Binance DEX logo
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Binance DEX


Decentralized Exchanges
What are the best Binance DEX alternatives?

We have 5 alternatives to Binance DEX. The best Binance DEX alternatives are PancakeSwap, Uniswap, and SushiSwap.


What is Binance DEX?

Binance DEX is a decentralized exchange released in 2020, running on the Binance blockchain. The parent company of Binance DEX is of course Binance, the world's largest crypto exchange, and their DEX has grown rapidly. Binance DEX is decentralized, and like most DEXs does not accept fiat deposits, does not perform KYC, and allows clients to keep full control of their own private keys (and therefore their assets) increasing security as compared to a centralized exchange. All transactions are recorded on the blockchain for later review. Binance DEX is very fast, with usual sub-second block times, compared to ETH or BTC at 20 seconds or ten minutes respectively. The Binance DEX trading interface is considered to be for sophisticated users, has very low fees, and is integrated with (Binance's) Trust wallet. At the time of writing, Binance DEX was the 64th largest DEX exchange and only does around a tenth of the volume of Binance's centralized exchange.


What platforms does Binance DEX run on?

Binance DEX runs on Web.



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decentralized exchange dex binance dex

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Screenshot of Binance DEX.

Binance DEX alternatives

1. PancakeSwap

PancakeSwap logo
An image of PancakeSwap.

PancakeSwap is an AMM DEX, or automated market maker decentralized exchange, which was launched in 2020 running natively to the Binance or BNB blockchain. CAKE is the native token of PancakeSwap, and can be used in the ecosystem for staking, trading, yield farming, and playing in a lottery, as well...

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2. Uniswap

Uniswap logo
  • Category: Decentralized Exchanges
  • Platforms: Web
  • Tags: decentralized exchangedexethereum dexpolygon dexoptimism dexarbitrum dex
An image of Uniswap.

Uniswap is the big daddy of the decentralized exchanges, with by far the largest volumes. Uniswap was launched in 2018 as the first ERC-20 DEX running on the Ethereum network. Uniswap is an AMM, an automated market maker, with among the highest TVL, or total value locked in collateral provided...

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3. SushiSwap

SushiSwap logo
  • Category: Decentralized Exchanges
  • Platforms: Web
  • Tags: decentralized exchangedexethereum dexpolygon dexoptimism dexarbitrum dexavalanche dexmoonbeam dexmoonriver dexfantom dexgnosis dexharmony dextelos dexcelo dexfuse dex
An image of SushiSwap.

SushiSwap is a DEX launched in 2020, running on Eth with the governance token Sushi, founded by anonymous Chinese and French Chef Nomi and OxMaki. SushiSwap was a lookalike fork of UniSwap's AMM and liquidity farming, with parts of Compound Finance and Yam finance. Added functionality vs Uniswap includes running...

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4. BakerySwap

BakerySwap logo
  • Category: NFT Marketplaces
  • Platforms: Web
  • Tags: nft marketplacedexcrypto launchpad
An image of BakerySwap.

BakerySwap is a fully automated marketplace where you can design, buy, or sell NFTs. This marketplace runs on the Binance Smart Chain and has its own token called BakerySwap tokens (BAKE). It offers Defi services as well as being a crypto launchpad and NFT supermarket that hosts memes, art pieces,...

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5. 1Inch

1Inch logo
An image of 1Inch.

1Inch is a DEX, or decentralized exchange, as well as the 1Inch governance token, used to control the 1Inch Dao, or Decentralized Autonomous Organization. The 1Inch network was launched in 2019, and the token in 2020. 1Inch's mission is to optimize trading across blockchains by searching for the best prices...

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Reviews



2022-06-21 18:50:15

Binance DEX is one of the most secure ones available. For starters, as with other decentralized exchanges, servers are spread out across the globe instead of being in a more concentrated area. This means that they are virtually immune to attacks, with lower risk of downtime.