Top Binance Alternatives, Competitors (2024)

FAQs

What is the best alternative to Binance? ›

Coinbase is a U.S.-based exchange designed for beginners with a simple interface and limited transaction types. Binance has a steep learning curve, supports advanced users, and provides international traders with hundreds of currency trading options.

Binance vs Bybit cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while Bybit gathered an overall score of 9.6. If we look at the ease of use, it's clear that in this Binance vs Bybit comparison, Binance has better & smoother user experience than Bybit.

Binance is the leader in platforms that offer a one-stop crypto hub for everything crypto-related. Coinbase is a better platform for users who are simply looking for an easy place to buy and sell crypto, and those with simple trading requirements that don't need a wide range of trading tools.

Binance vs Kucoin cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while Kucoin gathered an overall score of 9.0. If we look at the ease of use, it's clear that in this Binance vs Kucoin comparison, Binance has better & smoother user experience than Kucoin.

By comparing Binance vs Blockchain overall scores, we clearly see that Binance has the higher overall score of 9.4. Blockchain, on the other hand, has scored 6.0 final points.

“Due to the nature of the felonies committed by [former Binance CEO Changpeng] Zhao, the Division has revoked Binance.US's money transmission license.” Oregon was following the example of five states that moved against the exchange after Zhao pleaded guilty to violating Anti-Money Laundering laws.

NEW YORK, March 8 (Reuters) - A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating U.S. securities laws by selling unregistered tokens that lost much of their value.

Is Binance banned in the US? No, but you can't use Binance fully in the US because it uses securities not registered with the Commodity Futures Trading Commission. Binance.com stopped accepting US residents in 2019. Still, US residents can trade on Binance.US, which offers 150+ cryptocurrencies.

Two prominent names in this arena, Binance and Bitget, have garnered attention for their distinct offerings. However, as we navigate the complexities of these platforms, it becomes evident that Binance stands out as a leader, offering a multifaceted and superior trading experience compared to Bitget.

Which is safer Bybit or Binance? ›

Bybit stores the majority of its assets in cold wallets, while Binance utilizes a combination of cold and hot wallets. This difference favors Bybit in terms of security, as cold storage offers enhanced protection against unauthorized access and potential hacking attempts.

Bybit vs Kraken cryptocurrency exchange overall score comparison reveals that Bybit has a higher overall score of 9.6, while Kraken gathered an overall score of 8.3. If we look at the ease of use, it's clear that in this Bybit vs Kraken comparison, Bybit has better & smoother user experience than Kraken.

As of today, we track 216 crypto exchanges with a total 24h trading volume of $86.2 Billion, a 1.62% change in the last 24 hours. Currently, the 3 largest cryptocurrency exchanges are Binance, Bybit, and OKX. Total tracked crypto exchange reserves currently stands at $206 Billion.

Coinbase: Ideal for beginners due to its user-friendly interface and educational materials. Binance: Offers a more comprehensive set of tools and lower fees, making it a solid choice for experienced traders. However, Binance.US, the American version of the exchange, has limited options compared to the global platform.

Faster and cheaper transactions: BNB is faster and cheaper than ETH when it comes to making transactions. This makes it a good choice for dApps that require high throughput and low fees. Strong ecosystem: Binance is one of the largest cryptocurrency exchanges in the world.