Investing Trading Cryptocurrency & Bitcoin Crypto.com vs. Coinbase Coinbase Is Good for Beginners and Crypto.com Is for Experienced Traders By Brian Nibley Brian Nibley Website Brian Nibley is a cryptocurrency and cryptocurrency investing expert who has been studying and writing about cryptocurrency since 2013. In addition to his journalism, he has written white papers for bitcoin startups, and contributed to the Nicoya Research investment newsletters. He holds a BA in Communications Studies from California State University, Chico. learn about our editorial policies Updated on February 13, 2023 Reviewed by Anthony Battle Fact checked by Hans Jasperson Fact checked by Hans Jasperson Hans Jasperson has over a decade of experience in public policy research, with an emphasis on workforce development, education, and economic justice. His research has been shared with members of the U.S. Congress, federal agencies, and policymakers in several states. learn about our editorial policies We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more. Coinbase is a popular U.S.-based cryptocurrency exchange and one of the largest exchanges in the world. Coinbase is a good option for beginners with little to no cryptocurrency experience. The platform hosts a learning center for those looking to make their first purchase or to set up recurring buys. Crypto.com is a smaller, newer exchange with various features like crypto lending and trading competitions and can only be used as a mobile app. With more than just the ability to buy and sell crypto, experienced traders or those looking for advanced services might prefer Crypto.com. We reviewed Crypto.com and Coinbase based on supported currencies, security, fees, and features, to help you decide which is best for you. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by The Balance or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed. Crypto.com vs. Coinbase View All Crypto.com vs. Coinbase Crypto.com Coinbase At a Glance Ease of Use Security Features Currencies Fees Access Final Verdict Methodology Crypto.com Crypto.com Sign Up Now Pros Pays high interest on some crypto deposits One-stop shop for exchange, lending, and more Native token (CRO) reduces transaction fees for users Cons A newer exchange with less proven track record High staking rewards may question business model Only accessed by mobile app Coinbase Coinbase Sign Up Now Pros Easy to use for beginners Strong track record and reputation for security Educational and learning tools Cons Complicated fee structure Fees based on multiple factors Smaller selection of currencies At a Glance Crypto.com Coinbase Fees 0% to 0.075% maker fees, 0.05% to 0.075% taker fees Fees are calculated when the order is placed and vary by location, the selected payment method, the size of the order, and market conditions. Currencies 250+ 245 Security Two-step verification, FDIC-insured USD balances up to $250,000, platform insurance against theft, nearly 100% of funds held in cold storage, and maintains an ongoing bug bounty program Two-step verification, FDIC-insured USD balances up to $250,000, platform insurance against theft, 98% of funds held in cold storage, and maintains an ongoing bug bounty program Wallet Multi-factor authentication and AES-256 encryption AES-256 encryption Transactions Supported Buy, sell, send, receive, withdraw, and exchange Buy, sell, send, receive, withdraw, and exchange Crypto.com vs. Coinbase: Ease of Use Coinbase is designed for novice crypto users, and buying and selling are the main activities on the exchange. Trading can be achieved via a web-based application, and Coinbase touts an earning while you are learning philosophy. Beginners use Crypto.com for buying and selling, but the platform offers several advanced features, such as auto trading via its mobile app, which may appeal to experienced traders. Crypto.com vs. Coinbase: Security Both platforms have high standards and follow industry best practices, holding the vast majority of customer funds in cold storage for increased security. The standard wallet provided by Coinbase is a hot wallet that can easily send or receive crypto. Users who plan to hold their coins can use vaults, the company's term for cold storage. Coinbase claims to have 98% of its funds in cold storage. Crypto.com claims to hold 100% of funds in cold storage through a partnership with Ledger and offers an institutional-grade custody solution for customers. While 100% of customer funds are held in cold storage, Crypto.com has hot wallets that hold corporate funds for processing customer withdrawal requests. These hot wallets are also controlled by hardware modules and require multiple signatures for transactions. Crypto.com vs. Coinbase: Features Both Crypto.com and Coinbase offer the following features: Automatic staking services for some proof-of-stake coinsInterest-earning wallets