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With millions of users across dozens of countries, Coinbase is one of the most popular crypto exchanges in the world. But it’s far from the only option available. In fact, there are several other exchanges that arguably offer an improved trading experience, especially for Australian users, so let’s take a closer look at five leading Coinbase alternatives.
Compare exchanges like Coinbase
When compiling this list of sites like Coinbase and selecting some of the leading options, we focused on several key aspects. These include the following:
Buy/sell from sites like Coinbase
Melbourne-based CoinSpot offers both fiat-to-crypto and crypto-to-crypto trading, but unlike Coinbase, it is only targeted at Australian users. AUD deposits are accepted via BPAY, POLi Payments and cash, and you can use the platform to instantly buy and sell bitcoin, Ether, Ripple (XRP), Bitcoin Cash, EOS, Litecoin and dozens of other cryptocurrencies. A 1% trading fee applies to instant buy and sell transactions.
Check out our in-depth guide to CoinSpot.
This Australia-based exchange lets you buy many cryptocurrencies with Australian dollars, and supports deposits with local payment methods such as POLi and PayID. On Swyftx, Australian dollar deposits are converted to US dollars on entry. While this incurs a small cost on deposit, it translates to lower trading costs than some other exchanges after deposit. It offers an extensive range of 100+ cryptocurrencies.
Find out more about CEX.IO in our review.
Buy/sell from sites like Coinbase
Before deciding whether you should choose Coinbase or one of the alternative platforms featured in this list, remember to consider the following:
If you’re looking for an easy and convenient way to buy cryptocurrency using fiat currency, Coinbase is a popular choice. However, there are also several other options worth considering that may be better aligned to your trading needs.
For example, if you want to build a diverse crypto portfolio, you may want to look for a platform that supports more digital currencies than the four supported by Coinbase. If you want to deposit funds via bank transfer, you’ll need to look for an exchange that supports this feature in your country of residence.
Whatever you’re looking for in a crypto exchange, the most important thing to remember is to compare your options. This will help you choose a platform that makes it simple, convenient and affordable to buy the cryptocurrencies you want.
Buy/sell from exchanges like Coinbase
Disclosure: At the time of writing, the author holds ADA, ICX, IOTA and XLM.
Picture: Shutterstock
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