Crypto.com vs Coinbase

Crypto.com vs Coinbase

Daniel Chan

October 24, 2021

Cryptocurrency

Crypto.com and Coinbase are two widely-known crypto exchanges, and they both make the list of the best cryptocurrency exchanges in the USA. You are no doubt considering these two as your platform for buying cryptocurrency, but which is better to use? We'll dive in and check out various aspects of these two exchanges, and you can decide for yourself. From my experience, Crypto.com is the winner, with lower fees, Live Chat, and plenty of benefits that arise with staking their CRO coin, including up to 8% cashback and even Airport Lounge access.

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Fiat Currencies

USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more

AUD, USD, EUR, GBP, CAD, MXN, HRK, CZK & 10+ more

Number of Coins

150+

70+

Buy/Sell Fees

Exchange: from 0.4%, App: Free

Deposit Methods

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Bank Transfer (SEPA)

Bank Transfer (ACH)

Fedwire

PayPal

Credit Card

Debit Card

Apple Pay

SWIFT

Skrill

SOFORT/iDEAL

Cryptocurrency

Features

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User-friendly

Mobile app

Live Chat

Security

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2FA

Biometric security

ISO/IEC 27701:2019 certified

Offline cold storage

Website

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Fiat Currencies

USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more

AUD, USD, EUR, GBP, CAD, MXN, HRK, CZK & 10+ more

Number of Coins

150+

70+

Buy/Sell Fees

Exchange: from 0.4%, App: Free

Deposit Methods

Cell
Cell

Bank Transfer (SEPA)

Bank Transfer (ACH)

Fedwire

PayPal

Credit Card

Debit Card

Apple Pay

SWIFT

Skrill

SOFORT/iDEAL

Cryptocurrency

Features

Cell
Cell

User-friendly

Mobile app

Live Chat

Security

Cell
Cell

2FA

Biometric security

ISO/IEC 27701:2019 certified

Offline cold storage

Website

Pros
  • Over 150+ cryptocurrencies supported with staking available on 40+ coins
  • Crypto.com Visa debit card with up to 8% cashback on purchases and additional benefits, such as Airport Lounge access
  • Lend and borrow cryptocurrency easily
  • Insurance cover on cryptocurrencies
  • Margin trading and derivatives trading available on desktop exchange
Cons
  • Desktop website is limited to trading with only USDT, USDC, BTC & CRO
  • Crypto.com Visa card may require currency conversion fees
Pros
  • Coinbase privately insures their own platform so your funds are safe in the event there is a hack
  • Simple and user-friendly interface
  • Only takes a few minutes to register and start trading
  • Over 70+ cryptocurrencies available
  • Extremely secure and trusted platform
Cons
  • Complicated fee structure that is higher than competitors
  • Doesn't offer as many coins as Crypto.com
  • No Live Chat support

Crypto.com vs Coinbase Fees

Let's take a look at one of the most important points of comparison - the fees charged by both of these platforms.

Deposit Fees

Crypto.com charges 0% deposit fees for fiat currencies and cryptocurrencies.

When you purchase crypto on Coinbase, you either pay at the time of purchase, or deposit fiat currency to pre-fund your account first. If you want to deposit beforehand, there are two methods for US residents:

  • ACH Transfer - zero fees
  • Wire Transfer - $10 fee 

Trading Fees

Crypto.com has different fees for the desktop site (known as Crypto.com exchange) and the mobile app.

On Crypto.com exchange, the trading fees start at 0.4%, but can be reduced based on increased trading volume. You can receive additional discounts based on the amount of CRO coin you stake.

Using the Crypto.com mobile app, if you deposit fiat currency first (free of charge), there is no fee to buy crypto using your fiat. It is also free to trade one cryptocurrency for another one. Although Crypto.com does not charge an explicit percentage fee on these transactions, there is a fee that is incorporated into the spread. 

On the Crypto.com mobile app, you can also purchase cryptocurrency directly using credit or debit card. There is a fee of up to 4% depending on your geographical location, but for the first 30 days that you are signed up, this fee is waived.

