5 Best Binance Alternatives in 2022 (Sites & Apps Like Binance.com)

Last Updated: September 12, 2022
We’ve made a list of the top Binance alternatives available in the world so that you can kick start your trading journey right away. Let’s check out the best sites like Binance.
Best Binance Alternatives
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In a hurry?
The best Binance alternative in 2022, as found in our independent testing, is Pionex!


Even the best crypto trading platform sometimes stops accepting new investors or has break time for maintenance purposes, and Binance isn’t an exception.

Moreover, Binance’s approval process is quite lengthy and may take weeks or months to get approved by the exchange, which isn’t good in the crypto space.

In fact, it’s always better to have more than one crypto trading platform up your sleeve if you want to keep your crypto trading continuing.

However, an endless number of cryptocurrency trading platforms that claim to be better than Binance are available in the market.

And choosing the right one can be hard sometimes. But don’t worry, we’ve got you covered.

We’ve made a list of the top Binance alternatives available in the world so that you can kick start your trading journey right away.

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Let’s check out the best Binance alternatives to try in 2022.

  1. Pionex – 🏆 Winner!
  2. eToro
  3. Uphold
  4. ‌KuCoin
  5. ‌Gemini

Best Binance Alternatives in 2022:

1. Pionex

Pionex

Pionex (a site like Binance) is an extremely reliable crypto trading platform designed to meet the needs of everyone.

Whether you’re a new crypto investor or a professional and experienced trader, this platform has a range of functions and tools that satisfy the trading needs of users of different experience levels.

Pionex is a user-friendly trading platform that offers useful tutorials for investors and traders of different levels of expertise.

Pionex is a crypto trading platform that supports more than 120 different digital coins, comes with no deposit fees, and charges only 0.05% per crypto transaction.

It also has a mobile app, so investors can always be on the move, prepared to check the crypto market and carry out trade anytime they want.

And the best part is the platform is accessible around the world, which means traders worldwide can use Pionex for investing in crypto coins. However, traders residing in the United States are restricted from trading leveraged tokens inside Pionex.

👉 Get Pionex FREE

Although the platform Pionex is full of tools and features that make it one of the best Binance alternatives, the main highlight of Pionex is its in-built free automated trading bots.

Currently, the platform offers 16 free automated trading bots that are useful for both inexperienced and experienced crypto traders and investors.

These are programs and algorithms developed to mechanize trading in the cryptocurrency markets.

Market data is decoded and analyzed based on a pre-established set of norms to choose the best position and execute the same.

Pionex’s trading bots even reduce the day-and-night monitoring that might be needed for a longer period.

In short, automated trading bots are programmed to carry out trades as a substitute for crypto investors using different parameters and algorithms.

The GRID bot is a prominent figure among the 16 automated cryptocurrency trading robots. It’s an old but effective investing technique that earns money from cryptocurrency movements.

Its GRID trading bot provides dollar-cost averaging, which helps in creating GRID trading bots with crypto coins trading.

Traders just need to select a limit for the GRID, and it’ll automatically assist the trader in purchasing undervalued cryptocurrencies and sell the same when the price increases.

Well, when an investor uses the GRID bot, there’s a high possibility that they might miss out on the increasing benefit when the price rises.

And that’s exactly when INFINITY Grids bot shines. Both GRID bot and INFINITY Grids bot work in a similar manner. However, unlike the GRID bot, it doesn’t have any maximum limit.

This bot allows traders to buy digital currencies when their price is low and sell them when the prices increase.

On the other hand, the LEVERAGED Grid bot works by joining together GRID Bot and a crypto-loan function.

Its basics are similar to that of the GRID bot; however, an investor might end up making up to three times more money using the LEVERAGED Grid bot.

Other automated trading bots include MARGIN Grid bot, GRID REVERSE bot, and 11 more.

Cryptocurrencies Available on Pionex

The Pionex platform offers more than 250 different types of cryptocurrencies, and some of the most popular online currencies available on this trading platform are:

  • ‌Dogecoin (DOGE)
  • ‌Ethereum (ETH)
  • ‌USD Coin (USDC)
  • ‌Bitcoin (BTC)
  • ‌Ethernity Chain
  • ‌Litecoin (LTC)
  • ‌Tether (USDT)
  • ‌Cardano (ADA)
  • ‌Binance Coin (BNB)
  • ‌Solana(SOL)

Pros and Cons of using Pionex

Pros
  • ‌Pionex accept more than 250 different types of online currencies
  • ‌It’s suitable for both inexperienced and experienced crypto investors
  • ‌It has a user-friendly platform interface and is highly customizable
  • ‌The trading fees of Pionex is much lower compared to other major trading platforms at 0.05% maker and taker
  • ‌You can use the platform on both iOS and Android operating systems
  • ‌Pionex offers over 15 free built-in automated trading robots that can be used without any coding or programming knowledge
  • ‌It has a Money Services Business (MSB) license by United States FinCEN
Cons
  • ‌Pionex doesn’t support any demo trial login
  • ‌It doesn’t offer any telephone contact number
  • ‌There are no fiat deposit or withdrawal options available on Pionex
  • ‌An investor need to pay extra fees on withdrawal

2. eToro

eToro

eToro (our second-most favorite site like Binance) is a multi-asset trading platform popularly known for its social and copy trading.

