Binance alternative for swapping USDT with local money
Unigox is a Binance alternative for swapping USDT with local money: sell USDT and get paid by bank transfer or mobile money, or buy USDT the same way. Keep Binance for other coins, Earn or picking your own P2P ad.
When Unigox fits better than Binance
Your currency is missing from Binance P2P
If Unigox serves your currency, you can send your USDT to Unigox and sell it there. Binance P2P has no USDT ads in some currencies and no entry for them in its currency menu.
You want a company, not a person, on the other side
Where a currency has payment businesses on Unigox, you can choose to trade only with them, so a company sends or receives your local money. Binance P2P ads come from other Binance users, some of them merchants Binance has verified.
When to stay with Binance
You trade other coins or use Binance Earn
Binance lists over 600 coins and runs Earn.
You want to pick your own P2P ad
Binance P2P has thousands of USDT ads in some currencies, and some can pay more per USDT than Unigox. You see each ad's price and payment methods and pick one.
You are in the United States
Unigox does not currently offer its services in the United States. Binance.US does, and pays out US dollars by bank transfer (ACH) in the states where its USD services are open.
Binance vs Unigox
| Topic | Binance | Unigox |
|---|---|---|
| What it is | A crypto exchange with spot trading, Earn and a P2P marketplace. Binance says it lists over 600 cryptocurrencies. | A service that swaps stablecoins with local money, through P2P merchants and payment businesses. |
| Local currencies | Dozens to thousands of USDT ads in most currencies we searched. | Each Unigox currency shows whether you can buy USDT, sell it, or both, and whether P2P merchants or payment businesses fill the trade. |
| Where the crypto sits during a trade | During a P2P order the crypto is reserved in Binance escrow until the trade completes. | During a trade the crypto sits in an on-chain escrow that Unigox can release only to the buyer or the seller. |
| Fees and price | Taking a USDT ad costs a flat 0.06 to 0.08 USDT per order in most currencies and nothing in a few. P2P Express takes 0% to 0.25%. Each ad sets its own price. | Unigox shows what you get for your amount before you confirm, with its fee already in the rate. |
| Identity check | Required for all Binance users. | Required before your first trade, at any amount. |
| Regulation | Binance works through local companies in some countries. For example, Binance says its Abu Dhabi companies are regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxYour first Unigox trade after Binance P2P
Choose currency, amount and payment
Pick your currency and amount, then how you get paid or pay, such as a bank transfer or mobile money.
Verify and confirm
Verify your identity before your first trade, then confirm the rate shown for your amount.
Send USDT, get paid
To sell, send USDT into the trade from your Unigox Wallet or from another wallet or exchange, which may charge a network fee. Once the local money reaches you and is confirmed, the escrow releases the USDT to the buyer.
Binance P2P questions
What is a good alternative to Binance for P2P USDT trades?
If you only swap USDT with local money, Unigox is one option: one rate for your amount, with the Unigox fee in it. Keep Binance for other coins and Earn.
Is there an app like Binance for selling USDT for local currency?
Yes. Unigox works in any browser and has an Android app (Google Play or APK); its iPhone app is listed only in Canada's App Store.
Who are Binance's competitors for USDT swaps?
Unigox is one. We have also compared Unigox with Bybit, OKX and KuCoin.
Read the Bybit P2P comparisonHow much does Binance P2P charge per order, and how does Unigox charge?
A USDT ad on Binance P2P costs 0.06 to 0.08 USDT per order in most currencies, and P2P Express takes 0% to 0.25%. On Unigox the fee is inside the rate you see for your amount. If your USDT sits on Binance, add the Binance withdrawal fee for the network you send it on.
Compare rates with Binance P2P
Type your amount on Unigox, then compare what you get with the Binance P2P ads that day.
Binance, Binance P2P, Binance.US and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.