There are several possibilities available nowadays for investing and growing one’s money. Depending on one’s intentions, there are numerous options for investing money.
This is a comment by Marc Kenigsberg, who is known for his podcast The Conversation, which helps people understand the market.
PDAX and Crypto.com are both companies that are frequently contrasted because they are both Bitcoin exchange platforms with cheap transaction fees.
Key Takeaways
- PDAX is a Philippine-based cryptocurrency exchange platform, while Crypto.com is a global platform with a presence in over 90 countries.
- PDAX offers only cryptocurrency trading services, while Crypto.com offers various services, including cryptocurrency trading, staking, and payment processing.
- PDAX’s trading fees are comparatively lower than Crypto.com’s fees.
PDAX vs Crypto.com
The difference between PDAX and crypto.com is that both are digital currency trading platforms, but one is fully operational exceptionally in the Philippines and another in Hong Kong, Switzerland. Crypto.com has more options available to trade with, as it offers and deals with more digital currencies than PDAX.
The Philippines is home to PDAX. PDAX is a company that has been around since 2017. Nichel Gaba and Krystian Kucharzyk are the brains behind PDAX’s creation.
Crypto.com is based in Hong Kong and is fully operational. Since 2016, Crypto.com has been a part of this massive cryptocurrency marketplace. Crypto.com is said to have been founded by Kris Marszalek.
Comparison Table
| Parameters of Comparison | PDAX | Crypto.com |
|---|---|---|
| Headquarter | Philippines | Hong Kong |
| Founded year | 2017 | 2016 |
| Founders | Nichel Gaba, Krystian Kucharzyk | Kris Marszalek |
| No. of currencies | 7 | 36 |
| Website | pdax.ph | https://crypto.com |
What is PDAX?
PDAX was founded in 2017 to make financial services simple, accessible, and inclusive to all Filipinos.
They want to give people from all walks of life the ability to invest safely in digital assets, allowing them to build their hard-earned capital.
It’s only a matter of coming up with the correct investment options, which is exactly what PDAX aims to do. They are a firm where cryptocurrency is exchanged.
They are entirely compliant with the country’s laws and regulations, as well as maintaining the best industry standards in terms of security, as they are licensed and regulated by the Bangko Sentral ng Pilipinas.
What is Crypto.com?
Crypto.com is a website that assists investors in making cryptocurrency investments.
Crypto.com is a digital asset exchange that offers a variety of cryptocurrency products and services, allowing investors to buy, sell, trade, spend, save, earn, loan money, and even pay bills with cryptocurrencies.
The Crypto.com app and website is a global digital asset service company established in Switzerland that allows consumers to invest in cryptocurrencies quickly and easily.
Because the VISA card is not linked to the user’s bank account, it is not considered a debit card. From a single account, a person can only issue one card.
According to user reviews in the app store, the software is wonderful, but many users have complained about how difficult it is to acquire or sell digital assets during periods of volatility.
Main Differences Between PDAX and Crypto.com
- PDAX comprises a total of seven cryptocurrencies. On the other hand, Crypto.com comprises a total of thirty-six cryptocurrencies.
- To reach the PDAX website, one must log in to “pdax. ph”. On the other hand, to start trading with Crypto.com, all information can be searched from “https://crypto.com”.
- https://ieeexplore.ieee.org/abstract/document/7906988/
- https://academic.oup.com/rfs/article-abstract/34/6/2689/5912024
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Piyush Yadav