But because of this large number of variety of crypto exchanges and wallets, it becomes difficult for new traders and investors to compare which one is best. There are many comparisons on various crypto exchanges and wallets available on the internet and if you are looking for the same then you are at the right place.
In this article, we will talk about Coinbase.com and Crypto.com, two of the best and most well-known cryptocurrency exchanges available in the market with a large number of active users. Both of these platforms support more than 250 available cryptocurrencies for buying, selling, trading, and staking and offer various unique and different features to their users which we will see in our further content.
Now, we will do a comparison between Coinbase.com and Crypto.com on the basis of types of wallets, fees, and security.
Difference between Coinbase.com and Crypto.com:
Coinbase.com and Crypto.com are two trusted and most reputed cryptocurrency exchange platform that allows their users to buy, sell, send, receive, trade, withdraw, and stake a large number of cryptocurrencies. Along with that, both of these platforms offer non-custodial digital wallets to their users for storing and managing their digital assets. Users of both platforms can trade and invest in cryptos in a convenient way via browser login as well as mobile apps. Along with various similarities, there are some differences also between both of these platforms which we will discuss in the further content.
On the basis of fees:
The comparison of Coinbase and Crypto.com on the basis of trading fees states that Crypto.com is cheaper than Coinbase. It charges 0.04% to 0.4% maker fees, 0.1% to 0.4% taker fees, free wire transfers, and over 2.99% fees on purchases through credit cards. On the other hand, Coinbase charges up to a 0.60% taker fee and 0.40% maker fee per trade, a 10$ fee for a deposit, and 25$ for a withdrawal.
On the basis of types of wallet:
The comparison of Coinbase.com and Crypto.com on the basis of types of wallets states that both of these platforms offer self-custody wallets to their users for storing and managing their assets. Self-custody or non-custodial wallets enable their users to maintain complete control over their digital assets, private key, and transactions without involving any third party.
On the basis of security:
Security is the most important and considerable term in any crypto platform and in terms of security, both of these platforms take security measures very seriously. Both platforms offer Two-factor authentication, cold storage, biometrics login, Federal Deposit Insurance Corporation (FDIC) insured USD balances up to $250k against theft, and a bug bounty program to find weaknesses. Along with that Coinbase.com also offers address whitelisting, yubikey for mobile, Coinbase vault, and AES-256 encryption for digital wallets.
Final thoughts
Overall, both of these platforms are the best and most powerful crypto exchanges available in the crypto market with unique features. They both offer various unique features, tools for trading, high security, and more with easy-to-use interfaces. If you are looking for a cheaper platform then you can choose Crypto.com. But if you are looking for more advanced features and tools for trading then you can go with Coinbase because it also offers an advanced trade platform known as Coinbase.com/advanced trade. Users should consider their needs and requirements while choosing between Coinbase and Cypto.com.
