Best Alternatives to Coinbase

Best Alternatives to Coinbase

Daniel Chan

November 9, 2021

Cryptocurrency

Coinbase is the largest cryptocurrency exchange in the USA, but many people like to search for other options that have lower fees, or more coins. Coinbase is ranked highly in our US cryptocurrency exchange guide, but we have five alternative exchanges for you that may suit your needs better than Coinbase.

Coinbase Alternative #1: eToro (Better for Beginners)

eToro is our top alternative to Coinbase, because it is perfect for beginners. eToro has a demo account where you can use free play money to practise with no risk, which is an excellent way for beginners to learn. Another great feature for beginners is Copy Trading, where you can select a successful trader to copy, and eToro will automatically carry out your trades exactly the same as that person. 

eToro does not charge a set percentage as commission for each trade, but instead their fees are included in their spreads, making it hard to compare to other crypto exchanges. From my comparisons, eToro's fees are lower than Coinbase's high fees. However, eToro only offers 30 different coins, compared to 70+ on Coinbase.

  • Buy 30 different cryptocurrencies using credit/debit card, bank transfer, PayPal or wire transfer
  • Demo account where you can trade risk-free with $100,000 virtual money
  • Social Trading allows users to interact with others and even copy their trades automatically
  • Global brand regulated in the US and registered with FinCEN

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Coinbase Alternative #2: Gemini (More Secure than Coinbase)

Gemini is our second option for Coinbase alternatives because it is a much more secure platform compared to Coinbase. It is regulated by the NYSDFS and enjoys FDIC protection for their USD. They have been built ground-up on a security-first mentality for their users, and maintain the highest standards of security and operational compliance. Gemini has completed SOC 1 Type 1 & Type 2, and SOC 2 Type 1 & Type 2 examinations, and been awarded the coveted ISO 27001 certification. It is the world’s first cryptocurrency custodian and exchange to demonstrate this standard of financial operations and security compliance, and has never been hacked.

Gemini offers two interfaces which can be toggled easily with a button - a basic one that is great for new crypto investors, as well as an advanced trading platform for the serious traders The fees are much lower than Coinbase, with Maker/Taker fees starting at 0.25% / 0.35% which can be reduced based on high trading volume. 

  • Security-first mindset means a heavy focus on regulation and compliance; your funds are extremely safe, with insurance cover
  • Offers a huge number of options: Direct buying, Advanced ActiveTrader interface, Auction support, and Electronic block trades
  • High liquidity due to a large customer base
  • Low fees of 0.25% / 0.35% for Maker/Taker

Coinbase Alternative #3: Uphold (More Trading Assets than Coinbase)

Uphold is an excellent alternative to Coinbase, because it offers experienced traders more than just cryptocurrency. While Coinbase offers 70+ cryptocurrencies, Uphold has support for over 60+ cryptocurrencies, 27 fiat currencies and 4 precious metals, with the ability to trade between any two assets you like. For example, you can buy Gold using BTC, or trade your Ether for Euros in a few seconds. Uphold is a great exchange for those that are looking to diversify in forex or precious metals.

Uphold doesn't charge a fee for trades, but incorporates it into the spread. From my comparison against Coinbase (see here), Uphold has lower fees.

  • Access other investment assets such as foreign exchange and precious metals
  • Trading fees are included in the spreads, which are lower than Coinbase's fees
  • Debit card so you can spend your crypto, commodities or cash
  • Over 60+ different coins available to buy and sell

Uphold Disclaimer: Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

Coinbase Alternative #4: Crypto.com (Better Staking than Coinbase)

Crypto.com is another great alternative to Coinbase, offering almost double the number of cryptocurrencies, and many more staking options and benefits. On the Crypto.com the mobile app, you can access over 150+ different cryptocurrencies, and stake over 40+ coins. Their users can enjoy up to 14.5% interest on coins staked, with various staking periods of 1 month, 3 months, or flexible.

Crypto.com has their own coin called CRO, that comes with plenty of benefits if you stake it. When you stake CRO on the desktop exchange, you receive 10% APR interest paid daily, CRO rebate when you pay trading fees with CRO, and cashback when you use Crypto.com Pay. If you choose to stake CRO on the mobile app, you receive up to 12% APR and many other benefits. The best feature is the premium metal Visa card, that is available when you stake CRO for 6 months, where you receive up to 8% cashback on purchases (paid in CRO), rebates on subscriptions (Netflix, Spotify) and bookings (Expedia, Airbnb), and higher APR in Crypto Credit and Crypto Earn.

  • Offers access to more than 150+ cryptocurrencies
  • Staking on over 40+ coins, and receive up to 14.5% APY
  • Crypto.com's own CRO coin comes with many benefits if you stake on their platform
  • Crypto.com Visa debit card with up to 8% cashback on purchases and additional benefits, such as Airport Lounge access
  • Insurance cover on cryptocurrencies

Coinbase Alternative #5: Coinmama (Faster and Easier than Coinbase)

Coinmama is the final alternative we have here, and it is useful for those that want a faster and easier way to buy crypto compared to Coinbase. Instead of depositing money into your Coinbase account before making a purchase, Coinmama takes your payment at the point of sale. Your crypto that you just purchased using Coinmama goes straight to your personal wallet (soft or hard wallet) instead of sitting in Coinbase's online wallet. This also means Coinmama is much safer than Coinbase, because they never hold your assets nor do they keep your payment details. Even if Coinmama is hacked, you won't lose any crypto because it is always in your control in your personal wallet.

The downside of Coinmama is that they have high fees on top of their spread, which is slightly higher than Coinbase, but remember that your coins are sent straight to your wallet. If you wanted to transfer your coins from your Coinbase account to a personal wallet, you would incur a network fee which is free on Coinmama. Also you can only access 10 cryptocurrencies with Coinmama, instead of Coinbase's range of over 70.

Comparison table of Alternatives vs Coinbase

eToro
Gemini
Uphold
Crypto.com
Coinbase
Coinmama
Crypto Exchange
Crypto Exchange
eToro
Gemini
Uphold
Crypto.com
Coinbase
Coinmama
Fiat Currencies
Fiat Currencies
USD
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK & 10+ more
USD, EUR, AUD, CAD, GBP, JPY
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 20+ more
BTC, ETH, BCH, DOGE, LTC, ZEC, ZRX, MKR, BAT, AAVE & 40+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 50+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 140+ more
BTC, ETH, ADA, DOGE, SOL, DOT & 70+ more
BTC, BCH, ETH, DOGE, ADA, LTC, XRP, XTZ, LINK, UNI
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Bank transfer (ACH), Credit card, Debit card, Fedwire, PayPal, Apple Pay, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Trading Fees
Trading Fees
Fees included in the spread
From 0.25% (maker) and 0.35% (taker)
Fees included in the spread
Exchange: from 0.4%, App: Free (included in spread)
0.5% + flat fee ($0.99 - $2.99) OR variable fee (1.49% - 3.99%)
2.86% - 3.90% (depending on loyalty level)

As you can see, there are many great options besides Coinbase, so you don't need to stick to it just because it is the most popular exchange in the USA. If you are after more exchanges to compare to Coinbase, take a look at this list of the best crypto exchanges in the US. If you have any questions or suggestions please leave a comment below.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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