Introduction
Welcome to our in-depth guide on the fees associated with two of the most popular cryptocurrency exchanges: Crypto.com and Coinbase. Understanding the cost implications of using these platforms is crucial for making informed decisions about your crypto investments.
In this article, we will thoroughly compare the fees charged by Crypto.com and Coinbase for various transactions, such as trading, withdrawals, and deposits. We will also discuss the factors that influence these fees and provide tips on how to minimize them. So, whether you’re a seasoned crypto investor or just starting out, this guide has got you covered.
Trading Fees
Crypto.com
Crypto.com uses a tiered fee structure based on your 30-day trading volume. The more you trade, the lower your fees will be. The maker fees start at 0.04% and can go down to 0.03% for high-volume traders. The taker fees start at 0.10% and can go down to 0.06% for high-volume traders.
Coinbase
Coinbase has a simpler fee structure. The maker fees are 0.05% and the taker fees are 0.25%. There are no volume discounts available.
Withdrawal Fees
Crypto.com
Crypto.com charges a withdrawal fee for all cryptocurrencies. The fees vary depending on the cryptocurrency and the withdrawal method. For example, withdrawing Bitcoin (BTC) via the Bitcoin network costs 0.0004 BTC, while withdrawing Ether (ETH) via the Ethereum network costs 0.005 ETH.
Coinbase
Coinbase also charges a withdrawal fee for all cryptocurrencies. The fees vary depending on the cryptocurrency and the withdrawal method. For example, withdrawing Bitcoin (BTC) via the Bitcoin network costs 0.0005 BTC, while withdrawing Ether (ETH) via the Ethereum network costs 0.005 ETH.
Deposit Fees
Crypto.com
Crypto.com does not charge any fees for depositing cryptocurrencies. However, there may be fees if you deposit fiat currency via a third-party payment processor.
Coinbase
Coinbase does not charge any fees for depositing cryptocurrencies. However, there is a fee for depositing fiat currency via a third-party payment processor, such as a bank transfer or credit card. The fee is typically 1.49% of the deposit amount.
Other Fees
Crypto.com
Crypto.com charges a few other fees, such as:
- Spread: A spread is the difference between the buy and sell price of a cryptocurrency. Crypto.com’s spread is typically 0.05% to 0.25%.
- Service fee: A service fee is charged on certain transactions, such as buying crypto with a credit card. The service fee is typically 0.50% to 2.99%.
Coinbase
Coinbase charges a few other fees, such as:
- Spread: A spread is the difference between the buy and sell price of a cryptocurrency. Coinbase’s spread is typically 0.50% to 2.00%.
- Margin funding rate: A margin funding rate is charged when you borrow money to trade on Coinbase. The margin funding rate varies depending on the cryptocurrency and the loan amount.
Which Exchange Has Lower Fees?
In general, Crypto.com has lower fees than Coinbase for trading and withdrawals. However, Coinbase has lower fees for deposits and other fees, such as spreads and service fees.
Comparison Table
| Feature | Crypto.com | Coinbase |
|---|---|---|
| Maker fees | 0.04% to 0.03% | 0.05% |
| Taker fees | 0.10% to 0.06% | 0.25% |
| Withdrawal fees | Vary depending on cryptocurrency and withdrawal method | Vary depending on cryptocurrency and withdrawal method |
| Deposit fees | No fees for crypto deposits, fees for fiat deposits | No fees for crypto deposits, fees for fiat deposits |
| Spread | 0.05% to 0.25% | 0.50% to 2.00% |
| Service fee | 0.50% to 2.99% | 1.49% |
Conclusion
Now that you have a better understanding of the fees charged by Crypto.com and Coinbase, you can make an informed decision about which exchange is right for you. If you are a high-volume trader, then Crypto.com may be a better option due to its lower trading fees. If you are looking for an exchange with low fees for deposits and other transactions, then Coinbase may be a better option.
If you would like to learn more about Crypto.com and Coinbase, check out our other articles:
FAQ about Crypto.com Fees vs Coinbase
1. Which exchange has lower trading fees?
Crypto.com generally has lower trading fees than Coinbase, especially for high-volume traders.
2. How much are Crypto.com’s maker and taker fees?
For the majority of major crypto assets, the maker fee on Crypto.com is 0.04%, while the taker fee is 0.1%.
3. What are Coinbase’s maker and taker fees?
Coinbase’s fees vary based on the amount you trade and whether you have Coinbase Pro. For non-Pro users, the maker fee is 0.5% and the taker fee is 1%.
4. Does Crypto.com charge fees for deposits and withdrawals?
No, Crypto.com does not charge fees for fiat currency deposits or withdrawals via bank transfer, debit card, ACH, or Faster Payments (UK). However, fees may apply for cryptocurrency withdrawals and specific third-party payment methods.
5. Does Coinbase charge fees for deposits and withdrawals?
Yes, Coinbase charges fees for both fiat and cryptocurrency withdrawals. The fiat withdrawal fee via ACH is free, but bank transfers incur a fee of $10. Cryptocurrency withdrawal fees vary depending on the asset.
6. Which exchange offers more payment options?
Coinbase offers a wider range of payment options for deposits and withdrawals, including bank transfers, debit/credit cards, PayPal, Apple Pay, and various third-party payment providers.
7. Which exchange has better security features?
Both Crypto.com and Coinbase have robust security features, including SSL encryption, two-factor authentication, and cold storage for user assets. Ultimately, the choice of which exchange is more secure depends on individual preferences and security practices.
8. Which exchange has more coins and tokens available for trading?
Coinbase offers a wider selection of coins and tokens compared to Crypto.com.
9. Which exchange has a better mobile app?
Both Crypto.com and Coinbase have well-regarded mobile apps with user-friendly interfaces. The choice of which app is better is subjective and depends on personal preferences.
10. Which exchange offers more staking and rewards programs?
Crypto.com has a wider range of staking and rewards programs compared to Coinbase, offering opportunities to earn additional rewards on your crypto holdings.
