Bitmart vs Crypto.com | Who Offers Best Trading & Lowest Fees?
Jack Moreau
Apr 2024
9 min read
Fact checked
Crypto.com vs Bitmart are two well-known cryptocurrency exchanges in the market. In this comparison, we'll analyze each platform's key features, fees, security, payment options, and other factors that could impact your trading experience. Our aim is to help you choose the best exchange for your needs!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Bitmart offers diversified product range which includes spot trading, futures contracts, margin trading, over-the-counter trading and more.
Bitmart exchange
Bitmart has over 9 million users and supports over 750 cryptocurrencies which is a broad range beyond what most exchanges can offer.
Bitmart is also available on Android and IOS and their app have been downloaded over 1 million times, and has a 3.5 rating based on 40,000 reviews.
Bitmart app
Crypto.com was founded in 2016 by Kris Marszalek and Bobby Bao in Singapore. The company has over 4000 employees and is available in 180 countries including the United States, Canada and the United Kingdom.
The Crypto.com exchange offers a comprehensive platform providing a range of services, including spot and margin trading, staking, lending, wallet services, and much more.
Crypto.com exchange
The platform is known for its user-friendly interface, competitive trading fees, and attractive promotions.
Crypto.com also offers the Crypto.com Visa Card, which allows users to spend their crypto holdings and earn rewards. It has an impressive 80 million users with a footprint spanning North America, Europe, and Asia.
Crypto.com app
The Crypto.com app has been downloaded over 10 million times and has a 4.6 rating rating based on over 400,000 reviews.
Irrespective if users use the Crypto.com exchange on browser or via an app, they have access to buy and sell a solid range of 250 cryptocurrencies.
Bitmart vs Crypto.com Signup & KYC
Bitmart and Crypto.com both exchanges require KYC verification for certain services but have different signup processes and verification times.
Signing up for Bitmart is easy and only requires an email and password. However, to gain full access to spot and futures trading, KYC verification is required.
Once the account has been opened, to complete KYC, users must provide additional information about country of residence, address and upload ID verification with a valid government ID.
This information will then be processed and hopefully verified by Bitstamp within one business day.
Bitmart signup
On the other hand, creating an account on Crypto.com takes only a few seconds by providing an email and password.
Crypto.com Signup Process
Similar to Bitstamp, KYC verification is required for all services offered on Crypto.com. The verification process requires users to provide their full legal name and a picture of a government-issued ID.
For users that would prefer to buy and sell cryptocurrencies without going through KYC, we recommend signing up to MEXC.
Bitmart vs Crypto.com Products & Services
Bitmart and Crypto.com both offer a range of products and services to cater to the needs of both beginner and professional traders.
Bitmart offers spot trading for over 700 cryptocurrencies, futures trading, margin trading, earn interest, staking, NFTs, and its own launchpad.
Bitmart spot trading
The average daily spot trading volume on Bitmart is over $550 million, and users can take up to 125X leverage in both cross and isolated positions, with 5X margin leverage.
Bitmart Cryptocurrency Markets
The user experience on Bitmart is quite good, with a range of products and services without overwhelming the user. Beginners also have access to easy ways of earning yield on their digital assets via lending or staking.
Staking on Bitmart
Bitmart has also similar to many other exchanges today entered the NFT game with their own NFT marketplace where users can discover, buy, sell and trade NFTs.
Bitmart NFTs
On the other hand, Crypto.com has risen to prominence as one of the largest and most popular cryptocurrency exchanges in the world.
Crypto.com USPs
Central to Crypto.com's appeal is its spot trading platform where users can buy and sell a comprehensive range of over 290 well-known cryptocurrencies.
Crypto.com spot trading
For traders seeking to leverage their positions, Crypto.com offers margin trading in order to long or short a selection of over 100 cryptocurrencies with up to 5X leverage.
Crypto.com has also expanded its offerings to cater to more advanced traders with an interest in derivatives.
Crypto.com Crypto Markets
The platform now includes over 100 perpetual and quarterly futures contracts, with the option of leveraging up to 20X.
For those who prefer automated trading, Crypto.com presents a selection of three trading bots including grid, DCA (Dollar-Cost Averaging), and TWAP (Time-Weighted Average Price).
Crypto.com Trading Bots
These bots are designed to simplify the trading process and are particularly useful for beginners or those who prefer a more hands-off approach to trading.
While Crypto.com's trading volumes are not the highest in the industry, they still maintain a top 30 ranking with 24-hour spot and derivatives volumes of $1 billion respectively.
In addition to trading, Crypto.com offers financial products such as earning and staking opportunities. Users can earn interest on over 20 digital assets, including popular choices like BTC, ETH, ADA, DOT, SOL, ATOM, and USDT. H
Crypto.com Earn
Regarding staking rewards, users will find much better returns by staking their assets directly on the blockchain rather than through Crypto.com's offerings.
