We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. Read our advertiser disclosure for more info. Crypto.com and Coinbase are two trusted cryptocurrency exchanges offering a native coin. Both exchanges let users buy, sell, or trade cryptocurrency. Plus, they ensure top-notch security and provide a digital wallet. Coinbase’s USD coin (USDC) is a U.S. dollar-stable coin, meaning 1 USDC equals $1. By comparison, Crypto.com provides a Crypto.com coin (CRO) which fluctuates in value. Users can earn rewards for staking it too. Although both platforms are popular, but Crypto.com is cheaper for most users. Both use a maker-taker fee structure. Crypto.com is cheaper for low volume takers which is what most users will fall into. However, at some points in the fee schedule Coinbase comes out cheaper depending on your trading volume. If you purchase crypto from the company, fixed fees will apply instead of maker-taker trading fees. Crypto.com delivers generous rewards with ways to earn crypto and interest on deposits. However, Coinbase stands out for its ease of use and educational opportunities to earn crypto. We evaluated both exchanges on supported currencies, fees, special features, and security. Moreover, we looked at how access levels differ between investors in various U.S. locations. Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Pros Non-custodial, DeFi Wallet available Added benefits for staking CRO Multiple ways to earn crypto or interest Cons Customer service isn’t responsive Somewhat limited educational resources Pros Make transactions using PayPal Earn crypto by learning about trading User-friendly, even for beginners Cons For the average user, some of the highest fees of all exchanges Fewer tradable altcoins than Crypto.com Crypto.com vs. Coinbase Crypto.com vs. Coinbase At a Glance Features Currencies Security Fees Ease of Use Access Final Verdict Frequently Asked Questions What Are Crypto.com and Coinbase? How Do Crypto.com and Coinbase Work? Are Crypto.com and Coinbase Safe? Who Should Use Crypto.com vs. Coinbase? Methodology Both cryptocurrency exchanges provide a mobile app that works on Android and iOS devices along with a digital wallet. However, the platforms differ in their offerings. While Coinbase focuses on beginner education, Crypto.com, which started as a crypto payment platform, offers several products, such as Visa cards, crypto pay at checkout, and several ways to earn crypto. Coinbase investors appreciate a massive library of information about trading cryptocurrency. By taking a course or viewing a lesson about various altcoins, users earn a bit of cryptocurrency, usually $3 or more at a time. The Coinbase Card is a Visa debit card available to Coinbase users and earns rewards on every purchase. Plus, Coinbase has a native coin, USD Coin (USDC). Users can hold onto USDC to earn a 0.15% annual percentage yield (APY). Unlike Coinbase, Crypto.com offers very limited educational materials. Its knowledge base covers the basics of the platform. There is also various categories of articles and a handful of lessons in the "university" section. Instead, it concentrates on products: Crypto.com supports 250+ cryptocurrencies, whereas Coinbase has 200+ tradable cryptocurrencies. Both support popular fiat currencies, including USD, EUR, and GBP, as well as coin fractions. Crypto.com has 21 fiat supported currencies and Coinbase is no longer sharing their complete list. Both platforms have restrictions by state for certain currencies, however both support Dogecoin (DOGE), along with other favorite altcoins. Coinbase and Crypto.com are highly secure platforms offering industry-standard measures required for operation in the United States. Both exchanges provide two-factor (2F) authentication, Federal Deposit Insurance Corporation (FDIC) insurance on USD balances, and insurance against damage or theft. They also use a bug bounty platform to find weaknesses. Coinbase keeps 98% of cryptocurrency in cold storage, whereas Crypto.com says it stores 100% in cold storage. Each platform features a digital wallet with excellent security features, including multi-factor authentication and address whitelisting. Whitelisting is sometimes mandatory on the Crypto.com wallet and always optional on Coinbase. The Crypto.com wallet provides private keys that are encrypted locally on the user’s device. With Coinbase, the trading account does not allow you to manage your private keys, but the stand-alone wallet does let you manage them and have them on your device. The biggest difference between the platforms comes down to cost. Crypto.com keeps it simple using the maker-taker model, with rates ranging from 0.04% to 0.40% for maker fees and 0.10% to 0.40% for taker fees. Investors pay additional fees for using credit cards. Coinbase charges maker fees ranging from 0.00% to 0.40% and taker fees ranging from 0.05% to 0.60%.This makes Crypto.com cheaper for most customers who will fall into the category of the highest taker fee. For example, a low-volume trader wanting to purchase $100 worth of Bitcoin (BTC) via an Automated Clearing House Network (ACH) transfer incurs a maker-taker fee of 0.40% on Crypto.com. Coinbase charges maker-taker fees of 0.40% and 0.60%, respectively, on the same transaction. Maker-taker fees for Crypto.com differ according to your 30-day trading volume: In comparison, Coinbase charges rates that are a bit higher: Both platforms offer web- or app-based trading. Although the mobile apps and browser tools are