Coinbase Alternatives: When it comes to buying Bitcoin, only one name comes into the mind i.e. Coinbase.
In the current times when Bitcoin is a hot pie, all the people around the world are willing to buy Bitcoin. Most of the people just straight away rush to Coinbase.
However, Coinbase is not available in all the countries around the world which leaves a lot of people in the middle of nowhere.
Hence, People often search for reliable ways to buy Bitcoin with Fiat currency of their home country.
If you are unaware of Coinbase, here is a brief intro:
Coinbase is a US-based cryptocurrency exchange which is extremely famous for buying and selling of Bitcoin, Ethereum, and Litecoin.
Though the exchange is pretty amazing and reliable, there is one big problem which is availability.
Currently, Coinbase serves only 32 countries thus most of the people around the world do not have access to it.
Moreover, Coinbase has been constantly saying that they will expand to 168 counties but their action speaks a different story.
Recently, Coinbase received a huge funding of $100 million and valued over $1 Billion. With this funding, they could have started expanding their operations to at least a few major countries.
Even before the funding, Coinbase was well funded and never had a cash crunch. By looking at such scenario, I doubt if they will expand anytime soon.
So looking at all these problems, I have come up with some of the best Coinbase alternatives that would help reduce the pain of buying Bitcoin around the world.
Best Coinbase Alternatives
Cex.io is one of the most reputable exchanges based out of London, UK.
It was established in 2013 and has the presence in 99% countries of the world. You can check the complete list of the supported countries here.
Similar to Coinbase, Cex.io allows you to instantly buy Bitcoin and Ethereum with the credit/debit card and bank transfer.
Cex.io has recently added support for various other cryptocurrencies like DASH, LTC, BCH, XRP, ZEC. They are adding many more altcoins to their platform.
Before buying crypto with fiat currency, you just need to go through a simple verification process which includes identity and card verification.
One good thing about Cex.io is that it accepts various fiat currency like USD, EUR, GBP, and RUB.
Here are a few salient features of Cex.io:
- Buy/sell/trade Bitcoin and many altcoins with credit or debit card.
- Supports various fiat currencies like USD, RUB, EUR, and GBP.
- Available on mobile platform
- 24*7 Responsive customer support
- Margin Trading
- 2 Factor authentication
- Low trading fee of 0% to 0.2%
- It has high trust factor among crypto community
- Available worldwide
You can also have a look at coinscage review of Cex.io.
Gemini is one of the top Bitcoin exchange in the world founded in 2014 by Tyler and Cameron Winklevoss(Co-Creators of facebook).
It allows you to buy Bitcoin and Ethereum with bank transfer. For a beginner buying BTC/ETH though Gemini is like a piece of cake.
Gemini is most widely used in the United States and a few other counties. Currently, Gemini operates in 46 U.S. states, Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the U.K.
You can check your country/state on this list.
Moreover, Gemini does not levy any fee for withdrawal and deposits which makes this exchange cost efficient. Even the crypto prices are not very high, unlike Coinbase which is almost 2-5% higher than the market price.
You can also store your funds safely on Gemini online wallet as the majority of funds are stored in cold storage. However, I won’t recommend you to store a large amount of BTC/ETH on the exchange, instead, you should get a Hardware wallet like Ledger Nano S.
Some features of Gemini:
- High liquidity in Bitcoin and Ethereum exchange
- Great customer support
- Supports 2-factor authentication
- No withdrawal and deposit charges
- Good reputation in supporting countries
- Two types of account – Individual and Institutional
Kraken is a one of the largest Bitcoin exchange based out of San Fransico. It was started in 2011 and has a huge dominance over US and UK market.
Kraken allows you to buy/sell cryptocurrencies with 5 fiat currencies which include USD, EUR, GBP, JYP, and CAD. It allows deposit via bank transfer and SEPA in the particular currency.
You can buy Bitcoin and Ethereum along with 13 other cryptocurrencies like Bitcoin cash(BCH), Litecoin (LTC), Ripple (XRP), Ethereum Classic (ETC), Dash (DASH), Stellar Lumens (XLM), Monero (XMR), Augur REP tokens (REP), ICONOMI (ICN), Melon (MLN), Zcash (ZEC), Dogecoin (XDG), Tether (USDT), Gnosis (GNO), and EOS (EOS).
Kraken is available in almost every country in the world which makes it a great exchange. However, Due to the large presence, Kraken site goes down a lot of times also the customer support is not as quick as the above-listed exchanges.
Moreover, Kraken charges a trading fee which various for both maker and taker.
If you are not aware of Maker and Taker, then here is a brief intro to it.
Maker is the one who puts the sell order or the one who is selling the coin on the platform.
Taker is the one who bid to buy the certain cryptocurrency on the asking price of the seller.
But before starting buying/selling on Kraken, you need to go through account verification. There are 3 types of account which vary for deposit and withdrawal limits. You must go through our Kraken review and guide to know all the steps in detail.
