[Top 9] Best Alternative For Coinbase: A Simple Guide (2022 Edition)

9 Best Alternative For Coinbase: Full Guide

Coinbase is the world’s most popular exchange for bitcoin and many other cryptocurrencies. It has a very user-friendly and intuitive interface.

If you are new to the crypto industry and thinking about buying a cryptocurrency, chances are that you will come across Coinbase as one of the first cryptocurrency exchanges.

Main reason behind its popularity is its partnerships with various prominent banks and payment services.

A beginner can easily buy a cryptocurrency from Coinbase with many different methods. Apart from traditional methods, Coinbase also supports EFT payments, ACH, SWIFT, SEPA transfers.

However, before looking at alternative for coinbase, let me give you a few reasons to NOT CHOOSE COINBASE.

Disclosure: This article is not promotional.

7 Reasons Not To Choose Coinbase

1. Cryptocurrencies were created to enhance privacy and provide some degree of anonymity to its owners. They were created to provide users complete authority over their funds. But Coinbase is an exchange that is entirely opposite to all these values and all the users of Coinbase are heavily monitored and reported or flagged for any suspicious activity.
2. It has high transaction fees ($0.99 for under $10 of transaction, $1.49 for $10 – $50, $2.99 for $50 – $200 and for value above $200, a flat fee of 1.49%).
3. Your verification level determines the level of transaction limit you get.
4. Coinbase is completely regulated by USA governmental bodies.
5. Fund deposits and withdrawals sometimes take a few days.
6. The company is less user-oriented and more business-oriented.
7. The support system is heavily criticized by users on various forums.

I am not telling you to stop using Coinbase. I just want you to make an informed decision and choose an exchange that best fits your needs.

Coinbase is perfect for you if you are a beginner and quickly need to buy bitcoins.

Before I tell you about the alternatives for coinbase, you should know that the best time to invest in cryptocurrencies was five years ago and the next best time is now.

The global market cap for the cryptocurrency is over $350 billion and it is expected to reach at least $10 Trillion. So, you know you’re still early.

Now let’s talk about the alternative for Coinbase.

Alternative For Coinbase

Binance

Binance is the largest cryptocurrency exchange in the world by trading volume.

It was founded by Changpeng Zhao in 2017 in China but due to increasingly strict regulatory measures, the company shifted to Japan and sometime later moved to Malta ( A crypto paradise).

Within six months of its inception, it became the biggest cryptocurrency exchange in terms of the trading volume.

It is actually a bit difficult to understand if you are a complete beginner but it fits every need of a trader and that is why it is every trader’s favorite platform. You will rarely see a cryptocurrency trader who does not use Binance.

Binance is undeniably the best alternative for Coinbase.

Binance Facts

1. 200+ cryptocurrencies are available to choose from.
2. $4 billion average daily trading volume.
3. More than 1.4 million transactions per second.

Payment Methods

You can buy any cryptocurrency on Binance in the following ways;

• Binance supports bank deposits by almost every fiat currency.
• Credit card or debit card (Visa / Mastercard / Amex etc).
• Bank transfer and 100+ methods supported.
• If you already own a cryptocurrency, you can easily exchange it for another.

Trading Fees

Coinbase trading fees range anywhere from 1.5% to 4% and it is even higher for transactions under $200.

On the other hand, Binance has the lowest fees among all the cryptocurrency exchanges.

Binance charges are as low as 0.1% per trade. Moreover, if you use Binance coin (BNB), the fees are cut in half!

Deposit and Withdrawal Limits

There is no deposit limit for Binance but you withdrawal limit depends on your verification level;

Non-verified users get a 2 BTC daily limit.

Verified users get a daily limit of 50 BTC.

Available Cryptocurrencies

Binance has more cryptocurrencies than any other exchange. It has 300+ cryptocurrencies at the moment and the number is constantly on the rise.

If you are looking to buy a less famous cryptocurrency and you can’t seem to find it anywhere, search on Binance.

Note: Don’t get intimidated by its complex user interface, instead learn about it and give it a try.

CEX

CEX founded in 2013 is a UK-based cryptocurrency exchange.

It was a cloud mining company once and now it is a highly reputed exchange in the entire crypto industry.

It is available in 198 countries and they are constantly trying to add new countries.

Its mobile application is also available on android and apple smartphones.

Among all the cryptocurrency exchanges, CEX offers the best 24×7 support system.