intuitive and easy to use, the exchanges look different. Coinbase takes a simple approach, making it easy to navigate the website or figure out your next steps. In contrast, Crypto.com provides several products, and the website can be overwhelming at first glance. Beginners new to trading may feel more comfortable using Coinbase until they understand the terminology and types of transactions supported. Coinbase is available in more than 100 countries including the U.S., Canada, Singapore, and 39 European countries. However, residents of Hawaii can’t use Coinbase. Although New York investors can’t use Crypto.com, Hawaii residents can. Moreover, it’s available to residents in over 100 countries, including the U.S., Australia, Singapore, Canada, and the U.K. Ease of use, low fees, and a nice selection of coins make up some of the best cryptocurrency exchanges. Although Crypto.com has a slight learning curve, the website and app are user-friendly and easy to navigate. Additionally, the costs are lower than Coinbase for the fee tier that most people will fall into, and there’s a broader range of currencies. Adding in multiple products, such as crypto payment for purchase options, and Crypto.com earns the top spot over Coinbase. Crypto.com and Coinbase are crypto exchange platforms that let investors buy and sell popular and lesser-known cryptocurrencies. Users can keep funds in their online account or transfer them to their account using various methods, such as a credit card, wire transfer, or ACH withdrawal. Both are excellent options for people wanting to invest in cryptocurrency or earn small amounts of crypto in exchange for using or learning on the platform. Crypto.com and Coinbase use similar verification methods once users sign up for an account. Once the account is verified, investors can deposit money via ACH, wire transfer, PayPal, or a credit or debit card. To trade on Crypto.com, navigate to the Markets page, choose your coin and click Trade. On Coinbase, simply click Get Started to see a list of crypto assets. Both platforms require investors to decide how much to purchase and show fees before the trade is finalized. Regardless of the exchange used, to get the most out of crypto trading, it’s essential to learn the basics of investing, find the cheapest ways to deposit funds (usually ACH), and decide what security measures you want to take. Yes, Crypto.com and Coinbase are safe and use security measures that are industry-standard or above for U.S.-based residents. Although Crypto.com is based in Singapore, where some rules may be different, it prioritizes security equally to Coinbase. Both exchanges are well known in the space and employ bug bounty hunters to root out potential security issues. First-time traders who don’t understand the terminology and process may prefer the simplicity of Coinbase along with the educational materials provided. It’s an excellent starter platform, and once investors are familiar with trading, the Coinbase Pro app is a free upgrade and offers cheaper fees. However, if you have a basic understanding of cryptocurrency and want to stake CRO, you can take advantage of many benefits on Crypto.com. The more an investor stakes, the more they earn. Even without staking CRO, it’s less expensive to trade on Crypto.com for most users. Furthermore, you’ll have access to several Visa cards and gift cards that you can use to earn and spend crypto. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions. We are committed to providing our readers with unbiased reviews of the top cryptocurrency exchanges for investors of all levels. We reviewed Coinbase and Coinbase Pro by looking at the breadth of features, such as the trade types, purchase and withdrawal options, and supported currencies. Moreover, we assessed the overall ease of use in a web browser and on mobile apps. We also considered the fee structure and security levels for both account types and the Coinbase Wallet. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Coinbase. "How to Earn Crypto Rewards." Crypto.com. "Earn Up to 14.5% on Your Crypto." Related ArticlesCrypto.com
Coinbase
At a Glance
Crypto.com Coinbase Fees 0.04% to 0.4% maker fees, 0.1% to 0.4% taker fees, plus 2.99% for credit card purchases Up to 0.60% maker-taker fee per trade. Currencies 250+ 200+ Security Two-step verification, FDIC-insured USD balances up to $250,000, platform insurance against theft, cold storage, and uses a bug bounty program Two-step verification, FDIC-insured USD balances up to $250,000, platform insurance against theft, cold storage, and uses a bug bounty program Wallet Multi-factor authentication, biometric, private keys locally encrypted AES-256 encryption and multi-signature wallets Transactions Supported Buy, sell, send, receive, withdraw, and exchange Buy, sell, send, receive, withdraw, and exchange Max. Monthly Trading Amount Monthly withdrawal limit of 500,000 USD $500,000 withdrawal limit in any currency Crypto.com vs. Coinbase: Features
Crypto.com vs. Coinbase: Currencies
Crypto.com vs. Coinbase: Security
Crypto.com vs. Coinbase: Fees
Crypto.com Coinbase Wallet Conversion Fee Free 1% Debit/Credit Cards 2.99% N/A ACH Transfer Free, with a minimum of $20 Free Wire Transfer Free, with a minimum of $1,000 $10 deposit, $25 withdrawal Trades Maker-taker model based on 30-day trading volume Maker-taker model Crypto.com vs. Coinbase: Ease of Use
Crypto.com vs. Coinbase: Access
Final Verdict
Frequently Asked Questions
What Are Crypto.com and Coinbase?
