Top 5 Coinbase Alternatives in 2021 [Latest]

This article will discuss the Coinbase alternatives to buy, sell, or trade crypto assets. We will compare them based on fees, and security, and other features.

S. No.Exchange Fees Security Mobile appUser interfaceOverall 
1.Gemini 4/55/53/53/53.8/5
2.Robinhood 5/54/55/54/54.5/5
3.Swapzone5/54/54/54/54.5/5
4.Kraken 4/54/55/55/54.5/5
5.Binance US5/53/53/53/53.5/5
6.Crypto.com 5/54/54/54/54.2/5
Top 5 Coinbase Alternatives

Coinbase Alternatives: Summary (TL;DR)

  • Coinbase is one of the most popular legal crypto trading platforms in the USA.
  • The exchange lags behind its competitors in many aspects such as fees, leverage trading, etc.
  • The best five Coinbase alternatives are Gemini, Robinhood, Kraken, Binance US, and Crypto.com.
  • Gemini is considered the most secure trading platform in the entire crypto industry. It offers Gemini Pay, Gemini Clearing, Gemini Earn, etc.
  • Robinhood is famous for providing its investment services both in crypto and traditional stocks.
  • Kraken can be considered the platform with the best illustrations and user interface. The exchange also offers leverage trading on crypto and futures.
  • Binance US is a derivative of Binance legally functioning in the USA and providing all the basic features of Binance.
  • Crypto.com is a trading platform with over 10M active users and products such as margin, derivatives, DeFi wallet, DeFi Swap, etc.

What is Coinbase?

Coinbase is one of the most popular crypto exchange platforms providing its services to over 56M+ registered users and in over 100 countries. The exchange offers regulated crypto trading services in the USA and does not offer any leverage trading services.

Coinbase aims to provide a fair, efficient, and easily accessible crypto trading platform around the globe. They offer one of the most straightforward user interfaces and the best customer service in the crypto market. To learn more read our Coinbase review.

Why should you look for an alternate exchange?

Even though Coinbase is one of the significant exchanges functioning in the USA, it still has many drawbacks. The platform charges the highest fees in the crypto market and offers no leverage trading on the crypto or futures market.

Top 5 Coinbase Alternatives

It is evident that we are looking for alternatives to Coinbase due to its drawbacks. Hence below are the five best Coinbase exchange alternatives:

1. Gemini

Gemini is a product of an idea in the mind of the Winklevoss twins. It is a New York-based trading platform that offers its services through its various products. The exchange is proving to provide the best security services in the entire crypto trading industry. 

Gemini
Coinbase Alternatives: Gemini

Gemini is the SOC Type 1 and SOC Type 2 certified crypto exchange custodian. It offers many other products, as discussed below.

Products by Gemini 

Gemini offers a series of products to both individuals and financial institutions. Let’s look at the one at a time:

Gemini Active Trader

Gemini provides its traders with Gemini ActiveTrader to trade in crypto in microseconds. You can use various features on this platform such as Market or cancel, immediate or cancel, limit, or fill-or-kill to place and execute your orders.

Gemini Custody

Gemini offers the best security services in the crypto market and hence also provides crypto custodial services. You can then store your crypto assets in one of the most secure vaults in the industry. To learn more about Gemini custody, click here.

Gemini Clearing

Gemini clearing is similar to P2P trading as it helps you buy or sell crypto assets from an individual. All your trades through Gemini clearing remain off the order book. Hence, Gemini only acts as a third party in this transaction.

Gemini Pay

Gemini Pay allows you to use your crypto assets to pay for groceries at more than 30,000 retail stores across the USA. You can use this feature by downloading the Gemini app.

Gemini Exchange
Gemini Exchange

Gemini Earn

With Gemini Earn, you are entitled to earn almost 7.4% APY on your crypto assets. All you have to do is sign up to Gemini Earn and deposit funds to start earning. You can withdraw the funds from the Gemini Earn anytime you wish to make a withdrawal.

Gemini Cryptopedia

Gemini has recently launched its informational platform called Cryptopedia. Cryptopedia is a free crypto educational platform and also provides professionals to share information about crypto.

