Coinbase is one of the most widely used centralized exchanges (CEXs) for digital assets, having launched in May 2012. It offers a trusted platform for traders and investors, with a robust set of features. However, for those seeking alternatives, this list highlights the 10 best Coinbase alternatives, evaluated based on security, liquidity, and user experience.
Top 10 Coinbase Alternatives
- Kraken – A secure, regulated exchange with strong fiat on-ramp options
- Binance – The most popular CEX, offering deep liquidity and low fees
- KuCoin – A top exchange for early altcoin listings
- Uphold – User-friendly with multi-asset support
- Crypto.com – Strong US market support
- Bybit – Leading derivatives exchange with advanced features
- PrimeXBT – High-leverage margin trading platform
- MEXC – Focused on new token listings and futures trading
- Bitget – Known for copy trading and liquidity
- OKX – Offers futures, staking, and DeFi integrations
Detailed Breakdown of the Best Alternatives
1. Kraken – Best Overall Alternative
Founded: 2011
Key Features:
- Proof of Reserves
- Advanced trading tools
- Regulated derivatives markets
Pros: - Strong security track record
- Low fees compared to Coinbase
Cons: - Fewer trading pairs than Binance
2. Binance – Most Liquid Exchange
Founded: 2017
Key Features:
- Over $10B daily volume
- Supports 1000+ trading pairs
Pros: - Lowest fees in the industry
- Web3-compatible ecosystem
Cons: - Restricted in some regions (US, UK)
3. KuCoin – Best for Altcoins
Founded: 2017
Key Features:
- 800+ cryptocurrencies
- Copy trading
Pros: - Early access to new tokens
- Competitive fees
Cons: - Past security breach (2020)
FAQs
Q: Which exchange has the lowest fees?
A: Binance and Bybit offer the lowest trading fees (0.1% or less).
Q: Is Kraken better than Coinbase?
A: Yes, for advanced traders—Kraken offers lower fees and derivatives.
Q: Can I use Binance in the US?
A: No, but Binance.US is a restricted alternative.
Final Thoughts
Each exchange caters to different needs—whether it’s low fees (Binance), security (Kraken), or altcoin access (KuCoin). For a comprehensive guide on crypto trading, explore our full comparison of CEX vs. DEX.