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Coinbase Alternatives For Buying Cryptocurrency With Euro And USD

Coinbase Alternatives For Buying Cryptocurrency With Euro And USD

ChangeNOW is a non-custodial service created for simple and fast cryptocurrency exchanges. We strive for maximum safety, simplicity, and convenience. We do not store your funds or require any sort of account creation.

ChangeNOW has more than 170 coins available for exchange and does not hold any limits; you can swap as much as you want — account-free, worry-free, faster than light. The fiat option is also available — you can buy cryptocurrency with Visa or MasterCard through our third-party partner Indacoin.

Coinmama is a cryptocurrency exchange that was formed in 2013. Coinmama is registered in Slovakia but is owned by New Bit Ventures Limited that is headquartered in Israel. It operates in 188 countries worldwide, and is available in 24 US States. It provides users with a platform to purchase Bitcoin and Ethereum using credit and debit cards. However, Coinmama does not provide a platform for trading in cryptocurrencies nor does it allow users to sell cryptocurrency. Instead, all purchases of cryptocurrency by customers are transferred directly from the company’s own holdings, making transactions more secure than some of its competitors.

Coinmama simplifies the KYC process and gets it done quick (typically within an hour), and offers its users much better limits when verified, allowing level 3 verified users to purchase up to $1 million per month, compared to the maximum of $25,000 per day offered at Coinbase.

Similar to Coinbase, achieving the top level of verification requires more extensive verification, with an estimated 6-hour processing time.

Coinmama services are offered to customers in over 180 countries, and in the majority of US states — offering availability that is simply unmatched by Coinbase.

What to watch out for in a Coinbase Alternative

Although it is plainly apparent that Coinbase is lacking in many respects, finding a suitable platform to move to can be easier said than done. Beyond this, there are also many sites like Coinbase that are even worse, making finding an alternative somewhat of a minefield.

While we can’t fault the security Coinbase offers, not every alternative exchange has the security features needed to keep your funds safe. Because of this, we recommend avoiding exchanges that have a history of being breached and/or do not store the great bulk (98%+) of user funds in secure cold storage.

Beyond this, excellent client-side security features are something to look out for, with two-factor authentication and email-verification options recommended as the bare minimum.

Particularly in the case of new traders or investors, usability may be a primary concern since nobody likes to be dazzled with an endless array of tools that you’ll never use. Because of this, we recommend checking out alternatives that best match your experience level.

If you are an absolute beginner, then a brokerage type platform might suit you best, whereas experienced traders will likely be best served by a full-featured exchange, with more complex order types, such as margin trading and contingent orders.

This also extends to the asset selection on offer — simple exchanges tend to offer a select few high-quality digital assets for trade — which while this may be sufficient for the casual investor, anybody looking to diversify or maximize their opportunities may feel overly restricted, hence why it’s always a good idea to begin at an exchange that provides room for personal growth.

Published at Thu, 02 May 2019 19:18:59 +0000

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