A comprehensive analysis of the best Coinbase alternatives
Download this app from Microsoft Store for Windows 10, Windows 10 Mobile, Windows 10 Team (Surface Hub), HoloLens, Xbox One. See screenshots, read the latest customer reviews, and compare ratings for Crypto Chart. CryptoEdit is a program to create and edit protected (encrypted) documents in standard TEXT, RTF and RTFD (with images) format. It saves documents on disk always as blowfish encrypted and is the.
Shockingly, there are over 254 different cryptocurrency exchanges trading a combined market capitalization over $300 billion. But what exactly is a crypto exchange? In short, it’s a business that acts as a marketplace where buyers and sellers can come to exchange digital currencies for fiat money or other digital currencies. For some investors, the exchange also doubles as a coin tracker and digital wallet.
Coinbase: A Quick Overview
In recent years, Coinbase has risen to the top of the digital currency exchange pack. Coinbase offers something for everyone, making the job of buying, storing, and selling cryptocurrencies relatively straightforward. Headquartered in San Francisco, the company has even forged partnerships with businesses, most notably Overstock and Dell.
Not everyone is sold on Coinbase. This leading exchange has run into a host of problems that may cause some to be wary. In March 2018, the news organization Quartz reported a doubling of customer complaints against the exchange giant. More recently in June of 2019, the exchange’s servers crashed, sending Bitcoin price plummeting $1,400 within minutes. If these problems weren’t enough, the IRS hit 10,000 Coinbase customers with warning letters regarding federal tax law transgressions.
Modern investors know that exchange fees are an important component of a successful trading strategy. Exorbitant fees can squeeze profits from each trade. As of this writing, Coinbase charges a spread of 0.50% on the buying and selling of cryptos, plus additional fees that can go as high as a whopping 4%, shown below.
Users are not shying away from expressing their dissatisfaction with Coinbase. a Twitter trend started back in March of 2019 with the hashtag #DeleteCoinbase after the exchange announced its acquisition of Neutrino, a software organization that was founded by a team of well-known hackers and spy-wear developers.
The company is also facing a negligence suit for Bitcoin Cash’s launch back in 2017, with accusations of insider trading and manipulation. With these disadvantages in mind, many investors are starting to look for other exchanges.
Coinbase Alternatives: What to Consider?
There are several factors to considerwhen choosing an exchange. While fees are a key consideration, they aren’t theonly dimension to examine.
- Fees,commissions, exchange rates
- Easeof use
Try beginning from the top, going down the list one by one as you consider an exchange.
For example, increasing regulatory pressure has forced many exchanges to stop supporting US-based customers. If an exchange is available, consider if it has the necessary security in place to all-but-guarantee your precious coins won’t vanish. After that, make sure the exchange is held in high regard and that it trades the cryptocurrencies you want to deal in. Last, but certainly not least, consider the fees imposed by the exchange. Low fees equal more money in your pocket.
Top 7 Coinbase Alternatives
With the above guidelines in mind, we have selected five exchanges that every savvy investor should consider. They are:
- Liquid – Best up-and-coming
- Gemini – Best for institutions and whales
- Binance – Best for volume & crypto options
- Bitstamp – Best for overall lowest fees
- Kraken – Best for trading tools provided
- BitMEX – Best for margin traders
- IDEX – Best DEX
Let’s dive into each exchange, the prosand cons, and the fee structures.
This Japan-based exchange has had an impressive record so far. In just a span of two years, Liquid achieved “high liquidity” status, by clocking in over $250 million in daily trading volume, all whilst not yet serving the US market. The company has an impressive roadmap and focuses on regulatory compliance.
+ Competitive fees
+ Margin trading of up to 100x
+ 80+ cryptos, +200 trading pairs
+ Regulatory compliance
- Mobile app available on iOS and Android and is fully functional. You can execute margin trades, view your balances and look at charts
- Liquid exchange is scheduled to launch its US-based entity in 2020
Besides not being available for US residents, it is difficult to find any cons for Liquid. The exchange has listed over 80 different cryptocurrencies to trade from, has competitive trading fees, offers margin trading, fully functional mobile app, and is fully licensed and compliant in Japan, the company’s headquarters.
Full throttle growth seems to be the name of the game. Once Liquid launches in US markets, it is very easy to imagine it leading the board in terms of trading volume. It’s UI and features appeal to both beginners and more advanced traders.
