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Coinbase Alternatives: 9 Platforms with Lower Fees and More Security

In this guide we review why Coinbase is not the best option, and discover 8 alternative crypto exchanges with lower fees and a better trading experience.

When it comes to buying Bitcoin, Coinbase is one of the first go-to platforms for beginners and early adopters. Interest in Coinbase is also a general indicator of the sentiment about cryptocurrency.

However, Coinbase has its negatives including debit card fees, customer support and KYC compliance requirements, and there are better alternatives to Coinbase out there some more experienced traders have moved over to in 2022.

In this guide we will review some of these alternatives and explain why they may be a better choice than Coinbase, in terms of features, ID documents needed, regulatory transparency, and availability. 

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    Best Coinbase Alternative in December 2022

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    Best Coinbase alternatives – Reviews

    Since Coinbase has some disadvantages in terms of high transaction fees, poor customer service, it becomes essential to look for some other alternatives. Here, we have reviewed some of the best alternatives to Coinbase that are better than this crypto exchange in terms of regulatory transparency, transaction fees, payment options, availability of alt coins, etc.

    1. eToro – Overall Best Coinbase Alternative is the one of the most popular crypto exchanges in the US and worldwide that offers traders and investors a unique trading experience with its premium features. Having more than 20 million members across the globe, this exchange hosts the world’s largest trading and investing community of experienced and knowledgeable investors who have often surpassed market benchmarks.

    Suppose you are looking to diversify your investment portfolio; in that case, eToro comes out as the perfect exchange for you as it supports more than 2000 different financial assets, including currencies, ETFs, stocks, indices, crypto assets, and commodities, on its platform.

    eToro also provides short-term, mid-term, and long-term investment opportunities to every user by allowing most of the financial assets to be leveraged on this platform.

    etoro platform cover photo

    eToro Platform

    This trading exchange is well regulated by the top global bodies around the world. It is licensed by several regulatory authorities, including the FCA (United Kingdom), ASIC (Australia), CySec (Cyprus), GFSC (Gibraltar), FinCen, and FINRA (United States). To ensure that minimum damage is caused to the clients in case of eToro’s insolvency or any negligence, this platform has bought insurance coverage from Lloyd’s of London.

    To enhance the user’s trading experience, the eToro platforms offer advanced features such as Smart Portfolios and a Copy trader function.

    Smart Portfolios on eToro are groups of financial assets that have been strategically grouped around a common theme. Similarly, the Copy Trader function feature allows beginners to understand the nuances of crypto trading by copying the trading moves of experienced investors.

    Compared with other crypto exchanges, eToro provides crypto trading with an almost nil trading commission. The platform also does not charge any additional expenses from its users in the form of hidden fees. It also has advanced security measures at its place for ensuring the protection of users’ financial and personal data.

    eToro offers excellent customer support to all crypto enthusiasts where every trade-related query gets resolved in almost no time. You can get your favorite crypto assets from this platform using a variety of payments, including bank transfers, e-wallets, debit cards, credit cards, etc.

    This platform is also user-friendly and is easily accessible to all traders and investors in the form of mobile applications available on Google Play (for Android users) and the App Store (for iOS users). Considering all these reasons, eToro is the perfect destination for crypto trading.

    Visit eToro

    Your Capital is at risk

    2. Kraken – Reputed Exchange with Seven Fiat Currencies

    Kraken has created a name for itself over the years due to the excellent services it provides in the cryptocurrency domain. The exchange was created in 2011 and was officially launched in 2013. In its long tenure, Kraken has seldom had any major issues and has managed to position itself as one of the top choices when it comes to trading or simply investing in cryptocurrencies. It is currently the third largest crypto exchange in the world after Binance and Coinbase in terms of volume traded.


    Kraken Platform

    The exchange is headquartered in San Francisco but has offices all over the world. The company caters to over 8 million traders and investors globally and has partnered with some of the biggest players in the finance and blockchain world. While it had been introduced initially as a Bitcoin-first exchange, the platform now hosts over 120 cryptocurrencies and features several advanced trading options.

    The number of fiat currencies supported on Kraken is seven, which is quite more when compared to most of its counterparts. In the case of stablecoins, Kraken hosts three major options- USDC, DAI and USDT. Kraken doesn’t fall behind when it comes to security too. It offers safe coin storage, with 95% of deposits held offline in cold storage units spread across the world, while also promising platform security. Servers are constantly checked upon and are under 24-hour surveillance.

    The exchange is regulated by FinCEN in USA and FinTRAC in Canada. It has regular audits and can be considered a safe option for traders and investors who wish to hold their tokens safely in a centralized exchange.

