Blockchain vs Crypto.com | Best Exchange For Beginners?
Jack Moreau
Apr 2024
9 min read
Fact checked
Are you considering Blockchain.com vs Crypto.com for your crypto trading? Our comprehensive comparison of these two exchanges evaluates factors such as ease of use, trading fees, product range, supported cryptocurrencies and much more. Keep reading and and choose the best exchange for you!
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.
Blockchain.com and Crypto.com are both well-established players in the cryptocurrency exchange. They each offer exchange services, wallets and a host of others features. Let's begin by breaking down the basics of these two echanges.
Blockchain.com was founded in 2011 by Peter Smith and Nicolas Cary and is registered and headquartered in London, England.
The exchange and wallet provider is known for its exchange as well as it's non-custodial digital wallet that allows users to store their digital assets in a non-custodial manner.
Blockchain.com exchange
Besides it's exchange and wallet services, Blockchain.com also offers additional products and services such as staking products, a Visa Card that allows users to spend their crypto without fees and earn rewards, and a few others.
On the other hand, Crypto.comwas founded in 2016 by Kris Marszalek and Bobby Bao in Singapore.
The exchange and wallet provider offers a comprehensive platform for trading popular cryptocurrencies such as Bitcoin, Ethereum, as well as Crypto.com Coin (CRO).
Crypto.com exchange
Both exchanges boast impressive user numbers and widespread availability with Blockchain.com having over 30 million users globally and Crypto.com having over 80 million users across countries in North America, Europe, and Asia.
In terms of their cryptocurrency offerings, Blockchain.com supports over 30 cryptocurrencies like Bitcoin, Ethereum, SOL, ADA, DOT, and DOGE, while Crypto.com supports a wider range of over 250 cryptocurrencies.
Blockchain.com Mobile App
Both exchanges have a significant presence on Android and IOS. Blockchain.com has over 10 million downloads with a 4.2 star rating based on 130,000 reviews, while Crypto.com has over 10 million downloads with a stellar 4.6 rating based on over 400,000 reviews.
Crypto.com app
Blockchain.com vs Crypto.com Signup & KYC
Let's continue by discovering how these two exchanges fare in terms of signups and KYC requirements.
Both Blockchain.com and Crypto.com require their users to complete a Know Your Customer (KYC) verification process before they can user their services. However, the signup process and KYC requirements for each platform differ slightly.
On Blockchain.com, signing up takes just 30 seconds and only requires users provide their email, password, and country of residence.
From there, users who want to use the services offered by the platform have to complete the KYC procedure.
Blockchain.com account verification
This involves submitting a government-issued ID and waiting for automated verification, which can take anywhere from 5 minutes to 2 hours.
If there are any issues with the submission, a manual review may be required, which can take up to 5 business days.
Crypto.com in a similar fashion also requires KYC verification for all trading and other features offered on the platform.
However, the signup process is just as swift as Blockchain.com's, taking less than 4-5 minutes to complete, including the KYC process.
Users simply need to provide their full legal name and a picture of a government-issued ID to complete the KYC process.
Once verified, users can access the full range of features offered by Crypto.com, including buying and selling cryptocurrencies, staking, and earning interest on their holdings.
In conclusion, both Blockchain.com and Crypto.com require KYC verification to access their full range of features. For those interested to trade without going through KYC, our recommended exchange includes MEXC.
Blockchain.com vs Crypto.com Products & Services
In terms of products and services, Blockchain.com provides users with a smaller range of products and services mainly tailored to beginners.
One of those services is spot trading and margin trading, which allows users to trade with borrowed funds for potentially higher profits.
Blockchain.com margin trading
The exchange also offers a convenient recurring buys feature, letting users automate their investments and grow their crypto holdings over time. Blockchain.com also caters to institutions with over-the-counter (OTC) spot and options trading.
Blockchain.com trading
In terms of user experience, Blockchain.com has created a clean and beginner-friendly interface that is easy to navigate.
While the companies to main product are the non-custodial defi wallet and a custodial exchange, they also offer a few additional services such as earn and staking, and a Visa card that users can spend their crypto with.
Blockchain.com earn and staking
On the other hand, Crypto.com offers a much wider range of products including 500 spot trading pairs and over 100 futures, perps, and warrants.
Crypto.com spot and margin trading
They also offer trading bots to help out beginners with basic functionality such as dollar cost averaging and grid trading.
Crypto.com Trading Bots
The exchange also offers more beginner-friendly features such as lending and borrowing of digital assets so that users can earn yield on their assets.
Crypto earn on Crypto.com
Crypto.com also offers additional financial products such as their own Visa Card with cashback and NFTs for those that wish to collect digital assets.
