Best Kraken 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.

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

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.

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

#3 alternative

Interactive Brokers

active

The grown-up global broker. Ugly site, serious plumbing.

4.5

Greenwich · 3.3M accounts · Public (IBKR)

8.6Strong

The broker column’s control. eToro is the social alternative; IBKR is the actual one.

Best for: Investors who will tolerate TWS for cost and market access.

Licence

Broker-dealer / FCM

Protection

SIPC up to $500k (US entity) · local schemes on other entities — not a bank

Monthly

No inactivity on many accounts · commissions on trades

#4 alternative

BingX

active

Derivatives-heavy exchange. VASP by market. Not a bank. Not a card programme on this file.

International · Exchange · Private

6.8Mixed

BingX is a trading venue. File it on Exchanges next to Bybit, not on Neobanks. Official homepage only. Their partner rules treat pages that look like the official site as phishing. NeoBankDB will not win that argument by decorating a /signin link.

Best for: Readers who already know they are opening an exchange account.

Licence

BINGX GLOBAL PTY LTD — verify 644804571

Protection

No statutory deposit scheme on crypto balances.

Monthly

Trading fees — confirm live

#5 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.

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)

#6 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.

Licence

VASP by market

Protection

None statutory on crypto

Monthly

Derivatives fee schedule