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.
Methodology
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.
Binance
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.
Pros
Low fees
Extensive global reach
Robust support
Cons
Limited support for some regions
Why we like it Binance stands out for its low fees, a wide array of supported cryptocurrencies, and its commitment to security.
Binance's global dominance, low trading fees, and diverse cryptocurrency offerings make it an attractive choice for users worldwide. The platform's commitment to innovation, evident through features like margin and derivative trading, positions it as a strong contender in the cryptocurrency exchange landscape.
Bitstamp
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.
Pros
0% trading fees up to $1,000 monthly trading volume
Easy-to-use platform
Same fee structure for simple trades or advanced trades
Cons
Variable withdrawal fee
4% fee for instant purchases
Bitstamp's approach to low or no fees for traders with lower monthly volumes, combined with an easy-to-use platform, makes it an appealing alternative for those conscious of transaction costs.
eToro
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.
Pros
Social trading features
Beginner-friendly interface
Cons
Higher fees for crypto transactions
Why we like it eToro's social trading feature makes it an excellent choice for those looking to leverage the strategies of successful investors.
eToro's emphasis on social trading adds a unique dimension to the cryptocurrency experience. By fostering a community-driven approach, it provides a platform for learning and growth. The combination of user-friendly features and advanced tools makes it a versatile choice for a wide range of traders.
Gemini
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.
Pros
Security and regulatory compliance
Availability in all 50 US states
Cons
Higher fees for trades over $200
Gemini's commitment to security and widespread availability in the US make it a reliable choice for users.
Gate.io
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.
Pros
Wide variety of supported cryptocurrencies
Dedicated cold wallet storage for enhanced security
Active customer support
Cons
Relatively higher costs compared to some alternatives
Limited availability in certain regions
Faces occasional user interface issues
Gate.io's commitment to providing an extensive selection of cryptocurrencies sets it apart. The platform's user-friendly interface, coupled with dedicated security measures, makes it a reliable choice for traders seeking diversity in their digital asset investments.
HitBTC
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.
Pros
Extensive cryptocurrency markets
Advanced trading features
Cons
Steeper learning curve for beginners
Unavailable in the US
HitBTC appeals to advanced traders with its extensive markets and advanced trading features.
iTrustCapital
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.
Pros
Option for crypto IRAs
Easy user interface for retirement account trading
Invest retirement savings into crypto
Cons
1% fees on crypto transactions
Why we like it iTrustCapital is a great option for those looking to invest in cryptocurrency within a tax-advantaged retirement account.
The ability to pair crypto investment and retirement savings makes iTrustCapital an interesting alternative for those who want to diversify their long-term portfolio and plan for retirement.
Kraken
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.
Pros
Low trading fees, particularly on Kraken Pro
Diverse range of available cryptocurrencies
Robust security features, including two-factor authentication
Margin and derivative trading options
Cons
Lack of an equivalent to Coinbase Learn for educational purposes
The interface may overwhelm beginners
Kraken's commitment to low fees, coupled with a broad range of supported cryptocurrencies and robust security measures, positions it as a top choice for both novice and seasoned traders. The inclusion of advanced trading options further enhances its appeal, making it a versatile platform for users with varying levels of expertise.
KuCoin
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.
Pros
Offers a vast range of digital assets for trading
Emphasis on safety and security with measures like the KuCoin Security Center
User-friendly interface suitable for both beginners and experienced traders
Regularly adds new and promising cryptocurrencies to its list
Cons
May have higher trading fees compared to some alternatives
The platform's interface might be overwhelming for newcomers
KuCoin's commitment to safety, a diverse range of tradable assets, and a user-friendly interface make it an attractive choice for those looking for a global digital asset platform. The platform's continuous efforts to expand its list of supported cryptocurrencies also contribute to its appeal.
NiceHash
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.
Pros
Connects buyers and sellers of computing power seamlessly
Offers a marketplace for various hashing algorithms
Simplifies the mining process for individuals
Provides competitive pricing for hashing power
Cons
Involves some level of trust between buyers and sellers
Occasional fluctuations in mining profitability
NiceHash's innovative approach to connecting those with computing power needs with those who have excess power makes it an intriguing platform. It simplifies the mining process and fosters a collaborative environment in the crypto community.
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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