Top 10 Alternatives to BitMEX

In this article, we will explore alternatives to BitMEX, a platform known for its tailored services for institutional and professional cryptocurrency traders. BitMEX offers a range of features including high security, proof of reserves, competitive trading fees, and 24/7 support, making it a popular choice for those seeking a robust trading experience.

Reviews

Users have shared a mix of positive and negative feedback about BitMEX. On the positive side, many appreciate the platform's robust security measures and the transparency provided by its Proof of Reserve and Liability process. The competitive trading fees and the availability of a wide range of derivatives contracts are also frequently highlighted as beneficial. However, some users have expressed frustration with the platform's user interface, describing it as complex and not very intuitive. Additionally, there have been complaints about the customer support response times, which some users found to be slower than expected.

• "The security features are top-notch, and I feel my assets are safe." - John D.
• "The interface can be quite confusing for new users." - Sarah K.

For more detailed reviews, visit BitMEX Reviews on G2.

Best alternatives to BitMEX

1. OneSafe

OneSafe is a financial technology company offering a blend of traditional and Web3 financial services, providing comprehensive account services tailored for companies that operate both in fiat and cryptocurrencies.

• Features: Simple onboarding, global payments, corporate cards, multi-currency support, global accounts, seamless payments, state-of-the-art security.
• Pricing: Account opening is free, no minimum balance, no monthly fees, corporate cards and invoices included, 0.1% fee for US domestic payments, 0.2% fee for SEPA payments, 0.2% fee + $25 for international wires, $20 for Fedwire, 1% FX fee on corporate cards, 0.1% fee for USDT transactions, fiat to crypto conversion included.
• Testimonials: Users praise OneSafe for its exceptional customer support and seamless integration of financial services. For more detailed reviews, visit the OneSafe website.

2. Wise

Wise offers an international account that allows users to send, receive, and manage money in multiple currencies. It provides cost-effective international money transfers, a multi-currency account, and a debit card for spending and withdrawing cash worldwide. Wise emphasizes transparency, low fees, and speed in its services.

• Features: Multi-currency account, low fees, guaranteed rates, Wise debit card, interest on balances, regulation and security, global reach.
• Pricing: Registering with Wise is free, sending money fees start from 0.29%, holding money in 40+ currencies is free, receiving local payments in specific currencies is free, receiving USD wire and Swift payments costs $6.11 USD per payment, receiving CAD Swift payments costs 10 CAD per payment, receiving Swift payments in 21 currencies is free (correspondent banks might charge fees).
• Testimonials: Users generally appreciate the multi-currency support and ease of use abroad. One user mentioned, "You can set up and receive multiple currencies. I could use it as my card/debit card abroad. Easy for me to convert the USD funds I have to the currencies of the country I'm vacationing." However, some users have criticized the customer support, with one stating, "Customer Support is the worst among all the products that I used, they're just incompetent." For more detailed reviews, visit the Wise Business Reviews on G2.

3. Airwallex

Airwallex is a trusted global payments and financial platform used by over 100,000 companies worldwide. It offers software and APIs to simplify global payments and financial operations, helping businesses unlock new opportunities and grow without limits.

• Features: Simple setup, fast transfers, cost-effective, human support, cloud native, high security, global compliance, proprietary local payments network, multi-currency wallet, high-speed transfers.
• Pricing: Explore Plan: $0 or $29/month (conditions apply), Grow Plan: $99/month, Accelerate Plan: $499/month, Custom Plan: Contact sales for details. Additional fees may apply for certain transactions such as FX, transfers, and payment processing.
• Testimonials: Users generally appreciate the intuitive app and efficient handling of multi-currency accounts. One user mentioned, "It’s straightforward to navigate, which helps keep things efficient, especially for cross-border transactions." However, some users have faced issues, with one stating, "They suddenly started to refuse money transfer for no reason." For more detailed reviews, visit the Airwallex Reviews on Trustpilot.

4. Hype

HYPE Business is an online business account tailored for sole proprietorships and freelancers with a VAT number. It offers a range of features designed to simplify financial management and enhance business operations.

