Top 10 best Binance alternatives in 2023

By | April 19, 2023

Binance is the world’s largest trading  exchange by trading volume , so why even consider binance alternatives? There are three important reasons why you would want to look at other cryptocurrency exchanges.

  1. Diversity: The first advice from any top cryptocurrency investor is to diversify your crypto holdings in multiple cryptocurrency exchanges. This lowers the chances of you loosing your entire crypto portfolio if an exchange gets hacked or banned. 
  2. Worldwide registration: Not all crypto exchanges are accessible worldwide , not even Binance that is banned from USA since September 2019.
  3. Centralized: In order to be compliant with local laws most exchanges are registered as centralized , this enables them to close registrations or shut down without any notice.

I myself am a big advocate for Binance exchange but as a smart investor it is always good to keep several options open. On that note,I have compiled this list of the best Binance alternatives where you can trade cryptos with ease.

Binance Alternatives (Quick look)

Binance AlternativesTrading Fee(Maker/Taker)Ratings
FTX Exchange0.025% + 0.075%4.8/5
Coinbase Pro0.04%-0.50%/ 0.00%-0.50%4.2/5
Huobi 0.2%4/5

Note: To compile this list I have compared each alternative’s features like trading fees, worldwide availability, list of token and more with Binance’s trading platform. These aspects are subject to change , so i will to my best to keep this list updated with the latest developments. 

Now without further adieu, let’s get into it

Top 7 best alternatives to Binance Exchange (In-depth comparison)

1. FTX Exchange

Headquartered in Hong Kong, FTX Exchange was launched by FTX Trading Ltd in 2019. It has a simple motto, “By the traders for the Traders.” Within a couple of years the exchange has taken the crypto industry by storm and is currently the 4th largest crypto exchange behind Binance, Houbi, and OKEX.

After analysing FTX Exchange i noticed that users prefer this trading platform because it offers profitable opportunatives in the derivative and spot crypto market.

Moreover, FTX Exchange is backed by an illustrious team combined of top experts from the crypto and trading sector. Here is the lineup of the FTX team that includes Wall Street quant funds and tech companies: Jane Street, Optiver, Susquehanna, Facebook, and Google. 

What I really like about FTX Exchange is that it is operated by a team of highly experienced crypto and trading industry experts. Looking at the progress made by Zhao Changpeng with Binance it shows that an expereinced team can be key to running a successful crypto exchange.


  • Users can perform Spot Trading, Futures Trading, Margin Trading, ETF Trading, Staking, Leveraged Tokens Trading on the go
  • Access to Tokenised Equity Stocks, Prediction Markets, OTC Transactions


  • N/a

2. Coinbase Pro

The next alternative I would select as a Binance replacement is Coinbase Pro. This order book marketplace for cryptocurrencies was originally called GDAX and later renamed after it was acquired by Coinbase.

Runned by Coinbase, GDAX has rapidly grown into a top 10 cryptocurrency exchange mainly because of its trading volume and fiat trades.  

On GDAX users can browse charts, view orders placed by wallets, and can buy or sell crypto at the market price.

Coinbase is registering new wallets of users from Europe, US, Australia, UK, Canada, and Singapore. I would recommend this Coinbase review for an in depth analysis cryptocurrency exchange.


  • Available in the US
  • Many cryptocurrency trading pairs
  • Requires verification details to get started


  • Relatively higher trading fees

3. Kraken

Kraken has its headquarters in USA and is registered as a Money Services Business (MSB) with

Kraken is one of the best exchanges to trade cryptocurrency, however as a Binance alternative I would only recommend this for US citizens. For non-US citizens, I reckon you check out the other exchanges mentioned in this list. 

Kraken is among the top 50 crypto exchanges of the world in terms of volume, but it does not bolster a big list of altcoins. While no doubt, Kraken has tremendous potential it is still years behind its competition. This Kraken review will give you a better analysis of the platform’s history and future plans.

4. BitMax

If you are a US-based crypto trader then the best alternative to Binance for you is BitMax. Loaded with features like Margin trading and Spot Trading, BitMax is just as good as Binance.

 BitMax also has a native token called BTMX which has utility and looks like a profitable investment instrument just like BNB.  Users are rewarded for mining BitMax. The crypto exchange also has a native token BTMX which in my opinion is a good long-term investment.

To sum it up, BitMax offers all the features that you will find in Binance exchange including a mobile app to trade crypto on the go.

5. KuCoin

Kucoin Exchange

KuCoin is known for providing one of the most elegant crypto trading experiences. Ranked as the 6th best cryptocurrency exchange Kucoin is loaded with over 457 trading pairs.

