Know These Different Coinbase Alternatives In Buying and Selling Bitcoin
Plenty of options are now made available when you buy bitcoin and you can choose your coinbase alternative based on your needs and location.
Today, people generally would think of coinbase if they buy bitcoin using fiat currency, and so it is important to have some information about this matter.
First of all, know that coinbase is a US-based exchange, where they also support the instant purchase of the currency like bitcoin through different reputable debit cards and credit cards. At present though they are only serving 32 countries so you might have to check if their service is available in your country.
There are thus several coinbase alternatives that we can present briefly here so you can purchase some bitcoin.
CEX is the number one coinbase alternative that we can mention, and this is a London, UK-based exchange which has been in operation since 2013. CEX has earned the respect in the cryptocurrency space and is now operational in 99% countries of the world, and is continuing to add more on their list.
Originally a venture in Slovakia is coinmama, your next coinbase alternative which is a digital financial service company in operation since 2013. Popular coins aside from BTC can be bought by investors in this company, such as ETH, BCH, ADA, and LTC.
The next coinbase alternative is from a company out of San Francisco USA called kraken, and this has been in operation since 2011. One of the biggest bitcoin exchanges is kraken and is one of the largest euro to crypto markets in the world even if they are based in the US.
Another coinbase alternative is gemini, one of the fastest growing bitcoin exchanges in the world. Their base is outside of the USA and are fully compliant with the New York State Department of Financial Services.
Another coinbase alternative to mention is localbitcoins or LBC, a bitcoin startup and P2P bitcoin exchange with a base out of Helsinki, Finland, and has been operating since 2012. If you are not into centralized exchanges, this is your best option since this is peer to peer purchase, and it has buyers and sellers of bitcoin in more than 15,000 cities all over the world.
Your next alternative to coinbase and centralized exchanges are the bitcoin ATMs, which could be your best way to get some bitcoins if you live in a country where there are already bitcoin ATMs. The currencies that most bitcoin ATMs would accept are fiat money like eur, gbp or usd.
Your next coinbase alternative is the mycelium local trader facility which is similar to localbitcoins which is built into its mobile app.