Matrixport vs Crypto.com: Which Crypto Interest Account is Better?

Matrixport vs Crypto.com: Which Crypto Interest Account is Better?

Robert McDougall 

July 8, 2022

Cryptocurrency

Matrixport serves people who are looking to make investments in crypto by providing all possible features that a crypto exchange platform can have. Regardless if you’re a beginner, intermediate user, or an experienced crypto trader, with Matrixport you can trade, earn, invest, and lend crypto assets.

Moreover, every process is made easy by the platform’s simple-to-navigate and quite intuitive mobile app. It is one of the best platforms to offer these types of services and is quickly becoming one of the fastest-growing exchanges with a strong footing in Asia.

Crypto.com enjoys a similar reputation by being among the top 20 largest crypto exchanges in the world. This platform has quickly gone mainstream, and you can trade, buy, sell, lend, or stake coins while also using its beginner-friendly app suitable for both iOS and Android devices.

What’s more, the company employs 24/7 customer support with a live chat option, which is a fantastic asset, especially for beginners.

In this comparison of Matrixport and Crypto.com, we’ll cover everything investors need to know about these two platforms, their features and fees, pros and cons, and security measures in place so you can decide which path to take and start investing today.

Matrixport vs Crypto.com: Interest Rate Comparison

Header

BTC

3% APY (Locked for 3 months)

3% APY

ETH

3% APY (Locked for 3 months)

3% APY

USDC

6% APY (Locked for 3 months)

15% APY

USDT

6% APY (Locked for 3 months)

15% APY

Cell
Header

BTC

3% APY (Locked for 3 months)

3% APY

ETH

3% APY (Locked for 3 months)

3% APY

USDC

6% APY (Locked for 3 months)

15% APY

USDT

6% APY (Locked for 3 months)

15% APY

Cell

Matrixport vs Crypto.com: Comparison Table

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Nunber of Coins

250

15+

Minimum Deposit

None

None

Withdraw Fee

Varies

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

Pros

- Supports a huge range of 250+ coins

- NFT marketplace available

- Visa debit card to earn CRO cashback

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

Cons

- Low interest unless locked for 3 months

- Staking not available in Hong Kong, Switzerland, Malta

- Not available in the USA

- Can only be operated via app

Website

Matrixport vs Crypto.com: Comparison Table

Cell

Number of Coins

250+

15+

Minimum Deposit

None

None

Withdraw Fee

Varies

BTC: 0.0005 BTC

ETH: 0.005 ETH

USDT (ERC-20): 10 USDT

USDT (TRC-20): 1 USDT 

USDC (ERC-20): 20 USDC

USDC (TRC-20): 1 USDC

Pros

- Supports a huge range of 250+ coins

- NFT marketplace available

- Visa debit card to earn CRO cashback

-  Various investment options available

- Mobile app available

- Instant crypto purchase options

Cons

- Low interest unless locked for 3 months

- Staking not available in Hong Kong, Switzerland, Malta

- Not available in the USA

- Can only be operated via app

Website

Pros
  • Wide selection of over 250+ coins
  • Beginner-friendly mobile app
  • Instant crypto-backed loans available
  • Visa debit card available, to earn CRO cashback when you spend fiat currency
Cons
  • Not available in Hong Kong, Switzerland, Malta
  • If you use flexible staking, the interest rates are very low
Pros
  • Instantly buy and sell cryptocurrencies
  • Incredible security and safety standards
  • Huge 15% APY on stablecoins
  • $15 USD FREE bonus when you sign up with our link and deposit $300
Cons
  • No desktop application
  • Not available in the USA

Matrixport vs Crypto.com Features 

Matrixport offers a whole host of services for its users to utilise and earn interest on their crypto assets.

One of the platform’s best services is the one called ‘Earn’ - it allows users to create high yields on their idle crypto assets, which is similar to savings accounts. This service offers some interesting possibilities, such as fixed income, Flexi saving, smart pool, and DeFi intelligence. Users can make use of these features as they offer a great deal of flexibility, ensuring various high-yield generation opportunities.

Additionally, you can use Matrixport’s investing service, which provides a range of possibilities to further generate higher returns. This service has the option of ‘Dual Currency’ that aims for double-digit yields, regardless of how volatile the market is. While these products are somewhat similar to loans, they have a variable rate of return and approximately 70% APY yields, and are considered quite riskier.

Next, we have the trade and loan services, which allow you to buy Bitcoin with no commission, offering 5 times the leverage. As for loaning, Matrixport is considered one of the best crypto loan platforms. Namely, you can take out crypto-backed loans at highly competitive rates with no hassle at all, and with instant approval.

Crypto.com is trying to diversify its ecosystem and is currently also serving as a lending platform. Here investors can obtain loans, but they’ll need to deposit crypto for which they’ll instantly receive their loan.

