Binance is the largest and most famous exchange of cryptocurrency markets. This exchange supports a large number of cryptocurrencies. So you can buy and sell your cryptocurrencies in this exchange and trade with them. But there is a problem for US users accessing Binance.com.
This exchange is not available to US citizens and they must use a more limited version of this exchange called Binance.us. Due to its limitations and lack of easy access to the main site, many American users are looking for the best Binance alternative. In the following, we will examine the best Binance alternative and examine the advantages, disadvantages, and features of each of them.
Coinbase
This exchange is ranked second in the market and is the best option for beginner users. Coinbase can be the best Binance alternative with its simple user interface as well as support for a wide range of cryptocurrencies. The exchange has a mobile application making it possible to use Coinbase on mobile.
It also provides users with the purchase of cryptocurrencies with PayPal, ACH, Wire transfer, and Debit cards. Coinbase is linked to Coinbase Wallet. This digital wallet can store your assets with very high security. With a Coinbase card, you can also spend your own cryptocurrencies such as Bitcoin for your daily purchases. This card is available in the US and Europe.
Advantages
- Coinbase card
- Coinbase Wallet
- Diverse payment methods
- Easy access for US users
- access to more than 50 cryptocurrencies
- Cryptocurrency is insured
Disadvantages
- High fees
Kraken
Kraken ranks fourth in the cryptocurrency market and is one of the best Binance alternatives. This exchange is available in most US states. The Kraken account verification process is very fast and this is one of its advantages. In this exchange, the security and privacy of users is assured. Also, this exchange has no history of being hacked to date and is one of the safest. With 70+ currency pairs to choose from, it is one of the best choices for your trading.
Advantages
- Availability for US users
- A lot of cryptocurrencies and pairs to trade
- High-security
- Suitable Fees
Disadvantages
- No credit/debit card deposits
- Popular with experienced traders
- Proof of reserves audit
Robinhood
Robinhood is a popular app for trading stocks but it is also very suitable for crypto. This exchange supports a small number of digital currencies, but unlike Binance, it is available to American users. So it is a good choice for beginners. You can buy digital currencies such as Bitcoin and others.
Advantages
- Free US stock and cryptocurrencies
- Fast and fully digital account opening
- Great mobile and web trading platforms
Disadvantages
- Few educational materials
- Supports a small number of digital currencies
- Weak customer
Gate.io
Gate.io is a popular exchanges and is well accessible to American users except in New York and Washington. This exchange also supports a large number of encrypted gadgets, which makes it easy for users to take advantage of Gate.io’s many features. Also, due to the easy user interface of this exchange, it is one of the suitable options for beginners and intermediate people.
Advantages
- Supports a large number of cryptocurrencies
- Over 180 currencies
- Suitable for beginners
- high security
- Quality mobile app
- Low fees
- Multiple trading styles
Disadvantages
- Not available in all states
- No fiat deposits
- Lack of transparency of the team of this exchange
Bittrex
Bittrex is available in all US states, allowing people to access it. The exchange is ranked 17th in the market and offers excellent security features. Also with over 220 cryptocurrencies, it is a good option for people who need a large number of cryptocurrencies to trade. In this exchange, if you withdraw USD, you do not have to pay any fee. With low fees, it is one of the best Binance alternatives.
Advantages
- Benefits 0.2% commission fee on all trades
- Excellent security and support
- Fiat money deposits supported
- Supports a large number of cryptocurrencies
- Support for most US states
Disadvantages
- No margin trading
- Less trading volume than its competitors
Conclusion
These are the best Binance alternatives and are well available to US users. Finally, if you are not satisfied with Binance restrictions, you can choose the introduced exchanges as alternatives. .
