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Binance Alternatives – 5 Better Platforms

Find out the major disadvantages of Binance and 4 alternatives with lower fees and more security.

While cryptocurrency exchanges offer a range of digital assets to trade and the ability to store crypto coins on electronic wallets, these exchanges are exposed to security threats and often charge high fees and commissions.

Binance, for instance, is the world’s largest cryptocurrency exchange but it has some major disadvantages.

In this guide, we will explain where Binance falls shorts and provide 5 Binance alternatives which offer better platforms, safety and fees.

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    Best Alternatives to Binance

    1. eToro: Purchase 120+ cryptos on a regulated platform
    2. Uphold: Simple web and app trading
    3. Plus500: Trade over 2,000 assets. Best choice for European customers
    4. Libertex: Crypto trading with CFDs
    5. U.S. broker with super low fees on crypto trading

    What are some of the disadvantages of Binance?

    Overall, Binance is a decent cryptocurrency exchange. It offers more than 150 coins, it provides a crypto e-Wallet for its traders and has an advanced user-interface. But the biggest cryptocurrency exchange in the world has some major flaws:

    • Binance is restricted in 29 countries, including the United States
    • Binance, similarly to any other cryptocurrency exchange, is exposed to hacking
    • Binance only provides market and limit order
    • The platform is complicated and complex
    • Limited deposit and withdrawal options
    • CFD trading unavailable

    Though Binance is one of the most reasonable cryptocurrency exchanges, it has some notable disadvantages.

    One of the such disadvantages is that it does not offer CFD or leveraged trading. If you are planning to execute a large number of trades, cryptocurrency CFD trading, a contract that allows you speculating on the price of an asset without owning the security, can be a better alternative to buy Ethereum with PayPal and holding tokens. The benefits of CFD trading are that you can trade on margin and instead of owning an asset, you simply speculate on the price of a security without actually owning the digital asset.

    In the past two years, online platforms such as eToro have entered the cryptocurrency market, offering leveraged positions for major digital assets. Below, we will explore such platforms, and explain why they are fantastic alternatives to Binance.

    Top Binance Alternative in December 2021

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    1 Providers that match your filters

    Payment methods





    1 or better


    1 or better

    Coin selection

    1 or better


    1 or better


    for $ 1000 you get
    What we like
    • Easiest to deposit
    • Most regulated
    • Copytrade winning investors
    Coin selection
    Instant VerificationFor BeginnersWallet ServiceMobile App
    Payment methods
    Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
    for $1000 you get
    0.0233 BTC

    68% of retail CFD accounts lose money.

    Compare Binance Alternatives

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    68% of retail CFD accounts lose money.
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    75% of retail CFD accounts lose money. does not offer accounts to US residents.

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    74% of retail investor accounts lose money when trading CFDs with this provider.

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    The price and value of any investment in digital asset products can fluctuate.

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    The traded price of digital tokens can fluctuate greatly within a short period of time.

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    Market prices for digital tokens can be volatile and highly unpredictable.

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    As with any asset, the values of digital currencies may fluctuate significantly.

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    The value of digital currencies can go up or down frequently.

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    Trading leveraged products may not be suitable for all investors.

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    71% of retail CFD accounts lose money.

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    72% of retail CFD accounts lose money.

    Mobile App Rating
    Mobile App
    Number of Coins
    Trading Fees
    Deposit Fees
    Withdrawal Fees
    $5N/AN/A0.0005 BTCN/AN/AN/AN/AN/AN/AN/A
    Min. Deposit
    $50$20100 EURN/AN/A$10$10$2N/A$100$100
    Leveraged Trading
    N/A1 - 30xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1-100x1 - 30x1 - 30x
    Bitcoin Cash
    Binance Coin
    Bitcoin SV
    USD Coin
    Credit Card
    Sepa Transfer

    eToro - Best Trading Platform for Beginners

    eToro, one of the largest social online trading platforms in the world with more than 4.5 million users worldwide, has recently added cryptocurrency trading to its platform. In 2018, the broker has opened its doors to traders in the United States, allowing them to trade over 15 crypto coins. eToro is considered among the safest cryptocurrency online trading platforms as it is regulated by CySEC, FCA, and ASIC. Moreover, the award-winning broker is the ideal trading platform for beginners as well as experienced traders.

