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Binance alternatives: 5 exchanges to consider

Find the best alternatives to Binance for beginners, altcoin selection and more.

Kraken Cryptocurrency Exchange

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Binance is one of the most popular cryptocurrency exchanges in the world, with nearly $3 million more transactions per day than its closest competitor. It offers a large range of features that suit both beginners and experienced traders. Users can stake their tokens for yield, invest in NFTs or trade futures. The platform also boasts an impressive range of altcoins that can be purchased.

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.

Binance regulatory status in Singapore

Binance has come under fire in 2021 for regulatory issues, being banned in a number of places including Singapore and the UK.

As of 14 December 2021, Binance Asia Services, the operator of its local affiliate Binance.sg, has withdrawn its application to the Monetary Authority of Singapore (MAS) to operate a regulated cryptocurrency exchange in the city-state and is in the process of winding down its operations.

Binance.sg will officially pull out of Singapore on 13 February 2022.

So when searching for an alternative, consider what your goals are. Do you simply want to buy and sell Bitcoin? Do you want to earn interest on your current assets? Or would you like to trade derivatives?

The answer to these questions will largely dictate the platform you ultimately choose.

Binance alternatives

KuCoin

KuCoin is a well-known cryptocurrency exchange that is actually based in Singapore.KuCoin supports the purchase, sale and trading of a huge number of coins – over 460 at the time of writing, which is even more than Binance.

In terms of user interface and functionality, KuCoin is probably as close to Binance as you can get. The platform offers all the features both novice and experienced users could want, including derivatives trading, liquidity pools, lending services and the ability to buy crypto directly with SGD.

KuCoin also has regular competitions and giveaways that its users can participate in to have a chance at earning additional revenue. The platform even has its own native token, KCS, which can be used to engage with the decentralised finance ecosystem.

Gemini

Gemini is a New York-based cryptocurrency exchange that is available in over 50 countries. Being around since 2014, Gemini has a strong clientele and is trusted among the crypto community.Gemini has a very sleek user interface that is easy for beginners to wrap their heads around. The platform also offers advanced features, including a trading hub, a native wallet and a stablecoin that is pegged to the US Dollar.

Furthermore, Gemini Earn is available to Singaporean citizens, which lets users earn up to 8.05% APY interest on their assets.

For small transactions, Gemini’s fees are high compared to their competitors, ranging from 10% to 1.5% depending on the volume.

Users can minimise fees by using the active trader platform, but this has a relatively steep learning curve, making Gemini not ideal for beginners looking to avoid high fees.

Gate.io

Gate.io is one of China’s oldest cryptocurrency exchanges and hosts the highest number of available coins compared to most popular platforms, with over 920.

Many of the coins you can buy and sell on the platform aren’t available on any other centralised exchange and have to be purchased using another cryptocurrency. This may be an inconvenient process for beginners, and the conversion fees can easily add up.

The appeal of using this exchange as an alternative to Binance is obvious – if you want access to a broad range of altcoins from a trusted exchange, Gate.io might be an option to consider.

Kraken

Kraken is another exchange with a well-established user base and safety profile. Their dealings, governance structures and security measures are all arguably more transparent than Binance’s. This makes it an appealing destination for those that prioritise the protection of their assets.Kraken does have a much lower number of cryptocurrencies for trading than Binance, and also slightly higher fees. That said, most popular coins are still available for purchase.

The platform also supports advanced features such as staking and margin trading. There is also a comprehensive mobile application that lets users buy and sell crypto on the go, much like Binance.

Coinbase

Coinbase is one of the most popular crypto exchanges based on daily volume and is a highly reputable platform.Admittedly, Coinbase has a slimmer selection of cryptocurrencies compared to Binance, but most of the well-known coins are available. This includes Bitcoin, Ethereum, Cardano, Dogecoin and over 50 more.

Those looking for a simple, safe broker to buy and swap cryptocurrencies will like Coinbase’s insurance guarantee against loss and theft.

Coinbase only has a $2 minimum trade limit, although the variable fees are higher than Binance.

Users can also stake certain tokens via the Coinbase platform, although the actual transaction is processed by a third-party network.

