Coinbase alternative for selling USDC for local money
In many countries Coinbase cashes out only by international wire, or not at all. There, sell USDC or USDT on Unigox, a Coinbase alternative, for local money. To trade other coins, or where Coinbase pays your currency, stay.
When to stay with Coinbase
You cash out to a US bank
Unigox does not currently offer its services in the United States, and Coinbase covers this job there. It converts USDC to dollars with no processing fee below $5 million of net conversions in 30 days. It can pay eligible customers instantly to an RTP bank account, up to $100,000 a transfer.
Coinbase already pays your currency
Coinbase cashes out by Interac e-Transfer in Canada, SEPA in the EU, Faster Payments in the UK, Pix in Brazil, FAST in Singapore and PayID or BSB in Australia. There, selling on Coinbase and withdrawing needs no second app.
You hold a USD account in the UAE and move large sums
Coinbase's own charges on a dollar wire from the UAE stop at US$5 plus S$100, before your bank's receiving fee. If your account takes dollars and you can wait 3 to 4 business days, that route can cost less. Check both on the day.
Coinbase vs Unigox for cashing out stablecoins
| Topic | Coinbase | Unigox |
|---|---|---|
| What it is | An exchange app: buy, sell and convert crypto at a quoted price, trade on the order book in Coinbase Advanced, stake coins for a commission and spend with the Coinbase Card. | A marketplace for selling stablecoins for local money: a P2P merchant or a payment business buys your USDC or USDT and pays you. |
| Cash out in the UAE | Served by Coinbase Singapore. The one way out is a SWIFT wire to a USD bank account, in 3 to 4 business days. It costs a US$5 processing fee and a 0.125% outgoing wire fee (S$30 minimum, S$100 maximum), plus your bank's fee to receive it. | A sale for local money, paid to your bank or mobile money account, in the currencies Unigox lists for selling that day. Check that dirhams are listed for selling before you send. |
| Cash out in Argentina | Peso services paused: no selling USDC for pesos and no withdrawals to local banks. Crypto-to-crypto trading and sending stay open. | A sale to a P2P merchant or a payment business that pays local money, in the currencies Unigox lists for selling that day. Check that pesos are listed for selling before you send. |
| Fees | A spread inside the quoted price on simple buys and sells, plus a Coinbase fee that varies with payment method, order size and location. Both show on the order preview. Cash-out fees depend on the payment method. | The Unigox fee is inside the rate you see for your amount, before you confirm. |
| Moving stablecoins into the sale | On-chain sends carry a network fee that Coinbase estimates and shows before you send. USDT withdrawals add a 0.01% processing fee, at most 20 USDT. Funds sent on the wrong network cannot be recovered. | Your Unigox Wallet shows a USDC or USDT deposit address for the network you pick and warns that another token or network can lose the funds. During a trade the crypto sits in an on-chain escrow that Unigox can release only to the buyer or the seller. |
| Identity check | Verify your Coinbase account first. A payment method must carry the same name; a mismatch goes to manual review for one to three business days. | Identity verification before the first sale, at any amount. |
UnigoxFrom a Coinbase balance to local money in three steps
Verify before you send
Create a Unigox account and pass identity verification. No sale opens before it, however small.
Send USDC from Coinbase
In the Coinbase app open Pay, or on coinbase.com choose Send crypto. Pick USDC and the amount, paste the deposit address your Unigox Wallet shows, select the same network, preview and send.
Sell the USDC for local money
Choose your currency and amount, accept the rate and add the account to be paid. Selling to a P2P merchant, you confirm the money arrived and the escrow releases the USDC to them.
Coinbase alternative: common questions
Is Unigox a Coinbase alternative for cashing out?
For one job, yes: a P2P merchant or a payment business buys your USDC or USDT and pays local money to your account. It is not an exchange. To buy bitcoin, stake or trade on an order book, Coinbase does more.
Which Coinbase competitors pay out without a SWIFT wire?
Unigox is one, for stablecoins, in the currencies it lists for selling. Coinbase customers in the UAE can cash out only to a USD bank account by SWIFT, which takes 3 to 4 business days and costs a US$5 processing fee plus a 0.125% wire fee of S$30 to S$100.
See all comparisonsAre there apps like Coinbase that pay out to a local bank?
Coinbase itself does in the US, Canada, the EU, the UK, Brazil, Singapore and Australia. Where it does not, as in Argentina while its peso services are paused, Unigox may: if your currency is listed for selling, a buyer of your USDC or USDT pays your account.
How do I send USDC from Coinbase to Unigox?
Copy the USDC deposit address and network from your Unigox Wallet. In Coinbase, send USDC to that address on the same network. Coinbase shows the network fee in the preview and cannot recover a send on the wrong network.
Price a USDC sale before you send it
Enter your amount on Unigox to see the rate with the fee inside, before you confirm. From the UAE, set it next to Coinbase's processing fee, its wire fee and what your bank charges to receive the wire.
Coinbase and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.