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Crypto.com Vs. Coinbase

Crypto.com Vs. Coinbase: Which is a Better Crypto Exchange?

We've debunked all of Coinbase's and Crypto.com’s primary features to assist you to select the best decision for your crypto needs.

You’ve probably heard of Coinbase and Crypto.com, even if you’re just a crypto enthusiast or a full-time crypto trader. Both exchanges are jam-packed with features, and it’s easy to become confused about which is the better option for you.

We’ve debunked all of Coinbase’s and Crypto.com’s primary features to assist you to select the best decision for your crypto needs. Continue reading to find out!

Coinbase

Coinbase began as a cryptocurrency brokerage in the year 2012. But with time, it has now expanded to include custodial services for institutional bitcoin storage and the establishment of a cryptocurrency payments network for companies. 

As of writing, Coinbase boasts over 50 million users globally. It is now one of the top cryptocurrency exchanges in the world, in terms of trading volume, liquidity, and traffic.

Pros of Coinbase

  • Over 100 cryptocurrencies supported
  • Learn and earn crypto program
  • Beginner-friendly interface

Cons of Coinbase

  • Poor customer support
  • High transaction fees

Crypto.com

Crypto.com is a crypto exchange offering services like investment, trading, wallets, staking, and even non-fungible tokens (NFTs). Users may purchase, trade, and swap a wide range of cryptocurrencies while paying cheap trading costs. 

Crypto.com presently supports 250 currencies and provides complex order types, as well as the ability to trade cryptocurrency futures.

Pros of Crypto.com

  • About 180 supported currencies
  • Low trading fees
  • Various crypto products

Cons of Crypto.com

  • High fees for non-CRO holders and debit/ credit transactions
  • Poor customer service
  • No trading between cryptocurrencies
  • Confusing trading fees

Crypto.com Vs. Coinbase: A Comparison

Coinbase and Crypto.com are two of the most prominent cryptocurrency exchanges, but they each have their own set of features.

Coinbase, for example, includes a number of tools designed to help newbies understand how to purchase and trade cryptocurrencies. Crypto.com, however, has reduced costs (depending on how you buy your cryptocurrency), but it does not allow you to swap one cryptocurrency for another. Additionally, crypto.com offers a larger assortment of cryptocurrencies than Coinbase.

So here’s a detailed comparison between Coinbase and Crypto.com, categorized by security, fees, supported crypto and currencies, and all the major features that you’d look for when choosing the best crypto exchange. 

Crypto.com Vs. Coinbase: Features

Coinbase and Crypto.com both offer mobile applications for Android as well as iOS users and a digital wallet as a bonus. The platforms, on the other hand, have different features. 

While Coinbase concentrates on the basics, Crypto.com has a small selection of educational resources. The latter provides a variety of services, including Visa cards, crypto pay at checkout, and a variety of methods to earn cryptocurrency.

Investors at Coinbase benefit from a vast collection of bitcoin trading knowledge. You can earn a small amount of bitcoin, usually $3 or $10, by taking a course or watching a tutorial about various cryptocurrencies. The Coinbase Card, a Visa debit card will earn rewards of up to 4% on every transaction.

Crypto.com Vs. Coinbase: Supported Coins

As of now, Coinbase offers over 100 coins, whereas Crypto.com supports about 180 coins. Both sites accept Dogecoin (DOGE) and other popular cryptocurrencies. They also accept prominent fiat currencies such as the US dollar, Euro, and British pound, and also coin fractions. Crypto.com supports 26 fiat currencies, but Coinbase does not reveal its list.

All major cryptocurrencies, such as Bitcoin (BTC), Cardano (ADA), Solana (SOL), and Ethereum (ETH) are available on both platforms. Each of them also deals in key stablecoins such as Tether (USDT) and USD Coin (USDC).

Although Coinbase does not offer Binance Coin (BNB), Avalanche (AVAX), or VeChain (VET), both exchanges trade the majority of the top 30 cryptos by market cap. There are a few coins that aren’t accessible in every state in the United States.

New York users are unable to purchase specific currencies on the Coinbase platform. On the other hand, Crypto.com investors in Connecticut are unable to purchase DAI, and residents of that state, as well as Texas, are unable to purchase PAX Gold (PAXG). 

Crypto.com Vs. Coinbase: Fees

Both Crypto.com and Coinbase charge fees for debit card transactions, but neither charges for bank transfers. Like most exchanges, depositing cryptocurrency is free, but transferring fiat cash from your bank account is not.

The maker-taker fee model is used by Coinbase to determine its trading fees. Fees are computed depending on the latest price tier you’re in when you place orders, not the tier you’ll be in once the transaction has been completed.

In the table below, you can find the maker and taker fees for Coinbase:

Pricing Tier Maker Fee Taker Fee
$0 – 10K 0.40% 0.60%
$10K – 50K 0.25% 0.40%
$50K – 100K 0.15% 0.25%
$100K – 1M 0.10% 0.20%
$1M – 20M 0.08% 0.18%
$20M – 100M 0.05% 0.15%
$100M – 300M 0.02% 0.10%
$300M – 500M 0.00% 0.08%
$500M+ 0.00% 0.05%

On the other hand, the trading costs at Crypto.com are dependent on volume. As your trade volume grows, you will receive greater savings.