Ultimately, Coinbase lacks a large number of the features that Binance does, especially when it comes to trading options. However, many people use Binance not for its advanced functions, but for its well-recognised safety profile, simplicity and brand recognition.

Furthermore, those that desire the advanced trading features of Binance can use Coinbase’s sister exchange – Coinbase Pro. This platform comes with the ability to place stop and limit orders, as well as crypto-to-crypto trading pairs.

How to switch exchanges

If you find yourself wanting to move from one exchange to another, the process is usually simple. The vast majority of platforms will come with a built-in wallet where you can store your cryptocurrency assets.

Let’s say you wanted to move from Binance to Coinbase. All you would have to do is create a wallet on the Coinbase platform and copy the provided wallet address.

Then, you would paste this address in Binance wallet’s ‘send’ field and complete the transaction.

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Within a few minutes, your cryptocurrency should appear in your desired exchange’s wallet.

Another option is to withdraw your cryptocurrency into a third-party wallet instead of keeping it on an exchange. This makes it much easier to move between different exchanges and puts the control of your finances entirely in your own hands.

Certain third-party wallets also allow for in-app staking and trading.

Compare cryptocurrency exchanges

The following exchanges are probably the closest equivalents to Binance you can find.

1 - 20 of 24
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kraken Cryptocurrency Exchange
Bank transfer, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card, ACH online banking, Digital Wallet purchases
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

217
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
Independent Reserve Exchange
Cryptocurrency, SWIFT, FAST Transfer
SGD, USD, AUD, NZD

19
cryptocurrencies

First licensed crypto exchanged in Singapore. Instantly deposit SGD via FAST and buy bitcoin today. Established in 2013, Independent Reserve is one of Singapore's most trusted exchanges.
Tokenize Xchange
Bank transfer, Xfers
SGD

89
cryptocurrencies

FINDER EXCLUSIVE: Get 2 TKX when you sign up and deposit a minimum of 500 SGD. T&Cs apply.
Trade 70+ cryptocurrencies with SGD and earn interest by staking coins on this robust platform.
KuCoin Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayPal, Debit/credit cards, Zelle
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

747
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

156
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Okcoin Cryptocurrency Exchange
Okcoin Cryptocurrency Exchange
Bank transfer (ACH), Epay, Credit or Debit Card, SEPA, Prime X
USD, EUR, SGD

104
cryptocurrencies

Get $50 worth of BTC when you buy $3000 or more in crypto.
Buy, sell and earn cryptocurrency with this user-friendly exchange and smartphone app.
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, Skrill
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

332
cryptocurrencies

Finder Exclusive: Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR

339
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Paybis Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Neteller, Skrill, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

404
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SEPA, Faster Payments (FPS), SWIFT
USD, EUR, GBP, RUB

145
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.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

214
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Coinmama Cryptocurrency Marketplace
Fedwire, SEPA, Google Pay, SWIFT, Bank card
USD, EUR, AUD, CAD, GBP, JPY

18
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

242
cryptocurrencies

Use the Uphold app to trade between 200+ cryptos and other assets in a single click.
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
USD, SGD, HKD, GBP, EUR, CAD, AUD, COP

106
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Execute multiple trade types with no fees on cryptocurrency and wire transfer deposits on this exchange.
Paxful P2P Cryptocurrency Marketplace
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

4
cryptocurrencies

Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Zipmex Cryptocurrency Exchange
Bank transfer, Cryptocurrency
USD, SGD

21
cryptocurrencies

Buy and sell 20+ cryptocurrencies and earn interest on your holdings with this Singapore-based exchange.
eToroX Cryptocurrency Exchange
eToroX Cryptocurrency Exchange
Cryptocurrency
CADX, AUDX, EURX, NZDX, GBPX, CHFX

36
cryptocurrencies

Trade cryptocurrency to cryptocurrency on eToroX, an exchange arm of the popular eToro trading platform.
Huobi Cryptocurrency Exchange
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, Wire transfer, SWIFT
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD, RUB

597
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

197
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Bitstamp Cryptocurrency Exchange
Bitstamp Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Credit or Debit Card, SEPA, Faster Payments (FPS)
USD, EUR, GBP

76
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
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Compare up to 4 providers

If none of the above has what you’re looking for, you might want to start looking in one of the places below.

Disclaimer: 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.

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