https://ift.tt/bqsIhzM FTX alternatives: top competitors and exchanges better than FTX

How did Binance become so big so quickly? There are various reasons – low trading fees, professional attitude, the large number of cryptocurrencies supported by the platform, and friendly and transparent CEO. Some of the features available on Binance are Earn (locked and fixed savings, DeFi staking, and yield farming), Pool (join their mining and staking pools and earn rewards for keeping your chosen blockchains safe), Liquid swap, Liquidity pools, Automated trading bots, spot trading, futures and margin trading, and P2P trading.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.1%
Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

  High liquidity
  It supports a large number of crypto assets
  Widely considered the largest crypto platform
Various advanced features and services
One of the lowest fees among top exchanges

Not available in the US
Not fully registered
Hacked in 2019

It was founded back in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has users in over 100 countries. Coinbase’s headquarters are in San Francisco, California. The platform offers not only exchange-based services but also a wallet so it is a perfect place for all crypto investors.

Deposit fees:
Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10
Withdrawal fees:
SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25
Trading fees:
Fees vary
Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer,
Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more

  A variety of fiat currencies supported
  Over 100 cryptocurrencies supported
  A regulated and trustworthy company
Large user base and widely popular
Provides a Coinbase debit card

No future or margin trading
Higher trading fees than main competitors have (Binance for instance)

Kraken has millions of active users, international markets, and strategic investors on board. It was launched back in 2011 so it is one of the oldest crypto exchanges in the world. Headquarters are in San Francisco, California, U.S. The founder and the CEO of the company is Jesse Powell.

Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD)
Trading fees:
Maker: 0.16%Taker: 0.28%
Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
Supported fiat:
USD, EUR, GBP, JPY, CAD

  Available almost worldwide
  Longevity on the crypto market – highly respected exchange
  Over 90 cryptocurrencies
Advanced trading and staking services

Fees are fairly high compared to its main competitors
No derivates or futures trading

This exchange also offers trading of cryptos, precious metals, US equities, and Forex. One user account can access more than 50 US Stocks, 60 cryptocurrencies, 4 precious metals, and 27 national currencies.
Uphold is supported in more than 180 countries worldwide, and it has around 10 million registered users. However, as of 2022, UK and EU users can no longer create accounts on the platform. The users from these countries that already have accounts will not be affected.

Deposit fees:
Free
Withdrawal fees:
Free
Trading fees:
Based on spreads
Service fees:
1% – 3%
Payment Methods:
Debit/credit cards and (SEPA) bank transfers.
Supported fiat:
USD, GBP, EUR, and 15+ more

  Cross-asset trading feature
  Simple registration process
  Extremely low fees
More than 60 supported cryptocurrencies

No live chat support
No fixed trading fees

eToro is based in Tel Aviv-Yafo, Israel. Furthermore, eToro has offices in 4 more countries and is regulated in these countries by CySec (Cyprus), FCA (UK), ASIC (Australia), and FSAS (Seychelles). The has roughly around 17 million users worldwide and is available in around 100 countries. Retail Leverage, Pro Leverage, Customisable Leverage, Deleveraged Trading, Copy-Trading, Spot Trading, and Demo account are the main features of eToro. It supports more than 45 currency pairs.

Deposit fees:
Free
Withdrawal fees:
$5
Trading fees:
0.75 % – 4.9 % spread depending on the cryptocurrency
Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.)
Supported fiat:
USD, EUR, GBP, and 20+ more

  The longevity on the crypto market
  Low fees
  Various exciting features
User-friendly interface

Lack of stocks and other investment options
Not available in all states in the US
Inactivity fee

Originally from China and now from Virginia, United States, this exchange was founded in 2013, and it quickly became the most used exchange on the market. Gate.io is supported in 180+ countries (excluding New York and Washington residents). On this exchange, you can buy, sell, and trade a large number of cryptos with low fees. Two Factor Authentication and cold storage provide Gate.io users excellent security.

Gate.io supports spot trading, margin trading, copy trading, futures, P2P trading, savings, leverage, NFTs, perpetual, and many more. You can trade more than 1200 cryptos and over 2300 trading pairs.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
Maker: 0.01% Taker: 0.2%
Payment Methods:
Debit/Credit Card and Bank Transfer
Supported fiat:
USD, EUR, GBP, JPY, AUD, + 50 more

  Amazing IEO
  24/7 customer support
  Top class mobile app
1200+ cryptos
50+ fiat currencies

Limited payment methods
Overwhelming for beginners
Hacked in 2015

Kucoin offers an impressive number of cryptocurrencies that you can buy, sell, trade and store with low trading fees. Kucoin supports spot trading, futures, P2P trading, margin trading, copy trading, savings, leverage, perpetual, NFTs, and many more. In addition, it has over 1200+ cryptocurrencies available for trade and 2300+ trading pairs.

Deposit fees:
Free
Withdrawal fees:
0 – 16$ (average)
Trading fees:
0 – 0.1 %
Payment Methods:
Debit and Credit card, Apple and Google Pay
Supported fiat:
USD, EUR, GBP, AUD, CAD + 20 more

  180+ countries supported
  Over 10 million users worldwide
  Mobile app available for iOS and Android
Wide range of cryptocurrencies available
Low fees
Many additional features

Just 4 payment methods
Hacked in 2020

It is one of the newer crypto derivative exchanges on the market. While everything around it looks and sounds appealing, Phemex still has things to prove.

Deposit fees:
Free
Withdrawal fees:
0.0005 BTC
Trading fees:
0.025% – 0.075%
Payment Methods:
Only BTC
Supported fiat:
None

  No KYC process
  Quick transaction time
  Mobile apps for Android and iOS

US citizens aren’t allowed to trade
not battle-tested

The platform came to be sometime in 2018 with its original headquarters being established in Singapore. Since then they’ve expanded their operations to additional offices in Hong Kong and Taiwan in an effort to support their growing user base of 100,000+ traders hailing from places such as North America, Europe, Russia, Japan, South Korea and Southeast Asia.

Deposit fees:
Free
Withdrawal fees:
Free
Trading fees:
-0.025% – 0.075%
Payment Methods:
Only crypto
Supported fiat:
None

  Up to 100x leverage
  No mandatory KYC
  Reduced risk of price manipulation and liquidations

No US citizens allowed
Limited number of supported coins