6 Best Coinmama Alternatives in 2022 (Sites & Apps Like Coinmama.com)

Last Updated: September 12, 2022
If you are interested in finding the best alternatives for Coinmama, let us help you with our professional opinions.
Best Coinmama Alternatives
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The best Coinmama alternative in 2022, as found in our independent testing, is Pionex!


As per the latest stats, more than 10,000 cryptocurrencies are in the market. And they create around a $2 trillion market cap with about $90 billion daily volume.

Crypto investments are gaining trust among stock investors, and many people are coming forward to put their money on cryptocurrencies.

It is as important as choosing the best cryptocurrency exchange, like choosing which cryptocurrency to invest in.

If you use Coinmama and want to switch the platform, this article can help you with suggestions and detailed facts. 

Based on our market research, we have shortlisted the top cryptocurrency exchanges that can replace Coinmama.

Even though the Coinmama platform is nice to use, it has several limitations, such as 

  • It has higher fees than most of the other providers.
  • Coinmama has no crypto wallet or mobile app.
  • There is no option for crypto-to-crypto transactions.

So if you are interested in finding the best alternatives for Coinmama, let us help you with our professional opinions.

Best Coinmama Alternatives in 2022:

Let’s look at the very best Coinmama alternatives to try in 2022. 

  1. Pionex – 🏆 Winner!
  2. eToro
  3. Uphold
  4. Binance
  5. Poloniex
  6. Coinbase

1. Pionex

image 86

Pionex comes first in our list of best Coinmama alternatives in 2022. It was founded in 2019 and has become a huge success quickly.

As the technology advanced, people started utilizing several softwares and codes to create “bots” to perform trading independently.

Today, Pionex has over 100,000 customers, operated by a team of more than 100 experts. 

It is regarded as one of the rapid-growing crypto trading platforms globally. Pionex has free and integrated trading bots, making it unique and beneficial.

The major benefit they achieved from bots is they could trade 24/7.

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However, it was not easy for everyone to perform automated trading using bots. It required great technical skills and investments to create or buy bots.

Before Pionex, traders depended on their strong programming ability to create bots that could trade 24/7.

But not all traders could create their bots and had to rely on renting or buying bots from their creators at a huge cost.

And sometimes, they have to modify the bot’s code to work according to their requirement even after spending a big amount to buy it.

Pionex comes with free and integrated trading bots that need no code-level knowledge to be operated. People can activate the bots and can customize them to their requirements. 

Advantages of using Pionex

Pionex exchange makes it easy to use bots for trading. The most major advantage of using Pionex is that it doesn’t ask for deep tech knowledge for building and customizing bots for trading.

And Instead, it offers easy-to-use bots for traders.

Pionex is Asia’s fast-growing crypto exchange with more than $30 million market trade volume in a day. Now, let’s check out some of the prominent advantages of using

Pionex that lists it among the best Coinmama alternatives:

  • Pionex provides simulated environments to test new strategies.
  • Trading bots doesn’t work based on Emotions like humans. Hence you can achieve emotionless trading based on data.
  • It helps to reduce human errors or delays by using automated bots.
  • The trading bots can reduce the amount of human interaction and time needed to watch market changes 24/7.
  • Rapid trading and transactions, executed faster than individual investors could

Cryptocurrencies Available on Pionex

There are more than 250 coins available on Pionex. Some of the most prominent coins on the platform are:

  • Bitcoin(BTC)
  • Ethereum(ETH)
  • Litecoin(LTC)
  • Dogecoin(DOGE)
  • Uinswap(UNI)
  • Tether(USDT)
  • USD Coin(USDC) 
Pros
  • Pionex is user-friendly and offers a customizable platform interface.
  • More than 250 cryptocurrency funding coins are accepted in Pionex.
  • Pionex support Money Services Business (MSB) license by US FinCEN.
  • Pionex has low trading fees compared with other major exchanges at 0.05%.
Cons
  • Pionex doesn’t provide a demo account
  • Withdrawal fees and limits may apply
  • No fiat deposit or withdrawal options

2. eToro

image 87

eToro was established in 2007 by David Ring, Ronen Assia, and Yoni Assia. eToro launched an innovative social trading application in 2010 that allowed people to copy the successful trades of top traders.

It was one of the first social trading networks globally and got popularity. Professional traders can find several advanced trading features on eToroX(eToro’s crypto exchange).

The CFD(Contract For Difference) platform is beginner-friendly and popular. People can use the CFD platform to buy and sell more than 40 crypto assets on eToroX.

eToro gave access to buy and sell BTC in 2014, and in 2018, ETH and XRP became part of the online platform. Not like any other site like Coinmama, it is more than that.