Coinbase's trading fee structure is slightly complex, consisting of two components. There is a 0.50% spread fee, plus an additional 'Coinbase fee' on top, which is the larger of the 'flat fee' or the 'variable fee', shown below.  

Flat fee

Transaction value

Fee

$10 or less

$0.99

$10 to $25

$1.49

$25 to $50

$1.99

$50 to $200

$2.99

Variable fee

Payment Method/Payout Method

Effective Rate of Conversion Fee

US Bank Account

1.49%

Coinbase USD Wallet

1.49%

Debit Card or PayPal

3.99%

Instant Card Withdrawal

up to 1.5% (minimum $0.55)

Withdrawal Fees

Crypto.com has free withdrawals of fiat currency via bank transfer.

If you want to withdraw USDC via SWIFT Network, there is a $25 USD fee.

Coinbase's withdrawal fees depend on your location and payment method. The most popular fiat withdrawal methods are: 

Bank Transfers (SEPA) - €0.15 fee
US Wire Transfer - $25 fee

It is important to note that Coinbase does NOT support fiat withdrawals in Singapore and Australia. Coinbase explains why in their help article.

Winner - Crypto.com

Crypto.com is the winner when it comes to comparing fees. You can purchase crypto for 0.4% on the desktop site, or free of charge on the app. Using Coinbase, the fees are not easy to understand, and the fee you can be charged ranges from 2.49% - 4.49%.

Crypto.com vs Coinbase Deposit Methods

Crypto.com and Coinbase both accept an extensive range of deposit methods, supporting Bank transfer (ACH), PayPal, SEPA, Fedwire, Credit card, Debit card, SWIFT and Cryptocurrency.

Coinbase also accepts Apple Pay and SOFORT/iDEAL. 

Winner - Coinbase

Both of these crypto platforms have a healthy number of payment options, but Coinbase accepts a few more that aren't available on Crypto.com.

Crypto.com vs Coinbase Features 

Crypto.com and Coinbase are both feature-packed crypto exchanges with plenty to offer. I won't go in-depth into each feature found on these two platforms, but if you want to find out more, read my Crypto.com review and Coinbase review. I will cover some of the main features that make Crypto.com and Coinbase stand out from other crypto exchanges.

Crypto.com's own coin - CRO - is one of the biggest features of the exchange. The coin can be purchased directly from Crypto.com (as well as some other crypto exchanges), and when it is staked, gives many benefits to the user. If you stake CRO on the desktop exchange, you receive 10% APR interest paid daily, CRO rebate when you pay trading fees with CRO, and cashback when you use Crypto.com Pay. When you stake CRO on the mobile app, you receive up to 12% APR, a premium metal Visa card, where you receive up to 8% cashback on purchases (paid in CRO), rebates on subscriptions (Netflix, Spotify) and bookings (Expedia, Airbnb), and better APR in Crypto Credit and Crypto Earn. To read more about the CRO coin and its benefits, click here.

Crypto.com has a metal Visa debit card that you can request on the app once you start staking CRO coin. There are different levels of cards that can be accessed by staking higher amounts of CRO. At the highest tier of Visa card, users enjoy 8% cashback on all purchases (paid in CRO), 100% rebates on subscriptions (Netflix, Spotify) and 10% on bookings (Expedia, Airbnb), complimentary Airport Lounge access, and 2% extra interest on fixed-term deposits. The Visa card can be loaded with fiat currency and used just like a normal card, you don't need to spend your cryptocurrency. 

Crypto.com offers staking of over 40+ different cryptocurrencies, not just CRO. Depending on the coin, users can receive up to 14.5% APY on their staked coins. Staking periods can be flexible, or locked for 1 or 3 months. The amount of CRO coin you have staked will affect how much interest you receive on your other staked coins, with higher rates when you have more CRO staked. 

Coinbase has a unique feature where users can earn crypto just by watching a short video! You receive free crypto after viewing educational videos (about 3 min long) about cryptocurrency. For example, you can earn $3 in COMP crypto after watching one video, and $9 of COMP if you watch all 3 videos.

