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Binance has led the crypto exchange market for a while, with over 350 tradable coin tokens and $35 billion in daily trading volume. Its popularity among both beginners and experienced traders stems from its user-friendly interface, robust mobile app, and low transaction fees.
However, in recent times, Binance has faced regulatory pressure in several countries. From pleading guilty to money laundering charges in the US and Canada to being banned by one of Australia’s big four banks, the exchange has been pushing against the current.
These issues have left many users concerned, with hundreds questioning the long-term viability of the popular exchange. If you’re one of those crypto traders in need of the best Binance alternatives, you’ve come to the right place.
The 4 Best Binance Alternatives Available Now
I reviewed dozens of crypto exchanges and found these five to be the best alternatives to Binance. Each has been evaluated based on several critical factors like user experience, available trading pairs, transaction fees, security features, and more.
Reviews of the Top Binance Alternatives
You’ve seen the best Binance alternatives, and now it’s time to explore each of them in detail and see why they are the standout choices.
1. eToro — Binance Alternative for Trading Other Assets
eToro is a highly reputable brand, established in 2007 and trusted by over 35 million users worldwide, so it isn’t surprising that it tops my list of the best Binance alternatives today.
For starters, its user interface is just as friendly as Binance’s, and you also gain access to thousands of trading assets, which include cryptocurrencies, stocks, indices, commodities, and more.
Another thing I liked about eToro was how transparent they were with their pricing. I’ve had to contact customer support at some exchanges to inquire about the actual trading fees, but eToro clearly outlines that users have to pay a 1% flat fee for each crypto trade.
However, the real highlights of this exchange are the CopyTrader and Popular Investor features. They let you copy leading traders’ strategies or share your own trades, and if you manage to build a following, you can earn annual rewards of up to 2% of your average balance.
What eToro has over Binance: eToro offers many trading assets besides cryptocurrencies. Its Popular Investor feature is also a great way to earn money by being rewarded for trading expertise. Pros Cons eToro is still one of the best choices if you want both crypto and stocks in one place. It recently added more themed portfolios focused on trending sectors like AI and clean energy. However, its crypto wallet still doesn’t give users full control, and crypto withdrawals may be limited depending on your country. Following a fine in Australia in 2023, eToro has implemented changes to enhance the protection of beginner traders, including the introduction of lower leverage options and clearer warnings. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk If you’re just starting out on your crypto trading journey and want an exchange that offers popular crypto tokens as well as dozens of meme coins, you really can do no wrong with MEXC. Even better, you can complete as many spot trades as you like with 0% trading fees. Thanks to the exchange’s robust demo trading functionality, you can also simulate real-life futures trading without risking real money. When you’re finally ready to go all in, MEXC’s impressive range of nearly 400 perpetual contracts and the option for leverage up to 200x on various cryptos like SOL, SHIB, and DOGE will give you the flexibility to tailor your trading strategies. New users also qualify for an early bonus boost of up to $1,000 to kickstart their trading journey, and this is in addition to over 2,500 cryptocurrencies and features like copy trading, P2P, and a VIP program. What MEXC has over Binance: MEXC supports far more crypto tokens than Binance. Also, the 0.01%/0.02% maker and taker fees are smaller than the 0.1% imposed by Binance. Pros Cons MEXC still offers zero-fee spot trading, which is rare in 2026. It now supports even more advanced trading options, including contracts with up to 200x leverage. The mobile app got a major upgrade and now includes pro-level charts, alerts, and layout controls. While MEXC isn’t heavily regulated, it has grown its user base in places like Southeast Asia and Latin America. Now, if you’re a private person who’d prefer to make your crypto purchases anonymously, there are different ways to go about it. You could find a Bitcoin ATM, but many are now regulated and require KYC verification, which defeats the entire purpose of purchasing coins privately. A P2P marketplace is another option, but you’ll have to tread with caution due to the risk of scams on those platforms. There’s also the prepaid card option, in-person purchase, VPN, and the other anonymous Bitcoin purchase methods we explored here. However, they either carry safety risks or high fees. This is where Margex shines as a compelling alternative for privacy-conscious traders. Margex operates as a no-KYC exchange, and while you might need to enter some personal details to enjoy more advanced features, you can complete spot trades daily without doing so. The site also offers traders leverage up to 100x on Bitcoin, Ethereum, and BNB and between 20x and 50x for altcoins. Additionally, the platform provides low trading commissions at just 0.019% on limit orders and 0.06% per slide on market orders. What Margex has over Binance: Margex’s 0.06% taker fee is much lower than that of Binance, and while it doesn’t offer as many crypto options, you can enjoy leverage up to 100x on all the big ones. You can also explore markets and make spot trades anonymously. Pros Cons Margex remains one of the easiest platforms for margin trading, still offering up to 100x leverage. In 2024, they added new tools that help users better control risk, such as adjustable stop losses and clearer liquidation levels. While the platform used to be completely no-KYC, it now asks for ID verification when withdrawing large amounts, mainly to follow new anti-money laundering (AML) rules. It still keeps the interface simple and private. With over a decade of experience in the crypto space, Kraken is one of the most famous names in the industry. Its early years were marred with several instability issues, but the exchange has taken significant steps to address them and establish itself as a trusted brand. The exchange features two platforms — Kraken and Kraken Pro. One offers basic