Explore the Top Ten Competitors to Coinbase for Your Crypto Trading Needs in 2023

Looking to switch from Coinbase but not sure where to go? Coinbase might be a good place to start for crypto buying and selling, but the high costs can be a turn-off. Don’t worry though, there are plenty of other platforms out there to consider.

Let’s talk about some of them.

One option is Binance. It’s as big as Coinbase with over 13 million users, but it supports over 150 types of coins linked to 50 traditional currencies. Binance also tends to be cheaper than Coinbase, charging between 0.02% to 0.1% depending on how much you trade.

The oldie-but-goodie is Kraken, which has been around since 2011. Kraken lists more than 60 cryptos and it’s known for its strong security measures. Fees are generally lower than Coinbase, going up to 0.26%, but instant buys will cost 1.5%.

Gemini is another notable option, particularly because it insures its crypto holdings against hacking. Although it doesn’t allow conversions from crypto to traditional currencies, it does let you deposit money in different ways and offers a credit card with Bitcoin rewards.

If you’re a beginner, you might find eToro appealing. You can copy the buying and selling of professional traders, which can be really helpful when you’re just starting out.

Crypto.com specializes in cryptocurrency and serves as a great platform for businesses that want to accept crypto payments. Fees are generally low, up to 0.4%, but keep in mind that credit card purchases will be charged 2.99%.

Uphold is another platform to consider. Good for buying, selling, trading, and earning crypto, it accepts trades for cryptocurrency, traditional money, precious metals, and even stocks.

Remember to check if the platform you’re interested in fits your specific needs. Make sure the ones you’re eyeing are easy to use, support the types of coins you’re interested in, operate in your area, and match your wallet preferences. Also, don’t forget to check the fee structure!

Bottom line, you have lots of options if you want to move away from Coinbase. Just do your research to find the best fit for you. Happy trading!