Coinbase Alternatives

What is Coinbase?

Coinbase is an online platform which can be used it transfer, purchase, sell, and store crypto currency. The mission of developing this app is to create an open financial system so that cryptocurrency can be easily converted into local currency. It is easy to purchase and sell cryptocurrency through this app. Security and backups are managed so users need not worry while dealing with purchasing and selling.

Why Coinbase Alternatives?

• Fee structure is confusing and difficult to understand

• A different Coinbase platform is required to get a lower fee

• Transaction fee is high

• Customer service is not good

• Private key of users is controlled

How to Choose a Coinbase Alternative?

There are many advantages of Coinbase and some of them are listed below −

• A minimum account balance is not needed

• Tutorials and tips for using Coinbase are available on the website

• The user interface is easy to use

• A large number of cryptocurrencies are supported

Top 10 Coinbase Alternatives

There are many Coinbase alternatives and some of them have been discussed here in detail. The list is given below −

• Binance

• EToro

• Gemini

• Kraken

• KuCoin

• OKX

• Robinhood

• Swan Bitcoin

• Uphold

• Zengo

Alternative 1 – Binance

Binance is also considered as one of the best alternatives to Coinbase. Binance is an app which can be used for selling, buying, storing, trading, and earning cryptocurrencies. The app supports a lot of coins and markets in comparison to Coinbase. Binance also can be used for crypto savings, load, farming, staking, and dual investment products.

Alternative 2 – EToro

EToro is an app which can be used for crypto trading. The app comes with new features which are helpful for beginners. The key tools available in the app are copy trading, smart portfolios, and virtual portfolios. You can get information about successful traders and their past performance.

Alternative 3 – Gemini

Gemini is another app which can be used to replace Coinbase. It is considered as one of the best exchanges because of the security that it provides. Gemini takes steps of trading on the basis of rules and regulations in each state. Gemini has a disadvantage that its fee is very high.

Alternative 4 – Kraken

Kraken is considered as one of the best alternatives to Coinbase in the US. The fee for exchanging cryptocurrencies is low and customer support is also good. Coin base has high exchange rates and customer service is poor. It also has advanced types of transactions which include derivative and margin trading.

Alternative 5 – KuCoin

KuCoin is a cryptocurrency exchange platform which is being used by many users all over the world. The app comes with a lot of crypto services and some of them are fiat onramp, futures and margin trading exchange, passive income, and many more. Its trading fee is 0.1% and you can sell and purchase 200 cryptocurrencies.

Alternative 6 – OKX

OKX is an app which is being used by many users in more than 200 countries. OKX provides different types of financial assets and a large number of cryptocurrencies can be accessed through this app on the exchange. Some of these cryptocurrencies are

• Bitcoin

• Ethereum

• Shiba Inu

• EOS

• Litecoin

Alternative 7 – Robinhood

Robinhood is considered as an excellent alternative to Coinbase. The user interface of the platform is easy to use. It comes with a subscription of $5 which can be used to get access to the morning star reports, market data, research, and many more things. The app is secure and trading can be done without any worries. The cryptocurrencies that it supports are

• Bitcoin

• Bitcoin SV

• Bitcoin Cash

• Litecoin

• DogeCoin

• Ethereum

• Ethereum classic.

Alternative 8 – Swan Bitcoin

Swan Bitcoin is an app which can be used to make investments in Bitcoin from scratch. The user interface of the platform is easy to use. Bitcoin purchases can be automated and such a feature is not available in Coinbase. Investors can withdraw cryptocurrency for free through this app.

Alternative 9 – Uphold

Uphold is considered as one of the best alternatives to Coinbase and can be used by businesses and individuals to send and receive crypto and earn some income through cryptocurrency. It only has basic features and advanced trading cannot be done. Crypto trading can be done for precious metals and stocks, and flat Crypto can be purchased by using debit and credit cards.

Alternative 10 – Zengo

Zengo is one of the most secure alternatives to Coinbase. It is considered as one of the most secure wallets which you can use to make an investment in cryptocurrency. The app allows you to create an account within a few seconds and become an owner of your crypto. No minimum balance is required to manage the account.

Conclusion

Coinbase is a cryptocurrency app which can be used to sell cryptocurrencies and do trading. It has a confusing fee structure and transaction fee is high. Its customer service is also not good and due to all these reasons, users look for Coinbase alternatives like Kraken, EToro, Zengo, and many more.