Coinbase and Crypto.com are among the most popular crypto exchange platforms that make it easy for you to buy major coins like Bitcoin and Ethereum, along with a wide range of altcoins. Both exchanges allow you to sell, buy, and trade crypto assets. They also give you the ability to safely hold these coins in a secured digital wallet.
However, there are a few stark differences between these crypto exchanges, especially when it comes to trading fees and other costs. Generally speaking, Crypto.com is cheaper for users who are trading lower volumes (this is the bracket in which most hobby traders fall). At the same time, Coinbase might actually be cheaper depending on your trading volume.
While Crypto.com is known for its generous rewards on staking and good interest opportunities, Coinbase takes the lead when it comes to usability for beginner traders and education/support related to decentralized finance.
In this guide, we will compare both exchanges in-depth and compare factors such as accessibility, fees, safety/security, and more.
Crypto.com vs Coinbase: A Thorough Analysis
Crypto.com vs Coinbase: Availability
When it comes to accessibility, both Coinbase, and Crypto.com are available in 100+ countries, which includes the US, Singapore, Canada, and a range of European countries. However, Coinbase is not available in Hawaii due to regulatory restrictions. Furthermore, Coinbase offers crypto/fiat trading pairs in the US and many European countries. However, some countries have access to crypto/crypto trading pairs only.
On the other hand, Crypto.com is not available for the residents of New York but it is available for Hawaii residents. Users from US territories like American Samoa, Puerto Rico, Virgin Islands, and Northern Mariana Islands can also use the Crypto.com app. However, these additional territories do not have support for the Crypto.com Visa Card.
Crypto.com vs Coinbase: Fees
Fees are where both these cryptocurrency exchanges differ the most. Crypto.com offers a very simple pricing model based on maker-taker fees. The rates vary from 0.04% – 0.40% maker fees and 0.10% – 0.40% taker fees, which vary based on 30-day trading volume. These prices can further on top of that, credit card usage will incur additional fees.
|Crypto.com maker-taker fees|
|Trading volume||Maker fee||Taker fee|
|$0 – $25000||0.40%||0.40%|
|$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 to $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%|
On the other hand, Coinbase charges a considerably higher fee based on its maker-taker pricing model, as shown in the table below:
|Coinbase maker-taker fees|
|Trading volume||Maker fee||Taker fee|
|$0 – $10,000||0.60%||0.40%|
|$10,000 – $50,000||0.40%||0.25%|
|$50,000 – $100,000||0.25%||0.15%|
|$100,000 – $1,000,000||0.20%||0.10%|
|$1,000,000 – $20,000,000||0.18%||0.08%|
|$20,000,000 – $100,000,000||0.15%||0.05%|
|$100,000,000 – $300,000,000||0.10%||0.02%|
|$300,000,000 – $500,000,000||0.08%||0.00%|
Apart from the trading fee, both platforms charge other fees as well. For instance, Coinbase charges $10 for deposits via Wire Transfer and $25 for withdrawals. On the other hand, Crypto.com does not charge anything for wire transfers but has a minimum cap of $1000.
|Wire Transfer||$10 per deposit and $25 for withdrawals||Free (minimum $1000)|
|Debit and Credit Card||No charges with Coinbase card||2.99%|
|ACH Transfer||Free||Free (minimum $20)|
|Trading||Maker-taker model||Maker-taker model|
Crypto.com vs Coinbase: Safety
Both Crypto.com and Coinbase are heavily secure and offer military-grade measures that are in line with the standards set by the United States. For instance, both these exchanges offer 2F-authentication and (Federal Deposit Insurance Corporation) FDIC insurance against USD balances.
However, Crypto.com takes the slight lead here since the platform claims to store 100% of the funds in cold storage. In comparison, Coinbae stores 98% of the cryptocurrency in cold storage.
At the same time, both Coinbase and Crypto.com offer whitelisting features for their digital wallets. But again, Crypto.com takes the lead by providing private keys that get encrypted locally on every user’s device. In comparison, Coinbase does not offer private key management for the trading account but does offer private keys for its standalone wallet.
Crypto.com vs Coinbase: Currencies
Crypto.com offers support for over 250 different cryptocurrencies. However, Coinbase supports 200+ tradable currencies. Nevertheless, both exchanges support the major coins like Bitcoin and Ethereum along with the most popular altcoins like Solana, Avalanche, and more.
