Coinbase is the world’s leading digital asset exchange. With over 20 million customers, Coinbase allows users to buy, sell, and store digital assets such as Bitcoin, Ethereum, and Litecoin.
It also has one of the most popular cryptocurrency wallets. In addition to its exchange and wallet services, Coinbase also offers merchant processing services and venture capital investing.
The platform has advantages, but other options are available if you want to invest in stocks with your cryptocurrency, automate your orders, or buy and sell using your local currency.
This article will go through some of the alternatives to Coinbase so you can make an informed choice.
List of 15 Best Coinbase Alternatives
Here is the list of top Coinbase alternatives:
More than a hundred different cryptocurrencies can be stored, transferred, and traded on the Crypto.com platform.
The Crypto.com Visa Card allows you to earn up to 8% cash back on all cryptocurrency purchases from merchants who accept Crypto.com Visa cards. Crypto.com’s mission is to hasten the global adoption of cryptocurrency, and its many services can help you get started on the road to financial freedom.
Best for DeFi Exchange Platform
The Crypto.com DeFi wallet is a non-custodial wallet that provides access to all of the DeFi services.
- Manage more than 700 tokens easily on more than 15 blockchains, including Cronos, Ethereum, and Crypto.org Chain.
- Access the most widely used DApps with a single tap right from the Wallet App.
Crypto.com charges a maker fee of 0.04% to 0.4%, a taker fee of 0.1% to 0.4%, and a credit card fee of 2.99%.
This platform is one of the main sponsors of the FIFA World Cup 2023 and they are currently making several promotions that might be appealing to earn prizes.
A new crypto wallet has been released that promises to make sending and receiving digital currency easier than ever before. The Tezro wallet is a web-based wallet that can be accessed from any device with an internet connection.
The user interface is clean and simple, making it easy for even the most novice of users to send and receive digital currency. Overall, the Tezro wallet is a great option for those looking for an easy and convenient way to store their digital currency.
Best for: simple to use for personal or business
Tezro wallet is a state-of-the-art cryptocurrency wallet that allows you to store all of your cryptocurrencies in one convenient place. Your funds, data, and security are all in your hands with a non-custodial wallet that offers two-factor authentication and military-grade encryption.
- With Tezro’s gift function, you can quickly and easily peruse various customized gift options that are suited to your current requirements.
- Tezro ensures that its users never miss a message with its chat instant feature.
Initial transaction fees are 0.5 percent and drop as monthly sales volume increases. If you choose to settle in a separate currency than what you were paid in, there will be a 0.5% fee.
Gemini is a popular Coinbase alternative that lists up to 40 cryptocurrencies and supports cashing out fiat. Gemini is working on a credit card that will allow ATM withdrawals and cashback on cryptocurrency transactions. Users will be able to buy crypto using US bank accounts, wire transfers, and debit cards.
Gemini gives a $20 incentive to everyone who trades $100 in 30 days. Gemini allows peer-to-peer trading. The exchange supports 0.00001 bitcoin or 0.001 ether trades.
Best for casual and institutional investors
- In addition to all 50 states in the US, Gemini is available worldwide.
- Advanced users can benefit from integrated ActiveTrader platforms.
- In addition to web trading platforms, there are iOS and Android apps.
Depending on the payment method and platform, the transaction fee is 0.5%-3.99%. Convenience fees are 0.5% over the market rate. $0.99 for transactions under $10, 1.45% for trades exceeding $200. 3.49% for debit card purchases, free wire or bank account deposits.
Binance is gaining traction as the world’s largest cryptocurrency exchange. Binance offers more cryptos than nearly any other U.S. exchange, making it ideal for altcoin investors.
Since Binance Coin (BSC) is the network’s native cryptocurrency and must be used to pay transaction fees, this is becoming an issue for the likes of Coinbase and other big cryptocurrency exchange platforms.
