While Kucoin is a well-known global cryptocurrency exchange, recent security concerns and regulatory challenges have led some users to explore other options for their digital asset needs. This guide will provide an overview of Kucoin, delve into the reasons you might consider an alternative, and present other platforms for banking and global payments tailored to your specific requirements.
What is Kucoin?
Founded in 2017 by early blockchain enthusiasts, Kucoin is a global cryptocurrency exchange designed to make digital asset trading accessible to all. The platform boasts a wide array of services, including spot and futures trading, staking, and lending for over 900 digital assets.
Operating in over 200 countries, the exchange is known for its competitive fee structure and advanced tools like automated trading bots. These features cater to both new and experienced traders, solidifying its position as a comprehensive trading hub.
What to Consider When Selecting a Kucoin Alternative?
When searching for a platform to replace Kucoin, it's important to evaluate alternatives based on your specific business and operational needs:
- Security and Trust:Evaluate the platform's security track record and insurance policies to ensure your digital assets are protected against potential threats.
- Regulatory Compliance:Verify that the platform adheres to financial regulations in your jurisdiction to avoid potential service disruptions or legal complications.
- Fiat and Crypto Integration:Look for robust support for both traditional currencies and digital assets, including easy conversion for payroll and expense management.
- Business-Specific Features:Consider whether the platform offers tools tailored for companies, such as corporate cards, expense tracking, and multi-user access.
- Customer Support:Assess the quality and responsiveness of customer service, as reliable support is vital for resolving financial issues quickly.
If these factors resonate with your priorities, explore our recommended alternatives in the next section.
10 Best Alternatives to Kucoin
1. OneSafe
OneSafe is a finance platform designed to streamline banking for businesses, particularly those operating in the Web3 and crypto sectors. We offer tools for straightforward fund management, rapid payments, and access to both traditional and digital assets.
Our platform facilitates a direct 1:1 conversion from USD to USDC on Polygon, simplifying payroll and expense management for global teams. Businesses benefit from our end-to-end expense and payroll solutions, quick onboarding, and responsive customer support tailored for the digital asset space.
Pricing
Here's a look at our straightforward pricing:
- Free Account Services: We offer free account opening and maintenance, no monthly subscriptions, free virtual and physical card issuance, and no minimum balance requirements.
- 0.1% Domestic & Crypto Fees: A low 0.1% fee applies to US domestic ACH/wires and USDT transactions.
- 0.2% International Payments: SEPA payments in EUR are 0.2% per transaction, while international wires are 0.2% plus a $50 SWIFT fee.
- Included Fiat ↔ Crypto Conversion: Swap between fiat and crypto at market rates with no hidden charges.
- $25 Flat Fee Fedwire: For domestic wire transfers requiring the Fedwire system, we charge a simple $25 flat fee.
Reviews
Clients often highlight our responsive customer support and our platform's effectiveness in simplifying payroll and banking for Web3 organizations.
- Amit Chu, Investments @ Celo Foundation: “OneSafe has the best customer support I've ever experienced from a bank.”
- Marco, CEO of Ensuro: “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.”
Want to learn more? Check us out here.
2. Wallester
Wallester is a financial technology company that offers corporate expense management through virtual and physical Visa cards. The platform is built to help businesses manage their financial operations.
It provides features such as real-time expense control, financial reporting, and integrations with accounting software. The system also includes instant virtual card issuance, multi-currency support, and API integration.
Pricing
Wallester provides a free plan that includes up to 300 virtual cards and unlimited physical card issuance, with no account or minimum balance fees. For businesses requiring more cards, additional virtual cards can be added for €0.20 per card per month, and premium plans are available.
Reviews
User reviews comment on the platform's interface, financial reporting features, and customer support. Some users also report on their experiences with integration and the timeliness of technical support. Check out more Wallester reviews here.
3. Credem
Credito Emiliano, or Credem, is an Italian banking institution established in 1910 that provides a variety of financial products. The bank's services include retail and corporate banking, insurance, and investment solutions.
One of its operational practices involves accepting wheels of Parmigiano Reggiano cheese as collateral for business loans. This method is an established part of its approach to lending within the region.
Pricing
Here is their pricing at a glance:
- Starts from €4 per month Account Maintenance: A fee is applied for monthly account services.
