Coinbase Vs Crypto.com

Coinbase Vs Crypto.com 2022 [Pros, Cons, & Pricing]

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Coinbase Vs Crypto.com

It can be difficult to decide where to buy, trade, and hold cryptocurrency once you have made your first purchase. Users have many options, and most crypto exchanges offer a wide range of services; many of these are difficult to distinguish from one another.

This guide will compare two of the better-known cryptocurrency exchanges, Coinbase and Crypto.com. Both Coinbase and Crypto.com have a large selection of products. We’ll compare Crypto.com and Coinbase to see how they perform in terms of security, fees, available cryptocurrencies, and other factors. Our detailed Crypto.com Vs. Coinbase comparison will help you decide which of these exchanges is the best fit for your financial needs.

Let’s compare Coinbase Vs Crypto.com!

A Quick Overview of Coinbase

Coinbase, one of the oldest cryptocurrency exchanges, was the first to provide an easy-to-use brokerage platform for users to purchase and sell Bitcoin. Coinbase listings have become synonymous with assets receiving new pumps. Here are some of the pros and cons of this cryptocurrency platform.

Pros

  • It’s simple to use.
  • There are many options available to users depending on their trading experience.
  • Different options are available for fiat deposits or withdrawals.
  • High liquidity.

Cons

  • The platform has struggled to keep up with high-volume trades in the past.

Crypto.com Quick Overview

MCO was the source of Crypto.com, which was launched in an ICO in 2017. Their original idea was to create a crypto-credit card to help usher in the mass adoption of cryptocurrency. Since then, they have expanded their value offer to include Crypto.com, a cryptocurrency exchange with lending services and staking. The mobile application has a lot of features and is competitive in the crypto market. A key feature is crypto credit. Here are some of Crypto.com’s key pros and cons.

Pros

  • Regular discounts are known as “Syndicate Events” and can save users up to 50% on select coins.
  • Soft staking: Users can earn up to 5% on deposits.
  • Earn up to 20% in interest by placing CRO.
  • Users will find the interface user-friendly.
  • Trade competitions and participation incentives.

Cons

  • This exchange is relatively new and has not yet built up a track record with which to judge it.
  • Some market watchers are concerned about Crypto.com’s worry business model because of the high stakes.

Coinbase Features

Coinbase offers a few unique trading features, which might be of interest to you. Coinbase Earn is one of the most popular features. Coinbase Earn teaches you about various cryptocurrencies. Coinbase will credit your account for the cryptocurrency you have just learned by answering a few questions and watching a video.

Coinbase also offers a conversion feature. You can convert any cryptocurrency to another supported asset using this trading feature. You don’t have to sell your cryptocurrency and then purchase another cryptocurrency. This conversion feature is free and easy to use.

RELATED: Check Out Our Coinbase Review.

Crypto.com Features

Crypto.com offers a more robust ecosystem than any other trading platform. The site allows you to do more with your cryptocurrency. Crypto.com’s crypto-back debit card is a popular feature. This allows users to use their cryptocurrency to pay with a debit card and earn rewards in cryptocurrency.

You can also earn interest on your stablecoins and cryptocurrency. Stablecoins are currently earning 12% annually in interest while cryptocurrencies can earn up to 6.5% annually.

Crypto.com vs. Coinbase: Features

Both crypto exchanges offer an app for Android and iOS that can be used to access their digital wallets. There are differences in the offerings between the platforms. Coinbase focuses on beginner training, while Crypto.com was founded as a crypto payment platform. It offers several products like Visa cards and crypto pay at check. There are also many ways to earn cryptocurrency.

The vast library of information available to Coinbase customers about cryptocurrency trading is a huge asset. You can earn a little cryptocurrency just by watching a lesson or taking a course about altcoins. You can also wait on the Coinbase Visa debit cards, which will allow users to earn unique crypto awards. Coinbase offers USD Coin (USDC), a native coin. USDC can be held by users to earn a 0.15% annual percentage return (APY).

Crypto.com does not offer any educational material, which is a big difference from Coinbase. The knowledge base covers all aspects of the platform. You will also find a blog and a few lessons in the “university” section.

Visa Card: There is a range of card tiers with up to 8% CRO on purchases, depending upon the amount of CRO staked.

CryptoPay: Use crypto to buy gift cards or crypto pay at the checkout at select retailers to pay with crypto.

