Upbit is a attractive and centralised cryptocurrency platform, but can also be expensive and not as easy as it should. Binance, KuCoin, and Huobi Global are our top 4 Upbit alternatives. To match your needs, we'll check the main features, cost, liquidity, safety, and trading tools but one of the best to look at is simplicity and usability. Below you can find our best alternative for Upbit
Below you can find our Top four alternatives. If you don't know what is the best option for you, just try them all. It's free on all of them to make an account and slowly start discovering the platform which suits you best.
Binance, KuCoin, and Huobi Global are our top 4 Upbit alternatives
. Let's take a look at each of them from the standpoint of usability and security.Alternatives for Upbit compared
Binance, Kucoin and Huobi Global trading interfaces contain a powerfulset of tools and options to help you in your trading analysis. These include:
- Candlestick charts
- Depth charts
- Time intervals
- Drawing tools
- Technical indicators
The TradingView and trading tools are accessible in both the Classic and Advanced versions of Binance, Kucoin and Huobi Global.
Moving Averages
On the chart, you'll see that moving averages are already visible. By selecting the setting icon, you may access their settings. Each moving average is recalculated based on the time chosen window. For example, MA (7) is the moving average of your time period over seven candles (e.g., 7 hours on a 1H chart or 7 days on a 1D chart).
Depth
Depth is a visual depiction of the order book's unfilled buy/sell orders.
Candlestick Charts
A candlestick chart is a graphical depiction of an asset's price fluctuations. Each candlestick's timing may be customised to visualise a certain era. Each candlestick presents the open, close, high, and low prices for the time, as well as the highest and lowest prices.
Drawing tools
Several drawing tools and settings are accessible on the chart's left side to help you with your charting analysis. You may also find multiple variants of each tool's principal purpose by right-clicking it.
Candlestick Intervals
By selecting one of the default settings above the graph, you may adjust the timeframe showed by each candlestick. Click the downward-facing arrow on the right-hand side if you want extra intervals.
Long/short position
You may track or replicate a trading position using the long or short position tool. The Entry Price, Take Profit, and Stop-Loss levels may all be adjusted manually. The relevant risk/reward ratio will then be displayed.
Technical Indicators
In the trading view, technical indicators like the Moving Average and Bollinger Bands may be included. When you've decided on a technical indication, it appears on the candlestick chart.
Features & Usability
Features of BinanceeWallets: Binance operates digitally, with fiat money being deposited and withdrawn yet being held in a digital wallet. Binance has almost every major eWallet.
Mobile Trading: Traders may utilise the Binance mobile application to keep an eye out on the cryptocurrency market even when on a trip. All newer mobile platforms and devices are supported by the Binance mobile app.
Trading Accounts: Binance offers a variety of trading account kinds to meet the demands of all users. Basic and Advanced Binance accounts are the two most common varieties. Customizations can be made to the account based on the needs of the trader. Binance offers Margin, P2P, and OTC trading accounts to experienced professional traders.
Features of Huobi
Easy to Navigate: The Huobi website, like many other crypto exchanges, is simple to use and blends functionality, visual appeal, and elegance. Within the trading interface, suitable price feeds, charting tools, and market depth data are structurally displayed.
Flash Trade: A combination of an order book, a chart index, and a market chart, this is one of Huobi's most intriguing features. Users can utilise the Flash Trade to test real-time trading volume, which is definitely useful during times of huge volatility.
Multiple Platform Compatibility: The Huobi platform is compatible with multiple of operating systems, including Mac, Windows, iOS, and Android.
Swift Customer Support: Huobi's customer service is quick to reply to any difficulties that customers may have. It's also simple to get in touch with the company's customer support department. Within an hour, the customer support service responds to any trading questions.
Features of KuCoin
Leveraged Tokens: The platform supports leveraged tokens by allowing about 45 different leverage tokens. Furthermore, it is {growing|expanding) and now offers leveraged trading on the S&P 500. MOVE contracts are also available for traders that use KuCoin solely.
Fiat Currency Transfers: The platform supports fiat currency transfers in the following currencies: USD, EUR, and GBP. Security is enabled on the KuCoin platform to secure credit card deposits. On transactions that have been maximizing their profit potentials, the platform additionally provides approximately 100x leverage.
Coins offered
Coins at Binance
Binance has the largest number of cryptocurrencies available to its customers of any exchange. On the spot market, it presently has over 350 cryptocurrencies. Binance has an edge over other crypto exchanges in that it provides clients a huge range of currencies to pick from.
Binance's own cryptocurrency, BNB, has proven to be a game-changer for the exchange. It was one of the first native platform tokens to be released, and it had a huge influence on how many platforms operated. Within the Binance ecosystem, BNB tokens may be used for a variety of purposes, including decreased trading fees, staking, and BNB vaulting.
Coins at Huobi
Huobi allows users to trade more than 200 different crypto currencies and tokens. This is the place to go if you want to hold coins for the long term (HODL) or do margin trading. Users may purchase HB10, which monitors the Huobi 10 index, through Huobi Pro (sometimes known as 10 dollar).
Huobi OTC specializes in futures and options trading. These marketplaces provide consumers more flexibility in terms of setting pricing and deadlines for transactions. Huobi introduced the HT token, which operates on the Ethereum blockchain, as part of its business.
Coins at KuCoin
Although KuCoin is known for its derivative markets, it also features a spot market with a lot of cryptocurrency pairs. BTC, USDT, BRZ, TRYB, USD, and EUR are among the crypto assets that are coupled with six base currencies.
