Coinbase and Crypto.com are two of the most popular cryptocurrency exchanges in the world. Both exchanges have established themselves as reputable, secure and easy-to-use platforms for beginners looking to start buying or trading cryptocurrency. However, there are some differences between the exchanges that may make one better than the other.
In this article, we examine the fees, features and benefits of both Crypto.com and Coinbase to determine which one offers the better service.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Round 1: Crypto.com vs. Coinbase on vital statistics
Both Crypto.com and Coinbase are international cryptocurrency exchanges. Coinbase and Crypto.com offer their services in more than 100+ countries. The difference that tips the scales in Crypto.com’s direction is that it generally works closely with local regulators to acquire licenses and permits to operate.
The exchanges offer their user bases ways of earning cryptocurrency over time. Crypto.com has its crypto earn program whereas Coinbase’s learning portal offers staking for some assets and offers rewards on deposits of DAI, a popular USD stablecoin. Crypto.com has a well-established Visa debit card that allows users to convert their cryptocurrency into fiat and spend from the card anywhere that Visa is accepted.
Although Coinbase has been around for longer, Crypto.com has grown to offer an impressive set of features to its users, winning the round on vital statistics.
Crypto.com offers more crypto coins and tokens for buying and selling than Coinbase. Crypto.com also offers key coins that Coinbase doesn’t (such as XRP). This could be because Crypto.com isn’t located in the United States and doesn’t have to conform to the same regulations as Coinbase.
Due to a larger diversity of coins, Crypto.com wins the supported coins round.
Coinbase offers slightly more fiat currencies than Crypto.com. Both of them offer support for major fiat currencies such as USD, CAD, GBP and AUD. Since Coinbase offers a few more fiat currencies than Crypto.com, Coinbase wins this round.
Winner: Coinbase
Round 4: Fees and costs
Deposit Fees
None
ACH: $0 Wire (USD): $10
Trading Fee
Maker - 0-0.075% Taker - 0.05-0.075%
Trading: Maker: 0.40% - 0.00% Taker: 0.60% - 0.05% Spread: Average of 0.5%
Withdrawal Fees
Cryptocurrency: Fees vary
ACH: $0 Wire: $25
Deposit methods
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
Coinbase and Crypto.com offer comparable rates to their users across deposits, purchases and withdrawals.
However, Crypto.com has one disadvantage. In order to access lower trading fees on Crypto.com, traders need to purchase and stake its signature cryptocurrency CRO. The more CRO users own, the cheaper the trading fees become.
On Coinbase’s side, it offers withdrawals to PayPal, which is a convenient and popular withdrawal option for many people. Since Coinbase has simpler fee structures and convenient withdrawal methods, Coinbase wins on fees and costs.
Winner: Coinbase
Round 5: Wallets
Coinbase and Crypto.com both have their own proprietary wallets.
Crypto.com’s DeFi Wallet offers the ability to hold cryptocurrency from a range of different networks including Ethereum, Avalanche, Polygon, Binance and Cronos. Coinbase’s wallet has the same network support except it has Solana instead of Cronos. Both wallets allow you to directly interact with dApps, but the DeFi Wallet also has a dedicated swap and earning tab while the Coinbase wallet doesn’t.
Due to the sheer volume of features within the Crypto.com DeFi Wallet, the winner of this round is Crypto.com — unless you need Solana support.
Winner: Crypto.com
Round 6: Ease of use
Cryptocurrency is challenging for beginners regardless of how well-designed an app may be. With that being said, Coinbase goes out of its way to hand-hold beginners through the process of owning, trading and using cryptocurrencies. Through Coinbase’s learning portal, users can earn small amounts of cryptocurrency by watching videos and answering questions.
Winner: Coinbase
Round 7: Security
Crypto.com has never experienced a significant hack of any kind, so any evaluation of their security must be done based on what audits and certificates they’ve received. Crypto.com has more third-party security audits than any other cryptocurrency exchange in the world.
While Coinbase has strong security, they experienced an incident in October 2021 where their SMS recovery process was compromised leading 6,000 accounts to also be compromised. Affected users were reimbursed.
Winner: Crypto.com
Coinbase vs. Crypto.com winner: Crypto.com
The competition between Coinbase and Crypto.com was close, but Crypto.com won four of the seven rounds of analysis. The overall winner between Coinbase and Crypto.com was Crypto.com because of its vital statistics, wide support of cryptocurrency, its proprietary wallet, and its security practices.
Although Crypto.com won this comparison, both exchanges offer world-class services to their user bases and are acceptable options for beginners getting into cryptocurrency.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Keegan Francis was a cryptocurrency writer for Finder. He has been invested in cryptocurrencies since 2013 and writing about them since 2018. He has written and edited for CryptoVantage. In 2020 he and his wife Mrugakshee Palwe opted entirely out of the world of traditional finance and went "full crypto", covering their experience in the Go Full Crypto podcast and via a Substack newsletter. Keegan holds a Bachelor of Computer Science from Acadia University, and has attained graduate certificates from Ivan On Tech's lightning network course and the Consensys Academy Ethereum bootcamp. When Keegan is not working on cryptocurrency, he enjoys travelling, rock climbing and playing piano. See full bio
Coinbase is easy to use with diverse features, but high fees and limited transparency may deter traders.
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