BEST CRYPTO EXCHANGES
In a hurry?
The best Poloniex alternative in 2023, 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 2023, 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 2023.
Best Poloniex Alternatives in 2023:
1. Pionex
One of the finest crypto exchanges that can be considered Poloniex alternatives in 2023 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.
- 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
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 2023:
- 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
2. 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 2023.
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
3. Uphold
Uphold is our third preference on the list of best Poloniex alternatives in 2023.
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
4. Binance
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
5. Coinmama
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 2023.
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
6. Coinbase
Coinbase is a reputed and trusted cryptocurrency exchange in the US that can be opted as an alternative for Poloniex in 2023.
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
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 2023, 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
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