7 Best Coinbase Alternatives

Hedge With Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for education purposes only. Hedge With Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.

While Coinbase is one of the leading crypto exchanges based in the US, two of the biggest cons are the fees per transaction and the limited trading capability for some traders. This article will list the best Coinbase alternatives with cheaper fees and better features for advanced traders.

Here's our shortlist of the best alternatives to Coinbase with excellent features and similar trading fees:

1. Binance (overall best alternative for traders)
2. ByBit (Coinbase alternative for leverage trading)
3. eToro (best Coinbase alternative for copy traders)
4. Kraken (best alternative for U.S traders)
5. KuCoin (viable for altcoins)
6. Crypto.com (Coinbase alternative with mobile app)
7. OKX (a modern alternative to Coinbase)

List of Coinbase Alternatives & Comparisons

These exchanges are great options for those looking for a different option to Coinbase. Each platform offers similar products and services, allowing existing Coinbase customers to switch over and use similar crypto features.

EXCHANGE	CRYPTO ASSETS	TRADING FEES	RATING	PROMOTION	WEBSITE	REVIEW
Binance	385	0.1% (spot) and 0.02% / 0.04% (Futures)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	Up to $100 welcome bonus	Visit Binance	Binance Review
ByBit	331 (608 trading pairs)	0% (spot), 0.06% / 0.01% (futures)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	0% trading fees for 30 days (spot only)	Visit ByBit	ByBit Review
Kraken	222	0.16% (maker) and 0.26% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	None available at this time	Visit Kraken	Kraken Review
eToro	79	1%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.7 / 5	None available at this time	Visit eToro Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.	eToro Review
KuCoin	806	0.1%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.6 / 5	Up to 500 USDT in bonuses	Visit KuCoin	KuCoin Review
Crypto.com Exchange	90+	0.4%	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.5 / 5	$10 when stake > 1000 CRO tokens	Visit Crypto.com…	Crypto.com Excha…
OKX	349	0.08% (maker) / 0.10% (taker)	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.4 / 5	None available at this time	Visit OKX	OKX Review

The Best Alternates To Coinbase Reviewed

1. Binance

Binance is our #1 pick for the best Coinbase alternative. The advantage of Binance is the all-in-one experience for buying, trading, storing, staking, earning, and selling crypto using a unified platform. The abundance of supported coins and markets to trade is far greater than what is offered on Coinbase which is limited to 250 versus 600+ on Binance making it one of the best exchanges to buy crypto.

While Coinbase does offer limited crypto staking, the exchange does not have financing products to earn crypto interest. In contrast, besides buying, selling, and trading cryptocurrencies and derivatives, Binance allows crypto loans, savings, staking, farming, and dual investment products. For instance, there are over 60 cryptocurrencies that can be staked to earn rewards over time. At the time of writing, the returns range from 1% to 25% APY depending on the cryptocurrency chosen and overall is a much better crypto staking platform than Coinbase.

Regarding trading fees on the spot exchange, Binance has one of the lowest fees in the industry, starting at 0.1% for maker and taker orders. The fees can be further reduced by staking the platform's native token, Binance Coin (BNB), or meeting a threshold of trading volume per month. While Binance has more features and lower fees, it is a viable alternative to Coinbase for traders. However, the exchange can be challenging for some to navigate compared to Coinbase, which is streamlined for fast and easy purchases.

Therefore, investors must decide on the trade-off between convenience and fees when deciding which exchange is more suitable. If you decide Binance is the better option, read our guide on how to transfer from Coinbase to Binance.

Read our Binance review and Coinbase vs Binance comparison for more information. Use a Binance referral code to claim up to $100 USDT.

2. eToro

eToro is the ideal Coinbase alternative available in 140+ countries, including the United States, Australia, Japan, and the United Kingdom. With over 25 million users worldwide, the multi-asset trading platform provides rookie and seasoned investors a complete crypto experience through a powerful and user-friendly platform. A simple and elegant web and mobile design makes buying and selling crypto a breeze – in addition to stocks, indices, ETFs, commodities, and currencies.

As one of the main competitors of Coinbase, the ease of use of eToro is the major attractor. There are various methods to fund an account, including credit/debit cards, bank transfers, PayPal, Apple Pay, and Neteller. There is a minimum $10 amount to fund an account using a user-friendly trading platform and visual portfolio manager. Once an eToro account is funded, users can browse over 50 cryptocurrency assets to buy and sell with US Dollars (USD).

