5 Best Alternatives to Coinbase in 2018

Currently, Coinbase is at the top of the list in regards to an exchange platform that trades in digital currencies. Boasting over 11 million users and nearly 38 million wallets, it’s no wonder that it appeals to the masses. As a matter of fact, Coinbase ranks highly among first-time users because it is user-friendly and has a reputation for being trustworthy.

That doesn’t mean Coinbase is flawless. The cryptocurrency exchange has its fair share of drawbacks and issues as well and that is why many people are interested in exploring the Coinbase alternatives listed below.

Coinbase Problems

As we’ve already stated, Coinbase is a very-user friendly exchange and is the ideal option for certain people. It’s not without its warts though, a few of which are listed here.

Cryptocurrencies are limited

Coinbase only trades in the most popular digital currencies, like Litecoin, Ethereum, and Bitcoin. That means if you want to trade currencies that are newer, aren’t as well-known, or aren’t as popular, you’ll have to seek out an alternative platform.

Accessibility is limited

For as popular as it is, Coinbase currently only operates in 32 countries. You can visit Coinbase to determine whether or not a certain country is permitted, however, it’s strange that there are limitations on a cryptocurrency exchange based on geography. This is especially odd since cryptocurrencies are based on a decentralized system.

Payment methods are limited

Let’s say you are from one of the supported countries, no more problems, right? Wrong. You might face payment method limitations. Most bank transfers and debit/credit cards are accepted by Coinbase, however, other methods like PayPal are only available in the United States.

Premium transaction costs

Transaction fees on Coinbase range from 1.49% to 3.99% based on the payment method and country performing the transaction. These aren’t the highest fees you’ll find, but they aren’t exactly cheap either. Plus, if your goal is to trade cryptocurrencies, it doesn’t exactly make users want to make your platform a priority.

Coinbase Alternatives

Clearly Coinbase isn’t for everyone. Thankfully, there are Coinbase alternatives available. The ones listed below are some of the better options for 2018.

Gemini

Established in 2014 in New York, Gemini is a high-quality Coinbase alternative. Unlike other exchanges, Gemini does not charge for transactions. This gives the exchange a decided advantage as others charge users a small fee for each transaction. Where storing your cryptocurrency online is not recommended, the Gemini wallet offers cold storage, which means your digital currency is stored offline.

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Gemini only provides support for Ethereum and Bitcoin which means the exchange has a high volume of liquidity. Users have the option to create either personal or business accounts, and all accounts are protected by 2FA. This type of protection means stored currency is safer from hackers since it makes it more difficult for them to access the system even if they know the account password.

Kraken

Kraken was founded in 2011 in San Francisco and is considered by many as one of the most popular Coinbase alternatives in the world. It has garnered a reputation as one of the most secure exchanges available, especially given that it has yet to be breached.

The Kraken exchange provides support for four fiat currencies and nearly two dozen cryptocurrencies. Perhaps the best feature with Kraken is its Bitcoin margin trading. This gives a trader the opportunity to open a position with leverage. The lending market is key in this type of trading.

Transaction fees on Kraken are between 0.0 and 0.16% for the maker, or the person who is selling, and 0.10 and 0.26% for the taker, or the person place a bid on a particular asset.

Users can open various types of accounts, however, the account type will depend on how much personal information the user wants to reveal. Like Gemini, Kraken provides its users with 2FA security, which means they have additional security measures in place to protect their currencies.

Huobi

Huobi Exchange point card graphic

Founded in Singapore in 2013, Huobi is a global digital asset exchange that aims to serve global traders. Huobi Pro is the world’s first and foremost autonomous token exchange and has been rebranded as HADAX (Huobi Autonomous Digital Asset Exchange).

Currently, HADAX supports fourteen different cryptocurrencies in 130 countries. Both Maker and Taker fees come in at 0.2%, which can be reduced if a user chooses to purchase a VIP membership. HADAX boasts that it keeps 98% of its assets in cold storage, which works in favor of the exchange since its relatively new when compared with others. See our Huobi exchange review here.

