Best Coinbase Alternatives In 2025: The Complete Guide
Fed up with Coinbase’s fees, outages, and cluttered altcoin-focused interface? You’re not alone. Thankfully, there are better alternatives—Bitcoin-focused platforms that prioritize privacy, ease of use, and self-custody. Dive into our list of exchanges that deliver what Coinbase doesn’t.
Coinbase is the largest cryptocurrency exchange in the United States and one of the industry’s most established names. As one of the few publicly traded exchanges, it has earned a level of trust from the general public. However, in recent years, Coinbase has faced growing criticism.
Frequent outages during market surges, steadily increasing fees, and strict KYC practices have frustrated many users. Additionally, controversial stances on privacy—such as discouraging VPN use and flagging accounts that use them—have raised concerns about the platform’s commitment to user rights. With significant holdings from entities like BlackRock and MicroStrategy centralized on Coinbase Prime (the platform for institutional investors), some have also labeled it a honeypot for potential risks, further straining its reputation.
For users tired of high fees, system downtime, and privacy compromises, the search for better options is understandable. Fortunately, alternatives exist that provide stronger security, improved user experiences, and more affordable services.
Best Coinbase Alternatives Of 2025
The list includes both those exchanges/apps that enforce light-KYC but also all those solutions that don't. However, there is an higher possibility that the non-KYC/soft-KYC solutions are positioned higher in the rankings, because in our blockdyor Score, a proprietary metric we use to asses the quality of a platform, we give an higher score on solutions that don't enforce KYC.
- 🥇 Pocket Bitcoin
- 🥈 Hodl Hodl
- 🥉 Bisq
- 🎖️ Bitcoin Voucher Bot
- 🎖️ Sideshift.ai
Pocket Bitcoin
👉 Click here to join Pocket Bitcoin and get € 5.00 in free BTC with the code BLOCKDYOR.
Key Specs
| Exchange | Availability | Taker / Maker Fees | blockdyor Score |
|---|---|---|---|
| Pocket Bitcoin | 🇪🇺🇨🇭 + more | 1.5% / 1.5% | ⭐⭐⭐⭐ 71/100 |
Why We Chose It
Pocket Bitcoin is an easy to use fiat-to-Bitcoin exchange via bank transfer in a soft-KYC way, with the funds that are directly deposited into your personal Bitcoin wallet. There is not even the need to create an account, everything is done automatically, even the recurring purchases.
It's an excellent option for those prioritizing self-custody and solely interested in accumulate Bitcoin, and they even add a sell option for who wants to cash out for fiat.
Pros & Cons
| Pros | Cons |
|---|---|
| ✅ Low fees | ❌ No desktop app |
| ✅ Kraken quotes | |
| ✅ Vast Hardware wallet support |
Overview
Pocket Bitcoin is a web-based service, available on iOS and Android, that streamlines buying and selling Bitcoin with fiat currencies (EUR or CHF) directly from your bank account. It allows for seamless deposits into both software and hardware wallets.
With a fully non-custodial interface, Pocket Bitcoin ensures your purchased Bitcoin is securely transferred directly to your specified Bitcoin address. You can easily input your Bitcoin address or connect your hardware wallet. One of its standout features is that it doesn’t require KYC/AML verification or account creation—simply make a bank transfer to the provided Pocket Bitcoin account.
This straightforward, user-friendly process prioritizes both privacy and convenience. Pocket Bitcoin also offers recurring payments and instant transactions, simplifying the Bitcoin purchasing process for users across Europe.
Full Review
Kate Porter
Hodl Hodl
👉 Sign up on Hodl Hodl now for a lifetime discounted trading fee of just 0.45%.
