Gemini vs Crypto.com | What Exchange Is Better & Cheaper?

Gemini is a US-regulated cryptocurrency exchange that offers a focused selection of products and services for users interested in cryptocurrencies.

Despite its limited product offering, it still provides spot trading for 50 large cap cryptocurrencies such as Bitcoin, Ethereum, USDC, USDT and others.

Gemini also has its own stablecoin called Gemini Dollar, which is pegged to the US dollar, and an over-the-counter (OTC) desk for trading large volumes of cryptocurrencies directly with other parties.

The exchange provides a very basic but slick user experience that is suitable for beginners, making it easy to deposit fiat currencies and conduct basic buying and selling of cryptocurrencies.

Compared to Gemini, Crypto.com has established itself as one of the largest and most popular cryptocurrency exchanges globally by focusing on aggressive marketing efforts.

The exchange's success can also be attributed to its diverse range of products and services designed to cater to a broad user base.

One of Crypto.com's primary offerings is spot trading that lets users to easily buy and sell more than 290 of the most well-known cryptocurrencies.

For those looking to engage in more advanced trading strategies, Crypto.com also provides margin trading capabilities.

This feature permits users to go long (betting on price increases) or short (betting on price decreases) on a variety of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) with leverage of up to 5X.

Furthermore, Crypto.com has expanded its product lineup to include derivatives trading, which is geared towards experienced traders.

Users can access over 100 perpetuals and quarterly futures contracts with leverage of up to 20X, allowing for more complex trading strategies.

For users interested in automated trading, Crypto.com offers three types of trading bots: grid, DCA (Dollar-Cost Averaging), and TWAP (Time-Weighted Average Price).

While Crypto.com offers a wide array of trading options, its trading volumes are not among the highest ranking in the top 30 with 24-hour spot and derivatives volumes of $1 billion each.

In addition to trading, Crypto.com provides financial products such as earning interest and staking services. Users can earn interest on more than 20 digital assets, including popular ones like BTC, ETH, ADA, DOT, SOL, ATOM, and USDT.

However, the interest rates offered by Crypto.com are not as competitive as those on other platforms and similarly, staking rewards are more lucrative when done directly on the native blockchain of the respective cryptocurrency.

For those who prefer to spend their cryptocurrencies rather than saving or staking them, Crypto.com offers a Visa Card that allows users to earn up to 10% cashback on real-world purchases.

Crypto.com also dives into the world of NFTs and digital collectibles, offering a vast selection of collections including popular ones like bored apes and pudgy penguins.

These digital treasures are hosted on various blockchains, including Ethereum, Polygon, Solana, and Cronos Chain.

To meet the needs of users who prioritize self-custody and control over their own assets, Crypto.com has developed its own non-custodial wallet.

This wallet allows users to securely store, trade, and earn interest on their cryptocurrencies without relying on a third party. The wallet is available as a desktop application and a browser extension.

For high-net-worth individuals and institutional clients, Crypto.com has a dedicated OTC (Over-the-Counter) section where they can place orders ranging from a minimum of $50,000 to a maximum of $5,000,000 at competitive rates.