4 Differences Between Crypto.com and Gemini 

What are the differences between Crypto.com and Gemini? There is no disagreement in the fact that Crypto.com is one of the fastest-growing crypto platforms in the world when compared to others available in the market.

On the other hand, Gemini is considered to be a simple yet elegant crypto platform that is quite safe and secure for the users to use and build their crypto portfolio quite efficiently.

However, both these crypto trading platforms allow the users to deal with their crypto assets in spite of the differences in their features and functionalities.

This article deals with those differential factors and the different parameters, major and minor, which when known will help you to choose the best one among these two crypto trading platforms according to your crypto trading needs.

One of the most significant differences between them is that Crypto.com offers financial access and several useful features to millions of users all over the world that help them to trade more conveniently.

All these features and benefits are offered by this platform at a reasonably low fee.

However, Gemini, on the other hand, is a company that is favored more by the users due to the fact that it is a platform that is regulated which makes it a bit more secure and reliable than Crypto.com to build a profile to trade crypto assets.

However, the options of crypto assets offered to the users are quite limited in the case of Gemini. This is because the primary objective of this company is to build a friendly and reliable crypto trading platform for its users.

The platform also allows funding of wallet and accepts fiat currency as well to add to the convenience of the users.

4 Differences Between Crypto.com and Gemini

Differences Between Crypto.com and Gemini 

Ideally, Crypto.com is considered to be a complete platform that allows the users to do anything that involves cryptocurrencies.

For that matter, this platform offers probably the widest range of digital currencies, both crypto coins and stable coins, to its users.

Trading on this platform is literally made easy and most convenient due to its features.

On the other hand, in spite of the fact that Gemini offers relatively fewer crypto coins to the users to choose from, it surely does come with the features that will enhance the user experience.

This platform does not provide as many tools as Crypto.com but happens to be a competent alternative to Crypto.com.

Here are a few basic and smaller differences that will help you to determine which of these two platforms you should go with based on your specific requirements and trading conditions.

1. Basics

Crypto.com is a crypto trading platform where users can buy and sell crypto assets. The platform founded by four founders namely Kris Marszalek, Bobby Bao, Rafael Melo, and Gary Or serves the main purpose to offer the users a reliable and safe exchange to trade their crypto assets.

Their mission and belief are pretty straightforward – to allow the users to have more control over their money, data and personal information.

Following this basic principle, the platform has more than five million users all over the world, according to the March 2021 statistics, which tend to grow with each passing day. The platform provides financial access to all making it a commanding alternative to conventional financial services.

Gemini, on the other hand, is a regulated crypto trading platform that abides by some of the most rigorous regulations in the crypto industry.

To name a few of such regulations, the list includes banking compliance standards of the NYSDFS, capital reserve requirements, and cyber security requirements.

It is a simple yet elegant platform to use for crypto trading which will allow you to build your crypto portfolio safely as well. You can expect to have a seamless and good user experience by using Gemini whether you buy, sell, and store or trade your crypto coins.

2. Features

As for the features of these two platforms, that of Crypto.com includes a host of products and services. The list includes the useful and well-known MCO Visa card that gives the users an opportunity to spend crypto for making daily transactions and get a cashback of as much as 8% on every purchase.

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Apart from that, with the access to the Crypto.com app, the users can buy or sell more than 80 different types of crypto coins using fiat currencies and at a real cost.

Relying on this app as well as the Visa card, the users can also pay for their daily expenses in crypto. This platform also allows the users to deposit crypto coins and earn interest up to 12% through its Crypto Earn feature and get an access to take out crypto loans with a Loan to Value or LTV ratio of 50% by using the Crypto Credit feature.

It also allows the users to get to use the Syndicate and participate in buying crypto coins at a discount of 50% off while staking the native coin of the platform CRO, and also offers a referral program that will allow the users to get a referral bonus of $2,000 worth CRO coins and discount of 50% in trading fees for each successful referral.

On the other hand, the features of Gemini are not as many as Crypto.com. This platform supports only two major crypto coins namely, BTC and ETH just to focus more on providing a better user experience.

