Coinbase Alternative

Coinbase Alternative

Introduction

Looking for a Coinbase alternative? In order to trade in cryptocurrency, you need to use an exchange. There are an array of exchanges out there, each one with a different operating environment and various features. Research is recommended before choosing an exchange which might suit you best. Coinbase is possibly the most renowned exchange out there but of course, there are alternatives. 

Coinbase behaves like a broker as it allows for the buying, selling, storage and transfer of cryptocurrency. Coinbase has two core products. It has a Global Digital Asset Exchange (GDAX) for trading assets. It also has a user-facing retail broker for Bitcoin, Ethereum, Litecoin and Bitcoin Cash. As said, despite its obvious popularity, there are several alternatives that many users might prefer. Here are a few of the best alternatives to Coinbase.

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Coinbase Alternative List

Gemini

Gemini was established in 2014 and is a fantastic Bitcoin exchange. Unlike its conventional counterparts, Gemini charges no fees for transactions. This is a significant advantage as other exchanges charge a small amount per transaction. Although storing cryptocurrency online is not advised, the Gemini wallet makes use of cold storage (stored offline) to protect stored cryptocurrency. Gemini supports only Bitcoin and Ethereum and there is high liquidity in their exchange. One can create either a business account (to receive and send payments to clients) or an individual account. One security feature provided by Gemini is 2FA. 2FA ensures that stored coins are safe from external malpractice; hackers cannot hack into systems despite knowing the password to that account.

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The link mentioned below specifies how one can create an account on Gemini and start investing!

Creating an account on Gemini!

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 Kraken

Another Coinbase alternative is Kraken. Kraken is one of the most popular exchanges in the world. It has earned the title of the most secure exchange in the market as it has never been breached. It supports over 20 cryptocurrencies and 4 fiat currencies. One of its best features is Bitcoin margin trading. This allows a trader to open a position with leverage. The lending market plays a key role in this. There are different types of account a new user can open. This depends on the amount a user wants to trade in, and the extent of the personal identification process he/she is willing to go through.  Traders extract large profits from loaned amounts and lenders benefit from the interests as well. Kraken uses 2FA for security reasons as well. There are two types of transaction fees cut when sending and receiving cryptocurrency on Kraken. A transaction fee of around 0.0-0.16% is cut for the maker, and 0.10-0.26% for the taker. A maker is essentially the person who is selling a particular coin on the platform, and the taker is a person placing a bid on that particular asset.

The link mentioned below specifies how one can create an account on Kraken and start investing!

Creating and account on Kraken!

BitStamp

BitStamp is another renowned exchange and Coinbase alternative. BitStamp specializes in selling Bitcoins and Ethereum by accepting payment through a debit card or a credit card (the more popular method of payment applying to Visa or MasterCard users), to nearly anyone in the world. One can also purchase Ripple and Litecoin with fiat money. It also supports other payment modes like Astropay, SEPA, and a direct bank-to-bank transfer. It provides 2FA as a security feature to avoid unwarranted theft. A mobile application is available for the exchange as well. This allows users to work on the move. BitStamp has the license to operate in Europe and charges a minimum cut of 0.10-0.25% per transaction.

bitstamp logo

The link mentioned below specifies how one can create an account on BitStamp and start investing!

Creating an account on BitStamp!

Coinmama

Coinmama is hugely popular worldwide and currently operates in 188 countries. Coinmama acts like a Bitcoin broker and coins can be bought with any fiat currency. It also offers Ethereum. There are several payment methods which include direct bank-to-bank transfers, SEPA, Astropay, debit cards and credit cards.  Coinmama operates on an HTTPS certificate which ensures any leak of information will not affect users in any way, ensuring high security. No funds are kept on Coinmama and all amounts are transferred to cryptocurrency wallets for safe keeping. Users can easily create an account on Coinmama but need to go through an extensive self-verification process. There are 3 levels of funds that allow for the purchase of cryptocurrency on Coinmama. All 3 of these levels require different documents for proof. One can choose a level according to the amount one wants to transact in. Authentication will take time and one must be patient, but it is a great Coinbase alternative.

The link mentioned below specifies how one can create an account on Coinmama and start investing!

Creating an account on Coinmama

Cex.io

The best thing about Cex.io is the simplicity of its process. A simple verification process precedes the option of buying cryptocurrency. Several payment options are supported including direct bank-to-bank transfer, credit cards, and debit cards. Fiat currencies are supported, as well as a wide range of cryptocurrencies including Ripple, Litecoin, Bitcoin Cash, and DASH. There is a direct trade option as well. Cex.io is also supported on mobile phones making trading easier for people who are constantly on the move. Cex.io is highly secure and trusted platform. Another reason this exchange is so popular is its low trading fees which can be as low as 0.0-0.2% per transaction.

coinbase alternative cex.io

The link mentioned below specifies how one can create an account on Coinmama and start investing!

Creating an account on Coinmama

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