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There are currently hundreds of crypto exchanges on the market. However, choosing an exchange is often based on a trader’s unique needs and strategies. While Coinbase is a preferred option due to its transparency, it is sometimes not ideal for traders seeking lower trading fees or different pairs. So, this article provides a list of 12 Coinbase alternatives that users of different levels can leverage to access the market. Let’s get to our list.
Etoro:Leading social trading exchange
Kucoin:Best platform for trading with over 700 cryptocurrencies supported
Binance:The most diverse and leading crypto exchange by market cap
OKX: Low-cost exchange with multiple options
Gemini:Best for regulatory compliance and transparency
Kraken:Ideal for trading with proof of reserve.
Robinhood:Suitable for stocks and crypto
Crypto.com:Best for multiple payment options
Uphold:Ideal platform for trading crypto and precious metals
Bybit:Best spot for buying and trading bitcoin and Ethereum
Gate.io:Suitable for comprehensive crypto trading
StormGain:Best for accessing multiple crypto services
Leading social trading exchange
eToro is one of the best Coinbase alternatives for users of all levels. eToro boasts a superb, simple, and intuitive website. This is particularly helpful for newbies. It also provides a practice account for traders to explore its trading systems without having to risk any real money. eToro isn’t a crypto-first platform. However, in terms of coin coverage, eToro covers the bulk of popular coins like Bitcoin, Ethereum, and others. In addition, eToro offers the CopyTrader system, which allows novice traders to mimic the trading strategies of more seasoned traders. eToro isn’t lacking in security either. It protects user privacy and doesn’t share user data without permission. eToro is suitable for users seeking to engage the market safely, even without much knowledge.
eToro’s Copytrading feature makes it different from Coinbase. This also makes it better positioned for beginners. In addition, eToro also boasts a more transparent fee structure than Coinbase. eToro caters to both cryptocurrencies and stocks. This adds versatility to its services.
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Best platform for trading with over 700 cryptocurrencies supported
KuCoin is a unique digital asset exchange. It prioritizes security and convenience and provides a wide selection of cryptocurrencies. KuCoin also supports several advanced features, such as trading bots, and provides yield opportunities.
KuCoin provides a greater selection of tokens and advanced crypto trading tools like margin. Compared to Coinbase, it provides a lot more opportunities for users to generate passive income from their cryptocurrency.
The most diverse and leading crypto exchange by market cap
Binance is one of the most preferred Coinbase alternatives. Binance is the leading crypto exchange by market cap. Its biggest edge lies in its global reach and robust support. Binance also supports a wide range of cryptocurrencies and provides low fees on transactions. Binance supports more than 500 trading pairs and features more advanced tools than most exchanges. In terms of security, Binance boasts advanced security measures. And it is open about its insurance funds to cover losses in the case of an attack. Binance is also pretty flexible. It is available on mobile, desktop, web, Android, and iOS.
Binance leads Coinbase in several areas. It provides more advanced trading tools than Coinbase and has a more global presence and reach than Coinbase. In addition, Binance has better trading volume than Coinbase and a stronger user base. Binance charges 0.6% total for simple trades. This means Binance’s simple trade costs are the same as Coinbase’s advanced trades.
Low-cost exchange with multiple options
OKX is pretty suitable for experienced traders seeking advanced tools for trading and low costs for transactions. Fees for market orders at OKX are 0.1%, while limit orders at the volume tier are around 0.08%. In addition to advanced trading tools, OKX is available in over 200 countries. OKX uniquely provides a demo account and trading bots for a smooth experience. Trading bots automatically execute trades based on the parameters the user specifies.
Coinbase and OKX are similar in terms of compliance, licenses, and adherence to security protocols. OKX is a better alternative to Coinbase for users outside the United States. OKX also provides more advanced trading tools than Coinbase. OKX has a strong earn platform, a Launchpad, bot trading, and much more, making it more user-friendly than Coinbase.
Best for regulatory compliance and transparency
Gemini is a popular crypto exchange and a decent Coinbase alternative. Gemini’s biggest appeal is its robust security protocols, compliance, and support for fiat money. It caters to both novice and seasoned traders with its user-friendly platform and cutting-edge trading tools.
Gemini matches up to Coinbase in several areas. But its high fees might be a drawback for some users. It also supports a lesser number of cryptocurrencies. However, it is arguably one of the most compliant exchanges and is available in all 50 US states. Gemini provides better customer service options than Coinbase.
Ideal for trading with proof of reserve.
Kraken is a perfect Coinbase alternative and one of the oldest crypto platforms. Although Kraken has faced regulatory issues with US authorities in recent months, it remains a decent spot for traders seeking diversity. Kraken supports a wide range of payment options, including USD, GBP, EUR, CAD, and JPY. It also features a wire transfer system. Trading on Kraken is a smooth experience and only requires one click.
