Best 10 Coinbase Alternatives and Competitors

Although Coinbase is one of the most popular and reliable exchanges in the world, it also has its drawbacks. If they are critical for the user, he begins to look for similar platforms that are willing to provide the same features, but on more comfortable terms.

In this article, we have collected possible alternatives to Coinbase, which have similar functionality and are able to replace it. We are sure that you will find acceptable options among them. 

All you need about Coinbase

Coinbase is an online cryptocurrency exchange platform considered to be one of the largest and most demanded in the world. Coinbase exchange provides the two most popular services in the field ­ crypto trading and brokerage service.

Coinbase is an American company that successfully runs its business since 2012. Although the Coinbase cryptocurrency trading platform operates for over eight years, it continues to develop. Thus, in 2021, the company increased its possessions to $90 billion considering that in 2020, its assets comprised $35 billion. Additionally, Coinbase Q1 profit in 2021 is roughly $730-800 million.

Coinbase exchange is appropriate for newbies and experienced investors because it offers a great variety of additional services like Coinbase Pro, Coinbase Wallet application, and Coinbase Card, as well as a wide choice of fiat and cryptocurrencies (50+) and payment methods.

Features

Available countries

Coinbase services are available in more than 100 countries. Coinbase does not provide trading services in Russia, Ukraine, Belarus and in sanctioned countries. A limited number of exchange features are available in Kazakhstan.

Cryptos and Tokens

Coinbase currently supports 524 trading pairs and 217 coins.

Transaction Fees

Regulation

Coinbase is regulated in the United States and also seeks licenses in other states where this is possible. Coinbase is currently licensed to conduct money transfers in most U.S. jurisdictions.

Most of Coinbase's remittance licenses cover U.S. dollar wallets and transfers. In some states, money transfer licenses also cover cryptocurrency wallets and transfers within the platform. Other states do not require a digital money transfer license.

Coinbase is also registered as a money services business with FinCEN.

Verification (KYC)

Coinbase is very strict about user verification. On exchange you will have to enter your data and submit a photo of a document, i.e. go through KYC.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

10 Best Coinbase Competitors and Alternatives Comparison

Binance

Binance is the world's largest exchange by trading volume. It was founded in 2017 by Chinese businessman Changpeng Zhao. He is its largest shareholder. It is a global blockchain ecosystem and infrastructure provider for the crypto industry with a suite of financial products and instruments.
Our Comparisons:

• Coinbase vs Binance vs Kraken
• Coinbase vs Binance

Features

Available countries

Binance exchange is available in more than 100 countries. Binance does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can fund your account with a bank card, PayPal or cryptocurrency. 

Card Support

All types of bank cards from supported countries are available on Binance.

Available Cryptos and Tokens

Binance currently supports 1463 trading pairs and 357 coins.

Trading Options

Binance provides the ability to trade on spot, futures, P2P. Margin trading is also available.

Trading Fees

Regulation

The most popular crypto exchange has changed jurisdictions several times during its existence, and there have been many rumors about it (Caymans, Malta, Singapore, Seychelles). The platform is actively recruiting regulatory staff and working towards licensing in major states.

At the moment, the legally independent Binance US platform for the US is fully legal. A list of licenses and regulators for each state is here.

Verification (KYC)

Confirmation of personal information on Binance Crypto Exchange is required for any transactions with cryptocurrencies or fiat. You should also know that the verification process at Binance must be completed within 15 minutes. It is not allowed to refresh the page, restart or disconnect the Internet. There are 3 attempts daily to do everything without difficulty.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

Rating

ByBit

Bybit is a cryptocurrency derivatives exchange launched in 2018, which quickly became popular due to its user-friendly and clear interface, efficient contract handling, no verification requirements, and high leverage. Bybit is one of the main competitors of Binance Futures.

Over time, the functionality has expanded. Today, the site also gives the opportunity to trade on the spot market. NFT-marketplace, p2p-market, buying cryptocurrencies for fiat money were added. The exchange supports a wide range of coins and contracts for trading.

Features

Available countries

ByBit exchange is available in more than 100 countries. ByBit does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can fund your account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on ByBit.

Available Cryptos and Tokens

Binance currently supports 318 trading pairs and 237 coins.

Trading Options

ByBit provides the ability to trade on spot, futures, P2P. Margin trading is also available.

Trading Fees

Regulation

There is no information about the regulation and the corresponding license.