Pricing Tier Maker Fee Taker Fee
$0 – $25,000 0.4% 0.4%
$25,001 – $50,000 0.35% 0.35%
$50,001 – $100,000 0.15% 0.25%
$100,001 – $250,000 0.10% 0.16%
$250,001 – $1,000,000 0.09% 0.15%
$1,000,001 – $20,000,000 0.08% 0.14%
$20,000,001 – $100,000,000 0.07% 0.13%
$100,000,001 – $200,000,000 0.06% 0.12%
$200,000,001 and above 0.04% 0.1%

Crypto.com Vs. Coinbase: Security

Be it Coinbase or Crypto.com, both are extremely secure services that follow industry best practices for operating in the US. Both exchanges offer two-factor (2F) authentication, FDIC insurance for USD balances, and insurance against loss or theft. To uncover flaws, they also use a bug bounty site. 

Coinbase claims to hold 98 percent of its currency in cold storage, while Crypto.com states that it keeps all of its currency in air-gapped cold storage.

Security Feature Crypto.com Coinbase
Cold storage 100% 98%
Insurance $360 million in cold storage insurance against theft or crime
FDIC insurance for U.S. dollar funds for U.S. customers.
$255 million in insurance against hot wallet theft or crime
FDIC insurance for U.S. dollar funds for U.S. customers.
Bug bounty Yes Yes
Multi-factor authentication Yes Yes
Additional measures
  • Use of external firms to audit and stress test
  • Background checks on employees
  • Ensuring sensitive data is not kept online
  • Private keys are secured locally on the user’s device with the Crypto.com wallet. The trading account on Coinbase does not let you keep your private keys, but the standalone wallet allows you to do so and keep them on your device.

    Crypto.com Vs. Coinbase: User Interface

    Both services allow you to trade via the web or an app. The exchanges appear to be different, despite the fact that the mobile apps and browser tools are clear and simple to use. Coinbase has a direct approach, making it easy to browse the site and decide your successive steps.

    Crypto.com, on the other hand, offers a combination of products, and the webpage can be intimidating at first glance. Newbies who have just started trading may find Coinbase their best platform until they gain a better understanding of the language and transaction types available.

    Crypto.com Vs. Coinbase: Wallets

    Decentralized wallets from Coinbase and Crypto.com are both highly regarded. Those are all non-custodial hot wallets that are distinct from the exchanges’ custodial wallets. You have complete control over your keys and account security. Many crypto supporters say that controlling your private key is vital since it decreases the chance of being hacked or having your accounts closed.

    Some users of Crypto.com’s DeFi wallet can use the app to trade coins on decentralized exchanges; however, this feature is not available to consumers in the U.S. In this case, Coinbase’s offer is superior. Its decentralized trading service is available to customers in the USA, but that’s only for Ethereum-based currency.

    Crypto.com Vs. Coinbase: Summary

    Here’s a detailed summary to help you choose between Coinbase or Crypto.com:

    Feature Coinbase Crypto.com
    Supported coins 100+ 180+
    Fees
  • Up to 0.50% spread per trade
  • 3.99% for credit card purchases
  • 1.49% for bank account purchases or Coinbase wallet
  • 0.04% to 0.4% maker fees
  • 0.1% to 0.4% taker fees
  • 2.99% for credit card purchases
  • Security
  • Two-step verification
  • Bug bounty program
  • Platform insurance against theft
  • FDIC-insured USD offset up to $250,000
  • Cold storage
  • Two-step verification
  • Bug bounty program
  • Platform insurance against theft
  • FDIC-insured USD offset up to $250,000
  • Cold storage
  • Wallets Multi-signature wallets with AES-256 encryption Multi-factor authentication, biometric, locally secured private keys

    Final Verdict: Coinbase or Crypto.com

    Coinbase and Crypto.com are both good cryptocurrency exchanges that offer a variety of services to accommodate a variety of customers. 

    While Coinbase has higher costs, it has a plethora of information and an exceptionally user-friendly trading platform, which may appeal to first-time crypto investors. The website and app on Crypto.com have a little learning curve, but they are both user-friendly and simple to utilize. Additionally, the fees are lower than Coinbase, and a wider selection of currencies is available.

    These factors, together with a variety of offers and services, such as crypto payment for purchase possibilities, put one exchange ahead of the other. However, there is no such thing as a one-size-fits-all exchange. It’s critical to consider what services you require and choose between Coinbase or Crypto.com accordingly.

    Coinbase Vs. Crypto.com FAQs

    1. How does Coinbase work?

    You can fund your Coinbase accounts using ACH, bank transfer, PayPal, or a debit or credit card once your account has been validated. Simply press [Get Started] on Coinbase to browse a list of digital currencies. Even before the trade is completed, you must select how much to buy and how much to pay in display costs.

    2. Which is better: Coinbase or Crypto.com?

    Coinbase and Crypto.com are both good cryptocurrency exchanges that offer a variety of services to accommodate a variety of customers.
    While Coinbase has higher costs, it has a plethora of information and an exceptionally user-friendly trading platform, which may appeal to first-time crypto investors. The website and app on Crypto.com have a little learning curve, but they are both user-friendly and simple to utilize. Additionally, the fees are lower than Coinbase, and a wider selection of currencies is available.

    3. Is Crypto.com reliable?

    Crypto.com offers two-factor (2F) authentication, insurance against loss or theft, and FDIC insurance for USD balances. To uncover flaws, they also use a bug bounty site. Crypto.com states that it keeps all of its currency in air-gapped cold storage.

    ZenLedger

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