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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.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro USA LLC Cryptocurrency Trading
Wire transfer, Online banking
USD

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Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Robinhood Cryptocurrency Exchange
Bank transfer, Cash, Debit card
USD

17
cryptocurrencies

Trade a handful of leading cryptocurrencies with this easy to use mobile app.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

50
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

40
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

67
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Webull Cryptocurrency Exchange
Bank transfer (ACH), Wire transfer
EUR, GBP, USD, CHF, JPY, CAD, HKD, INR, CNY, AUD

5
cryptocurrencies

Trade a handful of leading cryptocurrencies on this mobile app with as little as $1 per trade, plus access to stocks and ETFs.
FTX.US Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Wire transfer
USD, AUD, EUR, CAD, GBP, SGD

19
cryptocurrencies

Enjoy the local version of the FTX exchange which offers a range of leading cryptocurrencies, up to 10x leverage, access to global liquidity and benefits for FTT token holders.
KuCoin Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, PayPal, Wire transfer, Credit or Debit Card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

211
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Debit card, SWIFT, SEPA
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
Paxful P2P Cryptocurrency Marketplace
Bank transfer, Cash, Cryptocurrency, PayPal, Credit or Debit Card, Payoneer
DZD, XCD, ARS, AMD, AWG, AUD, AZN, BSD, BHD, BDT & 140+ more

2
cryptocurrencies

Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
CoinSwitch Cryptocurrency Exchange
Credit card
USD, JPY, RUB, EUR

386
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Revolut Cryptocurrency App
Revolut Cryptocurrency App
Bank transfer (ACH), Bank transfer (SEPA), SWIFT, Credit or Debit Card
USD, EUR, GBP, CAD, NZD, JPY, HKD, NOK, DKK & 9 more

21
cryptocurrencies

Buy and sell several popular cryptocurrencies through your Revolut account, set up recurring purchases and transfer it to other US users. You can’t transfer cryptocurrency to anyone who does not have an active Revolut account. Service not available in Tennessee.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
USD

49
cryptocurrencies

Get a US$15 bonus when you trade US$100 or more of any supported crypto. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
ZenGo Cryptocurrency App
ZenGo Cryptocurrency App
Bank transfer (ACH)
USD

48
cryptocurrencies

Take advantage of ZenGo's unique self-custody system to buy, sell and spend and earn cryptocurrency in your own wallet.
SatoshiTango Cryptocurrency Exchange
SatoshiTango Cryptocurrency Exchange
Bank transfer, Cash, Cryptocurrency, Bank transfer (SEPA)
ARS, USD, EUR

5
cryptocurrencies

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Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

58
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Bitstamp Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Credit or Debit Card, SEPA, Faster Payments (FPS)
USD, EUR

5
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa
-

50
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Gate.io Cryptocurrency Exchange
Cryptocurrency
-

37
cryptocurrencies

CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

eToro Cryptocurrency Trading & CFDs
Bank transfer, Credit card, Debit card, Neteller, PayPal, Online banking, Skrill
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

19
cryptocurrencies

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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.

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