- Free Card Issuance: The bank does not charge a fee for issuing new cards.
- Free ATM Withdrawals: Withdrawals made at Credem ATMs do not incur a fee.
- Custom Investment Services: Pricing for investment products is determined on a case-by-case basis.
Reviews
User reviews often mention issues such as delays in receiving debit and credit cards and a lack of digital card options. Some feedback also indicates concerns regarding customer service responsiveness. Check out more Credem reviews here.
4. VIALET
VIALET is a Lithuanian Electronic Money Institution established in 2017, offering digital banking services for small and medium-sized enterprises. The company provides dedicated International Bank Account Numbers for various transaction types and offers card processing solutions for corporate clients.
The platform supports multiple payment methods, including C2B, B2B, and B2C, and provides banking APIs and mass payouts for global SMEs. It also accepts payments to and from cryptocurrency processors and offers accounts for EU-licensed crypto exchanges.
Pricing
VIALET does not make its pricing information public on its website. To receive pricing details, prospective clients must complete an application, after which they are provided with an initial price list that may be customized.
Reviews
Feedback from users indicates challenges with the account opening process, including requests for extensive information and slow communication. Reports also mention instances of unprofessional customer service. Check out more VIALET reviews here.
5. Reap
Reap is a financial technology company established in 2018 that offers products to manage financial operations for various businesses. Its services include the Reap Card, a secured corporate credit card, Reap Pay for multi-currency payments, and API solutions for card issuing and automated payouts.
The company's corporate card provides bill repayment options in both fiat and digital currencies, alongside features for spend control and global coverage. Its payment services are designed to let businesses make payments in their preferred currencies and handle global payouts.
Pricing
Here is a look at their pricing:
- No Annual Fee for Reap Card: The card does not have annual or hidden service fees.
- 1.2% Stablecoin Repayment Fee: A handling fee is applied for repayments made with stablecoins.
- 2% ATM & FX Fee: A fee is charged for ATM withdrawals and foreign exchange transactions.
- Custom API Pricing: Pricing for card issuing, payment, and compliance APIs is determined by product usage.
Reviews
User feedback on the platform is varied, with some reviews noting concerns about customer service, financial practices, and operational issues like credit limits being reset without notice. Check out more Reap reviews here.
6. Airwallex
Airwallex is a financial technology company founded in Melbourne, Australia, in 2015 and is now based in Singapore. It provides a range of financial services, including cross-border payments, multi-currency business accounts, expense management, and corporate cards.
The platform offers multi-currency accounts in over 20 currencies and applies foreign exchange rates with a markup of 0.5% to 1% above interbank rates. It also provides local transfers to over 120 countries, corporate cards with no international fees, and integration with accounting software like Xero and QuickBooks.
Pricing
Here is their pricing at a glance:
- Free Explore Plan: This plan is free for users who deposit at least $5,000 per month or maintain a minimum balance of $10,000. It includes multiple business accounts and free transfers to over 120 countries.
- $99/month Grow Plan: This plan includes all features of the Explore Plan, plus international batch transfers, expense management, and bill pay services.
- $499/month Accelerate Plan: This plan includes all features of the Grow Plan, along with centralized management of finances across global entities and single sign-on capabilities.
- Custom Plan: Pricing is tailored for high-volume businesses or those needing custom API implementations.
Reviews
User feedback indicates challenges with customer service, including delayed responses and account suspensions, alongside difficulties with the Know Your Customer (KYC) process. Check out more Airwallex reviews here.
7. Tide Bank
Tide is a UK-based financial technology company established in 2015, offering mobile-first banking services for small and medium-sized enterprises. Its platform provides current accounts, automated bookkeeping, integrated invoicing, and compatibility with various accounting software.
Businesses can open an account through the Tide app and utilize features such as expense cards for team spending. The service also accommodates cash deposits at UK Post Office and PayPoint locations and supports international payments.
Pricing
Here is their pricing at a glance:
- No Monthly Fee Free Plan: Charges include 20p per UK transfer and £1 per ATM withdrawal. Cash deposits at the Post Office incur a 0.99% fee.
- £12.49 + VAT per month Smart Plan: Includes 25 free UK transfers, one free expense card, and priority in-app support.
