While Coinbase Exchange is a major player in the cryptocurrency space, concerns over high fees and customer support challenges have led some users to explore other options. This article will break down what Coinbase Exchange is, detail the reasons you might consider an alternative, and present other platforms for your banking and global payment needs.
What is Coinbase Exchange?
Founded in 2012, Coinbase is a leading American cryptocurrency exchange that allows users to buy, sell, and trade a wide range of digital currencies. The platform is known for its user-friendly interface, robust security measures, and a comprehensive help center with educational materials.
Serving over 100 million users in more than 100 countries, it stands as the largest U.S.-based cryptocurrency exchange. Beyond the standard exchange, the company provides services for institutional investors, secure digital asset storage, and a non-custodial wallet for managing private keys.
What to Consider When Selecting a Coinbase Exchange Alternative?
When searching for a platform to replace Coinbase Exchange, it's important to evaluate your specific needs. Here are five key factors to consider:
- Fee Structure: Analyze the platform's transaction fees, monthly costs, and any hidden charges to ensure it aligns with your budget and transaction volume.
- Customer Support: Look into the quality and accessibility of customer service, as responsive support is vital for resolving financial issues quickly.
- Fiat-to-Crypto Functionality: Assess how well the platform handles conversions between traditional currency and cryptocurrencies, especially for operations like payroll and expense management.
- Business-Focused Tools: Determine if the platform offers integrated tools for business operations, such as expense cards, invoicing, and accounting software integrations.
- Security and Reliability: Verify the platform’s security protocols and track record for reliability to protect your assets and avoid unexpected account interruptions.
If these considerations resonate with your priorities, explore the alternatives detailed in the next section to find a solution that better suits your needs.
10 Best Alternatives to Coinbase Exchange
1. OneSafe
OneSafe is a finance platform designed to modernize banking processes for businesses, particularly those operating in the Web3 and crypto sectors. We provide essential tools for effortless fund management, quick payments, and access to both traditional and digital assets.
Our platform facilitates a 1:1 conversion from USD to USDC on Polygon, which simplifies payroll and expense management for global teams. We also provide end-to-end expense and payroll management, rapid account setup, and responsive customer support tailored for businesses in the digital asset space.
Pricing
Here's a look at our straightforward pricing structure:
- Free Account & Cards: We believe in accessible banking, so we offer free account opening, maintenance, and card issuance with no monthly subscription or minimum balance requirements.
- Low-Cost Domestic Transfers: Move money within the US efficiently with a minimal 0.1% fee for ACH and standard wires, or a flat $25 fee for Fedwire transfers.
- Competitive International Payments: Send money globally with transparent pricing. SEPA payments in EUR are just 0.2%, and international wires are 0.2% plus a standard $50 SWIFT fee.
- Straightforward Crypto Fees: Engage with digital assets easily. USDT transactions have a simple 0.1% fee, and our fiat-to-crypto conversions come with no hidden charges, just market rates.
- Transparent Card Usage: Use your corporate card worldwide with a clear 3% foreign exchange fee on non-USD spending.
Reviews
Our clients consistently praise our platform for understanding the unique challenges of modern businesses, especially in the Web3 space. They often highlight our responsive customer support and our ability to solve complex banking and payroll headaches.
- “OneSafe has the best customer support I've ever experienced from a bank.”
Amit Chu, Investments @ Celo Foundation - “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.”
Marco, CEO of Ensuro
Want to solve your banking headaches? Check us out here.
2. N26
N26 is a German fintech company founded in 2013 that provides a mobile banking experience. Its services include transaction accounts, debit cards, overdrafts, and various investment products.
The platform provides real-time banking updates through a user-oriented app interface. It also includes tools designed for managing spending and savings.
Pricing
Here's their pricing at a glance:
- Free N26 Standard: A free account that includes a virtual Mastercard for online purchases and mobile payments.
- €4.90 per month N26 Smart: This account offers tools for spending and saving, including the ability to add up to 10 sub-accounts.
- €9.90 per month N26 Go: Designed for travel, this plan offers benefits like free ATM withdrawals abroad and travel insurance.
- €16.90 per month N26 Metal: This premium account includes a metal card, travel insurance, and priority customer support.
Reviews
User reviews often cite challenges with customer support, such as slow response times, alongside reports of sudden account closures and frozen funds. Check out more N26 reviews here.
