During the last major cryptocurrency wave, Kraken processed the majority of transactions in euros and was the leading exchange for euro liquidity.
Sure, things have changed since then, but the Kraken still appeals to most.
However, there are people like you who are smart and also want to diversify their use of the stock market, which is a good thing.
So here’s a list of cryptocurrency exchanges that I think are a better alternative to the Kraken exchange:
Best alternative to squatting in 2021
Cex.io has been serving millions of crypto users since 2014 and is a great alternative to Kraken if you want to get your hands dirty with popular cryptocurrencies.
Cex.io is based in the UK and offers you the opportunity to trade BTC, ETH, LTC, etc. pairs against USD/EUR currencies. There are many more, as I said, exactly 50+ trading pairs with decent liquidity.
Moreover, Cex.io has a simple registration process and a user-friendly KYC system that allows you to buy/sell cryptocurrencies via credit card or bank transfer.
The transaction fees are low and I find the user interface easy to customize. Sure, there are other technical analysis tools, but Cex.io does the job for both beginners and advanced users.
Finally, they also have mobile apps for users who want to trade cryptocurrencies on the go, and have a presence in almost every country in the world except a few!!!!!!
Are you looking for a large amount of cash with lots of crypto-currencies to trade?
Then you should take a look at Bitmax – another good alternative to Kraken.
BitMax joined the crypto party in late 2018 and is based in Singapore. This short time has garnered enough support from users around the world to place it in the top 50 cryptocurrency exchanges.
But it should be noted that unlike Kraken, BitMax is a pure crypto exchange that has nothing to do with money. But the fiat currency equivalent, such as USDC or USDT, is very well supported by BitMax.
The KYC process is fast and not necessary if your transaction volume is lower. In addition, advanced and novice traders on BitMax have access to advanced technical analysis trading strategies.
#3. Parts basis
The coinbase is the reason why millions of cryptocurrency users in countries like the US, UK and Canada have been able to take the leap into the cryptosphere.
Coinbase began operations in early 2012 and is based in the United States. Coinbase serves millions of customers worldwide and provides a decent place to trade popular cryptocurrencies.
However, KYC is a requirement on Coinbase and in some cases it can take a day or two to verify, otherwise it’s pretty quick.
In terms of liquidity, don’t worry too much because Coinbase has a huge amount of liquidity. Moreover, their mobile app is very convenient for users who want to trade cryptocurrencies on the go.
It is the most popular cryptocurrency exchange that allows you to trade popular cryptocurrencies such as BTC, ETH, LTC, ETH, BCH, etc. for fiat currency.
Finally, new Coinbase users can get an additional $10 bonus in BTC when they sign up with this link and make a transaction of at least $100!!!!!!!
If you don’t like Coinbase and are looking for a decent alternative to Kraken, I have to say Bitpanda is the place for you.
Bitpanda is a European cryptocurrency exchange, here you can easily buy/sell over 50 cryptocurrencies with many payment options.
I’ve been here since 2014. Bitpanda has seen it all and most importantly served millions of customers in the European region. So, if you want to trade cryptocurrencies in euros or in the UK, you should check out Bitpanda.
Make a Fiat deposit of at least €25 and trade with at least €25. You will receive an extra £10 if you do it now via this link.
Registering with Bitpanda is easy, and you can use your email address to get started with KYCing. KYC is mandatory when trading cryptocurrencies in low-cost currencies.
Finally, Bitpanda offers several payment options from which you can freely choose between PROFESSIONAL bank transfer, Visa / MasterCard, NETELLER, Skrill, GIROPAY / EPS, Amazon.co.uk voucher, Euro Wallet and bank transfer.
#5. Coin switch
CoinSwitch is another service that allows you to quickly exchange one currency for another.
The exchange is based in Bangalore, India, and allows for the trading of over 200 cryptocurrencies. However, it is the only cryptocurrency exchange and does not yet support fiat currency.
The best part is that there is no KYC requirement when you use this service, and it is also optional.
It gets better:
When you trade over $100 in cryptocurrencies with CoinSwitch, you automatically receive an additional $5 in BTC rewards; how cool is that?
Binance.je (Binance Jersey exchange) is a sister exchange to Binance.com, founded and registered in the island of Jersey, British Isles.
Binance. ever provides a stable and secure fiat to crypto exchange platform built on the same technology as Binance, allowing European and UK residents to buy/sell BTC, ETH, LTC, BCH and BNB against currencies such as GBP and EUR.
Binance.je has low liquidity, but if you want something with cheap transaction fees, Binance.je is what you need!!!!
Last on this list of popular alternatives to Kraken is BitBay, which has been based in Europe from Poland since 2014.
BitBay allows you to trade cryptocurrencies in EUR and USD, and we’d say it has a fair amount of liquidity on its exchange. There are currently more than 80 currency pairs registered on this site.
KYC is mandatory on BitBay if you want to touch currency pairs, but the process is pretty quick.
Finally, for users who need a cryptocurrency trading platform like Kraken that can be accessed through mobile apps, BitBay is a solution to consider.
Alternatives to the Kraken crypto-currency exchange
Without a doubt, all the exchanges mentioned are the best of their kind, but none of them, including Kraken, are suitable for long-term storage of your cryptocurrencies.
So, if you want to avoid future exchange hacks, I suggest you never use any of these exchanges to store cryptocurrencies for long periods of time.
On the other hand, you need to use a hardware crypto-currency wallet.
Hardware wallets like the Ledger Nano S or Ledger Nano X sell for less than $100, and I think it’s worth paying for the long-term security of your currency.
frequently asked questions
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