How Do Crypto.com and Coinbase Work?
Are Crypto.com and Coinbase Safe?
Who Should Use Crypto.com vs. Coinbase?
Methodology
:max_bytes(150000):strip_icc()/Crypto.com-ecd8d24a98274dd2a07235aa53ddf124.jpg "Crypto.com vs. Coinbase: Which Should You Choose? (1)")
:max_bytes(150000):strip_icc()/Coinbase_Wordmark-719a982e55e945fc93a3b1770b6a9aa9.jpg "Crypto.com vs. Coinbase: Which Should You Choose? (3)")
FAQs
Should I use crypto com or Coinbase? ›
Coinbase charges maker fees ranging from 0.00% to 0.40% and taker fees ranging from 0.05% to 0.60%. This makes Crypto.com cheaper for most customers who will fall into the category of the highest taker fee.
Is it better to buy on Crypto com or Coinbase pro? ›Both platforms allow investors to earn interest on certain cryptos; however, Coinbase's interest-earning options are more limited than Crypto.com's. Coinbase customers can stake a handful of cryptos (earn interest by tying them up) while Crypto.com customers can earn interest on over 40 different coins and tokens.
Is there anything better than Coinbase? ›With Coinbase being an institutional platform, some alternatives to Coinbase in that regard are Bitstamp, Kraken, eToro, Gemini, and Binance. Kraken charges much lower fees than Coinbase and is more secure, hence much better than Coinbase.
What is the most accurate crypto site? ›- WalletInvestor. WalletInvestor is another popular website for those investing in cryptocurrencies. ...
- Finder.com. ...
- Tradingbeasts. ...
- Fxstreet.
However, with Coinbase, you'll pay a higher fee for this convenience. Crypto.com, on the other hand, may have lower fees (depending on how you purchase your crypto), but you won't be able to trade one cryptocurrency for another.
Can I move my crypto from Coinbase to crypto com? ›Open the Coinbase app and click on the transfer button. Click on the "Send crypto to another wallet" option. Enter the amount of tokens or coins that you wish to send to your Crypto.com address. Enter the copied wallet address from Crypto.com and email, then click on the Send option.
How do I avoid Coinbase withdrawal fees? ›Withdraw in another cryptocurrency
Bitcoin has the most expensive transfer fees on Coinbase. One way to reduce transfer fees is to exchange Bitcoin to another cryptocurrency such as Litecoin or Bitcoin Cash.
- Coinbase Wallet - Best for Beginners.
- MetaMask - Best for Ethereum.
- TrustWallet - Best for Mobile.
- Ledger Nano S Plus - Best Crypto Hardware Wallet.
- Electrum - Best Desktop Bitcoin Wallet.
- BlueWallet - Best Mobile Bitcoin Wallet.
- Exodus - Best for Desktop.
Yes, Crypto.com does report crypto activity to the IRS. As mentioned above, US users who earn $600 or more in rewards from Crypto.com from Staking, Earn, Referrals, or certain other activities will receive a 1099-MISC tax form and the same form will be sent to the IRS.
