Coinbase Alternatives - Better Crypto Exchanges than Coinbase for 2024

Find out the major disadvantages of Coinbase Crypto Exchange and alternatives with lower fees and more security. Unbiased Coinbase Alternatives reviews.

So which exchanges are better than Coinbase? Want to jump straight to the answer? Binance is the best alternative exchange to Coinbase in 2024

Coinbase

Overview

Coinbase is one of the biggest cryptocurrency exchanges in the world and it is also extremely popular due its high levels of security, which have also earned a very good reputation in the crypto exchanges industry. As such, Coinbase is one of the world’s favourite venues for buy cryptocurrencies and especially Bitcoin.

Things we didn't like:

 Higher fees than competitors

  Head to head With ...

• Coinbase vs. Binance
• Coinbase vs. Kraken

Why would you want an alternative to COINBASE?

Undoubtedly, COINBASE has long been an established and reputable name in the cryptocurrency exchange and trading world and has built on its leading position to further expand its popularity. This has rendered it a very appealing first choice, especially for casual users or first timers, who simply want to buy some crypto for the novelty of the endeavor and out of curiosity.

However, as the supply of cryptocurrency exchange services increases rapidly and competition rises, Coinbase users start realizing that they can perhaps look elsewhere for alternatives to Coinbase, especially since the exchange does pose certain disadvantages and limitations, the main ones pertaining to the following:

The structure and height of Coinbase Fees: Though few can argue that Coinbase is a trusted and easy to use venue for buying crypto, its fee structure has often been at the root of many user complaints. Moreover, there is also a general sense that the fees charged, especially withdrawal fees, may well be considered as exorbitant. Counting on its popularity and leveraging on it, Coinbase maintains high fees simply because it can do so. Therefore, if low fees is what you are after, then you are perhaps better off seeking an alternative to Coinbase.

Very strict and rigorous monitoring: Another complaint often posed by Coinbase users, arises from the exchange’s extremely rigid monitoring system. In fact, since Coinbase questions how its users use their funds, there have been reports of Coinbase accounts been forcibly closed when clients were found to be using their crypto for online gaming, gambling, and escort services. The extensive anti-fraud policies and practices employed by Coinbase often frustrate its users, especially since, even if they don’t have any sinister intention on how to spend their funds, they still have to wait for days before they can move their crypto to non-custodial wallets. Such monitoring, controls and checks result in delays, since a few days are also needed for clearance of your funds and transferring them back to your own bank account. Consequently, if you are in to day trading or consider your privacy and anonymity a high priority, then you should consider other crypto exchanges as alternatives to Coinbase.

Lack of Availability and Variety: Though in their core and philosophy cryptocurrencies are open, decentralized and borderless, it is true that cryptocurrency exchanges are not readily available and accessible from all countries. Coinbase does not fare greatly in this regard, since it only serves a few dozen countries. Therefore, you may well be forced to look for alternatives to Coinbase, simply because it doesn’t serve your location or country of origin. Moreover, Coinbase is also criticized for lacking an adequate variety and diversity when it comes to the crypto currencies it offers, which are mostly limited to the most popular and widespread ones. Thus, if you are after more options and wish to be spoilt for choice, then you should search for an alternative to Coinbase.

What to look for in a COINBASE Alternative?

Before you start looking for an alternative to Coinbase, make sure you must be looking for specific qualities in that alternative. In a nutshell, you should be evaluating any alternatives using two simultaneous types of criteria. A good alternative is one that equals or exceeds the strongpoints of Coinbase, i.e. its good and solid reputation, its high level of security and the intuitive nature of its exchange environment that is user-friendly and easy to use, while at the same time faring better than Coinbase in the weak points identified above.

More specifically, ensure that the exchange you are considering as a viable and suitable Coinbase alternative employs a different fee structure and charges less, both for using its exchange services as well as for withdrawing your own funds. Moreover, is does not implement excessive monitoring which results in delays as well as infringing on your anonymity and privacy.

Furthermore, make sure that the Coinbase alternative you are considering offers significantly more supported cryptocurrencies for you to choose from and not only the popular ones which are available everywhere. Greater variety and diversity will mean that you will be better able to enrich and diversify your portfolio, while also allowing you to maximize your potential for success and gains. It is a good idea to do some research first to identify possible cryptocurrencies you would want to get hold of and check whether they are actually available.

Finally, and perhaps most importantly, if you are trying to find an alternative to Coinbase because your location is not served by them, make sure that any alternative is indeed accessible from where you are. Some exchanges are available in some countries and not in others, while there are many examples of differences, even below the country level, e.g. differences on what is allowed and what not from US state to US state. It is then a good idea before comparing any other features, to be sure that a specific exchange allows access from and can serve your own specific location.

Best COINBASE alternatives – exchanges like (or better than) COINBASE

Binance

4.7 / 5

Rating breakdown

Security

80%

4.0/5

Ease of Use

90%

4.5/5

Tradable Assets

100%

5.0/5

Deposit and withdrawal

100%

5.0/5

Trading Fees

100%

5.0/5

Support

88%

4.4/5

Things we liked:

 One of the most trusted brands in crypto
 Very fast, easy to use interface
 Binance offers extremely low transaction fees

Things we didn't like:

 Can be overwhelming for people who are new to crypto or trading

Kraken

4.0 / 5

Rating breakdown

Security

100%

5.0/5

Ease of Use

80%

4.0/5

Tradable Assets

80%

4.0/5

Deposit and withdrawal

80%

4.0/5

Trading Fees

80%

4.0/5

Support

60%

3.0/5

Things we liked:

 Wide selection of supported tradable assets
 Straightforward platform is easy for new users to master
 24/7 customer service available via live chat

Things we didn't like:

 No option for phone or email customer service

Bittrex

3.2 / 5

Rating breakdown

Security

40%

2.0/5

Ease of Use

80%

4.0/5

Tradable Assets

60%

3.0/5

Deposit and withdrawal

80%

4.0/5

Trading Fees

80%

4.0/5

Support

40%

2.0/5

Things we liked:

 Competitive, simple fees
 Simple and fast verification process
 Fast transaction execution

Things we didn't like:

 Barriers to Accessibility
 Bumpy Customer service
 Users vulnerable to scams