6 Best Coinbase Alternatives in 2024 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Kraken – Crypto Trading for Beginners & Advanced Traders

The Kraken crypto exchange gives users 200+ crypto assets. Additionally, users can access high-risk options such as margin trading, leverage on trades, and even stake assets to earn interest in return. 

Meanwhile, the regular Kraken trading account will charge users a standard 1.5% trading fee for crypto assets and a 0.9% fee for stablecoins. The cheapest payment method is a bank transfer, which only costs 0.50% per transaction.

However, users may be charged an additional 3.75% when investing in cryptos with credit/debit cards or e-wallets. 

With Kraken Pro, advanced traders can access active charts and advanced open order options on the mobile app and web interface. The Kraken Pro platform charges users a simple maker/taker fee per transaction. 

If the 30-day trading volume is below $50,000 – users must pay a maker/taker fee of 0.16%/0.26% per transaction. 

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3. Gemini – Store Crypto Safely 

Gemini crypto exchange is one of the best Coinbase alternatives for users looking to begin trading in digital assets. With Gemini, investors can buy, sell, and trade over 50 digital assets. Users can access 21 trading pairs and conduct P2P transactions on the platform. 

With the Gemini digital wallet, users can store all cryptos offline – which is only accessible by a private key that the user holds. Gemini keeps most of its assets in cold storage, preventing digital assets from hacking online. Furthermore, the platform prides itself on being one of the few platforms that have never been successfully hacked. 

Gemini offers an active trader platform – which supports complex charts and technical indicators to assist day traders and skilled investors. These tools can be accessed online and through the Gemini mobile app. 

In terms of fees, Gemini offers a complex pricing structure. The fees on Gemini’s standard platform are higher than those on Coinbase. Trades under $200 are subject to a fixed fee. For example, users must pay between $0.99 to $2.99 on transactions under $200. 

All transactions over this threshold are met with a 1.49% trading fee. Buying cryptos with debit cards is met with a high trading fee of 3.49% on Gemini. 

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4. CEX.io – CFD Broker to Invest in Cryptos

CEX.io is a cryptocurrency exchange platform based in London with over 4 million users. This crypto trader lets users trade over 110 cryptocurrencies and access over 225 trading pairs. 

Thus, users can access fiat-to-crypto transactions and purchase cryptocurrency directly with GBP and USD. The platform also gives users access to CEX.io Broker – a more advanced marketplace to access advanced charts and carry out more trading types. 

For example, users can apply up to 2x leverage on crypto transactions with CEX.io Broker. Users can make long and short crypto trades since the CEX.io Broker platform is a CFD (contracts for Differences) brokerage. 

CEX.io charges a maker/taker model simultaneously at 0.15% and 0.25%. When purchasing with VISA and MasterCard, a fee of 2.99% and a minimum deposit of $20 are applicable. However, users can deposit fiat currencies with a bank transfer and not pay any fees. 

CEX.io is currently on the Financial Conduct Authority’s (FCA) temporary registration scheme, making operating legally unauthorized in the UK. 

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5. Crypto.com – Stake Cryptos to Earn Interest

Another Coinbase alternative for 2024 is Crypto.com. This crypto exchange provides multiple earning opportunities through its mobile-friendly application. With Crypto.com, users can invest in 250 + tradable assets instantly.

The Crypto.com earn feature lets users lock up their crypto holdings for a minimum of 3-months to earn interest in return. Depending on the user’s holdings, up to 12.5%, APY can be made by staking crypto assets.

Crypto.com lets users invest in CRO – the platform’s native token.

Users with certain CRO holdings can earn 2% additional interest on stakings. Crypto.com charges a simple maker/taker fee when purchasing cryptocurrencies – beginning at 0.40% per transaction.

However, payment options may lift the transaction costs. For example, buying crypto with credit cards adds a 2.99% transaction cost per transaction. Alternatively, users can take out a Crypto.com VISA card. This provides 5% to 8% cashback when purchasing digital assets on Crypto.com.

Crypto.com also provides credit and loans on cryptocurrencies, a feature not all crypto exchanges possess. Furthermore, users can buy and sell NFTs with the Crypto.com NFT marketplace, accessible through the app. 

What We Like 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

6. BitStamp – Advanced Trading Platform 

BitStamp is a popular cryptocurrency exchange that traders can choose as an alternative to Coinbase.

This platform is designed for proficient traders who seek a sophisticated trading platform with multiple charting options and trading strategies. The platform provides access to TradingView, an advanced screener that enables users to apply hundreds of technical indicators to improve their trades.

By providing multiple API capabilities, BitStamp allows users to customize their suitable programs and tailor them to an individual’s unique workflow. BitStamp has also installed a robust data encryption policy to ensure users’ assets are safely stored online. 

Over 4 million users currently access 70 + cryptos with BitStamp. The crypto exchange charges a trading fee beginning at only 0.50% – when the 30-day trading volume is below $10,000. 

However, payment methods are slightly hefty on BitStamp. A credit card fee of 8% is applied on small transactions, which reduces to 5% with increased trading volume. 

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