When it comes to the support for fiat currencies, Crypto.com takes the lead with 21 fiat currencies including USD, GBP, and EUR. While Coinbase also supports GBP, EUR, and USD, the platform does not disclose the full list of supported currencies.
Crypto.com vs Coinbase: Accessibility
When it comes to accessibility, Coinbase is considered to be a lot more accessible, especially for beginner users. This is particularly due to the fact that it has a very beginner-friendly user interface along with several educational tools. However, Crypto.com may not be beginner friendly and is more suitable for intermediate-advanced users.
Overall, Coinbase takes a very simple approach to trade offering an easy-to-understand interface. On the other hand, Crypto.com can look overwhelming for new traders at first. Nevertheless, both exchanges offer useful trading tools that intermediate and advanced traders can easily use.
Crypto.com vs Coinbase: Wallets
Both platforms offer built-in DeFi wallets. Crypto.com wallet allows you to connect to different dApps very easily and also offers Swap and Earn features built in. So, you will not have to use a DEX for quick swapping to a different currency. Furthermore, this DeFi wallet is also available in the form of a desktop application, a mobile app for both Android and iOS, and a browser extension.
On the other hand, the Coinbase wallet is a self-custodial wallet that supports major blockchain networks such as Ethereum, Binance Smart Chain, Polygon, and Avalanche. Most of the available networks have been preconfigured for quick usage. However, you can also add your own network manually. Furthermore, this wallet is also backed up by the support team at Coinbase.
How to Choose the Right Crypto Exchange for You
Coinbase Pros and Cons
- Access to a wide range of cryptocurrencies
- Easy to use for beginners
- Offers advanced tools for serious traders
- Opportunities to earn crypto
- Offers educational resources
- Offers Coinbase debit card
- Active customer support
- High fees with complex fee structure
- Limited opportunities for interest and staking
- Fewer altcoins as compared with Crypto.com
Crypto.com Pros and Cons
- Offers non-custodial DeFi wallet
- Multiple benefits for staking CRO
- Many ways to earn crypto and interest
- 250+ tradable cryptocurrencies
- Lower fees
- User interface can be complex for new traders
- Lack of educational resources
- Unresponsive customer service
Who Should Choose Coinbase?
Coinbase is highly suitable for beginner investors who may love the simplicity of the platform with plenty of educational resources under their belt. But on the flip side, traders will have to pay a higher fee based on a complex maker-taker model. So, Coinbase is suitable for new traders who are serious about trading major cryptocurrencies and do not mind paying higher fees in exchange for an easy-to-use platform, high security, and plenty of educational resources.
Who Should Choose Crypto.com?
If you are someone who primarily wants to trade altcoins or wants to get the benefits of lower fees, then Crypto.com might be a suitable choice for you. However, it is important to remember that this crypto exchange is not as user-friendly as Coinbase. In the end, you have to determine whether the ability to save some money on trading fees is worth the struggle of navigating this relatively complex crypto exchange. Nevertheless, intermediate and advanced traders who work with high volumes might want to prefer Crypto.com due to its better interest opportunities and lower trading fee.
A Glimpse Into the Future: Which Exchange Will Stand the Test of Time?
Well, both exchanges are big and have plenty of liquidity. However, recent scandals in the world of crypto have spread a lot of fear among current and potential investors. When it comes to general consensus, Coinbase is considered to be the safer choice.
While Crypto.com does take the lead in terms of a higher number of tradable coins and lower fees, let us not forget that Coinbase is among the most secure crypto exchanges out there. Of course, the likelihood of either of these exchanges failing is very low. But still, Coinbase takes the lead in having a higher level of trust and better future prospects.
So, Coinbase or Crypto.com?
The choice actually depends on you and what your goals/ambitions are when it comes to trading cryptocurrencies. Are you a beginner who wants to get started with crypto trading quickly and securely? In this case, Coinbase might be a better option despite its higher trading fees, because it offers many educational resources and a very intuitive platform.
On the other hand, if you are a beginner who is concerned about saving fees or an intermediate trader who wants to explore better-earning prospects and higher interest rates, Crypto.com might be a good choice for you. This platform also offers you a higher number of tradable cryptocurrencies. So, you might find a number of altcoins on Crypto.com that are not available on Coinbase.
So, both exchanges have their strong sides. Before choosing either of these exchanges, we suggest you compare the pros and cons of each exchange in this guide. Eventually, your choice will depend on your individual preferences and requirements.