Similar Software to Binance: 13 best alternatives for 2023

Binance is a digital asset exchange where you can buy, sell or store any digital asset — Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. Binance isn’t just a place to trade, it is also an ecosystem where users can share their knowledge and experience regarding digital assets and blockchain technology. Binance offers an advanced user experience for crypto traders that focuses on liquidity, security and ease-of-use. The exchange can be accessed through desktop applications via Binance mobile apps for iOS and for Android. Changpeng "CZ" Zhanfei founded the exchange in July 2014 following the launch of Bancor, an Ethereum-based smart contract platform. Binance allows you to trade between various cryptocurrencies (including Bitcoin, Ethereum and Litecoin) but also other coins such as Iota, Monero, Qtum and many others. You can also buy and sell these coins with Bitcoin. Binance isn’t just a place to trade, it is also an ecosystem where users can share their knowledge and experience regarding digital assets and blockchain technology.

1. Kraken

Founded by Jesse Powell in July 2011, Kraken is a cryptocurrency exchange that provides spot and futures trading between digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and others. The goal of the company is to speed up the spread of cryptocurrency. With that, people across the world will not be left behind and will achieve financial freedom. It has professional charting tools for advanced traders to take advantage of. It also includes advanced trading tools and order systems such as leverage and margin trading. In terms of customer service, Kraken supports its users 24/7 through live chat. As of last year, it is available in 177 countries, including 48 states in the US, and lists almost 100 cryptocurrencies to choose upon. It is also connected with Bloomberg and TradingView. With that, it gains popularity within the crypto trading community. Traders can now access relevant data within Kraken and its partners through news, and other virtual currency introduction.

2. CoinMama

CoinMama specializes in cryptocurrency exchange and is one of the first to support purchasing Bitcoin using debit and credit cards. It is also the first company to be integrated with Apple Pay and has expanded to other cryptocurrencies like Ethreum and Litecoin. It was founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster in 2013. Although it was registered in Slovakia, it is currently operating from Ireland to over 2.5 million users from over 190 countries. Through this platform, you can purchase cryptocurrency or invest in bitcoin. Although CoinMama is the key to the trading of cryptocurrency here, it will never hold customer funds and payment info. Rather it will send the fund directly to your personal wallet and that is why this platform is one of the safest out there. Apart from Apple Pay, credit, and debit card, it also has payment methods like Faster Payments, Fedwire, SWIFT, and Sofot. It has some great features like good customer support, fast verification, high spending limit, instant delivery, and the best part is, easy to use. CoinMama also offers rewarding affiliate programs. To use this platform you must be at least 18 years old and must be verified through your personal identification. CoinMama serves all over the world with exception of some countries like Iran, North Korea, Syria, and Somalia. This platform is also restricted to 2 US states, Hawaii and New York.

3. KuCoin

KuCoin is a cryptocurrency exchange for many digital assets and cryptocurrencies, founded by Johnny Lyu in September 2017. Since then, it grew to more than 8 million users globally. KuCoin has several advantages, including low trading fees, a wide range of coins, and a strong user base. With the lowest trading fee in the market, you do not have to pay monthly account fees. In addition, KuCoin maintains a broad selection of cryptocurrencies, including the new ones so you can get in early. In the same way, you can trade often given its added liquidity because of user volume and you can find an active local community with its services. It caters localized services with multilingual customer service. Earning interest in your crypto is easy on this platform. You can earn a sort of stock dividends by staking, or you can put your crypto into a loan to earn interest as a reward. Everyone can trade in it even with just an email address, as long as it is available in your country.

4. Gemini

Gemini is a trading platform that aims to help users with their trading needs. Gemini combines the best of online stock markets, foreign exchange and trend following with a global banking infrastructure to allow its clients to trade across borders. Gemini has its roots in the early days of the Bitcoin exchange markets when many investors could not buy or sell directly with fiat currencies. Instead, they had to rely on third-party providers such as Coinbase to facilitate their transactions for them. As exchanges grew more popular, Gemini provided a simple and safe way for retail investors to trade directly from their bank accounts with minimum risk. With Gemini, buying and selling Bitcoins on the spot is safe and easy — they even offer an app for mobile devices! They are also creating new ways for users to easily diversify their investment portfolios by pairing Etherium with other cryptocurrencies that can be traded against each other. The platform offers very high levels of liquidity — and it allows anyone who wants to invest in cryptocurrency at all levels of sophistication and knowledge to do so without incurring any transaction costs whatsoever.

5. LocalBitcoins

LocalBitcoins is a platform for bitcoins to be purchased and sold. The idea behind this is that you can buy or sell bitcoins directly in your local currency and get a whole lot of access to people who actually want to be in contact with you. The whole idea is that you are earning money from borrowers, who will send you money when they need it but otherwise won’t pay you any interest. LocalBitcoins has some advantages over other exchanges. It is a decentralized exchange, meaning that it does not require users to have an account with any company or service. This means that there is no need for them to register and keep track of their identities, keys, and private keys. Although this is not an advantage in terms of security, it can be important if you want to remain anonymous while trading on LocalBitcoins. LocalBitcoins also allows users to buy and sell bitcoins without the fear of being tracked down by law enforcement. They do not require users to obtain a government-issued ID or provide any sensitive data.