3. Mercury
Mercury is a financial technology company that provides online business banking services for startups and small businesses. The company focuses on offering financial tools tailored to the needs of emerging enterprises.
The platform provides FDIC-insured checking and savings accounts, corporate cards, and integrated tools for invoicing and bill pay. It allows global founders to open accounts for their U.S.-incorporated companies and does not charge monthly fees or require minimum balances.
Pricing
Here's their pricing at a glance:
- Free Mercury Plan: Offers essential banking services including checking and savings accounts, corporate debit and credit cards, bill pay, invoicing, and reimbursements.
- $35 per month Mercury Plus: Includes all features of the Mercury Plan with additional reimbursements and invoicing capabilities.
- $350 per month Mercury Pro: Encompasses all features of Mercury Plus along with advanced workflows and dedicated support.
- Custom Solutions: For businesses with balances exceeding $10 million, Mercury offers tailored pricing and plan options.
Reviews
User feedback on Mercury indicates varied experiences, with some customers reporting issues like sudden account closures, frozen funds, and payment processing delays. Check out more Mercury reviews here.
4. Wallester
Wallester is a financial technology company that specializes in corporate expense management solutions through virtual and physical Visa cards. Their services are designed to streamline financial operations for businesses of various sizes, with a focus on user-friendly interfaces and security measures.
The platform provides features such as real-time expense control, detailed financial reporting, and integrations with accounting software. It also supports instant virtual card issuance, multiple currencies, and advanced API integration.
Pricing
Wallester provides a free plan that includes up to 300 virtual cards and has no account or minimum balance fees. For businesses requiring more cards, premium plans are available, and additional virtual cards can be added for a monthly per-card fee.
Reviews
User reviews often comment on the platform's interface and financial reporting capabilities, while some have reported challenges with integration and occasional delays in technical support. Check out more Wallester reviews here.
5. Tide Bank
Tide is a UK-based financial technology company established in 2015 that provides mobile-first banking services for small and medium-sized enterprises. Its offerings include current accounts, automated bookkeeping, integrated invoicing, and integration with accounting software.
Businesses can open an account in minutes through the Tide app and manage team spending with provided expense cards. The platform also allows for cash deposits at UK Post Office or PayPoint locations and supports international payments.
Pricing
Here's their pricing at a glance:
- No monthly fee Free Plan: Charges include 20p per UK transfer and £1 per ATM withdrawal. Cash deposits at the Post Office incur a 0.99% fee with a minimum of £2.50.
- £12.49 + VAT per month Smart Plan: Includes 25 free UK transfers, one free expense card, and priority in-app support.
- £24.99 + VAT per month Pro Plan: Offers unlimited free UK transfers, two free expense cards, and 24/7 phone and legal support.
- £69.99 + VAT per month Max Plan: Provides unlimited free UK transfers, three free expense cards, and a dedicated account manager.
Reviews
User feedback indicates some customers have faced challenges with customer support, citing response delays. Additionally, some users report issues with account access and payment processing. Check out more Tide Bank reviews here.
6. Axos Bank
Axos Bank, established in 2000 as Bank of Internet USA, is a digital bank headquartered in San Diego, California. It provides a range of financial services, from personal and business banking to loans and investment solutions.
The bank offers competitive interest rates, options for low or no-fee accounts, and access to funds through an extensive ATM network. Certain business accounts also come with no monthly maintenance fees and unlimited fee-free transactions.
Pricing
Here's their pricing at a glance:
- No monthly fee Basic Business Checking: This account includes no monthly maintenance fees, unlimited fee-free transactions, and free incoming wires.
- $10 per month Business Interest Checking: This fee is waived with an average daily balance of at least $5,000. It offers a 1.01% APY on balances up to $49,999.99.
- No monthly fee Business Premium Savings: This account has no monthly maintenance fees and provides a 3.80% APY.
Axos Bank does not publicly list prices for all of its services, and some accounts may have specific balance requirements to waive fees. For complete pricing details, it is best to contact the bank directly.
Reviews
Some users report issues with the app's functionality, citing glitches and slow performance, while others mention unreliable payment systems and difficulties with login procedures. Check out more Axos Bank reviews here.
7. Finom
Finom is a European financial technology company founded in 2019, offering digital banking and financial management services for small to medium-sized enterprises and freelancers. The platform provides online account opening with local IBANs, invoicing tools, accounting integrations, and expense management.