Best for BSC tokens and more varieties of tokens/coins
The Binance wallet supports various cryptocurrencies, making it an ideal choice for those who frequently trade on the Binance platform. In addition, the wallet has several security features that make it a safe place to store your cryptocurrencies.
- Six hundred and more digital currencies available for trading
- One of the cheapest options available
- More variety of transaction types
Trading costs range from 0.02% to 0.1% for maker and taker fees, based on the user’s 30-day trading volume tier. The instant buys and sells fee is 0.50%. There is a normal cost of 0.1% per trade for transactions that are not done with BNB. With BNB, you can cut your trading costs by over 25% on spot and margin trades and by 10% on futures trades.
Robinhood is the broker for traders who prefer a straightforward, easy-to-understand interface. Robinhood has a user-friendly smartphone app; even a beginner can easily understand Robinhood’s straightforward and streamlined platform, which allows users to open and fund an account in 10 minutes.
Robinhood’s new fractional share feature makes it a good choice for beginner traders with little capital.
Best for Simplicity
Robinhood wallet supports Polygon as its primary blockchain network, allowing consumers to have complete control over their cryptocurrency, trade and transfer cryptocurrency with no network fees, and effortlessly browse the decentralized web.
- A self-custody wallet that serves as your access to the web3 universe
- There are no network fees while exchanging cryptocurrency.
- You have complete ownership of your crypto on the Polygon network, which means you possess and keep the private key to your assets.
Crypto trading is completely free with Robinhood. $5 per month for up to $1,000 in margin trading, or 5% interest on margins above that amount. Wire transactions are limited to $50 for international transactions, $20 for overnight checks, $75 for account transfers, and $10 per transaction for live broker fees.
The brokerage platform eToro provides users access to more than 30 of the most widely traded cryptocurrencies, along with some novel learning and practical application capabilities.
eToro Club feature gives clients access to a wide variety of extra educational tools and resources. In contrast, the company’s innovative CopyTrader feature allows novice investors to “clone” the buy and sell orders of experienced investors.
While eToro’s cryptocurrency portfolio is limited, the platform is user-friendly and suitable for amateurs and pros.
Best for Copy Trading
The eToro Money crypto wallet is available for download free of charge and can be accessed with a few clicks using your eToro credentials. The wallet contains many industry-leading safety mechanisms and standardization procedures, making it one of the most secure crypto storage technologies.
- The eToro Money crypto wallet private key service allows you to regain access to your wallet in the event that you lose it.
- Using your own private and secure on-chain address, you can safely store, receive, and send cryptocurrency anywhere on the blockchain.
There is a 2% charge on all coin transfers. The minimum is a $1 Fee (in units). The fee maximum is $100 (in units)
ZenGo is an improved alternative to traditional self-custodial wallets. Thanks to three innovative technologies, you can rest assured that your wallet will remain secure and retrievable at all times. ZenGo’s cutting-edge security uses MPC cryptography in place of private keys, which means the end of account takeovers, wallet drainers and phishing scams.
Zengo protects your wallet with the ClearSign built-in Web3 firewall. With ClearSign as your firewall, you won’t have to worry about approving even the most dangerous Web3 threats because of the alarms, information, and protection it provides. Like a traffic light, ClearSign divides the security of on-chain transactions into three categories: green, yellow, and red.
Best for Security
By addressing the private key vulnerability, ZenGo is now the most secure non-custodial wallet in Web3, making it the easiest and safest wallet to invest in cryptocurrencies. Be the true owner of your cryptocurrency by creating an account in less than 20 seconds.
- Earn money on your cryptocurrency up to 8% APY.
- Take advantage of real agents’ 24/7 live help.
- Three network fee modes (economy, regular, fast).
Bitcoin IRA is the first and most trustworthy cryptocurrency IRA platform, serving thousands of customers around the world. You can self-trade cryptocurrency on the platform whenever you choose, from wherever you happen to be, taking advantage of market volatility as they occur.
