7 Best Binance Alternatives to Consider in March 2025
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After extensive research and analysis, we’ve compiled a list of the best Binance alternatives worth considering. Each platform offers unique advantages, such as lower fees, access to a wide range of cryptocurrencies, and enhanced security features.
Keep reading to explore these alternatives and find the one that best suits your trading needs.
Best Best Alternatives to Binance
The seven exchanges below are top alternatives to Binance for many reason (which we’ll cover in the next section). For instance, you’ll enjoy lower trading fees, fiat payment methods, and excellent features like copy trading, crypto loans, margin, and the ability to buy and sell crypto from your own non-custodial wallet.
- Best Wallet — Best Binance alternative with a user-friendly interface and multi-chain, non-custodial support
- eToro — User-friendly investment platform offering commission-free ETF trading and social trading features
- MEXC — Enjoy 0% fees for spot markets and trade over 2,800 cryptocurrencies
- Margex — Trade crypto with 100x leverage and avoid KYC checks
- Exodus — Keep your digital assets secure in a non-custodial wallet while buying and selling over 100 tokens
- Kraken — Trade cryptocurrency with ease from a dedicated iOS and Android app
- Coinbase — Beginner-friendly crypto exchange with instant fiat withdrawals
Top Binance Alternatives Reviewed
After visiting and testing over 50 cryptocurrency exchanges, below are our top Binance alternatives reviewed and ranked based on security, user-friendliness, trading fees, features, and payment methods.
1. Best Wallet — Overall Number 1 Binance Alternative
Best Wallet is a top non-custodial crypto wallet that offers a safe and decentralized alternative to Binance. Users can have full custody of assets, store, trade, and manage more than 1,000 cryptocurrencies across 50+ blockchains, including Ethereum, Bitcoin, and Solana. Users can swap tokens directly across chains using an integrated decentralized exchange (DEX) without extra fees.
Besides trading, Best Wallet includes a fiat on-and-off ramp that allows users to buy crypto with bank cards, PayPal, Apple Pay, and Google Pay and withdraw their funds directly to their bank accounts. It also features early access to new token launches and strong security features, such as biometric authentication, decentralized account recovery, and anti-fraud protections. With all these features, Best Wallet guarantees that users control their funds, making it the top alternative to Binance.
What does Best Wallet do better than Binance?
Unlike Binance, Best Wallet offers full anonymity, self-custody of assets, and a built-in DEX for trading tokens without additional fees. It also guarantees privacy, decentralized trading, and access to exclusive token launches.
2. eToro — Binance Alternative Offering Comission-Free ETF Trading
eToro is the most user-friendly Binance alternative we’ve come across, attracting over 30 million users. It offers excellent trading experience with an intuitive interface, access to both crypto and traditional assets, and one-of-a-kind social trading features like copy trading.
A big advantage of the eToro exchange is the smooth fiat payments. This platform accepts over 10 fiat currencies, and you can deposit and withdraw for free via Visa, Mastercard, Skrill, PayPal, Neteller, and bank transfer. Meanwhile, Binance has stopped fiat payments in many countries and doesn’t accept e-wallets. Furthermore, eToro is a much more secure platform than Binance, as it is overseen globally by leading financial regulators like FCA, ASIC, and CySEC.
What does eToro do better than Binance?
Simply put, eToro is more than just a cryptocurrency exchange. You can buy and sell thousands of stocks and ETFs from around the world, along with commodities like gold and oil. eToro also offers incredible safety and security systems, has never been hacked, and has FDIC-insured fiat accounts up to $250,000.
3. MEXC — Binance Alternative With Lowest Trading Fees
If you are finding that Binance’s trading fees are eating into your profit, try out the MEXC exchange and take advantage of its 0% fees for spot markets. If that doesn’t entice you to sign up, the meme coin’s selection, that include Bonk, dogwifhat, Popcat, and Smoking Chicken Fish will catch your eye. These tokens are primed to explode during the bull run and can easily rise 10x in value.
Another advantage MEXC provides is the absence of KYC, so you can trade anonymously. Moreover, demo accounts are great for practicing different trading strategies, while copy trading works best if you want to let pro traders guide your positions.
What does MEXC do better than Binance?
MEXC offers much greater leverage compared to Binance (200x v 125x), effectively reducing counterparty risk and boosting your winning trades. At MEXC, you can trade over 2,800 tokens, which is the most of any exchange, especially compared to Binance with just under 400 listed cryptocurrencies.
4. Margex — Skip Binance’s Verification With This No-KYC Exchange
Unlike Binance, which requires you to pass their KYC/AML check, you can sign up at Margex with just your email. In other words, Margex is one of the few secure exchanges that allows you to trade anonymously.
Another great thing about the Margex exchange is the built-in chart and indicators feature, which facilitates finding the perfect entry or exit point. MA Cross, Money Flow Index, and MACD are just some of the technical analysis tools available on this exchange. This makes it suitable for experienced traders. Margex also boasts a few other tools that caught our eye, like copy trading, which allows you to mimic the positions of profitable traders. You can also stake your favorite tokens and earn a risk-free yield while waiting to place your next trade.
What does Margex do better than Binance?
Unlike Binance’s clunky app, cryptocurrency trading at Margex via your phone is a piece of cake. Moreover, Margex does not require KYC and offers a 100x margin on certain perpetual futures pairs that Binance does not.
5. Exodus — Retain Control of Your Crypto While You Trade
Exodus started off as a non-custodial wallet but has continued to add features and transform itself into a full-on ecosystem. Currently, you can swap over 100 tokens from within the wallet without transferring your digital assets to a third party.
