8 Best Paxful Alternatives in 2022 (Sites & Apps Like Paxful.com)

Last Updated: September 12, 2022
Let’s look at the best Paxful alternatives and similar sites to try in the industry right now.
Best Paxful Alternatives
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In a hurry?
The best Paxful alternative in 2022, as found in our independent testing, is Pionex!


If you’re new to crypto and want to explore Paxful alternatives, or if you have used Paxful and want to find other sites like Paxful, but with better features, this article is for you.

In the ocean of crypto exchange sites available online, we have listed the top Paxful alternatives that you can check out.

To explain cryptocurrencies in a nutshell, they are digital currencies that use cryptography to keep transactions safe, anonymous, and irreversible.

Cryptocurrency is different from traditional (or fiat) currency as users are in control of the currency they hold, i.e., it is decentralized, unlike fiat currency which the bank and government usually regulate.

Cryptocurrencies have become so powerful that many people believe they will destroy banks and overhaul the entire financial system.

Even though a lot of people disagree with this and consider crypto to be worthless, the rising popularity of crypto cannot be ignored or underestimated.

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Let’s look at the 8 of the best Paxful alternatives to try in 2022:

  1. Pionex – 🏆 Winner!
  2. eToro
  3. Uphold
  4. Binance
  5. Coinbase
  6. Kraken
  7. WazirX
  8. Crypto.com

Best Paxful Alternatives in 2022

1. Pionex

Pionex

Don’t want to miss out on a single opportunity of trading in crypto, even when you’re asleep? Look no further than crypto trading bots.

Crypto trading bots work on algorithms and programs designed to automate trading.

Since the crypto market is volatile and the fact that it is humanly impossible for anyone to monitor the market 24×7, crypto trading bots will do the work for you automatically. 

If you would like to start trading in crypto with bots, Pionex is one of the best Paxful alternatives to check out.

👉 Get Pionex FREE

Crypto trading bots require to be programmed based on complex coding and crypto knowledge, but Pionex comes to your rescue by offering 16 free built-in trading bots.

In fact, it is the world’s first site that offers free and integrated trading bots. Today, Pionex is one of the fastest-growing crypto exchanges, especially in Asia.

It registers over $30 million dollars in volume per day, despite starting operations very recently in 2019.  

Cryptocurrencies Available on Pionex

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

Pros and Cons of using Pionex

Pros
  • No prior knowledge/experience required to start trading with bots
  • Simple, intuitive, and customizable user interface
  • Cost-effective, low trading fees
  • Access to 120+ cryptocurrencies
Cons
  • No fiat currency deposits or withdrawal, only crypto-to-crypto transactions are allowed
  • No demo mode where you can first test how to use bots

2. eToro

eToro

eToro started out in Tel Aviv in 2007. It first operated as an online forex broker and also traded in indices stocks and commodities.

However, unlike many other brokerages, it supported crypto trading back in 2014 itself.

In today’s competitive crypto market, eToro is a trusted exchange and continues to attract more users due to its beginner-friendly and interactive platform.

If you think trading is an individual activity and it is your personal responsibility to figure everything out, then you’re wrong.

eToro, another Paxful alternative, allows ‘social trading’ between users so that everyone can learn from each other.

Another specialty of eToro is the ‘CopyTrader’ feature.

This feature is beneficial for beginners in the crypto market, as they get to copy the moves of successful investors and learn how the crypto market works.

eToro offers trading in only 30 cryptocurrencies.

However, this does not seem to be a hindrance, as the most popular and valuable cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Dash, Litecoin (LTC), etc., are available on eToro.

Moreover, eToro has two different platforms – the online eToro Cryptocurrency Trading platform, where you can invest in cryptocurrencies and the eToro Money wallet, where you can transfer the cryptocurrencies and convert them to coins. 

Cryptocurrencies Available on eToro

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Stellar Lumen (XLM)
  • Chainlink (LINK)
  • Cardano (ADA)

Pros and Cons of using eToro

Pros
  • Demo mode to try out all of eToro’s features with a $100,000 virtual portfolio
  • Straightforward fee schedule
  • eToro Money wallet to safely store your coins
  • Has regulatory licenses in the U.K., Europe, and Australia
Cons
  • High minimum trading requirements (at least $25 to start trading)
  • $10 monthly fee after a year of inactivity
  • Live Chat feature not accessible to members not part of eToro Club (a loyalty program for members with a realized equity of $5,000 or more)

3. Uphold

Uphold

Another well-known Paxful alternative is Uphold. What makes Uphold unique is that it is a multi-asset trading platform that is not limited to just crypto trading.

