Coinbase is an exchange most beginners use to buy and sell cryptocurrencies.
In the realm of using exchange platforms, the quest for the best Coinbase alternative is gaining momentum everyday.
Despite Coinbase being a leading platform with diverse functionalities on crypto transactions, its drawbacks have become off-putting for its users.
Amidst a milieu of over 500 crypto platforms globally, the need to explore a good alternative to Coinbase becomes increasingly relevant.
The aim isn’t to identify a platform that fulfills the fundamental criteria for trading, but the one that surpasses the limitations posed by the Coinbase.
In that regards, checkout these best Coinbase alternatives, but before doing that, you have to know what to look out for in a replacement exchange.
Evaluating Coinbase alternative
When delving into the search for the best Coinbase alternative, several parameters warrants your consideration, so take a look…
- Geographical Reach: Assessing the platform’s functionality across multiple countries
- Security Measures: Scrutinizing the security policies and safety measures implemented by the platform
- Market Reputation: Gauging the platform’s standing and recognition within the crypto landscape
- Crypto Variety and Fees: Analyzing the spectrum of supported cryptocurrencies and the fee structures.
- User-Friendliness and Payment Methods: Evaluating the platform’s ease of use and the diversity of payment methods.
Now that you’ve seen what to look-out for when considering an exchange platform as the best alternative to Coinbase, let’s check-out the best options to choose from.
Best Coinbase alternatives
Venturing into the realm of Coinbase alternatives unveils a mosaic of proficient platforms that excel in diverse aspects of crypto investment.
Here are some top-notch Coinbase alternatives that have been meticulously selected based on the afore-mentioned parameters.
1. Binance crypto exchange
Binance is renowned for its support for over 350 crypto-coins, while standing as a multifaceted platform for account management and diverse avenues for earnings.
The exchange platform’s robustness is underlined by its impressive 24-hour trading volume of approximately $8.2 billion (as at the time of writing).
- Extensive coin offerings
- Multifaceted trading tools
- Strong market reputation
- Clean user-interface
- High trading volume
- High security standards.
2. Bybit derivative platform
Originating from Singapore, Bybit emerges as a specialized platform for cryptocurrency trading of derivatives.
Established in 2018 by Ben Zhou, the platform has a team comprising of notable experts from companies like; Alibaba, Tencent and Morgan Stanley.
Bybit’s unique features include leverage trading, supporting cryptocurrencies like; BTC, ETH, and EOS, and an integration of Fiat Gateway for seamless transactions.
- Crypto derivatives focus
- Leverage opportunities
- Fiat payment gateway
- Leadership team expertise.
3. Kraken exchange
A stalwart among Coinbase alternatives, Kraken, established in 2011, operates across over 600 markets with a strong emphasis on security.
It prides itself on its impeccable security record, offering margin trading up to five times and an extensive range of crypto-coins for trading.
- Extensive coin offerings
- Emphasis on security
- Crypto margin trading
- Competitive fee structures.
4. Huobi Global
Recognized for its user-friendly desktop interface and a mobile app, Huobi Global is positioned as a prominent exchange with a focus on bonuses for users.
Notably, the cryptocurrency platform integrates a crypto trading bot, solidifying its standing in the industry.
- Intuitive interface
- Mobile trading features
- Trading bot integration
- User incentives.
5. Gemini platform
Esteemed for its role in legitimizing crypto, Gemini, founded by the Winklevoss twins, offers a secure environment for trading an array of cryptocurrencies.
Its stringent security measures and market reputation underscore its reliability, and security in the market space.
- Security measures
- Diverse asset support
- Reputable founders
- Role in legitimizing crypto.
As the crypto landscape continues to evolve, the array of Coinbase alternatives presents users with a spectrum of options tailored to their diverse investment needs.
Each alternative has unique features, and provide its users with a platform that surpasses the limitations posed by Coinbase.
Personally, I like using Binance crypto exchange for buying and selling digital assets as the best alternative to Coinbase due to its low fee structure.
However, Bybit is yet another best alternative to Coinbase, but it’s only good for trading crypto derivatives in the market.