Looking for a Coinbase alternative to buy cryptocurrencies? Youโre not alone! Coinbase has reigned supreme in the world of cryptocurrency exchanges for many years. However, as the market has evolved and competition has increased, numerous alternatives have come to the fore, offering different features and benefits that cater to various needs. This article highlights the top Coinbase alternatives for 2023, each unique in its own way.
Disclosure: No content in this article should be taken as financial advice. Investing can be risky, so it is recommended that you consult with your accounting, legal, and tax advisors before engaging in any kind of transaction.
Best Coinbase Alternatives Overview
| Exchange | Cryptocurrencies Supported | Advanced Trading Options | Insurance | Ease of Use | Unique Features |
|---|---|---|---|---|---|
| Binance | Extensive selection | Yes, including futures and staking | No | Moderate | High trading volume; Global accessibility |
| Kraken | Wide range | Yes, including futures and margin trading | No | Moderate | Robust security; High liquidity |
| Gemini | Variety of cryptocurrencies | No | Yes, high coverage | High | High regulatory compliance; Recurring buys |
| eToro | Wide range | No | No | High | Social trading; CopyTrading system |
| Bitstamp | Wide range | Yes, including spot and margin trading | No | Moderate | Multisig wallet security; Established reputation |
| Coinmama | Limited selection | No | No | High | Quick verification; Direct purchases with cards |
| Cex.io | Wide range | Yes | No | High | Comprehensive learning section; Global accessibility |
Binance US (U.S. Residents Only)
Binance.US is the American arm of Binance, one of the worldโs largest cryptocurrency exchanges. Launched in 2019 to cater specifically to users based in the United States, Binance.US offers a somewhat more limited selection of features due to U.S. regulations. The platform, however, still provides a comprehensive trading experience with a wide array of cryptocurrencies, an intuitive interface, and advanced trading features like spot trading. Itโs known for its low fees and robust security measures, which include two-factor authentication and device management. Binance.US is also insured by FDIC for USD deposits, adding an extra layer of safety for users. Although the platform may not provide the extensive range of cryptocurrencies and futures trading as its parent platform, Binance.US remains a highly competitive option for U.S. investors seeking a reliable and compliant cryptocurrency exchange.
| Feature | Binance.US Details |
|---|---|
| Cryptocurrencies Supported | Wide range, although less extensive compared to Binance |
| Advanced Trading Options | Yes, spot trading available. However, futures trading is currently not supported |
| Insurance | FDIC insurance for USD deposits |
| Ease of Use | Moderate, suitable for both beginners and experienced traders |
| Unique Features | Compliant with U.S. regulations, provides a safer trading environment for U.S. residents |
| Fiat Support | Yes, USD supported |
| Fees | Relatively low, 0.1% trading fee. However, charges may apply for deposits and withdrawals |
| Security | Two-factor authentication, withdrawal whitelist feature, and device management |
| Customer Support | 24/7 support, with live chat and ticket system |
Binance (International)
One of the most popular Coinbase alternatives is Binance. Known for its extensive selection of cryptocurrencies, Binance boasts one of the largest trading volumes worldwide. Binance offers advanced trading features, futures contracts, and even staking options for more experienced users. It has also focused on expanding its fiat currency support and local payment options, making it an increasingly accessible platform globally.
| Feature | Binance Details |
|---|---|
| Cryptocurrencies Supported | Extensive selection of cryptocurrencies |
| Advanced Trading Options | Yes, including futures contracts, staking, margin trading |
| Insurance | SAFU (Secure Asset Fund for Users) for emergencies |
| Ease of Use | Moderate, suitable for both beginners and experienced traders |
| Unique Features | High trading volume; Global accessibility |
| Fiat Support | Yes, supports multiple fiat currencies |
| Fees | Low trading fees (0.1%) and withdrawal fees vary based on cryptocurrency |
| Security | Two-factor authentication, withdrawal whitelist feature, and advanced security systems |
| Customer Support | 24/7 support with an extensive FAQ section and live chat feature |
Kraken
Kraken is another strong contender in the space. The platformโs highlight is its robust security measures. Additionally, Kraken supports a wide array of digital currencies and offers futures trading. Itโs also one of the few platforms that offer margin trading. With its intuitive interface and comprehensive customer support, itโs a great choice for both beginners and experienced traders.
| Feature | Kraken Details |
|---|---|
| Cryptocurrencies Supported | Wide range of cryptocurrencies supported |
| Advanced Trading Options | Yes, includes spot trading, margin trading, and futures trading |
| Insurance | Currently, Kraken does not insure digital assets |
| Ease of Use | Moderate to high, suitable for both beginners and experienced traders |
| Unique Features | Strong security measures; High liquidity |
| Fiat Support | Yes, supports several major fiat currencies |
| Fees | Fees depend on the currency pair and volume; generally low to moderate |
| Security | Includes two-factor authentication, a master key option for account recovery, and encrypted email communication |
| Customer Support | 24/7 support with an extensive support center and live chat |
Gemini
Co-founded by the Winklevoss twins, Gemini is a US-based exchange well-regarded for its commitment to regulation and security. Gemini supports a variety of cryptocurrencies and offers high insurance coverage on digital assets stored on the platform. The user-friendly interface, combined with options for recurring buys and price alerts, make it a viable choice for new and seasoned crypto investors alike.