Kraken excels in terms of security, OTC trading desk, and dark pool trading, whereas Coinbase is more user-friendly and notable for its debit card. While Coinbase could be a superior option for customers in the US, Kraken is a better option for cryptocurrency traders worldwide.
Suitable for stocks and crypto
Robinhood has a simple goal: to make crypto available to everyone, regardless of their experience. Although it does not support as many cryptocurrencies as Coinbase, it makes up for this flaw in different ways. It provides a “no commission required” policy on buying, selling, or trading any cryptocurrency. Its platform is designed so that newbies can easily navigate without much stress. Robinhood also treats compliance and regulations seriously. It does not provide its services in some US states to avoid breaching local laws. The platform is also very transparent and consistent in its pricing.
Coinbase supports more cryptocurrencies than Robinhood. This makes it a better option for traders whose needs are purely crypto-based. But Robinhood is a better Coinbase alternative for people who want an easy-to-use tool to help manage their stocks and cryptocurrencies on a single platform.
Best for multiple payment options
Crypto.com is a global crypto exchange and one of the first to push toward mainstream collaborations. Crypto.com’s appeal lies in its debit card rewards program, which gives customers who stake CRO—its native token—up to 5% in cryptocurrency cashback. Crypto.com emerged as a crypto payment platform. So, it provides several products, such as Visa cards. Crypto.com is also suitable for users seeking ways to earn crypto.
Both exchanges compete strongly across different lines, including fees, security, accessibility, and ease of use. Crypto.com offers lower fees and supports more cryptocurrencies than Coinbase. Crypto.com also provides a broader scope of offerings. This makes it capable of meeting the needs of a wide range of users.
Ideal platform for trading crypto and precious metals
Uphold is a multifunctional platform that supports several cryptocurrencies. Uphold’s appeal lies in its ability to easily convert between crypto, precious metals,and fiat currencies. Uphold is a solid alternative to Coinbase considering its flexibility, especially for users that manage a range of assets. Uphold also boasts some unique features, such as commodity trading, and anything-to-anything trading. It also has a strong selection of third-party integrations.
Coinbase and Uphold are both outstanding exchanges with unique strengths. Uphold is easier to use and provides more advantages for commodity exchange. However, Coinbase is better suited for long-term traders.
Suitable for trading Bitcoin and Ethereum with a strong focus on privacy
Bybit is a crypto platform that focuses on trading Bitcoin and Ethereum. Bybit is also a good Coinbase alternative, despite lacking in some areas. Bybit’s security and ease of use are its main advantages. It uses several modern security tools, such as two-factor authentication and encrypted data storage. In addition, Bybit operates a privacy-first policy that makes it safe to use.
The most noticeable difference is that Bybit concentrates more on sophisticated products like margin trading and derivatives, while Coinbase caters more to novice cryptocurrency traders.
Suitable for comprehensive crypto trading
Gate.io provides a smooth trading experience. Its services are not limited to cryptocurrency, like others. Instead, it offers a wide variety of digital assets for trading. Gate.io is good for users seeking to diversify their portfolios. Gate.io provides real-time data on some cryptocurrencies. So, users can make informed decisions.
Both platforms are good options. Coinbase is more beginner-friendly. However, Gate.io is more affordable and has impressive customer support.
Best for accessing multiple crypto services
StormGain is a feature-rich crypto exchange. It allows users to mine new tokens, trade cryptocurrency derivatives, store them in wallets, and use DeFi features like staking. The platform focuses strongly on trading cryptocurrency futures. StormGain is suitable for users seeking a wide range of trading options and security.
StormGain is ideal for day traders interested in digital assets, as it offers access to 60+ crypto futures with high leverage. StormGain also offers instruments such as tokenized silver and gold and crypto indices. So, unlike Coinbase, StormGain isn’t merely crypto-focused. Anyone interested in digital assets can leverage its services.
Coinbase is one of the safest crypto platforms, with high-reliability ratings. However, there are several reasons why traders might seek alternatives. For example, Coinbase Advanced Trading comes with high fees. So, it makes sense to explore cheaper alternatives. In addition, platforms like Binance provide advanced trading tools not available on Coinbase.
However, there are several factors to consider when searching for a Coinbase alternative. Ensure the platform offers lower fees to maximize your gains. Also, go for an exchange with advanced trading tools such as margin and derivative trading. Here’s the most important: only use reliable exchanges with a good track record.
In conclusion, understanding your specific trading needs and objectives is the first step toward selecting the best Coinbase alternative. There are lots of crypto exchanges that meet your needs, regardless of what they are. However, it’s advisable to only use platforms you understand and trust. Ensure that your Coinbase alternative will help you reach your trading goals. So, consider their fee structure, safety features, and user interface.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..