Your digital assets are safely stored by BitGo, a partner of Bitcoin IRA. BitGo processes more than 20% of all Bitcoin transactions worldwide, making it the world’s largest transaction processor. BitGo’s unique cold-storage wallets offer military-grade, multi-key security, shielding your wallet from any possible single point of failure. In a nutshell, no other crypto IRA service offers the same level of protection.
Best for IRA trading
The Bitcoin IRA wallet features Live price monitoring, portfolio performance analysis, videos, educational content and more via the dashboard.
- In-Depth Reporting and Monitoring of Current and Historical Pricing.
- Profitable Investment Without Tax Implications.
- Guaranteed Asset Insurance for up to $700 Million.
There is a minimum $20 monthly charge plus 3.99% for setup, 2% for trades, and 0.0008% for maintenance.
Paybis is a cryptocurrency exchange that makes it simple to purchase Bitcoin with a debit card or credit card. This platform supports several cryptocurrencies, including Bitcoin, Ripple, Litecoin, Stellar, Tether, and more.
By using one of 47 major fiat currencies, Paybis customers can buy supported cryptocurrencies. Additionally, users can exchange their cryptocurrencies for Euros or Dollars. All major fiat currencies, including the Euro, British Pound, and American Dollar, are currently supported.
Best for: crypto trading with debit or credit card
PayBis is one of the most popular digital wallets available and has been praised for its security features and ease of use.
- With its high level of security, it guarantees the safety of your data.
- 24/7 Customer support.
- Allows you to quickly and easily confirm your Paybis account.
PayBis charges a transaction fee of 2.49% and a regionally-specific card processing fee ranging from 4.5% to 6.99%. There is a $10 minimum for credit card processing. In addition to the network gas fee, a deposit fee of 0.99% is applied to all cryptocurrency deposits.
Kraken is a formidable alternative to Coinbase. It provides monetary security by keeping a healthy reserve, solid relationships, and strict adherence to the law. Kraken is a competent cryptocurrency exchange that ranks among the top contenders. In addition, it boasts of its impeccable security by claiming it has never been hacked.
Kraken was established in 2011 as an exchange and bank for digital currencies in the United States. By 2020, Kraken had generated $1.1 billion in income. According to estimates made in the middle of summer 2023, the estimated worth of this pioneering bitcoin exchange is $10.8 billion USD.
Best for: High deposit and withdrawal limits and low trading fee
Users of the Kraken platform can make use of a digital wallet to keep their coins between purchases, but the exchange does not offer a personal wallet service.
- 95% of the funds are kept in offline cold storage.
- Systematized data and information encryption for increased cryptographic safety.
Takers and makers pay below-average industry fees of 0.0% to 0.26%. The cost of purchasing, selling, or converting orders for instant buys is 1.5%. Debit and credit card purchases cost 3.75% Plus €0.25.
ACH processing costs 0.5%. Margin trading fees are between 0.01% to 0.02%. Depending on the base currency, rollover margin fees are between 0.01% to 0.02.
When compared to Coinbase, Coinmama is a more affordable and convenient alternative for buying cryptocurrency in your locality with fiat currency. Unlike Coinbase, which charges 1.49% for every trade, it does not charge a fee for buying cryptocurrency with a bank account. And for orders below $50,000, Coinmama provides free wire transfers.
Coinmama does not support P2P cryptocurrency trading. The only parties involved are the exchange itself and its users. Coinmama supports numerous payment types though, such as Visa, PayPal, Apple Pay, SEPA, Wire Transfer, Google Pay, MasterCard credit cards and banks.
Best for: crypto to fiat conversion
Users of the Coinmama exchange will not have access to wallets. All cryptocurrency is sent instantly to your designated third-party wallet when a transaction is finalized.
- Simple and easy to use.
- Reward program with costs that can be cut by up to 25%, based on the number of transactions.
For debit and credit card purchases, the cryptocurrency exchange charges fees of up to 5%, 3%, and 2%. There can also be additional fees. For SWIFT bank transactions, there is a $27 fixed fee and no fee for transactions over $1,000.