| Feature | Gemini Details |
|---|---|
| Cryptocurrencies Supported | Supports a variety of cryptocurrencies |
| Advanced Trading Options | Yes, Gemini offers a separate interface, Gemini ActiveTrader, which has advanced trading options |
| Insurance | Yes, it provides digital asset insurance and is also FDIC insured for USD deposits |
| Ease of Use | High, known for its user-friendly interface |
| Unique Features | High regulatory compliance; Recurring buys; Price alerts |
| Fiat Support | Yes, supports USD |
| Fees | Transaction fees depend on your 30-day trading volume and can range from 0.10% to 0.35% |
| Security | Offers a high level of security, with two-factor authentication and hardware security keys |
| Customer Support | 24/7 customer support available through email, phone, and chat |
eToro
Known for its social trading feature, eToro allows users to mimic the trades of successful traders. It offers a unique approach to crypto investing that appeals to newcomers looking for guidance or those who prefer a more hands-off approach. eToroโs platform is easy to use, and it supports a wide range of cryptocurrencies.
| Feature | eToro Details |
|---|---|
| Cryptocurrencies Supported | Supports a wide range of cryptocurrencies |
| Advanced Trading Options | No, but offers unique social trading features |
| Insurance | Client funds are held in segregated accounts; However, cryptocurrencies are not insured |
| Ease of Use | High, known for its user-friendly interface |
| Unique Features | Social trading platform; CopyTrading system |
| Fiat Support | Yes, supports multiple fiat currencies |
| Fees | No fees for depositing money; Withdrawal fee of $5; Spreads on trades vary by cryptocurrency |
| Security | Two-factor authentication available; Uses industry-standard encryption technology |
| Customer Support | Offers 24/5 customer support via live chat and ticket system |
Bitstamp
Bitstamp has earned a reputation as a reliable and trustworthy exchange since its inception in 2011. It supports a wide range of cryptocurrencies and provides several trading options, including spot trading and margin trading. Bitstamp also ensures robust security measures, including two-factor authentication and multisig technology for its wallet.
| Feature | Bitstamp Details |
|---|---|
| Cryptocurrencies Supported | Supports a wide range of cryptocurrencies |
| Advanced Trading Options | Yes, including spot trading and margin trading |
| Insurance | Cryptocurrencies stored in cold storage are fully insured |
| Ease of Use | Moderate, suitable for both beginners and experienced traders |
| Unique Features | Multisig wallet security; Established reputation |
| Fiat Support | Yes, supports multiple fiat currencies |
| Fees | Fees range from 0.5% for low volume trading, dropping to 0.1% with sufficient trading volume |
| Security | Two-factor authentication and multisig technology for its wallet |
| Customer Support | 24/7 support through email and an extensive FAQ section |
Coinmama
Coinmama stands out for its ease of use and fast verification process, offering an intuitive platform ideal for beginners. You can buy cryptocurrencies directly with a credit or debit card, or even through a bank transfer. Coinmama is available in multiple countries and supports a variety of fiat currencies.
| Feature | Coinmama Details |
|---|---|
| Cryptocurrencies Supported | Supports a limited, but popular selection of cryptocurrencies |
| Advanced Trading Options | No, primarily focused on buying and selling cryptocurrencies |
| Insurance | Does not offer insurance on digital assets |
| Ease of Use | High, known for its straightforward and user-friendly interface |
| Unique Features | Quick verification process; Direct purchases with debit/credit cards and bank transfers |
| Fiat Support | Yes, supports multiple fiat currencies |
| Fees | Transaction fee of up to 3.9% for direct purchases; an additional 5% fee for credit card purchases |
| Security | Uses industry-standard encryption technology for data security |
| Customer Support | Offers customer support via email and an extensive FAQ section |
Cex.io
Cex.io is a multi-functional cryptocurrency exchange, offering a mix of easy purchase options and advanced trading features. With robust security measures, Cex.io provides a safe trading environment. The platform also offers a comprehensive learning section, ideal for those new to the crypto world.
| Feature | Cex.io Details |
|---|---|
| Cryptocurrencies Supported | Supports a wide range of cryptocurrencies |
| Advanced Trading Options | Yes, including spot and margin trading |
| Insurance | Does not offer insurance on digital assets |
| Ease of Use | High, known for its user-friendly interface |
| Unique Features | Comprehensive learning section; Worldwide accessibility |
| Fiat Support | Yes, supports multiple fiat currencies |
| Fees | Maker-taker fee schedule ranges from 0% to 0.25%, depending on the 30-day trade volume |
| Security | Two-factor authentication, encrypted data, and withdrawal protections |
| Customer Support | 24/7 customer support via email and an extensive FAQ section |