Just like Binance has its own token BNB, Kucoin launched its own native currency, KCS (KuCoin Shares). Both currencies, however, serve different purposes.

Holders of the crypto-to-crypto-only exchange coin are rewarded for holding KCS tokens, additionally, they are also eligible to claim daily KuCoin bonus, i.e 50% of the trading fees of the KuCoin exchange.

Kucoin Users can manage their crypto portfolio on the go by using its mobile app that is available for iOS and Android devices.

6. Huobi Pro

Huobi Pro exchange

Huobi Pro was originally launched as an international cryptocurrency exchange in China and to maintain its availability worldwide the exchange is now headquartered out of Singapore. Huobi Pro is one of the direct competitors to Binance exchange as it is ranked as the world’s 3rd largest cryptocurrency exchange as per  CoinMarketCap. 

With over 258 cryptocurrency pairs listed on this exchange, I would not panic about any liquidity problems at least for the next decade. It has one of the lowest trading fees for any crypto exchange. Huobi Pro also lets users trade crypto on the go via its mobile app. 


  • 3rd largest cryptocurrency exchange by trading volume
  • Low trading fees
  • Available worldwide


  • N/a

Check out this Huobi Pro review to get deeper insights about the cryptocurrency exchange.

7. Bibox

Bibox Exchange

While compiling a Bibox review I learned that its business model resembles that on Binance except for a few technical know-hows. Binance is known for temporarily shutting new registrations in the past, and in the crypto market, you cannot afford any delays, that’s where I would recommend Bibox as a worthy Binance alternative.

Bibox is similar to Binance as it has its own token BIX that can be used to pay trading fees and get additional discounts. This AI-enhanced, encrypted digital exchange is open for registration globally except in the following countries:  China mainland, Hong Kong, Taiwan, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Malaysia, the United States, Guam, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Kazakhstan

Users can trade on Bibox directly through the website or on its mobile app available on the App Store and Google Play Store. 

8. Exchange

The mobile app is one of the best alternatives to Binance app if you wish to trade cryptocurrencies on the move. Just like Binance this exchange has spot trading, margin trading, and P2P.

As per Coinmarketcap, is one of the top 15 exchanges by volume where users can trade more than 305 cryptocurrency pairs. The mobile app can deposit or withdraw funds within minutes. It is also efficient for trading pairs like USDT market, BTC Market, QTUM market, and ETH market. 

Also read: A complete review for beginners and experts


  • Fast mobile app for trading
  • Includes all the top crypto trading pairs
  • Requires KYC details for improved security


  • Does not include Fiat trading

9. Bittrex

For US-based users who are looking for a cryptocurrency exchange like Binance I highly recommend checking Bittrex. Launched back in 2013 this US-based cryptocurrency exchange is based in Seattle, Washington. Many renowned crypto experts trust Bittrex with the safety of their funds as the exchange maintains compliance with all the latest US crypto laws and vows to remain well-regulated.

This exchange supports USDT/TUSD like stablecoins including USD with well over 285 cryptocurrency pairs being listed against other currencies on the platform. Bittrex finds itself among the top 50 cryptocurrency exchanges of the world. It has a trading volume of $ 598.54 million which makes me confident that the exchange is here to stay for a long while. 

Check out the complete review on Bittrex to learn more about how to register an account and start trading, its latest trading fees, how to withdraw funds, and more before deciding to trade on Bittrex.

10. Bitfinex

BitFinex Exchange

Bitfinex is one of the first cryptocurrency exchanges that introduced safe crypto trading worldwide. Currently, based out of Hong Kong, the platform is successfully running since 2012. Bitfinex is a good alternative to Binance exchange particularly in terms of USD volume for BTC along with allowing trading of fiat as well as cryptocurrency pairs

Users can trade on Bitfinex through its website or via its mobile app that is available for free on Google Play Store and the App Store. If you wish to learn more about the trading platform, you can check out my in-depth Bitfinex review.

Bitfinex is available all over the world baring these countries Iran, Syria, Iraq, Vanuatu, Uganda, Yemen, United States, Bosnia, Herzegovina, Democratic People’s Republic of Korea (North Korea), and Ethiopia.


  • One of the safest platform for trading cryptocurrency
  • Can trade both fiat and crypto
  • All wallets are secured and verified by KYC details


  • To start trading a user has to deposit crypto of fiat currency equivalent to the minimum sum of $10000
  • Just like Binance even Bitfinex is banned for trading in USA


While I still remain an admirer of Binance, it is true that even the best cryptocurrency exchange of the world has its limitations. So I handpicked these Binance alternatives which will help you get started with your cryptocurrency investment. 

I will continue to look for better trading exchanges than Binance and update this list accordingly in the meantime comment below and let me know if you found this list helpful.

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