Some key features of Kraken are:
- Offers a Mobile App
- It allows Bitcoin margin trading
- Supports 2-Factor authentication
Localbitcoins is the biggest peer-to-peer Bitcoin marketplace where people can buy/sell Bitcoins. It was founded in 2012 and is operational from Helsinki, Finland.
LocalBitcoin acts as a platform where both buyers and sellers meet to conclude the trade. The trade can take place online as well as offline in almost every country of the world with 15000+ major cities.
Here you just need to create an account and select the buyer from whom you wish to buy the Bitcoin. You can even chat with the buyer, check his old trades and reputation.
Once you select the seller you can trade online as well as offline as per your mutual agreement. You can pay with cash, Paypal, SEPA etc depending what seller wants.
Moreover, the price of LocalBitcoins is always higher than the market price, this is because here the price and fees are set by the seller itself. Meanwhile, for an online transaction, LocalBitcoins acts as an escrow and charge a minimal fee of 0.5%.
But let me remind you one thing that, you must carefully go through the seller profile and check the reputation. Higher the reputation, lower the risk of losing your money.
Some notable features of LocalBitcoins:
- Available worldwide
- Can trade online as well as offline
- Chat and negotiate selling price
- Various Payment modes like Paypal, Cash, etc
You can also go through our LocalBitcoins Guide and Review for step by step process of buying BTC.
Coinmama is a popular cryptocurrency exchange which is headquartered in the Slovak Republic and started its operation in 2013.
Coinmama is a great alternative to Coinbase, as it allows to instantly buy Bitcoins and Ethereum with the credit card.
You just need to create an account and get the card verified. Once the card is verified, you can enter the amount of BTC you need to buy.
The best part is, Coinmama is available in 217+ countries around the world which makes it accessible to most of the people. You can check this list if your country is supported or not.
But let me tell you one thing, Coinmama allows only buying of crypto and does not support selling them.
Some features of Coinmama:
- Available worldwide
- Supports fiat currency i.e. Credit Card
- Good customer support
If you reside in a European country, here is an amazing alternative to Coinbase for you.
BitStamp is one of the oldest Bitcoins exchange which allows trading Bitcoins with fiat currencies in European Countries.
Bitstamp was launched in 2011 and operated from Luxembourg.
Along with Bitcoin, you can also buy Ethereum, Ripple, and Litecoin with fiat money – USD, EUR, GBP, and CHF.
Moreover, Bitstamp charges a very low fee which varies from .10% to .25% per trade.
Some quick features of Bitstamp:
- It has an operating license in Europe.
- It also provides you a friendly mobile app for both iOS and Android.
- It offers two-factor authentication process for the secure transaction.
- Support various payment modes like SEPA, credit/debit card, bank transfer, Astropay etc.
Another way that acts as a quick alternative of Coinbase is Bitcoin ATMs. If you haven’t heard about it then no worries, this is not much prevalent as of now.
If you are living in a city where Bitcoin ATMs are installed, then you can straight away buy Bitcoin through them. Bitcoin ATMs are similar to the regular ATMs which you use to get money from your bank account.
The best part is that you can use fiat currencies like USD, GBP, EUR to get Bitcoins. (More currency vary as per the country in which ATM is located)
The working of Bitcoin ATM is very simple, you just need to deposit the money and scan the Bitcoin Address where you want to receive the BTC. You will instantly receive BTC in your wallet address.
Not only this, there are a many ATMs where you can get other cryptocurrencies like Ethereum, Ripple, Litecoin etc.
If you are wondering, how you will find the ATM, then you shall use Coinatmradar and you can find a nearby BTC ATM.
Indacoin is a cryptocurrency exchange founded in 2013 which allows you to buy/sell Bitcoin and Ethereum with fiat currency.
Getting started with Indacoin is extremely easy even for a beginner. You just need to fill a simple form and get your card verified in order to make the purchase.
Let me tell you that Indacoin accepts only credit/debit cards and payza to make the transaction. Moreover, the charges are a bit higher when compared to other exchanges on this list. On the other hand, Indacoin provides a quick service and a responsive customer support.
Indacoin is available in all the countries around the world and accepts the funds in USD. The funds are converted to USD at your bank’s exchange rates which might vary as per the bank.
Here are some features of Indacoin:
- It is available worldwide
- Very easy for beginners
- Supports bank cards and Payza
So, Which is the Best Coinbase Alternative?
I have added various alternatives to Coinbase and I personally feel that Kraken and CEX.io are good exchanges. But recently, many of our readers have had issues with Kraken like slow transaction and customer support.
Moreover, Crypto is still in its infancy and we will surely see many new exchanges. I will keep this post updated by adding more platform from where you can buy/sell Bitcoin easily.
So, this is it for today! If you have any query then feel free to comment below and I will be happy to help you.
Meanwhile, read our other articles:
- Best Bitcoin wallet to safeguard your BTC
- Convert one crypto to other Instantly
- Best Cryptocurrency exchange to buy Altcoins