What wallet is better than Coinbase? ›The Exodus Wallet is safer than the Coinbase web wallet because the user holds their private keys and maintains complete control over their assets. On the other hand, Coinbase's wallet is a custodial wallet, and they manage your private keys.
What is the most popular crypto platform? ›
Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently purchase Bitcoin, Ethereum, and Litecoin and 30+ other coins and tokens on the platform.
Which crypto exchange is best for beginners? ›Thanks to its simple, easy-to-use interface, we found Gemini to be the best crypto exchange for beginners.
Who gives the best crypto advice? ›The best crypto analysts are Anthony Pompliano and Alessio Rastani. Anthony is one of the most popular and iconic crypto analysts. Alessio is the Chief Executive Officer at the Leadingtrader and a crypto analyst.
What is the number 1 crypto exchange? ›- Best Mobile App: Crypto.com.
- Best for Security: Gemini.
- Best for Altcoins: BitMart Exchange.
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
| Transaction | Fee |
|---|---|
| Top up Visa debit card balance | Depends on country and top up form. 1% for debit card top ups in U.K. and E.U. (Free in U.S.) 2.99% to top up using credit card in U.S. |
| Crypto deposit fees | Free |
| Crypto withdrawal fees | Depends on currency |
| Fiat withdrawal fee | 25 USDC |
Crypto.com has a maker fee of 0.04-0.20%, and taker fees of 0.10-0.20%.
How do you cash out on crypto? ›- Open the Crypto.com App and go to "Accounts"
- Open your Crypto Wallet.
- Press the "Transfer" button.
- Press "Withdrawal"
- Select "External wallet"
- Locate and select the whitelisted wallet address.
- Enter your passcode or confirm using biometric ID.
You can still buy, sell, and trade within Coinbase. However, you will need to wait until any existing Coinbase Pro account holds or restrictions have expired before you can withdraw funds to your bank account. Withdrawal-based limit holds typically expire at 4 pm PST on the date listed.
Why can't I cash out on Coinbase? ›It's directly related to purchasing crypto or adding cash in local currency using a linked bank account. For security reasons, you won't be able to immediately cash out your local currency using a linked bank account or send crypto purchased with such funds off of Coinbase (we call this “cashout availability”).
Should I move my crypto to Coinbase wallet? ›Keeping your Bitcoin in a Coinbase wallet is much more secure, as only you have the private key. In contrast, if you keep your Bitcoin on Coinbase, you'll be trusting the exchange itself to hold your funds in a custodial fashion, just like you would trust a bank to hold your money.
Why did Coinbase charge me 30 dollars? ›
Coinbase provides a service similar to Paypal. People use it to send and receive money. You are seeing a charge on your statement because someone connected your bank account on our website and used it to purchase bitcoin (a digital currency).
Why is Coinbase wallet fee so high? ›Why are Coinbase Wallet Miner Fees so High? The main reason bitcoin mining fees are high is supply and demand. The bitcoin block size is 1MB, meaning that miners can only confirm 1MB of transactions per block (one block every ten minutes).
How much does Coinbase charge to cash out? ›Are there fees or minimums? The fee is 1.5% of the transaction amount for anything up to $10K. Anything over $10K is a flat fee of $150. The minimum cash out amount must be greater than the fee of $1.00.
Which is the safest crypto wallet? ›- Coinbase Wallet. Best for beginners. See at Coinbase.
- Trezor Model T. Best security features. $255 at Trezor.
- Ledger Nano X. Good balance between accessibility and security. $149 at Ledger.
- Exodus. Best for desktop users. See at Exodus.
- Mycelium. Best for mobile users.
- Best for Beginners: Exodus.
- Best for Advanced Bitcoin Users: Electrum.
- Best for Mobile Users: Mycelium.
- Best Hardware Wallet: Ledger Nano X.
- Best for Security: Trezor Model T.
Key features to consider when choosing a crypto wallet include security, portability, user-friendly interface, multi-currency support and reputation of the wallet provider.
How do I withdraw crypto without paying taxes? ›Can You Cash Out Bitcoins Tax-free in the U.S.? Some people can cash out Bitcoins tax-free in the U.S. Investors who do not exceed a $78,570 income can cash out at a 0% capital gains tax rate. You can also avoid taxes by investing Bitcoin in strategic investment accounts or modifying your citizenship.
How do I avoid crypto taxes? ›- Hold on.
- Take advantage of tax-free thresholds.
