Coinbase is an excellent choice for investors starting their cryptocurrency trading journey. It removes the complexities of trading crypto-assets by providing an easy way to buy crypto for fiat currencies.
The crypto exchange offers beginners a simple user experience with numerous functionalities and features. However, the platform’s high trading fees, limited advanced functionalities for expert traders, and trading limited to only digital assets may compel investors to look out for its alternatives.
So, in this guide, we have covered best alternatives to Coinbase, including their pricing structure, products, and features.
Top 7 Coinbase Alternatives in the US
Here are the best alternatives to Coinbase:
| Broker | Account Minimum | Deposit Fees | Withdrawal Fees | Minimum Trade Order | Social Trading | Copy Trading |
| Robinhood | $0 | $0 | $0 | No minimum | No | No |
| eToro | $10 | $0 | $5 | $10 | Yes | Yes |
| Fidelity | No Minimum | $0 | $0 | No minimum | No | No |
| Gemini | No Minimum | Varies | Varies | Vary by asset | No | No |
| Binance US. | $50 | Varies | Varies | Vary by asset | Yes | No |
| Bitrue | $0 | 3.5% or $10 | Varies | $10 | No | Launching soon |
| Indoex | $0 | $0 | Varies | 0.001BTC | No | No |
1. Robinhood – Best for Multi-Asset Investment
Robinhood is a multi-asset trading platform offering commission-free trading. It aims to democratize financial asset trading by offering low transaction fees and simple ways to trade.
- Modern and easy-to-use platform
- Commission-free trading
- Solid cash management feature with a cash card
- Limited crypto-asset offering
- Limited educational content
Robinhood Products and Features
As an industry disruptor, Robinhood hosts several unique features and products:
Cash Card
Crypto
ETFs and Options
IPO Access and Fractional Shares
Robinhood Retirement
Platform Security
Is Robinhood Beginner-Friendly?
Robinhood deliberately targets novice traders to inspire a new generation of investors. The mobile and web interfaces are sleek and intuitive, making them easy to navigate and use.
Other incentives also exist on the platform to attract beginners, including interest rates on idle cash and real-time market data.
2. eToro – Best for Copy and Social Trading
eToro is a highly functional social trading platform with over 60 cryptocurrencies and serve more than 30 million customers, providing many features and incentives. It's an excellent choice for traders who thrive within a community by sharing ideas and strategies.
- Copy trading features useful for replicating investment moves of top traders.
- Support for multiple deposit options
- Compliant with regulations (FINRA)
- Low minimum deposit ($10 for US and UK) requirement
- Extensive educational material
- High account minimum for other countries ($50 - $2000)
- High non-trading fees
- Limited customer support options
eToro Features and Products
Here are some of the top features and products on eToro:
Trade Cryptocurrency with Contract for Difference (CFDs)
Crypto Staking
Social Trading
Copy Trading
eToro Cryptocurrency Selection
Platform Security
Is eToro Beginner-Friendly?
Beginners can always start with extensive trading guides and practice market theory using a demo account. The copy and social trading features make it easy for beginners to replicate portfolios by top investors.
3. Fidelity – Best for Trading Traditional Financial Instruments
Fidelity is a multi-asset trading platform renowned for its extensive educational material, and trusted by over 40 million customers. The online asset management platform unveiled its crypto trading service in 2022.
Customers can now buy and sell Bitcoin and Ethereum for as little as $1.
- Great reputation with over 40 million customers
- ETFs products based on crypto assets
- Excellent educational material
- Low spreads of 1% for trading crypto assets
- Limited crypto assets selection
- Available in only 35 states
- Limited advanced functionality for trading crypto assets.
Fidelity Features and Products
Here are some of the most important products and features of Fidelity:
Fidelity Crypto Industry and Digital Payment ETF (FDIG)
Fidelity Metaverse ETF (FMET)
Fidelity Security
Is Fidelity Beginner-Friendly?
Trading cryptocurrency on Fidelity is simple and beginner friendly. Customers can also trade using the intuitive, easy-to-use app. The platform also offers extensive training material to help traders hone their skills.
The platform would be ideal for traders with accounts on Fidelity wishing to try crypto markets. Traders can choose to have their portfolio managed by experts in the company.
4. Gemini – Best for Active Traders
Gemini is a crypto exchange that provides customers a way to buy, sell and store over 100 crypto asset.
- A modest selection of crypto assets
- Up to 3% rewards with the Gemini credit card
- Institutional grade cold storage for crypto
- ActiveTrader platform for advanced traders
- Gemini card available for US residents only
- High fees when buying crypto using a debit card
- No 24/7 live chat support
Gemini Products and Features
Some of the leading products and features of Gemini are:
ActiveTrader
Wallet
Gemini Staking
Gemini Credit Card
Cryptocurrency Selection
Platform Security
Is Gemini Beginner-Friendly?
The platform caters to both beginners and expert traders, making it easy to deposit and buy cryptos with a streamlined trading interface. Advanced traders can use the ActiveTrader feature, which has a full suite of advanced tools.
Gemini provides a library of educational resources known as Cryptomedia that contains about 420 articles over a diverse range of topics.
5. Binance US – Good for Expert Traders
Binance US is the largest crypto exchange with over 350 crypto assets to trade. There are 120 million users on the platform.