    Cryptocurrencies supported: Bitcoin, Ethereum, Bitcoin Cash, Ripple, DASH, Litecoin, Ethereum Classic, Cardano, IOTA, Stellar, EOS, NEO, Tron, ZCASH, Binance Coin, and Tezos.

    Demo Account: Available

    Educational Material: Yes

    Fees: Buy and sell spread. There are no withdrawal fees and no fees for sending or receiving transactions. eToro charges a conversion fee of 0.1%.

    Minimum deposit: $200.

    Special Features: CopyTrader tool that enables users to copy top-traders. eToro offers the eToro Wallet that enables users to hold multiple types of cryptocurrencies, send and receive digital assets from and to other Bitcoin wallets.

    Regulation: CySEC, FCA, and ASIC

    Payment methods: Visa, MasterCard, Diners, Visa Electron, Maestro, PayPal, Neteller, Skrill, Rapid Transfer, Wire Transfer, Sofort, and China Union Pay.

    Our Rating

    • Unlike Binance, eToro offers cryptocurrency trading to US residents
    • Unlike Binance, eToro is a social trading exchange which is great for beginners
    • Different from cryptocurrency exchanges, eToro is highly regulated and ensures clients' funds are safe
    • eToro offers a narrow selection of coins compared to Binance
    • eToro does not offer crypt-to-crypto pairs
    68% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.

    Uphold exchange platform

    Uphold Exchange Platform & App

    Uphold - Simple web and app trading

    Uphold are a well-known increasingly popular app, debit card and wallet service, that also have an exchange website. It's known for quick, convenient crypto trades suited to beginners or people on-the-go, rather than daytraders.

    Our Rating

    • Also supports metals, stocks, currencies
    • No deposit or withdrawal fees
    • Debit card has 2% cashback for crypto purchases
    • Paypal not yet supported
    • 50+ cryptos is less than other major exchanges

    Libertex - Best Crypto Broker with Low Minimum Deposit

    Founded in 1997, Libertex is one of the first CFD brokers in the industry to offer online trading and is regulated and supervised by CySEC. Though Libertex operates in most countries around the world, the broker does not accept customers from the United States, Japan, Brazil, Iran, etc. See the full list of restricted countries here.

    Cryptocurrencies supported: Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, DASH, Ripple, IOTA, NEO, OmiseGo, Quantum, Monero, Tron, ZCASH, Stellar, and Cardano.

    Demo Account: Available

    Educational Material: Yes

    Fees: There are two types of fees and commissions charged by Libertex - Transaction fee (buy and sell spread), and Rollover (overnight) fee.

    Minimum deposit: 100 EUR

    Special Features: Libertex offers the MetaTrader4 and MetaTrader5, the most popular trading platform in the market, which enables traders to automate their trading.

    Regulation: CySEC, FSCA

    Payment methods: Credit/debit card, Skrill, Sofort, Neteller, Wire transfer, GiroPay, Trustly, iDeal, and Rapid.

    Our Rating

    • Unlike Binance that has a complicated web-baseed trading platform, Libertex offer the most popular trading platform in the market , the MetaTrader4
    • Unlike Binance, Libertex offer a demonstration account
    • Libertex is highly regulated and ensures clients' funds are safe
    • Libertex does not accept customers from many countries in the world including the United States
    • Libertex charges an overnight fee - Best Binance Alternative Platform in the US

    As we mentioned previously, Binance is not available to US residents, so if you are located in the United States, is one of the best options to trade cryptocurrencies. Though the broker offers a selection of five crypto coins, it has the lowest costs in the industry on cryptocurrency trading. operates for two decades since 1999 and is highly regulated by top regulators that include the Financial Conduct Authority (FCA) in the UK, Financial Services Authority (FSA) in Japan, Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the US, Investment Industry Regulatory Organization of Canada (IIROC), and the Australian Services and Investments Commission (ASIC).

    Cryptocurrencies supported: Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin.

    Demo Account: Available

    Educational Material: Yes

    Fees: In terms of trading fees, charges a buy and sell spread. Additional fees include an inactivity fee of $15.

    Minimum deposit: $50.

