Crypto.com or Coinbase – side-by-side comparison by a PRO
Have you considered making a Crypto.com or Coinbase comparison lately? Still undecided which of these two reputable crypto exchanges holds the upper hand and which one crypto admirers use more? And ultimately, why would one of these cryptocurrency exchanges be your ideal choice?
First, even if you are an absolute beginner in the dynamic world of crypto trading, you must have heard of one of these two exchanges. These are considered the best crypto exchanges that have their respective coins.
Regarding those coins, for example, Crypto Exchange has its Crypto coin (CRO) that equals $1, while Coinbase has a USD coin (USDC) that doesn’t have any fixed value. Certainly, these are two exchange offices with top security that enable their users daily.
However, almost no serious crypto professional has yet to make a Crypto.com vs Coinbase comparison to decide on the best option. But before we get the Crypto.com or Coinbase side-by-side comparison by a PRO, let’s get the basics info of each Exchange!
Crypto.com Review: What is this Exchange all about?
The Crypto.com Exchange represents a platform where individuals can exchange various cryptocurrencies or trade them for stablecoins. Such platforms are sought after by traders because they aggregate numerous users, boosting liquidity.
This often translates to assets being easily accessible and at favorable prices. This specific platform boasts a selection of over 200 cryptocurrencies with attractive fees. Users also benefit from discounts when they hold onto the platform’s native Cronos (CRO) token.
What is the Crypto.com App like?
The Crypto.com App is a mobile-only cryptocurrency trading platform enabling users to easily buy, sell, and hold crypto using fiat. On the other hand, the Crypto.com Exchange, accessible on mobile and desktop, offers advanced trading capabilities.
To engage in trades, users register, complete a KYC process, and can deposit crypto either from their bank or the Crypto.com App without fees.
Crypto.com features
Spot trading is transacting on set dates.
Margin trading uses loaned funds for crypto trades.
Derivatives bet on crypto price shifts without owning them.
Limit orders set a specific price on the Exchange.
Market orders are filled right away at the best price.
Coinbase review: What is this Exchange all about?
Coinbase refers to a specific digital platform renowned for its secure environment tailored for trading cryptocurrencies, like digital currency.
This platform is a leading figure in the transition between cryptocurrency and local currencies. It frequently interviews the top industry experts to offer original reporting and insights.
Coinbase not only prioritizes security but also provides an all-encompassing service. It all includes the following:
Primary balance feature
Trading capabilities
Tools for merchants.
Remember that numerous applications are being constructed using Coinbase’s robust API. Also, transactions within Coinbase users are free, but external activities might involve miner’s fees.
One can learn more about the standards and content in their editorial processes for a deeper understanding of their commitment to integrity.
Ensuring their user are well-informed
Coinbase’s commitment to producing accurate, unbiased content is evident as it requires writers to use primary sources, such as white papers, government data, and original reporting, to support their work.
This rigorous approach ensures users are well-informed about their trading options and exchange offerings.
Coinbase features
Features of Coinbase include:
API Integration: Enables smooth interfacing with other platforms.
Activity Dashboard: Gives a quick view of transactions and trades.
Alerts/Notifications: Updates users on account and market activities.
Cryptocurrency Exchange: Supports buying, selling, and trading digital currencies.
Crypto Sending & Receiving: Simplifies digital asset transfers.
Crypto Storage: Ensures the safekeeping of digital assets.
Intuitive Dashboard: Offers a clear account overview.
Data Security: Uses advanced protocols to safeguard user data.
Now that you’ve all the basic information about these two exchanges, it’s time to compare crypto.com and coin base to find a better solution! Let’s dive deeper into it!
Get the Crypto.com or Coinbase comparison.
Now, it’s the time to do the Crypto.com vs. Coinbase comparison. Let’s get all the information about it here:
Crypto.com
Coinbase
Wallet:
Uses multi-factor authentication, biometric verification, and locally encrypted private keys for enhanced security.
Utilizes AES-256 encryption combined with multi-signature wallet protection.
Security:
Features two-step authentication, USD balances insured up to $250,000 by FDIC, protection against platform theft, cold storage for added security, and a bug bounty initiative.
Offers two-step authentication, provides FDIC insurance for USD balances up to $250,000, ensures platform theft protection, employs cold storage techniques, and maintains a bug bounty scheme.
Fees:
Maker fees range from 0.0% to 0.075%, taker fees vary between 0.05% and 0.075%, and credit card purchases incur an additional 2.99% charge.
Maker fee is as high as 0.40% while taker fee can reach 0.60% per transaction.
Currencies:
More than 250
More than 200
Transaction Supported:
Purchase, trade, transmit, accept, withdraw, swap.
Purchase, trade, transmit, accept, withdraw, swap.
Max. Monthly
Trading Amount
Maximum monthly withdrawal capped at 500,000 USD.
The withdrawal cap is set at $500,000 for all currencies.
Pros
DeFi Wallet is provided without custodial services.
Additional perks for securing CRO.
Various avenues to acquire crypto or gain interest.
Conduct payments via PayPal.
Gain crypto through trading education.
Intuitive and suitable for newcomers.
Cons
Customer support is not prompt.
Educational materials are somewhat lacking.
For most users, the fees are among the steepest compared to other exchanges.
