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Author Topic: 8 of the best Binance alternatives  (Read 539 times)
bgaf
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January 26, 2020, 04:10:38 AM
 #61

That is so impossible mate. Binance has secured its reputation amongst the market and around the globe. I dont think they would close with abrupt reason. Can you imagine how CX aside from a number 1 exchange do a lots of donation on their Binance Charity? Many will protest if this exchangw will likely to close. The list is good but I dont see bithumb global on the list? One of also good exchange and huge volumes.
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January 26, 2020, 04:13:36 AM
 #62

I think many of use on here use Binance fairly often. And I think they are one of the best cryptocurrency exchanges in the world. Great trading volume, selection of cryptos, smart innovations like the SAFU fund, etc.
But I think it is important for beginners to experts alike to not get stuck using one crypto exchange only!

What happens if that exchange closes down, goes down temporarily, it is affected by regulations in your country (read Binance and the U.S), etc,etc.

So with that in mind we had a look into some of the best alternatives to Binance when it comes to crypto exchanges and made this list. Now it is hard to find a list of perfect cryptocurrency exchanges! And some of you might have had bad experiences with some of these. But overall these are some of the most popular exchanges with similar traits like Binance!

The top 8 Binance alternatives are:
In no particular order!!! Smiley Important to note!

1. Bittrex
2. KuCoin
3. Kraken
4. OKCoin
5. OKEx
6. Coinfalcon
7. Huobi
8. Gate.io

What's your favourite exchanges? That are also fairly similar to Binance?

Find the full post here https://gocryptowise.com/blog/best-binance-alternatives/

Not sure whether you should include Gate.io and Coinfalcon. I have not heard about Coinfalcon and Gate.io has been in the news in the past for wrong things.

Still Binance is the number one exchange in terms of volume and has the largest user base. You can also add coinbase to the list of exchanges.

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January 26, 2020, 05:04:23 AM
 #63

You have good list but I prefer use Binance and Kucoin as my primary option and local exchanges near me to switch crypto into currency. That exchanges has good reputation and as users mostly we see from coin list, volume and KYC program. Binance become popular because have active promotion using IEO and competition, by the time they will pass all exchanges and become number one. If Binance want to combine or work together with another exchanges that have different platform that good for promotion.

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January 26, 2020, 06:04:36 AM
 #64

You have good list but I prefer use Binance and Kucoin as my primary option and local exchanges near me to switch crypto into currency. That exchanges has good reputation and as users mostly we see from coin list, volume and KYC program. Binance become popular because have active promotion using IEO and competition, by the time they will pass all exchanges and become number one. If Binance want to combine or work together with another exchanges that have different platform that good for promotion.
well of the many exchange places they mentioned that only a few that I use because of the volume of coin price movements and the trust of the exchange place to be the main value of every existing exchange place, at this time I only use the Binance exchange to trade because in my opinion at the place Binance exchange can give you a lot of profit because it has a very fast price movement and there are many alternative coins that can make it easier for traders to choose their altcoin favorites.

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January 26, 2020, 06:50:04 AM
 #65

If I going to choose as an alternative exchange for Binance maybe I will go with Bitrexx and this exchange was recommended by my friend. So far, I only have two exchange account which are Binance and Bitrexx but most of my trading activities are in Binance. Then, I have some plan to explore more exchanges because my goal this year is to learn more new things about trading and choosing good exchange or trading platform is one of the characteristics of a good trader.
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January 26, 2020, 08:46:53 AM
 #66

The top 8 Binance alternatives are:
In no particular order!!! Smiley Important to note!

1. Bittrex
2. KuCoin
3. Kraken
4. OKCoin
5. OKEx
6. Coinfalcon
7. Huobi
8. Gate.io

What's your favourite exchanges? That are also fairly similar to Binance?

