Coinbase is a top cryptocurrency exchange that is a well-established and secure platform for buying and selling cryptocurrencies. Since its founding in 2012, Coinbase has been the go-to destination for beginners due to its simplicity and easy-to-use platform and mobile app. Individuals all around the world can quickly and securely get involved with the cryptocurrency market.
However, for serious crypto traders and frequent investors, one of the biggest flaws with using Coinbase is the expensive fees of 0.5% per transaction which are above industry market rates. With hundreds of crypto exchanges like Coinbase now available on the market to choose from, this article will list the best Coinbase alternatives with cheap fees and better features, products and services.
Best Coinbase Alternatives In 2022
These are the best alternatives to Coinbase with excellent features and competitive trading fees:
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List of Best Alternates To Coinbase - Reviews
1. eToro - Overall Best Coinbase Alternative
eToro is the ideal Coinbase alternative that is available in 140+ countries including the United States, Australia, Japan and the United Kingdom. With more than 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. There is a simple and elegant web and mobile design that makes buying and selling crypto a breeze - in addition to stocks, indices, ETFs, commodities, and currencies.
As one of the main competitors to Coinbase, the ease of use on eToro is the major attractor. There are a variety of methods to fund an account which include 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 is a unique product offering that lets investors find and connect with top-performing crypto traders. The CopyTrader feature allows investors to copy the positions of top traders in real-time. There is a minimum amount of $200 required to get started. There is also an active social community that 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 beginners to practice and trade without financial risk before funding a real account.
2. Binance - Best Coinbase Alternative For Traders
Binance is the largest and most popular cryptocurrency exchange based on trading volume and liquidity for good reason. 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.
Related: Coinbase vs. Binance: Which is better?
While Coinbase does offer limited crypto staking, the exchange does not have financing products to earn crypto interest. In contrast, alongside the ability to buy, sell, and trade 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. The returns range from 1% to 25% APY depending on the cryptocurrency chosen and overall is a much better crypto staking platform than Coinbase.
In terms of trading fees on the spot exchange, Binance is 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 is packed with more features and has lower fees, it is a better alternative to Coinbase for advanced traders. However, the exchange is quite difficult to navigate and complex for newer investors as compared to Coinbase which is streamlined for fast and easy purchases.
Therefore, investors will need to 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.
3. FTX - Top Alternative For Margin Trading
FTX is well-equipped and sophisticated for serious crypto traders. It features a world-class margin trading platform that offers spot and derivatives markets. For existing Coinbase users that want an alternate platform to the next level, FTX is a great option that has lower fees and better charting tools. Moreover, FTX has rapidly increased in popularity which is demonstrated by its trading volumes and liquidity which is currently ranked 3rd in the world behind Coinbase at 2nd position at the time of writing.
Built by traders, the FTX platform has expanded its offering beyond a traditional spot exchange for buying and selling cryptocurrencies. While this is the main feature on Coinbase, users on FTX have access to a broader range of products and services. This is a strong reason why FTX is a better alternative to Coinbase as it caters to various types of investors and traders alike.
When it comes to fees, FTX Is a cheaper option compared to Coinbase. The spot fees on FTX are 0.02% and 0.07% using limit and market orders. In comparison, Coinbase has a starting fee of 0.5%. Removing spread from the equation, Coinbase is several times more expensive than FTX for low volume traders. Not to mention, there are spot and leverage markets to trade on with FTX that can be traded against several fiat currencies, stablecoins and crypto pairs that are not available on Coinbase or Coinbase Pro. In short, FTX is a superior exchange to Coinbase for advanced traders that use margin. For more information, read our comparison article on FTX vs Coinbase for a detailed assessment of the features, products and services on each platform.
4. Bybit - Better Alternate For Charting
Bybit is one of the fastest-growing cryptocurrency leverage platforms that was 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 that was second to none at the time. The exchange has developed into an all-in-one location for 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. There is a fiat-to-crypto onramp that supports direct payments in USD, EUR, GBP, AUD, CAD and AED, however, the payment methods and supported currencies are limited. Therefore, Bybit is best for existing crypto holders 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 that are charged based on the unit of the purchased cryptocurrency. That is, Bybit's fees are 5 times cheaper than Coinbase and much better value.
Bybit is a recommended option for existing Coinbase users that are looking for an advanced trading and charting platform. The charting platform is superior when compared to Coinbase and is one of the best crypto day trading platforms for serious investors combined with its economical fees and rebates.