Key Specs
| Exchange | Availability | Taker / Maker Fees | blockdyor Score |
|---|---|---|---|
| Hodl Hodl | 🇪🇺🇨🇦 + more | 0.30% / 0.30% | ⭐⭐⭐⭐⭐ 95/100 |
Why We Chose It
With over 8 years of experience, Hodl Hodl offers a standout Bitcoin-only, non-custodial, peer-to-peer platform. It’s one of the best exchanges for buying/selling (and even lending) Bitcoin with various currencies and payment methods, all while prioritizing privacy through its non-KYC structure. As also a non-custodial exchange, Hodl Hodl never holds user funds. Instead, it uses a secure multisig escrow system, ensuring high security for each transaction.
Beyond trading, Hodl Hodl also provides a peer-to-peer lending service, allowing users to lend or borrow funds anonymously and on their own terms. For these transactions, Hodl Hodl generates a unique multisig escrow address, ensuring security for every loan and trade.
Pros & Cons
| Pros | Cons |
|---|---|
| ✅ Low fees | ❌ Not available in the USA |
| ✅ Easy to use | ❌ No web based or mobile apps |
| ✅ Many offers for several currencies/payment methods |
Overview
Founded in 2016, Hodl Hodl is a pioneering peer-to-peer Bitcoin-only exchange that facilitates direct trading without intermediaries. Supporting both on-chain Bitcoin and the Lightning Network, it enables users to buy and sell Bitcoin securely.
What sets Hodl Hodl apart is its non-custodial design—it doesn’t hold user funds. Instead, trades are conducted using a multisig escrow system, which enhances security while ensuring users retain control of their escrow keys. The platform supports a variety of payment methods and fiat currencies, making transactions fast and flexible, all while utilizing the security of smart contracts.
Privacy-conscious traders appreciate Hodl Hodl for its global P2P trading with no KYC/AML requirements, low fees (0.6% split between parties), and a strong focus on anonymity. Additionally, Hodl Hodl extends its services to include peer-to-peer lending, allowing users to borrow or lend funds on their own terms without sacrificing privacy.
By emphasizing security, anonymity, and user control, Hodl Hodl has become a trusted platform for Bitcoin enthusiasts seeking a decentralized trading experience.
Full Review
Andrea Carnimeo
Bisq
Key Specs
| Exchange | Availability | Taker / Maker Fees | blockdyor Score |
|---|---|---|---|
| Bisq | 🇺🇸🇨🇦🇪🇺 + more | 1.15% / 0.15% | ⭐⭐⭐⭐⭐ 87/100 |
Why We Chose It
Bisq stands out as one of the most popular Bitcoin-only platforms for buying and selling Bitcoin with a high degree of privacy. However, getting started can feel overwhelming for newcomers.
A key point to note is the Bitcoin security deposit requirement, meaning users need to have Bitcoin upfront to initiate trades. This can limit accessibility for beginners, but it’s a necessary tradeoff for a decentralized, non-custodial platform with no KYC and a wide variety of payment methods. While Bisq is ideal for intermediate and advanced users, its privacy-focused approach sets it apart from traditional exchanges.
Also, Bisq is evolving with the introduction of Bisq 2, featuring a new “Bisq Easy” mode. This streamlined option removes the need for security deposits, trading some security measures for greater simplicity, making the platform more accessible to less experienced users.
Pros & Cons
| Pros | Cons |
|---|---|
| ✅ Low maker fees | ❌ Taker fees are higher |
| ✅ High privacy | ❌ Too complex for beginners |
| ✅ The new Bisq Easy is the right direction | ❌ Security deposit needed |
Overview
Bisq is a world-famous decentralized peer-to-peer (P2P) exchange known for its longevity and effective privacy features. First of all, with Bisq you can only connect over TOR, for added security. With Bisq, users can seamlessly trade Bitcoin for national currencies or other cryptocurrencies, all without the need for KYC procedures. You can install on your computer running Windows, Linux, and Mac, Bisq empowers users with full control over their funds through its non-custodial wallet system.
Anonymity and security are paramount on Bisq and they are enhanced by features like end-to-end encryption and Tor-only connectivity. It sets itself apart as one of the few truly decentralized exchanges, offering users a say in its governance through a DAO structure.
