10 Coinbase Alternatives 2024 - Best rates & fees
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Discover cost-effective alternatives to Coinbase with lower fees and diverse offerings, empowering your cryptocurrency trading decisions.
Gain a comprehensive understanding of the benefits and unique features offered by each platform for informed decision-making.
Looking for alternatives to Coinbase with the best rates and fees? Our crypto tax experts have meticulously curated a list of the top 10 alternatives to Coinbase. Let's delve into the details, starting with our top three picks.
How our crypto tax experts selected the 10 best Coinbase alternatives
Our picks of the 10 best Coinbase alternatives
Here is our comprehensive list of the 10 best Coinbase alternatives identified and reviewed by our crypto tax professionals, with pros and cons so you can quickly identify the platform that’s right for you.
Best for global reach and support
Binance, a global giant in the cryptocurrency space, takes the lead as our top pick. Known for its extensive global reach and robust support, Binance offers a diverse range of cryptocurrencies for trading. With low fees and a variety of supported cryptocurrencies, Binance stands out as a reliable choice for users worldwide. Crypto users in the US can use Binance.us.
No-fee crypto trading for those with low monthly volume
If you enjoy trading with no fees, Bitstamp deserves a closer look. Traders with under $1,000 in monthly trades don’t pay a trading fee when using the Pro trading platform. Bitstamp considers your prior 30-day trading volume to determine your fee. When your 30-day trading volume crosses the $1,000 threshold, you pay a fee — but it’s low compared to Coinbase.
Best for social trading
eToro revolutionizes crypto trading with its unique social trading features, allowing users to replicate successful traders' strategies. While it caters to both stocks and crypto, its crypto offerings are slightly limited. Despite higher fees for crypto transactions, eToro's social trading feature makes it an excellent choice for those looking to leverage the strategies of successful investors.
Best for security and regulatory compliance
Gemini earns its spot as one of the best exchanges globally by prioritizing security and regulatory compliance. With availability in all 50 US states, Gemini is a notably secure and compliant option for crypto enthusiasts. Despite higher fees than Coinbase and a limited variety of cryptocurrencies, Gemini's commitment to security and widespread availability in the US make it a reliable choice for users.
Best for comprehensive crypto trading
In the realm of cryptocurrency exchanges, Gate.io stands out for offering a comprehensive trading experience. Unlike many platforms, it doesn't limit itself to cryptocurrencies; instead, it provides an extensive range of digital assets for trading. The platform's focus on inclusivity makes it an appealing choice for traders looking to diversify their portfolios.
Best for advanced cryptocurrency trading
HitBTC positions itself as the most advanced cryptocurrency exchange, offering markets for trading between various cryptocurrencies. With a focus on flexibility, HitBTC caters to experienced traders who desire a wide range of trading options.
Best for cryptocurrency IRAs
iTrustCapital allows users to invest their retirement savings directly into cryptocurrency, including other assets like gold and silver. While it's an excellent option for crypto IRAs, it has slightly higher fees and a limited selection of cryptocurrencies compared to other alternatives.
Best for low trading fees
As one of the prominent cryptocurrency exchanges, Kraken earns its reputation as a comprehensive platform suitable for both beginners and experienced traders. With a focus on reliability, security, and an extensive range of supported cryptocurrencies, Kraken has secured its place as a go-to exchange.
Best for global digital asset services
KuCoin stands out as a global digital asset exchange providing users with secure and convenient services for digital transactions. While aiming to integrate premium assets worldwide, KuCoin positions itself as a platform that prioritizes safety and convenience.
Best computing power marketplace for mining
NiceHash operates on the concept of a sharing economy, connecting sellers and buyers of computing power worldwide. It provides a platform for users to engage in crypto mining without the need for extensive hardware.
What are the benefits of Coinbase?
While considering what Coinbase competitors have to offer, it's helpful to recognize the benefits that Coinbase offers.
Beginner-friendly: Coinbase's user-friendly interface makes it ideal for new investors. Features like Coinbase Learn provide an excellent introduction to the cryptocurrency ecosystem.
Reputation: Coinbase has built a stellar reputation for trust and security, collaborating with regulators worldwide to ensure compliance with cryptocurrency laws.
Insurance: Certain assets on Coinbase are fully insured, providing added security for users' holdings.
What to look for in a Coinbase alternative?
When searching for a Coinbase alternative, consider the following features:
Low fees: Look for an exchange with lower transaction fees than Coinbase to maximize your returns.
Advanced transaction types: If you're an experienced trader, choose an exchange that supports margin and derivative trading.
Reputation: Research the platform's reputation, considering user reviews and industry insights to ensure a reliable and secure trading experience.
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Coinbase alternatives FAQs
Here are answers to frequently asked questions about Coinbase alternatives, including Coinbase vs eToro, Coinbase vs Gemini, and Coinbase competitors.
How to buy crypto without Coinbase?
To buy crypto without Coinbase, explore other exchanges like Binance, eToro, or Gemini, offering diverse options for cryptocurrency trading. These platforms provide alternative avenues for purchasing and trading various cryptocurrencies.
Coinbase vs eToro - What is better?
The choice between Coinbase and eToro depends on your preferences. Coinbase's user-friendly interface makes it suitable for beginners, while eToro excels in social trading features, allowing users to replicate the strategies of proven, successful traders. Ultimately the winner of Coinbase vs eToro will depend on our individual preferences and financial goals.
Coinbase vs Gemini - What is better?
Gemini is known for its security and availability, making it a reliable choice for users seeking a secure trading environment. Coinbase, on the other hand, stands out for its user-friendly interface. The choice of Coinbase vs Gemini will depend largely on how you prioritize security and ease of use.
What is the best alternative to Coinbase?
Determining the best alternative to Coinbase depends on individual needs and preferences. Binance, eToro, and Gemini are among the top contenders, with each platform offering unique features catering to different trading styles and goals.
What is safer than Coinbase?
Gemini is considered safer than Coinbase because it emphasizes security and regulatory compliance. Both exchanges prioritize security, but Gemini's commitment to regulatory standards adds a layer of safety for users.
Who has lower fees than Coinbase?
Binance stands out for lower fees than Coinbase, providing a cost-effective option for traders. If minimizing transaction costs is a priority, Binance offers competitive fee structures.
Is there an app like Coinbase?
Yes, several apps offer similar functionalities to Coinbase for on-the-go trading. Platforms like Binance, eToro, and Gemini provide mobile applications, allowing users to trade cryptocurrencies conveniently from their smartphones.
Does Coinbase have competitors?
Coinbase competitors include Binance, eToro, Gemini, and others. Each platform caters to various regions as well as specific needs and preferences, offering users alternatives for their crypto goals, experience level, and risk tolerance.
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