This US-based exchange founded by the Winklevoss twins was the first fully regulated exchange, an important step towards legitimizing cryptocurrencies world-wide. The exchange trades in the following cryptos: Bitcoin, Ethereum, Ripple, Litecoin, Zcash, and Bitcoin Cash.
+ Good security measures
+ Discounts up to 0% for volume traders
+ Regulation equates to trust for many investors
– Relatively low 30-day volume
– Available in limited markets
– No margin trading
– A limited list of cryptocurrencies (6 total)
- ACH bank transfers are limited to a maximum of $500 a day
- Mobile App available for iOS and Android
- Can create different account levels and API access permissions (Administrator, Manager, Trader, Auditor)
Despite being on the high side of fees, Gemini does a great job when it comes to deposits and withdrawals. In addition, trading fees decrease the more your trade within a 30-day period. Starting from 0.25% for under 1,000 BTCs to 0% when your total monthly trading volume reaches 5,000 BTCs or 100,000 ETH.
Gemini Seems to be the best fit for larger institutions or for the lack of a better term, crypto whales. Being headquartered in the United States, and their strong commitment to regulatory compliance makes Gemini one of the safest cryptocurrency exchanges to trade on.
This exchange launched back in 2017 and quickly became one of the largest exchanges by adjusted trading volume. With more than 160 cryptocurrencies to trade and over 500 trading pairs, Binance, by far offers the largest selection. It is headquartered in Malta and works closely with the Maltese government to ensure regulatory compliance.
+ Over 160 Cryptocurrencies
+ High liquidity
+ Mobile and Desktop apps
+ No deposit or withdrawal fees
+ Competitive fee options with BNB token
– Limited advanced trading tools
– Shaky reputation after the recent hack
– 2 BTC daily withdrawal limit for unverified users
- No KYC required to start trading
- Launching a separate exchange for US citizens which will dilute liquidity
- Runs a successful IEO launchpad (initial exchange offering)
- Has a DEX (decentralized exchange)
Binance is a strong contender for being the number one Coinbase alternative. It exceeds all the other exchanges by trading volume and by the number of cryptocurrencies offered. In addition, buying BNB (the native exchange token) allows users to get a 25% trading fee discount. It is unknown, however, how long this promotion will last.
This Luxembourg-based exchange has wonhearts and minds since its inception in 2011. Bitstamp is considered one of thetop four exchanges and is Europe’s oldest cryptocurrency exchange. The exchangetrades in the following coins: Bitcoin, Ethereum, Ripple, Litecoin, and BitcoinCash.
+ Low, transparent fees
+ Good reputation and strong security
+ Several fiat deposit and withdrawal methods
– Relatively low 30-day volume
– Limited markets (EU focused)
– No margin trading
– A limited list of cryptocurrencies (5 total)
- Fiat withdrawals take around 2-3 business days
- Average response time for support tickets is 24-72 hours.
- You can fund your account via wire-transfer or a credit card.
- Mobile app is available for iOS and Android devices.
While not perfect, given its limited market reach, low volume, and list of only 14 crypto pairs, this is still a strong alternative to Coinbase. Particularly because of its relatively low fees, and most notably, free cryptocurrency deposits and withdrawals. Meaning that you can send your crypto here to test out the platform without incurring any costs.
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Another of the oldest and mostrecognizable exchanges, Kraken was created in 2011 and has continued to growthrough funding the past eight years. This exchange trades in the major coinsand a slew of other minor coins.
+ Perfect security record
+ Serves over 200 countries
+ Margin trading up to 5x
+ Good for trading altcoins (20 cryptos total)
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– No mobile app
– Complicated fees structure
– Does not support credit card crypto purchases (not that it’s a good idea to do so)
- Advanced charting & trading tools are available on Kraken Pro.
- Can fund account with 5 different fiat currencies (USD, GPB, JPY, EUR, CAD)
- No KYC for the Starter tier
Depending on your geographical location and charting tool requirements, trading on Kraken might be best suited for you.
BitMEX is one of the first exchanges to offer margin trading for Bitcoin. Launching back in 2014, the exchange now offers 9 different cryptocurrencies to pick from. Users can only margin trade on BitMEX, meaning that you cannot buy Bitcoin directly from their platform. In order to deposit funds, you’ll need to first use a fiat to crypto exchange, then transfer your Bitcoin to your BitMEX account.
