5 Binance Alternatives & Best Crypto Trading Platforms
In order to trade profitably and with ease, it’s important that you have the right tools in your arsenal.
One of those crucial pieces is the right Crypto Broker Platform- but which one? In our blog post about “5 Binance alternatives and 5 Best Crypto Platforms” we review five different models so that Crypto Investors/traders like yourself can find their perfect match!
Crypto.com
The World Fastest Ever growing Crypto App Exchange and the best Binance Alternative available on the market.
Coinbase
The second best Binance Alternative Crypto Exchange is Coinbase. The friendliest Crypto platform for beginners.
Kraken
A real Exchange, same as crypto.com. Not as easy to use but offers a wide range of Crypto coins.
Gemini
suitable for cryptocurrency traders of any experience level. The platform is jam-packed with several features. Gemini is based in NYC and is fully compliant with all US regulations.
Bybit
Bybit is suitable for anyone that cares about privacy. No KYC means you don’t have to disclose your name and you don’t have to submit any ID verification to join this exchange. Its mobile and desktop platforms are perfect for Cryptotraders.
You must create an account with a cryptocurrency exchange if you want to purchase cryptocurrency. Many people are familiar with Binance, therefore I put up a list of the top 5 alternatives.
There are around 500 instances to pick from, and I’m advising you to consider 5 of the greatest market leaders to identify the top cryptocurrency exchanges for both novice and seasoned investors.
Maybe you cannot use Binance because you live in the US, maybe you don’t like the interface or may be you are looking for a crypto exchange without KYC.
I have listed below 5 Best Alternatives to Binance, some may or may not be available to US customers and some still require to complete KYC, however these are the 5 best alternatives available to the market right now.
Continue reading to find out more about the top cryptocurrency exchanges, how they operate, and which one you ought to choose.
Let’s get started.
What are the best 5 Crypto Exchanges right now?
These are the best crypto exchanges and 5 best alternatives to Binance in 2022.
1. Crypto.com.
Best Overall Crypto Platform
Thomas’ Take
Due to its several levels of defense against cryptocurrency fraud and online threats, we determined that Crypto.com is the best cryptocurrency exchange and best Binance alternative for security.
Crypto.com is a leader when it comes to cybersecurity and proper exchange security, ranking first on the Cybersecurity Ranking’s top 100 exchanges list by rating their performance in terms of cyber protection measures they implement into each transaction made through them
In order not just have good marketing but also maintain an ROI that will make you money.
Crypto.com is a leader in the cryptocurrency world, with its services focusing on security and safety for users’ funds that are stored online or offline depending upon their preference (i.e., cold). The company has implemented multiple layers of protection including using regular software peer reviews as well at least one factor identified by password biometrics email phone number validation options – all designed make sure your crypto stays safe.
PROS:
- Huge Number of Crypto coins available
- Added Extra Security
- Offers a Debit Card to spend your coins
- Easy to use Mobile App
- Pays weekly interests on your Crypto holdings
CONS
- No desktop support, Only App Based
- Crypto Support is of slow at responding queries
Crypto.com is my favorite platform and what I personally use for my Crypto investments.
Our second option as one of the best Crypto Exchanges as well as Binance Alternatives is:
2. Coinbase.
Best Crypto Exchange for Beginners
Thomas’ Take
Coinbase is our second best option Binance Alternative as a Crypto Exchange.
It’s a popular cryptocurrency exchange because it allows you to invest with USD/EURO/GBP and several other FIAT Currency options. You can currently purchase Bitcoin, Ethereum and Litecoin on the platform as well 50+ other coins or tokens. Furthermore there’s interest for your money too – in addition completing various activities will give rewards which roughly translate into cash back payments from Coinbase itself (not sure if this includes all their offerings).
Sign up for Coinbase with our link and get $10 in bitcoin when you trade 100 dollars!
PROS
- Interface super easy to use
- 50+ Tokens to select from
- Very High Level of Security
- One of the oldest exchanges
CONS
- Higher fees than usual
- Very invasive with their KYC process
3. Kraken.
Wide Range of Crypto Coins available
Thomas’ Take
Kraken is the original crypto trading platform that allows you to trade many different coins and tokens. You can also margin trade on this site, which means it has high liquidity for traders looking at increasing their investment portfolio with minimal risks.
