Swissborg vs Crypto.com | Who Are These Exchanges Suited For?

So Swissborg is down badly in terms of product range, is it able to compete in terms of trading fees? Let's take a closer look!

First up, the fees on Swissborg vary depending on the account status of each user. For exchange fees, they can range from 1% to 0.25% depending on whether the account status is Standard or Genesis.

Meanwhile, Thematics fees range from 2% for standard accounts to 1% for Genesis accounts. While these fees may seem a bit high, it's because they are! 

Now, let's move on to Crypto.com which charges an incredibly competitive spot maker fee of 0.075% and a spot taker fee of 0.075%. For futures trading, the maker fee is 0.017% and the taker fee is 0.034%.

These fees are already lower than Swissborg's, but what's even better is that they can be reduced even further if monthly trade volumes exceed $250,000 or if users hold at least 1000 CRO tokens.

That's a great incentive to keep trading on this platform and potentially save money in the long run.

As for deposits of fiat currencies, Swissborg supports four different fiat currencies including EUR, GBP, CAD, and CHF.

For GBP, users can deposit funds via Faster Payments (FSP) or Swift transfers, while SEPA transfers are available for EUR deposits.

Those who wish to deposit CAD or CHF can do so via Swift transfers. In addition, Swissborg users can deposit funds with Visa or Mastercard.

Deposits made from a bank account are free of charge, while deposits made with cards have a minimum fee of 5 EUR and range between 1.5% to 4.5%.

When it comes to fiat deposits on Crypto.com, only USD is supported for deposit via wire transfer. The good news is that there is no deposit fee for wire transfer or USD bank transfer.

Crypto.com also supports instant purchase with credit/debit card via MoonPay, Banxa, Advacash, and Simplex, but this is much more expensive with credit card fees ranging from 2-5% transaction fees.

For those that are looking for cheap withdrawals, Swissborg will disappoint as they charge a 0.1% execution fee for withdrawing fiat or cryptocurrencies, with a lower limit of 1 EUR and an upper limit of 100 EUR.

For cryptocurrencies, the minimum withdrawal fees are 0.0002 BTC for Bitcoin, 0.0018 ETH for Ethereum, 0.008 SOL for Solana, and 7 USDT for Tether. However, the bigger the amount, the bigger the fee, which can be costly for users.

On the other hand, Crypto.com only offers fiat withdrawals for USD via bank transfer with zero fees for USD bank withdrawals.

For cryptocurrency withdrawals, the fees are 0.0001 BTC for Bitcoin, 0.04 ETH for Ethereum, 0.03 SOL for Solana, and 10 USDT for Tether.

While Crypto.com has lower withdrawal fees for cryptocurrencies, it is not as flexible as Swissborg in terms of fiat withdrawals.

In conclusion, Swissborg is a beginner-friendly exchange that offers a limited range of 50 cryptocurrencies and a modern mobile app. It has strict KYC verification requirements and a more comprehensive signup process.

The product range offered by Swissborg is quite limited and the trading fees are high. The same goes for withdrawals that can reach up to 100 EUR for both fiat and cryptocurrencies.

In comparison, Crypto.com is a much more advanced exchange that offers a wider range of services and an extensive range of 250 cryptocurrencies. It also has a simpler verification process and a quicker signup process.

When it comes to trading fees, Swissborg's fees range between 1-2% while Crypto.com's spot fees begin at 0.075% and can be further reduced through high trade volumes.

Swissborg supports more fiat currencies that can be deposited than Crypto.com but in our opinion, that does not matter as much when the product offering is as limited and the fees as high.

Crypto.com is clearly the better exchange not only for beginners who want to save on fees but of course for more advanced traders looking for a wider range of services and cryptocurrencies.