Gemini Fees

The fee structure at Gemini depends on the product you are using. The deposit fees through wire transfers are free, and at the same time, through debit cards is 3.49%. If you are using Gemini ActiveTrader, then the fees is as per the below table, and you can look at other fee schedules from here:

30-Day Trading Volume in (USD)Taker FeeMaker FeeAuction Fee
00.35%0.25%0.25%
≥ $500,0000.25%0.15%0.20%
≥ $2,500,0000.25%0.15%0.10%
≥ $5,000,0000.15%0.10%0.10%
≥ $10,000,0000.15%0.10%0.00%
≥ $15,000,0000.10%0.00%0.00%
≥ $50,000,0000.075%0.00%0.00%
≥ $100,000,0000.05%0.00%0.00%
≥ $250,000,0000.04%0.00%0.00%
≥ $500,000,0000.03%0.00%0.00%

Gemini Security

Gemini uses cold storage services that have FIPS 140-2 Level 3 or higher ratings. The exchange secures all your account activities and transactions through two-factor authentication. Also, not even the CEO and the President alone or together can illegally withdraw any funds from Gemini cold storage.

Gemini: Pros and Cons

ProsCons
The exchange is available in all of the US states.Higher fees than a couple of other competitors.
Gemini pay allows you to pay at more than 30,000 retail stores across the USA.The exchange needs a lot of personal information.
Ou can gain an annual interest on your unused crypto-asset through Gemini Earn.
Gemini Pros and Cons

You can gain a better understanding as to why you should prefer Gemini over Coinbase by reading our comparison article, Gemini vs. Coinbase.

2. Robinhood

Robinhood is an exclusive platform for US citizens, as you can only use the platform if you own an SSN. The platform didn’t support crypto trading until 2018. And, BTC and ETH were the only coins available to trade in its early day. As of now, Robinhood is one of the most popular exchanges in the USA.

Robinhood
Coinbase Alternatives: Robinhood

Products by Robinhood

Robinhood offers its exclusive services in crypto as well as stocks through its various products. Here’s a brief take on the products offered by Robinhood:

Stocks and funds

Robinhood offers a commission-free investing service and many essential tools you should use to invest. The platform provides fractional shares, where you can invest in over a thousand stocks with as little as a dollar.

Crypto 

Robinhood allows trading in significant crypto assets such as BTC, DOGE, ETH, and many others. You can buy, sell and trade on crypto assets around the clock with no commissions from the exchange.

Options

Selling options contracts mean selling the contracts to a buyer to collect premiums, and buying it means repurchasing them from a seller. Robinhood does not charge any commission fee on the options contract.

Gold

This options at Robinhood allow you to trade on margin with your gold investments, and hence you can supercharge your gold. You get to trade on a margin with a 2.5% annual rate, and all of it starting at just $5.

Gold Investment on Robinhood
Gold Investment on Robinhood

Cash Management

Robinhood provides you with a 0.30% APY on the uninvested funds in your account. You can use cash management in both your savings and checking accounts and also spend your cash anywhere you want.

Robinhood Fees

Robinhood provides a platform with a commission-free trading platform. However, SROs such as FINRA charge you a small amount for sell orders. Since Robinhood is a regulated exchange, the fee charged through FINRA is intended to cover the costs incurred by the government of the USA. You can learn more about fees at Robinhood from here.

Robinhood Security

You get a Two-factor authentication at Robinhood to go through all the significant steps on the exchange. The platform also offers a cold storage vault for your assets and FDIC insurance for your assets on the exchange.

Robinhood: Pros and Cons

ProsCons
Robinhood provides various options to invest, such as socks, crypto, gold, etc.You can create an account only if you are a US citizen and own an SSN.
The exchange charges a nominal fee.There are only 16 different types of crypto assets available to trade.
One of the oldest legal investment platforms in the USA.
Robinhood Pros and Cons

You can gain a better understanding as to why you should prefer Robinhood over Coinbase by reading our comparison article, Robinhood vs. Coinbase.

3. Swapzone

Swapzone is a platform that is known for aggregating the exchange information from different cryptocurrency exchanges. It was founded in 2019 and supports over 300 crypto assets.

Swapzone Features

  • Swapzone is a user friendly platform for quickly finding competitive market rates for different cryptocurrency pairs. 
  • The platform has nine different exchange partners.
  • Swapzone is a non-custodial platform that holds no crypto assets.
  • Swapzone enables individuals to use its API and integrate it into other platforms as per the users’ wishes.

Swapzone Fees

The fees charged from the users to swap through the swap zone website are not fixed. It does not charge any fee from its users, although the exchanges that are used to swap charge their own fee from the individuals. This fee depends on several factors like the pairs in question, network conditions, demand/supply, etc.