Despite its advanced structure, Bisq remains a pillar for those valuing privacy and decentralization in their trading experience. With its commitment to open-source principles and community-driven governance, Bisq exemplifies the bitcoin ethos.
Full Review
Andrea Carnimeo
Bitcoin Voucher Bot
👉 Click here to start buying No-KYC BTC with Bitcoin Voucher Bot.
Key Specs
| Exchange | Availability | Taker / Maker Fees | blockdyor Score |
|---|---|---|---|
| Bitcoin Voucher Bot | 🇪🇺 Europe | 2.5% / 2.5% | ⭐⭐⭐⭐⭐ 80/100 |
Why We Chose It
Bitcoin Voucher Bot stands out for its strong privacy focus and ease of use. It offers a simple, no-KYC experience, making it a reliable choice for privacy-conscious Bitcoin users in Europe. The bot supports multiple voucher types, including on-chain, Lightning, and Liquid, giving users flexibility when acquiring Bitcoin.
Its moderately low fees (2.5% for both takers and makers) and commitment to remaining non-custodial further solidify its position as a top choice for those who want a straightforward, anonymous way to purchase Bitcoin. Additionally, its ability to facilitate Euro-Bitcoin swaps through Telegram ensures that even new users can navigate the platform effortlessly.
Pros & Cons
| Pros | Cons |
|---|---|
| ✅ Easy to use | ❌ Limited to Bitcoin only |
| ✅ Quick and simple payments | ❌ Mainly for advanced users |
| ✅ Secure, non-custodial | ❌ Fees aren't the lowest (2.5%) |
Overview
Bitcoin Voucher Bot is a privacy-focused service designed to help users buy Bitcoin securely and anonymously through Telegram, without the need for KYC (Know Your Customer) verification. Created by Massimo Musumeci in 2019, the bot offers a variety of Bitcoin-related services, including Euro-to-Bitcoin swaps and VPN vouchers, which can be redeemed with no personal information required. The platform supports on-chain, Lightning, and Liquid network vouchers, allowing users to select their preferred transaction method. With a low 2.5% fee, Bitcoin Voucher Bot provides a straightforward process for purchasing Bitcoin, offering flexibility and security while maintaining user anonymity.
In addition to its core voucher services, Bitcoin Voucher Bot also supports features like accumulation plans, which allow users to automate their Bitcoin purchases over time, and a convenient refill function for top-ups. While the bot’s interface is easy to navigate, it is most suitable for users who are somewhat familiar with cryptocurrency transactions. The service operates without relying on centralized exchanges, enhancing security and reducing the risk of data breaches. Its commitment to privacy, simplicity, and non-custodial practices has made Bitcoin Voucher Bot a popular choice for privacy-conscious Bitcoin users in Europe.
Full Review
Andrea Carnimeo
Sideshift.ai
👉 Click here to sign up to SideShift.ai.
Why We Chose It
Sideshift.ai is the only exchange on this list that supports tokens beyond Bitcoin. It’s an excellent option for those who want to swap altcoins or stablecoins for Bitcoin—or the other way around—in a non-custodial and privacy-friendly manner. With trustless swaps and zero fees, it offers a convenient and globally accessible solution.
Key Specs
| Exchange | Availability | Taker / Maker Fees | blockdyor Score |
|---|---|---|---|
| Sideshift | 🌎 Worldwide | 0% (Market price has a premium BTC/L-BTC ~ 2%) | ⭐⭐⭐⭐⭐ 80/100 |
Overview
SideShift.ai operates as a non-KYC, non-custodial crypto-to-crypto swap exchange facilitating seamless swaps between various cryptocurrencies. It supports swaps to and from the Lightning Network, as well as numerous other networks, including Bitcoin's main chain and Liquid Bitcoin, alongside a plethora of other digital assets.
While SideShift.ai does not support fiat currencies, its extensive selection of cryptocurrencies and networks makes it an optimal solution for swapping digital assets for Bitcoin on the Lightning Network. Users can receive their Bitcoin directly into Lightning network wallets such as Aqua, Breeze, Phoenix, or any preferred Lightning wallet.