There are less tradable altcoins than on Crypto.com.
Debit/Credit Cards:
2.99%
None
Trades
A maker-taker structure determined by a 30-day trading activity.
Model “Maker-Taker”
Wire Transfer
No charge, but a baseline of $1,000 is required.
$10 for deposits and $25 for withdrawals.
ACH Transfer
Complimentary, subject to a $20 minimum.
Free
Wallet Conversion Fee
Among other crypto exchange comparisons, this is the basic one. If you’re eager to compare crypto.com and coinbase more, here is the additional information you need to know about!
User-Friendliness of Crypto.com vs. Coinbase
Both platforms, frequently highlighted in “Investopedia crypto comparison,” facilitate web and app-based avenues to sell bitcoin. Crypto.com’s interface is especially novice-friendly, while Coinbase emphasizes a clear, uncomplicated design.
While each platform caters to ease, some original research suggests that Crypto.com may have a slight edge in mobile user satisfaction.
Availability of Crypto.com vs. Coinbase
Offering broad access, Crypto.com serves a global audience with diverse fiat currency options. In contrast, Coinbase, often referenced in article sources, provides services in multiple countries.
However, feature availability may vary by location. Always refer to original research for the most up-to-date comparison details. This is especially important when doing Crypto.com or Coinbase comparison nowadays!
Fees of Crypto.com or Coinbase comparison
The primary distinction between the two platforms lies in their fee structures. Crypto.com employs a maker-taker model with fees spanning from 0.0% to 0.75% for makers and 0.05% to 0.075% for takers, with additional charges for credit card usage.
Meanwhile, Coinbase’s fees range from 0.00% to 0.40% for makers and 0.05% to 0.60% for takers. Generally, Crypto.com offers more affordable rates, especially for those with higher taker fees.
For a $100 Bitcoin (BTC) purchase via ACH transfer, Crypto.com’s fees are typically lower than Coinbase’s 0.40% and 0.60% rates.
Protection in Comparison: Crypto.com vs. Coinbase
Both platforms meet high US industry standards in the “Crypto.com or Coinbase comparison” for security. They use dual-factor (2F) authentication, offer FDIC protection for USD balances, and ensure against potential losses.
They both employ bug bounty programs for security checks. Coinbase keeps 98% of assets in cold storage, while Crypto.com boasts 100%.
Both have robust wallets; however, while Crypto.com users can manage encrypted private keys on their devices, Coinbase’s main platform doesn’t, though its stand-alone wallet does.
Supported Assets of Crypto.com and Coinbase
While Crypto.com lists over 250 digital assets, Coinbase offers more than 200 for trading. Both platforms facilitate transactions in key fiat currencies like USD, EUR, and GBP, enabling trading in fractional coins.
Crypto.com reveals support for 21 fiat currencies, whereas Coinbase remains less transparent about its full range. Both exchanges have jurisdiction-specific limitations for specific assets but universally support prominent altcoins like Dogecoin (DOGE).
Who is the Best Fit for Crypto.com vs. Coinbase?
Through original reporting and interviews, it’s clear that Crypto.com is tailored for those wanting an all-encompassing crypto platform, highlighted by offerings like the Crypto.com Visa Card and an expansive list of supported digital assets. It resonates with users who appreciate an intuitive mobile app and worldwide reach.
Conversely, Coinbase, informed by interviews with industry experts, aligns with users valuing a no-frills approach, straightforward transaction methods, and the reliability of an established name.
It’s particularly apt for novices or those centred on mainstream digital currencies.
Deciding between Crypto.com and Coinbase hinges on personal priorities concerning features, global reach, and user experience.
Conclusion: Which is better, Coinbase or Crypto.com?
When you compare Crypto.com and Coinbase, you will see that both exchanges are renowned global cryptocurrency exchanges with numerous assets. Both provide staking rewards, spending benefits, wallet services, and more.
Coinbase and Crypto.com offer a vast array of cryptocurrencies; Coinbase excels in user-friendliness and unmatched institutional services.
In contrast, Crypto.com is ideal for traders seeking greater interest returns and token-exchange features.
In conclusion, Coinbase is the prime option for novices or organizations aiming to maximize their cryptocurrency experience. Conversely, Crypto.com is more apt for traders keen on securing elevated staking returns and leveraging DeFi offerings.
FAQs
What are the primary currencies of Crypto.com and Coinbase?
Crypto.com has its own coin, CRO, while Coinbase offers the USD coin (USDC).
How do the mobile applications of Crypto.com and Coinbase differ?
The Crypto.com App is a mobile-exclusive platform for trading crypto using fiat. Coinbase, however, provides a comprehensive environment for cryptocurrency trading and offers insightful content backed by interviews with industry experts.
Which platform offers better fees?
Crypto.com typically offers more competitive rates with a maker-taker model, while Coinbase’s fees can be slightly higher.
How do the two platforms compare in terms of security?
Both platforms uphold stringent US industry security standards. Coinbase secures 98% of its assets in cold storage, while Crypto.com claims a 100% cold storage rate.
Who should ideally use Crypto.com and Coinbase?
Crypto.com appeals to users wanting a holistic crypto platform with an expansive asset list. Coinbase, informed by industry expert insights, is suitable for those seeking simplicity and a trusted brand reputation.
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