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Crypto.com vs Coinbase: Which crypto exchange is better?

Evenly matched crypto heavyweights Crypto.com and Coinbase go head to head.

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By

Kate Steere

Updated

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Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Crypto.com and Coinbase are pretty evenly matched in terms of services. Both offer a debit card, an earn account and a non-custodial wallet. But while Coinbase has built a more beginner-friendly platform, Crypto.com pushes it that bit further with advanced trading features and an extensive exchange ecosystem.

Round 1: Vital statistics

Crypto.com AppCoinbase Digital Currency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
FCA-registered
Exchange locationHong KongUS
Offers a debit card
Earn returns on crypto
call to actionMore InfoGo to site
More Info

Both Crypto.com and Coinbase are both large – 50 million users and 98 million users respectively – and well-established platforms, making them pretty evenly matched in terms of market presence and the core crypto services that they offer, however, Crypto.com was granted Financial Conduct Authority (FCA) licence to operate in the UK in August, 2022.

Winner: Crypto.com

Round 2: Supported coins

Crypto.com AppCoinbase Digital Currency Exchange
Number of tradeable crypto assets271255
call to actionMore InfoGo to site
More Info

If you’re after obscure altcoins, then Crypto.com has you covered. It has an extensive number of lesser-known coins, with more added all the time. That’s not to say that Coinbase doesn’t have a decent number of supported coins, but Crypto.com slightly wins out if it is cryptocurrency variety that you are looking for.

Winner: Crypto.com

Round 3: Supported fiat currencies

Crypto.com AppCoinbase Digital Currency Exchange
Number of supported fiat currencies3123
call to actionMore InfoGo to site
More Info

Once again, Crypto.com and Coinbase are evenly matched when it comes to fiat currencies. GBP is covered, as well as other mainstream currencies such as AUD, EUR and USD.

Winner: Tie

Round 4: Fees

Crypto.com AppCoinbase Digital Currency Exchange
Minimum deposits£1£50
Deposit FeesNoneACH: Free
Wire transfer: $10
SEPA: €0.15
SWIFT: Free
Trading FeeMaker: 0.00-0.75%
Taker: 0.05-0.75%		Maker fee: 0.00-0.4%
Taker fee: 0.05-0.6%
Withdrawal FeesCryptocurrency: Fees varyACH: Free
Wire transfer: $25
SEPA: €0.15
SWIFT: £1
Deposit methodsCredit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS), Apple Pay, Google PayBank transfer, Credit card, Cryptocurrency, Debit card, PayPal
call to actionMore InfoGo to site
More Info

Neither Crypto.com nor Coinbase is particularly transparent when it comes to their crypto buying or selling fees. Trading fees can vary widely on both platforms, making it hard to know how much you’ll pay for your transaction. On the plus side, deposit fees via bank transfer are low for both. But Coinbase’s high card deposit fee and its large minimum deposit amount mean that it just loses out to Crypto.com.

Winner: Crypto.com

Round 5: Wallets

Both Crypto.com and Coinbase’s crypto wallets are non/self-custodial, which means you keep complete control of your private keys. Beyond the normal wallet services, Crypto.com’s wallet stands out more for its earn capability across multiple tokens. With no lock-up term, it gives users an opportunity to earn passive income on their crypto holdings.

Winner: Crypto.com

Round 6: Ease of Use

Coinbase’s platform has been created to appeal to beginners. It has an intuitive UI and makes buying your first cryptocurrency easy. In contrast, Crypto.com’s exchange or app may feel overwhelming initially. The user interface is easy to use, but its extensive ecosystem and additional functionality may take some time to get used to.

Winner: Coinbase

Round 7: Security

Crypto.com takes security seriously: it has cold storage of all digital assets and has also listed a bug bounty programme on HackerOne which provides rewards to those who spot gaps in the security of the platform. Both Coinbase and Crypto.com have a large insurance fund. But it’s worth knowing that in October 2021, the accounts of around 6,000 Coinbase customers were hacked and their funds stolen. Coinbase did reimburse users who were affected, but in contrast, Crypto.com has never experienced a hack.

Winner: Crypto.com

Verdict: Is Coinbase better than Crypto.com?

It’s a close competition between these 2 well-known cryptocurrency platforms. Both are well established and have features that include a crypto debit card and earn accounts. In our comparison, Crypto.com narrowly comes out on top. Its altcoin variety, tighter security and advanced features at an affordable price puts it slightly above Coinbase.

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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