Alternatives

Best FTX alternatives

FTX scores 5.2. These are live products this desk would open next — each with a full review, not a leftover affiliate tile.

5.2Caution
FTXCoinbaseKrakenExodusCrypto.com
Editorial score5.27.57.97.67.2
HQNassau / Hong KongSan FranciscoSan FranciscoOmahaSingapore
MonthlyFree to hold Maker-taker Free wallet Card tiers gated by CRO stake (terms change — verify)
ProtectionNone. Bankruptcy estate.Not FDIC on crypto. USD cash may sit at partner Crypto not insured. Cash may be at partner banksSelf-custody — you are the bank. No scheme.Crypto not insured. Card is a spend product on a
Cardnonevisanonenonevisa
UsersBankrupt100M+13M+4M+80M+

Full alternatives

#1 alternative

Coinbase

active

The public US crypto exchange with a retail app people keep.

4.4

San Francisco · 100M+ · Public (COIN)

7.5Solid

The conservative CEX pick in this register. Kraken for the same job with a different culture; Binance for depth with a different risk.

Best for: US and UK retail who want the most licensed large exchange, not the cheapest.

Why it beats FTX

  • Public company
  • US regulatory posture
  • App quality

Watch-outs

  • Retail spreads
  • Support / lockout lore
  • Not a bank
Licence
MSB + state money transmitter / trust
Protection
Not FDIC on crypto. USD cash may sit at partner banks with FDIC — confirm product.
Monthly
Free to hold · spread/fee on trade

#2 alternative

Kraken

active

The exchange that kept proving it could survive everyone else’s collapse.

4.4

San Francisco · 13M+ · Private

7.9Solid

The grown-up alternative to Coinbase. Still not a bank.

Best for: Traders who want a US-rooted CEX that is not Coinbase.

Why it beats FTX

  • Survival record
  • Fees vs Coinbase retail
  • Culture of proof-of-reserves talk

Watch-outs

  • UX is less consumer
  • Support on locked accounts
  • Bank charter is a plot, not a product
Licence
US MSB + exchange
Protection
Crypto not insured. Cash may be at partner banks.
Monthly
Maker-taker · staking extras

#3 alternative

Exodus

active

Pretty self-custody wallet with built-in swap.

4.5

Omaha · 4M+ · Public (EXOD)

7.6Solid

A wallet. If you lose the seed, this register cannot help you.

Best for: People moving off an exchange who still want a designed app.

Why it beats FTX

  • UX for self-custody
  • Multi-asset
  • Listed company

Watch-outs

  • Swap is not the cheapest
  • Seed phrase is the product risk
Licence
See review
Protection
Self-custody — you are the bank. No scheme.
Monthly
Free wallet · swap spreads

#4 alternative

Crypto.com

active

The stadium-named crypto app: exchange, card, and a metal hierarchy.

4.4

Singapore · 80M+ · Private · large strategic rounds

7.2Solid

A crypto card with a marketing budget. Score the current stake table, not the 2021 one. RedotPay is often simpler for pure USDT spend.

Best for: Users who want a metal crypto card and will read the stake terms twice.

Why it beats FTX

  • Card design and Apple Pay
  • Brand everywhere
  • App craft

Watch-outs

  • CRO-gated benefits moved
  • Trustpilot is a war zone
  • Rewards ≠ safety
Licence
Exchange + card programme by market
Protection
Crypto not insured. Card is a spend product on a crypto/fiat account.
Monthly
Card tiers gated by CRO stake (terms change — verify)

#5 alternative

Bybit

active

Derivatives-native exchange with a retail app and a card experiment.

4.5

Dubai · 50M+ · Private

7.3Solid

A trading venue. Do not park life savings here because the app is pretty.

Best for: Derivatives traders outside restricted markets.

Why it beats FTX

  • Futures depth
  • App

Watch-outs

  • Not for the conservative register pick
  • Regulatory variance
Licence
VASP by market
Protection
None statutory on crypto
Monthly
Derivatives fee schedule

#6 alternative

Binance

active

The liquidity monster. Product depth with a regulatory scar tissue.

4.5

Global / remote · 200M+ · Private

7.6Solid

Score the venue, not the Twitter. For a conservative register pick, this is not it. For liquidity, it still is.

Best for: Experienced traders outside the US who want depth and accept entity risk.

Why it beats FTX

  • Liquidity
  • Product catalogue
  • P2P in emerging markets

Watch-outs

  • US history / settlements
  • Trustpilot
  • Not a bank
Licence
VASP / exchange licences by country
Protection
None in the bank sense. SAFU fund is a company programme, not a statutory scheme.
Monthly
VIP fee tiers · BNB discounts

Questions

Why look beyond FTX?+

FTX is scored 5.2. Weaknesses on this desk: Everything. Alternatives above are scored independently, not paid placements.

Are these FTX alternatives available in the same countries?+

Coverage is per product. Open the country desk and the individual review — a UK bank licence does not travel, and an EMI is not FSCS.

How do I compare them side by side?+

Use Compare on any card, up to four products, then open the compare desk.

Back to the FTX review