After analyzing over 30 regulated platforms in the US, we found that Uphold is the best overall alternative to Coinbase. Their exchange offers more crypto assets (250 vs 170), lower fees (0% vs 0.6%) and access to invest in metals like Gold and Silver. Uphold is also one of the most trusted exchanges in the United States that is regulated and licensed by FinCEN and provides a transparent daily audits showing proof-of-reserves.
Another advantage of Uphold is its easy-to-use platform, which includes a user-friendly interface and convenient mobile app. Finally, Uphold's commitment to transparency and security has earned it a reputation as a trustworthy and reliable exchange. These features make Uphold a compelling choice for anyone looking for a Coinbase alternative.
eToro is another popular alternative to Coinbase that is best known for being a multi-asset trading platform in the USA. Their unique advantage over Coinbase is that the offer over 3,700 assets including stocks, ETFs, crypto assets (70+), commodities, currencies and much more. With respect to fees, we found that eToro was also slightly cheaper than Coinbase & charged an average of 0.5% in their spread - compared to Coinbase at 0.6%.
eToro also offers a social trading platform that allows users to copy the trades of successful traders, making it an ideal choice for beginners who may not have the expertise to make their own trading decisions. This can be a great way to learn about the markets and also find portfolio ideas with minimal effort. Finally, eToro is regulated in the US by FINRA & compliant with all applicable federal and state regulations.
Public.com is considered the best alternative to Coinbase for users who are interested in investing in both cryptocurrencies and traditional assets, particularly treasury notes. Unlike Coinbase, Public.com allows users to trade not only cryptocurrencies but also treasuries and stocks commission-free. This means that investors can access to 3-Month, 6-Month and other US Treasury Notes to earn a yield on the same platform they can buy Bitcoin, Ethereum & other assets.
Another advantage of Public.com is that it offers a social investing platform that enables users to follow and learn from other investors. This feature can be especially useful for new investors who want to get started in the markets but are not sure where to begin. Finally, Public.com is a registered broker-dealer with the US Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), which means that it is a trustworthy and reliable platform for investors.
If your favourite feature of crypto and Coinbase is being able to spend your digital assets with a real-world debit card, then Crypto.com is the option for you. Their platform offers more assets than Coinbase with over 200 coins that you can buy, sell, stake or exchange. They also offer lower fees than Coinbase, with some trades costing as little as 0.2%.
In addition to its crypto debit card, Crypto.com offers a wide range of other features and benefits that make it a compelling alternative to Coinbase. For example, Crypto.com offers staking rewards and cashback incentives for using its platform and services, which can help users earn more cryptocurrencies and save money on fees. Crypto.com also offers a wide range of crypto assets for trading and investing, including many smaller and lesser-known coins that are not available on Coinbase.
Kraken is considered the best institutional alternative to Coinbase because it offers white-glove services for institutional investors, hedge funds and other high-net worths. Kraken's institutional-grade trading platform offers advanced features such as customizable order types, margin trading, and over-the-counter (OTC) trading for large block trades.
It also offers access to a wide range of crypto assets and trading pairs, including many that are not available on Coinbase. In addition, Kraken offers institutional-grade security features, such as multi-factor authentication (MFA), cold storage, and audit trails, which can help protect users' assets and data. Kraken is also regulated and licensed in multiple jurisdictions, including the United States, Canada, and Europe, which means that it is compliant with all applicable laws and regulations.
This research regarding the best alternatives to Coinbase was based based on various factors such as the range of assets available, fees charged by the platform, user-friendliness, and security measures implemented by each platform.
The chosen alternatives were evaluated to determine which offered unique features, better overall user experience, and lower fees. Each platform's tailored use-case and advantage over Coinbase were also considered to ensure that users find the best alternative platform to suit their needs.
To wrap up, we have summarized the 5 best alternatives to Coinbase and what advantages each platform has to the USA's leading crypto broker. The top five alternatives, Uphold, eToro, Public.com, Crypto.com, and Kraken, were evaluated based on these criteria, and their unique features and advantages over Coinbase were highlighted.
To that end, investors and traders in the United States have a variety of choices when it comes to cryptocurrency exchanges. While Coinbase is a popular option, the alternatives we have outlined offer lower fees, more assets, and unique features that may better suit users' needs.