6 Best Poloniex Alternatives in 2022 (Sites & Apps Like Poloniex.com)

Last Updated: September 12, 2022
We analyzed several crypto exchanges to find out the best ones that can be used instead of Poloniex. In this article, we aim to find out the best Poloniex alternatives.
Best Poloniex Alternatives
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The best Poloniex alternative in 2022, as found in our independent testing, is Pionex!


Cryptocurrencies are the next-generation major asset that can replace plenty of other investments in the market.

According to stats, more than 10,000 cryptocurrencies have created a $2 trillion market cap.

Experts believe that the crypto markets are highly unstable, and at the same time, they can produce huge profits.

So choosing the right crypto exchange is as important as choosing the best crypto to invest in.  

If you are using Poloniex and want to try another crypto exchange that can perform better in 2022, we can help you with the 6 best Poloniex alternatives. 

Poloniex is a good crypto exchange platform that supports 250+ cryptos and offers various other products, margin trading, and lending.

However, the decentralized exchange faced hacking in 2014, resulting in losing $4 million worth of Bitcoin. And their customer support has recently heard a lot of negative reviews as well. 

We analyzed several crypto exchanges to find out the best ones that can be used instead of Poloniex. 

In this article, we show the best Poloniex alternatives in 2022.

Best Poloniex Alternatives in 2022:

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

1. Pionex

image 114

One of the finest crypto exchanges that can be considered Poloniex alternatives in 2022 is Pionex. Established in 2019, Pionex became popular among traders due to its unique tech features.

Pionex offers free and integrated 16 trading bots to support traders to get the best investment outcome.

Pionex has achieved more than 100,000 traders in its platform, and it offers the help of about 100 crypto experts on board, including its CEO, Daniel Seng-Cheng YEO.

👉 Get Pionex FREE

Advantages of using Pionex

According to experts, Pionex is one of the few fast-growing cryptocurrency exchanges globally. It has several advantages over other crypto exchanges.

Let us provide you with some of them that make Pionex the best Poloniex alternative in 2022:

  •  Pionex trade bots are easy to operate without tech knowledge or coding.
  • It has achieved more than $30 million daily market trade volume
  • Bots reduce human interaction, errors, and delays and offer 24/7 trading that doesn’t depend on human emotions.

Cryptocurrencies Available on Pionex

Pionex offes more than 250 crypto coins in its platform.

Lets look into the top crypto coins in Pionex:

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

Pros and Cons of using Pionex

Pros
  • Presence of 16 free integrated trading bots with no coding customization requirements.
  • Low trade fees at 0.05%.
  • User-friendly desktop and mobile platform.
  • Supports 250+ cryptocurrencies.
  • Innovative liquidity engines from Binance and Huobi.
Cons
  • It doesn’t offer a demo account.
  • Withdrawl fees and other charges.
  • No Fiat deposits.
  • No Contact number for emergency support.

2. eToro

eToro

eToro made an innovative social trading application in 2010 that allowed people to copy the successful trades of top traders.

eToro was created in 2007 by Ronen Assia, David Ring, and Yoni Assia. The platform offered several advanced trading features on eToroX(eToro’s crypto exchange) for professional traders.

The CFD(Contract For Difference) platform can buy and sell more than 40 crypto assets on eToroX.

CFD from eToro was one of the first social trading networks in the international market. Based on our research, we recommend eToro as one of the best Poloniex alternatives in 2022.

Advantages of using eToro

The market value of eToro got tripled in a short span of 2 years during 2018-20. It has branches in several countries like Cyprus, Australia, the US, the UK, etc.

Major advantages include:

  • Mobile apps are available in Google Play Store and Apple App Store.
  • It offers a commission-free service.
  • Extensive customer care service
  • It supports 53 cryptos, 49 currencies, 2713 stocks, and 33 commodities.
  • In 2018, the company made $800 million market value which became $2.5 billion in the next 2 years.

Cryptocurrencies Available on eToro

eToro has a wide range of 264 ETFs, 53 cryptos, 49 currencies, 2713 stocks, and 33 commodities.

It has covered most of the major cryptos in the market, including:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Stellar Lumens (XLM)
  • Ethereum Classic (ETC)
  • Polkadot (DOT)

Pros and Cons of using eToro

Pros
  • Beginners can copy-paste the trading strategy of professionals.
  • Userfriendly platform with great features
  • Customers can choose between cryptocurrencies and crypto CFDs.
Cons
  • The fee structure is very complex to understand.
  • It doesn’t support automated trading strategies.
  • Limited research materials and tools compared to its peers.
  • High minimum trading requirements.
  • Special privileges for eToro club members who have reached higher positions in the Club.