It issues free physical and unlimited virtual debit cards and offers up to 3% cashback on business purchases. The service also supports multiple currencies and international payments, aiming to streamline financial operations for businesses across Europe.
Pricing
Here's their pricing at a glance:
- Free Solo Plan: This plan includes one user, a personal IBAN for global transfers, free physical VISA cards, and basic invoicing features.
- €9 per month Start Plan: This plan includes two users, a personal IBAN, free physical VISA cards, and advanced invoicing features.
- €28 per month Premium Plan: This plan offers five users, a personal IBAN, free physical VISA cards, and invoicing and accounting integrations.
- €149 per month Corporate Plan: This plan provides ten users, a personal IBAN, free physical VISA cards, and advanced invoicing and accounting features.
- €339 per month Enterprise Plan: This plan includes fifteen users, a personal IBAN, free physical VISA cards, and all features available in the Corporate Plan.
Reviews
User reviews often comment on the platform's interface and invoicing system, while some customers report issues with account management, unexpected fees, and transaction processing. Check out more Finom reviews here.
8. Currensea
Currensea is a UK-based financial technology company that provides a travel debit card linked to a user's existing bank account. The service aims to offer an alternative to traditional bank foreign exchange fees by connecting directly to a primary account, removing the need to top up.
The card operates with real-time exchange rates and provides immediate spend notifications through its app. The company offers tiered subscription plans with varying monthly limits for card spending and ATM withdrawals.
Pricing
Here's their pricing at a glance:
- Free Essential Plan: This plan has a one-time £4.95 card delivery fee. It includes a £500 monthly card spend limit at the real-time rate, after which a 1% fee applies. ATM withdrawals are fee-free up to £200 per month, with a 2% fee beyond that.
- £39.95 per year Pro Plan: This plan includes unlimited fee-free card spending, fee-free ATM withdrawals up to £500 per month, and additional benefits such as global data and car hire discounts.
- £150 per year Elite Plan: This plan contains all Pro features but increases the fee-free ATM withdrawal limit to £750 per month and adds other benefits like more global data and hotel perks.
Reviews
User feedback indicates some customers have encountered issues with card acceptance in certain locations and concerns regarding the responsiveness of customer support. Check out more Currensea reviews here.
9. Reap
Founded in 2018, Reap is a financial technology company that provides a suite of products to manage financial operations. Their offerings are designed for businesses of various sizes.
The company's main product is the Reap Card, a corporate credit card that allows repayment in both fiat and digital currencies, with features like global coverage and spend controls. Reap also provides Reap Pay for multi-currency payments and API solutions for card issuing and global payouts.
Pricing
The Reap Card has no annual or hidden service fees, but there is a 1.2% handling fee for stablecoin repayments and a 2% fee for both ATM withdrawals and foreign exchange transactions. For its API and embedded finance solutions, Reap provides customized packages with pricing based on product usage.
Reviews
User feedback on Reap points to several concerns, including limitations in setting spending categories, unexpected credit limit resets, and issues with customer service and financial standards. Check out more Reap reviews here.
10. Brex
Brex is a financial technology company founded in 2017 that provides a suite of financial services. Its offerings include corporate credit cards, expense management, travel booking, and business accounts integrated into a single platform.
The platform allows for AI-powered custom rules, real-time reporting, and integrations with accounting software. It is designed to provide scalable financial solutions for startups, mid-sized companies, and global enterprises.
Pricing
Here's their pricing at a glance:
- Free Essentials: This plan is for startups and growing companies and includes features like global card acceptance, AI-powered custom rules, accounting integrations, and bill pay.
- $12 per user per month Premium: This tier contains all Essentials features plus additional tools such as customizable expense policies, advanced approvals, and multi-entity support.
- Custom Enterprise: Designed for global enterprises, this plan includes all Premium features along with a named account manager and customizable implementation. Pricing is tailored to specific requirements.
Reviews
User feedback highlights challenges with customer service responsiveness and resolving complex queries. Some customers also report issues such as sudden account closures, problems with international wires, and technical limitations on the platform. Check out more Brex reviews here.
Which One Should You Go With?
Choosing the right financial partner is a big decision, and any of the platforms listed can be a great fit depending on your specific needs. If you're a modern business looking for a banking solution that truly understands the digital asset space, we believe OneSafe is the ideal choice. Sign up for OneSafe today and see how we can solve your banking headaches.
