Well, there is no doubt that Bitcoins are turning into a rage where people want to deal more and more in it. For buying or selling Bitcoin, it’s important to participate in the exchange and for that people require a platform where crypto-currency based transactions are possible. Coinbase is counted as one of the trusted companies as they are providing user-friendly and easy to understand exchange for a long time.
There are lots of reasons because of which the people prefer Coinbase. First is, Coinbase has huge numbers in user, such as they are dealing with around 10 million people and providing exchange support services to 32 countries. The company also received a huge positive support and feedback from different magazines and newspapers. Secondly, Coinbase offers the most easier and friendly interference for their users. So no matter who is using, they will not get confuses over which step they need to do first.
So, even the company is known as the best exchange services provider, still, there are lots of alternatives which the user can consider. There is no harm to try something new and to explore more in the Cryptocurrencies exchange; however it depends on the services they provide.
Here is the list of best Coinbase alternatives: Everything that you must know
It’s a digital company providing financial services and operating cryptoshpere. The company is working since 2013; however, it’s registered originally in Slovakia. Coinmama allows their investors to buy coins like ADA, LTC, ETH, BCH, and wrapped btc. Also, they support as well as operate around 180 different countries. They are counted as one of the trusted as well as reliable service providers. Apart from that, it takes only one hour for verifying the process and it’s also easier to access.
Registered Exchange Company in the UK, CFK maintained a decent credibility. They allow their investors to buy Bitcoins using their MasterCard and VISA. Not just that, for trading the clients can use different options like bank transfers, credit cards, and Cryptocurrencies. CFX allows their investors to buy basically eight different types in currencies like BCH, BTG (Bitcoin gold), BCH, ETH, ripple, Dash, Zcash, and XLM. Also for exchange, USD, Russian rubles, Euro and GBP are allowed.
CFX covers around 99% of Cryptocurrencies countries in the world also their charges are lower as compare to other. Not just that, their interference is friendly and easy to understand which work as benefit point for those who are going to invest for the first time.
Considered as one of the biggest option offering Euro to market of Cryptocurrencies, Kraken is San Francisco based company working since 2011. However, Kraken has three tiers and it takes time for verifying the account. But it offers butter smooth experience for the users. The investors can do their trading as the options here are ETH, XMR, DASH, XLM, XRP, ZEC, USDT, EOS, and ETC. They also offer fiat currencies for buying and selling purpose, it includes USD, CAD, EUR, JPY, and wire transfer.
#4 Local Bitcoins
Local Bitcoins is recommending for purchasing Bitcoins in most private and fast way. However, with other companies, your activities are tracked during your exchanges. But, Local Bitcoins allows their investors to do their exchanges privately as they don’t offer ID verification. Apart from that, the company assures complete safety and transaction which can be done face to face. It decreases the chances of scams and frauds. They don’t charge for withdrawal, also they accept various options for transactions.
#5 Bitcoins ATMs
However there are limited countries where ATM for Bitcoins are available, but Bitcoins ATMs are one of the easiest and simplest options which allows their customers to access their account. For that, the user needs fiat money like EUR, USD, and GBP. After that, the ATM asks the person to locate or scan their current address for sending the amount that they requested for. If due to any reason, the ATM is unable to locate the address, the user can go with another option where they will get an ATM to generate paper wallet.
Offering the fastest option in withdrawing and deposit, Livecoin is a London based company. The company charges no fees because of the volume of trading. The company generates money by withdrawing and deposit fees only. Liveocoin.net trades in many options such as Augur, Zcash, DAQ, Stellar, Doga, Litecoin etc. Also, they support different types in coins which make the process hassle-free.
#7 Independent Reserve
The company is working since 2013, well the Sydney based company offers the open exchange which also supports EIthereum and Bitcoins. Not just the verification process of the independent reserve is much simple and quick. Also, they support different currencies and the setting up a new account is also easy. The company offers to purchase and sells options all over the world. Not just that, in exchange the user needs to, has an account in SWIFT.
The company is offering vast options in payments which make the access easier and simpler for the investor, especially for those who use PayPal and credit cards. Apart from that, the customer can request for a gift card as well which is another payment form. Also, the process of setting up account, verification etc is fast which enable the customers to start their buying and selling as soon as they want. For better help, they provide 24/7 live chat and a forum. Unlike most of the platform, Paxful is a new company which was founded in the year 2015. Enabling the great assurance, easy mod to pay or get paid to make the work smoother for everyone.
Robots.net has mentioned that apple shockingly revealed their interest in developing their own cryptocurrency wallet which assures cryptocurrency is making noise in the mainstream industries.
Well, Cryptocurrencies and Bitcoins are turning into something big and bright. Lots of companies, organizations, and individual are investing, using and promoting the Bitcoins. However, there are things like exchange fees which is hard to avoid. Even there are companies who accept that payments for such things are high because third parties are usually involved for payment process. But it’s not compulsory, as bank transfers are considered having much lower rates in fees. Also, they can easily trade, do an exchange, sell and buy their Bitcoins and Cryptocurrencies.
Smriti Jain is the owner and senior content publisher at Financesmarti. Financesmarti is a website where she shares a lot of useful stuff for the people and business of India. This includes small business ideas and other banking information, as well. Smriti completed her education in science & technology from Delhi University. Smriti usually has interests in digital marketing now, and she has chosen this career for the full-time opportunity. The primary purpose of starting this blog to provide quality information on the banking industry to the people.