Uphold is one of the most underappreciated cryptocurrency exchanges available today. Over 200 distinct cryptocurrencies are available on the platform, including all of the market leaders and many lesser-known alternatives. Like Coinbase, Uphold provides an excellent staking solution for cryptocurrency.
Uphold’s extensive features and options in the crypto space are complemented by the ability to trade stocks, ETFs, and precious metals from the same interface. The Uphold website’s Resources section is an excellent way to study crypto.
Best for: Most Functionality and Variety
Uphold is an excellent crypto wallet that is secure and simple to use on desktop and mobile platforms.
- No charges for deposits, withdrawals, or trades.
- instructional resources
- Debit card
Users of Uphold pay a spread for each transaction, but there are no fees for deposits, withdrawals, or trading. Users of Uphold pay 3.99% to make a credit card purchase.
Paxful is a Bitcoin marketplace that allows users to buy and sell Bitcoin with various payment methods. Founded in 2015, Paxful is one of the most popular Bitcoin exchanges in the world, with over 2 million active users. Paxful offers a convenient and user-friendly platform for buying and selling Bitcoin, making it a great choice for those new to cryptocurrency trading.
Paxful is the most secure peer-to-peer bitcoin exchange with more than 300 payment options. Making money on Paxful is simple for both new users and seasoned pros.
Best for buying goods and services with cryptocurrency
The Paxful wallet is practical, secure, and simple to use on all your devices. With just a few clicks, you can transfer or receive Bitcoin, effortlessly manage your funds, top it up straight through the peer-to-peer marketplace, and more.
- Direct withdrawals from your bank account are possible.
- Send money to your PayPal and bank accounts.
Paxful charges a 1% fee for each successful transaction.
Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. Founded in 2012, Bitfinex was one of the first professional platforms set up to accommodate the growing interest in cryptocurrency trading.
Bitfinex takes security very seriously. Bitfinex is the first exchange to implement domain fronting, 2-factor authentication, and PGP email encryption. The platform has also implemented a host of other security measures to ensure that crypto assets are safe with them.
Best for: integration with other platforms
Three wallets are available on Bitfinex for deposits: Exchange, Margin, and Funding. The purpose of the exchange wallet is to buy and sell supported cryptocurrencies. Margin trading requires the usage of a margin wallet. Other margin traders can get financing via Funding Wallet.
- Approximately 100 cryptocurrencies are supported.
- High Liquidity
- Allows for both deposits and withdrawals by bank wire.
Deposits of cryptocurrencies to Bitfinex are free of charge. The fee for deposits made in fiat currency is 0.100%, with a minimum charge of 60 (USD/EUR).
For individuals who prefer to use credit cards, PayPal, and debit cards to make purchases, Xcoins is an excellent Coinbase alternative. It is renowned for its outstanding customer service, allows fast account verifications (mobile, passport, email, selfie, national ID, and driver’s license), and executes transactions in under 15 minutes.
The exchange offers daily trade quantities of up to 1000 BTC. People from more than 167 different countries use the exchange. Customers need to comply with KYC requirements, and the data is protected by European Union standards for data protection.
Best for: trading cryptocurrencies with fiat
As a non-custodial cryptocurrency broker, Xcoins does not provide services for digital wallets, so your funds are safe from hackers.
- 2-factor authentications for accounts.
- You can monitor the status of your orders, view transaction histories, and more from the account.
Xcoins’ standard fee for buying bitcoin is 4% to 6% of the total amount. The processing cost for payments made with credit and debit cards is 3.9%. First purchases made by new users are subject to a 0% processing fee.
Each of these exchanges has unique features and benefits, so be sure to do your research to find the one that best suits your needs. You can look in our blog for many articles about the best crypto wallets and exchanges.
In conclusion, there are many Coinbase alternatives available in 2023. Each has its own set of pros and cons, so be sure to do your own research before choosing an exchange.
The most important thing is to find an exchange that meets your needs and is trustworthy. Start now by exploring the above alternatives.