Exodus doesn’t require any KYC and is free to use. We also found it very beginner-friendly and were able to fully set up our wallet within minutes. Exodus works across a range of devices, so you can download the iOS or Android app or access the platform from your browser. Staking is another attractive feature of the Exodus wallet — with a click of a button, you can stake your tokens and generate yields over 5% per annum. That said, Binance also offers staking, but again, you have to trust it to keep your assets secure.
What does Exodus do better than Binance?
When you trade at Binance, you relinquish control of your crypto and have to trust the exchange to safeguard it. At Exodus, you are always in control of your digital assets, even when swapping or staking your tokens, eliminating counterparty risk.
6. Kraken — User-Friendly and Features a Fantastic App
If you want to trade via your phone, the Kraken exchange is a great Binance alternative. The app is available from the App Store and Google Play and gives you access to over 300 tokens. Simply hit the instant Buy/Sell button.
Kraken offers fiat deposits and withdrawals in far more countries than Binance. Even better, the platform supports free withdrawal via bank transfer. Another thing we like about this exchange is the ease of placing orders, which can be overly complicated at Binance. Kraken also provides up to 50x margin on perpetual futures and futures trading fees as low as 0.02%. If you are a big-time trader, you can even qualify for rebates.
What does Kraken do better than Binance?
Binance’s app is not the best, making it hard to place trades from your mobile. Fortunately, Kraken comes with a highly responsive app, and thanks to the instant Buy/Sell option, you can place trades within seconds. Kraken has also done a good job of placating authorities and getting licenses in the US, Canada, and the UK.
7. Coinbase — Top-Choice for Beginners
Coinbase is a great choice for beginners looking for a Binance alternative since it offers a user-friendly interface and a great crypto trading experience. Unlike Binance, which can be overwhelming to new users, Coinbase makes asset management simple with intuitive navigation, easy fiat purchases, and built-in security features.
Coinbase Wallet provides strong security measures and decentralization, giving users full control over their private keys and assets. Employing biometric authentication, two-factor authentication (2FA), and encrypted key management guarantees secure access to funds. Also, users can interact with decentralized applications (dApps), store NFTs, and trade on DEXs. Compared to Binance, the main difference is that the latter holds user funds on its centralized exchange, while Coinbase Wallter is a self-custody wallet, reducing risks associated with third-party control.
What does Coinbase do better than Binance?
Coinbase is an accessible and safe platform that offers an easy-to-use interface for beginners while keeping advanced features for more experienced traders. Unlike Binance, Coinbase offers a full self-custody alternative, allowing users to control their assets without third-party risk. Its simple-mode toggle makes it easier for new users to navigate while offering tools like dApp integration, token alerts, and Ledger hardware wallet support.
Reasons to Look for an Alternative to Binance
It could be argued that Binance is no longer the king of the crypto world. This is because many exchanges have now caught up with and surpassed the famous platform. Here are the key reasons why we choose to trade elsewhere:
- Binance is facing regulatory issues — Binance keeps leaving countries due to authorities becoming frustrated with their unlicensed operations and inaction on money laundering. For example, Binance was banned in the Philippines and Nigeria in 2024. It has also severely limited its services, including margin trading and loans in countries like the USA. Many jurisdictions require a Binance alternative to buy and sell crypto and access advanced features.
- Save money by trading at an exchange with lower fees — Binance is not the crypto market leader when it comes to trading fees. If you trade less than $1 million per month, which is pretty much all Binance users, you’ll pay 0.10% per trade. While it offers competitive fees, you could save hundreds or even thousands of dollars every month by trading at MEXC, which charges 0% fees for spot trading.
- Purchase tokens not available on Binance — While you can trade over 300 cryptocurrencies at Binance, there are literally thousands of tokens out there. Many have already increased by 10,000% or more by the time Binance finally lists them. If you want to catch the next Ethereum or Solana in its infancy, you’ll have to register at other exchanges.
- Buy cryptocurrency without passing KYC checks — Binance is desperately trying to get in the authorities’ good books, and this means it has implemented mandatory verification for all users. You’ll have to upload your ID and scan your face to trade at Binance. To avoid this invasion of privacy and maintain your anonymity, you’ll have to find a no-KYC exchange like Margex.
- Trade crypto effortlessly — Binance is better suited to more advanced traders with its complicated features and software. If you just want to hit buy and instantly purchase crypto, Kraken is a great option, especially considering its much better-designed app.
- Access fiat payments — Unfortunately, Binance has scrapped fiat deposits and withdrawals in many countries. Luckily, at eToro, you can easily deposit and withdraw over 10 fiat currencies via Visa, Mastercard, bank transfer, Skrill, PayPal, and Neteller.
- Keep your funds safe — Binance has been hacked in the past, notably in October 2022, when cybercriminals ran off with two million BNB (Binance Coin) tokens worth over $500 million. To protect your assets, you may want to stick to exchanges that provide more robust security measures, as well as insurance for fiat and stock balances.
Final Thoughts
After much deliberation, Best Wallet is considered the best alternative to Binance for those who want full self-custody, privacy, and multi-chain support. Unlike Binance, Best Wallet guarantees complete control over your assets, supporting more than 1,000 cryptocurrencies in 50+ blockchains, including BTC, ETH, XRP, and SOL. Also, its integrated DEX allows for cross-chain swaps with no extra fees, while its fiat on and off ramp allows deposits and withdrawals via bank transfers, credit/debit cards, and PayPal.
Best Wallet is also one of the most secure non-custodial wallets available. It features biometric authentication, 2FA, and decentralized account recovery. Moreover, it can also be used by beginners since it has a user-friendly interface. Staking rewards and exclusive access to token presales are also available. Best Wallet can be your top choice if you’re looking for a decentralized and secure platform with several great features.
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References
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