+ Up to 100x leverage
+ High liquidity
+ Advanced trading tools and charts
+ Supports anonymity
– Platform sometimes overloads
– Restricted for US users
– Difficult user-interface to learn
- No KYC required
- US restriction can be bypassed by VPN (we do not condone users to attempt this)
- Contracts do not expire
Although BitMEX and Coinbase are targeted towards different types of users, it is worth exploring whether BitMEX is the right exchange for you. users who are looking to trade cryptocurrencies with leveraged positions should look no further. With a whopping 100x leverage on Bitcoin and up to 50x on Ethereum, BitMEX is the best choice for high-risk traders and degenerate gamblers.
Bonus: Coinbase DEX Alternative
A decentralized exchange (DEX) is a type os cryptocurrency exchange where buyers and sellers exchange cryptos directly, without a third-party acting as an escrow and holding the coins being traded. This peer to peer protocol empowers users by eliminating the need for a middle man to control your private keys. As the saying goes, “not your keys, not your crypto”.
As of today (08/09/2019), 56% of all DEX transactions occur on IDEX. This makes this decentralized exchange a clear market leader. The runner up in terms of trading transactions is Kyber Network with 12% market share. IDEX utilizes Ethereum smart contracts and support stop and limit orders.
+ Most liquid DEX
+ Competitive fees
+ Available worldwide
+ Supports anonymity
+ Over 400 cryptocurrencies pairs
– Only ERC-20 tokens
– Crypto deposits only
– ETH-based trading pairs
– Low volume compared to centralized exchanges
- Allows users to cancel trades without wasting gas
- Can trade directly from ledger wallets
- Withdrawals of up to $5,000 USD per day for unverified users
With exchange hacks becoming commonplace, users should start taking into consideration DEXs as alternative options. If we buy and sell decentralized cryptocurrencies, why are we not doing so on decentralized exchanges?
Overall: What Is the Best Coinbase Replacement?
Binance is without a doubt the top contender for Coinbase. Users globally agree with this conclusion as the exchange is number one in terms of verified trading volume. With more than 160 cryptocurrencies and over 500 trading pairs, it should scratch all your crypto itches.
Even though the exchange recently suffered from a hack resulting in 7,000 Bitcoins stolen, Binance refunded all their users and promised to increase their security measures. They are also working on building their own decentralized exchange to compete with IDEX, and recently started offering leverage trading options to compete with BitMEX.
Track Your Crypto Portfolio
Whichever exchange you decide on, you’ll be able to track your investments with Crypto Pro – The all-in-one cryptocurrency tracker. Our API import feature allows you to connect to 60+ exchanges and automatically pull in your balances and populate your portfolio(s).
Stay in Touch
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According to RBC and Tensor, in 2019, 4.6 million certificates of qualified electronic signatures (CEP) will be issued in Russia . It turns out that out of 8 million registered IP and LLC, every second entrepreneur uses an electronic signature. In addition to CEP for USAIS and cloud CEP for the delivery of reports issued by banks and accounting services, universal CEP on protected tokens are of particular interest. Such certificates allow you to log in to government portals and sign any documents, making them legally significant.
Thanks to the CEP certificate on USB-token, you can remotely enter into an agreement with a counterparty or remote employee, send documents to the court; register an online cash register, settle tax arrears and submit a declaration in your personal account on nalog.ru; learn about debts and upcoming checks on state services.
The manual presented below will help to work with CEP under macOS – without studying the CryptoPro forums and installing a virtual machine with Windows.
What you need to work with CEP under macOS:
Install and configure the CEP under macOS
1. Installing CryptoPro CSP
2. Install drivers Rutoken
3. Installing certificates
3.1. Delete all old GOST certificates
3.2. Installing root certificates
3.3. Download certificates of certification center
3.4. Install the certificate with Rutoken
4. Installing a special browser Chromium-GOST
5. Installing browser extensions
5.1 CryptoPro Digital Signature Browser plug-in
5.2. Plugin for State Services
5.3. Configuring the plugin for public servicesScreenshot
6. We check that everything works
6.1. Go to the test page CryptoPro
In the address bar of Chromium-Gost we type:
The “Plugin loaded” should be displayed, and your certificate will appear in the list below.