This platform also accepts US Dollars apart from crypto through international wire transfers and deposits. The deposits and wire transfers can be made via Automated Clearing House or ACH nationally. Apart from that, you will also find it quite handy to fund your wallet with BTC and ETH.

3. Fees

If you research you will find that the Crypto.com exchange offers comparatively lower fees as compared to most of the other crypto exchanges in the industry.

The platform follows a well-designed and well-formulated maker-taker fee model. The amount of the fees charged is also dependent on the volume of trades that the users take part in.

For example, when the trading volume ranges between $0 and $250,000, the maker fee is 0.10% and the taker fee is 0.16%. And, as for higher trading volumes to the range of $250,001 and $1,000,000, the maker fees drop down to 0.09% and the taker fee to 0.15%.

If the trading volume is even higher than that and is within the range of $1,000,001 to $10,000,000, the maker fee is 0.08% and the taker fee is 0.14% and continues to decrease incrementally from there.

On the other hand, the fees charged by Gemini are a bit higher than Crypto.com wherein the lowest fee is about 0.25% for makers and the taker fee is 0.35%.

This is when the trading volume is under $500,000. For anything more than that, you will have to pay a taker fee of 0.25% and 0.15% as a maker fee on this platform.

And, just like Crypto.com, the fee will continue to decrease from there if the trading volume increases according to the groups of value pre-determined, with the maker fee always lower than the taker fees.

4. Few Small Differences

If the major differences between Crypto.com and Gemini were not enough for you to decide which one of the two will serve your crypto trading needs in the best possible way, here are a few smaller yet significant differences that surely would be.

Crypto.com was founded in 2016 with its head office located in Hong Kong but is accessible in most of the countries. Gemini, on the other hand, was founded in 2015 by Cameron and Tyler Winklevoss and its head office is in New York, United States.

The Crypto.com platform was designed specifically for those people who are interested in having a reliable crypto exchange, a savings account with reasonably good returns, a dependable lending platform, and more, all rolled into one.

On the other hand, the Gemini platform is specifically designed for those particular crypto investors and traders who are looking for better crypto products such as crypto wallet, custody, and more, over and above a better trading platform, an exchange, crypto loans, and earning interest on crypto deposits.

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As far as the account funding options are concerned, Gemini supports quite a number of methods more than Crypto.com that includes ACH transfers, bank transfers, wire transfers, Apple Pay, Google Pay, Debit card, and crypto deposits.

In comparison, Crypto.com supports only a handful of options which include crypto deposits, credit card, PayPal, and Transfer Wise.

When it comes to the minimum deposit requirement, that of Gemini is nil but you will need to make a minimum deposit of $20 to use the Crypto.com platform.

It is also good to know that the NYDFS or the New York Department of Financial Services is the regulator of Gemini but there is nothing as such for Crypto.com. Therefore, in terms of cyber security regulations, Gemini has a distinct edge over Crypto.com.

If you consider the different options for trading offered by these two platforms, it is a tie because on Gemini there is no option for futures trading but Crypto.com allows that.

But, social trading is the unique option offered by Gemini and not by Crypto.com. Also, when you use the Gemini platform you will be able to place a stop order type as opposed to Crypto.com.

If you look at the tradable assets supported by these two trading platforms, the numbers may be quite high in both but as for Gemini, it supports AMP, BAT, BCH, BTC, DAI, ETH, LINK, LTC, OXT, ZEC and more, in that order.

On the other hand, the list of tradable assets supported by Crypto.com includes ATOM, BCH, BTC, CRO, ETH, LINK, USDT, XLM, XRP, XTZ and more, all arranged in alphabetical order.

As for fees, you will not need to pay any brokerage fee if you use Crypto.com but Gemini will charge you a brokerage fee of $2.99.

In terms of crypto credit rewards, the Crypto.com platform offers its users a reward card but Gemini does not offer such a card.

Crypto.com also comes up with promotions off and on to enhance its brand recognition among the users. On the other hand, Gemini does not put forward such frequent promotions.