Crypto.com Staking Rewards
For those who prefer to use their cryptocurrencies in everyday transactions, Crypto.com also provides a Visa Card that offers up to 10% cashback on real-world payments.
Crypto.com Visa Card
This feature bridges the gap between digital and traditional finance, making it easier for users to integrate crypto into their daily lives.
Crypto.com also caters to the growing interest in NFTs and digital collectibles by hosting hundreds of collections, including popular ones like Bored Apes and Pudgy Penguins, on various blockchains such as Ethereum, Polygon, Solana, and Cronos Chain.
Crypto.com NFTs
Further enhancing user self-custody, Crypto.com has developed its own non-custodial wallet that is available as a desktop wallet, a browser extension, and a mobile app.
Crypto.com Web 3 Wallet
With the Crypto.com wallet, users can store, trade, and earn on their cryptocurrencies in a secure, non-custodial manner.
And for high-net-worth individuals and institutional clients, Crypto.com offers an OTC (Over-The-Counter) section that caters to large-scale trades, with minimum orders of $50,000 and maximum orders of $5,000,000.
When it comes to trading fees, Bitmart and Crypto.com both offer some competitive rates.
Bitmart charges a spot maker and taker fee of 0.1% with rebates available for those that trade for over 150 BTC per month or whose BMX holdings exceeds 500.
Bitmart spot fees
Meanwhile, Crypto.com offers a slightly lower maker and taker fee of 0.075% for spot trading, and 0.017% and 0.034% respectively for futures trading.
Crypto.com spot trading fees
But wait, there's more! Crypto.com also offers a fee reduction for holding their native token, CRO, as well as for reaching monthly trade volumes exceeding $250,000.
Crypto.com futures fees
So, which one should you choose? Actually, both Bitmart and Crypto.com offer very competitive fees for both spot and futures trading. With such a close tie in regards to trading fees, we need to look at more variables!
When it comes to depositing fiat currencies, Bitmart and Crypto.com offer different options for their users.
Bitmart supports 42 fiat currencies, including USD, EUR, CAD, and AUD, but unfortunately, bank deposits are not available.
Instead, users can make fiat deposits through Moonpay, which charges a 3.5% fee, or Simplex, which charges a higher 5% fee.
Bitmart buy and sell crypto
On the other hand, Crypto.com only supports USD and EUR in terms of fiat currencies and deposits are available only via wire transfer and SEPA deposits. There's no deposit fee for wire transfer or USD bank transfer.
What's more, Crypto.com also offers instant purchases with credit/debit card through MoonPay, Banxa, Advacash, and Simplex. But, the credit card fees are quite expensive, ranging from 2-5% transaction fee.
When it comes to withdrawing funds from an exchange, Bitmart does not offer fiat withdrawals.
However, users can withdraw cryptocurrencies such as Bitcoin and Ethereum with a withdrawal fee of 0.0005 BTC and 0.0026 ETH, respectively.
The withdrawal fee for Solana is quite high at 0.05 SOL while Tether USD comes with a 5.4 USDT withdrawal feel. Some of the withdrawal fees on Bitmart are on the higher end.
Crypto.com does offers fiat withdrawals but USD and EUR via bank transfer and zero fees. While Crypto.com is quite limited by only supporting US dollars and no other fiat currencies, at least they provide free deposit and withdrawal options.
In terms of the fees associated with crypto withdrawals, Crypto.com charges a withdrawal fee for Bitcoin that is 0.0001 BTC and a 0.04 ETH withdrawal fee for Ethereum withdrawals.
Solana withdrawals come with a 0.03 SOL fee while it is 10 USDT for USDT withdrawals. These withdrawal feels are also on the higher end compared to the market average.
Bitmart was founded in 2017 and has over 9 million users, available in 180 countries and supports over 750 cryptocurrencies.
Meanwhile, Crypto.com was founded in 2016 and has nearly 10 times the user base (80M) that Bitmart has but with three times less supported currencies (250).
Both exchanges offer a range of products and services to meet the needs of cryptocurrency traders.
Bitmart offers spot trading, futures trading, margin trading, earn interest, staking, NFTs, and its own launchpad, while Crypto.com offers 500 spot trading pairs and over 100 futures, perps, and warrants.
When it comes to trading fees, both exchanges offer competitive rates. Bitmart charges a spot maker and taker fee of 0.1%, and the same for futures trading as well.
Meanwhile, Crypto.com offers a slightly lower maker and taker fee of 0.075% for spot trading, and 0.017% and 0.034% respectively for futures trading.
Both exchanges also offer ways to lower their trading fees even further. Bitmart allows users to lower their fees by holding their native token, BMX, while Crypto.com offers a fee reduction for holding their native token, CRO.
For those holding USD, they are able to deposit and withdraw them from Crypot.com for free while no fiat deposits or withdrawals are available on Bitmart.
One of the big downsides of Bitmart is that users can not deposit fiat currencies on the exchange. Instead, the alternative is to buy cryptocurrencies via third-party providers with high fees.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
