BEST CRYPTO EXCHANGES
In a hurry?
The best Kraken alternative in 2024, as found in our independent testing, is Pionex!
Trying to find one of the best Kraken Alternative crypto trading platforms that is supported in your region? Here’s everything you need to know.
According to a study, there are more than 500 crypto exchanges globally, and this count varies in a short time.
It is quite impossible to keep track of all the exchanges available in the world.
However, the best ones from them are hand-picked by various crypto experts and agencies through online reviews and case studies.
CoinMarketCap has been tracking 250+ exchanges already established, while the rest are in their baby stages.
Established in 2011, Kraken is one of the first crypto exchanges in the world. According to the platform, it is beginner-friendly, and for experts, they have created Kraken Pro.
However, Kraken demands higher fee rates when using the instant buy feature.
For stable coins, the rate is 0.9 percent and 1.5 percent or other crypto coins. And it charges 3.75 percent for purchases made using debit or credit cards.
So you won’t feel much happy when you get the returns after deducting the fee rates.
The next important reason people are searching for the best Kraken alternative in 2024 is the lack of proper customer support on the site.
Also, the online platform and app don’t handle the advanced features well, which will disappoint advanced traders.
If you are looking for the best Kraken alternatives in 2024, we can provide you with the top cryptocurrency exchange options available in the market.
Below are the best Kraken alternatives to try in 2024.
Best Kraken Alternatives 2024
1. Pionex
One of the best in the market for crypto traders, we suggest using Pionex as a great alternative for Kraken in 2024. The company started in 2019 with a unique perspective.
It supplied free and integrated trading bots that can help customers trade without human emotional interruptions, errors, or lags.
- 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
Additionally, Pionex has 100+ experts who help customers manage the bots and complete the trading process without any issues.
According to reports, Pionex is a rapidly growing crypto platform trusted by 10,000+ customers around the world.
Advantages of using Pionex
Using Pionex is very helpful for beginners since trading doesn’t require high-end technical knowledge.
Some Pionex advantages are listed below:
- Human-emotionless crypto trading based on data.
- About $30 million market trade volume achieved daily.
- Pionex offers 24/7 trading and Faster transactions.
- Low-risk investment.
Cryptocurrencies Available on Pionex
There are around 250+ Cryptocurrencies present on the Pionex platform. A few popular Cryptocurrencies on the Pionex platform are:
- Bitcoin(BTC)
- Ethereum(ETH)
- Dogecoin(DOGE)
- Tether(USDT)
- Litecoin(LTC)
- USD Coin(USDC)
Pros and Cons of using Pionex
2. eToro
The crypto exchange came into being in 2007 and is highly recommended by experts as an alternative for Kraken in 2024.
eToro is another best Kraken alternative that can be used in 2024. Its CFD(Contract For Difference) is beginner-friendly.
eToro services are available in 140 countries, and the platform has more than 20 million customers.
It has plans to expand forex trade, stocks, commodities, plans, etc., to more areas. eToro was one of the first crypto exchanges that provided social trading in 2010.
It was a success and gained wide popularity among traders. Several advanced features were brought to the platform for supporting advanced traders.
Advantages of using eToro
According to expert stats, eToro has tripled its market value during 2018-2020. Some of the eToro advantages are as below:
- eToro has a commission-free policy.
- Registered offices in Australia, the UK, the US, and Cyprus.
- The company generated a market value of $2.5 billion in 2020, which was nearly close to $800 million in 2018
- Good Customer support via email and helpdesk tickets.
Cryptocurrencies Available on eToro
There are 43+ cryptos available on the eToro platform. Some of the popular Cryptos on eToro in 2024 are:
- Bitcoin (BTC)
- Dogecoin (DOGE)
- Bitcoin Cash (BCH)
- Stellar Lumen (XLM)
- Litecoin (LTC)
- Ethereum (ETH)
- Cardano (ADA)
- Chainlink (LINK)
Pros and Cons of using eToro
3. Uphold
Uphold comes third in our list of best Kraken alternative sites in 2024.
It was introduced in 2013 as a multi-asset digital currency platform that allows traders international money exchange.
Using Uphold, you can buy US equities, precious metals, cryptocurrency, etc.
The crypto company headquarters is in New York, and it has several branches, including London, Bragg, Shanghai, San Fransico, etc.
Advantages of using Uphold
Some of the popular Uphold advantages are listed below:
- The cloud computing based crypto platform helps customers convert and transfer cryptocurrencies from other traders anytime.
- More than $4 billion in transactions so far.
- It offers services in 184+ countries and is available in most US states.
