Trust Wallet vs Crypto.com: Which Is Better For You?[2022]

Trust Wallet vs Crypto.com

Trust Wallet vs Crypto.com – If you are searching for a platform to buy or crypto, there are several to choose from!

Yet, in this article, we’ll be discussing two of the popular cryptocurrency services – Trust Wallet and Crypto.com, which help you to buy, sell, store, withdraw and even exchange cryptocurrencies.

Both Trust Wallet and Crypto.com are two trusted cryptocurrency exchange platforms that ensure top-notch security and offer a digital wallet.

We have evaluated both exchanges on features, fees, ease of usage, security, and how to transfer crypto from one platform to another.

So, keep on reading to find more about Trust Wallet vs Crypto.com!

Trust Wallet vs Crypto.com: What Are They?

Trust Wallet: Trust Wallet is one of the best cryptocurrencies and Ethereum wallets that is present out there.

It let you store, send and receive Bitcoin and several other cryptocurrencies safely and securely. And it supports over 160 digital assets and allows users to stake their coins in order to gain interest.

Trust Wallet vs crypto.com

The Trust Wallet is completely free to download for both Android and iOS devices. And most of its versatility is because they wrote its code in the native language for both platforms.

Crypto.com: Crypto.com is a cryptocurrency exchange app that lets you buy, sell, or trade an extensive list of cryptocurrencies.  

Besides, it offers cryptocurrency credit cards, a decentralized exchange, and an NFT marketplace and even lets users stake their crypto, or hold it in a crypto.com wallet for some time period to earn up to 14.5% interest.

Crypto.com can be a good choice for those who want to buy and hold currencies like Ethereum and Bitcoin. Currently, it supports over 150 currencies and offers advanced order types.

crypto.com vs trust wallet

Trust Wallet vs Crypto.com: How They Stack Up?

Here is everything that you want to know about Trust Wallet and Crypto.com;

Features

Trust Wallet:

  • Send, receive and store Bitcoins and many other cryptocurrencies including NFTs safely.
  • Trust Wallet is a fast and secure multi-crypto wallet with Binance DEX support.
  • Earn interest on your crypto, play blockchain games, collect NFTs and access the latest DApps and DeFi platforms.
  • Buy and store multiple cryptocurrencies and many other ERC20, BEP20, and ERC721.
  • Buy Bitcoin or Crypto with EUR or USD.
  • Check your crypto wallet balance, transaction history, and other details on your device.
  • Use FaceID, Touch ID, or conventional passwords to protect your crypto investments.

Crypto.com:

  • Earn up to 6.5% per annum (p.a.) on your crypto,12% p.a. on stablecoins.
  • Buy/sell 200+ crypto at True Cost.
  • Buy Bitcoin (BTC), Shiba Inu (SHIB), Dogecoin (DOGE), Ether (ETH), Litecoin (LTC), and other leading coins with your credit/debit card or bank transfer.
  • Track 200+ coins with our cryptocurrency price tracker.
  • Securely store, send and receive cryptocurrencies.
  • With the Crypto.com Visa Card, get unlimited access to over 1000 airport lounges globally on select cards.

How Do They Work?

Trust Wallet: You’ll have to download the Trust Wallet app on your device to use Trust Wallet and create an account by giving the required information.

You’ll then get a 12-word recovery phase, which serves as a backup for your funds. In case if you lose your recovery phase, you’ll completely lose your funds.

Now your newly created multi-coin wallet is ready to manage cryptocurrencies for over 30 blockchains, such as Ethereum, XRP, Bitcoin, BNB, and many more.

Trust Wallet doesn’t hold any cryptocurrencies in its server, and it only gives access to its wallet. Thus, it acts as a bridge linking individual blockchain networks through its nodes.

Crypto.com: You can access Crypto.com on both mobile apps and desktops. All you need to do is to sign-up on its official website or download the app on your mobile device.

Now, enter your email and choose a password. Your account is verified by using your name, a selfie, and a picture of your photo ID. Once it is done, you’ll need to link a payment method.

Note that the new account setup process includes KYC verification, which usually takes less than ten minutes.