5. KuCoin - Recommended For Altcoins
KuCoin is often referred to as 'The People's Exchange' and is self-proclaimed to be trusted by 1 out of every 4 crypto holders in the world. Established in late 2017, KuCoin has quickly become one of the best altcoin trading exchanges that supports a wide list of altcoins. Similar to Binance, 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.
Kucoin is a top-shelf platform when it comes to buying and selling cryptocurrencies. 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. In terms of experienced investors and traders, KuCoin is far superior to Coinbase in terms of diversifying a portfolio with altcoins. Furthermore, KuCoin has a fiat-to-crypto exchange to buy crypto directly with cash using 46 different fiat currencies such as USD, GBP, EUR and CNY.
For serious crypto traders, 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 that 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.
6. Kraken - Best Alternative for U.S Traders
Kraken is a regulated cryptocurrency exchange in the United States that was founded in 2011 by the Winklevoss Twins. The exchange has become well-known as a stable and secure trading platform that is available and accessible to individuals globally. Moreover, it was one of the first platforms to modernize an advanced terminal that is geared toward serious traders for fiat-to-crypto and crypto-to-crypto trading. The platform supports 54 digital currencies that can be bought and sold using USD, GBP, EUR, CAD, CHF, JPY and AUD.
For first-time investors and beginners in the cryptocurrency world, Kraken may not be a suitable alternative to Coinbase. Kraken's user interface is designed for advanced users that have a thorough understanding of order types. There isn't a simple widget or streamlined process to quickly purchase crypto that Coinbase is known for.
Although, Kraken is a worthwhile alternative to Coinbase due to the lower fees. For users that 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%|
Similar to 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 the clear winner in terms of fees.
In short, Kraken is a suitable alternative to Coinbase for users in the U.S that 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.
7. Crypto.com - Best For Mobile App
Crypto.com is one of the biggest cryptocurrency apps for buying and selling assets such as Bitcoin, Ethereum and 200 others. Used by more than 50 million users worldwide, the Crypto.com app makes investing in crypto simple. It provides a one-stop solution for buying crypto with fiat at true cost using a variety of fiat currencies and payment methods. Moreover, experienced investors and traders can switch across to Crypto.com Exchange which features an advanced trading platform to speculate and exchange crypto-to-crypto or stake coins.
Crypto.com provides a fast, easy and safe way to buy crypto at true cost using a debit/credit bank card or a bank transfer. The design of the app is modern, innovative and streamlined for individuals of all experience levels to get started with cryptocurrency. with zero fees to deposit crypto to the app and trade crypto-to-crypto, it is one of the best crypto apps in the market.
Crypto.com is highly 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 not available on Coinbase at the time of writing, therefore Crypto.com provides greater benefits after buying crypto.
As for the Crypto.com Exchange, the fees are volume-based and measured over a 30-day period. The maximum fee is 0.4% and 0.04% for maker and taker orders. 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. Unique aspects on 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. For a detailed comparison of Crypto.com vs Coinbase, read this article next.
List of Coinbase Alternatives & Comparisons
These exchanges are great options for those looking for a different option to using Coinbase. Each platform has similarities in products and services for existing Coinbase customers to switch over and use similar crypto features.
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|Up to $100 welcome bonus||Visit Binance||Binance Review|
|319||0.02% / 0.07%|
|5% off trading fees||Visit FTX||FTX Review|
|81||0.06% / 0.01% (leverage), 0.1% (spot)|
|Deposit bonus up to $3,000||Visit Bybit||Bybit Review|
|None available at this time||Visit eToro|
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."
|Up to 500 USDT in bonuses||Visit KuCoin||KuCoin Review|
|195||0.16% / 0.26%|
|None available at this time||Visit Kraken||Kraken Review|
|$10 when stake > 1000 CRO tokens||Visit Crypto.com...||Crypto.com Exchange Review|
Frequently Asked Questions
The top competitors to Coinbase based on number of users, popularity and offered products and services are Binance, FTX, KuCoin and Crypto.com. These platforms will rival Coinbase as they have cheaper trading fees and comparable in terms of daily trading volumes and liquidity.
Binance is the biggest competitor to Coinbase and is currently the number 1 crypto trading platform in terms of reported number of customers, trading volume and liquidity. Binance's trading volume is approximately 4 times larger than Coinbase at the time of writing.
Coinbase is a reputable and ideal platform for individuals that want to buy and sell crypto that has stood the test of time. However, the fees are expensive compared to the top-tier trading platforms that are equally feature-rich with a modern trading app. In short, the best alternative exchange to Coinbase will depend on what is more important to the user; cheaper trading fees or a beginner-friendly platform. The exchanges in the category for thr best alternative are Binance, FTX, KuCoin and Crypto.com.