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Crypto.com vs. Gemini: The Pros, Cons and How they Compare

The two crypto currency exchanges, Crypto.com and Gemini, are going head to head in categories like fees, payment options and ease of use.

  • Dean Fankhauser
    By
  • Posted
  • Read Time7 minutes
  • Our Gemini score
  • Our Crypto.com score
  • GeminiGemini

Crypto.com vs Gemini

PlatformFeaturesEase of useSecuritySupportReputationFeesOverall
Gemini4344344
Crypto.com4553534.5

By the end of June 2020, Bitcoin sat at a value of $9,165. Just eight months later, at the time of this article's writing, the coin's value sits at $47,968.50. What's more, the share price of Tesla is now directly tied to Bitcoin's value

That's an impressive evolution considering the crypto-coin debuted at a worth of little more than $0.0008 to $0.08 in 2009! If you're like many other consumers, Bitcoin (BTC) has likely caught your eye in recent months. 

Whether you wish to buy Bitcoin as a hedge against inflation or to take advantage of its continued growth, now's the best time to get in on the investment potential. With that in mind, let's take a closer look at Crypto.com vs Gemini, two excellent platforms for purchasing BTC.

Why Buy Bitcoin 

It's hard to quantify the vast leaps and jumps that Bitcoin has experienced over the past few months. Even as economies worldwide continue to struggle due to the pandemic, Bitcoin continues to grow in dramatic surges. You've no doubt seen the crazy headlines.

For example, Bitcoin has surpassed and reached incredible heights of more than $50,000. Many experts have forecast continued growth, which some agree will hit upward limits of $100,000 or more. So, it only makes sense that you want to get in on the action.

What's the best way to do this? Answering this question is far from simple. After all, hundreds of exchanges have cropped up in recent years. That said, few enjoy the reputation of Crypto.com or Gemini. 

But which cryptocurrency exchange is more advantageous when it comes to purchasing Bitcoin? Let's take a closer look at these two dominant exchanges, exploring everything from trading fees to security features and much more. 

Find out more about Bitcoin and why it could be the right investment for you. 

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What to Know About Crypto.com

Founded in 2016, Crypto.com operates on a basic belief: it's a fundamental human right to have control over your money, identity, and data. We couldn't agree more with this basic principle!

Today, Crypto.com serves more than five million customers worldwide, and the platform has come a long way in meeting its vision of providing financial access to all. It represents a powerful alternative, especially when compared to traditional financial services. 

The company was started by four founders: Bobby Bao, Kris Marszalek, Rafael Melo, and Gary Or. These founders remain at the helm of the company today, providing a reputable exchange to crypto users. Learn more about Crypto.com

Features of Crypto.com You Need to Know About

Which features accompany Crypto.com? They include a variety of services and products, such as the ability to spend cryptos using the exchange's well-known MCO Visa card. The card rewards users with 8% cashback on every purchase. 

You'll also gain access to the Crypto.com app, where you can purchase and sell more than 80 cryptocurrencies with fiat at a real cost. You can even pay for your daily expenses in crypto by relying on the Crypto.com app and dedicated Visa card. 

The platform also permits consumers to deposit crypto while earning up to 12% via Crypto Earn. You gain access to crypto loans with a 50% loan-to-value (LTV) ratio via Crypto Credit. 

Through the exchange, you can trade popular cryptos while enjoying some of the industry's lowest fees. But the perks don't stop there. With Crypto.com, you also get the Syndicate, where users participate in buying cryptos with 50% off when staking CRO.

Through the company's referral program, you can get up to a $2,000 referral bonus in CRO and 50% in trading fees for every successful referral. Talk about a lucrative program!

More Features and Products Associated With Crypto.com

During your first 30 days on the Crypto.com exchange, you can also take advantage of the so-called Supercharger option. How does it work? Just deposit and withdraw CRO from the Supercharger pool any time during your first month. 

Your average share percentage will get calculated daily, and you'll receive a reward token every day during the reward distribution period. What's a token distribution based on? The liquidity provided during this period.

