These include Crypto.com and Coinbase. It is possible to trade on both exchanges. You get excellent security and a digital wallet. Unlike Bitcoin, Coinbase’s USD currency (USDC) is dollar-stable. The Crypto.com coin (CRO) allows users to stake and gain benefits.
While both sites are popular, Crypto.com is far less. Maker-taker fees are slightly higher and may be fixed on Coinbase, whereas trading volumes are rewarded. Crypto.com also offers generous rewards such as crypto and deposit interest. But Coinbase stands out for its simplicity and educational opportunities. In the event that you are unsure of how or where to invest, visit the world’s top trading platform, Bitcoin Smarter Platform.
Features: Crypto.com v/s Coinbase
Both Bitcoin exchanges provide mobile apps and digital wallets for Android and iOS devices. There are advantages and disadvantages to each platform. Unlike Coinbase, Crypto.com, which was formed as a cryptocurrency payment platform, offers Visa cards, crypto pay at checkout, and other ways to earn Bitcoin.
Coinbase users have access to a wealth of information on Bitcoin trading. Completing a course or viewing a video on cryptocurrency may reward users $3 to $10 in Bitcoin. This site also has a waiting list for the Coinbase Visa debit card, which offers up to 4% rewards on every purchase. Also accessible is USD Currency, a Coinbase native currency (USDC). If you retain your USDC, you may get a 0.15 percent yearly dividend.
As compared to Coinbase, Crypto.com provides just a small amount of instructive content. The platform’s knowledge library provides an overview of its features. The “university” part also includes a blog and a few tutorials. Instead, it focuses on the items it offers:
Visa card: Rewards for CRO purchases may be as high as 8% depending on how much CRO is staked each card tier.
Crypto Pay: Gift cards may be purchased using cryptocurrency or you can choose to use crypto. At the cash register, consumers may pay with Bitcoin at several establishments.
Crypto Earn: It is possible to make as much as 12 percent on cryptocurrency deposits, however storing money on platforms is usually discouraged.
Crypto Credit: Up to 50% of a user’s crypto collateral may be borrowed with a Crypto loan for non-US citizens.
Currencies: Coinbase vs. Crypto.com
Crypto.com, in compared to Coinbase, offers more than 150 different currencies for trading. Money in the form of coin fractions or fiat currencies backs the US dollar and the Euro as well as the pound in the United Kingdom. In contrast to Coinbase, Cyrpto.com advertises 26 fiat currencies that are accepted by the site, but Coinbase only shows one fiat currency. Investors in Connecticut and Texas may not buy DAI or PAX Gold through Crypto.com if they live in New York, and customers of Coinbase in New York may not acquire certain currencies if they live there as well (PAXG). Both systems are compatible with Dogecoin (DOGE) and other widely used coins.
Security: Crypto.com vs. Coinbase
Crypto.com and Coinbase must adhere to industry-standard security measures if they want to operate in the United States. Two-factor authentication and FDIC insurance are in place for USD money on both exchange platforms. Besides that, they use a bug bounty programme to find flaws in their system. Coinbase keeps just 98 percent of its coins in cold storage, but Crypto.com keeps all of its coins in cold storage.
Each platform’s digital wallet includes features like as multi-factor authentication and address whitelisting. Coinbase does not need a whitelist for the Crypto.com wallet. An encrypted private key is provided by the Crypto.com wallet, which is only accessible by the user. Coinbase does not allow you to store your private keys in your online trading account, but you are able to do so in the standalone wallet and access them from any mobile device.
Ease of Use: Crypto.com vs. Coinbase Ease of Use
Both systems provide trading over the web or via mobile app. Exchanges seem different even though mobile applications and internet tools are simple to use. You can easily explore the Coinbase website and determine out your next actions thanks to its clear design.
Crypto.com, on the other hand, has a plethora of items and a design that might be a little confusing at first sight. Coinbase is a good place to start for those who are new to trading and don’t grasp the language or the sorts of transactions supported.