https://ift.tt/kViFMxt Kraken alternatives: top competitors and exchanges better than Kraken

Binance is considered one of the safest cryptocurrency exchanges on the market. Binance provides 2FA and both cold storage and multi-sig wallets. It supports spot trading, futures, P2P trading, margin trading, earn (locked and fixed savings, DeFi staking, and yield farming), mining and staking pools. It has over 350+ cryptocurrencies available for trade and 1300+ trading pairs.

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

  Low fees
  High liquidity
  Excellent mobile app
Well-established and trusted

Hacked in 2019
Not accessible to U.S. users

There are a variety of different payment methods such as Bank Transfer, Wire Transfer, Crypto Exchange, SWIFT, Credit/Debit Card Payment, and many more. Depositing and withdrawing are free of charge, but users have to pay network and trading fees. The trading fees aren’t fixed, and they vary depending on the trading spread (the spreads are based on the trading asset and country).

Deposit fees:
Free
Withdrawal fees:
Free
Trading fees:
Based on spreads
Service fees:
1% – 3%
Payment Methods:
Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc.
Supported fiat:
USD, GBP, EUR, and 15+ more

  Anything-to-Anything feature
  Straightforward registration process
  Enables investments in US stocks, national currencies, and precious metals
There isn’t a fixed minimum investment

Telephone and Live-chat support doesn’t exist
Lower volume assets require higher spreads

KuCoin is more than just an exchange – it is a global crypto platform for all your digital currency trading, exchange, staking, and lending. KuCoin is based in Singapore. KuCoin supports more than 200 cryptocurrencies. It offers bank-level security, a slick interface, and beginner-friendly UX. KCS is a native currency of the exchange.

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

  A lot of (advanced) crypto services and features
  Low fees when compared to the main competitors
  Beginner-friendly interface

No fiat trading pairs
No bank deposits
Not regulated

In total, it has over 60 million users around the world which is a remarkable number. The headquarters of Coinbase is in San Francisco, California. Coinbase is not only a typical exchange, but it also offers a cryptocurrency wallet, so we can safely say it is a suitable place for 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

  Very large user base and extremely popular
  Debit card available
  A variety of fiat currencies supported
Over 100 cryptocurrencies supported

No future or margin trading
Fees are fairly high

The platform supports different cryptocurrencies, more than 300 to be exact. Furthermore, FTX is available in 100+ countries around the world, but it is not supported in the USA. Additionally, on the platform, users can choose from 450+ trading pairs that are available on the platform. FTX supports futures, spot trading, margin trading, OTC, leverage, NFTs, and many more.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.01 – 0.07 %
Payment Methods:
Wire Transfer, SEPA, Credit Card, Silvergate Exchange Network (SEN), PayID, Signature SIGNET, and cryptocurrency
Supported fiat:
USD, HKD, GBP, EUR, AUD, SGD, CAD, ZAR, BRL, and CHF.

  No reported scams or hacks
  Many cryptos and fiat currencies supported
  Trustworthy level of security

UI is not user-friendly for new clients
USA citizens not allowed

Today, Cex.io is available in more than 180 countries around the globe. It is registered with FinCEN, and it applies AML (anti-money laundering) and KYC (know your customer) policies. Cex.io supports fiat to crypto purchases, spot trading, margin trading, staking, leverage, lending, and savings.

Deposit fees:
 0 – 3.99 %
Withdrawal fees:
0 – 3 %
Trading fees:
0 – 0.25 %
Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
Supported fiat:
USD, EUR, GBP, RUB

  Regulated and licensed
  Over 4 million users worldwide
  Fast support
Various payment options

Just 4 fiat currencies are available
Extensive Verification Process

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