The 5 Best Coinbase alternatives ▷ Exchanges comparison

Coinbase Logo

Currently Coinbase is at the top of the crypto-exchanges. With over 11 million users and almost 38 million wallets, it is no wonder that it appeals to the masses. In fact, Coinbase ranks high for the number of first-time users, because it has a user-friendly dashboard and a trustworthy reputation.

However, this does not mean that Coinbase is error-free. Crypto Trading on Coinbase also has a fair share of disadvantages and problems. Therefore many people are interested in using the Coinbase alternatives listed below:

Coinbase alternatives

Coinbase is clearly not suitable for everyone. Fortunately there are Coinbase alternatives. The ones listed below are some of the better options for 2020.

1st place: Etoro

Etoro under magnifying glass

eToro wurde 2007 gegründeteToro ist ein Broker, der seit einem Jahrzehnt das weltweit führende Social Trading Network ist. Das Potenzial von Kryptowährungen ist auch auf eToro zu finden. Auf der Plattform kann mit 16 verschiedenen Kryptos gehandelt werden. Dies gibt den Millionen registrierten Nutzern von eToro nicht nur die Möglichkeit, Krypto-Währungen zu handeln, sondern bietet potenziellen Krypto-Investoren auch eine interessante Plattform, um ein Engagement in diesen Vermögenswerten zu erlangen.

CFD: Stands for 'Contract For Difference'. This means that you cannot buy crypto currencies directly from eToro. Instead you buy or sell contracts which are secured by crypto currency. This gives traders the opportunity to get used to the price fluctuations of the crypto currency market. This makes CFD brokers like eToro one of the easiest ways to enter the world of crypto markets.

Not only is eToro fully regulated, it also allows you to copy the crypto currency portfolios of the most successful traders on the platform. Many find this feature especially useful and say that this option makes eToro stand out from the crowd.

eToro verbindet die Eigenschaften eines Brokers und einer Exchange: Man kann bei eToro sowohl Krypto CFD handeln als auch echte Coins kaufen und anschließend auf sein eToro Wallet übertragen.

Außerdem bietet eToro die günstigsten Gebühren beim Kauf von Kryptowährungen. Deswegen raten wir zu unserem Testsieger eToro, als beste Alternative für Coinbase.

<<>>

Do you want to trade crypto currencies with the best conditions?

Get started on eToro, the test winner crypto broker from Bitcoin-News.one

REGISTER NOW
Your capital is at risk. Not ready yet? Read our Etoro test.

2nd place: Plus500

Plus500

Founded in 2008,Plus500 is headquartered in Israel and operates through subsidiaries in the UK, Cyprus and Australia. Plus500UK Ltd. is approved and regulated by the FCA (Financial Conduct Authority).

As one of the largest CFD brokers in the world, Plus500 is listed on the London Stock Exchange. Bitcoin-News.one views this as a positive development, as the company meets higher standards than non-listed brokers. For those who want to trade crypto currency on their mobile phones, Plus500 offers one of the best CFD trading apps in the Apple and Google Play Store.

CFD: Stands for 'Contract For Difference'. This means that you cannot directly buy different crypto currencies at Plus500. Instead, you buy and sell contracts that are secured by crypto-currency. This gives traders the opportunity to familiarize themselves with the ups and downs of the crypto-currency market while ensuring that they don't have to worry about setting up additional crypto-currency wallets.

<<>>

(76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money).

Place 3: Bitmex

Welcome to BirMax

Bitmex is a crypto currency based CFD trading platform. Its trading pairs contain various cryptos that users can trade via a contract for difference. Bitmex offers high leverage (up to 100x) and uses a fair price marking system to fairly value both open-ended and futures contracts.

Bitmex verfügt über ein eigenes Orderbuch. Sie können Krypto-CFDs über deren Tausch kaufen und verkaufen. Neben der Bitmex-Börsennotierung werden auch Trades nach dem Index Pricing bewertet und liquidiert. Bitmex berechnet den Spotpreis von Bitcoin-Kontrakten, indem es deren Preise sowohl bei Bitstamp als auch bei Coinbase Pro berücksichtigt.