- Offset gains with losses.
- Invest crypto into an IRA, pension or annuities fund.
- Use the annual gift tax exclusion.
- Change your tax rate.
- Donate to charity.
- Offload crypto assets to your spouse.
Long-term capital gains tax for crypto
While these types of gains aren't taxed as ordinary income, you still use your taxable income to determine the long-term capital gains bracket you're in. Depending on your income and filing status, you'll generally either pay 0%, 15% or 20% on your long-term gains.
Coinbase takes extensive security measures to ensure your account and cryptocurrency investment remains as safe as possible, but ultimately, security is a shared responsibility.
Why Coinbase is the best? ›
Coinbase offers a secure way to invest and trade with cryptocurrencies. Coinbase supports dozens of currencies, including Bitcoin and Ethereum. The main Coinbase platform features a beginner-friendly interface. Any Coinbase user can access low fees and more features through Coinbase Pro.
Who has lower fees than Coinbase? ›Gemini has lower transaction fees than Coinbase, but it's not a big difference, and the exchanges have similar fee structures. If you stick to their most affordable trading options, you can expect to pay 0.40% or less on Gemini and 0.60% or less on Coinbase.
Is Binance or Coinbase better? ›Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading. Both exchanges provide mobile apps with varying functionalities.
Should I use Robinhood or Coinbase? ›Coinbase offers far more advanced features for cryptocurrency investors than Robinhood. For instance, it offers a staking program that lets you earn rewards. You can expect a staking yield of around 3.28% APY for Ethereum and 4% for Solana on Coinbase.
Who is Coinbase rival? ›Coinbase's competitors and similar companies include Robinhood, Blockchain, Binance, Bittrex and Bitfinex.
Which crypto site has lowest fees? ›- Comparison Table of Top Crypto Exchanges.
- #1) Pionex.
- #2) Bitstamp.
- #3) NAGA.
- #4) CoinSmart.
- #5) Crypto.com.
- #6) Binance.
- #7) Bybit.
Best for Low Costs Coinbase Wallet
Unlike the popular Coinbase.com app, Coinbase Wallet stands out for having some of the lowest fees in the cryptocurrency wallet ecosystem, making it an attractive choice for active Web3 users.
Here are the top five cryptocurrencies with potential as long-term investments: Bitcoin (BTC) Ethereum (ETH) Cardano (ADA)
Which crypto exchange has the best rewards? ›- KuCoin - Up to $500. You can open a KuCoin account and get up to $500 in USDT when you open an new account as as new customer. ...
- BlockFi - Up to $250.
- Nexo - $100. ...
- Binance - Up To $40. ...
- Bitbuy - $20. ...
- Gemini - $10.
- eToro - $10.
- Coinbase - $10.
According to the Bloomberg Billionaire Index, Changpeng Zhao—founder of cryptocurrency exchange Binance—is estimated to be worth $96 billion, making him the richest person in cryptocurrencies.
Will Shiba Inu coin reach 50 cents? ›
The forecast of the price of the SHIB cryptocurrency with respect to the goal of 50 cents on the dollar is clear: it is a value that this token it won't reach in 2022, and unless the math changes, it won't do it in the following years either. In fact, Shiba Inu (SHIB) will most likely never be worth $0.50 or 50 cents.
Will Shiba Inu coin reach $1? ›If Shiba Inu were ever to reach $1 per token, this would mean that the cryptocurrency network's entire market value would be a whopping $549 trillion. That's more than the amount of total global wealth, as estimated by consulting firm McKinsey & Co. Clearly, this aspirational price target is all but impossible.
Which crypto exchange is Best in usa? ›Coinbase
Coinbase is the most popular and successful cryptocurrency exchange based in the United States, and offers an extremely user-friendly UI and trading experience. Founded in 2014 and based in San Francisco, Coinbase is a great choice for both new traders and professional investors.
Use Robinhood or Trade Bitcoin Stocks to Trade Crypto Commission-free: You can essentially still trade crypto without commission by using Robinhood to trade crypto or by trading Grayscale trusts (like GBTC) or Bitcoin ETFs (like BITO) with some brokers (some brokers charge fees, others don't; check with your's).
