2020-5-25 06:49 |
Coinbase has quickly become the defacto app to begin investing in cryptocurrency. Boasting 30 million users and over $150 billion in trades, it’s no surprise that the exchange has the massive visibility that it does. As someone looking to start investing in crypto, it may seem like there’s no other platform available to do so.
Well, I’ve got news for you. Not only are other platforms available, but many of these exchanges have advantages that are preferable to the high fees and limited trading options found on Coinbase.
In this article, I’m going to provide an overview of four alternatives to Coinbase and what advantages they provide. The alternatives are:
Gemini – More advanced trading at lower cost Coinbase Pro (formerly known as GDAX) – A smooth transition from Coinbase Kraken – A way to expand your altcoin portfolio Bitcoin ATMs – The option for the unbanked Coinbase Key InformationKey Information
Site Type Easy Buy Methods Beginner Friendly Mobile App Company Location San Francisco, CA, USA Company Launch 2012 Buy Methods Debit Card, Bank Transfers Sell Methods Bank Transfers, PayPal Available Cryptocurrencies Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, +many more Community Trust Great Security Great Fees Average Customer Support Good Site Visit Coinbase jQuery(document).ready(function($) { $("#table-2883").stacktable({ myClass:"stacktable small-only" }); }); Gemini – More advanced trading at a lower costMaybe you’ve gotten comfortable trading on Coinbase and want to add some advanced tactics to your investment strategy. Or maybe you’ve already got traditional investment experience, so the simplified Coinbase platform doesn’t appeal to you. Either way, Gemini is worth your attention.
Gemini is a cryptocurrency exchange where you can purchase and trade Bitcoin and Ethereum. The platform has a more complex interface than the simple design of Coinbase but is still intuitive enough for new investors to figure out.
As with most exchanges, you buy/sell coins through an order book – a different process than what you’d find in Coinbase. If you’re strategic with your order, you can oftentimes get your coins at a better price than the price set on Coinbase. You can place market and limit orders as well as set maker-or-cancel (MOC) and immediate-or-cancel (IOC) orders on Gemini.
Another advantage of Gemini is the ability to do analytics on the order book chart as you place an order. Learning how to recognize generic patterns in this chart is a good way for new investors to begin studying technical analysis (TA).
The trading fees on Gemini range from -0.10% (a rebate with enough volume) to 0.25% – significantly less than Coinbase’s 1.49% to 3.99% fee range.
Gemini Key InformationKey Information
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