- £24.99 + VAT per month Pro Plan: Offers unlimited free UK transfers, two free expense cards, and 24/7 phone and legal support.
- £69.99 + VAT per month Max Plan: Provides unlimited free UK transfers, three free expense cards, and a dedicated account manager.
- 3-Month Free Trial for Paid Plans: Businesses can test features before committing to a paid plan.
Reviews
User feedback often points to challenges with customer support, including slow response times and difficulties with the in-app chat system. Some customers also report issues with account access, payment processing delays, and administrative errors during onboarding or account updates. Check out more Tide Bank reviews here.
8. Mercury
Mercury is a financial technology company that offers online business banking services tailored for startups and small businesses. The platform provides FDIC-insured checking and savings accounts, corporate cards, and integrated financial tools like bill pay and invoicing.
It allows U.S.-incorporated companies to open accounts without requiring U.S. residency and offers a yield on balances over $350,000. While there are no monthly account fees or minimum balance requirements, a 1% fee applies to currency conversions, and charges exist for treasury management and mass payments via API.
Pricing
Here is their pricing at a glance:
- Free Mercury Plan: Offers essential banking services, including checking and savings accounts, corporate cards, bill pay, and invoicing.
- $35/month Mercury Plus: Includes all features of the Mercury Plan with additional reimbursements and invoicing capabilities.
- $350/month Mercury Pro: Encompasses all features of Mercury Plus along with advanced workflows and dedicated support.
- Custom Solutions: For businesses with balances exceeding $10 million, Mercury provides tailored pricing and plan options.
Reviews
User feedback for Mercury is varied, with some customers reporting issues such as sudden account closures, frozen funds, and payment processing delays. There are also mentions of inconsistent customer support. Check out more Mercury reviews here.
9. Countingup
Countingup is a UK-based company founded in 2017, offering a business current account combined with built-in accounting software. This integration allows small businesses to manage their finances within a single application.
The platform includes tools for instant invoicing, automatic expense categorization, receipt capture, and real-time tax estimates. It is structured to automate financial administration, allowing business owners to direct attention to their primary operations.
Pricing
Here is their pricing at a glance:
- £3 per month: For accounts with total monthly deposits up to £750.
- £9 per month: For accounts with total monthly deposits between £750 and £7,500.
- £18 per month: For accounts with total monthly deposits exceeding £7,500.
- Additional Transaction Fees: Charges apply for various transactions, including 30p for transfers, £1 for ATM withdrawals, and 3% for foreign transactions.
- Three-Month Free Trial: A trial period is available to test the service before committing to a subscription.
Reviews
User feedback indicates some customers have experienced issues with account suspensions and delays in fund transfers. Other comments point to limited customer support options, noting the absence of phone assistance and slow response times. Check out more Countingup reviews here.
10. Brex
Brex is a financial technology company founded in 2017 that offers a suite of financial services. Its platform integrates corporate credit cards, expense management, travel booking, and business accounts to help businesses manage their financial operations.
The system utilizes AI-powered custom rules, real-time reporting, and accounting integrations to enhance control over financial management. It is designed to provide scalable solutions for startups, mid-sized companies, and global enterprises.
Pricing
Here is their pricing at a glance:
- Free Essentials: This plan includes global card acceptance, AI-powered custom rules, accounting integrations, local currency wires, travel booking, real-time reporting, Brex API access, bill pay, and reimbursements.
- $12 per user per month Premium: Includes all Essentials features plus multiple customizable expense policies, dynamic expense review chains, AI-powered compliance audit detection, advanced approvals, multi-entity support, and customizable ERP and HRIS integrations.
- Custom Enterprise: This plan offers all Premium features along with unlimited US or global entities, local card issuance, a named account manager, and fully customizable implementation services for global enterprises with specific needs.
Reviews
User feedback indicates a range of experiences, with some customers reporting issues related to customer service responsiveness and the resolution of complex account queries. Other comments point to challenges with the platform's user interface and unexpected account closures. Check out more Brex reviews here.
Which One Should You Go With?
Navigating the world of digital finance means finding the platform that best fits your business needs, and any of the options above could be the right fit. If you're looking for a platform that simplifies banking and global payments for Web3 and crypto-focused businesses, we believe OneSafe is an excellent choice. Sign up for OneSafe today to see how we can help your business thrive.