The exchange prices on SideShift.ai include network fees, offering convenience albeit with a slight premium, as all associated fees are integrated directly into the exchange rates.
Full Review
Andrea Carnimeo
Deep Dive Into The Problem With Coinbase
After introducing some of the best alternatives, it’s worth revisiting the long-standing issues that have plagued Coinbase over the years. These concerns, ranging from privacy to usability, have driven many to seek other platforms. Here’s a breakdown:
1. KYC (Know Your Customer)
While KYC is a standard regulatory requirement, it’s often seen as a significant inconvenience—especially for a technology like Bitcoin, which was designed to be pseudonymous and resistant to surveillance. Coinbase enforces strict KYC, requiring users to submit extensive personal information. This can include identification documents, proof of address, and even video recordings holding your ID.
For those accustomed to traditional banking, such practices might feel routine. However, for a system rooted in decentralization and privacy, this is a direct contradiction of Bitcoin’s ethos. It’s even more problematic for users of privacy-focused cryptocurrencies like Monero or Zcash, where KYC completely undermines the purpose of these tokens.
2. Custodial Practices
Despite being the largest U.S.-based exchange, Coinbase dragged its feet for years before finally enabling Lightning Network withdrawals, a feature that other major exchanges like Kraken and Bitfinex implemented much earlier. It wasn’t until a collaboration with Lightspark that Coinbase introduced Lightning support.
Even so, the platform has been criticized for its withdrawal process. While on-chain withdrawals are available, the user interface seems to obscure options for moving funds to self-custody. This discourages users from taking full control of their Bitcoin. Additionally, withdrawing larger sums often triggers requests for even more documents, adding friction to the process.
3. Ease of Use
At first glance, Coinbase might seem beginner-friendly, but its cluttered interface tells a different story. Upon logging in, users are immediately bombarded with information about “Top Movers,” a parade of altcoins, meme tokens, and other highly speculative assets.
This focus on irrelevant or manipulative tokens detracts from a straightforward experience for Bitcoin enthusiasts. If someone simply wants to buy or sell Bitcoin, they’re forced to navigate through a minefield of staking options, speculative assets, and distracting promotions. For a platform claiming accessibility, Coinbase often overcomplicates the process.
4. Reliability
Coinbase has earned a reputation for being unreliable during critical moments. Its frequent outages, particularly during Bitcoin bull runs, have sparked frustration across the community. Influencers like British HODL have sarcastically dubbed the Coinbase team the “Bullrun Prevention Team,” as the platform often crashes during price surges.
#Bitcoin Bull Market Prevention Team at @coinbase is over the LZ, 2 clicks from objective, will bulls make them turn back to base and call for extraction this time? https://t.co/f0uRXkvisY
— BRITISH HODL ❤️🔥🐂❤️🔥 (@BritishHodl) October 14, 2024
Interestingly, these issues don’t seem to occur when Bitcoin prices are dropping, leading some to question the reliability—or intentions—of the platform during volatile market conditions.
Bottom Line
While we’ve outlined several of the major issues with Coinbase—such as its strict KYC practices, unreliable platform performance, custodial focus, and distracting interface—it’s important to note that this is only scratching the surface. For instance, we didn’t even touch on the platform’s notoriously lackluster customer service, which has left countless users frustrated when trying to resolve issues.
The good news is that there are better Coinbase alternatives available. The exchanges and platforms we’ve highlighted prioritize delivering high-quality services, often focusing on a single coin like Bitcoin or a carefully curated selection rather than overwhelming users with thousands of tokens. They emphasize non-custodiality, giving users control of their funds, and are designed to operate with high reliability and uptime.
These alternatives also provide an experience that aligns more closely with the principles of decentralization and privacy, often paired with responsive and effective customer support. Whether you’re looking for an easier way to manage your Bitcoin, better privacy, or just a more user-friendly approach, these platforms represent a clear step up from Coinbase.