- Extensive selection of crypto assets
- Different trading options including spot and margin trading
- Investors can trade Crypto derivatives
- P2P marketplace available
- Great support for institutional traders
- Earn rewards through defi staking, Binance Pool, and Binance Earn
- Large system which can be complex for beginners
- Binance has run into regulatory headwinds
Binance US Products and Features
An extensive range of products and features are offered by Binance US catering to beginners and advanced traders including buy, sell, and convert, advanced trading, staking, and OTC. On the other hand, When comparing Binance vs Crypto.com, one should consider Binance's impressive array of staking products and features which offer potential for significant yield on a wide variety of digital assets, setting it apart in the competitive cryptocurrency exchange landscape.
Buy, Sell, & Convert
Binance P2P
Crypto Derivatives
Staking
Multiple Ways to Earn
Platform Security
Is Binance.US Beginner-Friendly?
Binance.US provides simplicity in buying and selling crypto assets through the main platform and marketplace. However, it also features advanced tools for expert traders.
The Binance Academy contains courses, topics, and articles where beginners, intermediate, and advanced crypto traders can learn.
6. Bitrue – Best for Passive Income Investment
It is possible to buy, trade, and invest more than 700 cryptocurrencies with Bitrue. Traders can use the spot market offering more than 1000 pairs or ETFs with leverage.
- An extensive selection of crypto assets
- Crypto derivatives products available
- Staking options and yield farming available
- Competitive trading fees
- Reputation damaged after a hacking incident
- Fiat currency deposits are not supported
- Lower liquidity compared to cryptocurrency exchanges like Binance and Coinbase.
Bitrue Products and Features
Here are some standout aspects of Bitrue exchange:
Power Piggy
Staking
USDT Futures
Cryptocurrency Selection
Platform Security
Is Bitrue Beginner-Friendly?
The exchange is simple, beginner-friendly, and easy to use. It’s also feature-rich, making it attractive to experienced traders. However, Bitrue lacks educational material that could help beginners with information about crypto.
7. Indoex – Best for Trading Algorithms
IndoEX is a cryptocurrency exchange designed for experienced traders specializing in altcoins to buy and sell over 200 crypto assets.
- An extensive selection of cryptocurrencies
- Secure crypto wallet
- Technical analysis and charting tools
- 150 countries supported
- High-level customer support
- Not beginner friendly
- Complex user interface
IndoEX Products and Features
Here are some of the top products and features of Indoex:
Gox Compliant API
Cryptocurrency Selection
Altcoins
IndoEX Security
Is IndoEX Beginner-Friendly?
IndoEX is an advanced crypto trading platform tailored for experienced traders. The platform's strength comes from integrating algorithms and providing newer altcoins.
Educational materials are limited on the platform, however, customers can utilize the FAQ section to find solutions.
Honourable Mentions
Apart from these seven Coinbase alternatives we listed, two more platforms deserve honorable mentions.
Moomoo
This is a multi-asset online broker, the best-suited option for advanced traders. The platform features zero-commission trading, a powerful suite of professional tools, customer support, and access to the international market.
Webull
This is another zero-commission trading platform offering multiple tradeable instruments, best suited for intermediate traders. The company leverages technology to offer smart trade and investment options on the web and mobile applications. Trading on Webull is easy due to the simple and straightforward processes on the platform.
Coinbase Alternatives Fee Comparison
Below described are the transaction fees charged by crypto exchanges for trading cryptocurrencies. This will help you make a decision and get value for money.
| Brokerage | Trading Fees | Inactivity Fee | Withdrawal Fee | Minimum Deposit |
| Robinhood | $0 | $0 | $0 | $0 |
| eToro | $0 | $10 | $5 | $10 |
| Gemini | 0.5% - 3.99% | $0 | varies | $0 |
| Fidelity | $0 | $0 | $0 | $0 |
| Binance.US | varies | $0 | varies | $50 |
| Bitrue | 0.08% | $0 | varies | $0 |
| IndoEX | 0.15% | $0 | varies | $0 |
Coinbase Overview (Features and Products)
Coinbase is a leading cryptocurrency exchange listed on the NASDAQ where users can buy, sell, transfer and store cryptocurrencies.
This reputable exchange platform is user-friendly, modern yet simple, offering top-notch security and advanced trading features, including charting, live order books, and limit orders.
Customers can also earn rewards on Coinbase by learning about crypto- like how each crypto coin works through short videos and quizzes.
To get deep insights into cryptocurrencies and taxes, users can also access an extensive library of educational content available on Coinbase including videos, articles, tips, and market updates.
Why Are Investors Searching For Coinbase Alternatives?
Coinbase operates a costlier transaction fees structure, i.e. charging 1% on all cryptocurrency transactions. The trading costs add up considerably, especially when you want to invest large amounts.
In addition to this, Coinbase also has a limited portfolio of cryptocurrencies compared to other platforms. Therefore, customers who desire to diversify their portfolios must look to other platforms.
Lastly, it takes 3 - 5 days to buy crypto for US customers using the ACH bank transfer system which deters investors who would like to trade volatile markets.
So What Is the Best Coinbase Alternative?
Coinbase is a popular cryptocurrency exchange that provides investors with over 150 coins to trade, beginner-friendly, and prospective investors use it as an on-ramp platform for crypto investing.
Robinhood and eToro are similar to Coinbase in terms of reliability and beginner-friendliness. However, eToro offers copy and social trading features, which takes a lot of complexity out of margin trading. They also have multiple tradeable instruments like stocks, commodities, and Bonds, unlike Coinbase.
Binance, on the other hand, offers a richer experience and an inexpensive way to trade crypto. Read our comprehensive reviews as described above for the other Coinbase or crypto.com alternatives.