3. Uphold

Uphold

Uphold is our third preference on the list of best Poloniex alternatives in 2022.

Launched in 2015 by Halsey Miner, it was created as an international multi-asset digital money platform that allows users to exchange currencies. Uphold is a “buy and hold” trading platform, unlike many other exchanges.

Some major Uphold branches are in San Francisco, London, Bragg, and Shanghai.

Uphold is one of the best options for beginners since the platform has buying process, simple features, and has educational content regarding crypto assets.

Currently, Uphold has services in 184+ countries, and the platform offers 80+ currencies (traditional and crypto) trading worldwide. 

Advantages of using Uphold

One of the unique features of Uphold is it allows traders to buy cryptocurrency along with US equities and precious metals.

Let’s check the advantages of Uphld that make it the best Poloniex alternative.

  • It has service in 184+ countries worldwide and branches in most US states.
  • It has completed over $4 billion in transactions since the beginning.
  • Uphold is a Cloud Computing-based platform that helps users move, convert, and transfer cryptocurrencies from any other traders to anywhere.
  • Users can trade across currencies without converting their assets back to cash. 
  • More than $930 million in cash transactions for more than 10,000 users worldwide.
  • It has 51 cryptos and utility tokens, 6 stablecoins, 27 national currencies, and 4 precious metals.
  • Uphold covers around 22% of all public Bitcoin exchanges worldwide.

Cryptocurrencies Available on Uphold

Uphold offers traders 27 national currencies, 80 cryptocurrencies, 50 US stocks, and 4 precious metals.

Some of the leading crypto coins available on Uphold are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Solana (SOL)
  • Litecoin (LTC)
  • Iota (MIOTA)
  • Ripple (XRP) 
  • Cardano (ADA)
  • Polkadot (DOT)

Pros and Cons of using Uphold

Pros
  • Uphold platform supports direct cross-asset trading.
  • It allows commission-free trading on every asset.
  • The mobile app of Uphold is simple
  • It is a cost-effective platform.
  • Availability of instant asset transfer option.
  • It is highly customizable and suitable for beginners.
  • Using Uphold, users can trade several assets.
  • Uphold platform offers Rewards credit cards.
  • Available globally in over 184 countries
Cons
  • A limited number of assets in the platform
  • Uphold has a High spread fee.
  • Least organized education section for learners.
  • Uphold has a limited set of cryptocurrencies.
  • Non-friendly customer care support.

4. Binance

image 115

Binance crypto exchange is one of the largest crypto exchanges. The platform has plenty of charting tools and other features with low trading fees.

Its services are available in 180+ countries. After China banned crypto trading and exchanges, Binance was moved to Japan, and its holding company is in the Cayman Islands. 

Advantages of using Binance

The platform’s design is user-friendly and has a decent customer support option.

Some of the most noted Binance advantages are:

  • It supplies various order types: stop order, stop-market order, stop-limit order, and trailing stop order.
  • Binance platform has close to 500 cryptocurrencies available for trade on its exchange.
  • The Fees rates for trades of all kinds are much lower, and the platform deposits are normally free. 
  • It contains various trading tools, including real-time charting with exponential moving averages.
  • Binance supports Fiat currencies like AUD, USD, EUR, GBP, INR, HKD, etc.

Cryptocurrencies Available on Binance

Some of the major Binance exchange cryptos are:

  • Cosmos (ATOM)
  • VeChain (VET)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • Cardano (ADA)
  • Harmony (ONE
  • Matic Network (MATIC)
  • Compound (COMP)

Pros and Cons of using Binance

Pros
  • It has a massive coin selection.
  • It supports 65 tradable cryptocurrencies for traders in the US.
  • Very low fees compared to other competitors, making it affordable for traders to keep more of their investment and earnings.
  • The rate of instant and non-instant acquisition fees in Binance is low.
  • It supports several trading options such as spot trading, peer-to-peer trading, margin trading, etc.
Cons
  • Limited service in the US due to various regulatory issues.
  • Binance has a complex user account verification setup.
  • Not a transparent corporate structure.
  • Confusing for beginners.
  • It doesn’t have a built-in digital wallet available.