Payment Methods

CEX supports the following payment methods;

• Credit or Debit Card (Visa, Mastercard, etc)
• Bank Transfer (SWIFT, SEPA, etc)
• ACH Transfers (Automated Clearing House)
• Crypto to crypto exchange

Trading Fees

CEX trading fee depends on the 30-day trading volume and the maker-taker model (Maker refers to the seller and taker refers to the buyer). Also, note that the taker fee will always be higher than the maker fee).

Let me explain the trading fee model by the table.

Deposit and Withdrawal Limits

CEX deposit and withdrawal limits entirely depend upon your verification level.

You can do $100 daily deposits and withdrawals without any verification.

In a basic ID verification, you get a monthly deposit limit from $1000 to $3000 but you can’t use ACH or wire transfer.

ID along with address verification will give you no limit on deposit but you will have a $3000 daily deposit limit on credit card and a $500,000 limit with bank transfers.

You get unlimited deposits and withdrawals if you complete all the verification processes.

Using a corporate account will also grant you unlimited deposits and withdrawals.

Available Cryptocurrencies

You have 30+ cryptocurrencies to choose from.

Most notable among them are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Bitcoin Cash (BCH)
• DASH (DASH)
• Litecoin (LTC)
• Ripple (XRP)

To be honest, CEX is a good alternative for Coinbase but it’s trading fee is a bit on the high side.

Coinmama

Coinmama is one of the easiest and fastest ways available to buy a cryptocurrency.

It was founded in 2013 in Israel and later registered to the Slovak Republic with headquarters in Israel.

It is available across 190 countries and territories.

In essence, Coinmama is not an exchange platform, it is more like a seller or broker of bitcoin and few other cryptocurrencies.

Note: Coinmama doesn’t provide any wallet. So make sure you already have a wallet before buying.

Payment Methods

Coinmama accepts the following payment methods;

• Credit / Debit Card (Amex and Discover are not accepted)
• Bank Transfers ( SEPA, SWIFT, etc)

Coinmama accepts payments from all the fiat currencies but payments are denominated under USD, GBP, EUR, AUD, and CAD.

Trading Fees

Coinmama charges very high fees.

It charges a 0% fee on bank transfers while a 4% transaction fee on credit or debit cards (excluding card issuer fees).

It also has a fixed brokerage fee of 3.90% on all the buying and 0.9% on all the selling transactions.

Deposit and Withdrawal Limits

Limits depend on your verification level.

After verifying your account with a passport, ID, or other national documents, you can buy as much as $15,000 worth of bitcoins with your credit or debit card.

Available Cryptocurrencies

Following 10 cryptocurrencies are available on Coinmama;

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Cardano (ADA)
• Litecoin (LTC)
• Qtum (QTUM)
• Ripple (XRP)
• Tezos (XTZ)
• EOS (EOS)

Coinmama is also a suitable alternative for Coinbase.

Kraken

Kraken exchange was launched in 2013 by Jesse Powell, a former employee of Mt. Gox. It has an average trading volume of $200 million per day.

This exchange is most popular for its security measures and it has never been hacked.

Kraken is available worldwide except in Iraq, Iran, Afghanistan, North Korea, Tajikistan, Cuba, and Japan.

It has the best customer support system in the industry.

Kraken offers many cool services and trading options and some of them are;

• Spot trading
• Margin trading
• Over-the-counter services
• Dark Pool (For trading anonymously)

It offers an advanced trading platform for its users and it also boasts of high liquidity as well as many other lucrative trading options for traders.

Note: It isn’t very user-friendly for a beginner.

Payment Methods

It offers the following payment methods;

• Credit or Debit Card
• Bank Transfers (Wire transfer, SEPA transfer, Etana custody etc)
• Crypto to Crypto

Trading Fees

Kraken has some of the lowest fees among the exchanges.

Trading fees depend on the trading volume.

Spot trading fee ranges from 0.00% to 0.26%, stablecoin fee ranges from 0.00% to 0.20%, dark pook fee ranges from 0.20% to 0.36% and margin trading fees depends from 0.01% to 0.02% for four hours.

Also, a bank transfer can cost anywhere from $5 to $10 while it can cost more than $10 for international transfers.

Note: The Higher the trading volume, the lesser the fee.

Available Cryptocurrencies

Kraken currently offers these cryptocurrencies;

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Litecoin (LTC)
• Ripple (XRP)
• Monero (XMR)
• DASH (DASH)
• Dogecoin (DOGE)
• Stellar (XLM)
• Zcash (ZEC)
• EOS (EOS)
• Tether (USDT)
• Chainlink (LINK)
• Polkadot (DOT)
• Tezos (XTZ)
• Cardano (ADA)
• COSMOS (ATOM)
• TRON (TRX)
• DAI (DAI)
• Qtum (QTUM)

In terms of security, Kraken is just the best alternative for Coinbase.