Verification (KYC)

ByBit, on the other hand, allows trading without verification. The exchange belongs to the category of unregulated. If you are not going to work with fiat, participate in IEO or exceed the established minimum limits, you can do without account verification. Although passing the KYC is still desirable for those who plan to actively use the exchange and all its functions.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

Kraken

Kraken Exchange is one of the oldest and most reputable cryptocurrency trading platforms. The company was founded on July 28, 2011 in San Francisco. In May 2013 began open beta testing, and on September 10 - the service officially opened. The Chief Executive Officer (CEO) is Jesse Powell. Kraken operates within the legal boundaries of the law, complying with KYC and AML regulations. Fiat currencies can be deposited/withdrawn on the cryptocurrency exchange. Kraken has partnered with Fidor Bank in Germany since 2014, which has allowed it to quickly become the number one in terms of euro trading volume. Read also:

• Coinbase vs Binance vs Kraken
• Coinbase vs Gemini vs Kraken

Features

Available countries

Kraken is available in more than 100 countries. Kraken does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can fund your account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on Kraken.

Available Cryptos and Tokens

Kraken currently supports 631 trading pairs and 202 coins.

Trading Options

Kraken provides the ability to trade on spot, futures, P2P. Margin trading is also available.

Trading Fees

Regulation

Kraken is regulated by FinCEN (USA), registration number 31000176593851. In Canada, the platform is regulated by FINTRAC, registration number M19343731.

In the UK, the services are represented by CryptoFacilities Ltd, registration number 757895, regulated by the FCA. Australia - legal entity Bit Trade Pty Limited (ABN 42 163 237 634, ACN 163 237 634), regulator AUSTRAC, Australian Reporting and Analysis Centre. Japan - legal entity Payward Asia, K. K., registration number 00022, regulator The Director-General of the Kanto Local Finance Bureau.

In the UAE the financial services are provided by Payward MENA Holding Limited registered in Abu Dhabi and supervised by the Financial Services Regulatory Authority (Financial Services Authorization Number 190008).

For users from other countries the contract is concluded with Payward Trading Ltd registered in British Virgin Islands. For Kraken Futures, the data controller is Payward Pte. Ltd. or Payward Global Trading Pte. Ltd, registered in Singapore (regulator Monetary Authority of Singapore (MAS), regulatory framework Payment Services Act (PSA).

Verification (KYC)

Kraken has good security measures, so the identity verification process here is particularly difficult for traders. The project implements a holistic concept, spelled out in the international standards of identification of online customers (Know Your Customer). There is a comprehensive examination of the identity of the investor or crypto trader who comes to work at the site. Verification on Kraken is multi-level - 5 stages in total. Successful completion of each stage brings more freedom to use the options, features and services of the crypto exchange.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

Kucoin

Kucoin is a cryptocurrency exchange that launched in September of 2017, they are focused on creating the best possible experience for their users. They aim to stand out from the competition in this saturated market. The exchange is a trustworthy site. The bonus program has a considerable bounty, and there is good support for programming that occurs around the clock. There's also a list of cryptocurrencies on the site which are getting ready to be listed on other platforms.

Features

Available countries

KuCoin exchange is available in more than 100 countries. Kucoin does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can fund your account with a bank card, PayPal or cryptocurrency.

Card Support

Kucoin offers all international cards supported by your country.

Available Cryptos and Tokens

KuCoin currently supports 1265 trading pairs and 712 coins.

Trading Options

Kraken provides the ability to trade on spot, futures, P2P. Margin trading is also available.

Trading Fees

Regulation

There is no information about the regulation and the corresponding license.

Verification (KYC)

Verification on KuCoin was officially integrated in 2018 and has two levels, basic and advanced.

Differences between levels:

Without verification - withdrawal no more than 1 BTC per day, crypto-fiat transactions are prohibited, leverage in futures trading up to 5x.
Basic - withdrawal up to 1 BTC per day, crypto transactions are prohibited, leverage when trading futures up to 20x.
Advanced - withdrawal up to 200 BTC per day, crypto transactions up to $100 000 per day, leverage up to 100x when trading futures.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

FTX

FTX is a crypto exchange for spot trading, derivatives with up to 110x leverage, tokenized stocks and other trading instruments. It features deep liquidity and tight spreads. Specialized liquidation system significantly reduces the probability of loss distribution. Transactions are settled in stabelcoins. Instant margin-free position opening is available with up to 3X leverage (leveraged tokens). FTT (exchange token FTX) gives holders benefits in the form of discounts on fees and tighter spreads on OTC trading.

Features

Available countries

FTX exchange is available in more than 100 countries. FTX does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can fund your account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on FTX.

Available Cryptos and Tokens

FTX currently supports 525 trading pairs and 343 coins.

Trading Options

FTX provides the ability to trade on spot, futures, P2P. Margin trading is also available.

