Coinbase alternatives

Compare alternative exchanges to Coinbase for Australians.

By   |   Verified by David Boyd   |   Updated 28th November 2022

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Comparing Coinbase alternatives

Swyftx

On 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.

Pros

  • Trade more than 300 crypto assets through the Swyftx platform.
  • Offers tight spreads and low trading fees.
  • Get support within 5 minutes through their live chat.
  • Practice trading with a demo mode.

Cons

  • Lacks access to advanced trading markets.
eToro Crypto

On 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.

Pros

  • The user-friendly website and app make it easy to trade from anywhere.
  • Trade Bitcoin, Ethereum, and 60+ other crypto assets.
  • With its CopyTrader feature, you can replicate the moves of other investors.
  • Start trading with just $10.

Cons

  • There is a 1% fee that is added to the market price.
  • Other exchanges have more selections of crypto coins and tokens.
Independent Reserve

On 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.

Pros

  • Automate your cryptocurrency trading strategy with Independent Reserve's AutoTrader feature.
  • Its built-in tax calculator makes it easier to file your tax return.
  • ISO certified and has an AUSTRAC license.

Cons

  • It has a limited number of supported coins compared to other exchanges.
CoinJar

On 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.

Pros

  • Extremely user-friendly interface.
  • You can use a credit card or debit card to buy crypto.
  • Has a competitive fee structure.

Cons

  • Limited crypto tokens to trade compared to other platforms.
Coinstash

On 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.

Pros

  • Safely buy and sell coins from the DeFi space directly on Coinstash
  • Coinstash has an intuitive and easy-to-use interface.
  • Some of its features include Automatic Purchase and Bundles.
  • Accepts BPAY, PayID, and Osko deposits.
  • Live chat is in place to give you instant support.

Cons

  • Deposits using a credit card are not available.