CEX.io

CEX.io was established in 2013 in London and its exchange offers users a simple and pleasant experience. With an easy-to-navigate verification process which precedes purchasing cryptocurrency, users will wonder why other exchanges make things so difficult.

The CEX.io exchange supports a variety of payment options, including credit and debit cards, and direct bank-to-bank transfers. It supports fiat currencies and boasts a wide range of support for cryptocurrencies including Litecoin, Bitcoin Cash, Ripple, and DASH.

Users have a direct trade option as well with CEX.io. One nice feature CEX.io offers is the ability to make trades via a smartphone. This is especially handy for those that are always on the go. Like the other exchanges on this list, CEX.io is a trusted and secure platform. Trading fees come in between 0.0 and 0.2% per transaction.

Changelly

The last Coinbase alternative on the list, Changelly, was founded in Prague in 2013. This exchange gives buyers the ability to easily convert their cryptocurrencies without delay. While Changelly is relatively new to the exchange market, no negative incidents have been reported.

Changelly keeps your funds for a brief period, which means other users can alert the entire community if any suspicious behavior occurs. Users can expect fees of 0.5% for each trade, however, some users are willing to pay higher fees in exchange for the anonymity Changelly offers. The exchange asks for no information from its users.

The Changelly exchange accepts a wide variety of cryptocurrencies and accepts these same tokens for payouts. Users can use debit or credit cards, however, it should be noted that doing so can cause a significant rise in charges.

Check out our detailed Changelly exchange guide here.

Coinbase Alternatives Comparison

As you can see, these Coinbase alternatives offer different features, fees, and capabilities. Here’s a quick reference table that will allow you to pick the exchange that works best for you.

 CoinbaseGeminiKrakenHuobiCEX.ioChangelly
Deposit FeesACH - Free

Wire Transfer - $10
FreeEUR Deposit - Free

USD Bank Wire Deposit - $5 USD

EUR Bank Wire Deposit - €10

JPY Bank deposit Free with ¥5,000 deposit minimum

CAD Wire Deposit - Free
Freehttps://cex.io/fee-schedule#/tab/payments1-7.1%
Trading Fees1.49 to 3.99%FreeMaker: 0-0.36%

Taker: 0-0.08%
Maker: 0.2%

Taker: 0.2%
https://cex.io/fee-schedule#/tab/trade0.5%
Supported local currenciesUSD, GBR, EURUSDUSD, GBR, EUR, JPY, CADNoneUSD, GBR, EURUSD,EUR
Cryptos availableBitcoin, Litecoin, Ethereum, Bitcoin CashEthereum and BitcoinBTC, BCH, ETH, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOSBTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ moreBTC, ETH, BCH, BTG, DASH, XRP, XLM, ZECBTC, ETH, BCH, XMR, DASH, XRP, LTC, DOGE, XLM,1ST, ETC, ADX, AMP, CFI, ANT, BAT, BNT, BTG,ZEC,CVC & 70+ more
Deposit method (e.g. credit card)Bank account, debit card, wire transferBank accountEFT, Bank Transfer, Wire TransferCryptocurrencyWire Transfer, Debit card, Crypto-transferCredit card, debit card, cryptocurrency
Customer SupportEmail/Twitter/PhoneChat/Email RequestChat, EmailChat, EmailChat, EmailEmail
Mobile AppYesNoNoYesYesNo
US FriendlyYesYes (Except Hawaii and Arizona)YesYesYesYes

How to find abbreviated shorthand for cryptocurrencies:

  1. Go to: https://coinmarketcap.com/
  2. Click on or search the currency.
  3. Abbreviated shorthand is shown in brackets.

Further Reading At TotalCrypto.io
1) Still Looking for an Exchange? Check Out Our Opinion On The 9 Best Cryptocurrency Exchanges.

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