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Note: The prominent crypto exchange FTX recently filed for bankruptcy, setting off a chain reaction impacting other exchanges and leading various cryptocurrency values to plummet.Until the dust settles, proceed with extreme caution; it may be wiser to park your funds in a high-yield savings account until the crypto market stabilizes.Coinbase 4.35 /5 A five pointed star
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Account Minimum $2 Fees 0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade Investment Types Cryptocurrencies and NFTs Start investing On Coinbase’s website View Full Details Coinbase 4.35 /5 A five pointed star
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Account Minimum $2 Fees 0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade Investment Types Cryptocurrencies and NFTs View Full Details Start investing On Coinbase’s website Coinbase Start investing On Coinbase’s website Details Account Minimum $2 Fees 0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.60% for Coinbase Pro and Coinbase Advanced Trade Editor’s Rating 4.35 /5 A five pointed star
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4.35 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Pros Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoin Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Educational investment resources, mobile access, digital storage, and customer support Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Low account minimums Check mark icon A check mark.
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Can earn rewards for certain cryptocurrencies Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Coinbase card lets you spend crypto or USD anywhere and earn crypto rewards; can deposit your paycheck into your account and convert from USD to crypto with no fees Cons Dash icon A dash.It often indicates an interaction to shrink a section.
Pay more for lower balances Dash icon A dash.It often indicates an interaction to shrink a section.
High trading and transaction fees Dash icon A dash.
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Limited staking options Highlights Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
More Information Promotion: Get $5 of bitcoin when you join Coinbase; earn up to $200 when you set up a new account and make your first purchase Features: Coinbase Earn rewards, Coinbase Pro advanced account, user-controlled storage, stablecoins, staking, and institutional trading tools.App store rating: 4.7 iOS/ 4.1 Android; Coinbase Pro: 4.7 iOS/ 4.1 Android Awards: Named Best Prime Broker in Hedgeweek’s annual European Digital Assets Awards Additional Reading Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
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Crypto.com 4.32 /5 A five pointed star
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Account Minimum $1 Fees Maker fees 0.0750% – 0% and taker fees are 0.0750% – 0.0500%; 0% credit/debit card purchases for first 30 days of opening account Investment Types Cryptocurrencies and NFTs Start investing On Crypto.com’s website View Full Details Crypto.com 4.32 /5 A five pointed star
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Account Minimum $1 Fees Maker fees 0.0750% – 0% and taker fees are 0.0750% – 0.0500%; 0% credit/debit card purchases for first 30 days of opening account Investment Types Cryptocurrencies and NFTs View Full Details Start investing On Crypto.com’s website Crypto.com Start investing On Crypto.com’s website Details Account Minimum $1 Fees Maker fees 0.0750% – 0% and taker fees are 0.0750% – 0.0500%; 0% credit/debit card purchases for first 30 days of opening account Editor’s Rating 4.32 /5 A five pointed star
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4.32 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Pros Check mark icon A check mark.It indicates a confirmation of your intended interaction.
250+ cryptocurrencies; support for more than 20 fiat currencies Check mark icon A check mark.It indicates a confirmation of your intended interaction.
No fees to send crypto to other users through mobile app; separate NFT platform Check mark icon A check mark.
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Earn up to 5% cash back on purchases with Crypto.com Visa Card Check mark icon A check mark.It indicates a confirmation of your intended interaction.
You can set up price alerts and price movement alerts to stay updated on more than 200 assets Check mark icon A check mark.It indicates a confirmation of your intended interaction.
No fees to deposit crypto in mobile app or exchange crypto-to-crypto Check mark icon A check mark.It indicates a confirmation of your intended interaction.
Earn up to 14.5% per year on certain crypto assets Cons Dash icon A dash.It often indicates an interaction to shrink a section.
Pay more for lower balances Dash icon A dash.It often indicates an interaction to shrink a section.
Crypto.com isn’t available to residents of New York Highlights Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
More Information Promotion: Get up to $2,000 for every friend you refer and 50% of their trading fees.Additional Reading Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
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Bottom line: Both Coinbase and Crypto.com both offer hundreds of cryptocurrencies, but Coinbase is one of the best cryptocurrency exchanges for investors who value ease of use (plus its institutional services are hard to beat).Crypto.com best serves traders who want higher interest-earning potential and token-swapping services.
Coinbase vs.
Crypto.com: The Biggest Differences Coinbase and Crypto.com are two popular cryptocurrency exchanges offering hundreds of assets for individuals and institutions across the globe.
Both platforms offer staking (a process whereby users earn crypto rewards for holding certain assets for a set period of time), spending perks, wallet services, and much more.