Viele Krypto-Trader wenden sich wegen ihrer hochgradig fremdfinanzierten Tradingmöglichkeiten an Bitmex. Sie können bis zu100x auf Bitcoin-Kontrakte oder50x auf Ethereum traden. Unser Bitmex-Guide enthält alles, wasSie über die Plattform und den Einstieg wissen müssen.

<<>>

4th place: Binance

Binance is a crypto currency exchange, which was launched in July 2017 under the leadership of CEO Changpeng Zhao. Since then the exchange has experienced a rapid rise and is now the largest crypto currency exchange in the world!

Due to the surge in popularity, Binance was forced to reject new customer registrations in January 2018. While the exchange was closed to new customers, private deals were made for Binance accounts worth several thousand dollars! In the meantime, you can open accounts again free of charge.

Unlike Coinbase, Binance is an exclusive crypto-to-crypto exchange and does not allow fiat currency deposits.

<<>>

Place 5: CEX.io

CEX.io logo

CEX.io was founded in London in 2013 and its exchange offers users an easy and pleasant user experience. With an easy-to-navigate verification process that precedes the purchase of crypto-currencies, CEX.io questions the complexity of other exchanges.

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 offers a wide range of support for crypto currencies such as Litecoin, Bitcoin Cash, Ripple and DASH.

Users also have the possibility of direct trading with CEX.io. A nice feature that CEX.io offers is the ability to trade via a smartphone. This is especially convenient for those who are always on the go. Like the other exchanges on this list, CEX.io is a trusted and secure platform. Trading fees range from 0.0 to 0.2% per transaction.

<<>>

Do you want to trade crypto currencies with the best conditions?

Get started on eToro, the test winner crypto broker from Bitcoin-News.one

REGISTER NOW
Your capital is at risk. Not ready yet? Read our Etoro test.

Coinbase: Experiences and problems

#1 crypto currencies are limited.

Coinbase trades only the most common coins like Litecoin, Ethereum and Bitcoin. If you want to trade currencies that are newer, not so well known or not so popular, you have to look for an alternative platform.

#2 Accessibility is restricted.

Coinbase is currently only available in 32 countries. You can visit the Coinbase website to see if a certain country is allowed or not. However, it is strange that there are restrictions for crypto currency exchange based on geography. This is especially strange since crypto currencies are based on a decentralized system.

#3 Payment options are limited.

Die meisten Banküberweisungen und Debit-/Kreditkarten werden von Coinbase akzeptiert, andere Methoden wie PayPal sind jedoch nur in den USA verfügbar.

#4 premium transaction costs.

The transaction fees on Coinbase are between 1.49% and 3.99%, depending on the payment method and the country where the transaction is carried out. These are not the highest fees you will find, but they are not cheap either.

Frequently asked questions: 

Coinbase trades only the most common coins like Litecoin, Ethereum and Bitcoin. If you want to trade currencies that are newer, not so well known or not so popular, you have to look for an alternative platform.

Coinbase is clearly not suitable for everyone. Fortunately there are Coinbase alternatives. The ones listed below are some of the better options for 2019.

Gemini was founded in New York in 2014 and is a serious coinbase alternative. Unlike other Exchanges, Gemini does not charge transaction fees. This gives the exchange a significant advantage, as other exchanges charge users a small fee for each transaction. Furthermore, the Gemini wallet offers cold storage, i.e. your coins are stored offline.

Kraken was founded in San Francisco in 2011 and is considered by many to be one of the most popular coinbase alternatives. Kraken has earned a reputation as one of the safest exchanges around.

Do you want to trade crypto currencies with the best conditions?
eToro logo

Get started on eToro, the test winner crypto broker from Bitcoin-News.one

REGISTER NOW
Your capital is at risk. Not ready yet? Read our Etoro test.

Callie Machalat

Callie Machalat of Bitcoin-News.one understands the information needs of crypto community members, traders, researchers and developers who are looking for reliable information to understand and participate in the crypto revolution.

More articles on this topic:

Exchanges
🔥 Stormgain Test 2020: comparison & experience with the Exchange

Stormgain Test 2020: comparison & experiences with the Exchange 🥇 What are the conditions? 🥇 Our evaluation 🥇

Learn more...
Ternion Test & Experience ▷ All about the trading platform

If one wants to trade with crypto currencies, one will relatively quickly come to the conclusion that there are numerous stock exchanges here that make it possible to exchange fiat money - i.e. euros as well as US dollars - into digital currencies without any problems. One such provider is Ternion.

