If you're looking for an alternative to Coinbase, check out this list of 10 Coinbase competitors that are crypto investors' favorite exchange platforms now.
If you’re looking for a reliable and user-friendly cryptocurrency exchange, you might be wondering if Coinbase is the best option. While Coinbase is certainly one of the most popular exchanges available, there are actually a number of alternatives that might be a better fit for your needs. In this blog post, we’ll take a look at some of the best Coinbase alternatives currently available.
Why People Are Switching to Coinbase Alternatives?
If you’re looking for a simple and straightforward way to buy, sell, and store cryptocurrencies, Coinbase may not be the best platform for you. There are other options available that may better suit your needs.
- Coinbase has a complex fee structure, with high fees on certain transactions. This can make it difficult to budget and plan your finances.
- There are limited staking and interest opportunities available through Coinbase. This means that you may not be able to grow your money as much as you could with other platforms.
- Coinbase also has a history of suspending accounts without warning or explanation. This can be frustrating and disruptive, especially if you’re in the middle of a transaction.
To help you identify the best alternative cryptocurrency platform to Coinbase, we asked finance experts and experienced investors this question for their best insights.
10 Alternatives to Coinbase Used by Crypto Investors (Experts):
1. Gemini
Brian Greenberg, CEO at Insurist: The best alternative to Coinbase is Gemini. It is also one of the apps like Coinbase that give free crypto to new users. It is a fully regulated licensed US cryptocurrency exchange that offers bitcoin, Ethereum, Bitcoin Cash, Zcash, and Litecoin trading.
Next, Gemini is the only licensed digital currency exchange in the world to offer FDIC insurance protection for digital assets. Gemini’s mission is to build a bridge to the future of money by helping institutions integrate cryptocurrencies into their businesses.
Gemini has also partnered with Cboe to allow customers to trade Bitcoin futures (XBT). As Coinbase does not offer any other crypto coins apart from BTC, ETH, and LTC as yet, Gemini is a better option for those who want a wider choice of coins.
Related: 15 Ethereum Alternatives & Competitors
2. Bittrex
Antreas Koutis, Administrative Manager at Financer: I am a crypto investor and have gone to a dozen seminars. I have also had the opportunity to meet the CEO of Bittrex at a meetup. I can confidently say that Bittrex is the best alternative to Coinbase. The thing that I like most about Bittrex is that they offer more than just Bitcoin and Ethereum.
They offer a large selection of altcoins, which is perfect for me because I like to diversify my portfolio. Another thing that I like about Bittrex is that their platform is very user-friendly. I would highly recommend Bittrex to anyone who is looking for a great alternative to Coinbase.
3. Bitpanda
Gabriele Musella, CEO at Coinrule Limited: I think Bitpanda is better and cheaper even though they are not fully transparent about fee costs (they incorporate the fees in the overall amount to be paid). Bitcoin fees for withdrawal are 1.49% to buy and 1.29% to sell through Bitpanda.
Bitpanda is currently one of the least expensive exchanges for the instant buying and selling of Bitcoin. Coinbase fees are around 3.99% for a credit/debit card purchase and 1.49% for a bank transfer purchase. So, when looking for the best alternative to Coinbase, Bitpanda wins as the cheapest.
Value for money is one of the most important metrics that one should take into account while looking for the best alternative to a cryptocurrency exchange, as it shows whether the brand offers acceptable quality compared to the price.
In this case, Bitpanda provides the best value for money as an alternative to Coinbase.
See Also: What Is the Best Crypto to Buy Right Now and Why?
4. CEX.IO
Matthew Ramirez, Founder at Paraphrase Tool: Frankly speaking, CEX.IO is an obvious alternative to Coinbase, but for me, it is far and away the best. The trading platform is among the most user-friendly and intuitive ones around, and the same goes for the company’s digital wallet.
What I like best is that the company’s headquarters are in London, which means they are regulated by the FCA, unlike many of their competitors. This gives me a lot of peace of mind.
Moreover, this Coinbase alternative is designed to be user-friendly and easy to use, and it offers a variety of features that make it an attractive choice for investors. For example, CEX.IO offers a mobile app that allows investors to track their portfolios and make trades on the go.
CEX.IO also provides a variety of research tools and resources that investors can use to make informed investment decisions. In addition, it offers a wide range of investment options, including stocks, ETFs, and mutual funds. As a result, investors of all experience levels can find an investment option that meets their needs on CEX.IO.
