When it comes to acquiring bitcoins, only one name comes to mind – Coinbase. Under current conditions, when Bitcoin is of genuine interest, people all over the world are ready to acquire this cryptocurrency. Most people immediately contact Coinbase.
Currently, Coinbase has only 32 countries covered, so most users around the world do not have access to this platform. You can look for alternatives to Coinbase, which will reduce the cost of acquiring bitcoins around the world. Let’s look at the best alternatives to Coinbase for buying and selling Bitcoins.
Cex.io is a really reputable exchanger located in London, UK. The platform was created in 2013. Similar to Coinbase, Cex.io allows you to instantly acquire Bitcoins. Cex.io has support for other currencies, currently, the company is connecting other altcoins to its platform. Before buying a cryptocurrency for fiat currency, you must pass a simple test, which includes identification and verification of the card.
Gemini is one of the leading bitcoin exchanges. On the platform, you can buy bitcoins and broadcast using bank transfers. For a newbie, buying Bitcoins/ether via Gemini is easy. Gemini is most common in the United States and several other countries. Gemini does not charge a fee for withdrawals and deposits, which makes this exchanger cost-effective. Unlike Coinbase, where cryptocurrency prices are almost 2-5% higher than market prices, the cost of cryptocurrencies in Gemini is not very high.
Kraken is a large exchange located in San Francisco. It was established in 2011 and has a huge impact on the US and UK markets. Kraken allows exchanging cryptocurrency using five fiat currencies. This makes it possible to replenish the account via bank transfer and SEPA in one or another currency. Bitcoins and ether can be acquired along with 13 other cryptocurrencies. The Kraken platform is available in most of the countries, which is why it can be considered an attractive exchanger.
LocalBitcoins exchanger was founded in 2012 and operates in Helsinki, Finland.
LocalBitcoin is a platform where sellers and buyers meet for making deals. Trade is conducted online and also offline in many countries and in large cities, which number more than 15,000.
Coinmama is a cryptocurrency exchanger headquartered in the Slovak Republic. The platform began operations in 2013. Coinmama is an ideal alternative to Coinbase because it gives the opportunity to instantly purchase Bitcoins and broadcast using a credit card. To use the platform, just create an account and verify the card. After the card passes the check, you can enter the number of bitcoins that the user is going to purchase. Most importantly, the Coinmama platform is available in more than 217 countries.
One problem to local BTC is if you buy crypto which is from a hack or criminal activity, it will be dirty forever. When you sell them on an exchanges you risk loose it all.