Apart from 70+ cryptocurrencies, users also have the space to trade in 27 national currencies, 50 U.S. stocks, and 4 precious metals (the numbers keep increasing).

Uphold believes in an “Anything to Anything” trading experience, where you can trade one asset for another. For example, you can buy Apple stocks with Bitcoin.

This also means that you don’t have to convert your assets back to cash in order to invest in something else. 

Uphold was launched in the United States in 2015, and today it is used in more than 180 countries and has generated more than $4 billion in transactions.

Along with its trading platform, Uphold has its own payment connectivity service to protect users from the volatile crypto market, as they can instantly convert their digital currency to fiat currencies.

Uphold also prides itself on being one of the first digital wallets to integrate with XRP (Ripple) cryptocurrency, one of the industry’s most valued cryptocurrencies. 

Cryptocurrencies Available on Uphold

  • Bitcoin (BTC)
  • Solana (SOL)
  • Ethereum (ETH)
  • Litecoin (LTC)

Pros and Cons of using Uphold

Pros
  • Cross-asset trading
  • Fractional investments in expensive stocks with minimum $1
  • New Autopilot feature where you can schedule your investments
  • Cost-effective, zero account, ticket, custody, and dormancy fees
Cons
  • Geographical restrictions on access to different assets
  • Educational resources not at par with other sites

4. Binance

Binance

If you’re well-versed with the happenings of the crypto world, then you most probably would have heard of Binance.

Even if you aren’t much into crypto, there is a high chance that you would’ve stumbled upon Binance.

Binance is a crypto exchange site like Paxful, but more popular.

In fact, Binance is cited as the world’s largest crypto exchange and tops the list in daily trading volume and liquidity.

What makes Hong Kong-based Binance so popular, you may wonder?

For one, Binance is lauded for its sophisticated all-in-one platform, right from a smooth account creation process, to very low trading fees, to advanced trading tools for experienced investors.

Many crypto exchanges focus on promoting only the popular currencies like BTC, ETH, Litecoin, etc. 

Binance, on the other hand, has hundreds of altcoins on its platform. And that’s not all. The company also launched its own cryptocurrency called Binance Coin (BNC).

Since its launch in 2017, BNC has made its mark among crypto investors and is considered a lucrative currency to invest in. 

Cryptocurrencies Available on Binance

  • Cosmos (ATOM)
  • Dogecoin (DOGE)
  • VeChain (VET)
  • Litecoin (LTC)
  • Bitcoin (BTC)
  • Ethereum (ETH)

Pros and Cons of using Binance

Pros
  • 0.1% trading fees, one of the lowest in the market
  • Hosts a wide range of cryptocurrencies, high chance that even an unpopular cryptocurrency will be found here
  • Offers multiple services apart from crypto trading, such as their own debit cards and Trust Wallet
Cons
  • Banned in the U.S. (US citizens instead use its offshoot called Binance U.S.), legal and regulatory concerns in other countries as well
  • Platform may be daunting for beginners and first-time investors

5. Coinbase

Coinbase

Some of you might fear investing in crypto after hearing of fraudulent coins or crypto scams. A Paxful alternative that takes safety and security very seriously is Coinbase.

Coinbase assets are insured in the case of theft or hacking, so if such an unfortunate event occurs, you won’t be losing money.

Coinbase also introduced Coinbase Custody in 2019, where you can hold your crypto assets in completely offline and cold-storage wallets.

Another factor that makes Coinbase a noteworthy Paxful alternative site is that it is the first U.S. crypto exchange platform to go public, which eradicates the concerns of users on issues related to trust, regulation, and transparency.

Coinbase is also well-regarded for its user-friendly interface and the “earn while you learn” feature, where you can earn free crypto after completing certain learning modules.

