Bittrex vs Crypto.com | Best Exchange To Invest In Crypto?
Jack Moreau
Apr 2024
9 min read
Fact checked
Are you unsure which exchange to choose between Bittrex vs Crypto.com? Our in-depth comparison takes a closer look at their respective signup processes, KYC requirements, country availability, trading fees, product offerings and user experience. By the end, you'll have all the information you need to decide if Bittrex, Crypto.com or another exchange make the most sense!
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.
Bittrex and Crypto.com are two quite different cryptocurrency exchanges with different user bases and features.
Bittrex was founded in 2014 with a mission to provide a secure and reliable trading platform. The exchange offers over 400 cryptocurrencies including the usual suspects such as Bitcoin, Ethereum, Cosmos, Solana and Avalanche. While the exchange has been around for a while, it has only managed to gain a userbase of 1 million mainly based in North America and Europe.
Bittrex exchange
Bittrex also offers financial products such as staking and lending, allowing users to generate passive income from their digital assets. Bittrex is also available on Android and IOS where it has half a million downloads with a 4 star rating.
Bittrex app
Moving on, Crypto.com was founded in 2016 by Kris Marszalek and Bobby Bao in Singapore. The exchange offers many more services than Bittrex such as spot trading, futures, staking, lending and much more. Crypto.com is known for its user-friendly interface, competitive trading fees, and attractive promotions.
Crypto.com exchange
Crypto.com supports over 250 cryptocurrencies, including Bitcoin, Ethereum, and its native token CRO. Crypto.com also has a much larger usebase than Bittrex with over 80 million users worldwide. The Crypto.com app has over 10 million downloads on both Android and iOS, with a 4.6 rating based on over 400,000 reviews
Crypto.com app
While Bittrex offers a wider range of cryptocurrencies, that is also really one of the few advantage that it has over Crypto.com. This will be more clear as we keep going through their features.
Bittrex vs Crypto.com Signup & KYC
When it comes to signing up for cryptocurrency exchanges, the process can be a bit vague with different requirements between exchanges.
If we begin with Bittrex, they require KYC verification from all of its users. The somewhat unusual and annoying thing about Bittrex is that the signup process immediately leads to a full KYC verification in order to even access any features.
Bittrex KYC
The signup process itself takes 1 minutes and requires users provide their full name and email. Once this information is submitted, users will be prompted to continue uploading additional documents and information such as address and a government-issued ID. The KYC Verification process can take several days to be completed in some cases.
Similar to Bittrex, Crypto.com also requires KYC for all trading and other features available on its platform. The signup process is swift and takes less than a minute. Users simply need to enter their email and confirm the email verification.
The KYC verification process with Crypto.com requires users to provide their full legal name, a picture of a government-issued ID and some additional personal information. Generally, this process takes less than 5 minutes to complete. In terms of verification times, Crypto.com's verification process typically takes less than ten minutes but can takes several days in some cases.
For users that are interested in buying and selling cryptocurrencies without going through KYC, there are alternative exchanges that we recommend such as OKX and Phemex.
Bittrex vs Crypto.com Products & Services
In terms of product offering, Bittrex does not have too much to show considering they have been in business for 9 years. The exchange offers limited range of products and services, such as spot trading and staking of cryptocurrencies such as Cardano.
Bittrex spot trading
The user experience on Bittrex is pretty uninspiring and basic and the average daily spot trading volume is quite low in the $10 million range. This is quite low considering the number of cryptocurrencies that are available on the exchange. This also indicates that spreads may not be too great on the exchange.
Crypto markets on Bittrex
Crypto.com on the other hand has done a much greater job developing a broad range of products and services that cater to retail users, professional traders and even institutions. To begin, Crypto.com offers over 500 spot trading pairs and over 100 futures, perps, and warrants.
Crypto.com spot & margin trading
They also offer trading bots to help out with basic functionality such as dollar cost averaging and grid trading. Crypto.com also offers products and services more tailored to traders such as futures and perps.
The max futures leverage available on Crypto.com is 20X and margin leverage is up to 3X. The exchange also offers lending, borrowing and staking of digital assets that can be used by anyone who is storing digital assets on the exchange.
Crypto.com earn
The exchange further provides access to it's own marketplace for NFTs and it's own Visa card that let's users buy items in the real world with crypto while earning cashback. For institutional clients, custody solutions and an OTC desk are available.
Crypto.com Visa Card
The user experience on Crypto.com is pretty okay overall with a good variety of products and services. Liquidity on Crypto.com is in the top 20 category with daily spot trading volumes in the range of $100-$300 million.
When it comes to trading fees, both Bittrex and Crypto.com have their own unique fee structures. Let's take a look at them and compare. Bittrex charges a qute steep 0.75% spot maker fee and a 0.75% spot taker fee. Similar to many other exchanges, Bittrex also has a program that offers rebates to those who whose trades exceed $25,000 during a 30-day period.
Bittrex fees
Moving on to Crypto.com, the exchange charges an astonishing 10X lower spot trading fee with 0.075% for makers and takers. While their fees are already low, they can be further lowered if useres meet a certain trade volume or holdings criteria.
If a trader exceeds $250,000 in monthly trade volumes or holds at least 1000 CRO tokens, they can see a reduction in their trading fees. For users that want to make sure that they get more coins and the lowest fees possible, exchange like Crypto.com, OKX and Binance are good places to signup to.
When it comes to deposit methods, Bittrex and Crypto.com offer different options for their users. Bittrex supports three fiat currencies, namely USD, EUR, and GBP and allows fiat deposits via wire transfer, bank transfer (ACH), SEPA, and credit/debit card. Bank deposits are free of charge, while fiat deposits via credit/debit card incur a 3% fee.
On the other hand, Crypto.com only supports USD for deposit via wire transfer and the deposit fee is zero, making it a cheaper option for those who want to deposit USD. Needless to say, this is one area where Bittrex has an advantage over Crypto.com in particular for European users.
If you're looking for a cryptocurrency exchange with a wide range of withdrawal options, Bittrex and Crypto.com are decent choices.
Let's start with Bittrex which offers fiat withdrawals via Wire, ACH, SEPA, and Debit Card. Wire withdrawals will incur a $25 fee while ACH and SEPA withdrawals are free of charge. It's important to note that Bittrex also charges withdrawal fees for cryptocurrencies. Withdrawing Bitcoin comes with a 0.00005 BTC fee while ETH and USDT withdrawals incur a 0.01 ETH and $2.6 USDT fee respectively.
On the other hand, Crypto.com only offers fiat withdrawals for USD via bank transfer. However, the exchange doesn't charge any fees for USD bank withdrawals, which is a great advantage for those looking to withdraw their funds in USD.
Crypto.com also charges a withdrawal fee for cryptocurrencies. You can expect to pay a 0.0001 BTC fee for Bitcoin withdrawals and a 0.04 ETH fee for ETH withdrawals .Overall, both Bittrex and Crypto.com provide decent withdrawal options for fiat currencies.
Bittrex has been around since 2014, offers over 400 cryptocurrencies but unfortunately, it's an exchange that feels stagnant and stuck in time. They offer a very limited range of products and high trading fees.
On the other hand, Crypto.com was founded 2 years after Bittrex but has managed to grow it's userbase 80 times larger. In addition to this, Crypto.com offers 250 cryptocurrencies and many more products and services such as spot, futures, warrants, Visa card, NFT marketplace and more.
One of the most important differences between the two exchanges is the fact that the trading of Crypto.com are 10 times lower than those of Bittrex. Now that is a big difference that most users whether retail or professional traders will take note of.
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.