Choose a certificate from the list and click “Sign”. The certificate PIN will be requested. As a result, the following should be displayed
6.2. Go to the Personal Cabinet on nalog.ru
The links from the site nalog.ru may not work, because Will not pass checks. You need to go through the direct links:
When authorizing, select 'Sign in with an electronic signature.' All certificates, including root and CA, will be displayed in the 'Select certificate of electronic signature key' list that appears, choose your one with a usb token and enter a PIN.
7. What to do if it stopped working
Reconnect the usb-token and check that it is visible using the command in the terminal:
Clearing the browser’s cache all the time, for which we type in the address bar of the Chromium-Gost: Preview for mac.
Reinstall the CEP certificate using the command in the terminal:
Changing the container PIN
The default PIN for Rutoken 12345678 cannot be left in this form. PIN code requirements Rutoken: 16 characters max., May contain letters and numbers.
1. Finding the name of the CEP container
. Several certificates can be stored on the usb-token and in other storages, and you need to choose the right one. When the usb-token is inserted, we get a list of all containers in the system with the command in terminal:
Command must withdraw at least 1 container and return
The container we need looks like
. Aktiv Rutoken lite XXXXXXX
If there are several such containers displayed, it means that several certificates are written on the token, and you are aware of what exactly you need. The value of XXXXXXXX after the slash must be copied and substituted into the command below.
2. Change the PIN command from terminal
where XXXXXXXX ] XXXXXXXX ] XXXXXXXX
container received in step 1 (required in quotes).
A CryptoPro dialog will appear asking for the old PIN to access the certificate, then another dialog to enter the new PIN. Done.
Text files in MacOS
In macOS files, you can sign in CryptoArm software (license cost 2500 = rub.), Or by a simple command via terminal - for free.
1. Finding the CEP certificate hash
There can be several certificates on a token and in other repositories. It is necessary to uniquely identify the one with which we will continue to sign documents. It is done once.
The token must be inserted. We get the list of certificates in the repositories by the command from terminal:
The team must print at least 1 certificate of the type:
Certmgr 1.1 © Crypto-Pro, 2007-2018.
program for managing certificates, CRLs and stores
= = = = = = = = = = = = = = = = = = = = =
Issuer: E = help @ esphere.ru, .. CN = LLC KORUS Consulting CIS ..
Subject: E = sergzah @ gmail.com, .. CN = Zakharov Sergey Anatolyevich ..
SHA1 Hash: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Container: SCARD rutoken_lt_00000000 0000 0000
= = = = = = = = = = = = = = = = = = = = =
The certificate we need in the Container parameter must have a value of the form SCARD rutoken .. . If there are several certificates with such values, then several certificates are written on the token, and you know exactly which one you need. The value of the parameter SHA1 Hash (40 characters) must be copied and substituted into the command below.
2. Sign the file with the command from terminal
At the terminal, go to the directory with the file for signing and execute the command:
where XXXXX .. - certificate hash obtained in step 1, and FILE - the name of the file to sign (with all extensions, but no path).
The command must return:
Signed message is created.
An electronic signature file with the extension * .sgn will be created - this is the detached signature in the CMS format with the DER encoding.
3. Installing Apple Automator Script
In order not to work with the terminal each time, you can install Automator Script once, with which you can sign documents from the Finder context menu. To do this, download the archive - download .
- Unpack the archive ‘Sign with CryptoPro.zip’
- Starting Automator
- Find and open the unzipped file ‘Sign with CryptoPro.workflow’
- In the Run Shell Script block, we change the text NXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- Save the script: ⌘Command + S
- Run the file ‘Sign with CryptoPro.workflow’ and confirm the installation.
- Go to System Preferences -> Extensions -> Finder and check that Sign with CryptoPro quick action is checked.
- In the Finder, we call the context menu of any file, and in the Quick Actions and / or Services section select the Sign with CryptoPro
- In the CryptoPro dialog that appears, enter the user PIN from CEP
- A file with the extension * .sgn appears in the current directory - the disconnected signature in the CMS format with the DER encoding.
Apple Automator window:
Cryptopro For Mac Os 10.13
System Preferences:  e-mailing code ]
Cryptopro Mac Os X
Verify the signature on the document
If the content of the document does not contain secrets and secrets the easiest way is to use the web service on the portal Gosuslug - https://www.gosuslugi.ru/pgu/eds. Так можно сделать скриншот с авторитетного ресурса и быть уверенным что с подписью все ок.