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
  • Offers two platforms – original Coinbase and Coinbase Pro for users who want to up their crypto game
  • Attractive selection of cryptocurrencies
  • Top quality educational investment resources
  • Very easy to use, simple UI, multiple payment and withdrawal options
Cons
  • Higher trading fees and difficult-to-understand fee structure
  • Transactions are tracked and users don’t have control their private coins, which many believe to be against the decentralized nature of crypto

6. Kraken

Kraken

“The older, the wiser” is a common belief. So, if you’re looking for a wiser Paxful alternative, Kraken would be a good option.

This crypto exchange was founded in 2011 and launched in 2013.

What is most notable about this platform is that it has never fallen victim to hackers, despite being in operation for around a decade.

This is an accomplishment that even safety-focused site like Coinbase cannot boast of. 

Kraken also attracts seasoned and experienced traders due to its advanced trading features like margin and futures trading.

Additionally, Kraken gives you the option to stake your coins and earn an additional passive income from your staked assets.

Cryptocurrencies Available on Kraken

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Ripple (XRP)

Pros and Cons of using Kraken

Pros
  • Low account minimum to start investing, and one of the lowest crypto trading fees in the industry
  • Margin and futures trading, although risky, can yield additional buying power (high risk, high reward)
  • Allows Dark Pool trading for large traders whose trades are not visible to others in the market
Cons
  • Not beginner-friendly
  • Unsatisfactory customer service

7. WazirX

WazirX

If you’re looking for a P2P (peer-to-peer) crypto site like Paxful, then we would highly recommend WazirX.

WazirX is an Indian-based crypto exchange (integrated with Binance) that was created to help the billion-plus Indian population enter the world of crypto.

Today, WazirX is open to crypto investors all over the world. WazirX’s greatness doesn’t lie in P2P crypto trading but automatic P2P trading.

This means that if you want to sell crypto to someone at a certain price, instead of manually searching for a buyer, WazirX will automatically connect you to the buyer based on the quoted price.

WazirX P2P is the world’s first auto-matching P2P trading facility.

The P2P trades on WazirX have crossed more than a billion. Additionally, WazirX has introduced its own token, WRX, for long-term users of the platform.

Cryptocurrencies Available on WazirX

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • MATIC
  • Dogecoin (DOGE)
  • Shiba Inu (SHIB)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Tron (TRX)

Pros and Cons of using WazirX

Pros
  • Beginner-friendly
  • Multiple payment and withdrawal options
  • WazirX referral program where you can refer and earn 50% commission on every trade
  • Good range of cryptocurrencies
Cons
  • Not many advanced features for experienced investors
  • No crypto lending feature

8. Crypto.com

Crypto.com

A Paxful alternative site, which is not just a site, but an entire crypto ecosystem, is Crypto.com.

On Crypto.com, you can do way more than just sell and buy cryptos, such as earn interest and rewards, own a visa card that can be topped up with fiat or crypto, access NFTs (Non-Fungible Tokens), swap and farm DeFi (Decentralized Finance) coins, and much more. 

With low fees, tight security, and its efficient all-in-one platform, Crypto.com is one of the fastest-growing crypto exchanges, with more than 10 million users.

It also has its own Crypto.com coin (CRO), which comes with multiple additional benefits (apart from the ones already offered), such as a higher cashback (cryptoback, actually), up to 8%, on the more CRO you stake. 

Cryptocurrencies Available on Crypto.com

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • EOS
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Stellar Lumen (XLM)
  • Ripple XRP (XRP)

Pros and Cons of using Crypto.com

Pros
  • One-stop-shop exchange
  • Low fees
  • Easy to convert money to crypto (option to convert multiple fiat currencies)
  • Earn interest on the crypto you save
Cons
  • Negative customer service reviews
  • Lack of educational resources
  • Difficult to navigate the platform

Conclusion

The crypto industry is advancing rapidly. To match the pace of this growth, we need to constantly upgrade the technology we use. This is where the importance of automation comes into the picture.

Based on our research, Pionex is the platform where there is a fusion of trading and automation.

The automated crypto trading bots on Pionex are programmed to analyze market data, predict risks, and facilitate the buying and selling of crypto at the right time during the right market conditions.

Thus, if you desire to be active in the crypto market at all times and not miss a single opportunity, Pionex is the best alternative that serves your purpose.

Let’s hope that 2022 is the year you successfully work your way into the exciting world of crypto and the list of best site like Paxful will ensure you’re set on the right track.

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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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