7 Best OKEx Alternatives in 2022 (Sites & Apps Like OKEx.com)

Last Updated: September 12, 2022
If you are trying to find sites like OKEx, we can provide you with the most popular cryptocurrency exchange options available. Let’s look at the best OKEx alternatives to try.
Best OKEx Alternatives
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In a hurry?
The best OKEx alternatives in 2022, as found in our independent testing, is Pionex!


Have you made your way here seeking the best OKEx alternatives in 2022?

Cryptocurrencies have risen from not being acknowledged to being accepted for payments.

Though only a few governments have accepted them as official payments, In 2020, around 2000 American businesses started accepting cryptocurrencies.

Plenty of sites and apps have been developed for this purpose (more than 100!), and it can be confusing navigating through them and finding the right one.

OKEx is one of the many. It was founded in 2017 and listed among the very first cryptocurrency exchange platforms.

The platform has gained many users since its launch date. But since US citizens find a hard time using it, the search for alternatives started gaining popularity.

This article is designed to help you figure that out! Here we bring 7 OKEx alternatives to try in 2022.

image 118

Let us have a look at the best OKEx alternatives to try in 2022:

  1. Pionex – 🏆 Winner!
  2. eToro
  3. Uphold
  4. Binance
  5. Poloniex
  6. Coinbase
  7. Coinmama

Best OKEx Alternatives in 2022

1. Pionex

image 119

Kicking off our list of best OKEx alternatives, we’ve scraped the most suitable option for you called Pionex. Founded in 2019, it bagged a unique technology to fall in love with.

Pionex has been gaining in popularity, and all for good reasons. Their investment fee is low and is good for those who opt for low-risk investments.

👉 Get Pionex FREE

Pionex can be used manually or by trade bots. The trade bots are their primary product, and there are 18 of those available, out of which access to 12 is absolutely free.

Does that make you wonder how trade bots can help? Well, in that case, here are the basic advantages that you can expect.

  • They reduce human errors
  • These trade bods don’t need monitoring 24/7 as most cryptos need
  • They can be customized according to particular needs
  • Because it is automatic, it removes emotional errors completely 
  • Trade bots make rabid transactions that are faster than humans can make.

Some of The Trading Bots

  • Leverage grid bot- for up-trend market condition
  • Reverse leverage grid bot- for down-trend market condition 
  • Smart trade- to schedule buying or trading of a commodity 
  • DCA bot- for splitting total investments into small portions 

Available Cryptocurrencies on Pionex

  • Bitcoin(BTC)
  • Litecoin(LTC)
  •  Ethereum(ETH)
  •  Uniswap(UNI)
  • Dogecoin(DOGE)
  • USD Coin(USDC)
  • Tether(USDT)
  • BEAM 

Pros and Cons of using Pionex

Pros
  • It uses trading bots which reduces errors and doesn’t need to be checked frequently
  • It has a fully functional app
  • More than 250 cryptocurrencies are accepted
  • It supports the Money Services Business (MSB) license by US FinCEN.
  • It is user friendly
  • It is good for low-risk investments
  • The fee is low compared to other cryptocurrency exchange platforms
Cons
  • It does not accept fiat money.
  • This is the only big disadvantage of Pionex, as people wanting to join into cryptocurrency but don’t have any crypto can’t have an account as only people who can trade here are people having cryptocurrency.
  • Has withdrawal fees
  • No demo account
  • Another noticeable disadvantage is that it doesn’t have a demo account, so if someone is just starting into this, they should read thoroughly through how it works.

2. eToro 

image 120

eToro is another successful platform for cryptocurrency trading and exchange. With more than 40 cryptocurrencies available interested investors can seamlessly conclude the buy and exchange process.

The main feature that eToro has is that users can copy trading patterns of their favorite investor without any additional fee which makes it an effecient OKEx alternative.

eToro was established in 2007 and added cryptocurrencies to the platform in 2014.

Their main feature is the copy trading option which lets the user copy an investor they want whose investments seem profitable to them; they can add in the copy trading option without any additional fee.

