Crypto.com vs. Coinbase

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Crypto.com vs. Coinbase

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Crypto.com and Coinbase are two well-known cryptocurrency exchanges that provide a native coin. Users may buy, sell, or trade cryptocurrencies on both exchanges. They also give top-tier security and a digital wallet. The USD currency (USDC) from Coinbase is a dollar-stable coin, which means that one USDC equals one dollar. In instance, Crypto.com offers a Crypto.com currency (CRO), the value of which varies. Users may also win prizes for staking it.

Although both sites are popular, Crypto.com is less expensive for the majority of consumers. Both operate on a maker-taker fee system. Crypto.com is less expensive for low volume takers, which is where the majority of customers will fall. However, depending on your trading activity, Coinbase comes out cheaper at specific points in the fee schedule. If you buy cryptocurrency through the firm, you will be charged set costs rather than maker-taker trading fees. Crypto.com offers extensive benefits, including options to earn cryptocurrency and interest on deposits. Coinbase, on the other hand, distinguishes out for its simplicity of use and educational chances to earn cryptocurrency.

We compared the offered currencies, fees, unique features, and security of both exchangers. Furthermore, we investigated how access levels change across investors in different U.S. locales.

Cryptocurrency exchanges, unlike conventional brokerage companies, are not members of the Securities Investor Protection Corp. (SIPC).As a result, unless the user agreement states otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange may lose their money as unsecured creditors.

Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly speculative and dangerous, and markets may be quite volatile. Before making any financial choices, get the advice of a trained specialist. Investopedia or the author make no suggestion to invest in cryptocurrencies, nor can the accuracy or timeliness of the material be guaranteed.

Crypto.com

  • Fees range from 0.04% to 0.4% for makers, 0.1% to 0.4% for takers, and 2.99% for credit card transactions.
  • Currencies: 250+
  • Security features include two-step authentication, FDIC-insured USD balances up to $250,000, platform theft insurance, cold storage, and a bug bounty program.
  • Wallet: Multi-factor authentication, biometrics, and locally encrypted private keys
  • Buy, sell, transmit, receive, withdraw, and exchange are all supported transactions.
  • Max. Monthly Trading Amount: A monthly withdrawal restriction of 500,000 USD is in effect.

Pros

  • Non-custodial, DeFi Wallet available

  • Added benefits for staking CRO

  • Multiple ways to earn crypto or interest

Cons

  • Customer service isn’t responsive

  • Somewhat limited educational resources

Coinbase

  • Fees: Each transaction may have a maker-taker charge of up to 0.60%.
  • Currencies: 200+
  • Security features include two-step authentication, FDIC-insured USD balances up to $250,000, platform theft insurance, cold storage, and a bug bounty program.
  • AES-256 encryption and multi-signature wallets are available.
  • Buy, sell, transmit, receive, withdraw, and exchange are all supported transactions.
  • Max. Monthly Trading Amount: $500,000 withdrawal limit in either fiat or crypto currency.
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Pros

  • Make transactions using PayPal

  • Earn crypto by learning about trading

  • User-friendly, even for beginners

Cons

  • Some of the highest fees of all exchanges for the typical user

  • Fewer tradable altcoins than Crypto.com

At a Glance

Crypto.comCoinbase
Fees0.04% to 0.4% maker fees, 0.1% to 0.4% taker fees, plus 2.99% for credit card purchasesUp to 0.60% maker-taker fee per trade.
Currencies250+200+
SecurityTwo-step verification, FDIC-insured USD balances up to $250,000, platform insurance against theft, cold storage, and uses a bug bounty programTwo-step verification, FDIC-insured USD balances up to $250,000, platform insurance against theft, cold storage, and uses a bug bounty program
WalletMulti-factor authentication, biometric, private keys locally encryptedAES-256 encryption and multi-signature wallets
Transactions SupportedBuy, sell, send, receive, withdraw, and exchangeBuy, sell, send, receive, withdraw, and exchange
Max. Monthly Trading AmountMonthly withdrawal limit of 500,000 USD$500,000 withdrawal limit in any currency

Crypto.com vs. Coinbase: Features

Both bitcoin exchanges provide a mobile app for Android and iOS smartphones, as well as a digital wallet. However, the platforms’ offers varies. While Coinbase concentrates on basic education, Crypto.com, which began as a crypto payment platform, provides a variety of goods, including Visa cards, crypto pay at checkout, and other methods to earn cryptocurrency.