Now, you can start trading in two ways, either through its exchange or its DeFi wallet. If you want to trade through DeFi wallet, the decentralized exchange can help you swap crypto with other users.

Fees

Trust Wallet: Trust Wallet doesn’t charge anything to use it, as well as for exchanging one crypto for another on the in-app DEX or whenever a user uses the DApp browser to combine with decentralized apps.

Not only that, but it also doesn’t have any subscription charges to use it. Still, the only fee it charges is the fees for processing transactions on the app, which are paid to the miners or to the Proof-of-stake chains that charge them.

Also, during the times of high usage of the Bitcoin blockchain, it might charge $5 to $10 for every transaction you make. And the Ethereum blockchain can charge up to $10 per transaction.

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Crypto.com: When it comes to the trading fees for centralized exchanges, Crypto.com is on the lower end.

You can deposit currencies entirely free of charge, supports free transfers to the Crypto.com Exchange and DeFi Wallet, and permit free crypto to crypto exchanges.

It charges trading fees, which are based on your past 30-Day trading volume. Trading volume is usually calculated from the total volume of crypto you’ve traded over the past 30 days in USD equivalent.

There is also an option to stake CRO tokens and pay your trading fees with CRO. That means, the more CRO you stake, the bigger will be your trading discount.

Moreover, trading fees are automatically deducted from the CRO balance in your Exchange Wallet (only if there is sufficient CRO and the option is enabled).

Although Crypto.com lets you buy cryptocurrency directly with your debit or credit card, you’ll need to pay between 0% to 3.5% in debit or credit card fees.

Since the withdrawal from the Crypto.com Exchange is an on-chain transaction of transferring crypto to an external cryptocurrency address, they come with a fee.

You can visit this page to know the withdrawal fees and limits schedule. 

Security

Trust Wallet: One of the main things about Trust Wallet is its focus on user privacy and protection. It doesn’t require any KYC and, as a non-custodial wallet, it doesn’t store any data.

It offers 2-Factor Authentication, SMS or email verifications, and Google Authentications. Moreover, it let you keep your private keys on your devices instead of storing them on Trust Wallet’s servers.

There are also additional measures, such as passcode with or without Face ID or Touch ID. You can add this by navigating to ‘Settings -> Security -> App Lock’ and then input your chosen password.

Besides, you can reduce the risk by limiting the connection with third-party sites. In other words, if you connect your wallet with a third party, there are a few chances it increases your vulnerability to phishing scams.

Crypto.com: It uses different security measures, such as the usage of a strong password and personal online security practices to assist protect your account as well as two-factor authentication.

In addition to these, it also uses robust compliance monitoring and stores customer deposits offline in cold storage to help prevent hacks and losses.  

Its cold storage has insurance coverage of USD 500 million that comprises direct and indirect coverage through physical damage, custodians, and third-party theft.

When it comes to protecting its hot wallets, Crypto.com uses multi-signature keys and HSM. And the funds kept in hot wallets are corporate funds and contain just a fraction of the company’s total holdings.

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Ease of Use

Trust Wallet: Using Trust Wallet can become really easy if you have a trading account with Binance because Binance owns Trust Wallet.

You can also have access to top cryptocurrencies through the Trust Wallet instead of having to use different wallets.

That means it is developed in such a way that you can access both ICO tokens, airdrops, and Ethereum through one address.

Crypto.com: It is a beginner-friendly crypto platform, which makes it easy to buy, sell and exchange crypto.

Moreover, anyone can use its other services like DeFi Swap and DeFi Wallet, Earn Pay, Exchange, staking, and Lending.

You can also track your portfolio, withdraw cryptocurrencies to external wallets, send coins to the Crypto.com Exchange, and even manage deposits.

So, overall, it acts as your personal finance centre for both cryptocurrencies and fiats.

Trust Wallet vs Binance Wallet: Comparison [2022]

Customer Support

Trust Wallet: If you have any questions or need help with Trust Wallet, you can contact their customer service by submitting a ticket, or send an email at [email protected] or connect through Facebook, Discord, Twitter, or Telegram. 

Crypto.com: If you have any questions or need help with Crypto.com, you can contact their customer service by calling them at 65-6264-0211 or email them at [email protected].

