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Binance alternatives: 5 exchanges to consider

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

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As of 14 December 2021, Binance Asia Services, the operator of its local affiliate Binance.sg, has withdrawn its application to the Monetary Authority of Singapore (MAS) to operate a regulated cryptocurrency exchange in the city-state and is in the process of winding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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Independent Reserve Exchange
SWIFT, Xfers
SGD, USD, AUD, NZD

10
cryptocurrencies

Instantly deposit SGD via Xfers and buy Bitcoin today. Established in 2013 Independent Reserve is one of APAC’s most trusted exchanges.
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.
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, Wire transfer
USD, SGD, HKD, GBP, EUR, CAD, AUD, COP

95
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

241
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Tokenize Xchange
Tokenize Xchange
Bank transfer, Xfers
SGD

66
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.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme
AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

110
cryptocurrencies

Get 50 USDT when you sign up through Finder, make USD 10k+ trades and deposit USD 500 worth of crypto. T&Cs apply.
Make fast transactions including spot, futures and P2P trading with this cryptocurrency exchange.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

960
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

495
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Kriptomat Cryptocurrency Exchange
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

236
cryptocurrencies

Finder Exclusive: Sign up with code FINDER15 and get EUR 15 when you spend over EUR 100 each month. 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.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

295
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Wirex Cryptocurrency Exchange
Wirex Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card
USD, SGD, AUD, NZD, JPY, HKD, EUR, GBP & 3+ more

9
cryptocurrencies

Get a Welcome Bonus of USD 15 in WXT when you sign up with Wirex through Finder. T&Cs apply.
Spend a range of cryptocurrencies anywhere Visa is accepted with the Wirex Crypto Card and earn rewards.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

283
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
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

3
cryptocurrencies

Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, Apple Pay
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

32
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.
Luno Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID, SEPA
AUD, EUR, GBP, IDR, MYR, NGN, ZAR, SGD, UGX, ZMW

6
cryptocurrencies

A cryptocurrency exchange where you can buy BTC, ETH, BCH & XRP through bank transfer, credit card and more.
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.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

82
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

176
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
Bank transfer, Credit card, Cryptocurrency, Debit card
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.
Liquid Cryptocurrency Exchange & Margin Trading
Bank transfer, SEPA
USD, JPY, EUR, SGD, AUD, HKD

127
cryptocurrencies

Promo: Get 10% off your trading fees. T&Cs apply.
Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
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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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