• Features: Free ordinary and instant transfers, simplified F24 payments, Tax Manager for tax estimation and savings, micro-insurances, World Elite Mastercard with exclusive discounts, 7/7 customer support via WhatsApp, chat, and email, zero-fee promotion by meeting a monthly spending threshold, expense management tools, global payment capabilities, multi-platform access via app or computer.
• Pricing: Monthly fee of €2.90, annual fee of €34.80, no activation fee, free SEPA transfers, 10 free instant SEPA transfers per month (then €2 each), free cash withdrawals from ATMs in Italy and abroad, exchange rate markup of 1.5%, various payment fees ranging from €1.00 to €1.99, free card blocking and reissue due to theft/loss.
• Testimonials: Users generally appreciate the ease of use and the range of services available. One user mentioned, "Easy and intuitive to use, a lot of services available." However, some users have faced issues, with one stating, "I ve received my 1st transfer to my Hype account and only then found out that my account had been blocked." For more detailed reviews, visit the HYPE Reviews on Trustpilot.

5. Vivid Business

Vivid Business accounts offer a comprehensive financial platform for companies and freelancers, featuring fast registration, German IBANs, instant transfers, and a suite of financial tools. The accounts come with benefits like free IBANs, accounting software integrations, high-interest rates on positive balances, cashback on purchases, and secure fund management.

• Features: Free account with up to 30 DE IBANs, 5% p.a. interest rate on positive balance, cashback on every purchase with a free VISA card for every team member, SWIFT and SEPA instant transfers, integrations with accounting software like DATEV, sevDesk, Commitly, and Puls Project, team access with personalized permissions, mobile and web apps, compliance with PCI DSS, 3D Secure, and GDPR.
• Pricing: Free Start: €0/month, Basic: €7/month (excluding VAT) with 2 months free trial, Pro: €19/month (excluding VAT) with 2 months free trial, Enterprise: €79/month (excluding VAT) with 2 months free trial, Enterprise+: €249/month (excluding VAT) with 2 months free trial.
• Testimonials: Users generally appreciate the organizational benefits and cashback features. One user mentioned, "As a newcomer in Germany, I received a personal recommendation to open my account at VIVID. It’s been the best decision ever!" However, some users have faced issues, with one stating, "Vivid has terminated my account since October and they’re holding 6,700 Euros of my money!" For more detailed reviews, visit the Vivid Money Reviews on Trustpilot.

6. N26

N26 is a mobile banking service that offers a range of financial products and services through an intuitive app. It provides various account plans (Standard, Smart, You, Metal) with features like virtual Mastercard, free ATM withdrawals, 24/7 chat support, and innovative security measures. N26 also offers savings accounts with competitive interest rates and investment options in stocks, ETFs, and cryptocurrencies.

• Features: Virtual Mastercard, free ATM withdrawals in euros and abroad, 24/7 chat support in five languages, innovative security features including 3D Secure and biometric authentication, instant savings account with flexible interest rates, investment options in stocks, ETFs, and cryptocurrencies, no hidden fees, quick account setup from a smartphone or website.
• Pricing: N26 Standard: €0.00/month, N26 Smart: €4.90/month, N26 You: €9.90/month, N26 Metal: €16.90/month.
• Testimonials: Users generally appreciate the digital banking features and ease of use. One user mentioned, "One of the smoothest experiences I’ve had working with a service provider, let alone a bank institution!" However, some users have faced issues, with one stating, "I was quite happy with N26 a few years ago, but it went downhill. I have lost my phone and it is impossible to log in to my account." For more detailed reviews, visit the N26 Reviews on Trustpilot.

7. Brex

Brex is a financial technology company offering a comprehensive suite of financial services including modern corporate cards, expense management, business banking, bill pay, accounting, and travel management. Their platform is designed to help businesses control spend, automate busywork, and maximize financial efficiency using AI-powered tools. Brex serves companies of all sizes, from startups to enterprises, and operates in over 120 countries.

• Features: AI-powered automation, global reach in over 120 countries, high yield on business accounts, fast global payments, high credit limits, real-time tracking and controls, integrated solutions combining corporate cards, banking, bill pay, and travel management.
• Pricing: Essentials Plan: $0 per user/month, Premium Plan: $12 per user/month, Enterprise Plan: Custom pricing, Smart Card: Custom pricing.
• Testimonials: Users generally appreciate the ease of use and efficiency of Brex. One user mentioned, "Brex makes expense reporting so simple. The text feature on your phone to record receipts makes it almost impossible to forget to record expenses." However, some users have faced issues, with one stating, "When typing in descriptions or other details on the app if you make a mistake and try to correct it the typing always goes to the end of the sentence, even if you started at the beginning." For more detailed reviews, visit the Brex Reviews on G2.