Coinbase has a mobile Wallet app available for iOS and Android devices. According to Google Play store, there are over 1 million downloads, with a 4.3-star rating from 24K reviews. You can use the Coinbase Wallet not only to securely store crypto but also gain access to a wide range of decentralised innovation. Users can participate in airdrops and ICOs, collect NFTs, browse decentralised apps (DApps), and send crypto to anyone around the world.

Winner - Crypto.com

Crypto.com stands out in terms of features, with the main focus being the CRO coin. When users stake the CRO coin, they gain access to many advantages, including the Visa debit card, which in turn provides additional benefits.

Crypto.com vs Coinbase Security

Crypto.com is a very secure platform, and they store 100% of user cryptocurrencies offline in cold storage, using Ledger Vault's institutional-grade custody. Fiat currencies are held in regulated custodian bank accounts, with US residents enjoying FDIC insurance. Crypto.com was awarded the coveted ISO/IEC 27701:2019 certification in 2020 after rigorous third-party auditing, making it the first cryptocurrency company in the world to receive this standard. This certification is an extension of Crypto.com's existing ISO/IEC 27001:2013 Information Security Management System (ISMS) certification. Crypto.com continues to maintain stringent policies, procedures, controls and commitment to continuously improve so it can maintain this coveted certification status. Crypto.com also has insurance cover for its crypto assets in the worst-case scenario where a breach occurs.

Coinbase uses multi-layered security such as 2FA (2-factor authentication), biometric logins (fingerprint & face ID), and data encryption, with USB drives and paper backups distributed geographically in safes and vaults around the world. All Coinbase employees are required to pass a criminal background check, and their hard drives are encrypted. Coinbase stores 98% of digital assets offline in cold storage, and even has crime insurance cover to protect digital assets in the event of a cybersecurity breach. For more information about Coinbase's insurance cover, click here

Winner - Crypto.com

Crypto.com and Coinbase are both safe crypto exchanges, but Crypto.com has gone above and beyond. It has ISO/IEC 27701:2019 certification, cold storage of 100% of users' digital assets, and insurance cover.

Verdict - Crypto.com

It was an interesting task to compare two of the best cryptocurrency exchanges. Coinbase is so hugely popular that I thought it would be a very close match-up, but it seems that Crypto.com wins fairly convincingly.

Crypto.com has more coins, lower fees, industry-leading security, and plenty of features including their own CRO cryptocurrency which comes with so many additional benefits. If you plan on using crypto as a long-term investment, recommmend Crypto.com. It has staking for over 40+ coins, including CRO, which gives you access to a Visa debit card with up to 8% cashback on all purchases, plus 100% rebate on subscription services like Netflix and Spotify.

Overall Winner - Crypto.com

Lower fees, more cryptocurrencies, Live Chat support, higher security and staking of over 40+ coins including CRO makes Crypto.com the favourite in this comparison.

Still Researching?

If you like the sound of either of these exchanges, but you want to read a bit more before making up your mind, you will find my reviews helpful. Check out my Crypto.com review (here) and Coinbase review (here). If you are a USA resident, you can also take a look at this article on the best US based cryptocurrency exchanges. For a quick look at the top crypto exchanges in the USA, have a look at the table below.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
Gemini
Uphold
Crypto.com
Coinbase
Coinmama
Crypto Exchange
Crypto Exchange
eToro
Gemini
Uphold
Crypto.com
Coinbase
Coinmama
Fiat Currencies
Fiat Currencies
USD
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK & 10+ more
USD, EUR, AUD, CAD, GBP, JPY
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 20+ more
BTC, ETH, BCH, DOGE, LTC, ZEC, ZRX, MKR, BAT, AAVE & 50+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 50+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 140+ more
BTC, ETH, ADA, DOGE, SOL, DOT & 70+ more
BTC, BCH, ETH, DOGE, ADA, LTC, XRP, XTZ, LINK, UNI
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Bank transfer (ACH), Credit card, Debit card, Fedwire, PayPal, Apple Pay, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Trading Fees
Trading Fees
Fees included in the spread
From 0.25% (maker) and 0.35% (taker)
Fees included in the spread
Exchange: from 0.4%, App: Free (included in spread)
0.5% + flat fee ($0.99 - $2.99) OR variable fee (1.49% - 3.99%)
2.86% - 3.90% (depending on loyalty level)

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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