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.

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.

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.

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.

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.

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.