Coinbase is the best choice for beginners or institutions who want to get the most out of their crypto.Crypto.com, on the other hand, better serves traders who want to earn higher staking rewards and use DeFi services.
If you’re interested in investments in other types of assets beyond digital currency , you can check out our lists for the best investment apps , the best investment apps for beginners , the best online brokerages , and the best robo-advisors .
Coinbase vs.Crypto.com Coinbase Crypto.com Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
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Editor’s Rating 4.35/5 A five pointed star
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Min.
deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
$2 Fees Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.50% for Coinbase Pro Editor’s Rating 4.32/5 A five pointed star
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Min.deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
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Maker/taker fees 0.04% – 0.40%; 0% credit/debit card purchases for first 30 days of opening account Start investing On Coinbase’s website Start investing On Crypto.com’s website Is Coinbase Right for You? Formed in 2012, Coinbase is a cryptocurrency exchange serving individuals and institutions across the globe.To date, the platform serves roughly 73 million verified users, and $128 billion in assets across 100 countries.
Pros More than 250 cryptocurrencies available Users can take advantage of several products, including Coinbase Earn, Coinbase Learning Rewards, Coinbase Pro, Coinbase Advanced Trade, Coinbase One, and more Staking rewards of up to 6% Users can spend USD anywhere and earn crypto back on purchases with Coinbase Card
Cons Limited staking selection Pay more for lower balances Only 23 states offer margin trading Who Coinbase is Best For Coinbase is best for active retail investors and intuitions who value flexibility and want to trade multiple cryptocurrencies.It’s suitable for both experienced and beginner investors.
Coinbase also offers NFTs through its new NFT platform.It’s not best for investors wanting to earn abundant staking options.
Ways to Invest With Coinbase Coinbase’s investment selection includes more than 250 cryptocurrencies and a plethora of services for institutions, including the Coinbase Prime brokerage platform, Coinbase Institutional, as well as commerce services and institutional-grade offline storage.
Individual investors can access the following investment products and features on Coinbase:
Coinbase Learning Rewards: A feature that pays you in crypto for watching educational videos and taking quizzes about the cryptocurrencies it lists.Coinbase Card: A Visa debit card that has no spending or annual fees.You can earn up to 4% back in crypto rewards on every purchase.
Coinbase Borrow: A self-hosted crypto wallet that permits you to use your bitcoin as collateral to get a loan of up to $1 million.You’ll have to pay back at an 8% APR, though.Coinbase NFT Marketplace: The new Coinbase NFT Marketplace is a beta platform that provides trading access to investors.without any transaction fees.
Users can also create and mint NFTs on the platform.But 0% transaction fees are only available for a limited time.Coinbase One subscription: Gets you access to fee-free trades, 24/7 customer support, and market research.You can sign up for a 30-day free trial, but we’re not clear on the fees Coinbase charges after the subscription ends.Coinbase offers up to 6% interest in staking rewards for individuals who prefer more of a passive approach to building crypto wealth, but its staking selection is quite limited.
The crypto exchange gives more advanced users the option of either setting up a Coinbase Pro account, or a Coinbase Advanced Trade account.
Coinbase Pro includes separate web and mobile platforms, and both platforms offer access to charting tools, trading APIs, and additional order types (e.g., limit orders and stop orders).
With Coinbase Advanced Trade, you’ll get several features Coinbase Pro doesn’t offer.This includes interest rewards (of up to 6%) on multiple cryptocurrencies and additional charting tools and security features.
Read Insider’s Coinbase vs.Coinbase Pro review
Can You Trust Coinbase? Coinbase currently has an F rating from the Better Business Bureau .The main reason for this rating is that Coinbase has failed to respond to over 2,036 complaints, as well as multiple lawsuits against the business.
In 2022, Coinbase agreed to a settlement with the New York State Department of Financial Services after Coinbase had allegedly failed to comply with the New York banking law and DFS regulations.
Coinbase agreed to pay a $50 million penalty.
Coinbase is currently under investigation by the SEC after a lawsuit was filed against the business on June 6, 2023.The lawsuit alleges that Coinbase offered crypto trading on its unregistered national securities exchange, broker, and clearing agency.It also allowed sales on its crypto asset staking-as-a-service program.The CEO of Coinbase has denied these allegations.
Is Crypto.com Right for You? Crypto.com is also a global cryptocurrency exchange.The platform was founded in 2016 in Hong Kong, and it currently serves 80 million users in 90 countries.