Finally, in terms of customer service, though both offer email support and live chat support, Gemini has a slight edge in this aspect as well over Crypto.com because it also provides phone support.

Most importantly, customer support by Gemini is provided 24/7 which is not available in the case of Crypto.com.

Which is Better – Crypto.com or Gemini?

Just as it is with all other crypto trading platforms, choosing a winner among Gemini and Crypto.com is not an easy task.

Since it is entirely dependent on the needs of the users and their preferences, it is prudent to stick to selecting a platform that will serve the purpose and meet the needs of the individual users.

Moreover, the answer to this question also depends on several other different variables such as the place you live in, the fees and how important they are to you, security features of the platform and the past issues if any, the ease of access and use of the platform and more.

However, most of the users tend to incline a bit towards Crypto.com basically because they find that there are in fact more products and features associated with this platform that are found lacking on Gemini.

For example, you may consider using the SuperCharger option even if you are not a 30-day-old user of the Crypto.com platform and take full advantage of it. The working process of this feature is quite simple.

All you have to do is simply deposit and withdraw the native utility token of this platform, CRO Token, from the Supercharger pool. You can make this deposit or withdrawal at any point of time during the first month.

In the process, you will receive an average share percentage. This is calculated on a daily basis and you will receive a token as a reward every day at some point in the reward allocation period.

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This token distribution is done on the basis of the liquidity provided during a specific time period.

Apart from that, when you use Crypto.com you will also get an opportunity to farm and swap DeFi coins via DeFi Swap, the decentralized exchange.

The Defi Swap is actually a fork of Uniswap V2 where you can store all your crypto assets safely using the non-custodial Defi wallet.

If all that was not enough to tickle your fancy, then this surely will. The Crypto.com platform also allows the users to get the best possible returns while depositing coins to the protocol.

This is offered when the Annual Percentage Yield or APY is the highest at the time of the deposit.

Want some more? Well, here it is. Crypto.com has also incorporated with the Compound Lending Pool. This pool grants the users easy access to different types of DeFi tokens such as:

  • BAT
  • COMP
  • DAI
  • ETH
  • USDC
  • UNI
  • USDT
  • WBTC and
  • ZRX

You should also keep a close watch on the DeFi Earn feature on a regular basis because this platform has promised to include more such coins in the list in the near future.

Adding to the convenience and ease of use of this platform, the Crypto.com Price feature is also a notable inclusion.

This has a unique tracking feature in it that allows the users to be in the loop regarding the latest token prices, be well informed about the ranking as per market cap, be knowledgeable about the market movements to take prompt actions, and have all the necessary information about the crypto tokens.

Now, it seems Crypto.com is really good to go for crypto trading but, it is good to know that all or a few of the main features of the platform may not be available to you.

It all depends on the place you live in. For example, as of now, the lending system of Crypto.com is not available to the residents of a few specific countries such as:

  • Singapore
  • Hong Kong
  • Malta
  • Switzerland and
  • The United States.

However, if you want to use a unique MCO Visa card that is hard to beat and can be used at any place where Visa is accepted and to make a trade at some of the lowest trading fees in the crypto industry, Crypto.com is the one platform that you should go to.

And, Crypto.com is always the best platform to use if you truly want to combine cryptocurrencies into your daily transactions.

However, with all that said Gemini also is a reasonably good platform and should not be shunned right away.

It has quite a stellar reputation in the market and comes with all the features, functionalities, and authentications necessary in order to operate in the United States free and unfettered, even in New York.

The platform is also regarded highly for its unimpeachable security measures as well as a strict observance of banking regulations.

Therefore, if online safety during transactions is at the top of your priority list, as an American consumer, Gemini is the place for you to go to.

The interface of this platform is also as good and easy to use as that of Crypto.com. More importantly, the fees charged by Gemini are not exceptionally high and it also decreases when the trading volume increases.

Conclusion

Since crypto trading is quite popular nowadays, you can use platforms like Gemini and Crypto.com for a safe trading experience. However, articles like this will help you to make the right choice based on their usability and your necessities.