5. Coinmama

image 116

Coinmama is a simple platform for crypto-financial services. It is registered as a Slovakian firm with its headquarters in Ireland.

Laurence Newman, Nimrod Gruber, and Ilan Schuster are the Coinmama founders, and it was launched in 2013.

The company has three million verified customers and is available in 190+ countries. 

Advantages of using Coinmama

Several advantages make Coinmama one of the best Poloniex alternatives in 2022.

We shall list a few here:

  • Customers can freely insert the exact amount of USD, EUR, GBP, JPY, CAD, AUD, etc., for crypto purchases.
  • It supports Bitcoin purchases using Debit and Credit cards.
  • Coinmama has several payment methods to purchase cryptos, including Apple Pay, Fedwire, Faster Payments, SEPA, SWIFT, and Sofot.
  • Service in 190+ countries, including 48 US states, and the platform regularly updates its crypto-list and supports alternative payment methods.

Cryptocurrencies Available on Coinmama

It supports crypto purchases with Fiat money.

Let’s list a few prominent crypto coins in the Coinmama platform:

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

Pros and Cons of using Coinmama

Pros
  • The platform is beginner-friendly.
  • Fast verification procedure.
  • Coinmama supports the purchase of cryptocurrency with multiple Fiat money.
  • High spending limits.
  • No additional fees for the withdrawal of coins.
  • Coins are delivered within minutes of purchase.
Cons
  • The detailed verification process breaks the customer anonymity.
  • No wallet for Coinmama.
  • It asks for high fees.
  • Only a limited currency selection.
  • Compared to some of its peers, the number of cryptos on offer is few.

6. Coinbase

image 117

Coinbase is a reputed and trusted cryptocurrency exchange in the US that can be opted as an alternative for Poloniex in 2022.

Launched in 2012, Coinbase focused on trading Bitcoin during its early days. And later started housing plenty of cryptocurrencies on its platform.

Coinbase has more than 73 million users in 100+ countries. It is a decentralized company with 10,000 institutions and 185,000 ecosystem partners.

Advantages of using Coinbase

There are plenty of advantages to using Coinbase exchange. We have prepared a small list for you.

  • Simple and beginner-friendly.
  • It offers institutional custodial accounts and a cryptocurrency wallet.
  • The original platform can be used for simple buy and sells orders.
  • Advanced users can utilize additional features and order types through Coinbase Pro. 
  • Coinbase has a powerful cryptocurrency ecosystem that supports around 10,000 financial institutions.
  • Around $327 billion trade volume in Coinbase per quarter. 

Cryptocurrencies Available on Coinbase

Coinbase has a huge crypto coin collection.

Some of them are:

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Algorand (ALGO)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Shiba Inu (SHIB)
  • Cardano (ADA)
  • USD Coin (USDC)
  • Polkadot (DOT)
  • SushiSwap (SUSHI)
  • Stellar Lumens (XLM)
  • Solana (SOL)

Pros and Cons of using Coinbase

Pros
  • It has plenty of educational videos and articles.
  • Service is available in more than 100 countries.
  • It offers an extremely easy-to-use exchange.
  • Coinbase Pro offers comparatively Lower pricing.
  • Higher liquidity rate.
  • Well structured mobile apps
  • Over-the-counter purchase and custodial offerings for institutions
  • Most crypto in Coinbase is stored in “cold wallets”(offline).
  • It provides insured cryptocurrencies.
Cons
  • Doesn’t permit to trade of many altcoins.
  • No control over wallet keys.
  • Coinbase is expensive.
  • Customer service is facing several complaints from traders.

Conclusion

Every day new cryptos are emerging, and exchanges are regularly updating their platforms to attract more traders.

There is tough competition in the crypto market among crypto exchanges to prove who is the best.

During our research and analysis to shortlist the 6 best Poloniex alternatives in 2022, we noted that Pionex is the best crypto exchange platform currently available.

Our analysis covered key features of Pionex, cross-checked with its competitors, and here are the points that make the platform unique from the rest of them.

  • Lowest fees (0.05%). It doesn’t change with the trading volume.
  • Sixteen trading bots are free and highly trained to handle various trade situations.
  • The Pionex interface is easy to use and understand.
  • There is no monthly fee for usage, and it comes with various features.
  • It has good security.

However, we recommend you check the facts yourself before choosing the best option suited for your style.

We will soon come up with more such content that can help you learn more about crypto exchanges.

Till then, happy trading.

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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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