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Crypto.com vs CoinBase 

When it comes to trading cryptocurrencies, investors may want to look for platforms that are specifically designed for crypto. Crypto.com and Coinbase are two great cryptocurrency trading platforms that come with their own advantages and disadvantages. 

In this article we analyze Crypto.com Vs. CoinBase to find which platform will best suit your investment needs.  

What Is Crypto.com?

Crypto.com is a one-stop shop when it comes to cryptocurrency trading. It has over 90 cryptocurrencies available to U.S. traders and provides its own cryptocurrency (CRO). 

This platform is a great resource for those who are more experienced in crypto trading and doesn’t provide a lot of educational resources. 

What Is CoinBase?

Coinbase is a beginner friendly platform that provides more than 60 cryptocurrencies to trade from. This platform has its own digital wallet which investors can use in order to lessen its complex fee structure. 

Compared to Crypto.com, it provides a large amount of educational resources on crypto related topics and is very user-friendly. 

Comparing Crypto.com & CoinBase 

Both of these platforms have their own perks and pitfalls, making it up to you, to see which one is best suited for your needs. We analyze these two platforms by 10 different topics for you to better understand which platform aligns with your investment journey. 

Ease of Use

Both of these platforms are easily accessible and designed simplistically. Crypto.com and Coinbase are both trading platforms you can use on your desktop or mobile device, making your trading experience convenient to use. 

Design wise, they both provide instructions on how the platform is set up making it easy for new investors to transition to these platforms’ features and functionalities. 

Edge: Draw

User Experience

Coinbase has been reviewed as more user-friendly in comparison to Crypto.com due to its device’s clear functionalities. Coinbase has been highly rated on its customer service and support systems due to its speedy communication. 

However, for Crypto.com, users have found that the customer support is less responsive in comparison to Coinbase and that there is a slight learning curve to fully adjust to the platform.

Edge: Coinbase

Special Features

When it comes to special features Crypto.com and Coinbase both have a lot to offer. Crypto.com has a cashback visa card, high interest rates, and has tax support available on the platform. Its prepaid Visa card is similar to a debit card for your cryptocurrencies and has a tier based system. This five based tier system is dependent on how much of Crypto.com’s currency you own (CRO), and it comes with cash back benefits. 

However, one of Coinbase’s leading special features is its “Coinbase Learn” interface. This platform has resources on current news surrounding cryptocurrencies and goes in depth about some of the up and coming cryptos. It has beginner guides and interactive resources users could use to leverage their cryptocurrency knowledge. 

Edge: Crypto.com

Wallets

Both Crypto.com and Coinbase have their own digital wallets. Crypto.com has a multi-factor authentication and AES-256 encryption digital wallet to ensure safety for their investors.

This digital wallet could also be linked to its cashback visa card or Crypto.com’s Earn Program (where you can earn up to 14% interest on your cryptocurrencies deposits). Additionally, this wallet has private keys that are encrypted locally on the investor’s specified device. 

Coinbase’s digital wallet also takes various security measures for its investors by having AE-256 encryption and multi-signature wallets. This Coinbase digital wallet can also be used to cut down transaction fees that are associated with trades. Additionally, Coinbase manages the user’s private keys for its digital wallet. 

Edge: Crypto.com

Maximum Trading Amount (Monthly)

Coinbase and Crypto.com maximum monthly trading amount varies depending on a couple of factors. For Crypto.com the maximum is around $1 million or 30 trades per month. 

However, for Coinbase this could be dependent on your account type (whether it is Pro or not) and regional location. For U.S. residents, Coinbase restricts investors from investing or depositing more than $25,000 per day. However, it does not have any limits on how much you can buy or sell. 

Edge: Coinbase

Fees

Both of these cryptocurrency trading platforms have drastically different fee structures. For Crypto.com, it has a range of 0.04% to 0.4% for maker fees, 0.1% to 0.4% range for taker fees, and a 2.99% fee for any credit card transactions. 

For Coinbase, it has a fee range of 0% to 0.5% per trade, a 3.99% fee for credit card purchases, and a 1.49% fee for Coinbase digital wallet purchases. Depending on what type of trades the investor is making, either of these platforms could be a less expensive alternative. 

Edge: Crypto.com

Transactions Available 

Both Cryto.com and Coinbase offer the same type of transactions. This includes the act of buying, selling, receiving, withdrawing, and exchanging cryptocurrencies. 

Edge: Draw

Currencies Supported 

Crypto.com and Coinbase offer popular cryptocurrencies as well as up and coming ones. However, Crypto.com offers more than 90 currencies whereas Coinbase only offers around 65 currencies.

Due to the amount of currencies supported on Crypto.com, this platform may be a better option for those who wish to have a more diversified portfolio

Edge: Crypto.com

Security

Both of these platforms are highly secure and have multiple processes set in place to protect their investors. For Crypto.com it offers a two-step verification, FDIC insurance for balances up to $250k, has a platform insurance against theft, uses a bug bounty program, and has a cold storage feature.

Coinbase similarly has a cold storage, two-step authentication program, FDIC insurance for balances up to $250k, platform insurance against theft, and a bug bounty program. However, Crypto.com keeps 100% of its cryptocurrencies in cold storage whereas Coinbase keeps 98% of its currencies.

Both of these platforms actively use their bug bounty platform to ensure there are no weaknesses in the program.

Edge: Crypto.com

Limitations 

Despite the advantages each platform brings, Crypto.com and Coinbase both have their downsides. For Crypto.com it doesn’t have a responsive customer service or support, it doesn’t provide extensive educational resources, and the cryptocurrencies supported could vary depending on what state the investor resides in. 

For Coinbase, it has high transaction fees, it does not provide a wide variety of cryptocurrencies, and has less opportunities to discount any of the added fees. 

Edge: Coinbase

Which Cryptocurrency Platform is Best for You?

Depending on your cryptocurrency investor needs, both of these platforms could be a great option for you. However, if you are a beginner cryptocurrency investor, Coinbase may be a better starting point for you. 

But, Crypto.com could be a great option for investors who want a wide variety of cryptocurrencies and low fees. In short, both of these platforms have their perks and downsides for crypto investors. 

A financial advisor can help assist you in your cryptocurrency investment journey. Learn more about how to get a financial advisor here.

Frequently Asked Questions

What’s better: CoinBase or Crypto.com?

Coinbase and Crypto.com both offer their own set of advantages and disadvantages. Coinbase is a great option for beginner crypto investors due to its extremely responsive customer support and wide variety of educational resources. Whereas Crypto.com is a great option for crypto investors who want a wide variety of currency options and low transaction fees. 

Is Crypto.com trustworthy? 

Yes, Crypto.com is a trustworthy platform that has multiple security precautions within the website. It offers a two-step verification, FDIC insurance for balances up to $250k, has a platform insurance against theft, uses a bug bounty program, and has a cold storage feature.

Is there anything better than Coinbase?

Depending on how experienced of a crypto investor you are, Crypto.com may be a great alternative to Coinbase. Since this platform supports more than 90 currencies and has a great Visa cash back option for those interested. 

What is the best app for cryptocurrency?

Some of the best cryptocurrency trading apps include: BlockFi, BlockChain.com, Coinbase, Gemini, eToro, and Webull. Each of these apps have different strong suits and can cater to specific investment needs. Learn more about these crypto apps here.

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