The fee structure is simple but can get complex as different fees are applicable. Users on eToro can seamlessly interact which each other. Everything and more presents eToro as a promising site like OKEx.

Cryptocurrencies Available on eToro

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Dash (DASH)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Solana (SOL)
  • Stellar Lumens (XLM)

Pros and Cons of using eToro

Pros
  • eToro has commission-free stock trading
  • The account opening process is fast and seamless
  • Social interaction
  • Copy traders let you copy strategies of other traders
Cons
  • The non-trading fees are high; they have fees for withdrawal and inactivity.
  • Currency can be only in USD
  • In the US, Etoro can be solely used for crypto exchange, and that too in 43 states; it does not operate for all states.
  • Customer service needs improvement.

3. Uphold 

image 121

With Uphold you’re looking at another promising OKEx alternative. Uphold is a platform meant for hassle-free crypto exchange.

The good thing about Uphold is that it offers multi-asset digital money transactions globally. The fact that Uphold is a great one for beginners, tags up with a plus point.

Along with crypto, other assets can also be bought from here like precious metals, and users can transfer an asset to another without a broker.

Uphold though overall is an excellent platform, for crypto users whose main aim is to trade, won’t find the best place because, unlike Pionex where they have trade bots that do the trading for you and eToro, which has the copy trader utility, uphold does not have something that focuses on trading particularly.

Cryptocurrencies Available on Uphold

  • Bitcoin (BTC)
  • Ethereum (BTH)
  • Aave (AAVE)
  • Polygon (MATIC)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Dash (DASH)

Pros and Cons of using Uphold

Pros
  • It has more than 50 cryptocurrencies
  • Its asset-to-asset feature is something other platforms don’t offer.
  • There are no account trading fees.
Cons
  • US citizens can’t buy US stocks
  • It does not have the Live Chat interface
  • Because their fee structure is not clear, it can be confusing as to how much they’re taking in fees.
  • It does not have automated trading.

4. Binance 

Binance

No need of real introduction, Binance is a popular name in the trading industry. It one of the top platforms for cryptocurrencies, with available cryptocurrencies flowing over the 370 mark.

However, just for the US market, it might not be the best option. In fact Binance has been banned in the US, while thankfully there exists a workaround.

Binance.US is what US citizens can make use of. It is crucial for you to remember that, compared to the original version, the latter packs limitations such as only 60 cryptocurrencies available.

It does have peer to peer trading options, so buyers and sellers can directly trade.

Cryptocurrencies Available in Binance

  • Dash (DASH)
  • Cosmos (ATOM)
  • Compound (COMP)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Cardano (ADA)

Pros and Cons of using Binance

Pros
  • Binance is one of the largest trading sites
  • This site, like OKEx bags low fees
  • Boasts of hundreds of cryptocurrencies
  • Among the best OKEx alternatives that offer a number of trading tools
  • Peer to peer trading
Cons
  • It is a little complex and is best for advanced users
  • The biggest issue would be that the US version has limited services Compared to the global one
  • It is facing regulatory issues, and the US is investigating it.

5. Poloniex 

image 5

Poloniex is another great OKEx alternative that deserves your attention. It is one of the major crypto platforms which was founded in 2014.

It offers margin trading, lending, etc. alongside a huge number of cryptocurrencies where the availability sits more than 250.

It has a basic crypto exchange for newcomers with flexible trading functionality and has active trading for advanced users; people who have experience with cryptocurrency would prefer a time trading.

The major setback is that it’s not available in the US because of some security issue. 