Coinbase investors value a large collection of bitcoin trading knowledge. Users earn a little amount of bitcoin, generally $3 or more, by completing a course or watching a lecture on different cryptocurrencies. The Coinbase Card is a Visa debit card that generates rewards on every purchase made by Coinbase users. Furthermore, Coinbase has its own currency, the USD Coin (USDC).Users may keep USDC and get a 0.15% yearly percentage dividend (APY).

Unlike Coinbase, Crypto.com provides very little instructional content. Its knowledge base covers the platform’s fundamentals. In the “university” area, there are also several types of articles and a few classes. Instead, it focuses on products:

  • Visa card: There are many card levels available, each of which offers up to 5% CRO rewards on purchases, based on the amount of CRO staked.
  • Crypto Pay: Purchase gift cards with cryptocurrency or choose crypto pay at checkout at certain merchants to pay with cryptocurrency.
  • Crypto Earn: Users may earn up to 14.5% on crypto deposits; however, storing cash on platforms is generally not encouraged.
  • Crypto Credit: Crypto loans allow non-US customers to borrow up to 50% of their crypto assets.

Crypto.com vs. Coinbase: Currencies

Coinbase provides over 200 traded coins, while Crypto.com supports over 250. Both accept common fiat currencies such as USD, EUR, and GBP, as well as coin fractions. Coinbase no longer shares their full list of fiat currencies supported by Crypto.com. Both services have state-specific currency limitations, although both accept Dogecoin (DOGE) and other popular cryptocurrencies.

Crypto.com vs. Coinbase: Security

Coinbase and Crypto.com are extremely secure platforms that provide industry-standard security measures necessary for US operations. Both exchanges provide two-factor (2F) authentication, FDIC protection for USD funds, and insurance against loss or theft. They also employ a bug bounty mechanism to identify flaws. Coinbase holds 98% of its bitcoin in cold storage, however Crypto.com claims to retain 100% of its cryptocurrency in cold storage.

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Each platform includes a digital wallet with advanced security features like as multi-factor authentication and address whitelisting. Whitelisting is not usually required on the Crypto.com wallet and is always optional on Coinbase. Private keys are encrypted locally on the user’s device via the Crypto.com wallet. The trading account at Coinbase does not enable you to maintain your private keys, but the stand-alone wallet allows you to manage and save them on your device.

Crypto.com vs. Coinbase: Fees

The primary difference between the systems is one of price. Crypto.com uses the maker-taker model, with creator costs ranging from 0.04% to 0.40% and taker fees ranging from 0.10% to 0.40%. Credit card use incurs extra costs for investors. Coinbase charges maker costs ranging from 0.00% to 0.40% and taker fees ranging from 0.05% to 0.60%. This makes Crypto.com more affordable for most clients who fall into the highest taker fee group.

On Crypto.com, for example, a low-volume trader purchasing $100 worth of Bitcoin (BTC) through an Automated Clearing House Network (ACH) transfer pays a maker-taker charge of 0.40%. On the same transaction, Coinbase charges maker and taker fees of 0.40% and 0.60%, respectively.

Crypto.comCoinbase
Wallet Conversion FeeFree1%
Debit/Credit Cards2.99%N/A
ACH TransferFree, with a minimum of $20Free
Wire TransferFree, with a minimum of $1,000$10 deposit, $25 withdrawal
TradesMaker-taker model based on 30-day trading volumeMaker-taker model

Maker-taker fees for Crypto.com vary according on your 30-day trading volume:

  • 0.40% maker, 0.40% taker from $0 to $25,000
  • From $25,001 to $50,000, there is a 0.35% maker and a 0.35% taker.
  • From $50,000 to $100,000: 0.15% creator, 0.25% taker
  • From $100,000 to $250,000: 0.10% creator, 0.16% taker
  • From $250,001 to $1,000,000, there is a 0.09% maker and a 0.15% taker.
  • From $1,000,001 to $20,000,000, there is a 0.08% maker and a 0.14% taker.
  • 0.07% creator, 0.13% taker from $20,000,001 to $100,000,000
  • 0.06% creator, 0.12% taker from $100,000,001 to $200,000,000
  • Above $200,000,001: 0.04% maker, 0.10% taker

Coinbase, on the other hand, charges somewhat higher fees:

  • 0.60% taker, 0.40% maker from $0 to $10,000
  • From $10,000 to $50,000, there is a 0.40% taker and a 0.25% maker.
  • 0.25% taker, 0.15% maker on $50,000 to $100,000.
  • $100,000 to a million dollars: 0.20% taker, 0.10% maker
  • 0.18% taker, 0.08% maker: $1,000,000 – $20,000,000
  • 0.15% taker, 0.05% maker from $20,000,000 to $100,000,000
  • From $100 million to $300 million: 0.10% taker, 0.02% maker
  • 0.08% taker, 0.00% maker from $300,000,000 to $500,000,000
  • Above $500,000,000: 0.05% taker, 0.00% maker

Crypto.com vs. Coinbase: Ease of Use

Both services provide trading through online or app. Although the mobile applications and internet tools are simple to use, the transactions seem different. Coinbase has a straightforward approach, making it simple to explore the website and determine your next actions.

In contrast, Crypto.com offers a variety of items, and the website might be confusing at first. Beginners who are new to trading may feel more at ease utilizing Coinbase until they learn the language and transaction types available.

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Crypto.com vs. Coinbase: Access

Coinbase is accessible in over 100 countries, including the United States, Canada, Singapore, and 39 European nations. Residents of Hawaii, on the other hand, are unable to utilize Coinbase.

Although New York investors cannot utilize Crypto.com, residents of Hawaii may. Furthermore, it is accessible to people in over 100 countries, including the United States, Australia, Singapore, Canada, and the United Kingdom.

Final Verdict

Some of the top cryptocurrency exchanges combine ease of use, minimal costs, and a diverse variety of currencies. Although there is a little learning curve with Crypto.com, the website and app are user-friendly and simple to use. Furthermore, the fees are cheaper than Coinbase for the fee category that most users would fall into, and the currency selection is greater. With the addition of several items, such as crypto payment for purchase alternatives, Crypto.com takes the lead over Coinbase.

Frequently Asked Questions

What Are Crypto.com and Coinbase?

Crypto.com and Coinbase are cryptocurrency exchange platforms where investors may purchase and sell popular and obscure cryptocurrencies. Users may retain money in their online account or move them to their account using a credit card, wire transfer, or ACH withdrawal. Both are good possibilities for anyone interested in investing in cryptocurrencies or earning modest amounts of cryptocurrency in return for utilizing or studying on the site.

How Do Crypto.com and Coinbase Work?

When people sign up for an account on Crypto.com or Coinbase, they employ identical verification techniques. Investors may fund their accounts via ACH, wire transfer, PayPal, or a credit or debit card after their accounts have been validated.

To trade on Crypto.com, go to the Markets page, choose your currency, and then click Trade. Simply click Get Started on Coinbase to browse a list of crypto assets. Before the deal is finished, both platforms demand investors to determine how much to buy and show costs.

To get the most out of crypto trading, regardless of the exchange utilized, it’s essential to study the foundations of investing, identify the cheapest means to deposit cash (typically ACH), and select what security precautions you want to take.

Are Crypto.com and Coinbase Safe?

Yes, Crypto.com and Coinbase are secure and use industry-standard or higher security measures for residents of the United States. Although Crypto.com is situated in Singapore, where certain regulations may vary, it stresses security in the same way that Coinbase does. Both exchanges are well-known in the industry and use bug bounty hunters to identify possible security concerns.

Who Should Use Crypto.com vs. Coinbase?

First-time traders who are unfamiliar with the language and method may enjoy Coinbase’s simplicity as well as the training tools supplied. It’s a good starting point, and if investors are comfortable with trading, the Coinbase Pro app provides a free upgrade with lower costs.

However, if you have a basic grasp of cryptocurrency and want to stake CRO, Crypto.com offers several advantages. The more an investor invests, the more they profit. For most customers, trading on Crypto.com is less costly even without staking CRO. You’ll also have access to multiple Visa cards and gift cards that you may use to earn and spend cryptocurrency.

Methodology

Investopedia is committed to assisting individuals interested in cryptocurrency investment in making sound judgments. We are dedicated to provide our readers with honest evaluations of the best cryptocurrency exchanges for all levels of investment.

We evaluated Coinbase and Coinbase Pro based on the variety of features available, such as trading kinds, buy and withdrawal methods, and supported currencies. Furthermore, we evaluated the overall usability of online browsers and mobile applications. We also took into consideration the pricing structure and security standards for both account types as well as the Coinbase Wallet.

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