    Visit Kraken

    3. OKX – Offers Advanced Financial Analysis Tools

    For the millions of crypto traders in more than 200 countries, OKX offers a variety of financial assets. There are numerous cryptocurrencies accessible on the exchange, such as purchase Bitcoin (BTC), Tamadoge (TAMA), Ethereum (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), EOS, and Litecoin (LTC), and it allows both spot and derivatives trading services.

    The exchange offers a multi-currency auto-borrow functionality that enables advanced and experienced crypto traders to make the most efficient utilization of their cash, as well as an industry-first Unified Account platform that facilitates margin pooling across various sorts of accounts. Moreover, users can take money out whenever they need to use our real-time settlement option.

    The platform offers a broad range of choices for trading cryptocurrencies, including spot trading, margin trading, DEX trading, options, quick trade, and perpetual swap. The exchange also has a low fee structure and zero deposit fees, which makes it profitable for users to trade their cryptocurrencies on this platform.

    OKX Platform

    You can get a good amount of video tutorials and guides for beginners on OKX’s webpage under the “Learn” option. In addition to it, OKX gives you the opportunity to register as an OKX broker together with timely publications and market analyses. Through staking OKB, the native token of OKX, users can farm DeFi tokens as a portion of the Jumpstart Mining program.

    The exchange has an excellent customer support program that is available 24/7 for resolving users’ queries. It offers advanced financial services like OKX mining pool and algo-order options that gives it an upper hand over its competitors. Overall, it is a decent crypto exchange for every type of crypto investor.

    On a side note, OKX also has a DEX platform for those unable to use its CEX.

    Visit OKX

    4. – Includes NFT Marketplace brings multiple investment avenues on the screen of every investor, including crypto trading, staking, NFTs, and a lot more. This exchange provides over 150 different currencies, reasonable fees, and decent discounts to those users who own a significant amount of Coin (CRO). was founded in 2016 with the objective of catering to the needs of investors with its one-of-a-kind package of cryptocurrency-related financial products. Now, it is operating in more than 90 countries and has a customer base of over 10 million users.

    This decentralized exchange offers cryptocurrency credit cards, crypto wallets, and a marketplace for NFTs. The exchange also allows its users to stake their cryptocurrency or keep it in a wallet for a set period of time in order to earn up to 14.5 percent interest. alternative to Coinbase Platform is easily accessible to all its users in the form of a mobile app, which is available for download on both Android and iOS devices. If you’re used to trading stocks through a mobile app, you’ll probably find the experience simple and intuitive. Users have to pay only 0.4% of fees on their trades if the total monthly trading volume is less than $25,000. uses advanced security measures, such as two-factor authentication (2FA) and whitelisting, for protecting its customer accounts from any hack or security failure. This exchange employs stringent compliance monitoring and keeps user deposits in offline cold storage for saving them from any hacks or external cyber attacks.

    Customer support services on this exchange are not satisfactory as many complaints have been mentioned about slow and low-quality responses from the technical team. Similarly, trading fee reductions can be difficult to navigate for a common user. Keeping aside all these limitations, is a good alternative for all those who want to use an exchange as a one-stop solution for their every requirement.


    5. Bybit – Offers Leverage Trading

    With over 1.6 million users across various countries, Bybit is recognized as the best crypto exchange for futures trading. This leading exchange gives the best possible trading experience to its customers by adopting a customer-centric approach in its strategies. One benefit of using Bybit is that no KYC (know-your-customer) procedure is required.

    Unless you want to withdraw more than 2 BTC in a day, which is more than most traders require, you do not need to submit a copy of your license or passport for identity verification.

    Bybit offers a myriad of services to investors or traders, including limit orders, conditional orders, market orders, and partial orders.

    Unlike eToro, the services provided by this reputable exchange are based on maker/taker fees rather than a buy-sell spread. Fees for spot trading are approximately 0.1 percent, and rebates for limit orders in margin trading are approximately 0.025 percent. Similarly, when compared with Binance, Bybit provides the ‘lowest spread,’ with a maker rebate.

    Bybit alternative to Coinbase

    Bybit Platform

    The exchange supports many crypto assets on its platform, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tezos, Chainlink, Cardano, Polkadot, etc. It also provides the facility of a demo account along with some educational materials through which users can learn how to buy, sell, and exchange cryptocurrencies quickly on this exchange.

    The exchange is not highly recommended for spot trading, and customers’ data gets shared with third parties for marketing purposes. Still this exchange is freely accessible to all cryptocurrency enthusiasts via mobile apps and desktop-based programs.

    Bybit offers high leverage, low trading fees, and a market maker rebate. Along with fewer transaction fees, Bybit is regarded as the most preferred platform for trading crypto derivatives because it has an insurance cover designed to safeguard its users in the event of a loss.