Crypto.com Visa Card
For institutional clients that want to conduct large swaps between each other at more preferential rates, Crypto.com offers a dedicated OTC desk that allows for that.
Crypto.com OTC
The user experience on Crypto.com is pretty good overall with a good variety of products and services. The exchange satisfies the needs of both professional traders and more average beginners with spot and futures products.
Crypto.com USPs
In terms of liquidity, Crypto.com is in the top 20 category with daily spot trading volumes in the range of $100-$300 million. The max futures leverage available on Crypto.com is 20X with margin leverage up to 3X.
Crypto.com Perpetual Markets
While Crypto.com offers a more versatile product range for intermediate to advanced users, Blockchain.com has tailored it's experience to make it easy for beginners to buy, sell and earn on their crypto.
When it comes to trading fees, Blockchain.com and Crypto.com offer different deals.
Blockchain.com's spot trading fees start at 0.40% for makers and decrease depending on trading volume, with takers fees starting at 0.45%.
Blockchain.com spot trading fees
However, if you trade over $10,000 during a 30-day period, your maker and taker fee will be lowered by 0.17% and 0.35%, respectively.
On the other hand, Crypto.com's trading fees are quite a bit lower starting at 0.075% for both makers and takers for spot trading, with futures trading fees starting at 0.017% and 0.034%, respectively.
Crypto.com spot trading fees
And just like Blockchain.com, Crypto.com also offers trading fee discounts if your monthly trade volumes exceed $250,000 or if you hold at least 1000 CRO tokens.
Crypto.com Futures Fees
Crypto.com has done a great job pushing down their fees which are now as low as the likes of OKX, Phemex and Binance.
On the other hand, the fee structure of Blockchain.com is closer to exchanges like Coinbase and Gemini.
When it comes to fiat deposits, Blockchain.com and Crypto.com each offer their own unique deposit methods for fiat currencies.
Starting with Blockchain.com, users can deposit funds with USD, EUR, and GBP through bank deposits via open banking, SEPA, FSP, and wire transfer.
The great part is that there are no deposit fees when depositing any of these fiat currencies, making it an enticing option for those looking to avoid extra charges.
On the other hand, Crypto.com only supports USD for deposit via wire transfer. Luckily, there are no deposit fees for wire transfer or USD bank transfer, which can be a relief for users who want to avoid unnecessary charges.
In other words, Blockchain.com has the edge when it comes to deposit fees with a few more fiat currencies supported in addition to a few extra deposit methods.
Let's take a closer look at the withdrawal methods offered by each exchange. Blockchain.com offers fiat withdrawals in USD, EUR, and GBP. Users can withdraw their fiat currency using open banking, SEPA, wire transfer, ACH, or FSP.
Fiat withdrawal fees vary depending on the method, with ACH being free and wire transfers costing $25.
Additionally, Blockchain.com charges a small fee for withdrawing cryptocurrencies, including 0.0025 BTC for Bitcoin, 0.061 ETH for Ethereum, 0.084 SOL for Solana and 5 USDT fee for Tether.
Crypto.com once again only offers fiat withdrawals in USD via bank transfer. While there are zero fees for USD withdrawals, users are charged a small fee for withdrawing cryptocurrencies.
The fees include 0.0001 BTC for Bitcoin, 0.04 ETH for Ethereum, 0.03 SOL for Solana and a 10 USDT fee for USDT withdrawals.
While it's good that both exchanges offer some free fiat withdrawal options, the withdrawal fees applied to cryptocurrencies are on the high end for both Blockchain.com and Crypto.com
While both Blockchain.com and Crypto.com are major players in the cryptocurrency exchange space, they differ quite a bit in their product offering.
While Blockchain.com supports only 30 cryptocurrencies, Crypto.com supports a much wider range of 250 cryptocurrencies. Both exchanges require users to complete a KYC verification process to use their services so no different there.
Blockchain.com provides users with spot trading and margin trading, while Crypto.com offers a much wider range of products including spot, perpetuals, futures, warrents, grid bots and much more.
In terms of trading fees, Crypto.com's trading fees are much lower at 0.075% for makers and takers compared to the 0.4% maker fee of Blockchain.com's.
Blockchain.com however has the edge in terms of offering a wider range of fiat deposit options for USD, EUR and GBP compared to only USD for Crypto.com.
In terms of user experience, Blockchain.com has the clear edge in our opinion. The interface is simple, modern and very easy to understand.
While Blockchain.com offers a much more limited product offering than Crypto.com, the advantage is that beginners can more easily use it's exchange and wallet services to begin buying and selling.
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.