Cryptocurrencies Available on Uphold
It offers a collection of 70+ digital currencies, emerging tokens, alt-coins, and stablecoins. Some of the popular Uphold crypto coins are:
- Bitcoin (BTC)
- Litecoin (LTC)
- Ethereum (ETH)
- Ripple (XRP)
- Iota (MIOTA)
- Chainlink (Link)
- Stellar Lumens (XLM)
Pros and Cons of using Uphold
4. Binance
We recommend Binance as an alternative for Kraken since it is one of the largest crypto exchanges in the world.
Binance moved its activities to Japan soon after China banned crypto trading.
Changpeng Zhao, who previously created high-frequency trading software, is the man behind Binance.
There are several regulatory offenses in the name of Binance on money laundering and tax offenses.
And it is facing an investigation from the United States Department of Justice and Internal Revenue Service.
Advantages of using Binance
We shall look into the most popular Binance advantages now:
- Availability of 400+ cryptocurrencies for trade.
- Binance offers several trading options, including trading, spot trading, margin trading, peer-to-peer trading, etc.
- It offers order types such as limit order, market order, stop-limit order, stop market order, trailing stop order, post-only order, and one-cancels-the-other order.
- Readily available in 180+ countries.
Cryptocurrencies Available on Binance
Popular Binance crypto coins are listed below:
- Binance Coin (BNB)
- Litecoin (LTC)
- Cardano (ADA)
- Ethereum (ETH)
- Dogecoin (DOGE)
- VeChain (VET)
- Harmony (ONE)
- VeThor Token (VTHO)
Pros and Cons of using Binance
5. Bisq
There are many reasons why we suggest Bisq as an alternative for Kraken.
Bisq, a 2014 founded crypto exchange, is an open-source application that allows you to buy and sell bitcoins in exchange for national currencies.
It is a decentralized crypto exchange that facilitates peer-to-peer networks for trading.
The most important benefit of using Bisq is that no middle man manages trades. You can work directly with stocks without getting mixed up with a brokerage.
The founding principles of Bisq are user security, user privacy, and censorship resistance.
Advantages of using Bisq
Some of the popular Bisq advantages that make it the best Kraken alternative in 2024 are:
- Bisq has better privacy and anonymity.
- Lower fees
- It makes You confident since you are in charge of your crypto.
- Bisq offers its service to unbanked users as well.
Cryptocurrencies Available on Bisq
Some of the popular crypto coins on the Bisq platform are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Galilel (GALI)
- BSQ (BSQ)
- Monero (XMR)
- Dash (DASH)
- Zcash (ZEC)
Pros and Cons of using Bisq
6. Coinmama
We recommend Coinmama as one of the best Kraken alternatives in 2024. Coinmama enjoys almost 3 million user populations spread over 190 countries globally.
The company was created in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster in Israel. Currently, the company is headquartered in Ireland.
Coinmama signed a deal in 2020 with Apple that validated the Apple pay usage for crypto trades.
Advantages of using Coinmama
Let us check the popular Coinmama advantages:
- It offers a variety of payment options, including the ability to purchase cryptocurrencies with Mastercard or Visa credit cards.
- Coinmama doesn’t act as a middle man between buyers and sellers. It sells all cryptocurrencies from its own inventory, so the transaction is between users and the company.
- Customers can freely use the exact amount of EUR, USD, GBP, JPY, AUD, CAD, etc., for crypto purchases.
- Coinmama has several payment methods to purchase cryptos, such as Fedwire, Apple Pay, Sofot, SEPA, SWIFT, etc.
Cryptocurrencies Available on Coinmama
Some of the popular cryptos available in Coinmama are:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tezos (XTZ)
- Cardano’s ADA (ADA)
- EOS (EOS)
- Qtum (QTUM)
Pros and Cons of using Coinmama
Conclusion
As you saw, there are plenty of Kraken alternatives in the market. It is important to double-check the credibility, user reviews, and hidden fees of the exchanges while choosing the right one.
Based on our analysis to find the best Kraken alternative sites in 2024, we recommend Pionex for you.
There are plenty of reasons why we pick Pionex over the rest of the options.
- The availability of 16 free trading bots that work 24/7.
- No human errors and lags.
- Guaranteed machine-based trading.
- Extensive features that can guide beginners for trading
Pionex has support from BitUniverse. Also, it has received funding from ZhenFund and Gaorong Capital, two popular Chinese private investment firms.
We hope the article helped you choose the best Kraken alternative for trading. We wish you happy trading!
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Written by Thomas McGovern
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