    Visit Bybit

    6. KuCoin – Wider Range of Low Marketcap Altcoins

    KuCoin is an excellent choice for all newcomers due to its high level of liquidity, large user base, diverse selection of supported assets and services, and low trading fees. Aside from the aforementioned advantages, this cryptocurrency exchange provides its customers with an excellent crypto trading experience, as well as low trading and withdrawal fees.

    Founded in 2017, this exchange is getting recognized as a one-stop solution for all crypto operations by all crypto enthusiasts. If you want to diversify your investment portfolio, you can do it very conveniently through this reputable exchange as it offers more than 200 crypto assets on its platform, including Bitcoin, Ethereum, Tether, Binance Coin, Cardano, XRP, USD Coin, Dogecoin, etc.

    KuCoin is known for providing its clientele with a user-friendly experience, making it much easier for newbies to start trading in cryptocurrencies. It offers a variety of virtual currency services, including a fiat onramp, a peer-to-peer (P2P) marketplace, crypto staking, a margin trading exchange, a futures trading exchange, non-custodial trading, crypto lending, and much more.

    kucoin alternative to Coinbase

    Kucoin platform

    If you want to create passive income, this platform allows you to do so via the crypto staking tool. To ensure the complete security of your crypto assets, KuCoin’s systems include wide-ranging security features such as dynamic multifactor authentication and multi-level encryption.

    KuCoin offers its users excellent 24/7 customer support in order to resolve any trade-related concerns or queries. The only limitations with this exchange include limited payment options and limited collection of educational resources. It has fewer transaction and withdrawal fees and offers the feature of a demo trading account where beginners can learn the art of real-time trading and get themselves adjusted with this exchange.

    Visit KuCoin

    7. Bitfinex – Also offers Margin Trading

    Bitfinex is a popular cryptocurrency exchange that is known for its low fees. This significant crypto exchange offers a diverse range of cryptocurrencies and trading options, such as paper trading, derivates, spot trading, margin accounts, and a lot more. Bitfinex, with its user-friendly features, caters to the requirements of every beginner and expert.

    Bitfinex has a haunted past where it has faced severe allegations related to regulatory transparency, including various Commodity Futures Trading Commission fines. The most serious charge against this crypto exchange includes the allegation of deceiving investors that were made by the New York Attorney General’s Office. Bitfinex incorrectly stated that the Tether stable coin was fully backed by reserves.

    The New York Attorney General concluded that Bitfinex and Tether deceived clients and markets by exaggerating Tether reserves and concealing losses. Bitfinex has also been fined in the past for running an unlicensed exchange and promoting unauthorized off-exchange transfers. Considering these past events and allegations of wrongdoings, investors may get concerned about the cryptocurrencies that are traded on this exchange.

    Bitfinex alternative to Coinbase

    Bitfinex platform

    Bitfinex has comparatively fewer trading fees, with most trades costing less than 0.20 percent. Bitfinex’s trading platform is simple to use, and professional traders will enjoy the features and options it provides. Users can test their investment strategy without investing their real money with a free paper trading account.

    This account will provide new users access to the features of the Bitfinex exchange with some play money deposited in their account. Bitfinex employs a number of industry-standard methods for ensuring the complete safety of its user accounts and investments.

    It uses high-level security mechanisms like two-factor authentication, withdrawal protection features, cold storage, etc., for keeping your crypto coins secure.

    Overall, if its regulatory transparency is ensured by its management, Bitfinex could become a key player in the crypto space.

    Visit Bitfinex

    8. Binance – Widest Range of Digital Assets

    Binance is the world’s leading cryptocurrency exchange in terms of the trading volume. It provides all of its users with a fantastic crypto trading experience at a low cost. Users are not supposed to pay any transaction fees when making a purchase on this exchange, boosting their earnings without imposing high costs.

    Binance employs a volume-based pricing system, and all of its customers have access to the MetaTrader 4 trading platform. This application provides you updates on all trends, trades, and alerts in real-time. The MT4 Binance trading platform’s fame can be linked to the fact that it is one of the most straightforward and reputable ways to conduct business on the Forex market.

    Binance alternative to Coinbase

    Binance Platform

    The usage of this trading platform allows one to understand the nuances of the trading process and helps one in getting a better understanding of the trade. Customers on Binance can use the “Expert advisors” option to receive a variety of investment suggestions from professional investors in order to enhance efficiency.

    Binance supports leveraged spot and margin trades. Its supremacy among crypto exchanges is evidenced by the fact that it has the most altcoins on its platform, including Binance Coin, Dogecoin, Ripple, Ethereum, Cardano, Litecoin, and 100+ other cryptocurrencies. Further, Binance is in the process of applying for UK regulation.