Advantages of using eToro

eToro has registered offices in countries like the US, UK, Australia, and Cyprus.

We shall check the most important eToro advantages and why you need to look at them when searching for Coinmama alternatives.

  • eToro market value tripled in 2 years, showing the market popularity of the crypto exchange. In 2018, the company gained $800 million market value which became $2.5 billion in the next 2 years.
  • eToro works commission-free.
  • eToro provides extensive customer support using Email and support tickets. There is a specific chat option for eToro club members.

Cryptocurrencies Available on eToro

eToro supports around 43 cryptocurrencies, among which the following are very popular and in-demand:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
Pros
  • Beginners can copy the trading strategy of experienced traders.
  • There is a choice between crypto CFDs and cryptocurrencies.
  • eToro continues to expand its available range of markets as a multi-asset broker with over 3,000 symbols available.
Cons
  • The traditional research materials and tools of eToro are limited compared to its peers.
  • It has a complex fee structure.
  • Trading Central research and tools are only public to certain eToro club members.

3. Uphold

image 88

Uphold is the third platform on our list of the best site like Coinmama. Uphold was established in 2015 by Halsey Miner.

It was introduced as a multi-asset digital money platform that allows users to exchange currencies internationally.

According to companies Linkedin profile, the company’s headquarters is in New York. Uphold has branches in San Francisco, Bragg, London, and Shanghai.

Uphold is more of a “buy and hold” trading platform. It is a simple platform for trading that allows users to view one asset at a time.

Uphold is the best option for beginners since the application provides a less complicated buying process and has educational content regarding crypto assets.

Advantages of using Uphold

Uphold is unique when compared with other crypto exchanges. It provides the opportunity to purchase cryptocurrency, US equities, and precious metals.

Now, we shall check some of the Uphold crypto exchange advantages in detail.

It will help you decide why Uphold holds the position of being among the best Coinmama alternatives.

  •  The platform allows users to trade across currencies without demanding converting their assets back to cash. 
  • Offering service in more than 184 countries worldwide and branches in most US states, and has completed over $4 billion in transactions since the beginning.
  • Uphold is a Cloud Computing-based platform that enables users to move, transfer, and convert cryptocurrencies from any other user anywhere.

Cryptocurrencies Available on Uphold

Unlike the rest of the crypto exchanges, Uphold is reliable and versatile trading.

Uphold offers users a choice from 76 digital currencies, including majors, alt-coins, emerging tokens, and stablecoins. In March 2018, Uphold added Ripple(XRP) cryptocurrency to its platform.

Below are some of the popular crypto coins available on Uphold platform.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Solana (SOL)

However, as per the recent news, Uphold does not support Shiba Inu (SHIBA), Avalanche (AVAX), or Crypto.com (CRO) coins, which are part of the top 20 most popular coins available.

Pros
  • Uphold exchange platform is cost-effective
  • Commission-free trading on every asset
  • User-friendly and is highly customizable
Cons
  • A limited number of assets.
  • Less organized educational section
  • High spread fee.

4. Binance

image 89

Binance comes fourth in our list of best Coinmama alternative sites in 2022. Changpeng Zhao founded the Binance crypto exchange in 2017 in China.

Based on the recent information, Binance has its holding company located in the Cayman Islands.

When China banned crypto trading, Binance moved to Japan. Today, the Binance crypto exchange is available in more than 180 countries.

Binance crypto exchange platform is one of the largest crypto exchanges in the world based on its daily trading volume.

Binance has plans to set up headquarters in different countries but has received some negative customer feedback from users.

Advantages of using Binance

Despite some concerns about the platform and a few negative reviews, Binance had to make it to the list of promising Coinmama alternatives.

This crypto exchange platform provides sophisticated customer support, global trading options for international users, and low fee rates.

  • It has more than 365 cryptocurrencies available for trade on its exchange.
  • It supplies various order types: limit order, stop order, stop-market order, stop-limit order, and trailing stop order.

Cryptocurrencies Available on Binance

According to the latest crypto stats, Binance offers around 400 cryptocurrencies in its exchange for trade. However, around 65 are only available in the US.

And Binance also supports Fiat currencies such as AUD, USD, EUR, GBP, HKD, INR, etc., which is helpful for international users.

And another interesting factor is the versatility of the Binance platform to provide various options based on customer location.

We shall check out some of the Binance cryptocurrencies below:

  • Cosmos (ATOM)
  • VeChain (VET)
  • Bitcoin (BTC)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Litecoin (LTC)
Pros
  • Low fees compared to other competitors.
  • It has plenty of other services along with trading.
  • It has an extremely massive coin selection.
Cons
  • The user account verification is complicated
  • Due to several regulatory issues, the US version of Binance is limited.
  • Not globally available

5. Poloniex

image 90

Poloniex is a decentralized crypto exchange that offers lending, margin trading, and related crypto products. Poloniex was launched in 2014 by Tristan D’Agosta.