Moreover, the crypto social trading platform offers unique products that let investors find and connect with top-performing crypto traders. The CopyTrader feature allows investors to copy the positions of top traders in real-time. A minimum amount of $200 is required to get started. An active social community lets users share investment ideas, test investing techniques with virtual currency, and earn crypto-staking rewards.

Unlike Coinbase, which matches buyers with sellers, eToro is a brokerage that fulfills the other side of all trades placed. All liquidity is then managed with third-party institutions. As a result of taking on this risk, eToro charges a flat fee of 1% for buy and sell orders, plus a market spread that varies depending on the cryptocurrency. While eToro has slightly higher fees, it has one of the best crypto demo accounts for users to practice and trade without financial risk before funding a real account.

Read our full eToro crypto review.

3. Bybit

ByBit is one of the fastest-growing cryptocurrency leverage platforms established in March 2018 with more than 3 million users worldwide. Its popularity was attributed to its top crypto charting software, trading platform, and mobile app, which was second to none then. We have picked Bybit as a top alternative to consider as it's an all-in-one location where traders can participate in several markets such as spot, inverse perpetual, USDT perpetual, and inverse Futures.

Bybit allows users to buy and sell 221 cryptocurrencies using Bitcoin or USDT as the base currency. A fiat-to-crypto onramp supports direct payments in USD, EUR, GBP, AUD, CAD, and AED. However, the payment methods and supported currencies are limited. Therefore, Bybit can be considered by crypto holders who want to swap for crypto-to-crypto or trade with high leverage.

Some of the best features on Bybit include:

• A seamless trading experience with Tradingview charts
• Advanced matching engine for rapid trade execution speeds
• Take profit and stop-loss orders attached to positions
• Fee rebates for individuals that provide liquidity to the order book
• A feature-rich mobile app that is ideal for frequent traders

In particular, the trading interface is sleek, modern, and highly visual, which will suit astute traders. The price charts, drawing tools, and technical indicators are provided by TradingView, which is renowned for its advanced charting tools for crypto traders. Each window is fully customizable and can be moved or minimized to suit each trader.

As for the spot fees, Bybit charges a 0.1% maker and taker fee for all trades based on the unit of the purchased cryptocurrency. That is, Bybit's fees are five times cheaper than Coinbase's and have much better value.

Read our full ByBit review and Coinbase vs. ByBit comparison.

4. Kraken

Kraken is a regulated cryptocurrency exchange in the United States founded in 2011 by the Winklevoss Twins. The exchange has become well-known as a stable and secure trading platform available and accessible to individuals globally. Moreover, it was one of the first platforms to modernize an advanced terminal geared toward traders for fiat-to-crypto and crypto-to-crypto trading.

Kraken is a good choice as it supports 54 digital currencies that can be bought and sold using USD, GBP, EUR, CAD, CHF, JPY, and AUD. Multiple payment methods are available, including for US investors. However, for first-time investors and beginners in cryptocurrency, Kraken may not be a suitable alternative to Coinbase. Kraken's user interface is designed for users who understand order types. There isn't a simple widget or streamlined process to quickly purchase crypto that Coinbase is known for.

Kraken is a worthwhile alternative to Coinbase due to its lower fees. For users who are willing to become familiar with the advanced trading terminal, the benefit of reduced fees will increase the long-term profitability of a trading portfolio. Kraken's fees start from 0.16% and 0.26% for taker and maker orders, respectively.

Trading Volume	Coinbase Fees	Kraken Fees
$0 – 10K	0.50% / 0.30%	0.16% / 0.26%
$10K – 50K	0.35% / 0.35%	0.16% / 0.26%
$50K – 100K	0.25% / 0.15%	0.14% / 0.24%

Like Coinbase Pro, there are volume incentives on Kraken based on trading activity in the past 30 days for all cryptocurrency pairs. For example, the fee can be reduced to 0.14% / 0.24% if a monthly trading volume between USD 50,001 and USD 100,000 is met. Comparing the fees for each trading volume bracket, Kraken is cheaper.

In short, Kraken is a suitable alternative to Coinbase for users in the U.S. who want a cost-effective platform for buying, trading, and selling cryptocurrencies with fiat, stablecoins, or altcoins. To find out how to transfer crypto from Coinbase to Kraken, we have compiled a detailed tutorial.

Read our full Kraken review.

5. KuCoin

KuCoin has quickly become one of the best altcoin trading exchanges that supports a wide list of altcoins. The exchange offers an ecosystem of innovative products including a spot exchange, futures markets, margin trading, swapping crypto with zero fees, staking rewards, and lending services to earn interest on crypto assets.