Founded back in 2006 by Yoni Assia, Ronen Assia, and David Ring, the company offers trading in cryptocurrencies, ETFs, CFDs, and stocks.

It currently operates in over 140 countries worldwide and has millions of authorized users.

Headquartered in Israel and Tel Aviv-Yafo, eToro has registered offices in the United States, Australia, Cyprus, and the United Kingdom.

The company’s worth rose from $800 million in 2018 to $2.5 billion in 2020.

eToro is a very popular trading platform (well, you can see it from the numbers) and is safe to use, that’s because it’s administered by top-tier authorities.

One of the most prominent and promising things about eToro is the copy trading feature that it offers.

This feature is a great help to new investors with lesser trading knowledge as it allows them to copy the trading strategies of successful investors.

eToro even offers a social media feed, messaging feature, and other similar add-ons that help to increase engagement between peers.

The trading platform has facilitated over 300 million trades since its launch. It is expanding its operations to enter the Asian markets to offer trading services to Hong Kong and China.

eToro has both a web-based and a mobile platform, although it doesn’t offer any desktop platform yet.

Cryptocurrencies Available on eToro

eToro offers a smaller number of cryptocurrencies compared to a trading site like Binance. However, it does have most of the popular ones.

In total, the platform has around 52 crypto coins, including:

  • ‌Bitcoin (BTC)
  • ‌Binance Coin (BNB)
  • ‌Bitcoin Cash (BCH)
  • ‌Litecoin (LTC)
  • ‌Polkadot (DOT)
  • ‌Ethereum (ETH)
  • ‌Dash
  • ‌NEO
  • ‌Stellar (XLM)
  • ‌Dogecoin (DOGE)

Pros and Cons of using eToro

Pros
  • eToro is a combination of both crypto trading and social media platform, offering the most amazing community for traders and investors
  • ‌The eToro platform is one of the best trading exchanges for inexperienced investors as it has a simple interface
  • ‌There are 52 different types of online currencies available on eToro, including some of the popular ones, like Dogecoin, Ethereum, Bitcoin, Solana, and more
  • ‌The platform comes with copy trading, specially designed for new investors, and is one of the most unique features
Cons
  • ‌eToro is not available in all the states of the world
  • ‌It offers a poor customers service
  • ‌eToro needs a minimum deposit of $25, which is quite a big amount
  • ‌The platform has a complicated fee structure

3. Uphold

Uphold

Another site Binance, Uphold, is a United Kingdom-based cryptocurrency trading platform that allows investors to purchase, sell, and trade digital coins.

That’s not all; along with crypto, this platform also allows users to trade in national currencies, precious metals, stocks, and other digital assets.

Users of Uphold can access 50 United States stocks, 27 fiat currencies, 4 precious metals, and 58 cryptocurrencies and utility tokens.

As a fiat currencies onramp, the Uphold platform enables new investors to deposit national currencies (like United States dollars) and use the same to buy cryptocurrencies and other digital assets.

Traders can trade between different categories of assets, such as precious metal-to-currency trade, stock-to-metals trade, crypto-to-stock trades, etc.

Uphold is one of the most unique Binance alternatives because it functions like stock, forex, and crypto trading in one platform.

It’s a simple and plain trading exchange, allowing investors to view one asset price at a point in time.

This contrasts to other trading platforms, which generally display a sortable list of assets with market capital, prices, and relative change in price in the last 24 hours.

And that’s why Uphold is not designed for active cryptocurrency investors.

Cryptocurrencies Available on Uphold

The Uphold platform is a multi-asset trading exchange, offering 58 cryptocurrencies, 27 fiat currencies, 50 United States stocks, and 4 precious metals.

The top 10 widely used cryptocurrencies available on Uphold are:

  • ‌Bitcoin Zero (BTC0)
  • ‌Dogecoin (DOGE)
  • ‌XRP
  • ‌Cardano (ADA)
  • ‌Wrapped Bitcoin (WBTC)
  • ‌Bitcoin Cash (BCH)
  • ‌Ethereum (ETH)
  • ‌EOS
  • ‌Flow
  • ‌Shiba Inu (SHIB)

Pros and Cons of using Uphold

Pros
  • ‌Uphold offers direct cross multi-asset trading
  • ‌It’s cheaper than most of the popular trading exchange
  • ‌The Uphold platform supports the autopilot feature
  • ‌The platform has one of the most simplistic user interfaces
  • ‌Users can easily register themselves on the Uphold platform
Cons
  • ‌Uphold offers an insufficient number of crypto coins
  • ‌The platform is not available in all the countries
  • ‌The education section of Uphold is not at all organized

4. KuCoin

KuCoin

KuCoin, a site like Binance, is a Singapore-based crypto trading platform established in May 2017 and works in Seychelles.