It was later sold to Circle, an online payments company, in 2018. In 2019, the companies headquarters was relocated to Bermuda from the USA due to securities regulators.

One of the major attractions of Poloniex is its affordable fee rates for a wide selection of assets and features, meeting all requirements of crypto traders.

Poloniex offers an international platform that allows users to buy, sell, and trade cryptocurrency.

Unlike other exchange platforms, Poloniex allows its users the option to lend crypto(not every crypto), and users can earn interest from lending their crypto. 

Advantages of using Poloniex

  • Low trading fees of Ploniex and a collection of about 272 cryptocurrencies make this platform impressive.
  • Poloniex offers a spot trading experience for customers who want to trade crypto pairs. And a margin trading option for those who want to use leverage.
  • Poloniex allows users to buy crypto with a Visa card, bank account, Mastercard, or Apple Pay.
  • Poloniex allows crypto-to-crypto trading.

Cryptocurrencies Available on Poloniex

Poloniex has an extensive collection of more than 200 cryptocurrencies. The most popular cryptocurrencies in the Poloniex platform are the following:

  • Bitcoin (BTC
  • Ethereum (ETH)
  • Ripple (XRP)
  • Tron (TRX)
  • Polkadot (DOT)
  • Shiba Inu (SHIB)

You can check the availability of new cryptocurrencies added to the platform from this link: Poloniex’s full list.

However, certain cryptocurrencies such as Fetch.ai (FET), Solana (SOL), etc., are not supported by Poloniex. 

Pros
  • Poloniex has a large cryptocurrency selection.
  • Low fees at any trading volume
  • Competitive fee structure
  • More than 250 currencies supported
Cons
  • Poor customer support
  • Not available in the U.S.
  • Lack of strong security
  • Not beginner-friendly

6. Coinbase

Coinbase

​​

Coinbase is a decentralized company that has no main headquarters. It was established in 2012 as a channel to buy and sell Bitcoin.

Later the company gained wide popularity and started accommodating hundreds of cryptocurrencies on its platform.

Coinbase is one of the US’s most designated and trusted cryptocurrency exchanges.

Coinbase has 43 million verified users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries, according to Wikipedia stats. Around 2700 employees are working in Coinbase. 

Coinbase has a simple interface convenient for beginners, and the extensive collection of education materials can guide them to perform their first crypto exchange through the platform. 

Advantages of using Coinbase

Coinbase is a cryptocurrency investing and trading platform that offers users the ability to buy, sell, and exchange over 100 cryptocurrencies.

It loads up with amazing features that make it a great choice for any who seeks Coinmama alternatives.

  • Coinbase supports around 9,000 financial institutions.
  • It is a large enterprise with over 73 million users and $255 billion in assets on the crypto exchange platform.
  • Coinbase offers the original platform for simple buy and sells orders, and advanced users can access additional features and order types through Coinbase Pro. It is available for any Coinbase user

Cryptocurrencies Available on Coinbase

More than a hundred cryptocurrencies are available on the Coinbase list, and they are regularly updating their list. It is a huge task to detail all the Coinbase cryptocurrencies here.

However, let’s have a look at the most favored cryptocurrencies on Coinbase:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Algorand (ALGO)
  • Shiba Inu (SHIB)
Pros
  • It has a higher liquidity rate.
  • Extremely easy-to-use exchange.
  • Well-designed mobile apps.
Cons
  • It’s quite expensive. Especially when using a debit card or credit card.
  • No control over wallet keys.

Conclusion

So we have successfully completed our review analysis to find out the best Coinmama alternatives to try in 2022. 

As you can see, all suggestions mentioned here are well built for trading cryptocurrencies in 2022.

However, based on salient features and customer requirements, some platforms may be more suitable than the rest. If you ask us to choose the best among them, our choice is Pionex

Let us pinpoint the key reasons why we prefer Pionex over other cryptocurrency exchange platforms:

  • Eighteen unique trading bots help anyone trade even without in-depth trade knowledge.
  • The platform offers proper security.
  • Unique cryptocurrency exchange with a wide range of features.
  • Simple design that helps everyone to perform trading.
  • It has very low fees(0.05%), no matter your trading volume.

Well, we would like to know your favorite crypto exchange platform, like Coinmama, among the ones mentioned.

Comment on your favorite platforms and let us know why you picked them!

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Written by Thomas McGovern

Thomas has over a decade of experience with blockchain and cryptography. He writes regularly for EarthWeb and holds a M.S. in Mathematics.
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