We picked Kucoin due to its larger selection of coins and markets compared to Coinbase. There are currently 864 supported coins and 1,255 trading pairs to speculate on across several markets that include spot, margin, derivatives, and leveraged tokens to name a few.

We think KuCoin is superior to Coinbase in diversifying a portfolio with altcoins. Furthermore, KuCoin has a fiat-to-crypto exchange to buy crypto with cash using 46 different fiat currencies, such as USD, GBP, EUR, and CNY. Moreover, KuCoin has in-built automated trading strategies and bots. Users can select hundreds of the most widely used crypto trading bots that automate popular crypto trading strategies such as spot grid, smart rebalance, dollar-cost-averaging, and infinity grid. The performance of actual accounts using the bots is shown across each trading pair.

As for the fees, the maximum transaction fee on KuCoin is 0.1% compared to 0.5% on Coinbase. Furthermore, the trading fee reduces incrementally with increased volume. That is, individuals who have a monthly trade volume greater than 2000 BTC and provide liquidity to the order book (e.g., using conditional orders) will even pay zero-trading fees. Overall, KuCoin is a viable alternative for its selection of altcoins. To learn how to transfer from Coinbase to KuCoin, read this guide.

Read our full KuCoin review and Coinbase vs KuCoin comparison.

6. Crypto.com

Crypto.com is a one-stop solution for buying crypto with fiat at a true cost using a variety of fiat currencies and payment methods. Moreover, investors and traders can switch to Crypto.com Exchange, an advanced trading platform for speculation and exchanging crypto-to-crypto or stake coins. Unique aspects of Crypto.com that are not supported on Coinbase include margin and derivatives markets and lending services to obtain crypto-backed loans. In short, Crypto.com is one of the best alternatives to Coinbase.

Crypto.com provides a fast and safe way to buy crypto at true cost using a debit/credit card or a bank transfer. The app's design is modern, innovative, and streamlined, making it easy for individuals of all experience levels to get started with cryptocurrency. With zero fees to deposit crypto and trade crypto-to-crypto, it is one of the best crypto apps in the market.

Crypto.com is regarded as one of the best platforms to earn interest on crypto. The app offers up to 6% P.A on Bitcoin, Ethereum, and 10% on stablecoins such as Tether and USD Coin. There are over 40 cryptocurrencies available on the app to earn crypto interest, with rewards paid weekly directly into the user's wallet. This service is unavailable on Coinbase at the time of writing. Therefore, Crypto.com provides greater benefits after buying crypto.

The Crypto.com Exchange fees are volume-based and measured over 30 days. The maximum fee is 0.4% for maker and taker orders, and 0.04% for both. Staking CRO tokens on the exchange can further reduce the fees by up to 60%. In contrast, the starting fee on Coinbase is 0.5%, and there are no staking features to lower the fees, which is a disadvantage.

Trading Volume	Coinbase Fees	Crypto.com Exchange Fees
$0 – 10K	0.50% / 0.30%	0.4% / 0.04%
$10K – 50K	0.35% / 0.35%	Up to 0.35% / 0.35%
$50K – 100K	0.25% / 0.15%	0.15% / 0.25%

While Crypto.com is a similar platform to Coinbase in terms of ease of use, supported assets, and features, Crypto.com is a superior choice to Coinbase as the fees are slightly cheaper. Moreover, Crypto.com is also regulated in the U.S. and is widely available globally with its offering of products and services.

Read our full Crypto.com review and Crypto.com vs Coinbase comparison.

7. OKX

OKX has revamped its platform and offers a modern and sophisticated trading platform tailored to beginners and serious crypto traders. While OKX is not available for US traders, it's an up-and-coming exchange worldwide that matches the products and features offered by Coinbase and more. There are many trading features and benefits, including 366 supported cryptocurrencies (versus 250+ on Coinbase) that can be traded across 826 spot, futures, margin, and perpetual markets.

OKX offers something different from Coinbase with its Peer-to-Peer (P2P) platform for users to buy crypto directly with other users. Users can select between 142 different payment methods, such as credit cards, Apple Pay, SWIFT, Advcash, and MenaPay, to make a purchase. The user interface is clean and modern, like Coinbase's, which makes it simple for the general public. There is also the option to convert crypto-to-crypto with zero fees—a feature not offered on Coinbase.

For the other fees, OKX uses a maker-and-taker model that starts at 0.08% and 0.10% for users with less than 500 OKB tokens. The fees can be reduced to 0.06% and 0.08%, respectively, if 2,000 OKB tokens are held within the OKX wallet. In short, OKX is a full-featured exchange that offers more products and has lower fees than Coinbase.

Read our full OKX review.

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