6. EToro

eToro is a multi-asset and social trading brokerage company owned by an Israeli that is focused on offering copy and financial trading services like crypto and forex. The company has physical offices in Australia, the United States, the United Kingdom, and Cyrus. Its headquarters are in Tel Aviv-Yafo, Limassol, London. Also, the company was founded by David Ring, Yoni Assia, and Ronen Assia. Currently, it is estimated that eToro has about 1200 employees who run its day-to-day programs. Further, it was founded in January 2007. Currently, eToro is a very established company with millions of users using the application, reliability, and trustworthiness are not to be doubted. This is a platform that you can trade with full confidence. Creating an account with eToro is absolutely free. You won’t be charged any ticking or management fees and investing in stocks does not come with commission charges. For withdrawal, you’ll have to incur a $5 fee, plus FX rates are applied to non-USD withdrawals and deposits.

7. Trading 212

Trading 212 is a platform for online commission-free trading available for various investors. It was launched in 2004 and is currently based in the UK. You can easily trade forex, and stocks in just one motion. In history, Trading 212 is the first firm to offer free commission in stock trading. With this, millions of traders were able to access the market at just a low cost. It has a mobile application with more than fifteen million downloads. It has a variety of accounts you can choose from. First is CFO (Contract For Difference) account. This account will allow you to trade among major markets for over 2500 instruments. While Invest and USA accounts give you access to over 10,000 stocks and cryptocurrency exchange traded funds (ETF) in a blink of an eye. Also, you have added security in Trading 212 as it is being regulated by United Kingdom’s Financial Conduct Authority.

8. IG

IG is a world leader in online trading. And have provide their clients access to over 10000+ markets. They were founded in 1974, and are based in London. Assets on offer range from cryptocurrencies, to Forex, to commodities and more.

9. Paxful

Paxful is a free-to-use platform to buy and sell bitcoin. Apart from bitcoin, they also sell and buy Ethereum and Tether. The platform was founded by Artur Schaback and Ray Youssef in 2015. Its headquarters is located in New York and its branch offices are located in Estonia, the UK, Dubai, Philipines, and St Petersburg. They currently have over 400 employees and growing. One of the best features of Paxful is they have over 350 ways to buy and sell bitcoin like bank transfers, online wallets, cash payments, discounted gift cards, digital currencies, and debit/credit cards. Paxful is very safe since it uses the Escrow system for all of its transactions. Escrow is a system that will protect the money in case a scammer is detected. They also have a dispute management system that will step in anytime there are issues between the sellers and buyers. The platform provides an encrypted private messaging system for your convenience. You can also make extra income by becoming a vendor and doing trading or in their affiliate program. After some successful trade, you can withdraw money from Paxful using Paypal, Western union, skrill, or perfect money. To use Paxful you should be at least 18 years old and must have at least one ID verification. Although we are growing worldwide, there are still some banned countries like North Korea, Somalia, Iran, Iraq, and Libya. Join Paxful now and become a part of 6 million happy customers of this platform.

10. Coinbase

Coinbase is a payment platform that allows you to buy, sell, hold and send Bitcoin and other cryptocurrencies. The service can be used in the same way as you use Visa or Master Card, with a few differences. Coinbase makes it easy for you to buy, sell and send Bitcoin or other cryptocurrencies. You can use your credit cards with Coinbase too. If you don't have any cards or accounts, then you can still use Coinbase as a virtual wallet. Coinbase has a simple signup process: just create an account and start using it today. It supports a variety of high-quality payment methods, including credit cards, wire transfers, and bank transfers. You can trade most altcoins on Coinbase using US dollars or your local currency. It's secure, so you can buy or sell without causing any transaction fees. Coinbase has excellent customer service, which means if you have any problems Trading Bitcoin on Coinbase, they will help you out in any way they can – Instant Funds Delivery if required, and so much more.

11. Robinhood

The Robinhood app is going to change many views on investing. The online trading tool is already being employed in many ways. Robinhood can make it easier for people to invest, thanks to the incredible variety of online tools. Trade on the go, using a smartphone to activate the app when it is needed. The Robinhood app has been widely used by people so far. They have years of experience now thanks to the smart app too.

The best step should be to read many of the new reviews. The critics have watched Robinhood develop into a workable app. The smartphone app can be started at any place in the world. Trade with a greater amount of confidence thanks to the app. Online trading tools have surpassed expectations in several new ways. The Robinhood app is going to be a leader for the novice traders of the world.

12. ByBit

ByBit is a trading platform for Cryptocurrency derivatives. There are 3 types of contracts you can buy and 5 other cryptocurrencies that you can trade-in. ByBit was founded by Ben Zhou in 2018 and its headquarters is in Singapore. This platform has more than 3 million users worldwide and growing every day. On this platform, you can trade, buy, sell, and mine cryptocurrency. ByBit is very safe since it uses an HD cold wallet system and multiple authentication layers that guarantee the safety of the fund. The platform support traders in 13 languages. It has very high leverage up to 100x, has low internal fees, and you can buy cryptocurrency using debit or credit cards. The withdrawal process is very safe since it does not support any fiat transaction and only uses transactions from one wallet to another cryptocurrency wallet. They also provide a VIP program where you will be assisted by a personalized ambassador. You can also earn extra income through their affiliate and referral program. ByBit provides a mobile app version of the platform and has the same full functionality as the desktop version. One of the best things about ByBit is it can handle 100,000 transactions per second and have no server downtime. The platform is truly user-friendly and any beginner with knowledge in trading can use it. The verification will be done in 5 minutes but you need to be at least 18 years old. Their service is restricted in several countries like Cuba, Iran, Syria, North Korea, and Mainland China.

13. LocalCoinSwap

Buy BTC, ETH, DOT, USDT, and more cryptos worldwide using 300+ payment methods.