The cryptocurrency space is expanding day by day with the rise of better alternatives to the existing platforms. Here is Coinbase's aliter.
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Four best alternatives to Coinbase
Many people have had a difficult time with Coinbase recently. They can take a long time to verify new accounts, and they often experience downtime as a result of heavy server traffic.
Coinbase is one of the most popular platforms for buying cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more recently bitcoin cash. It’s based in San Francisco and was founded in 2012 by Brian Armstrong and Fred Ehrsam with the mission of creating an open financial system for the world — but it hasn’t been without issues — especially lately. Especially for people who get frustrated by the wait times to create accounts and verify new accounts.
So, what are some good alternatives to Coinbase? Let’s take a look at four of them:
Kraken is a popular name in the cryptocurrency industry, often used interchangeably with Coinbase. It was founded almost three years before Coinbase and they have a mission as well: “Kraken is a leading marketplace for major cryptocurrencies including Bitcoin and Ethereum trading, margin trading, OTC trading and one of the top platforms for in-depth crypto information.” Kraken has been a popular choice for altcoin trading in general. They have a large market share and have an easy-to-navigate interface. Their maximum withdrawal limit is USD 25,000 per day, but they provide low transaction fees as well as an Android app built specifically for the platform.
Circle is one of the largest peer-to-peer cryptocurrency platforms in the marketplace. They offer a variety of options for buying, selling, and storing cryptocurrency. Users can both buy and send Bitcoin as well as other cryptocurrencies like Ethereum, Litecoin, and others. They provide 3–2–1 insurance for all deposits which protect coins from unauthorized access, damage, or disappearance. The circle is gaining more popularity because of the way they handle digital assets and because they are a platform that provides more diversity to its users in their payment options — even a credit card payment option where your funds are immediately converted into cryptocurrency for use.
Uphold is an award-winning, Switzerland-based digital currency platform that offers a variety of exchange features and features. Users can deposit, trade, and withdraw QASH (QASH), Bitcoin (BTC), Ethereum (ETH), Ripple, Litecoin, and Dash. UPHOLD has a high level of security to keep users’ funds secure, as well as low fees. Their website states: “We’re more than happy to accept the responsibility for all your security needs.”
Binance is one of the most popular Bitcoin-based digital currency exchanges on the market. Founded in China, it began operations in July 2017, creating a record month for trading volumes in its first week with 400 percent growth. They are now the worlds’ largest Bitcoin exchange by volume. The website states: “We aim to provide users with a secure and enjoyable trading experience.” Unlike traditional exchanges like Coinbase which only offer a limited range of coins for trading, Binance offers a wide variety of coins and features options to trade using several different methods. Binance is analogous to Coinbase Pro in the admiration that you can trade crypto pairs. However, the latter has additional trade options.