functions like buy/sell orders and fiat purchases, while the other includes advanced options such as technical indicators, simultaneous market comparisons, detailed charts, and a range of order types. The interface is much simpler than Binance’s. You don’t need to be an expert to start trading any of the 200+ tokens or navigate the range of features. Pros can also take advantage of Kraken Futures, which enables you to take long or short positions with leverage of up to 50x. You also don’t have to worry about safety as the exchange uses both hot wallet and cold storage solutions to secure user funds, and it is regulated by reputable bodies like FinTRAC and FinCEN. What Kraken has over Binance: Kraken offers a much more user-friendly platform and complies with regulatory requirements in multiple countries. Pros Cons Kraken has expanded across Europe and now holds official licenses in Ireland, Italy, and Spain. In early 2025, it also bought NinjaTrader, a trading platform known for its charting tools, and added it to Kraken’s growing list of features. For long-term users, Kraken now has a separate platform for professional investors called Kraken Institutional. It also launched a crypto wallet that lets users store and use their own coins, with access to things like DeFi and NFTs. Kraken still leads the way in transparency by regularly proving it holds all customer funds. There’s no doubt that Binance is a top exchange, but it has limitations, and if you want an elite trading experience, you need to find alternatives. Here are some reasons you may want to consider. Those are some reasons why you might want to look for Binance alternatives. However, no matter what exchange you might prefer, it is always a good idea to have alternative options. Here are some reasons why you might generally want to have multiple exchange options. There are many reasons you might want multiple exchange accounts, here are just a few. Diversification of Exchange Risk: Holding funds across multiple exchanges reduces exposure to outages, freezes, regulatory actions, or account restrictions on a single platform. Regulatory & Regional Access: Binance and other exchanges are restricted or limited in certain countries; alternative exchanges may offer better compliance, local licensing, or smoother fiat on-ramps. Arbitrage Opportunities: Price discrepancies between exchanges allow advanced users to profit by buying on one platform and selling on another. Access to New or Niche Tokens: Many altcoins, memecoins, or early-stage projects list first on smaller or region-specific exchanges before reaching Binance. Lower Fees or Better Incentives: Competing exchanges may offer lower trading fees, higher referral rewards, zero-fee pairs, or VIP perks to attract users. Different Trading Products: Some platforms specialize in spot trading, others in futures, options, copy trading, or on-chain integrations not available on Binance. Faster Listings & Innovation: Smaller exchanges often move quicker to support new blockchains, Layer-2s, and trending ecosystems like Solana or Base. Custody Preferences: Users may prefer exchanges with different custody models, proof-of-reserves transparency, or stronger self-custody integrations. UI/UX or Performance Preferences: Some traders simply find alternative platforms faster, cleaner, or better optimized for mobile or high-frequency trading. Backup During Downtime: Having secondary exchange accounts ensures uninterrupted trading during exchange maintenance periods, volatility spikes, or system congestion. One of the most popular Binance alternatives in 2026 is MEXC because of its simplicity, security, and ease of use. Here’s how to use it. While Binance remains one of the biggest exchanges in the world, its recent regulatory issues and record of security breaches simply can’t be ignored, especially when so many other options are available. MEXC tops the list of the best leverage platforms, making it our #1 Binance alternative. After thoroughly reviewing all alternatives, we also believe eToro is a good contender as well. For starters, it is certified by FINRA and SEC and boasts security features like 2FA. On top of that, it supports over 100 cryptos and offers options to trade stocks, ETFs, indices, and commodities. Add to all this its social features and advanced tools like copy trading and smart portfolio. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results. Copy Trading does not amount to investment advice. The value of your investments may go up or down.Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. eToro and MEXC are the best alternatives to Binance since they offer a well-rounded exchange with lots of tokens and advanced trading tools. You can still use Binance for your crypto trades, as it supports over 500 tokens, robust security, a P2P network, and multiple fiat payment options. However, the platform has encountered regulatory issues in many countries and doesn’t boast the most responsive customer support. Binance was founded by Chinese-born Canadian businessman Changpeng Zhao in 2017. The company was initially headquartered in China but later moved to Japan and then Malta. MEXC offers lower transaction fees than Binance. While Binance levies a 0.10% fee (which is undoubtedly on the side of more competitive fees) on maker-and-taker spot trades, MEXC charges nothing. Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days. Weekly Research Monthly readers Expert contributors Crypto Projects Reviewed
2. MEXC — Massive 200x Leverage With 0% Fees on Spot Trades
3. Margex — No-KYC Exchange With up to 100x Leverage on Popular Tokens
4. Kraken — Earn up to 20% When Staking Crypto on This Reputable Exchange
Why You Should Look for an Alternative to Binance
Other Reasons to Have Multiple Exchange Accounts
How to Use a Binance Alternative Like MEXC
Sign up on MEXC
Visit the official MEXC website and click Register. Create your account using an email, username, and password, and complete registration steps.
Make a deposit
Open the app and tap the fund account option. Deposit using credit/debit card, bank transfer, Google Pay, Apple Pay, or cryptocurrencies like BTC, ETH, BNB, USDT, USDC, and POL.
Place a trade
Choose the token you want to bet on and monitor the live chart. Decide whether the price will go Up or Down, enter your trade amount, and select your leverage. Optionally, set take-profit and stop-loss prices to manage risk. Click trade to execute your trade.
Conclusion
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References
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