Pros Low account minimum More than 250 cryptocurrencies and support for 20+ fiat assets DeFi products include a non-custodial wallet, interest-earning perks, and token swapping Users can earn up to 14.5% interest for staking; Crypto.com Visa Card offers up to 5% cash back at retailers
Cons Lower balances cost more Institutional services are limited compared to Coinbase Who Crypto.com is Best For Crypto.com is best for individuals wanting to invest in a huge selection of cryptocurrencies and NFTs, as well as earn higher staking rewards, use DeFi services, and access token-swapping services.Crypto.com also offers wallet storage and a limited selection of services for institutions.
Ways to Invest With Crypto.com Crypto.com currently offers the same amount of cryptocurrencies as Coinbase (over 250 coins and tokens).It also allows for “true cost” transactions, meaning that — as long as you use a credit/debit card on transactions within the first 30 days of opening your account — you’ll pay 0% in fees.
The exchange currently offers the following products:
Crypto Earn: Like Coinbase’s staking offerings, Crypto Earn gives you the option to generate rewards on different cryptocurrencies.
The platform currently allows this option for more than 40 assets, and you can earn up to 14.5% interest on crypto and up to 10% on stablecoins.Crypto.com NFT: The new NFT platform provides information on all things NFTs, but you can’t buy or sell here.You can also subscribe to the Crypto.com newsletter for upcoming launches of collectibles.D ecentralized finance (DeFi) features: DeFi features include public blockchain transactions that allow for peer-to-peer exchanges by removing third parties like banks and other financial institutions.Its DeFi products — which are best for advanced users — include a DeFi non-custodial wallet, interest-earning perks for more than 35 tokens, and a token-swapping service through its DeFi wallet app.Crypto.com Card: A Visa card that offers up to 5% back on retail purchases.And its other service — Crypto.com Pay — lets you pay with crypto at more than 300 brands and 300,000 shops.
Can You Trust Crypto.com? Crypto.com currently has an F rating from the Better Business Bureau for failing to respond to over 80 filed complaints.
On July 27, 2022, the BBB sent corresponding messages following the concerns from several Crypto.com users alleging they were unable to withdraw funds from their accounts.Crypto.com has not responded to the BBB’s messages as of September 7, 2022.There are no current updates.
August 11, 2023, Glow Token LLC filed a lawsuit against Crypto.com alleging that the businesses breached contract after Glow Token was scammed out of $250,000 by Imposters pretending to be Crypto.com.Although not directly involved in the scam, Glow Token accuses Crypto.com of lacking security protocols and therefore enabling fraud .
Coinbase vs.Crypto.com — Frequently Asked Questions (FAQs) Which crypto platform is best? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
That depends on what you’re looking for.Crypto.com and Coinbase currently offer the same amount of investment selections.But Crypto.com also offers multiple DeFi products for advanced users.
But Coinbase offers more educational resources for beginners, and its institutional services outperform Crypto.com’s.
In addition to staking (Coinbase offers up to 6%), the Coinbase learning rewards feature incentivizes users to learn more about cryptocurrency by offering courses that pay you in crypto rewards.
How much money do you need to use Coinbase? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
You only need a minimum of $2 to get started with Coinbase.Each cryptocurrency minimum will vary based on its current market value.
Is Coinbase legit? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Yes.Coinbase is a legitimate exchange that has been in business for years.It also has Money Transmitter licenses in numerous states ( see more about its licenses here ).Plus, you can also visit the Better Business Bureau to see its rating for Coinbase .
Is Crypto.com legit? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.
Yes.
Crypto.com is a legitimate exchange but has only been in business for a year.
You can visit the Better Business Bureau to see its rating for Crypto.com .Also, the platform has several licenses.In fact, it says it was the first global cryptocurrency exchange to earn a Class 3 Virtual Financial Assets License from the Malta Financial Services Authority (MFSA).
As for its US services, Crypto.com currently serves users in 49 states.
Rickie Houston Senior Wealth-Building Reporter Rickie Houston was a senior wealth-building reporter for Business Insider, tasked with covering brokerage products, investment apps, online advisor services, cryptocurrency exchanges, and other wealth-building financial products.Before Insider, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics.
He’s contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News.He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service.Read more Read less Tessa Campbell Junior Investing Reporter Tessa Campbell is a Junior Investing Reporter for Personal Finance Insider.She reports on investing-related topics like cryptocurrency, the stock market, and retirement savings accounts.She originally joined the PFI team as a Personal Finance Reviews Fellow in 2022.
Her love of books, research, crochet, and coffee enriches her day-to-day life.Read more Read less Check out: Personal Finance Insider’s review of Coinbase..
