Binance alternatives

Binance is no longer available in Singapore. These are the best alternative exchanges.

By   |   Updated 16th September 2022

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Comparing Binance alternatives

Independent Reserve

On Independent Reserve's website

Featured

Independent Reserve

Highlights

  • Licensed by the Monetary Authority of Singapore (MAS)
  • Easy sign up using Myinfo with Singpass, and instant deposits 24/7 via FAST transfer
  • One of the lowest fees in town. Trading fees from 0.02% to 0.5%

Pros

  • Automate your cryptocurrency trading strategy with Independent Reserve's AutoTrader feature.
  • Its built-in tax calculator makes it easier to file your tax return.
  • ISO certified and has an AUSTRAC license.

Cons

  • It has a limited number of supported coins compared to other exchanges.
Gemini Exchange

On Gemini's website

Gemini Exchange

Highlights

  • Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
  • Set recurring buys and dynamic price alerts.
  • All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.

Pros

  • Suitable for both beginner and advanced traders.
  • Supports multiple fiats and cryptocurrencies.
  • You can earn interest on your cryptocurrency balances.
  • Its mobile apps are highly rated.

Cons

  • The fee structure can be expensive for both small trades and higher volume trades.
Crypto.com

On Crypto.com's website

Crypto.com

Highlights

  • Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins.
  • Spend with the Crypto.com Visa Card and get up to 8% back.
  • Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.

Pros

  • Get access to additional features including lending, borrowing, debit cards, and more.
  • Start trading with just $1.
  • Interest-earning deposits are available.
  • There is a $2,000 referral bonus.

Cons

  • Lack of educational resources.
CoinSpot

On CoinSpot's website

CoinSpot

Highlights

  • Buy Bitcoin, Ethereum, XRP and over 360 other digital currencies.
  • Refer a friend and earn $10 BTC.
  • Get 24/7 helpdesk support.

Pros

  • Trade for only 0.1%.
  • Access CoinSpot NFT Marketplace.
  • Credit card deposits are accepted.

Cons

  • Margin trading is not available.
Changelly

On Changelly's website

Changelly

Highlights

  • 160+ cryptocurrencies to exchange.
  • Multi-currency wallet to store a variety of coins.
  • Access a gallery of tools to enable new functionalities for your business and foster monetization.

Pros

  • Offers one of the lowest prices in the market.
  • Average transaction speed of 25-40 minutes.
  • Integrates with many popular wallets
  • 24/7 customer support.

Cons

  • No trading option.
  • Limited payment options.
Coinbase

On Coinbase's website

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Coinbase

Highlights

  • Buy and sell popular digital currencies, keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Maintains crypto-insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
Kraken

On Kraken's website

Kraken

Highlights

  • Get started with as little as $10.
  • Sign up today and buy 50+ cryptocurrencies in minutes.
  • Make easy deposits and withdrawals, measure your portfolio's performance and keep track of all of your crypto in one convenient place.

Pros

  • Large selection of tokens to trade.
  • Earn rewards by staking eligible assets.
  • Access to a range of educational materials.

Cons

  • Limited options to fund your account.
Tokenize Exchange

Tokenize Exchange

Highlights

  • Easy and simple to use interface.
  • Use our Tokenize Xchange emblem, TKX, to enjoy discounts on your trading fees, for as low as 0.1% for Platinum users.
  • Download the app and add funds to your account, view stock market information as well as buy and sell cryptocurrencies.

Pros

  • Supports SGD.
  • Earn when you refer a friend.
  • Mobile trading app and wallet.
  • Singapore based.

Cons

  • Withdrawal fees apply.