Difference Between Crypto.com and Bitbuy

Crypto.com is a platform for cryptocurrency trading. It was founded in the year 2016 by Karl Marszalek, and its headquarters is located in Hong Kong.

Bitbuy is a cryptocurrency exchange platform. It was founded by Adam Goldman in the year 2019. Its headquarters is located in Toronto, Canada.

Comparison Table Between Crypto.com and Bitbuy

Parameters of Comparison Crypto.com Bitbuy
FounderKarl Marszalek Adam Goldman
Founded in20162019
Headquarters Hong Kong Toronto, Canada
Advantages1. Fees are low.
2. Money can be easily converted.
3. Cash backs are given.
4. Other rewards are given.
5. It is more secure and safe.
1. Instant verification can be availed by new customers.
2. It is a user-friendly platform.
3. Quicker deposit and processing time.
4. The feature of referral code is available that helps the users to avail several benefits.
5. Because of its multiple features, all kinds of traders, right from amateur traders to expert traders, can make use of it.
Disadvantages 1. It is difficult to navigate.
2. Unavailability of some coins.
3. Lack of good customer service.
4. Lack of educational resources.
1. It is only available for the Canadian population that wishes to invest in cryptocurrency.
2. Only seven types of coins are available.
3. Only one fiat is accepted.
4. Credit card is not supported.

What is Crypto.com?

Crypto.com is a platform for cryptocurrency trading. It was founded in the year 2016 by Karl Marszalek, and its headquarters is located in Hong Kong.

An investor that invests in cryptocurrency by using Crypto.com can save, spend, trade and store their cryptocurrencies.

It can be said that Crypto.com is a kind of crypto bank. On crypto.com, one can switch cryptocurrencies with other users by using one of its features called the Defi Wallet.

There are several benefits of using crypto.com that includes low fees, easy conversion of money, availability of cashback and other rewards, selection of the desired cryptocurrency, more security and safety etc.

What is Bitbuy?

Bitbuy is a cryptocurrency exchange platform. It was founded by Adam Goldman in the year 2019. Its headquarters is located in Toronto, Canada.

Bitbuy is a subsidiary platform of the blockchain services company called First Ledger Corporation. Bitbuy offers a simple flat scheme for its exchange transaction fees.

Several benefits of using Bitbuy for cryptocurrency trading include instant verification can be availed by new customers, it is a user-friendly platform, quicker deposit and processing time, the feature of referral code is available that helps the users to avail several benefits because of its multiple features all kinds of traders right from amateur traders to expert traders can make use of it etc.

Bitbuy has evolved tremendously ever since its establishment and has been useful to a lot of users. Even though it has some disadvantages, it has been providing a great service to its users.

Main Differences Between Crypto.com and Bitbuy

  1. The headquarters of Crypto.com is located in Hong Kong. On the other hand, the headquarters of Bitbuy is located in Toronto, Canada.
  2. Some of the disadvantages of using Crypto.com include difficult navigation, poor customer service etc., on the other hand, some of the disadvantages of using Bitbuy include limited providence of coins, only one fiat is accepted etc.

Conclusion

Both platforms have been proven to helpful and have been providing great service to their users. Many advanced features are available on both platforms.

However, before investing in cryptocurrency, one must always be careful because it is a highly volatile investment option, and it includes high risks.

References

  1. https://www.tandfonline.com/doi/abs/10.1080/23270012.2020.1790046
  2. https://go.gale.com/ps/i.do?id=GALE%7CA20036643&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=00010782&p=AONE&sw=w
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