Find the full post here https://gocryptowise.com/blog/best-binance-alternatives/


I agree with the top you made as an alternative for Binance, less Coinfalkon, where the trading volume is not so good. Rather there, in the top, also enter Yobit, which is an interactive exchange. But any of them can ban investors from a particular country at any given time.
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January 26, 2020, 11:13:01 AM
 #67

We have to realize that good exchange changeable as time goes by, I wont stuck in one exchange and dont have favorite exchange
All I care is the exchange is good for the time and can let me trade well. that's all

Poloniex was best exchange in the past, it had high volume and many users. but the time has changed, it lost many users too
it also can happen in others exchange which is the best now, Binance.

 
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January 26, 2020, 11:51:21 AM
 #68

I wouldn't call these alternatives at all.

Most people use Binance because of the fact that they offer anonymous accounts (or at least you don't need to provide all the KYC and all that jazz) for people that comply with up to a certain limit of withdrawal per day (currently 2BTC, IIRC).

Bittrex and others used to do that but regulatory changes have forced most of the exchanges on the list to stop with that business model, but instead, shift to a model where all traders are forced to identify themselves before they can even place orders in the altcoin markets.

So yeah, not a great list in that sense. The rankings also seem very arbitrary.

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January 26, 2020, 12:14:44 PM
 #69

I don't think that bittrex is good enough at the moment, so I might filter out some of the exchangers that you mentioned, so from the 8 exchangers mentioned, it's likely that exchangers that could be alternatives to binance are Okex, Kucoin, and Huobi. it is an exchanger that I often use, and for some other exchangers that are mentioned are quite foreign to me.

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January 26, 2020, 12:36:09 PM
 #70

I like bittrex,Kucoin,Hotbit,cointiger most. There are other good exchanges beside this one but I personally used these exchange for trade so I can say that these are some top exchange right now.

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January 26, 2020, 01:00:28 PM
 #71

I don't think that bittrex is good enough at the moment, so I might filter out some of the exchangers that you mentioned, so from the 8 exchangers mentioned, it's likely that exchangers that could be alternatives to binance are Okex, Kucoin, and Huobi. it is an exchanger that I often use, and for some other exchangers that are mentioned are quite foreign to me.
I think that those exchanges that were named in this list are not alternative at all. as a rule, they are used only because there are those services that are not on Binance or some coins that are not listed on Binance. An alternative is when there is the same thing but you just like it more. if on Binance would be all the same coins that are on Kucoin, then I think that no one would use Kucoin.






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January 26, 2020, 01:13:48 PM
 #72

I like bittrex,Kucoin,Hotbit,cointiger most. There are other good exchanges beside this one but I personally used these exchange for trade so I can say that these are some top exchange right now.
I have never used cointiger, so I cannot evaluate this exchange as accurately as possible. But at the moment, Bittrex, Kucoin, Hobit are not the best choice. These are the worst exchanges in this market and very few people use it, I used to use these exchanges and I abandoned them soon after, too badly compared to other exchanges.

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thesmallgod
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January 26, 2020, 02:21:21 PM
 #73

Coinfalkon is not the best exchange you mentioned because they only have 10BTC for volume, so this is far from the best exchange in my opinion. https://coinmarketcap.com/exchanges/coinfalcon/
To be honest, I only heard about this exchange now that you mentioned it in this thread.
I don't think because they have a low trading volume, they can be said not to be a good exchange. Latoken have huge trading volumes but it is no more news that Latoken is a worst exchange and cancer to cryptocurrency at large. A few years ago, research was conducted and posted somewhere on the internet revealing how many of the exchange platform fake trading volumes in order to make them ranked high on coinmarketcap. If you check the list of the top10 exchange platforms on coinmarketcap, you will realize that half of them are not decent exchanges. This is because coinmarketcap criteria for ranking my not be adequate to justify that they are decent exchange. In fact, they are being ranked based on the daily trading volumes when we all know that those volumes might not be real. We have seen in the past whereby AI is being used to anonymously boost trading volumes on exchange platforms. Well, I have not to use coinfalkon or visited their site before but I just wanna say volume might not wholly determine the best platform
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