Learn more...
Prime XBT Test & Experiences ▷ Everything about the trading platform

Prime XBT is a new trading platform that offers traders the opportunity to trade virtual coins, i.e. crypto currencies, with leverage. This allows traders to work with digital currencies without having to invest large amounts. Sounds tempting, but it is by no means without danger.

Learn more...
Bitmex test & experiences ▷ All about the crypto exchange!

This is what you need to know about the Bitmex crypto-exchange! BC1 explains how to use the Exchange from Germany and how you can save money ✓ Review Test ✓ Click here for more info!

Learn more...
Binance versus KuCoin ▷ Which exchange is better? Our experience, fees & More

You must know that about the two crypto-Exchanges! BC1 explains the differences between Binance and KuCoin and which Exchange is best suited for you! ✓ Our experiences ✓ Click here for more information!

Learn more...
Binance for iPhone ▷ Everything about the Exchange iOS app!

This is what you need to know about the Binance App for iPhone! BC1 explains how to use and set up the iOS app from Germany. ✓ Review Test ✓ Click here for more info!

Learn more...
Binance App Test & Experiences ▷ Everything about the desktop app!

This is what you need to know about the Desktop App from Binance! BC1 explains how to use the app from Germany and where the advantages are. ✓ Review Test ✓ Click here for more info!

Learn more...
Changelly Test & Experiences ▷ Everything about the crypto-exchange!

You need to know about Changelly! BC1 explains how to use the Exchange Börse from Germany and how you can save money. ✓ Review ✓ Our experiences ✓ Click here for more info!

Learn more...
HitBTC Test & Experiences ▷ Everything about the crypto exchange!

You need to know about the Crypto-Exchange! BC1 explains how to use the Exchange Exchange from Germany and how you can save money. ✓ Review ✓ Experience ✓ Click here for more info!

Learn more...
Bittrex test & experiences ▷ All about the crypto-exchange!

You must know that about Bittrex! BC1 explains how to use the exchange from Germany and how you can save money. ✓ Review ✓ Experience ✓ Click here for more info!

Learn more...
YoBit test & experiences ▷ Everything about the crypto-exchange!

You need to know about the Crypto-Exchange! BC1 explains how to use the Exchange Exchange from Germany and how you can save money. ✓ Review ✓ Experience ✓ Click here for more info!

Learn more...
The 5 Best Coinbase alternatives ▷ Exchanges comparison

You need to know about the 5 Coinbase alternatives! BC1 explains where the differences between the exchanges are and which one is the most suitable. ✓ Review comparison ✓ Click here for more info!

Learn more...
Binance Test & Experiences ▷ Everything about the Crypto-Exchange!

This is what you need to know about the Binance exchange! BC1 explains how to use the Exchange website from Germany and how you can save money. ✓ Review Test ✓ Click here for more info!

Learn more...
🔥 Coinbase Test 2020: Vergleich & Erfahrung mit der Exchange

Coinbase Test 2020: Vergleich & Erfahrungen mit der Exchange 🥇 Wie sind die Konditionen? 🥇 Unsere Bewertung 🥇

Learn more...
🔥 Plus500 Test 2020: Vergleich & Erfahrung mit der Exchange

Plus500 Test 2020: Vergleich & Erfahrungen mit der Exchange 🥇 Wie sind die Konditionen? 🥇 Unsere Bewertung 🥇

Learn more...
🔥 eToro Test 2020: Vergleich & Erfahrung mit der Exchange

eToro Test 2020: Vergleich & Erfahrungen mit der Exchange 🥇 Wie sind die Konditionen? 🥇 Unsere Bewertung 🥇

Learn more...
Kraken Test & Experiences ▷ Everything about the crypto-exchange!

You must know about the Kraken stock exchange! BC1 explains how to use the Crypto-Exchange from Germany and how you can save money. ✓ Review Test ✓ Click here for more info!

Learn more...
KuCoin test & experiences ▷ Everything about the crypto-exchange!

You need to know about the KuCoin stock exchange! BC1 explains how to use the Exchange Börse from Germany and how you can save money. ✓ Review Test ✓ Click here for more info!

Learn more...