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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Crypto.com – Stake Cryptos to Earn Interest

Another Coinbase alternative for 2022 is Crypto.com. This crypto exchange provides multiple earning opportunities through its mobile-friendly application. With Crypto.com, users can invest in 250 + tradable assets instantly. Additionally, Crypto.com supports the staking of cryptos. 

The Crypto.com earn feature lets users lock up their crypto holdings for a minimum of 3-months to earn interest in return. Depending on the user’s holdings, up to 12.5%, APY can be made by staking crypto assets. 

Crypto.com lets users invest in CRO – the platform’s native token.

Users with a certain number of CRO holdings can earn 2% additional interest on stakings. When purchasing cryptocurrencies, Crypto.com charges a simple maker/taker fee – beginning at 0.40% per transaction. 

However, payment options may lift the transaction costs. For example, buying crypto with credit cards adds a 2.99% transaction cost per transaction. Alternatively, users can take out a Crypto.com VISA card. This provides 5% to 8% cashback when purchasing digital assets on Crypto.com. 

Crypto.com also provides credit and loans on cryptocurrencies, a feature that not all crypto exchanges possess. Furthermore, users can buy and sell NFTs with the Crypto.com NFT marketplace, accessible through the app. Users can read our how to invest in NFT tokens guide, to find out more about this diversification opportunity. 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. BitStamp – Advanced Trading Platform 

BitStamp is a popular cryptocurrency exchange that traders can choose as an alternative to Coinbase.

This platform caters to skilled traders looking for a more advanced platform to practice multiple charting options and trading strategies. The platform gives traders access to TradingView – an advanced screener that lets users apply hundreds of technical indicators to assist their trades. 

By providing multiple API capabilities, BitStamp allows users to customise their suitable programmes and tailor them to an individual’s unique workflow. BitStamp has also installed a robust data encryption policy to ensure users’ assets are safely stored online. 

Over 4 million users currently access 70 + cryptos with BitStamp. The crypto exchange charges a trading fee beginning at only 0.50% – when the 30-day trading volume is below $10,000. 

However, payment methods are slightly hefty on BitStamp. A credit card fee of 8% is applied on small transactions, which reduces to 5% with an increase in trading volume. 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Binance – Invest in More Than 600 Cryptocurrencies

Binance is one of the best Coinbase alternatives in 2022 for users to look at. Read our Binance vs Coinbase review to find out more. In terms of daily trading volume, Binance attracts the most number of users among any crypto exchange. 

Binance provides over 600 cryptocurrencies to trade – allowing users to buy Cardano and multiple other assets. Apart from trading, Binance lets users stake assets in exchange for interest. This crypto platform charges some of the lowest fees – taking a 0.1% maker/taker fee per transaction. 

Users can decrease transaction costs by 25% if they hold a certain number of BNB – the platform’s native token. Binance is one of the few crypto exchanges that lets users apply leverage on trades. With leverage trading, investors can increase the value of their trade and stand a chance to earn more profits. 

However, the chances of earning losses also increase when trading with leverage. Binance attracts users by providing referral programmes – letting current users earn commission by getting new users onto the exchange. 

Finally, users can buy cryptos with credit cards or wire transfers. However, credit card purchases attract a further 4.5% fee per transaction. 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Kraken – Crypto Trading for Beginners & Advanced Traders

Kraken is yet another Coinbase alternative for users to review. The Kraken crypto exchange gives users 120 + crypto assets. Additionally, users can access high-risk options such as margin trading, leverage on trades and even stake assets to earn interest in return. 

While the regular Kraken trading account will charge users a standard 1.5% trading fee for crypto assets and a 0.9% fee for stablecoins. The cheapest payment method is a bank transfer, which only costs 0.50% per transaction.

However, users may be charged an additional 3.75% when investing in cryptos with credit/debit cards or e-wallets. 

With Kraken Pro, advanced traders can access active charts and advanced open order options on the mobile app and web interface. The Kraken Pro platform charges users a simple maker/taker fee per transaction. 

If the 30-day trading volume is below $50,000 – users must pay a maker/taker fee of 0.16%/0.26% per transaction. 

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6. Gemini – Store Crypto Safely 

Gemini crypto exchange is one of the best Coinbase alternatives for users looking to begin trading in digital assets. With Gemini, investors can buy, sell, and trade over 50 digital assets. Users can also access 21 trading pairs and conduct P2P transactions on the platform. 

With the Gemini digital wallet, users can store all cryptos offline – which is only accessible by a private key that the user holds. Gemini keeps most of its assets in cold storage and prevents digital assets from hacking online. Furthermore, the platform prides itself on being one of the few platforms that have never been successfully hacked. 

Gemini offers an active trader platform – which supports complex charts and technical indicators to assist day-traders and skilled investors. These tools can be accessed on the web and through the Gemini mobile app. 

In terms of fees, Gemini offers a complex pricing structure. Trades under $200 are subject to a fixed fee. For example, users must pay between $0.99 to $2.99 on transactions under $200. 

All transactions over this threshold are met with a 1.49% trading fee. Buying cryptos with debit cards is met with a high trading fee of 3.49% on Gemini. 

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7. CEX.io – CFD Broker to Invest in Cryptos

CEX.io is a cryptocurrency exchange platform based out of London, with over 4 million users. This crypto trader lets users trade more than 110 cryptocurrencies and access over 225 trading pairs. 

Thus, users can access fiat-to-crypto transactions, purchasing cryptocurrency directly with GBP and USD. The platform also gives users access to CEX.io Broker – a more advanced marketplace to access advanced charts and carry out more trading types. 

For example, users can apply up to 2x leverage on crypto transactions with CEX.io Broker. Since the CEX.io Broker platform is a CFD (contracts for Differences) brokerage, users can long and short crypto trades. 

CEX.io charges a maker/taker model beginning at 0.15% and 0.25% simultaneously. When purchasing with VISA and MasterCard, a fee of 2.99% and a minimum deposit of $20 are applicable. However, users can deposit fiat currencies with a bank transfer and not pay any fees. 

CEX.io is currently on the Financial Conduct Authority’s (FCA) temporary registration scheme, making it legally unauthorised to operate in the UK. 

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