The KuCoin Token aka KCS, which is extensively utilized in the KCS ecosystem, is the platform's native utility token. The native token can be used in a variety of ways. Some of them include a trading charge savings.
Volume / liquidity benefits
The ease with which an asset may be traded for cash without influencing the item's price is referred to as liquidity. There are two parts to this definition: easiness (the amount of time and effort necessary) and cost (slippage, or the difference between the expected price and executed price, on a large order).
Both components are crucial when it comes to liquidity in the context of cryptocurrency platforms. A trader must complete deals as rapidly as feasible and at the lowest possible cost.
Binance reigns supreme in terms of liquidity. Binance has a liquid cryptocurrency market because there are constantly traders wanting to buy or sell BTC and other cryptocurrencies, and the bid-ask spread is generally rather tight.
Huobi Global and KuCoin are steady top 10 in terms of liquidity and 24 hr. volume, according to the coinmarketcap website.
Trading Fee
A tiered "maker" and "taker" model is the most common fee structure employed by cryptocurrency platforms. It creates tiers depending on trading volume and charges maker and taker fees based on that volume.
A maker is a party who sells bitcoin to establish a market on the platform, while a taker is a party that buys cryptocurrency to remove it from the market. Fees are paid by both parties in the transaction, but creators often pay less.
Platform fee schedules are meant to encourage frequent trading in big transaction amounts worth thousands of dollars. Commissions often drop when a trader's 30-day total trading volume rises.
Trading Fee at Binance
You'll be charged fees and have withdrawal limitations depending on how you use Binance. You'll notice 0.1 percent spot trading fees and fees based on your 30-day trading volume thanks to VIP ratings based on your trading volume. Traders with volumes under $50,000 pay 0.1 percent/0.1 percent maker/taker fees, with costs decreasing in stages after that.
You may get a 25% discount on any costs if you use Binance's cryptocurrency BNB. Buying and selling bitcoin also incurs a 0.5 percent charge.
Trading Fee at Huobi
Huobi Global has one of the lowest buy and sell order rates in the industry, they begin at 0.2 percent every trade, which may be further go down by holding HT tokens. Other worldwide platforms like as Gemini and Coinbase charge between 0.25 percent and 0.5 percent each trade against fiat and crypto pairings, so the costs are slightly less expensive.
Trading Fee at KuCoin
KuC~oin has a tiered fee system that pays you for doing more trading. Maker and taker fees are reduced as your trading volume increases. Depending on whether you're a maker or a taker, you'll be paid different fees on the spot market. For moving money in and out of the exchange, you may have to pay wire transfer and automated clearing house (ACH) fees.
Trading Fee at KuCoin
Compared with other major exchanges, KuCoin offers relatively low trading fees. Users can expect to pay between 0.0125% and 0.10% per trade depending on the maker and taker side of trading
Accessibility & security
Binance Security
Binance is a top-rated safe crypto exchange, according to user Binance reviews. It's a secure trading platform with end-to-end security features and services. Binance offers a robust data protection environment named Binance chain, which sets it apart from other famous crypto focused competitors.
Every day, the Binance platform processes a huge number of cash and coin transactions and withdrawals. On the Binance exchange, several hacks have been attempted. Binance, on the other hand, does not tolerate such abuses and has gone so far as to briefly halt its service in order to preserve its users' funds.
Binance's security score is checked on a regular basis, and its website is monitored by Mozilla system administrators and security experts. They safeguard Binance sites and help them get a B+ security grade, which is much higher than the industry standard.
Huobi Security
According to different internet evaluations and our research, the Huobi exchange platform's security procedures are well-organized, as one would expect from such a large and well-known cryptocurrency platform.
The exchange is based on a distributed system design, with around 98 percent of its clients' funds maintained in multi-signature offline cold storage wallets for extra security. There have been no known incidences of cybersecurity intrusions against the crypto platform since its establishment.
KuCoin Security
KuCoin's grade about security is good. Two-factor authentication (2FA) is used by KuCoin to ensure the security of your data.
The software helps safeguard user accounts at every stage of the process by using Authy, Google Authenticator authentication. Different subaccounts gives gives extra rights for maintaining and creating several portfolios in one 'login' area.
Specific orders types
You engage with the market by placing orders while trading stocks or cryptocurrency:
Market Order
A market order is a command to buy or sell something immediately now (at the current market price).
Limit Order
A limit order instructs the trader to hold off on executing the trade until the price reaches a certain level.
In short, that's how orders work. Of course, depending on how you want to trade, each of these two categories has multiple versions that accomplish different things.
One-cancels-the-other (OCO) orders
A "one cancels the other" (OCO) order is a smart mechanism that combines two conditional orders into one. The other gets terminated as soon as one is activated.
Good ‘til canceled (GTC)
Good 'til canceled (GTC) is a ordertype that instructs a transaction to remain open until it is either actioned or manually canceled. This is the default setting on most cryptocurrency {platforms|marketplaces|exchanges.
Immediate or cancel (IOC)
Immediate or cancel (IOC) orders require that any portion of the order that isn't filled right away be canceled.
Fill or kill (FOK)
Orders to fill or kill (FOK) are either filled right away or killed right away (canceled). It wouldn't partly fill your order if you told the exchange to buy 10 BTC for $10,000. If the whole 10 BTC order isn't available at that price now, it will be canceled.