Crypto.com | Coinbase | |
---|---|---|
Bank Account | Free | 1.49% |
Wallet Conversion Fee | Free | 1.49% |
Debit/Credit Cards | 2.99% | 3.99% |
ACH Transfer | Free, with a minimum of $20 | Free |
Wire Transfer | Free, with a minimum of $5,000 | $10 deposit, $25 withdrawal |
Crypto Conversion | Free | Up to 2% spread |
Trades | Maker-taker model based on 30-day trading volume | Maker-taker model |
Maker-taker fees for Crypto.com differ according to your 30-day trading volume:
- $0 to $25,000: 0.40% maker, 0.40% taker
- $25,001 to $50,000: 0.35% maker, 0.35% taker
- $50,001 to $100,000: 0.15% maker, 0.25% taker
- $100,001 to $250,000: 0.10% maker, 0.16% taker
- $250,001 to $1,000,000: 0.09% maker, 0.15% taker
- $1,000,001 to $20,000,000: 0.08% maker, 0.14% taker
- $20,000,001 to $100,000,000: 0.07% maker, 0.13% taker
- $100,000,001 to $200,000,000: 0.06% maker, 0.12% taker
- $200,000,001 and above: 0.04% maker, 0.10% taker
In comparison, Coinbase charges a higher rates that are a bit higher:
- $0 to 10,000: 0.50% taker, 0.50% maker
- $10,000 to 50,000: 0.35% taker, 0.35% maker
- $50,000 to 100,000: 0.25% taker, 0.15% maker
- $100,000 to 1,000,000: 0.20% taker, 0.10% maker
- $1,000,000 – 10,000,000: 0.18% taker, 0.08% maker
- $10,000,000 to 20,000,000: 0.18% taker, 0.08% maker
- $20,000,000 to 50,000,000: 0.15% taker, 0.05% maker
- $50,000,000 to 100,000,000: 0.15% taker, 0.05% maker
- $100,000,000 to 300,000,000: 0.10% taker, 0.02% maker
- $300,000,000 to 500,000,000: 0.08% taker, 0.00% maker
- $500,000,000 to 750,000,000: 0.06% taker, 0.00% maker
- $750,000,000 to 1,000,000,000: 0.05% taker, 0.00% maker
- $1,000,000,000 to 2,000,000,000: 0.04% taker, 0.00% maker
- $2,000,000,000+: 0.04% taker, 0.00% maker
Crypto.com vs. Coinbase: Ease of Use
Both platforms offer web or app-based trading. Although the mobile apps and browser tools are intuitive and easy to use, the exchanges look different. Coinbase takes a simple approach, making it easy to navigate the website or figure out your next steps.
In contrast, Crypto.com provides several products, and the website can be overwhelming at first glance. Beginners new to trading may feel more comfortable using Coinbase until they understand the terminology and types of transactions supported.
Crypto.com vs. Coinbase: Access
Coinbase is available in more than 100 countries including the U.S., Canada, Singapore, United Kingdom, and 39 European countries. However, residents of Hawaii can’t use Coinbase. New York residents may face restrictions.
Although New York investors can’t use Crypto.com, Hawaii residents can. Moreover, it’s available to residents in over 100 countries, including the U.S., Australia, Singapore, Canada, and the U.K. DAI is not available in Connecticut. PAXG isn’t available in Connecticut and Texas. In total, 22 coins aren’t available to U.S. residents.
Final Verdict
Ease of use, low fees, and a nice selection of coins make up some of the best cryptocurrency exchanges. Although Crypto.com has a slight learning curve, the website and app are user-friendly and easy to navigate. Additionally, the costs are lower than Coinbase, and there’s a broader range of currencies. Combined with multiple discounts and products, such as crypto payment for purchase options, these reasons earn it a top spot over Coinbase.
Frequently Asked Questions (FAQs)
What Are Crypto.com and Coinbase?
Crypto.com and Coinbase are crypto exchange platforms that let investors buy and sell popular and lesser-known cryptocurrencies. Users can keep funds in their online account or transfer to their account using various methods, such as a credit card, wire transfer, or ACH withdrawal. Both are excellent options for people wanting to invest in cryptocurrency or earn small amounts of crypto in exchange for using or learning on the platform.
How Do Crypto.com and Coinbase Work?
Crypto.com and Coinbase use similar verification methods once users sign up for an account. Once the account is verified, investors can deposit money via ACH, wire transfer, PayPal, or a credit or debit card.
To trade on Crypto.com, navigate to the Markets page, choose your coin and click Trade. On Coinbase, simply click Get Started to see a list of crypto assets. Both platforms require investors to decide how much to purchase and show fees before the trade is finalized.
Regardless of the exchange used, to get the most out of crypto trading, it’s essential to learn the basics of investing, find the cheapest ways to deposit funds (usually ACH), and decide what security measures you want to take.
Are Crypto.com and Coinbase Safe?
Yes, Crypto.com and Coinbase are safe and use security measures that are industry-standard or above for U.S.-based residents. Although Crypto.com is based in Hong Kong, where some rules may be different, it prioritizes security equally to Coinbase. Both exchanges are well known in the space and employ bug bounty hunters to root out potential security issues.
Who Should Use Crypto.com vs. Coinbase?
First-time traders who don’t understand the terminology and process may prefer the simplicity of Coinbase along with the educational materials provided. It’s an excellent starter platform, and once investors are familiar with trading, the Coinbase Pro app is a free upgrade and offers cheaper fees.
However, if you have a basic understanding of cryptocurrency and want to stake CRO, you can take advantage of many benefits on Crypto.com. The more an investor stakes, the lower the costs. Even without staking CRO, it’s less expensive to trade on Crypto.com. Furthermore, you’ll have access to several Visa cards and gift cards that you can use to earn and spend crypto.
Methodology
We evaluated Crypto.com and Coinbase by looking at overall ease of use, from the experience on the website to the mobile apps. Plus, we compared total available coins versus crypto not available for U.S. investors. We also considered how the fees stack up when trading, security measures, and the potential to earn crypto to get a discount on fees. To top it off, we checked out unique features on both platforms, such as the educational resources on Coinbase and the Crypto Pay options on Crypto.com.
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