Trading Fees

Regulation

The main company is FTX Trading Ltd, registered in Antigua and Barbuda. There are several subsidiaries: FTX Digital Markets Ltd (Bahamas, regulator Securities Commission of the Bahamas), cryptocurrency derivatives exchange Zubr Exchange Limited (Gibraltar, regulator Gibraltar Financial Services Commission), Hive Empire Trading Pty Ltd and IFS Markets Pty Ltd (Australia, regulators AUSTRAC and Australian Financial Services). Tokenized shares are traded under a German license for FTX Trading GmbH in partnership with CM-Equity and DAAG.

In addition, there is a separate platform, FTX US, legally unrelated to FTX Trading Ltd. Regulated in the US at both federal and state level. Registered by FinCEN as a Money Services Business (MSB). The service has successfully passed US GAAP financial audits, has MTLs, DCO, DCM and SEF licenses.

Verification (KYC)

FTX is very serious about verifying the identities of its users. And if it is necessary to maximize limits and open access to all possible options, the address is also confirmed.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

OKX

The OKX cryptocurrency exchange opened in Hong Kong in 2014 under the name OKEx. It is included in the same group as one of the oldest platforms on the market OkCoin. In 2018, the platform officially moved to Malta. In January 2022, OKEx officially announced a name change to OKX and a rebranding of the company. The rebranding changed the design of the crypto-exchange, as well as revised plans for future brand development.

According to the company, they decided to remove the combination "Ex" from the name, which meant "exchange", due to the fact that the site has already gone beyond the standard trading platform.

Features

Available countries

OKX exchange is available in more than 100 countries. OKX does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can use a bank card or cryptocurrency to fund your account.

Card Support

All types of bank cards from supported countries are available on OKX.

Available Cryptos and Tokens

OKX currently supports 618 trading pairs, 345 coins.

Trading Options

OKX offers trading on spot, futures, and peer-to-peer. Margin trading is also available.

Trading Fees

Regulation

There is no information about the regulation and the corresponding license.

Verification (KYC)

OKX clients should confirm their identity by passing at least one level of verification. This is no problem, you only need to specify your passport data. However, you can make a deposit and trade even before that. Further KYC levels with address confirmation are needed to expand the limits and available options.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

Huobi

Huobi saw the light of day in 2013 and has since become one of the leading companies offering services for trading and investing in cryptocurrencies. It actively researches emerging blockchain technologies and implements them to improve the efficiency of its operations. Over the years, Huobi has expanded into mining, created its own public blockchain, wallet and more.

The company has licenses to serve customers in most regions, excluding some jurisdictions. Subsidiaries have been opened in many countries and operate as required by regulators. In total the company's services are offered in more than a hundred regions.

Features

Available countries

Huobi is available in over 100 countries - but does not provide trading services to sanctioned countries.

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can use a bank card, PayPal or cryptocurrency to fund your account.

Card Support

All types of bank cards from supported countries are available on Huobi.

Available Cryptos and Tokens

Huobi offers 1001 trading pairs, 627 coins.

Trading Options

Huobi is a great exchange for trading. Huobi offers trading on spot, futures, and peer-to-peer. Margin trading with high leverage is also available.

Trading Fees

Regulation

There is no information about the regulation and the corresponding license.

Verification (KYC)

Verification at Huobi cryptoplatform allows to increase the amount of cryptocurrency withdrawn from the site (initially you can withdraw no more than 1 BTC per day), increase p2p-transactions limits (without verification - up to 999 dollars in total) and open access to some functions.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

Phemex

Phemex is a cryptocurrency exchange with spot and futures trading, instant asset conversion, and card purchases. The platform offers trading bonuses, including a welcome bonus for registration, and passive income tools. Users can buy a premium membership and get benefits when working with the platform; there are also ways to get a premium membership for free.

Features

Available countries

Phemex exchange is available in more than 100 countries. Phemex does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can use a bank card, PayPal or cryptocurrency to fund your account.

Card Support

Phemex has a variety of banking options and sells prepaid cards for over 78 different countries, including supports card types.

Available Cryptos and Tokens

Phemex offers 236 trading pairs, 234 coins.

Trading Options

Phemex is often chosen precisely because of the trade. Phemex offers trading on spot, futures, and peer-to-peer. Margin trading with high leverage is also available.

Trading Fees

Regulation

There is no information about the regulation and the corresponding license.

Verification (KYC)

It is recommended that you verify your Phemex account in order to gain access to the full range of features: mainly the ability to purchase premium memberships and various bonuses for verified users.
Verification does not take much time, usually within a few minutes you will receive a notification of approval or rejection (in the second case, it will indicate which errors should be corrected).

