Coinbase and Crypto.com are among the most popular places to buy cryptocurrencies, but they each have unique offerings. Coinbase, for example, has several features intended to create an onramp for beginners to learn about buying and selling cryptocurrencies. In addition, Coinbase makes it easy to trade one cryptocurrency for another or buy cryptocurrencies with fiat. However, with Coinbase, you’ll pay a higher fee for this convenience.
Crypto.com, on the other hand, may have lower fees (depending on how you purchase your crypto), but you won’t be able to trade one cryptocurrency for another. Crypto.com does, however, have a more extensive selection of cryptocurrencies to choose from than Coinbase.
It’s also worth noting that Coinbase is headquartered in the United States, and all of its services and offerings are available to U.S. users. Crypto.com, based in Singapore, has a range of offerings, but not all are available in the U.S.
Coinbase is best for:
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Cryptocurrency traders looking for convenience.
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Traders who want to easily convert one cryptocurrency to another.
Coinbase at a glance
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Minimum trade |
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Trading and transaction fees |
0.5% to 4.5% depending on payment method, cryptocurrency type, transaction size and platform. Other fees may apply. |
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Number of cryptocurrencies |
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Crypto-to-crypto trading pairs |
81 pairs with Coinbase Pro. |
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Website transparency |
Important information, including investment minimums, supported assets and how to close the account, can be easily found on the website. |
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Can use your own digital wallet? |
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Mobile app |
Two highly rated apps for iOS and Android. |
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Customer service |
Just email support. Emergency phone number provided to disable your account, plus an option to request to speak to a live agent. |
Crypto.com is best for:
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Mobile-first users.
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Transactions with fiat, or traditional, currency.
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DeFi, or decentralized finance, tokens.
Crypto.com at a glance
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Minimum trade |
$1 for Bitcoin; other cryptocurrencies vary. |
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Trading and transaction fees |
No trading fee, but transactions using credit/debit cards have 2.99% transaction fee. |
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Number of cryptocurrencies |
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Crypto-to-crypto trading pairs |
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Website transparency |
On Crypto.com’s website, you can easily find important information, including investment minimums, supported assets and how to close an account. |
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Can use your own digital wallet? |
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Mobile app |
Crypto.com’s main app is available on iOS and Android, with an average rating of 4.3 stars. |
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Customer service |
Crypto.com offers only chat-based help for most issues. |
This post was originally published on Nerd Wallet