Bybit

Bybit is relatively new compared to other cryptocurrency exchanges.

Founded in 2018 and registered in the British Virgin Islands, it is the fastest growing cryptocurrency exchange platform and it already has more than 1 million registered users.

It has an average trading volume of $500 million per day.

It is basically a futures trading platform and focuses mainly on leverage trading and perpetual contracts.

The best thing about Bybit is that it does not require KYC for trading. Its application is also available on IOS and Android.

Bybit is unavailable in the following countries:

• USA
• Singapore
• Iran
• Syria
• Sudan
• North Korea
• China
• Taiwan
• Hong Kong
• Cuba
• Sevastopol

Payment Methods

Bybit does not accept any fiat currency payment methods.

It is purely a trading platform and only accepts crypto to crypto funds.

Trading Fees

Trading fees are classified as market makers and market takers (Market makers provide liquidity by posting an order and market takers take the order for the liquidity).

Takers are charged 0.075% per trade while makers are rewarded 0.025% for a trade.

Deposit and Withdrawal Limits

There is no fixed limit on depositing and withdrawing funds.

All you have to do is pay a standard mining fee for depositing and withdrawing funds.

Available Cryptocurrencies

Bybit has 5 cryptocurrencies for trading. These are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Tether (USDT)
• EOS (EOS)

You can also consider Bybit in your search for an alternative for Coinbase.

KuCoin

KuCoin is a Hong Kong-based cryptocurrency exchange launched in 2015. It is among the top ten cryptocurrency exchanges in the world. It has accumulated a total of $100 billion in trading volume.

The best thing about KuCoin is that it shares 50% of its trading revenue with KuCoin Shares owners. KuCoin Shares is a native KuCoin cryptocurrency denoted by KCS.

You can only buy Bitcoin (BTC) and Ethereum (ETH) as an initial cryptocurrency or you can use your already owned cryptocurrencies for trading between more than 400 trading pairs.

KuCoin is available in more than 100 countries, so check if it is available in your country before trading.

It also has a mobile application for IOS and Android devices.

Payment Methods

KuCoin is mainly a trading platform and does not support many payment methods.

It focuses mainly on crypto to crypto for buying and trading but you can also buy Bitcoin (BTC) and Ethereum (ETH) with credit or debit cards and then use them for buying any other cryptocurrency.

It also offers peer-to-peer trading for its users which supports various methods like bank transfer, PayPal, SEPA, etc.

Trading Fees

KuCoin charges lesser trading fees than average fees and its fees depend on the trading volume of a user.

For small trades, maker and taker are both charged 0.1% and as the trading volume increases, the trading fee decreases.

The fee is further lowered if you pay via KCS (KuCoin Shares).

It also has the following trading options;

• Spot trading
• Margin trading
• Instant exchange
• API trading

Deposit and Withdrawal Limits

There is no limit on deposits but withdrawal depends on the verification level and varies from crypto to crypto.

• You can withdraw 2 BTC per day with just email verification.
• With an ID or passport, you can withdraw up to 100 BTC per day.
• With corporate or institutional verification, you can withdraw up to 500 BTC per day.

Available Cryptocurrencies

You can only buy BTC or ETH with fiat currencies on KuCoin or you can use their peer-to-peer exchange platform to buy any cryptocurrency of your choice.

You have 300+ cryptocurrency options to choose from.

Considering all the factors, KuCoin is a very lucrative alternative for Coinbase.

OKEX

OKEX is also one of the biggest crypto to crypto and fiat to crypto exchanges in the world with an average $1.7 billion trading volume per day.

It was founded in 2017 and is another popular exchange based out of Malta.

It is a great option to quickly buy any cryptocurrency and is a one-stop solution for all types of cryptocurrency users.

It is available across more than 100 countries.

Note: Check if it’s available in your country before trading.

It offers the following types of trading;

• Spot Trading (Basic and advanced)
• Margin Trading (Basic and advanced)
• Dex Trading
• Perpetual Swap Trading
• Futures Trading
• Options Trading (Basic and advanced)

Payment Methods

Users can choose from a variety of options to buy a cryptocurrency.

• Bank Transfers
• Credit or Debit card (Visa and Mastercard only)
• Crypto-to-crypto
• Alipay

Trading Fees

OKEX trading fees depend on the trading volume vs maker/taker fee.

In spot trading, the maker and taker fee is 0.100% and 0.150% respectively for small trades. As the trading volume increases, the maker and taker fee decreases to as much as 0.060% and 0.090% respectively.