for the USDC and DAI stablecoinsCrypto lending servicesPrice alertsEducational materials Partnership with Visa debit cardNFT tradingReward programsBusiness commerce feature Additionally, Crypto.com offers an automated trading platform and trading bots which allow customers to set up specific trading strategies provided by Crypto.com. Crypto.com also has additional debit cards to offer customers, with cashback rewards varying from 1% to 5%. Crypto.com offers exclusive Private Members' perks where Private Members enjoy an extra 2% p.a. rewards distributed in CRO, the company's native coin. Rewards rates vary from 2% to 12.5%. Coinbase offers two popular ways of earning rewards through Staking and DeFi yield, with account holders earning up to 6.00% APY on crypto. Crypto.com vs. Coinbase: Currencies Coinbase has expanded its selection of cryptocurrencies to 245, but Crypto.com offers a greater selection of currencies overall. Crypto.com offers Bitcoin and 250+ other cryptocurrencies as well as over 20 different fiat currencies. Crypto.com also supports over 1,000 additional tokens through its DeFi wallet. Crypto.com vs. Coinbase: Fees Coinbase fees are calculated when you place your order and may be determined by location, the selected payment method, the size of the order, and market conditions. Coinbase also includes a spread in the price when you use a simple trade to buy or sell cryptocurrencies and in the exchange rate when you convert cryptocurrencies. No spread is included when using Coinbase's advanced trade option because it is interacting directly with the order book. Crypto.com charges from 0% to 0.075% for its maker fees and 0.05% to 0.075% in taker fees. Users pay less when they trade more with a volume-based trading fee structure or stake CRO. Both Crypto.com and Coinbase have teamed up with Visa to offer a credit card and debit option. Fees vary for both companies depending on the number of ATM withdrawals and purchases. Crypto.com vs. Coinbase: Access Both Coinbase and Crypto.com can be used in 100+ different countries. In the U.S., residents of Hawaii aren’t able to use Coinbase but can access Crypto.com. New York residents can’t use Crypto.com. Final Verdict Final Verdict After evaluating Crypto.com and Coinbase, we found that those who are new to crypto would likely find Coinbase more appealing with its web-based interface. Crypto.com offers a larger selection of currencies, auto trading, and an array of features that can benefit crypto veterans. What Are Crypto.com and Coinbase? Crypto.com and Coinbase are cryptocurrency exchange platforms for buying, selling, and trading cryptocurrency, whether fiat-to-crypto or crypto-to-crypto transactions. Crypto.com serves as a kind of one-stop shop for crypto-related services. Coinbase benefits beginner traders with its learning features. How Do Crypto.com and Coinbase Work? Crypto exchange platforms enable users to buy/sell and send/receive cryptocurrency. These are the services that define a crypto exchange. Many offer a variety of services in addition to the basics. Who Should Use Crypto.com Versus Coinbase? Beginners could consider trying Coinbase first. The exchange can be accessed via a web browser and has limited features, creating fewer chances for confusion. Experienced users may consider Crypto.com as a better option, accessed only as a smartphone app. Methodology When reviewing Crypto.com and Coinbase, we compared each platform based on ease of use, fees, security, features, geographical access, and supported currencies. We also considered the type of user that would benefit from each exchange. While Crypto.com and Coinbase are secure exchanges that any beginner could use, Crypto.com has more of a learning curve, and its wide selection of features may be overwhelming. Coinbase has a simple interface and educational materials, making it ideal for beginners. Crypto Com vs. Coinbase Article Sources CoinMarketCap. "Top Cryptocurrency Spot Exchanges." Coinbase. "Vault." Crypto.com. "Ledger Support for Wallet Extension." Crypto.com. "Trading Bots." Crypto.com. "Earn." Coinbase. "Earn." Coinbase. "Listed." Crypto.com. "App." Coinbase. "Pricing and Fees Disclosures." Crypto.com. "Fees & Limits." Coinbase. "Cardholder Agreement." Crypto.com. "Cards." Coinbase. "Places." Crypto.com. "In Which U.S. States the Crypto.com App Is Available?" Related Articles Coinbase vs. Coinbase Pro: How Do They Compare? eToro vs. Coinbase Exodus vs. Coinbase Binance vs. Coinbase Kraken vs. Coinbase Kraken vs. Binance Best Bitcoin IRA Companies Best Cryptocurrency Exchanges Best Bitcoin Wallets Best Places to Buy Bitcoin Best Stock Trading Apps for Android Cryptocurrency Exchange Methodology Best Stock Trading Apps of 2023 What Is a Cryptocurrency Savings Account? Verge (XVG) Explained How Do You Buy Bitcoin? Newsletter Sign Up By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies