BEST CRYPTO EXCHANGES
In a hurry?
The best Gemini alternative in 2023, as found in our independent testing, is Pionex!
With the advancement of technology and the increasing popularity of cryptocurrency trading, many platforms offering crypto trading options came into action.
Suppose you’re also interested in starting your crypto trading journey.
In that case, obviously, the first move is to look for a platform that supports trading fiat currency for Ethereum, Bitcoin, or other digital currency.
However, not many crypto trading platforms support fiat pairing, primarily in the United States.
Gemini is one of the very few trading platforms meant for beginners.
Well, Gemini is no doubt a good exchange, but it falls on the pricier side, which might not be best for everyone.
Also, many platforms come with lower fees and support amazing cryptos for trading.
Therefore, it’s best to know some of the best Gemini alternatives available in the market. Right?
Now, you’ll see a lot of crypto trading platforms in the market, but not all platforms will provide you with the same result.
We’ve compiled a list of the six best Gemini alternatives available in the market to help you start your crypto trading journey with a bang.
Let’s check out the best Gemini alternatives to try in 2023.
Best Gemini Alternatives in 2023:
1. Pionex
The Crypto market is ever-changing and can certainly make unpredicted impulsive moves.
Of course, an investor can’t sit in front of their screens 24 hours a day, 7 days a week, to stay updated with what’s happening in the crypto market.
Moreover, even if we ignore this, we can’t ignore that human emotions such as bravery or fear will definitely hamper investors’ trading decisions.
At the same time, crypto trading bots are programmable, disciplined, and non-stopping.
That’s the main reason why the popularity of automated trading is constantly growing and attracting more and more investors each passing day.
Investors can computerize their trading round-the-clock without having to check the crypto market.
- Price: FREE
- Types of Bots: Arbitrage Bot, Grid Trading Bot, Copy Trading, Social Trading, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, DCA, etc.
- Supported Exchanges: Huobi, Binance, Pionex
- Mobile App: iOS & Android
While there are hundreds of crypto trading platforms offering various features that help investors make money profit, Pionex is one of the leading crypto trading platforms in this respect.
It’s a site like Gemini and is one of the best crypto trading platforms globally, with 16 free in-built automated bots.
The 16 different types of automated bots allow investors to choose the tactic they’d like to apply in their trading, be it high-risk or low-risk.
The Grid Trading Bot is one of the most popular and widely used in-built free automated trading bots.
This particular bot (or strategy) helps the investors be safe from the ups and downs of the crypto market.
Traders using this bot can set a specific price range to regulate how many grids they want.
The Grid Trading bot will automatically sell a portion when the price increases and purchase a portion when the price decreases.
It’s one of the best trading bots that Pionex comes with, especially in a fluctuating market environment.
On the other hand, the Rebalancing Bot focuses on an investor’s complete portfolio and not merely on a particular position.
This bot aims to align and balance the conflicting positions in the investor’s portfolio.
When it comes to trading fees, this platform charges much less compared to other crypto trading and automated trading platforms. It charges a fee of only 0.05% on each transaction.
Other trading bots of Pionex include Reverse Grid Trading Bot, DCA (Dollar-Cost-Average) Bot, Infinity Grid Bot, Margin Grid Bot, and ten more.
Launched in 2019, this top contender among Gemini alternatives daily trade volume amounts to more than $30 million.
Pionex supports over 250 different crypto coins and is accessible on iOS and Android.
It already holds the license of United States of America’s Money Services Business (MSB) and will soon get a Financial Association of Singapore (MAS) license.
Cryptocurrencies Available on Pionex
Pionex supports over 250 crypto coins, and some of the most popular digital currencies available on this platform are:
- Ethereum (ETH)
- Tether (USDT)
- Bitcoin (BTC)
- USD Coin (USDC)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Ethernity Chain
- Binance Coin (BNB)
- Cardano (ADA)
- Solana(SOL)
Pros and Cons of using Pionex
2. EToro
Another site like Gemini, eToro is a United States-based cryptocurrency trading platform launched in 2007.
The global trading exchange allows trading in multiple assets such as crypto coins (also known as forex trading), stocks, commodities, and metals.
It has a relatively simple user interface and tools for newbie investors; on the other side has more developed and advanced features for professional investors.
However, what really sets eToro apart from most other trading platforms is its additional sets of features. And one such innovative feature is the copy trading feature.
The copy trading feature of this name among the best Gemini alternatives offers the investors an ability to automatically copy the trading strategies of some of the popular and experienced investors of the platform.
With this cool feature, users just need to select a particular investor from the platform whose strategy they want to mimic, and their trading tactics will be replicated instantly.
That means when that particular pro-investor trades, the newbie investor will also trade.
This feature is a great help for beginners who want to start their trading journey with lesser crypto trading knowledge.
That’s not all; eToro is a combination of social media and crypto trading platforms.
Investors can follow each other on the platform and see other traders’ social feeds, monthly performance stats, holdings, etc.
In fact, popular investors can make extra money from the platform apart from trading under eToro’s Popular Investor Program.
However, remember, investors need at least $200 in their account to be a copy trader.
Cryptocurrencies Available on eToro
EToro offers access to a total of 52 crypto coins, and some of these popular ones available on this platform are:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Dash
- Stellar (XLM)
- NEO
- Ethereum (ETH)
- Binance Coin (BNB)
- Polkadot (DOT)
- Litecoin (LTC)
- Dogecoin (DOGE)
Pros and Cons of using eToro
3. Uphold
Uphold (a site like Gemini) is a cloud-based crypto trading platform launched by a US-based entrepreneur Halsey Minor in 2014.
The exchange is licensed in the United States and Europe; as a result, it’s an amazing platform to work with a regulated crypto trading site.
Initially named Bitreserve, the company offers 27 fiat currencies, 58 utility tokens and crypto coins, 50 United States stocks, and 4 precious metals.
Uphold play the role of a virtual wallet for both cryptocurrencies and fiat currencies. The platform is oriented to quickly store assets, send money to other Uphold users, and digital exchange currency instantly.
The automatic currency conversion is undoubtedly Uphold’s one of the most powerful features that attract investors from all corners of the world, making it a people’s favorite among the top Gemini alternatives out there.
The trading platform operates on a 100% redundancy model, and it’s one of the first-ever financial service companies worldwide that share its reserve holdings in virtual time.
Moreover, traders can even use this platform as a cryptocurrency wallet and trade various fiat money for crypto coins like ETH, BTC, BCH, LTC, etc.
Cryptocurrencies Available on Uphold
Uphold is a multi-asset trading platform offering 58 cryptocurrencies, 50 United States stocks, 27 fiat currencies, and 4 precious metals.
Here are some highly used crypto coins available on this platform are:
- Bitcoin Zero (BTC0)
- XRP
- Cardano (ADA)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Dogecoin (DOGE)
- Flow
- Wrapped Bitcoin (WBTC)
- Shiba Inu (SHIB)
- EOS
Pros and Cons of using Uphold
4. Binance
Launched in 2017, Binance (a site like Gemini) has become one of the most used cryptocurrency trading platforms.
Best known for its wide-ranging digital coin offerings and huge liquidity, the platform is named as the forefront of crypto trading innovation, offering easy cryptocurrency purchases together with interest-earning products, advanced features, access to decentralized finance (DeFi).
Binance has access to more than 370 cryptocurrencies and thousands of trading pairs, including stablecoins, DeFi tokens, altcoins, and Bitcoin (BTC).
Although Binance doesn’t allow fee-free crypto trading, it charges much lower than other well-known crypto coin exchanges that charge commission and fees.
In fact, the highest spot trading fee at Binance is only 0.1%.
Cryptocurrencies Available on Binance
More than 370 cryptocurrencies are available for direct trading using credit/debit cards or fiat currencies.
