An Alternative To Binance

Jump to page contents

An Alternative To Binance

Binance is one of the largest cryptocurrencies in the world, offering a range of features at competitive prices. The exchange, which is based in Malta, accepts users from around the world and is a much-loved platform by the crypto community.

Binance: An Overview

Trading over 100 different cryptocurrencies, Binance can cater to traders looking to dip their toes into new markets and currencies. The exchange does not accept any fiat currency, so this means that you cannot buy Bitcoin using a credit or debit card. Instead, you will need to already own an acceptable cryptocurrency and use it to trade on the exchange.

This means that if you would like to use Binance, you must first obtain digital currency from another source. There are multiple options available, including mining your cryptocurrency or opening an account with a cryptocurrency exchange which accepts fiat currency.

Binance Pros

As the exchange developed over the years, it began adding additional services and trading instruments. As a registered user with Binance you get access to all of these features, which include the opportunity to buy into IEOs, carry out margin trading, and access extremely detailed and customizable crypto graphs. Furthermore, the majority of these services, including brokerage, come at very competitive fees.

Binance Cons

Binance’s primary negative is that it does not accept payments in USD, EUR, or any other fiat currency. This gives the user an added obstacle of having to open a second account with a different exchange. Binance’s customer support has suffered in the past, and as a result, it has a reputation for sometimes being slow and inefficient.

If you are looking for an alternative to Binance, have a look at some of these great options.


Launched in December 2017, CoinEx is one of the newer, centralised exchanges available. It is based in Hong Kong and offers users a low cost, high speed, and user-friendly platform which has been hailed for its security and convenience

One of the many features of CoinEx is its proprietary trade matching system. Available in a variety of languages, the platform accepts users from over 100 countries around the world. These users can get access to a large number of cryptocurrencies, which include TRON, FuseX, and Dogecoin as well as more common currencies such as Bitcoin, Ethereum, and Litecoin.

Using CoinEx provides you with various advantages, including:

  • A transparent fee structure
  • Low trading fees
  • Free deposits

Just like Binance, CoinEx is a crypto-only platform, so you will still need to source your first currency from an alternative source.

Another similarity is that they both provide detailed charting. CoinEx provides advanced graphs which including three categories of trading pairs; BTC, BCH, and USDT Markets.


As another relatively new exchange, having been established in 2017, Bibox aims to be a direct alternative to Binance. Users can obtain a large variety of Bitcoin and Altcoin whilst also making using of the platform’s Artifical Intelligence (AI) algorithms, which facilitate trades with optimal results.

Using a web trading platform, Bibox offers new and experienced cryptocurrency traders an intuitive design and interface. On the platform, you can activate several useful features, which include viewing your trading history, your order book and responsive charts.

Bibox offers its users a variety of additional advantages, which include:

  • Superb customer care staff which speaks English, Chinese, Vietnamese, Russian, and Korean
  • Various trading options, different currencies as well as limit and market orders
  • Mobile application for iOS and Android users

As Bibox continues to develop it is looking at the introduction of more advanced trading tools, including margin trading. It will also seek to capitalise on its existing key feature, which is using AI algorithms to provide its users with superior trading abilities.


Although OKCoin might not be as popular in the Western hemisphere as Binance or Coinbase, it is actually the largest Bitcoin exchange by trading volume. In fact, OKCoin carries out over 16 million Bitcoin transactions per month.

The Bejing-based exchange is an ideal exchange platform for more experienced traders as it offers a selection of advanced trading instruments and tools. You can trade futures and on margin, as well as place a variety of orders and TWAPs.

Using OKCoin as your primary cryptocurrency exchange has several advantages, such as:

  • Ability to trade in more advanced markets
  • Low trading fees
  • Using an exchange with very high liquidity

A key differentiator of OKCoin over Binance is that you can use fiat currency to buy and sell cryptocurrencies. Although the platform is not currently regulated by any authority, OKCoin is extremely safe and reliable.


ZBX is the newest exchange in this guide, having been established towards the end of 2018. It is owned by Zillion Bits Limited, a company registered in Malta, and operates as a centralised cryptocurrency exchange. ZBX offers only a handful of currencies, which include Bitcoin, Ethereum, Ripple, and Litecoin.