› ... › Cryptocurrency ›7 Best Cryptocurrency Exchanges
10 Best Cryptocurrency Exchanges Of November 2022
Top 10 Best Crypto Exchanges With Low Fees [2022 Ranking]
Price differences exist because markets are not truly efficient, meaning the price of a digital asset varies slightly across markets due to the different fees that crypto exchanges charge investors, as well as the varying levels of trade volume and liquidity on any given exchange.
Which crypto wallet is best? ›- Coinbase Wallet - Best for Beginners.
- MetaMask - Best for Ethereum.
- TrustWallet - Best for Mobile.
- Ledger Nano S Plus - Best Crypto Hardware Wallet.
- Electrum - Best Desktop Bitcoin Wallet.
- BlueWallet - Best Mobile Bitcoin Wallet.
- Exodus - Best for Desktop.
| Transaction | Fee |
|---|---|
| Top up Visa debit card balance | Depends on country and top up form. 1% for debit card top ups in U.K. and E.U. (Free in U.S.) 2.99% to top up using credit card in U.S. |
| Crypto deposit fees | Free |
| Crypto withdrawal fees | Depends on currency |
| Fiat withdrawal fee | 25 USDC |
Yes, Crypto.com does report crypto activity to the IRS. As mentioned above, US users who earn $600 or more in rewards from Crypto.com from Staking, Earn, Referrals, or certain other activities will receive a 1099-MISC tax form and the same form will be sent to the IRS.
Is Crypto COM in trouble? ›Red flag #2: Crypto.com slashing headcount
Lay-offs are an obvious sign of corporate trouble. By June 2022, Crypto.com had laid off as many as 2,000 employees from its 2021 peak, according to Ad Age.
How do I avoid Coinbase withdrawal fees? ›
Withdraw in another cryptocurrency
Bitcoin has the most expensive transfer fees on Coinbase. One way to reduce transfer fees is to exchange Bitcoin to another cryptocurrency such as Litecoin or Bitcoin Cash.
Crypto exchange Coinbase suffered several outages amid Bitcoin's ongoing price rally. The increase in user traffic and trading activity results in a massive extra load on servers. Trading platforms are having a hard time preparing for such spikes due to Bitcoin's unpredictability, experts said.
Should you keep crypto on Coinbase? ›While it is never 100% safe to keep your money on any online exchange, Coinbase has one of the safest web wallets you can use since it holds 98% of its assets in offline cold storage that cybercriminals cannot access.
Which is the safest crypto wallet? ›- Coinbase Wallet. Best for beginners. See at Coinbase.
- Trezor Model T. Best security features. $255 at Trezor.
- Ledger Nano X. Good balance between accessibility and security. $149 at Ledger.
- Exodus. Best for desktop users. See at Exodus.
- Mycelium. Best for mobile users.
- Best for Beginners: Exodus.
- Best for Advanced Bitcoin Users: Electrum.
- Best for Mobile Users: Mycelium.
- Best Hardware Wallet: Ledger Nano X.
- Best for Security: Trezor Model T.
To avoid a fee, please use the Withdraw to App function. Withdrawal fees will be settled in the currency you are receiving and can not be paid with CRO.
How do I get my money out of Crypto com? ›- Open the Crypto.com App and go to "Accounts"
- Open your Crypto Wallet.
- Press the "Transfer" button.
- Press "Withdrawal"
- Select "External wallet"
- Locate and select the whitelisted wallet address.
- Enter your passcode or confirm using biometric ID.
Fees for Crypto Trading
Buying with a credit or a debit card will have a 2.99% fee, and if you exchange crypto within your account, the transaction will be free. SWIFT deposits and withdrawals will have varying bank transfer fees, and ACH and SEPA deposits and withdrawals are usually free.
Long-term capital gains tax for crypto
While these types of gains aren't taxed as ordinary income, you still use your taxable income to determine the long-term capital gains bracket you're in. Depending on your income and filing status, you'll generally either pay 0%, 15% or 20% on your long-term gains.
The IRS requires that you report all sales of crypto, as it considers cryptocurrencies property. You can use crypto losses to offset capital losses (including future capital losses if applicable) and/or to deduct up to $3,000 from your income.
What happens if you don't report cryptocurrency on taxes? ›
If you don't report taxable crypto activity and face an IRS audit, you may incur interest, penalties, or even criminal charges. It may be considered tax evasion or fraud, said David Canedo, a Milwaukee-based CPA and tax specialist product manager at Accointing, a crypto tracking and tax reporting tool.