You'll also have the opportunity to swap and farm DeFi Coins in their decentralized exchange, Defi Swap. What is DeFi Swap? It's the fork of Uniswap V2. There, you can store crypto safely via a non-custodial Defi wallet.

Users will also receive the best returns when depositing tokens to the protocol with the highest APY at the time of the deposit. What's more, Crypto.com has integrated with the Compound lending pool, providing users with access to the following DeFi tokens:

  • DAI

  • BAT

  • COMP

  • USDC

  • ETH

  • UNI

  • WBTC

  • USDT

  • ZRX

Keep an eye on DeFi Earn as Crypto.com has promised the addition of more tokens in the near future. 

Crypto.com Price also comes with a tracking feature that lets you keep dibs on the latest token prices, market capitalization ranking, market movement, and token information.

Remember that some of the key features of Crypto.com may not be accessible to you depending on where you live. For example, residents of Hong Kong, Singapore, Switzerland, Malta, and the United States don't currently have access to the lending system. 

Crypto.com Fees

The exchange offers some of the lowest fees in the business. These fees are based on the maker-taker model as well as the volume of trading you participate in.

For example, when your trading volume falls within the $0 to $250,000 category, you'll enjoy maker fees of 0.10% and taker fees of 0.16%. On trading volumes of $250,001 to $1,000,000, maker fees come in at 0.09% and taker fees at 0.15%. 

And from $1,000,001 to $10,000,000, maker fees start at 0.08 percent and taker fees at 0.14 percent. As you can see, these fees incrementally continue to decrease from there. 

What to Know About Gemini 

A New York trust company, Gemini is regulated by the New York State Department of Financial Services (NYSDFS). As a result, it's subject to some of the most stringent regulations in the industry. These include capital reserve requirements, NYSDFS banking compliance standards, and cybersecurity requirements. 

In a nutshell, Gemini represents an elegant, simple, and secure platform for building out your cryptocurrency portfolio. Whether you want to buy, sell, store, or all of the above, you'll enjoy a seamless customer experience with Gemini. 

Gemini Features

The Gemini exchange only supports two cryptos, Ethereum (ETH) and Bitcoin (BTC). Why such limited options? Because Gemini has placed its focus on building a trustworthy and institutionally-friendly platform. Besides these cryptos, the company also accepts a fiat currency, the US dollar. 

The exchange accepts wire transfers internationally and deposits made by automated clearing house (ACH) nationally. You can also fund your wallet with Bitcoin or Ethereum, which some consumers find particularly handy. 

Gemini Fees

What should you expect when it comes to Gemini fees? The lowest fees come in at 0.35% for takers and 0.25% for makers for transactions up to $499,999. Above $500,000, you'll pay 0.25% in taker fees and 0.15% in maker fees. 

Like Crypto.com, fees will continue to drop as the trading volume increases in pre-determined groups of value. And maker fees will always come in below taker fees.

Why is this the case? Because takers refer to individuals who place orders at the market price, which get fills immediately because of a match with a pre-existing order. A customer is considered a taker when they pay a fee for books.

As for a maker? This refers to a user that places an order which doesn't get filled right away. Instead, the order gets placed in an order book. If another customer comes along and matches your order, you're considered the maker, and you get to enjoy much lower fees or even rates of 0%.

Crypto.com vs Gemini: The Takeaway 

Should you buy Bitcoin from Crypto.com or Gemini? The answer to this question depends on many variables, including how important transaction fees are to you and where you live. You'll also want to consider other issues such as security and how you'd like to access and use your Bitcoin.

Not only does Crypto.com feature some of the lowest fees in the industry, but it also comes with the hard-to-beat MCO Visa card that can be used at any location that accepts Visa. If you genuinely want to integrate crypto into your daily transactions, Crypto.com remains the best way to go.

That said, Gemini enjoys a stellar reputation and has jumped through all of the loopholes necessary to operate unfettered in the US, including New York. Known for its impeccable security and adherence to banking regulations, we recommend this exchange for American consumers who place a premium on online safety. 

That said, you've got plenty of additional crypto options to consider. Check out our comprehensive digital currency exchange reviews.

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