Crypto.com vs Coinbase: Which Is Better?
Crypto.com vs Coinbase: Which Is Better?
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Crypto.com vs Coinbase: Which Is Better?

By Marco Cavicchioli - 14 Jul 2021

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Crypto.com’s App, available on both Android and iOS, is an exchange that allows users to securely buy, sell and trade over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), , Chainlink (LINK), Algorand (ALGO), and more.

By now the Crypto.com’s App has surpassed 10 million users worldwide and Crypto.com will continue to grow as it continues to add new features and enhancements. 

Security and Privacy Standards

Crypto.com is a pioneering crypto platform founded in 2016, with the highest standards of security and compliance. It has been certified with the Cryptocurrency Security Standard (CCSS), with ISO 27001:2013, ISO/IEC 27701:2019 and PCI: DSS 3.2.1. Crypto.com has taken huge strides in ensuring that its platform is compliant with security and privacy standards, so much so that Crypto.com is the first crypto company to hold all these certificates simultaneously.

Compared to other legally compliant exchanges, such as Coinbase, Crypto.com offers lower fees and more ways to earn money. Through numerous features it provides, such as  Crypto Earn, CRO Stake Rewards, the Supercharger, DeFi Swap, and more, Crypto.com enables its users to grow their portfolio and to earn interest on their crypto assets. Crypto.com also offers an Exchange App available for both Android and iOS that is tailored to the needs of more advanced traders. The Crypto.com Exchange App is interoperable with the Crypto.com App, making it easy for traders to navigate between the crypto platforms.  

Crypto.com’s comparison to Coinbase is particularly relevant because these two platforms are both highly secure and compliant. 

Transaction Fees – Who has the Cheapest Options?

However, trading on Crypto.com is much cheaper for traders, partly because the commission pricing structure rewards users with higher trading volumes. Coinbase, on the other hand, charges a fixed fee that does not change as trading volumes increase. Crypto.com prides itself in enabling users to trade cryptocurrencies at true cost with over 20 fiat currencies. In order to do so, processing fees are eliminated. 

While Coinbase charges a fee for bank account purchases, Crypto.com does not. There are also no added fees at Crypto.com for fiat currency transfers above a certain threshold, but at Coinbase, there is a charge for fiat currency transfers above a certain threshold. 

The same goes for spreads on crypto conversions. While there is none on Crypto.com, Coinbase can charge up to 2% for crypto conversions. 

However, Coinbase offers the advantage of being able to connect a PayPal account, which is not possible on Crypto.com at the moment. 

Earning on Crypto.com and Coinbase

Another advantage of Coinbase is its Earn program, which allows users to earn cryptocurrencies while learning crypto and correctly answering questions about them. This service is absent on Crypto.com, but there are other services that enable users to generate extra income, such as earn interest on deposits crypto via Crypto Earn, CRO staking on exchange, Crypto.com’s Referral Program, cashback when using Crypto.com Visa Cards, and more.

An important difference between the two platforms is the token issued by the two companies. Coinbase, along with Circle, issued the USDC stablecoin, while Crypto.com launched  the CRO token, which comes with numerous advantages when users stake it. The larger the amount of CRO staked on Crypto.com, the larger the reward. 

Products

Crypto.com and Coinbase offer different products to their users. Crypto.com’s ecosystem is very diversified, offering a broad range of products including Crypto.com App, Crypto.com Exchange, Crypto.com DeFi Wallet, DeFi Swap, Crypto.com Visa Cards, Crypto Earn, Crypto Credit, Price Page, NFT marketplace, Crypto.com Tax, Ethereum Gas Fees Tracker, and many other services.

In contrast, Coinbase offers basic crypto products and more educational content that is useful for first-time traders. They offer the Wallet app, Exchange, Visa Card and also Coinbase Pro app for more advanced users. Its offering is less broad as compared to Crypto.com and it doesn’t support NFTs.

User Friendliness

In terms of user friendliness, both apps are easily accessible to anyone, although Coinbase is recognized as one of the best in the cryptocurrency field. 

The biggest difference between Crypto.com and Coinbase lies in their exchanges. While decidedly simplified on Coinbase, Crypto.com Exchange is more structured and complex . A novice investor might find Coinbase much simpler, while a more demanding investor will find Crypto.com’s exchange more complete. 

Crypto.com Exchange provides numerous features that enables investors to grow their crypto portfolio, such as Stake and Earn, the Supercharger, The Syndicate, the Referral Program, and more. Additionally, it recently enabled global USD deposits, which allows users to transfer USD from their bank accounts and receive their funds in USDC. For this service, there is no processing fee required by Crypto.com. Furthermore, new listings are announced on Crypto.com on the daily, providing investors with the unique opportunity of choosing from an array of cryptocurrencies.

Final Thoughts

Finally, Crypto.com currently supports 137 digital currencies, while Coinbase supports less than half of them (66). For crypto enthusiasts, Crypto.com might therefore be more advantageous, as they will have a wide range of digital assets to choose from.

Once again, Coinbase’s app is also more suitable for first-time users, while Crypto.com’s app is more tailored to  those looking for something more. The level of security is comparable, as is the performance of the two apps.

For the one with the lower cost option, Crypto.com wins, as processing and crypto conversion fees are minimized on its platform. Crypto.com’s mission is to accelerate the adoption of cryptocurrencies, and it has also taken an extra step in facilitating fiat to crypto conversions, a barrier that the crypto industry has been facing. With its newly formed partnerships with Formula 1 and the UFC, Crypto.com’s goal of accelerating cryptocurrency adoption is sure to be realized sooner than later, as the collaboration has enabled it to raise awareness with over 1 billion people. 

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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