With the increasing number of investors going into cryptocurrencies daily. Exchanges are facing tough times constantly catering to their needs, to effectively handle infrastructural challenges and manage financial risks to the barest minimum. Binance has closed on new customers. There has to be a way out, what other alternatives can a new customer or crypto users fall back on. In this article, I will be making a list of better alternatives for binance for new users.
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Binance is an exchange platform. Binance is quite an impressive trading platform, this young cryptocurrency platform started a few months ago but notwithstanding was able to claw its way into the world’s largest exchange platform. Some of the features that make binance stand out is an unconventional business model, aggressive marketing, and coin listing. To succeed binance features exclusive coin listings. And then its transaction fees, Binance charges as low as 0.1% transaction fees and if you pay with Binance coins, your cost is reduced in half!
Alternatives
BitPanda
Bitpanda formerly known as conimal was founded in 2014 with the sole aim of aiding bitcoin enthusiast to acquire and sell bitcoin quickly without hassles associated with transactional processes. Which is the major highlight of this platform? This platform is not only used for buying and selling coins, on bitpanda you can also store your assets, with their secure wallet system, you can store up your cash or bitcoins in a secure wallet system for free. This is also possible because bitpanda boast of high-tech security, with bitpanda, you save and literally go to sleep. Although bitpanda offers no bitcoin trading platform, so might not be suitable for those who want to trade their coins instead of buying and selling.
Kucion
Kucion was first made famous in East Asian counties. This trading platform is definitely one to look out for, as it runs with similar dynamics of binance. Kucion also boasts of a unique interface. Kucion also has their own token, KCS- Kucion Share. Kucion also charges 0.1% on every trade, both from the maker and takers, which means a kucion shareholder earn as much as 0.2% on fees per trade.
Coinbase
Coinbase, best known for its functionality as a bitcoin broker. It started in 2012 and currently boasts of presence in just 32 counties. Coinbase boasts of an intuitive design and an interactive layout. Coinbase is suitable for beginners with low fee structures. Coinbase wallets are easy to connect, it allows customers to connect their debit cards, credit cards and bank accounts with allows for seamless digital transactions. With CoinBase, instant exchanges are allowed. The con of using this platform, it is stringent spending rules.
HitBTC
Founded in 2013 by HIT solutions Inc., this platform is aimed at professional traders, its features are structured to give a satisfying trading experience to traders. HitBTC offers high liquidity, low fees, secure systems and countless other advantages. The platform also offers a safe and secure encryption technology. The con of trading with HitBTC is its restriction on trading even on a verified account.