Coinbase alternatives

Compare alternative exchanges to Coinbase for Australians.

By   |   Verified by David Boyd   |   Updated 5th May 2022

Comparing Coinbase alternatives

Swyftx

On Swyftx's website

Featured

Swyftx

Highlights

  • Trade 290+ digital assets with Swyftx, which is significantly more than is available on Coinbase.
  • Swyftx is similar to Coinbase in that its trading experience is high quality and clean on desktop and mobile.
  • Trading fees on Swyftx are very competitive, whereas Coinbase are renowned for their pricey fees.
  • Swyftx has a demo account and you can invest into your SMSF, which is not possible with Coinbase. Both exchanges are registered with AUSTRAC.
eToro Crypto

On eToro's website

Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.

Highlights

  • eToro supports 40+ different coins, whereas Coinbase supports more than 140. Both regularly list new coins and can move the market when doing so.
  • You can stake on eToro and Coinbase, but neither support investing into your SMSF.
  • Both offer a physical card so you can use your crypto for purchases.
  • The main difference between eToro and Coinbase is eToro's social trading feature and demo account.
Independent Reserve

On Independent Reserve's website

Highlights

  • Independent Reserve is designed for more advanced traders who prefer to trade a smaller number of coins. It is not for traders who want exposure to altcoins and memecoins.
  • Trading fees are lower on Independent Reserve than on Coinbase.
  • Independent Reserve do not support staking and do not offer a crypto card, whereas Coinbase offers both. Coinbase does not support SMSF, whereas Independent Reserve does.
  • Both are AUSTRAC members.
CoinJar

On CoinJar's website

Highlights

  • CoinJar's trading fees are competitive and decrease the more you trade. Coinbase is known for high fees.
  • Coinbase offers staking, CoinJar does not. Both exchanges have wallet-linked crypto cards.
  • CoinJar lets you invest into your SMSF, which you can't do with Coinbase.
  • CoinJar and Coinbase are both AUSTRAC members.
Digital Surge

On Digital Surge's website

Highlights

  • It's cheaper to trade on Digital Surge than it is with Coinbase.
  • You can invest into your SMSF from Digital Surge, whereas you can't with Coinbase.
  • Both exchanges are simple and easy to use, but there are many more assets to trade on Digital Surge compared to Coinbase.
  • You can stake on Coinbase and access your wallet with their card, neither of which can be done on Digital Surge.
  • Digital Surge are Australian-owned. Both are AUSTRAC members.
Coinstash

On Coinstash's website

Highlights

  • Coinstash has a very beginner-friendly trading experience and supports more than 170 crypto assets (more than on Coinbase).
  • Coinbase supports staking and offers a crypto card. Coinstash do not. However, you can invest into your SMSF with Coinstash.
  • Trading fees for Coinstash are competitive against Coinbase. Both exchanges are suitable for beginners to intermediate traders.
  • Coinbase and Coinstash are both AUSTRAC-registered.