Here are the top 10 cryptos available on Binance:
- Ethereum (ETH)
- Binance Coin (BNB)
- Tether (USDT)
- Litecoin (LTC)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- TrueUSD (TUSD)
- Tezos (XTZ)
- Binance Coin (BNB)
Pros and Cons of using Binance
5. Robinhood
A Gemini alternative, Robinhood caught the eyes of investors as an impressive disruptor in the brokerage industry right from its early stages.
One of the biggest competitive strengths of this platform is the commission-free trading of cryptocurrency, stocks, and other assets. However, many platforms with no commission joined the brokerage industry, neutralizing its most powerful weapon.
In spite of the increased competition on cost, this crypto trading platform has successfully made an effective brand and market with young and technically competent investors.
Thanks to Robinhood’s clean design and user-friendly interface that centers on the basics, it stood out as one of the best platforms for young and new investors.
Launched in 2013, this trading platform is pretty simple to set up and use.
Robinhood even offers a mobile app, making it the best choice for investors who mainly like to use smartphones to manage their accounts.
The app and web-based crypto trading platforms support the same asset classes and order types. With no minimum deposits, the platform adds to its user-friendly credibility.
Moreover, the company also offers a program named “Robinhood Gold.” With this program, an investor can research around 1,700 companies and purchase securities with borrowed money or margin.
However, the Gold program is not free of cost; the platform charges an extra $5 per month.
Cryptocurrencies Available on Robinhood
Robinhood offers a limited number of cryptocurrencies for traders to trade-in. Its digital currencies include:
- Ethereum Classic (ETC)
- Dogecoin (DOGE)
- Bitcoin (BTC)
- Bitcoin SV (BSV)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
Pros and Cons of using Robinhood
6. Kraken
Kraken, a popular San Francisco-based crypto trading platform, was established in 2011 and is a well-known Gemini alternative.
It supports investors from different countries worldwide, including the United Kingdom and the United States.
It assists both individual and institutional traders with its attractive pricing.
Being one of the best Gemini alternatives, it is a platform especially meant for secured cryptocurrency trading.
With over 110 cryptocurrencies and tokens, the platform offers advanced features like trading tools, 24-7 customer support, charting tools, and low trading charges.
That’s not all; along with low trading fees, the platform offers forthcoming trade stalking capabilities and is customized to work fine on both mobile and desktop versions.
The platform comes with two different versions (Kraken and Kraken Pro) that an investor needs to choose depending on their expertise.
While the main Kraken platform works best for newbie investors, advanced and skilled crypto traders prefer Kraken Pro.
In fact, both amateur and professional investors can earn interest rewards through coin staking.
Cryptocurrencies Available on Kraken
Being one of the oldest crypto trading platforms, Kraken supports over 110 coins. And some of the popular ones are:
- Dogecoin (DOGE)
- Stellar Lumens (XLM)
- Cardano (ADA)
- Uniswap (UNI)
- Ethereum (ETH)
- Ripple (XRP)
- Polkadot (DOT)
- Bitcoin (BTC)
- Litecoin (LTC)
- Sushi (SUSHI)
- Polygon (MATIC)
- Solana (SOL)
Pros and Cons of using Kraken
Conclusion
And with this, we’re done discussing the best Gemini alternatives to try in 2023.
We’ve examined all these crypto trading platforms based on different parameters like features, trading bots efficiency, fee rates, the complexity of usage, cost, etc.
Although all these six trading platforms are amazing, if you ask us to choose our favorite Gemini alternative, it’ll definitely be Pionex.
Here are the reasons why we’ve picked Pionex as the best Gemini alternative out of all the available alternatives in the market:
- Pionex offers a huge range of features for crypto trading
- It comes with a beginner-friendly interface
- The Pionex platform offers 16 free in-built automated trading bots
- It charges a trading fee of only 0.05%
Now you know which is the Gemini alternative to go for in 2023.
However, we recommend you choose the Gemini alternative you want to try after closely analyzing the same.
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Written by Thomas McGovern
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