Swapzone Security

Swapzone can be regarded as a secure platform for exchanging crypto because it comes with two primary features. First, the platform does not require users to sign up or log in. Thus, there are virtually no accounts or credentials that are at risk of being hacked or overtaken. Secondly, the platform does not store cryptocurrencies which means it is unlikely to get attacked by any illicit element.

Swapzone Pros and Cons

ProsCons
Swapzone charges no amount to become its member. It is absolutely free to use.Supports only a limited crypto exchange platform.
It supports more than 300 crypto assets.The future of the platform is uncertain due to limited information about the team.
Offers video tutorials.
The platform is effective in comparing prices across different exchanges.
Swapzone Pros and Cons

4. Kraken 

Kraken is a crypto trading platform with the perfect illustrations which came into existence in the year 2011. It is a regulated exchange based in the USA and offers various products, including leverage trading.

Kraken
Coinbase Alternatives: Kraken

Products by Kraken 

Kraken offers a series of products to its users. Hence, let’s learn about them one by one:

Buy and Sell Crypto

Kraken offers crypto buying and selling in several popular crypto assets. However, you need to complete your verification process before you begin your trading journey at Kraken.

Margin Trading

With the intuitive user interface of Kraken, margin trading becomes simpler. Hence Kraken offers a leverage of up to 5x on almost all of its listed crypto assets. Using Kraken margin trading, you can go long and short at the exchange.

Futures Trading

Futures trading means buying or selling a contract at a predetermined date and time in the future at a fixed price. You can trade in futures at Kraken using the leverage of up to 50x on certain commodities.  

Futures Trading at Kraken
Futures Trading at Kraken

However, before using futures trading, you’ll have to give a quiz on the platform and based on which the exchange will categorize you in one of the three following categories below:

  • Retail trader
  • Professional trader
  • Larger undertaking

OTC Trading

OTC trading primarily exists for giant institutions or individuals with a high net worth who require deeper liquidity. Open the counter, or OTC trading occurs off the open crypto exchange at Kraken. 

Kraken Fees

The fee at Kraken is as low as 0%; however, the platform charges a fee of 0.9% for stable coins and FX pairs. For a deeper understanding of the fee structure at Kraken, please visit the fee schedule of the platform. You can observe the maker and taker fee on Kraken Pro in the below table:

30-Day Volume (USD)MakerTaker
$0 – $50,0000.16%0.26%
$50,001 – $100,0000.14%0.24%
$100,001 – $250,0000.12%0.22%
$250,001 – $500,0000.10%0.20%
$500,001 – $1,000,0000.08%0.18%
$1,000,001 – $2,500,0000.06%0.16%
$2,500,001 – $5,000,0000.04%0.14%
$5,000,001 – $10,000,0000.02%0.12%
$10,000,000+0.00%0.10%

Kraken security

Kraken is one of the most trusted cryptocurrency exchanges on the market as they hold most of your digital assets in air gaped cold wallets. The cold storage facility is in 24×7 surveillance by cameras and guards. Kraken also runs a bug bounty program where you earn rewards by reporting significant bugs on the platform. To learn more about the bug bounty program, click here.

Kraken: Pros and Cons

ProsCons
The exchange offers the best user interface in the entire crypto market.The exchange has shown inadequate customer support in certain instances.
Kraken supports leverage trading with leverage of up to 5x on crypto and 50x on futures.
Kraken offers lower fees, higher security, and comparatively more crypto options when compared to its competitors.
Kraken Pros and Cons

You can gain a better understanding as to why you should prefer Kraken over Coinbase by reading our comparison article, Kraken vs. Coinbase.

5. Binance US

The USA has strict crypto trading regulations working. Hence, being a resident of the states, you cannot use Binance. Therefore, Binance recently launched Binance US, a crypto exchange adhering to the trading laws in the USA. Binance US provides high liquidity but also very few crypto assets.

Binance US
Coinbase Alternatives: Binance US

Products by Binance US

Binance US offers all the essential features. However, due to regulatory laws in the US, it cannot provide its services up to its full potential. You can easily buy, sell, and trade in crypto at Binance US. Other features at the exchange include basic and advanced trading options and the OTC trading portal.

Binance US Fees

The fee at Binance US is comparatively higher than Binance. The exchange charges a 0.1% spot trading fee and a 0.5% instant buy/ sell fee. If you hold BNB in your account, then the exchange will use it to pay the fees by default. 

