From September 12 2019, users in the United States can no longer trade cryptocurrencies on the Binance exchange.
Binance commands a huge share of the crypto exchange market, boasting nearly 8 million users and counting. The site is so popular, it’s previously had to temporarily halt its acceptance of new users so it could update its infrastructure to accommodate the surge in traffic. Because the site’s visitors continue to increase in number, you may want to have another exchange up your sleeve in case of another temporary ban in new users.
Binance has the following features:
It’s one of the largest cryptocurrency exchanges by market trading volume.
It offers a robust set of trading and charting tools.
It has a wide range of cryptocurrency offerings.
It is a crypto-only exchange (no fiat currency deposits or withdrawals).
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.
Alternatives to Binance
The following exchanges are probably the closest equivalents to Binance you can find.
1 - 5 of 13
An overlooked option
One of the most overlooked options might be Coinbase, which also allows you to buy crypto directly with USD, rather than having to exchange it with another cryptocurrency.
It also offers wallet services and merchant services, so you don’t have to shop for a separate wallet outside of the exchange to hold your cryptocurrency.
Pros:
One of the world’s most popular cryptocurrency exchanges, which means high liquidity
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.
Andrew Munro was the global cryptocurrency editor at Finder, covering all aspects of cryptocurrency and the blockchain. Andrew has a Bachelor of Arts from the University of New South Wales.
Learn about BitFinex cryptocurrency exchange where you can buy and sell 100+ coins and tokens. Discover features, fees and more in Finder’s BitFinex review.
Check out our complete review of Coinbase to see if it’s safe, weigh up pros and cons, compare fees and learn what you can do on it beyond simply buying cryptocurrency.
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