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Day: January 10, 2023

7 Best Binance Alternatives

7 Best Binance Alternatives

Introducing and comparing the best alternatives to Binance At first glance, choosing a reliable exchange to start investing in digital currencies may seem easy, but the complexities and different rules of exchanges make this choice difficult. Binance exchange, with its diverse services, will undoubtedly be the first choice of many users, but in this article, we will introduce the best Binance alternatives.   Contents: • An important feature in choosing an exchange instead of Binance • Introducing Binance Exchange • The best alternatives for Binance Coinbase Exchange Kraken Exchange Kucoin Exchange FTX Exchange Gemini Exchange Bitstamp Exchange Bittrex Exchange • What are the Main Criteria for Choosing the Best Alternative to Binance? • Authenticity and Security • Trading Methods • Support for Multiple Coins • UI (User Interface) and UX (User Experience) • Liquidity • Transaction Fees • The Method of Saving Users’ Capital • Conclusion An important feature in choosing an exchange instead of Binance Liquidity is one of the most important reasons for choosing an exchange. The greater the liquidity in an exchange, the greater its credibility and the faster it can buy and sell. Liquidity is very important for users because if the liquidity of an exchange is high, if users feel threatened, they can sell their coins easily and in the shortest time possible and avoid possible losses and risks. In the table below, we have prepared a list of the best Binance alternative exchanges, along with their rating and average liquidity. Exchange Name Rank Liquidity Average Binance 1st 806 Coinbase 2nd  707 FTX 3rd  734 Kraken 4th  737 Kucoin 5th  573 Gemini 10th  674 Bitstamp 12th  617 Bittrex 26th  390   Note: Average liquidity means the total amount of liquidity for each day divided by the total number of working days. For example, the Binance exchange ranks first among exchanges with an average liquidity of 806.   Introducing Binance Exchange Binance is a leading cryptocurrency exchange founded in Hong Kong in 2017 by Chang Peng Zhao. This platform is considered one of the best digital currency exchanges in the world, with its main focus on trading altcoins. Binance is the largest exchange in the world, with support for 500 valid cryptocurrencies. Also, this exchange has the largest volume of daily transactions among all its competitors. Like other cryptocurrency exchanges, Binance offers services for trading, listing, investing, and sending or withdrawing digital currencies. Cryptocurrency enthusiasts who want to launch their own tokens can use Binance to raise funds through an Initial Coin Offering (ICO). The name Binance is an acronym for Bitcoin and Finance. This exchange has the highest security factor in transactions. The team also claims to have the capacity to process more than 1.4 million orders per second.     The best alternatives for Binance There are many alternatives to Binance, and in this section, we will introduce some of the best. 1. Coinbase Exchange Coinbase is the number-one choice for beginners and the right alternative exchange to Binance. Coinbase supports a wide range of digital currencies and is a good option for newcomers. A Coinbase mobile app with an easy user interface is also available for individuals. It is also connected to its own dedicated wallet, the Coinbase wallet. This wallet automatically stores your purchases from the Coinbase exchange. Of course, if you wish, you can transfer funds from this wallet to your personal wallet whenever you need. One of the special features of this exchange is the speed of cryptocurrency transfers. In addition to the possibility of manually entering the address of the source or destination wallet, users are also provided with the possibility of using QR scanning. Reasons for choosing Coinbase instead of Binance: High speed of cryptocurrency transfer Dedicated wallet Mobile application   2. Kraken Exchange Kraken, a secure foreign exchange and one of the best alternatives to Binance Kraken Exchange is the next alternative exchange to Binance. Registration and authentication on Kraken are not as complicated as Binance’s and are usually confirmed faster. Another advantage of the Kraken exchange is its superior security features, making it a good choice for those who are concerned about security and privacy when using Binance. This exchange has about 70 different coins. In terms of fees, however, Kraken charges relatively more than Binance. Reasons for choosing Kraken instead of Binance: Fast Registration confirmation and authentication 70 top cryptocurrencies Support High security in transactions Support via chat and email Reasonable fee   3.  Kucoin Exchange Kucoin is another popular exchange. You don’t need authentication for trading at the basic levels of this exchange, and you can use the facilities of this exchange simply by registering. Be aware that this exchange will require authentication for high-volume transactions and withdrawals. One of the reasons for using Kucoin instead of Binance is to use the native token of this exchange, i.e., KCS. This token is similar to the BNB token, and you can use it to facilitate your transactions on the Kucoin exchange. Just as buying BNB can be used to trade smart contracts on the Binance smart contract chain through decentralized exchanges like Pancakeswap, KCS can be used to trade smart contracts on the KuCoin community chain through exchanges like KoffeeSwap. Another similarity of KCS with BNB is its low fees and high transfer speed. Also, KCS is much, much cheaper than BNB. Reasons for choosing Kucoin as an alternative to Binance: Optional authentication Low fees Use of the Kucoin Native Token (KCS) Possibility of using native KCS tokens on Koffeswap Support via chat and email   4.  FTX Exchange FTX is a secure and high-performance trading platform with a set of tools for professional traders. This exchange supports more than 100 popular coins on the market. One of the positive points of this exchange is the possibility of currency pairs such as BTC/USDT and ETH/USDT. Reasons for choosing the FTX as an alternative to Binance: Suitable for professional transactions The possibility of buying and selling based on other tokens Exchanges of currency pairs Reasonable

Ethereum Staking Tokens Rally as Shanghai Upgrade Nears

Ethereum Staking Tokens Rally as Shanghai Upgrade Nears

Investor interest in projects with liquid staking is likely being fueled by Ethereum’s impending Shanghai upgrade, which will allow users to unstake their ETH. Liquid staking tokens are rallying as the withdrawal date for unstaking ETH approaches. Lido Finance (LDO) and Rocket Pool (RPL) have already posted significant gains over the past 24 hours. Liquid staking projects are likely fueling investors’ interest ahead of the upcoming Shanghai upgrade. News Sorce

US DOJ Announces Seizure of 55M Robinhood Shares

US DOJ Announces Seizure of 55M Robinhood Shares

Justice Department said it had seized 55,273,469 shares of Robinhood. Also taken control of more than $20 million in U.S. currency from ED&F Man Capital Markets. FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison pleaded guilty to related charges. News Sorce