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

Gate.io

Gate.io was launched in 2013 in China. Initially the creators focused on the Asian market, but over time they began to attract customers from other parts of the world.
In 2017, the platform underwent a rebranding and changed jurisdiction, moving to the Cayman Islands. This happened due to the strict policy of the Chinese authorities.

Features

Available countries

Gate.io exchange is available in more than 100 countries. Gate.io does not provide trading services in sanctioned countries. 

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can use a bank card, PayPal or cryptocurrency to fund your account.

Card Support

Gate.io has a variety of banking options and sells prepaid cards for over 78 different countries, including supports card types.

Available Cryptos and Tokens

Gate.io offers 2729 trading pairs, 1472 coins.

Trading Options

Gate.io is often chosen precisely because of the trade. Gate.io offers trading on spot, futures, and peer-to-peer. Margin trading with high leverage is also available.

Trading Fees

Regulation

There is no information about the regulation and the corresponding license.

Verification (KYC)

KYC on the exchange Gate.io will have to pass in any case, if you are going to deposit and withdraw funds.

There are also other reasons: for example, if you are not satisfied with the set limits (daily or one-time). In addition, having a verified account at Gate increases the security level of the account.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

Gemini

The Winklevoss twins founded their Bitcoin and Ether exchange platform, Gemini, back in 2015. It's a reference to their zodiac sign - Gemini - which means 'twin' or two people.

Gemini exchange is a good option for those who are looking to make a lot of transactions throughout the day, especially with professionals traders. They don't charge their customers a commission when they are actively trading cryptocurrency. 
Our comparasions Coinbase vs Gemini: 

• Coinbase vs Gemini vs Kraken

Features

Available countries

Gemini is available from more than 100 countries. Gemini does not provide trading services in sanctioned countries.

Payment methods

You can fund your account with different fiat currencies and cryptocurrency wallets. You can use a bank card, PayPal or cryptocurrency to fund your account.

Card Support

Gemini has a variety of financial options and sells prepaid cards for over 78 countries, with support for card types including debit card, gift card and credit cards.

Available Cryptos and Tokens

Gemini offers 131 trading pairs, 106 coins.

Trading Options

Gemini is often chosen precisely because of the differences that are offered between it and other gold trading platforms. Gemini offers trading on spot, futures, and peer-to-peer whereas the other platforms offer only spot trading. Margin trading with high leverage is also available

Trading Fees

Regulation

There is no information about the regulation and the corresponding license.

Verification (KYC)

On Gemini after adding your bank account, you will need to verify your identity. This will include providing various forms of documentation. This is the standard for the "know your customer" procedure and compliance with various regulations, but it often discourages many customers.

Interface

The interface of the exchange is quite convenient and clear. Any user can immediately understand all the functions. Do not worry, if you do not understand something, you can always see the training and tips.

Withdrawal methods

From the exchange, you can withdraw money directly to your card or to your cryptocurrency wallet. P2P trading is also available, which allows you to withdraw to your card without a fee.

How to choose crypto exchange?

FInal Thougths 

There are numerous alternatives to Coinbase, with which you can trade, invest, use other features relevant to the crypto industry. You should be aware of them, even if you successfully use Coinbase, because the situation changes quickly, and for political reasons an account can be blocked or another unpleasant situation can happen. Also, you don't have to use one site to do everything. It's entirely possible that C is better for one thing and a competitive platform for another. Don't limit yourself; most importantly, choose reliable exchanges.

Disclaimer:

Crypto trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQ

What platform is better than Coinbase?

Coinbase is a well-known cryptocurrency exchange. It is one of the most trusted platforms in the industry.

However, there are still other alternatives that have emerged in recent years that are now better than Coinbase. These platforms offer more features and convenience for their users.

This article discussed these alternatives and provided details on how they compare to Coinbase as a cryptocurrency platform.

What is the safest crypto platform?

The safest crypto platform is one that is not susceptible to hacking, has a large number of users, and has a transparent team.

It is important to be aware of the risks associated with cryptocurrency trading in order to avoid any losses.

Is Kraken better then Coinbase?

For a long time, Coinbase was considered the most popular cryptocurrency exchange. But recently, Kraken has been gaining popularity.

This is mainly because Kraken offers more features and it is easier to use. It also has a higher liquidity of cryptocurrencies than Coinbase. However, Coinbase offers more cryptocurrencies and it is easier to withdraw your funds with them.

Who is Coinbase biggest competitor?

Coinbase is a digital currency exchange that allows people to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

In the cryptocurrency industry, Coinbase is the biggest competitor of other exchanges. It has the largest market share in the US and Europe at about 50% of the market share.