To learn more, read our article on the Binance Fees. You can also observe the maker and taker fee based on your BNB holding and past 30D trading volume in the below table:

Binance US Fee
Binance US Fee

Binance US Security

Binance US maintains complete security keeping the reputation of its parent organization. However, in 2019 hackers stole around 7,000 bitcoins; the absolute value then was $40 million. The company claims that they have paid the losses in full to the affected users.

Binance US: Pros and Cons

ProsCons
The exchange uses the same technology as Binance and hence is faster than its competitors.The exchange has a limited choice o crypto assets.
It also provides higher liquidity than other exchanges.Not all the features of Binance are available at Binance US.
The trading fee is 0.1% and even less if you own BNB.
Binance Pros and Cons

6. Crypto.com 

Crypto.com is a crypto trading platform with more than 10 million active users. The exchange provides one of the best security services in the crypto market. It has over 360 M USD in insurance coverage.

Crypto.com Exchange
Coinbase Alternatives: Crypto.com Exchange

Products by Crypto.com 

Crypto.com offers a wide range of products to its users. You can visit the Crypto.com exchange platform and trade in one of the many options such as margin, derivatives, spot, etc. The platform also allows you to use DeFi wallet, Defi Earn, and Swap.

Sadly we cannot cover all of the products of Crypto.com in this article. However, you can still learn about them by reading our Crypto.com review. Crypto.com also offers its own NFT platform, and you can learn more about it by reading our review of the Crypto.com NFT platform. The platform also provides its own Visa card, you can learn about it by reading our review on the MCO card.

Crypto.com Fees

Crypto.com follows a tiered fee system for its users, and you can calculate your fees based on the below table. 

Crypto.com Exchange Fees
Crypto.com Exchange Fees

If you use CRO and pay your fees in it, you are entitled to a discount. Furthermore, even staking in CRO will get you a 10% APY on your CRO stake. You can also apply for a VIP account by mailing your application to [email protected] and hence enjoy additional incentives.

Crypto.com Exchange Fees with Holding CRO
Crypto.com Exchange Fees with Holding CRO

Crypto.com Security

The exchange uses cold storage to store your crypto assets and stores a small number of assets in hot wallets for day-to-day uses—the exchange stores FIAT currencies in custodian bank accounts. The platform uses the highly secure AWS for its firewall and encryption. 

The exchange complies with the following CCSS (CryptoCurrency Security Standard), becoming the first exchange for owning all the below certificates at the same time:

Crypto.com Security Standards
Crypto.com Security Standards

Crypto.com: Pros and Cons

ProsCons
You can earn up to a 50 USD sign-up bonus by clicking here.The in-app live support is struggling to provide services to users due to excessive requests.
You can buy/ sell crypto with credit/ debit cards.The exchange has a $7,500 daily withdrawal limit.
One of the best security services is available.
Crypto.com Pros and Cons

Coinbase Alternatives: Conclusion

Coinbase is an expensive crypto exchange that lacks many other things. There are many other exchanges in the crypto market that offer similar or even better services. Hence you can go with any of the above exchanges as an alternative to Coinbase. In case you are interested in going deeper into crypto trading, then I’d suggest choosing Gemini. On the other hand, if you wish to begin your trading journey, then you should try Kraken.

Frequently Asked Question

Is Robinhood suitable for beginners?

Robinhood provides a diverse range of products to invest in and hence at times, can be overwhelming to beginners. However, the exchange also has an interactive UI and has no account minimums. You can surely go for Robinhood if you’re ready to learn about the platform elsewhere. They don’t have any educational tools.

How to transfer Bitcoin from Coinbase to Kraken?

First of all, you’ll have to log into your Coinbase account and then visit the send or receive section from the header of your dashboard. Then you can enter the wallet address of the receiving account and hit the send button.

Is Gemini better than Coinbase?

If we are talking about features such as security, mobile app, and fees charged, in that case, Gemini can be considered a better option. However, if you’re looking to go deeper into crypto trading, Coinbase might be a better choice. To learn more read Gemini vs Coinbase.

How to delete a Coinbase account?

If you are done using Coinbase and wish to delete your account, you need to head over to the settings’ activity page. Now scroll down and find the close an account option at the bottom of the page. Now, click on it and disable your account. Do make sure you don’t have any funds in your account before closing your Coinbase account.

How to withdraw from Coinbase?

To withdraw from Coinbase, you need to go to the Accounts section and then click on BTC wallet and hit the send button. If you’re using a Coinbase Pro account, then click the withdrawal button and enter all the details on the next page, including the receiving account’s wallet address.

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