Cryptocurrencies Available on Poloniex

  • Bitcoin (BTC)
  • Ripple (XRP)
  • Polkadot (DOT)
  • Shiba Inu (SHIB)
  • Ethereum (ETH)
  • BOBA Boba Network
  • BOND BarnBridge
  • BP BunnyPark

Pros and Cons of using Poloniex

Pros
  • It packs brilliant options for beginners and advanced users
  • A pleasing OKEx alternative that features Low trading fees
  • Crypto to crypto trading is made seamlessly possible
  • More than 250 currencies
  • Among the sites like OKEx that accepts fiat money
Cons
  • It is not available in the US
  • Poloniex has been hacked once, so security can be questioned
  • The customer support is poor needs to be improved

6. Coinbase

Coinbase

Another great alternative for OKEx would be Coinbase. It was launched in 2012 with the main function of trading bitcoin; over the years, it has accumulated 100s of cryptocurrencies and is one of the US’s top crypto exchange platforms.

It is easy to use and has educational material to help out people who are new to crypto. A novel way to earn at Coinbase is making the earning learning walk side-by-side.

You can do that watching videos of how crypto works, and how to trade in it. Users also get some cryptocurrencies while learning which is again a plus point.

Cryptocurrencies Available on Coinbase

  • Bitcoin (BTC)
  • Shiba Inu (SHIB)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Algorand (ALGO)
  • Polkadot (DOT)

Pros and Cons of using Coinbase

Pros
  • Beginner-friendly OKEx alternative
  • Coinbase is a popular platform with more than 100 cryptocurrencies
  • 2 dollars is the minimum trade, which makes it a flexible option
  • All user-base crypto is insured
  • You can start learning and earning at the same time.
Cons
  • High fees compared to other platforms
  • Though Coinbase has 100 cryptocurrencies, some big ones are missing.
  • All the special sets of features are expensive.

7. Coinmama

image 122

Wrapping up the list of best OKEx alternatives, we’ve got Coinmama. It came to the scene back in 2013; its service is available in 190 countries and 48 states of the US; it is constantly updating its crypto list and has alternative payment methods.

It does not support crypto to crypto exchange, only fiat to crypto. User to User transactions are not available; all transactions are between Coinmama and users.

They also do not have wallets, which does reduce the chance of being hacked, but users will have to create a wallet from somewhere else to store their crypto.

It was one of the first platforms to support bitcoin purchases using debit and credit cards. It also has several payment methods like Fedwire, SWIFT, Apple Pay, etc.

Cryptocurrencies Available on Coinmama

  •  Bitcoin (BTC)
  •  Ethereum (ETH)
  •  Litecoin (LTC)
  • Cardano’s ADA (ADA)
  • Ethereum Classic (ETC)
  •  Bitcoin Cash (BCH)
  •  EOS (EOS)
  • Tezos (XTZ)
  •  Qtum (QTUM)

Pros and Cons of using Coinmama

Pros
  • Several payment methods
  • Coinmama is an OKEx alternative that is simple to use
  • Security threats are relatively low
  • High spending limits make Coinmama a flexible option
Cons
  • It does not support crypto to crypto transactions.
  • High fees compared to other platforms.
  • Cryptocurrency options are low.
  • Users can’t be anonymous.
  • No wallet
  • Compared to what other platforms have to offer, Coinmama is a little lagging, but for beginners, it’s a great place to start.

Conclusion

That’s all about the best OKEx alternatives to try in 2022. These alternatives were analyzed based on many parameters such as feed rates, availability of cryptocurrencies, user-friendliness, efficiency, etc.

After looking through all of them, we would suggest Pionex as the best option, and here are the reasons why

  • The fee rate is low- there are other platforms with low feed rates too, but Pionex has more to offer alongside the low fee rate.
  • Trade bots come out as winners. Undoubtedly the embedded technology of trade bots is very efficient and helpful for beginners and also for the people who don’t have much time keeping the updates to their corner.
  • It has a wide range of features. 
  • The number of cryptocurrencies available is quite high. 
  • It does not have security issues and is available for the US-based audience.

With that, we’re done wrapping up our recommendations. We made sure you’re well aware about all the best options.

However, before investing in any site, be sure to be thorough about them.

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Written by Jason Wise

Hi! I’m Jason. I tend to gravitate towards business and technology topics, with a deep interest in social media, privacy and crypto. I enjoy testing and reviewing products, so you’ll see a lot of that from me here on EarthWeb.
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