Crypto Earn: Users may earn up to 12 percent on crypto deposits. However, it’s not recommended that users store currency on the platforms.

Crypto Credit: Crypto loans can be used by non-U.S. users to borrow up to 50% of their crypto collateral.

Crypto.com vs Coinbase: Fees

When using cryptocurrency exchanges and apps, there are three major fees: withdrawal, trading, or deposit. Prices can vary depending upon the cryptocurrency, payment method used, trade amount, and location.

Coinbase and Crypto.com do not charge any fees for depositing money via bank transfer. However, both companies charge for debit card payments. Most exchanges allow you to deposit cryptocurrency for free, but it costs you to transfer fiat money (traditional money) from a bank account.

Coinbase isn’t transparent enough about crypto trading fees. It says they are calculated at the time you place your order, but it doesn’t publish their maker/taker fees like other sites.

If you wanted to purchase $200 worth of Bitcoin using a Coinbase debit card, you would pay a Coinbase fee (of 3.99%) and spread of 0.5%. You may see a change in the spread after you trade. Coinbase Pro makes it easier to understand and charges fewer fees.

You’d have to pay 2.99% for a Crypto.com debit card, and 0.4% for a maker/taker trade fee. The fee is lower for customers who trade more or stake Crypto.com coins (CRO). For new customers, Crypto.com waives the credit/debit card fee within the first 30 days.

Coinbase does not disclose the withdrawal fee, just like its trading fees. You can move money to Coinbase for free, but you will need to pay a variable fee if you want to transfer your crypto assets to another external wallet. Crypto.com, on the other hand, publishes each cryptocurrency’s withdrawal fees, but it’s free for assets to be moved to the Crypto.com wallet.

Crypto.com fees are generally lower. However, Coinbase offers additional deposit options such as PayPal transfers.

Crypto.com vs Coinbase: Security

Crypto.com provides a highly secure platform. All cryptos of users are kept in cold storage offline. Ledger Vault is an institution-grade custodian. Fiat currencies may be kept in FDIC-insured custodian bank accounts. Crypto.com has been awarded the ISO/IEC 27701 2019 Certification in 2020. This was after rigorous third-party auditing. This is the first time that a cryptocurrency company has achieved this standard. This certification is an enhancement to Crypto.com’s ISO/IEC 27001 2013 Information Security Management System (ISMS). Crypto.com has strict policies and procedures. It has also committed that it will continue to improve to keep its highly coveted certification status. Crypto.com also provides insurance coverage if crypto assets are compromised.

Coinbase has multi-layered security that includes biometric logins (2FA), face ID, fingerprint, and data encryption. The company also has paper backups and USB drives, which are located in safes and vaults all over the world. All Coinbase employees have to pass a criminal history screening and have their hard drives encrypted. Coinbase has 98% of its digital assets stored in cold storage. The company also offers crime insurance to protect digital assets in case of a cyberattack.

RELATED: Koinly Crypto Tax Review.

Altcoins supported: Coinbase vs. Crypto.com

These two sites support Bitcoin, Ethereum, and many other altcoins. Some exchanges may not support certain altcoins. Before opening an account on a crypto exchange, make sure you check the availability of cryptocurrencies on the trading platform.

Top Altcoins at Coinbase

  • Celo
  • Civic
  • Livepeer
  • Augur
  • Tellor
  • USDC
  • Zcash

Top Altcoins at Crypto.com

  • Shiba Inu
  • The Sandbox
  • RUNE
  • Axie Infinity
  • CRO
  • DGB
  • WAVES
  • AVAX
  • ARDR
  • NANO
  • Lisk
  • Golem
  • RARI
  • PancakeSwap
  • ICX
  • TRB
  • XCH
  • SLP
  • Compound
  • VeChain

