Coinbase is easily one of the most popular crypto exchanges in the world. Not only is its interface very intuitive and easy-to-use, but it allows you to buy crypto with fiat. While it is somewhat limited when it comes to the variety of cryptocurrencies it has to offer, it is incredibly beginner-friendly. In this guide, we are going to be looking at alternatives to Coinbase. What other exchanges are out there which are as easy to use and straightforward as Coinbase? Let’s take a look.What makes for a good crypto exchange?
An exchange forms a critical component of the crypto ecosystem, acting as a portal between the fiat world and the crypto world. When it comes to exchanges, there are two kinds out there:Fiat-to-crypto: Buy cryptocurrencies in exchange for fiat, like Coinbase. Crypto-to-crypto: Use the more popular cryptos (like Bitcoin and Ethereum) to buy other cryptocurrencies, like Binance.
So, before we look for alternatives, let’s look at what makes for a good exchange.Manageable Fees: All exchanges charge fees on every transaction made. You must monitor these fees to make sure that you are getting the best deal possible. These fees can get out of hand if you are looking to transfer large amounts of money. Maximum Caps: Many exchanges impose a maximum cap of the deposits and the number of cryptos a user can buy. Also, it is important to know how much transaction volume an exchange can handle. Credibility: Probably the most important factor. Please always make sure that the exchange that you are dealing with has a good and reputable track record. Why would you want an alternative to Coinbase?
While Coinbase still maintains its status as one of the most prominent Bitcoin exchanges in the world, there are a lot of issues that its users have been facing which has left a bad taste in their mouths.High Fees: Coinbase has received a lot of complaints due to its fee structure. They have been accus...