Coinbase is among the pioneer crypto exchanges and continues to lead the industry in various important aspects. That being said, there are other apps like Coinbase which may have unique advantages for you. This is why looking at Coinbase alternatives is essential for any crypto user or trader so that you can get the ultimate experience.
CoinMarketCap lists over 800 active crypto exchanges but only a handful can be worthy alternatives to Coinbase because it has so much to offer. In this article, we’re going to look at 5 options you can choose from if you ever find yourself asking the question, what are the best alternatives to Coinbase available in 2024?
How did we choose these Coinbase alternatives?
To determine what’s better than Coinbase, there are several factors to consider that affect your day-to-day experience in the crypto markets and how profitable you can become.
Pricing
The more of your earnings you get to keep, the more profitable you become; not to mention other additional fees which could eat into your earnings. Therefore, we found an exchange with the most favorable fee schedule to help you keep the bulk of your profits.
AvaTrade
- Reputable Broker
- Diversification through ETFs Cryptocurrency
- CFD Trading
AvaTrade
Security
Unlike in other markets, crypto transfers cannot be reversed, which means erroneous transactions cannot be rectified. This has made security extremely serious to protect users’ assets from being stolen for good. Here, find the most secure crypto exchange to avoid such loss.
Reliability/Trustworthiness
The anonymous nature of blockchain relies heavily on trust, so you need to wisely select where to place that trust. To help you, we identified crypto platforms that have a long track record of trustworthiness over the years so your mind can be at ease.
Number of cryptos available
How would you like to have your options in the crypto market limited? Not very much, right? Everyone deserves to have a varied field of choice which can be represented in the number of cryptos made available to trade. Naturally, the more the better, and we have identified the exchange with the widest selection of cryptos.
Uphold
- High-level security
- Easy, intuitive operations
- Excellent customer support
Uphold
Features available on their platform
Any platform can allow you to trade cryptos. What gives you an edge over the rest of the market are the extra features and services provided by the platform. For this, we explored various exchanges to find the one(s) that not only have the most features but also the most useful.
Usability/Adaptability across the board
Even a great trading platform is no good if it’s not easily usable and adaptable. For instance, it should be easy to use and accessible across all devices without compromising on the services and features offered. One particular exchange stood out in this regard and provides an alternative to Coinbase for some traders.
The most popular Coinbase alternative: Binance
As the leading crypto exchange by trading volume, Binance is one of the first alternatives to consider beyond Coinbase. It has held this position for several years to date because it provides an excellent all-round experience for traders, most notably the trading features. Thanks to the deep liquidity on the platform, you get the best quotes and trading speeds regardless of the crypto in question.
- Top crypto exchange by trading volume
- Secure platform with recently audited Proof of Reserves (PoR)
- New coins launched and regularly listed
- Advanced trading platform for professionals
- The company has faced regulatory scrutiny
- Pro features make it overwhelming for beginners
Best fee Coinbase alternative: Bitget
One strategic advantage of Bitget compared to Coinbase is copy trading where you can copy the trades of over 180,000 elite traders and replicate their performance in the market, including the use of trading bots for even better performance.
Bitget
- Competitive trading fees.
- User-friendly, ergonomic interface.
- Enhanced fund security.
Bitget
- A large number of over 800 cryptos listed
- Copy trading and trading bots are available
- Accepts fiat currencies as a mode of payment
- Supports futures trading
- Customer support could be better
- Trading experience needed for beginners
The most secure Coinbase alternative: BTCC
Here is a Coinbase alternative US traders will appreciate. Not only is it licensed in the US, Canada, and Europe, but it is also one of the first crypto exchanges ever to be launched in 2011. BTCC is primarily focused on futures trading, providing leverage of up to 250x and top liquidity on the best trading platforms including mobile apps like Coinbase.
BTCC
- More than 12 years in the trading market
- Interface for beginners and professionals
- Copy trading function
- Active and trusted since 2011
- Licensed to operate in the US, Canada, and Europe
- Easy to use for beginners and advanced traders
- Safe platform with no history of hacks
- Fewer additional features than most exchanges
- Mainly focused on futures trading
The most user-friendly Coinbase alternative: eToro
eToro has the largest social trading community with over 35 million registered users. Everyone is welcome to copy leading traders and improve their performance at no extra fee and the platform has innovative features like CopyPortfolios and a very easy-to-use interface.
eToro
- Number 1 copy trading platform
- Integrated social network for traders
- User-friendly app with great experience
eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Easy-to-use interface on desktop and mobile
- Short-selling available on crypto CFDs
- Leverage available on crypto CFDs
- Diverse portfolio with additional assets like stocks, currencies, etc.
- Only about 100 cryptos are available
- Cryptos are not easily transferred to other wallets
The Coinbase alternative with the most features: Kraken
Kraken
- Great customer support
- Secure exchange
- Lower fees with Kraken Pro
Kraken
Be it spot or futures, staking, or investing in NFTs, Kraken has got you covered, all on the best trading platforms suited for all levels of traders. Additional features further enhance your trading experience and may be useful in raising your profitability ahead of other traders.
- Safe platform with a long history of high-grade security
- Advanced trading platforms and features for pro traders
- Excellent customer support 24/7
- A decent range of cryptos listed
- High transaction fees when buying through fiat
- Few additional trading features and services
Why choose an alternative to Coinbase?
It’s always good to have an option to fall back on, even though Coinbase is already a pretty good exchange. And as you have seen from the above options, there are certain areas where Coinbase alternatives have an advantage. For these specific areas, you may need to switch from Coinbase to enjoy the added benefits.
Tokize’s choice for the best alternative to Coinbase
Bitget
- Competitive trading fees.
- User-friendly, ergonomic interface.
- Enhanced fund security.
Bitget
Based on our assessment of multiple factors, we at Tokize think that Bitget is the best alternative to Coinbase. Its popularity stems from a balance of low fees, a large number of cryptos, and advanced features with great trading conditions. All these make it well-rounded and thus the ideal substitute in place of Coinbase.