Trust Wallet vs Crypto.com: How to Transfer Crypto?

The most important thing that you need to know before transferring anything is that whenever you are using any wallet, you don’t have to transfer everything at once.

That means you can first transfer around 5% of the amount of crypto that you want to transfer and then, transfer everything else.

This is quite essential because, in this way, you can save some money and don’t lose any money.

How to Transfer Crypto from Trust Wallet to Crypto.com?

The first thing you need to do is to go over to Trust Wallet and then navigate to the wallet page in the bottom left corner.

From that page, you’ll need to click send, where you can see all the tokens you’re holding. Once you’ve selected the coin that you want to transfer, you can click on it.

Fill in the recipient’s address. In order to find this address, you need to go over to Crypto.com and log in. Now, you’ll need to select the Transfer button.

From the pop-up, you can choose between depositing or withdrawing cryptocurrencies. Select crypto if you want to transfer cryptocurrency.

From the pop-up, click on the search icon in the top right and search for the coin that you want to transfer. Once you find the coin that you want to transfer, you can click on it, and then you’ll see a screen showing a QR Code.

Now, you’ll have to copy the address by selecting the copy button in the bottom right. As soon as you’ve copied the address, you can go back to the Trust Wallet and click on the Paste button to paste your address in.

Finally, you’ll need to fill in the number of coins that you’d like to transfer. You can either fill this amount manually or you can click on the max button to select all of your available holdings.

Once you’ve filled in the recipient address and the amount you want to transfer, you can click on next. Don’t forget to double-check all the information to ensure you haven’t all the information is correct and lastly, tap on Send.

How to Transfer Crypto from Crypto.com to Trust Wallet?

All you need to do is to open the Crypto.com  app and navigate to the home page in the bottom left corner. Now, click on the Transfer button from Crypto.com.

And select Withdraw -> Crypto Wallet -> External Wallet and enter the wallet address. In order to find this address, open Trust Wallet and choose any wallet address.

From the pop-up, click on the search icon in the top right and search for the coin that you want to transfer. Once you find the coin that you want to transfer, you can click on it.

On the next page, you get to view a QR code, where you can see your account number. Copy the address by selecting the copy button in the bottom right and go right back over to Crypto.com.

From Crypto.com, select the ‘plus’ sign in the top right corner, tap wallet address and click on the Paste button to paste your address in.

Enter the Wallet name and press continue. Now, you’ll need to fill in the number of coins that you’d like to transfer.

You can either fill this amount manually or you can click on the max button to select all of your available holdings. Lastly, select Withdraw and click Confirm!

Trust Wallet vs Crypto.com: Main Differences

Trust Wallet Crypto.com
It has over 1.6 lakh crypto and digital assets It has only 137 currencies
There is only a mobile app You can access Crypto.com on both mobile and desktops
It is a multi-coin wallet It has multi-factor authentication and AES-256 encryption
Has over 40 blockchains Has at least 4 of the blockchains
Can buy, sell, store coins, and even secure and fast in transactions Buy, receive, sell, send, withdraw, and exchange, and it is safe as well
No documentation Documentation is available

Summing Up: Trust Wallet vs Crypto.com!

No doubt both Trust Wallet and Crypto.com are some of the leading cryptocurrency wallets out there. However, both have their ups and downs.

The main advantage that Crypto.com has over Trust Wallet is that it offers a native coin, and you can actually buy crypto. Whereas with Trust Wallet, maybe you can get to the problem of not buying crypto.

Besides, both are amazing services! Hopefully, the above article has helped you to know everything about Trust Wallet vs Crypto.com.

FAQs

Is Crypto.com a secure wallet?

Yes. It uses different security measures, such as the usage of a strong password and personal online security practices to assist protect your account as well as two-factor authentication.

How do I withdraw from my Trust Wallet to Crypto.com?

Transfer -> Withdraw -> Crypto -> External Wallet -> Add Wallet Address -> select the Crypto -> paster or scan the address -> Continue.

How do I keep my Trust Wallet safe?

There are additional security measures like passcode with or without Face ID or Touch ID that let you keep your Trust Wallet safe and secure.

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