Home Business Insights & Advice Best coinbase alternatives for UK crypto users

Best coinbase alternatives for UK crypto users

by John Saunders
16th Feb 22 5:28 pm

Coinbase is not the best crypto exchange available out there. It has a limited number of coins and a higher trading fee. Hence, if you are interested in serious trading, then you have to move away from the exchange and try something else. So the question is, what are the best coinbase alternatives for UK crypto users? 

To help you out with this question, I have handpicked some of the top crypto exchanges which offer you a wide range of cryptocurrencies. Plus, it has a lower trading fee compared to coinbase. 

So let’s go and check them out: 

Top coinbase alternatives for UK crypto users

1. Binance

Binance is said to be the largest crypto exchange available out there. Binance is a suitable solution for both advanced and beginner investors and traders. The best part of Binance is that it offers lower trading fees compared to most exchanges out there. Also, it offers you 250+ cryptocurrencies to trade globally. Plus, newer coins are being added to the platform from time to time. You will also enjoy a bunch of trading features with Binance. Plus, it offers you an impressive collection of market charts. 

With a single platform, you can trade in different instruments such as spot market, options and futures. Also, it supports different order types. In case you want to buy or sell NFTs, there is an NFT marketplace.  You can deposit funds through a wide range of funding methods. For instance, you can deposit money through P2P protocol, debit or credit card, cash balance, third party payment, etc.  

Binance charges 0.0750% as a maker and taker fee. The fee gets reduced depending on your volume of trades. You can learn more about it on the Binance fee rate page.

2. Kraken

Kraken is another popular cryptocurrency exchange that UK users can use. The exchange allows you to buy and sell various crypto assets like Bitcoin and Ethereum. Apart from these two, you can trade in 100 different coins globally at competitive fees. The exchange also supports trading at current market rates and crypto futures. Also, it is highly trustable. Since it is one of the largest and oldest crypto exchanges that launched in 2011. 

Kraken offers a great experience to both beginner and advanced traders. And managing your crypto portfolio on Kraken is straightforward. It shows you a simple graph that displays your investment allocation and total balance. Also, you will easily be able to review the value of each investment and its % of your portfolio. There are lots of other features that make both trading and investing easy for you. 

Getting started with the platform is also an easy process. All you have to do is create an account and complete the verification process. After that, you can fund your account using your local currencies like EUR, GBP, USD, CAD, AUD, CHF, and JPY. And you are all set to make your first trade.

3. ByBit

Bybit is also one of the top crypto exchanges that offer you a wide range of advanced trading tools. Along with that, it offers top notch security and no downtime commitment. The best part of the exchange is that it allows you to trade cryptocurrencies at up to 100x leverage. As a result, experienced traders can make high profits using leveraged trading. Also, it is suitable for both new and experienced traders, and you won’t find it hard to get started with the platform. 

On Bybit, you can trade in different trading products like Spot trading, derivatives trading, and ByFi centre. Using the ByFi centre, you can enjoy features like DeFi and Crypto staking. So you can grow your crypto portfolio. 

Moreover, Bybit also offers a wide selection of crypto derivatives, perpetual and futures contracts. Like ADAUSDT, BTCUSDT, ETHUSDT, XRPUSDT, DOTUSDT, LINKUSDT and many others. Furthermore, you can also set up crypto alerts for price movement. So you can take a trade at your preferred price. 

Overall both Kraken and Bybit are quite similar in terms of features and trading products. So if you are confused between Kraken and Bybit, this detailed comparison by The Money mongers can help you.

4. Gemini

Next, there is the Gemini. This one is a simple, elegant, and secure platform to build your crypto portfolio. The exchange is based out of the USA and well-regulated. Also, it is available in all 50 states of the US and available in 50+ countries. It supports 45+ cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and many others. Also, it offers you some unique trading features. 

The exchange platform is good for both investors and traders of all skill levels who are looking for a full featured crypto exchange.  Also, buying and selling crypto with Gemini is extremely easy. All you have to do is create an account and link your bank account. It also supports recurring buys. So you can schedule recurring buys and buy crypto at any frequency. This feature would be helpful if you wish to grow your crypto portfolio.  Along with that, you can also use Gemini Earn to earn up to 8.05% interest on your cryptocurrency. Also, you can use Gemini Pay to make easy payments to merchants.

5. PayBis

PayBis is also one of the best Coinbase alternatives for UK crypto users. It is a multi crypto exchange that supports buying and selling of a bunch of cryptocurrencies. Along with that, it also provides liquidity services for fintech businesses.  It supports more than 10 cryptocurrencies, including BNB, BTC, BCH, AVE, NEO, LTC, USDT, etc. 

You can purchase crypto on PayBis using 47 major fiat currencies like USD, EURO, and others. Also, you can sell your crypto in EUR or US dollars.  The platform is available in more than 180 countries worldwide, plus it lets you buy crypto with low commissions. Also, it makes instant pay outs for your purchases. 

Getting started with PayBis is pretty easy. All you have to do is create an account and pass the verification procedure. After that, connect your crypto wallet and make the payment.  However, unlike other exchanges, PayBis requires you to connect a crypto wallet. And for this, you can use Trust Wallet. 

Final words

So those were some of the best coinbase alternatives for UK crypto users. Now go ahead and check these exchanges out, compare their features and fees with Coinbase and see which one seems good to you. 

 

The above information does not constitute any form of advice or recommendation by London Loves Business and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Appropriate independent advice should be obtained before making any such decision. London Loves Business bears no responsibility for any gains or losses.

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