You can repay your loan partially or fully at any point within the first 12 months of acquiring it. This means that you won’t have to wait to gradually repay the loan before acquiring a new one. When a new opportunity arises, and you want to take out a new loan, simply repay the old one at no additional cost.

One of the best services at Crypto.com is the over-the-counter (OTC) feature allowing investors to trade larger volumes and receive lower trading fees. Because of the volume of trading orders, the platform offers custom quotes to these traders to reduce fees. This can be pretty handy allowing you to trade with huge amounts while not worrying about getting hit with high fees.

For beginners, though, the platform utilises its features and offers various trading tools allowing instant execution of trades. You also gain access to charts, book orders, and trading history. When you combine these assets, you get help with confirmation receipts and take advantage of 10 times bigger margins.

Winner - Crypto.com

Crypto.com caters to all types of investors and offers slightly better features and tools than Matrixport. This, alongside high volume trading opportunities, less hassle, and lots of useful trading insight, makes us choose them as the winner in this category.

Matrixport vs Crypto.com Fees

Matrixport doesn’t charge anything for crypto trading and there are no spreads. Investors can trade at the true cost but will endure transaction fees if a credit or debit card is used, at 3.5% per trade.

As for deposit and withdrawal fees, the platform doesn’t charge any deposit fees, but there are some minimum deposit requirements, depending on the coin in question. If you wish to deposit using fiat, you’ll be subjected to a fee ranging from $20 to $50.

Crypto withdrawal fees are dependant on the cryptocurrency, while fiat withdrawals are subjected to a $30 flat fee.

Crypto.com does not charge any fees for trades using their app; instead, the fee is factored into the spread. It is free to deposit fiat into your app, but if you want to purchase crypto directly using a credit/debit card, there will be a fee of around 3.50% (depending on your country).

Crypto withdrawal fees will vary based on the coin, and fiat withdrawals are free of charge.

Winner - Matrixport

Matrixport does not charge any commission for crypto trades, and there are no spreads, unlike Crypto.com.

Number of Cryptocurrencies

Matrixport offers support for 15+ cryptocurrencies, while Crypto.com offers support for a wide range of 250 coins, and you can earn interest on over 40 of them.

Both support the most popular cryptocurrencies, such as Bitcoin, Ethereum, and USD Coin, and while users expect Matrixport to expand its offering, Crypto.com is already taking the next steps into adding more, including several marketplaces.

Winner - Crypto.com

No contest as Crypto.com comes out as a winner here since it already supports a huge number of cryptocurrencies and staking coins. But that’s not all, the latest reports indicate that Crypto.com management is looking to continue its expansion by adding a few more marketplaces to its exchange.

Matrixport vs Crypto.com Security

Both platforms have employed an array of safety measures and security features to protect users’ data, assets, and holdings.

Matrixport uses distributed data centres, vault-level security, multi-signature mechanisms, and private storage keys in HSM. Additionally, there’s two-factor authentication (2FA) in place with high level encryption. The platform is licensed in Hong Kong and Switzerland, and this means it bears significant credibility. 

Crypto.com is also quite serious about safety and security, as it screens every deposit made with a team monitoring every transaction as well. What’s good about this platform’s data storage is that it’s kept offline in a cold wallet storage unit. This ensures all of your assets and information are protected from successful breaches.

Additionally, it employs multi-factor authentication and is certified with a Class 3 VFA licence and an Electronic Money Institution (EMI) licence from MFSA.

Winner - Crypto.com

Crypto.com wins this one easily since it steps up its security game and upholds incredibly high safety and ethical standards. Unlike Matrixport, Crypto.com is being observed by a couple of regulatory bodies, ensuring investors feel safer about their data and assets in the process.

Verdict - Crypto.com

Matrixport is an all-in-one crypto platform catering to suit every crypto enthusiast’s needs and investment activities. Here you can buy, sell, trade, loan and earn interest on the crypto of your choice.

Currently, the platform also provides about 1,288 USDC in trial coupons and a 15% annualised fixed income offer for those who are looking to generate instant yields. New users also receive $15 USD free with this link.

However, Crypto.com excels in almost every aspect compared to Matrixport, and is the better choice of the two. The platform is convenient for beginners, intermediate users, and advanced traders and provides probably the best DeFi staking platform around.

Moreover, investors can have access to over 250 cryptocurrencies trades executed instantly, and 40+ coins to stake without any hassle at all.

Even though the interest rates aren't as high if you use flexible staking, once you lock it for 3 months the APY you can earn is comparable to other crypto interest accounts.

Overall Winner - Crypto.com

Crypto.com wins in almost every section in this comparison, and is our pick for those looking to choose between these two platforms.

Still Researching?

If you are looking for other options to earn interest on your crypto, you can have look at our review on Matrixport (here) and Crypto.com (here), or this article on the best crypto savings accounts.

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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