Cryptocurrencies available on both Coinbase and Crypto.com

  • Bitcoin
  • Ethereum
  • Litecoin
  • Enjin
  • AMP
  • Solana
  • Barnbridge
  • Omisego
  • KEEP
  • Kyber Network
  • Synthetix
  • SKALE
  • Chainlink
  • Origin
  • Algorand
  • BAND
  • CurveDAO
  • Filecoin
  • Polkadot
  • Balancer
  • Dash
  • Bancor
  • EOS
  • Chilliz
  • Dogecoin
  • Wrapped Bitcoin
  • UMA
  • LUNA
  • Siacoin
  • Uniswap
  • Yearn.finance
  • Cartesi
  • RLC
  • REN
  • Loopring
  • Polygon
  • Ethereum Classic
  • Mirror
  • Stellar Lumens
  • Cardano
  • Bitcoin Cash
  • Decentraland
  • Quantity
  • XTZ
  • Cosmos
  • SushiSwap
  • NMR
  • NKN
  • 1inch
  • Ampleforth
  • Aave
  • ANKR

Crypto.com VS Coinbase: Sign up Process

Both Coinbase and Crypto.com offer great options for first-time crypto buyers. However, Coinbase lets you purchase crypto assets up to $9,000 with phone verification. Crypto.com requires you to verify your phone to make any purchases. Signing up with the Crypto.com mobile application is easy for you to get verified. Once verified, your exchange account will be automatically activated. You can then access all features of the app and exchange them immediately after verification.

Crypto.com vs Coinbase: Beginner Friendliness

Coinbase is the best option for beginners. It is simple to use and offers a simple buy-sell platform.

There are better options if you’re looking to make your first crypto purchase. Coinbase Pro is more comparable to Crypto.com.

Crypto.com vs. Coinbase: Ease Of Usage Comparison

Both platforms support web-based and app-based trading. Although both platforms are easy to use and intuitive, the exchanges are very different. Coinbase makes it simple to navigate its website and find your next steps.

Crypto.com offers many products that can seem overwhelming at first glance. Beginning traders who are not familiar with trading terminology may find Coinbase easier until they become more familiar with the types of supported transactions and the terminology.

Crypto.com vs. Coinbase: Country and International Access

Coinbase is currently available in more than 100 countries including the United States and Canada. It has 39 European countries. Coinbase is not allowed to be used by residents of Hawaii. Residents of New York could also be subject to restrictions.

Crypto.com cannot be used by New York investors. But residents of Hawaii may. It’s also available for residents of more than 100 countries, including Canada and Australia. The Connecticut DAI does not exist. PAXG is not offered in Connecticut or Texas. There are 27 coins total that aren’t available to U.S. residents.

Frequently Asked Questions (Faq)

What are Crypto.com and Coinbase exactly?

Crypto.com and Coinbase allow investors to buy and sell cryptocurrencies. You can either keep your funds online or transfer them to your account via wire transfer, credit card, or ACH withdrawal. These are great options for anyone looking to invest in cryptocurrency or make small amounts of crypto for learning or using the platform.

How do Crypto.com and Coinbase work?

After users register for an account, Crypto.com or Coinbase use the same verification methods. Investors can deposit money using ACH, wire transfer, or PayPal after verification.

Navigate to Crypto.com’s Markets page and select your coin. Click Trade. To see a complete list of cryptocurrency assets, click on Coinbase to get started. Both platforms require that investors decide how much they want to buy and pay fees before a trade can be completed.

Users will need to understand the basics of investing and find the cheapest way to deposit funds (usually ACH), as well as decide on the security measures that they want.

Are Crypto.com or Coinbase safe?

Yes, Crypto.com as well as Coinbase are secure and employ industry-standard security measures for residents of the United States. Crypto.com is located in Hong Kong and may have different rules, but it places security at the same level as Coinbase. Both exchanges are well-known in the space. They employ bug bounty hunters who can help to identify potential security problems.

The Final Verdict

Coinbase and Crypto.com both offer excellent cryptocurrency exchanges, with services that can be tailored to the needs of different customers. Coinbase is more expensive, but its extensive information and simple-to-use trading platform could be very useful for crypto investors who are just starting. It accepts PayPal payments, and you can earn cryptocurrency by watching educational videos. You don’t need to meet any other requirements for the Coinbase Visa Debit Card. It pays crypto rewards for all purchases.

Crypto.com has more ways to make staking rewards, offers a wider selection of coins, and charges lower fees. Although it offers more educational resources than the web, its interface is less intuitive and does not provide as much information as you would like, especially for those who prefer managing their crypto assets online. To unlock Visa card rewards and reduced fees, users will need to invest large amounts of money (CRO), which may not be what they desire. So, check out both of these cryptocurrency platforms, and determine which one will work best for you.

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