8. Wallester

Wallester Business offers a comprehensive platform for managing corporate expenses through virtual and physical cards. The platform provides real-time card issuance, expense control, payment approvals, and detailed reporting. It is designed to streamline financial processes, enhance budget management, and support various business needs, including media buying and payroll management. The service is free to start, with no setup or monthly fees, and is suitable for businesses in the European Economic Area.

• Features: Instant card issuance, real-time transaction monitoring, payment approvals, media buying, integrated accounting services, customizable API, no setup or monthly fees, multi-currency support, recognized as the "Best Expense Management Platform".
• Pricing: The Free Package includes 300 virtual cards and unlimited physical cards with no monthly fees. The 3000 Virtual Cards Package costs €199 per month, and the 15000 Virtual Cards Package costs €999 per month. Additional virtual cards are available at €0.20/month per card for the 3000 package and €0.10/month per card for the 15000 package. Custom solutions are also available upon request.
• Testimonials: Users generally appreciate the efficiency and support provided by Wallester. One user mentioned, "Absolute number one for business card and global payroll system on line and on app. Super fast assistance in some channel whatsapp and telegram over email support." However, some users have faced issues, with one stating, "Bunch of scammers with terrible support. They will suspend your account and hold your money." For more detailed reviews, visit the Wallester Reviews on Trustpilot.

9. MuralPay

Mural is a platform designed to eliminate delays and fees in global payments and invoicing. It allows users to pay vendors and contractors in over 40 currencies using real-time payments.

• Features: Instant global payments, bulk payments, comprehensive financial operations including payments, invoicing, bill pay, virtual accounts, currency conversion, global reach supporting 170+ countries and 40+ currencies, cost efficiency with low transaction fees, institutional-grade security, KYB/KYC, audit trails, transaction monitoring, instant settlement, guaranteed delivery, integration capabilities.
• Pricing: The pricing details for Mural are not explicitly listed on the website. Potential customers are encouraged to request a demo to understand the cost structure and benefits tailored to their specific needs.
• Testimonials: Users generally appreciate the streamlined payment process and efficient onboarding. One user mentioned, "Mural has significantly improved our payment operations." However, some users have faced issues, with one stating, "The platform occasionally experiences delays in transaction processing." For more detailed reviews, visit the Mural Pay Reviews on G2.

10. Propulse by CA

Propulse by Crédit Agricole is a 100% online professional account service designed to support entrepreneurs in managing their business finances. It offers a comprehensive suite of tools and resources, including online account management, invoicing, payment processing, and automatic income declarations to Urssaf. The service is available with no commitment and includes a Visa Business card.

• Features: Fully online professional payment account, quick setup in less than 5 minutes, starting at 8 € HT/month with the first month free, payment limits up to 40,000 €/month, integrated invoicing tools, automatic income declarations to Urssaf, comprehensive support with over 1500 articles and guides, insurance coverage included, free online business plan creation with automatic financial calculations.
• Pricing: The Propulse account starts at 8 € HT/month with no commitment and the first month free. It includes a Visa Business card and offers payment limits up to 40,000 €/month.
• Testimonials: Users generally appreciate the ease of use and comprehensive features of Propulse by CA. One user mentioned, "Change la vie" (Life-changing). However, some users have faced issues, with one stating, "Frankly great application but it's a shame that instant transfers are not available and sending invoices or quotes from the application." For more detailed reviews, visit the Propulse by CA Reviews on Trustpilot.

Which one should you go with?

In conclusion, while each of these platforms offers unique features and benefits tailored to different business needs, OneSafe stands out for its seamless integration of traditional and Web3 financial services, exceptional customer support, and comprehensive account services. Whether you're a freelancer, a startup, or an established enterprise, OneSafe provides a robust and user-friendly solution for managing both fiat and cryptocurrencies. If you're exploring alternatives, any of these options could serve you well, but we highly recommend giving OneSafe a try for a truly versatile and secure financial experience.