Coinbase is a cryptocurrency exchange you use when buying and selling popular coins like Litecoin, Bitcoin, etc. However, that does not mean you can buy any coin from Coinbase. Although over 90 different types of cryptocurrencies are supported, there are still many more that are not. It is important to note that there are thousands of cryptocurrencies worldwide. But this platform only allows you to trade the most popular ones to ensure a smooth operation.
If you are looking for an exchange where you can trade with cryptocurrency with low fees, look for one that is secure. Many cryptocurrency traders want to be sure that they are using the most affordable but secure exchanges. For that reason, pay attention to the trading platforms that you choose and find the best Coinbase Alternatives.
There are several Coinbase alternatives out there other than Coinbase that offer lower fees. Read more to get insight into cryptocurrency trading. It is important to understand the alternatives more before you begin investing in them.
One of the things you should know while trading in Bitcoins is that whereas there are alternatives to Bitcoin exchanges, they do not last for long. They could be currently cheaper, but they are all susceptible to changes. As a result, they may not remain that way for long, but it is important to list for you know some of the alternatives.
Other Coinbase Alternatives
Uphold is a US-based secure exchange available for both local and international users except for Hawaii residents. It supports access to cryptocurrency for those who want to buy, sell, or deposit in various currencies using this medium. It also offers equity investments for both US and European investors. The exchange also supports US investors who want to buy Ripple but cannot buy AMP or Gitcoin and Golem, among others. But it supports the use of a debit card. The main features of Uphold include:
- Free storage of all currencies
- Low fee currency exchange
- Instant money transfer
- Privacy protection
- Allows for instant payments by businesses to their workers
Cash App is one of the easiest and the fastest Coinbase alternatives where you can trade with Bitcoins. The app accepts to integrate with your bank account or your debit cards to begin trading in Bitcoins. You can access the app either on your PC or your mobile phone, and you can use it to trade in up to $100000 per week in Bitcoins. Also, the app offers you an opportunity to earn waitlist reward points with your debit card of the earlier purchased Bitcoins. The fee ranges from one to three percent depending on the size of your order, with the larger orders being cheaper than, the smaller ones. Some key features include:
- The main features of this exchange include:
- One of the fastest ways to send and receive
- Easy to buy and sell Bitcoins
- No fee for sending or receiving money
- Straightforward reimbursement process
- Allow investment in stocks with no commission fees.
River financial is not an old exchange but one of the best Coinbase alternatives, and it focuses on building a full range of services related to buying and selling Bitcoins. While it is not as easy to operate as the Cash App, it is outstanding among the many in that it offers the investor a wide range of services. These services include:
- Lightning speed networks that allow you to deposit and withdraw your Bitcoins through the exchange
- The services are either free or close to free
- It allows you also to integrate your hardware wallet
- Allows you to set auto-recurring Bitcoin buys
- Has its minimum buy like $100 using a US bank account
- Charges between 1% to 3% for buys and
- No Charges on withdrawals
How to Choose the Best Alternative to Coinbase for Your CryptoCurrency Trading
You already know there is more than one alternative to Coinbase, but how do you know how to choose the right one for you? The best alternative for Coinbase is the one that offers the following features:
Easy to Use
One of the things that should help you when you choose an alternative to a coin base is how easy it is to operate the alternative. You need a straightforward platform, as you do not want something that will give you problems once you choose to use it.
Another important feature to look for is how much each transaction is going to cost you. Suppose you can save a few coins in the transaction; the better for you. Some platforms will charge you as little as 0.50% per trade and less than 4% for a credit card.
It is important to choose your platforms wisely and ensure that you have one that is secure. One way of telling the exchange’s security has more than one verification step to ensure security.
Many other alternatives are not listed in this article, but that can help you, especially if you are new to trading with cryptocurrency. All you need is to learn everything about the trade before you begin the process.
I will dig deeper into the whole process and outline the steps I used to begin trading with Crypto