Just like OKCoin, ZBX allows you to buy and sell cryptocurrency using fiat currency. The platform accepts card payments as well as bank transfers. Focusing primarily on offering crypto services to Europe and Asia, ZBX is currently unavailable to users in the United States.

By making use of ZBX, you will benefit from a variety of features, which include:

  • Access to the ZBX mobile app for Android and iOS
  • Low trading fees
  • Instant availability of deposited funds

As such a young cryptocurrency exchange, ZBX is still finding its niche, but through the experience of its owner, the platform has already succeeded to attract a strong following. As it continues to develop further, it is likely that it will start offering a variety of trading pair options, with the potential of more advanced instruments.

Whatever it will eventually become, you can use ZBX today to quickly buy your digital currency at a competitive price and trade it instantly with thousands of other registered users.

Recently Similar Guides

casinoin-promotion etoro-promotion

Latest Guides

What is Negative Balance Protection?

Forex trade and stock trade can be profitable, but they are rife with attendant risks. Situations arise where market volatility prevents you from keeping your account balanced. You can protect yourself from having a negative balance using available standard tools. An introduction to Negative Balance Protection Negative balance protection refers to a precautionary measure by […]

7 July, 2020

What is Litecoin?

So, what exactly is Litecoin? Litecoin is a distributed, decentralized, peer to peer cryptocurrency and blockchain infrastructure. Litecoin is currently the 7th largest cryptocurrency with a current market capitalization of $2.8 billion. Similarly to Bitcoin, and as one of the largest and most legitimate competitors, Litecoin is a store of value and digital payment ecosystem with […]

29 June, 2020

What Is Tether?

So, What Exactly Is Tether? Tether is a cryptocurrency based upon blockchain technology. Whilst it shares some similarities with other popular coins, such as Bitcoin and Ethereum, Tether is a stablecoin. This segment of cryptocurrencies is not as volatile as major coins and is seen as a more reliable form of payment method. The coin’s […]

25 June, 2020

What is Ethereum?

So, what exactly is Ethereum? Ethereum is a decentralized, programmable blockchain infrastructure, the second largest in the world by market cap behind Bitcoin. Like Bitcoin, Ethereum has a native cryptocurrency, Ether that is rewarded to miners in exchange for securing the transactions on the blockchain. What makes Ethereum so different and special is its smart contract functionality. […]

24 June, 2020
Bitcoin,Cryptocurrency,Exchange Platforms,Gambling

Bitcoin Spread Betting

What is Bitcoin Spread Betting? With the continued rise and legitimization of Bitcoin and blockchain technology, many speculators want to figure out the best way they can capitalize on this asset class and make a profit. One of the options is purchasing a cryptocurrency such as Bitcoin or Ether as a speculative asset, hoping the […]

24 June, 2020

What Is Ripple?

So, what exactly is Ripple? Ripple is the name given to one of the world’s most popular cryptocurrencies, but this is not actually correct. Officially, Ripple is an open-source platform protocol which facilitates rapid transactions at a relatively lower cost. This platform, known as RippleNet, is used around the world by various financial institutions. It […]

23 June, 2020
Bitcoin,CFD Trading Platform,Ethereum,Trading

How to Make Money on Trading212

How legitimate is Trading212? Trading212 is an extremely credible online trading platform for securities, forex, and cryptocurrency trading. Trading212 is headquartered in London, England and owned by a larger parent organization, Avus Capital, which is under strict regulations from the Spanish financial regulatory body. Since they are located in the UK, Trading212 is also under […]

16 June, 2020
Bitcoin,CFD Trading Platform,Exchange Platforms,Trading

How to Make Money on IQ Option

How Legitimate Is IQ Option? IQ Option is a forex, stocks, ETFs, CFDs, options, and cryptocurrency exchange based out of Cyrpus. Since IQ Option is authorized as a Cypriot Investment Firm, they can serve European clients under CIF regulations. IQ Option is officially regulated by the Cyprus Securities Exchange Commission and has over 48 million […]

12 June, 2020