    Visit Binance

    9. Huobi- Offers a Unique Huobi Token

    Huobi is quickly rising to the top of the charts in terms of its cryptocurrency options. The platform was launched in 2013, and has been a competitive, reputed player in the crypto market ever since. Huobi allows its customers to buy/sell/stake/borrow a variety of cryptocurrencies, making this an investing-trading hub.

    The base fee is merely 0.2%, (maker-taker) along with which Huobi Token holders may avail several offers and discounts on the trading fees.

    It hosts almost 400 cryptocurrencies on its platform making it a hot pick for most traders looking for range and diversification. Huobi offers both spot and margin trading- derivatives on leverage (upto 5x), this is an advantage it has over many other players in the field.

    Huobi Platform

    A particular advantage for beginners or short-term traders that Huobi offers is its liquidity. Huobi has close to a 1000 Global Trading Pairs, including ETH/USDT and BTC/USDT pairs making this platform a popular choice. The payment methods are flexible- ranging from Bank Account, PayPal, SWIFT etc. facilitating Crypto to Crypto and Crypto to FIAT.

    A unique feature of Huobi is that it provides the trader with a free trading bot using GRID strategy, which can be operated on Manual or AI modes. The Huobi Trading Bot has consistently ranked in the top 20 trading bots in the world, and has cemented its position in the cryptocurrency exchange market.

    The Huobi DeFi Wallet is a professional multi-chain light wallet that is equipped to manage a variety of assets. The wallet is a convenient option for many traders due to its ease of use, attentive design and convenience.

    It supports all ERC20 tokens in addition to the top coins like BTC, ETH, EOS, TRX, USDT etc. Users constantly have sole control and access over their own private keys handling their assets.

    Along with OTC trading Huobi has launched its own native token- HADAX. Huobi Autonomous Digital Asset Exchange (HADAX) is the first of its kind. The autonomous feature of this function allows users and developers to vote on the nature of altcoins that are listed and traded on the platform.

    The P2P platform also focuses on high security measures such as multi-signature cold wallets, 24/7 security monitoring and a dedicated 20,000 BTC Security Reserve Fund. New users are also entitled to an exciting Welcome Bonus of $300, which they may even avail on the Huobi Mobile App listed on Google Play and the App Store.

    Visit Huobi

    How we Analysed the Best Coinbase Alternatives

    Cryptocurrency trading is a novel area of business. New companies and crypto exchange platforms are cropping up all the time, and Coinbase came into prominence as possibly the go-to solution. But we set out to choose the best alternative to Coinbase, through a checklist of analysis points. 

    Considering that there are many crypto exchanges coming up in the market every time, it becomes important to find the right trading platform.

    Safety and security

    We accord our priority to the safety and security standards offered by any crypto exchange. We take into our consideration whether a crypto exchange is regulated by any recognized global body and if that platform has a track record of high-level usability, supplemented by training materials.

    Trading volume analysis

    An analysis of trading volumes is also done by our researchers as it comes out as a credible indicator when compared with the reported activity of crypto markets.

    Supported cryptocurrencies

    We also examined how many crypto assets are supported on the platforms, focusing on platforms that come out as real industrial players in providing the most liquid assets while also diversifying into newly created digital coins and tokens with trading gains.

    Fee and other charges

    Fees were also an important point, noting that spread fees and lower trading and deposit fees make choices like eToro superior to Coinbase.

    So overall, we make a comparison of trading fees, deposit fees, withdrawal fees, and other related charges among the platforms and ensure that users are offered the best Coinbase alternatives that provide crypto trading services with reasonable trading fees and other charges.

    Compare Top Coinbase Alternatives

    68% of retail CFD accounts lose money.
    74% of retail investor accounts lose money when trading CFDs with this provider.
    The price and value of any investment in digital asset products can fluctuate.
    The traded price of digital tokens can fluctuate greatly within a short period of time.
    Market prices for digital tokens can be volatile and highly unpredictable.
    As with any asset, the values of digital currencies may fluctuate significantly.
    The value of digital currencies can go up or down frequently.
    71% of retail CFD accounts lose money.
    As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.
    Mobile App Rating
    Mobile App
    Number of Coins
    Trading Fees
    Deposit Fees
    Withdrawal Fees
    $5N/A0.0005 BTCN/AN/AN/AN/AN/AN/A
    Min. Deposit
    $50100 EURN/AN/A$10$10$2$100N/A
    Leveraged Trading
    N/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200x
    Bitcoin Cash
    Binance Coin
    Bitcoin SV
    USD Coin
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