don’t want to give out personal information. While collecting personal information is necessary for some exchange to comply with regulations, many people have security concerns or other reasons for preferring not to disclosing their info. To open even a basic on Kraken, you do need to provide your name, date of birth, address, and phone number. An advanced account requires more information.
  • Trading fees. Kraken’s trading fees depend on the size and type of order you are making. In general, every trade incurs some fee, and in some cases these may be up to .75%, which is higher than you would find at many other exchanges.
  • You’re looking for an obscure altcoin. Kraken does offer fiat/crypto pairing for several pairs that you might have a hard time finding at other exchanges. That being said, it doesn’t offer a huge selection of cryptocurrencies. If you’re looking for an up and coming altcoin, you might have better luck elsewhere.

Bottom line

Kraken is a solid exchange with a good selection of crypto/fiat pairs. It offers margin trading, advanced order types, and a high level of security. Fees can be average or higher than average, depending on the size and type of trade you make. While some of the more advanced features may not be suitable for beginners, Kraken is more user-friendly than a number of comparable exchanges.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

Capital at risk

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Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

Capital at risk

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KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Capital at risk

View details
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

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Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Capital at risk

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Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

Capital at risk

View details
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

Capital at risk

View details
Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

Capital at risk

View details
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

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Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

79

Capital at risk

View details
Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

16

Capital at risk

View details
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

141

Capital at risk

View details
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

318

Capital at risk

View details
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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

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