For futures, options, and perpetual swap trading, the maker fee ranges from 0.020% to 0.015%, and the taker fee ranges from 0.050% to 0.030%.

Note: For a VIP user, the fee is almost half of the above-mentioned figures.

Deposit and Withdrawal Limits

OKEX does not charge any fees on depositing or withdrawing.

There is no upper limit on deposits ($10 minimum) but withdrawals depend on your verification model.

You get a withdrawal limit equivalent to 300 BTC per day after KYC verification.

KYC is mandatory for using OKEX.

Available Cryptocurrencies

You can instantly buy these 5 cryptocurrencies.

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Litecoin (LTC)
• Bitcoin SV (BSV)

If you have bought or already own any of the above cryptocurrencies, then you can trade them on OKEX for any of the 300+ available cryptocurrencies which include Defi, altcoins, and stablecoins.

KuCoin is highly regulated and also another good alternative for Coinbase.

Bitstamp

Bitstamp was among the first few cryptocurrencies exchanges and was founded way back in 2011 by Nejc Kodric and Damijan Merlak.

It has an average daily trading volume of $85 million.

This exchange is best for users looking to buy bitcoin and few other altcoins instantly.

It lets users buy or sell few cryptocurrencies directly and basically provides a trading platform for about 30 different crypto market pairs.

Bitstamp can be used to buy cryptocurrencies worldwide and that makes it a worthy alternative for Coinbase.

Payment Methods

Credit or Debit card – This option is available worldwide with a few exceptions.

Bank transfer – Regular wire transfer, ACH, SEPA, etc. (Best for EU users).

Crypto to crypto – Best for trading.

Trading Fees

For card deposits, 5% plus additional fees by the card issuer.

Zero fees for SEPA, ACH deposits.

0.05% fee for deposits and 0.1% for withdrawals internationally.

Trading fees depend on trading volume. 0.50% is charged for trades under $10,000 and the fee keeps on decreasing as the trade volume keeps on increasing.

Deposit and Withdrawal Limits

There are no exact limits on depositing or withdrawing.

However, a minimum of $25 or the equivalent of cryptocurrency is required for starting a trade.

Available Cryptocurrencies

You can directly buy these seven cryptocurrencies.

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• Stellar (XLM)
• Paxos Standard (PAX)

Or if you already own a cryptocurrency, you can use it for trading on their platform which supports more than 30 different trading pairs.

Bitstamp can also be considered as an alternative for Coinbase.

Bittrex

Bittrex aka ‘Trex’ was founded in 2013 and is based in the USA.

It mainly emphasizes security and it is the only exchange that has not been a victim of any breach. That alone makes it worth mentioning.

The main feature of Bittrex is its on-spot trading platform for more than 250+ cryptocurrencies. It boasts of features like the trading analysis reports and stats, stop-loss, and GTC (Good Till Cancelled).

Bittrex is available worldwide except in the following countries.

• North Korea
• Iran
• Syria
• Crimean Region
• Cuba

Payment Methods

Crypto to crypto is the only method for global users.

However, verified US personnel can also pay through bank wire transfers.

Trading Fees

The chart below shows the Bittrex trading fee.

Note: Trading fees are a bit higher than average.

Deposit and Withdrawal Limits

Bittrex has strict policies for KYC and AML programs.

You will not face any issues on depositing but withdrawals can only be made after verifications.

By submitting basic details like name, address, DOB, etc, you can withdraw an amount equivalent to 3 BTC per day.

Completely verified accounts can withdraw up to 100 BTC per day.

Note: 2FA is required to successfully withdraw funds.

That’s it, folks.

This was our last alternative for Coinbase.

I hope now you can clearly choose a suitable exchange.

FAQs

Is Binance gambling or not?

Trading refers to profiting by predictions. Binance is not gambling, it is just a trading platform and all successful traders carefully analyze various factors before investing their money. It will be gambling if it was simply used for testing luck.

What strategy professionals use in binance trading?

Being successful is not confined to just one strategy, it’s a mixture of a lot of strategies. The best strategy for a beginner would be to HODL more than one crypto coin. However, there are many trading strategies like buying the dip, price indicator analysis, position trading, etc and any of them can make you a good chunk of money if you know what you’re doing.

What is the difference between futures binance and normal binance?

Normal Binance trading is the same as any other normal traditional trading exchange but Binance futures trading increases leverage up to 125x while reducing the risk of liquidation.

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If you have any questions, ask me in the comments below.

If you have any issues/suggestions, email me via Contact Form.

Also, tell me among all the alternatives for Coinbase, which one is the best for you?

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