The founders of KuCoin have experience in financial services, and their original goal was to develop a safe and simple crypto trading platform for investors from all over the world.

At present, it’s the world’s 5th-biggest cryptocurrency trading platform and has more than 10 million users. This crypto trading site is available to investors in over 200 countries.

Although the exchange hasn’t got licensed in the United States, investors there can still use it for trading to take on risks, limitations, and complications.

KuCoin is a great Binance alternative and can be a good choice for crypto investors having different levels of experience.

It currently offers more than 600 different digital currencies for trading. It’s the best choice for anyone looking for a centralized platform with many cryptocurrencies.

However, it doesn’t support fiat currency trading pairs such as EUR/BTC or USD/BTC.

Cryptocurrencies Available on KuCoin

KuCoin has a vast collection of digital coins, with over 600 cryptocurrencies available for trading.

Some of the popular cryptos available on KuCoin are:

  • ‌Litecoin (LTC)
  • ‌Tether USD (USDT)
  • ‌Bitcoin (BTC)
  • ‌Terra (LUNA)
  • ‌Ripple (XRP)
  • ‌Ethereum (ETH)
  • ‌KCS (KCS)
  • ‌Dogecoin (DOGE)
  • ‌Shiba Inu (SHIB)
  • ‌Polkadot (DOT)

Pros and Cons of using KuCoin

Pros
  • It offers a wholesome range of cryptocurrencies, including the newly released ones
  • ‌KuCoin is one of the best platforms for beginners with lesser experience in crypto trading
  • ‌It’s one of the very few platforms that provide amazing customer service
  • ‌Fees of trading in KuCoin is quite affordable
Cons
  • ‌The KuCoin platform is not yet licensed in the United States
  • ‌Its withdrawal is limited to $400 of peer-to-peer trades and one Bitcoin per day

5. Gemini

Gemini

Gemini (a Binance alternative) is a New York City-based cryptocurrency trading platform founded by twin brothers Cameron and Tyler Winklevoss, where traders can buy, store, and sell crypto coins.

Along with investing in crypto, Gemini also lets the investors research and track digital currencies using developed and advanced tools.

The platform is available in all 50 states of the US and dozens of countries worldwide.

Both Gemini’s website and mobile app provide a beginner-friendly cryptocurrency trading experience.

Newbie investors love this platform’s easy buy and sell option, especially its extensive support page.

It’s an active trader platform that offers multiple order types, and advanced charting tools, helping experienced crypto investors to execute trades quickly.

However, a trader needs to complete a verification process to take advantage of Gemini.

This process includes uploading an identity photo proof issued by the government, like a passport or driver’s license.

Cryptocurrencies Available on Gemini

Although Gemini offers fewer cryptos than most of the other trading platforms, there are around 77 assets available for trading on its platform.

Users can trade some of the most used assets and some lesser-known digital coins.

Here’s a list of the top 10 cryptocurrencies available on Gemini:

  • ‌Ethereum (ETH)
  • ‌Dogecoin (DOGE)
  • ‌Bitcoin Cash (BCH)
  • ‌Bitcoin (BTC)
  • ‌Litecoin (LTC)
  • ‌Gemini Dollar (GUSD)
  • ‌TerraUSD (UST)
  • ‌USD Coin (USDC)
  • ‌Ethereum Name Service (ENS)
  • ‌Zcash (ZEC)

Pros and Cons of using Gemini

Pros
  • Gemini is available in all the 50 states of the US
  • ‌It supports over 50 types of digital currencies
  • ‌The Gemini platform is an advanced trading exchange
Cons
  • ‌It charges a higher fee compared to other trading platforms
  • ‌Gemini doesn’t support a few popular cryptocurrencies

Conclusion

And this brings us to the end of our discussion about the best Binance alternatives to go for in 2022.

We’ve examined all the cryptocurrency trading exchanges according to different parameters such as trading bots efficiency, features, the complexity of usage, fee rates, cost, etc.

Our findings made us choose Pionex as the best Binance alternative available in the market.

Here’s why we’ve picked Pionex over the other 5 Binance alternatives:

  • ‌Pionex offers a user-friendly interface
  • ‌It includes 16 free in-built trading bots, helping investors do automated trading
  • ‌The Pionex platform supports a wide range of cryptocurrencies
  • ‌Its trading fee is limited to only 0.05%

We hope this article has helped you choose the best Binance alternatives to try in 2022.

While Pionex is our favorite, we recommend choosing the one for you after wisely analyzing all the Binance alternatives mentioned above. 

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Written by Thomas McGovern

Thomas has over a decade of experience with blockchain and cryptography. He writes regularly for EarthWeb and holds a M.S. in Mathematics.
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