Ever since the news of the FTX collapse broke out, I’ve seen people lose their hard-earned money in Crypto.
And if you do not want the same fate for your crypto investments, you should check out some of the safest FTX alternatives.
So, let’s get started with the list –
Safest FTX Alternatives
Binance
Binance is a cryptocurrency exchange that also offers many other services. It has been operating since 2017 and has become one of the largest cryptocurrency exchanges in the world.
It allows you to trade bitcoin (BTC), litecoin (LTC), DASH, NEO, Ethereum (ETH), EOS, and other popular cryptocurrencies on its platform. You can also use it to deposit or withdraw funds from your cryptocurrency wallets using Binance’s wallet service called Trust Wallet.
The biggest advantage of using Binance is that it offers hundreds of trading pairs on its platform, including BTC/USDT, LTC/USDT, etc., so whatever coins you want to trade with USDT are available on this website.
However, if you’re new at crypto trading, do not take any chances with your hard-earned money because many scam websites are trying to steal people’s money by pretending to be legit crypto exchanges like Binance!
KuCoin
KuCoin is a Hong Kong-based cryptocurrency exchange that offers trading pairs for BTC, ETH, NEO, USDT, KCS, and many more. It is a popular exchange in the crypto space because of its low trading fees, high liquidity, and good customer service.
KuCoin charges only a 0.1% trading fee on all trades, making it one of the cheapest exchanges in terms of transaction costs.
In addition to their low transaction fees, they also offer an additional discount on their fee when you pay your trading fee with their native token, KCS (KuCoin Shares).
For example, if you are trading Bitcoin against Ethereum at 1 BTC = 1 ETH, you will be charged 0.1% as your transaction fee, but if you pay your trader fee with KCS, then a 50% discount will be given on this amount making it 0.05%.
Cex.io
Cex.io is a US-based cryptocurrency exchange that offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and other major digital currencies to its customers.
It is regulated by the Financial Crimes Enforcement Network (FinCEN). Cex.io was founded in 2013, and it’s based in London, UK.
Coinbase
Coinbase is a digital currency exchange headquartered in San Francisco, California.
On Coinbase, you can use your account to buy and sell cryptocurrencies using different methods, including credit cards, bank accounts, or PayPal. The platform also allows you to send payments via email or SMS if you have an existing Coinbase account on your phone number.
Bitstamp
Bitstamp is a European Union (EU) based bitcoin marketplace founded in 2011 by Nejc Kodrič and Damijan Merlak. The company is headquartered in London, UK, with its operational center in Luxembourg.
The site offers free wallets for users to buy and sell bitcoins, place orders on the platform, and deposit funds using credit cards, bank wire transfers, or SEPA payments. As a result of offering these services, Bitstamp has become one of the most trusted exchanges in the industry.
Gemini
Gemini, one of the most popular cryptocurrency exchanges in the United States and a big favorite among digital currency traders, is also an excellent choice for cryptocurrency beginners.
Here’s why:
- It has low fees. The daily withdrawal limit on Gemini is $2,500, which makes it easy to move your funds around as needed. And you’ll pay a 0.25% deposit fee if you want to buy more than $5 worth of cryptos there each day—a pretty reasonable request from an exchange that takes security seriously enough to have its own New York State charter (the same one used by BitLicense holders).
- It has high liquidity and reasonable prices for buying bitcoin or ether with USD or EURO at any time. Thanks partly due to its high popularity among experienced crypto traders who regularly use this website and beginner users like myself who might be unable to access other exchanges due to the geo-restrictions. But still, they need somewhere safe where they can convert traditional currency into digital money without much trouble.
Luno
Luno is a cryptocurrency exchange that’s based in Singapore. It was founded in 2013 and is one of the oldest crypto exchanges.
Luno has a high level of security, as it’s regulated by the Financial Conduct Authority (FCA) and has a military-grade authentication system that requires users to verify their identity before making any deposits or withdrawals on the platform.
The exchange also offers two-factor authentication for added security and PGP email encryption for its users who want to send sensitive information over email securely.
The mobile app for Luno is very user-friendly and lets you trade your coins seamlessly from anywhere around the world with just one tap!
Kraken
Kraken is a cryptocurrency exchange based in San Francisco, USA. It was founded in 2011 and is one of the oldest cryptocurrency exchanges. Kraken serves many countries, including the United States, Japan, and Canada.
The website operates as a regulated exchange compliant with the USA’s FinCEN and other regulations. The platform offers trading pairs such as BTC/EUR or ETH/USD, which means you can buy cryptocurrencies without converting them into another currency first (like USD).
HitBTC
HitBTC is a cryptocurrency exchange platform. The company is based in Hong Kong and was founded in 2013. It has a daily trading volume of USD 1 billion, which makes it one of the top ten cryptocurrency exchanges by volume.
HitBTC has an average rating of 6.4 out of 10 on ICO Bench, with an average product score of 5 out of 7 points. There are also many negative comments about HitBTC from customers who say they were scammed or lost money when trying to trade with the site due to technical issues and poor customer service support.
Changelly
Changelly is a cryptocurrency exchange that allows users to easily buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other altcoins. Users can also trade their BTC or ETH for any coin they want on the Changelly platform.
Changelly has a large number of supported coins, as well as an easy-to-use interface. In addition, the company has low fees compared to other exchanges, which makes it attractive for those looking for an alternative to FTX or Binance.
Conclusion
I hope this list of FTX alternative websites has helped you find the safest place to trade cryptocurrency. Of course, there are many other exchanges if none suits your needs, but I highly recommend choosing one from this list above.
That’s all for now.
If you’ve got anything else to ask, feel free to reach us in the comments below.