    Special Features: offers a selection of the best trading platforms including MetaTrader4 and MetaTrader5. Moreover, the broker offer VPS Hosting which is a tool that allows users to automated trading with Expert Advisors (EA) on a Virtual Private Server (VPS).

    Regulation: FCA, FSA, CFTC, NFA, and ASIC

    Payment methods: Credit/Debit card, and Wire transfer.


    • While Binance is not available to US residents, accepts traders from the US
    • is regulated by top regulators worldwide including financial authorities in the United States
    • Unlike Binance, offers an advanced trading platform and VPS automated trading tool
    • offers a low selection of cryptocurrencies compared to Binance
    • Unlike Binance, charges and inactivity fee

    How we analyzed the best Binance alternatives

    Binance is a good centralized cryptocurrency exchange. The world’s largest cryptocurrency has more than 15M users and supports more than 150 coins. And yet, every platform has a downside. Binance is not available to US residents, the platform is a bit complicated and the exchange is exposed to security hacks. That is why we genuinely believe that eToro may be a better platform to trade cryptocurrencies. If you want to find out more about the trading platform make sure you check out our eToro review.

    • Safety and regulation: eToro is regulated by CySEC, FCA, and ASIC. That ensures that clients’ funds are being held in segregated bitcoin account and investors will be compensated in the event of default. 
    • Usability: eToro offers the most user-friendly social trading platform. The fact that you will be able to copy other top-performing traders and connect with other members makes this platform a great choice. 
    • Supported countries: eToro is the only broker that offers its cryptocurrency trading services to traders in most countries including the United States.
    • Fees: While most of the brokers do not charge any hidden fees and maintain a fair commission structure, eToro is the only broker (including Binance) that does not charge any fees associated with cryptocurrency trading. 

    Binance alternatives – Final Thoughts

    If you are planning to execute a large number of trades, cryptocurrency CFD trading, a contract that allows you speculating on the price of an asset without owning the security, is a better alternative to buying and holding tokens.

    CFD trading, however, is not offered on Binance, therefore, we recommend trying the CFD brokers we listed above. At the time of writing, these are the best alternatives for Binance: eToro, Plus500, Libertex, and  These brokers enable you to take part in Bitcoin trading without having to pay exchange fees and the complicated process of storing your crypto coins on digital wallets.

    Not only that, but CFD brokers are considered to be a safer option than cryptocurrency exchanges in terms of regulation and cyber threats.

    eToro - Our Recommended Crypto Platform

    Our Rating

    eToro exchange
    • ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
    • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
    • Free Demo Account, Social Trading Community
    • Free Secure Wallet - Unlosable Private Key
    • Staking Rewards for holding ETH, ADA or TRX
    • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
    eToro exchange
    68% of retail investor accounts lose money when trading CFDs with this provider.

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    Are there any sites like Binance?

    Yes, there are many sites offering similar services like Binance. Those include Coinbase, Kraken,, and many more. However, these exchanges charge high fees and require a long registration procedure.

    Why is Binance so expensive?

    Binance is a cryptocurrency exchange, meaning it offers cryptocurrency trading, storage, and full operation of an exchange. Therefore, the largest cryptocurrency exchange in the world charges various fees to cover costs such as trading fees, deposit and withdrawal fees, conversion fees, and transaction fees. On the other hand, CFD brokers such as eToro enable you to trade with lower trading costs.

    Is Binance unsafe?

    Generally speaking, Binance is one of the most secure cryptocurrency exchanges in the world. And yet, it was subjected to hacking attacks numerous times in the past few years.

    What's the benefit of trading crypto currencies via a CFD broker?

    Different from cryptocurrency exchanges where you physically trade a digital asset and have to store it, CFD brokers enable you to speculate on the price of a cryptocurrency without having to own the coin. Some of these brokers also offer leverage, meaning you will be able to trade with a higher capital than initially deposited.

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    eToro - Best Cryptocurrency Platform

    eToro - Best Cryptocurrency Platform

    eToro - Best Cryptocurrency Platform

    Buy Crypto

    68% of retail investor CFD accounts lose money.

    eToro - Best Cryptocurrency Platform
    Buy Crypto

    68% of retail investor CFD accounts lose money.


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