Summary: Crypto.com is the better cryptocurrency exchange for investors in the United States and overseas because they offer more features, more assets and lower trading fees.
Coinbase are infamous for charging extremely high fees, which makes them an unattractive option compared to Crypto.com
- Crypto.com offers lower trading fees than Coinbase (0.1% vs 0.6%).
- Crypto.com offers a wider variety of cryptocurrencies (600 vs 200).
- The Crypto.com platform has more crypto-native features which include Staking, NFTs, the Cronos Blockchain and more.
Comparison overview
The table below provides a high-level overview of both the Crypto.com and Coinbase platforms. Use this to make a quick assessment on which exchange is best based on key features, fees and other important factors.
Coinbase vs Crypto.com: Supported Cryptos
Crypto.com currently supports over 600 cryptocurrencies on their platform, they have the second largest selection of cryptos in the world falling second to Binance. For a full list of their tokens, please visit their supported cryptocurrencies page.
Coinbase unfortunately does not have a large selection of cryptocurrencies on their platform and only offer 200 cryptos to invest in.
Coinbase vs Crypto.com: Fees
Crypto.com is one of the lowest fee exchanges in the world with a 0.1% flat fee on buys and sells. Their spreads are also very tight, which makes them a very efficient platform to execute transactions of orders over $100,000 USD.
Coinbase is widely regarded as one of the most expensive exchanges in the world and some of their trading fees can go up to 2%. The base fee for the Coinbase trading platform is currently 0.6% to buy, sell or swap on their exchange, or with Coinbase Wallet.
Coinbase vs Crypto: Security
Crypto.com has acquired the proper licensing in the United States and is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities Exchange Commission (SEC). Additional to this, 100% of users assets are held offline in cold storage on Crypto.com and they have secured a total of 750M USD in insurance against physical damage or destruction, and third-party theft.
Coinbase is considered an extremely highly secure exchange and is ranked third among the most trusted exchanges in the world. They store a large percentage of their customers funds offline while the remaining percentage online is fully insured. Coinbase also recently went public, thus adding more credibility to the platform.
Final Thoughts
Crypto.com is the superior exchange when comparing its key features and pricing structure with Coinbase. This is thanks to their low trading fees, larger selection of cryptocurrencies, and their alternative features like crypto staking, an NFT Marketplace and borrowing and lending.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