If you’re looking for a way to diversify your crypto portfolio, then Kraken might be worth checking out. This platform allows traders of all levels and trading styles in addition with the popular DOGE pairings as well.
PROS
- High Level of Trust and Security
- One of the oldest crypto exchanges
- Easy interface
- Plenty of coins to trade and buy
CONS
- Some report slow customer service support
4. Gemini.
One of the Largest Exchanges
Thomas’ Take
Gemini is a popular and well-established platform to invest in crypto as it was one of the first major exchanges. Today, this brilliant minds at Gemini continue on with their mission by being both reliable & professional – ensuring customers always receive top notch service.
Gemini is one of the few exchanges that supports multiple cryptocurrencies and has reasonable rates for those who qualify.
Never before has there been a better time to get in on the action. Open up an account with just $100 and you’ll automatically be eligible for our 10 dollar bitcoin bonus when trading more than that amount, so what are you waiting for? It’s never too late.
PROS
- High Level of Trust and Security
- One of the largest Crypto Exchange
- Easy interface
- Plenty of coins to trade and buy
CONS
- Limited Payment Methods available
- Support a bit slow at responding queries
5. ByBit.
The Best Crypto Trading Platform for privacy.
Thomas’ Take
ByBit is a leading cryptocurrency exchange that supports hundreds of cryptocurrencies.
ByBit offers traders an extensive variety in trading pairs and special coin categories, including: – Altcoins ( alternative digital currencies); CPU credits( crypto-based on Bitcoin) ; . In addition to traditional inflows from forks , exchanges provide new coins every week through their decentralized community driven project “Forkd Crowfunding”
ByBit is a cryptocurrency exchange that’s geared towards both new and experienced traders. The advanced features, low fees and wide range of coins make it an attractive place for high-END users who want more than just pure trading functionality – they need tools like margin lending or signals about when the price might go up next.
The most important factor why I personally use ByBit is their complete lack of KYC identification (unless you want to deposit funds by Bank transfer or credit card). This not only guarantees high levels of privacy when trading online but also allows every citizen of any country in the world to partecipate in Crypto trading and investing.
PROS
- Low Fees and Easy Platform
- Earn interests on your Crypto
- Great Customer Service
- No KYC
- Very Easy platform and mobile app
- Plenty of coins to trade and buy
CONS
- Limited Payment Methods available
So, What is the Best Crypto Exchange and Binance Alternative?
Some of the top Crypto exchanges to consider include ByBit, Crypto.com, Coinbase and Kraken.
Crypto.com is a popular choice for most traders due its low fees combined with an intuitive interface that allows users access quickly into either trading pairs or buying cryptocurrencies directly through fiat currencies such as USD/JPY without any additional conversion costs – all at once!
Coinbase offers fantastic features including everything from tuition assistance programs (if you’re learning how get started), high levels security measures like 2 factor authentication where everyone has different codes which they enter before making transactions possible.
Crypto.com has been a stable exchange for years, and their excellent customer service makes them one of the most trustworthy companies in this industry
How To Invest In Bitcoin
The first step towards investing in bitcoin is understanding how it works. The cryptocurrency has been around for a relatively short time (10 years), but there are already many people who have made fortunes by trading , Holding or mining the digital currency – so much that they’re not likely going away any time soon. You might be wondering what all this fuss about? Here we’ll go over some basics of Bitcoin and why you should care too
- Open a brokerage account at an online trading platform that allows for the purchase of stocks linked to cryptocurrencies such as Bitcoin and Ethereum in addition to traditional fiat currencies like U.S Dollars or Japanese Yen
- Deposit funds from your bank into this new crypto-firm’ brokerages
- Buy some Bitcoins, Litecoins etc
- Later trade these digital Currencies back onto their original parent coin discipline (i e BTC/LTC)
- The gains incurred during step three can then be sold for a further profit
Conclusion
Investing in bitcoin isn’t much different from investing any other kind of stock or precious metals. You need to open an account with a crypto exchange, just as you would if trading stocks were your goal – but there’s one major exception: When buying bitcoins (or altcoins), instead of putting money under someone else’s dentition by depositing it into their brokerage firm, you actually own the coins and no one else does, which is the greatest thing that could happen in modern history: Private Property at its finest.
