However, there are some good alternatives to Coinbase, each with its own advantages and disadvantages. For example, if you want to use your debit/credit card to deposit real-world money, you will have to pay about 4% in transaction fees! Which is unfortunate for those who are looking to make their first cryptocurrency purchase using a bank card. This is a small selection when compared to other exchanges.Ĭool fact: There are now more than 1,500 cryptocurrencies in total!Īnother reason why people are now looking for alternatives to Coinbase is that their fees are high. These are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). The first thing is that there are only 4 different coins that you can buy and sell. However, it does have its disadvantages, which is why people search for alternatives to Coinbase. The fact that Coinbase allows users to purchase cryptocurrency using their bank card makes it very easy for beginners who are purchasing cryptocurrency for the first time. This is how they can process so many orders.

Cryptocurrency broker exchanges do the same thing!Ĭoinbase sells more Bitcoin than any other exchange and keeps a very large amount of Bitcoin and USD in reserve. If you wanted to buy some shares in Apple, you wouldn’t be buying them directly from the company, would you? Instead, you buy them from a broker.įor brokers to make money, they charge you a fee for processing your trade. Broker exchanges allow you to buy and sell coins for Fiat currency directly on their website. If you’re interested in buying cryptocurrency with your bank card, you will not be able to do this without using a broker exchange. So, let’s start by finding out more about Coinbase and what they do! This will include their fees, deposit and withdrawal methods, security and some of the coins that they have available.īy the end of this guide, you will have a good understanding of some of the best alternatives to Coinbase. We will then give you some alternatives to Coinbase and explain some of the advantages and disadvantages of using them.

This guide will give you a quick introduction about Coinbase and why it is so popular. So, it's important for users to know which exchange is best for them. Why? Well, cryptocurrencies have become incredibly popular now and there are over 100 different exchanges to choose from. However, they only sell to 32 countries and offer just 4 different coins!īecause of this, we thought it would be a good idea to give you some alternatives to Coinbase. The reason Coinbase is so popular is that they make it simple for all users to use their debit/credit card or bank account to buy coins. (That’s more than the total population of Belgium!) Well, you have probably heard of Coinbase - a broker exchange with more than 13 million customers. So, you’re looking to start buying, trading or selling cryptocurrency on an exchange… but you’re not sure where to go?

Coinbase transaction fees credit card