Crypto.com vs. Coinbase: Which is Better in 2024?
Coinbase is one of the largest exchanges, but Crypto.com has been growing in popularity - so which is better in 2024? Learn more about Crypto.com vs Coinbase.
Crypto.com vs. Coinbase: At a glance
| Feature | Crypto.com | Coinbase |
|---|---|---|
| Fees | Maker/taker fees up to 0.75%, other transactions vary | Maker/taker up to 0.6%, other transactions vary |
| Account minimum | $0 | $0 |
| Supported cryptocurrencies | 300+ | 260+ |
| User interface | User-friendly with a number of products | User-friendly with advanced trading features |
| Security | 2-step verification, cold storage | 2-step verification, cold storage |
| Customer support | Email, chat, X, 1.5 star Trustpilot score | Phone, email, chat support, 1.8 star Trustpilot score |
| Other crypto products | Crypto debit card, staking, options | Multiple features including staking, crypto cards, and learn and earn |
| Trust | Generally trusted, past security breach | Generally trusted, legal challenges |
Coinbase vs. Crypto.com: An overview
Coinbase
Coinbase is renowned for its beginner-friendly interface and additional product offerings. It offers a straightforward trading process and a wide range of educational materials, making it one of the most accessible crypto exchanges for new investors. Available on both desktop and mobile, Coinbase supports over 260 cryptocurrencies and provides extensive security measures.
Crypto.com
Crypto.com is a mobile-first platform that offers a variety of features, including a crypto debit card with up to 5% rewards. Supporting more than 300 cryptocurrencies, Crypto.com is known for its low fees, making it a great choice for frequent traders. However, it faced a security breach in 2022, which has since led to enhanced security measures.
Crypto.com vs. Coinbase: Key features
Fees
Coinbase: Charges fees between 0 - 0.60%, with fees on the standard platform being higher depending on various factors.
Crypto.com: Has fees ranging from 0 - 0.075%, making it a more affordable option for most users.
Supported cryptocurrencies
Coinbase: Supports over 260 cryptocurrencies and more than 400 crypto-to-crypto trading pairs.
Crypto.com: Offers over 300 cryptocurrencies, putting it slightly in the lead for altcoin investors.
User interface
Coinbase: Known for its intuitive interface on both desktop and mobile, making it ideal for beginners.
Crypto.com: A mobile-first platform that offers a seamless trading experience on iOS and Android devices.
Security
Coinbase: Employs extensive security measures, including cold storage for 98% of assets, insurance against cybercrime, and FDIC insurance for USD balances.
Crypto.com: Also highly secure, with 100% of assets held in cold storage and backed by reserves, and enhanced security measures.
Customer support
Both platforms offer customer support but have faced criticism for response times.
Coinbase: Provides phone, email, and chat support.
Crypto.com: Offers support via email, chat, and Twitter.
Other crypto products
Coinbase: Offers Learn and Earn programs, staking, and a crypto debit card.
Crypto.com: Provides a crypto debit card with high rewards, an options product, staking, and NFTs.
Read next: What are the best crypto Learn and Earn programs?
Trust and reputation
Coinbase: Considered one of the most trustworthy crypto platforms, though it has faced legal challenges, including lawsuits from the SEC and individual states.
Crypto.com: Faced a security breach in 2022 but has since improved its security measures.
So which is better out of Crypto.com vs. Coinbase?
Choosing between Crypto.com and Coinbase depends on your specific needs and investment strategy. If you prioritize lower fees, high debit card rewards, and want access to options products, Crypto.com may be the better choice. On the other hand, if you are a beginner looking for an easy-to-use platform with extensive educational resources and robust security, Coinbase is likely the better option.
Don’t forget the tax bill…
Whether you’re using Crypto.com or Coinbase, you’ll likely have a tax bill. Koinly supports both Crypto.com and Coinbase via API or you can upload a CSV file of your transaction history to easily calculate your gains, losses, income, and more. Sign up free today.
