Crypto.com vs PointPay: Which Is A Better Crypto Lending Platform In 2022?

Welcome readers. In this post, we will compare two of the best crypto lending platforms in Australia, Crypto.com vs PointPay.

Crypto.com and PointPay are two of the most innovative crypto platforms right now. According to the users, these two platforms combine the quality and safety of the best crypto exchanges with the intuitiveness and simplicity of their next-generation platforms.

But what if you have to choose between crypto.com and PointPay? It’s a hard choice, as both these platforms seem to be choke-full of highly interactive features.

Crypto.com vs PointPay: Which One Should You Choose?

To find out for sure which amongst Crypto.com and Pointpay is better and not fall prey to the chaos of overwhelming information circulating on the internet, read our Crypto.com vs PointPay comparison.

We have thoroughly tested various services offered by both platforms. Below, we will expose everything we have discovered and answer the burning question: Crypto.com vs PointPay – which is better in 2022.

	Crypto.com	PointPay
Platform Type	Interest Account + Crypto Exchange	Crypto Banking+Crypto Exchange
Beginner Friendly	Yes	No
Buy/Deposit Methods	Wire transfers, crypto deposits, PayPal	Bank transfer, Crypto deposits
Fiat Currencies Supported	20+	9+
Countries Supported	100+ Markets	Worldwide
Cryptocurrencies Supported	250+	15+
Transaction Fee	Varies	Varies
Digital Wallet	Yes	Yes
Copy Trading	No	No
Margin Trading	Yes	Yes
Minimum Deposit	$1	Varies based on currencies
Spread	0.25% – 0.5%	n/a
Withdrawal Limit	Varies	Varies
Mobile App	Yes	Yes
Launch Date	2016	2018
Security	Two Factor Authentication	Two Factor Authentication
KYC Verification	Yes	No
Customer Support	Average	Average

Crypto.com Exchange

Crypto.com is among the most rapidly growing cryptocurrency apps in 2022. Since its inception in 2016, the platform has only witnessed an upward trend and currently has more than 10 million users worldwide.

The huge popularity of crypto.com is primarily due to the heap of features that this trading exchange offers. You can count leveraged trading, betting, and the Crypto.com Visa card amongst its star features.

Moreover, Australian residents are at a particular advantage because the exchange offers seamless transactions in AUD and currently sits in the ranks of top crypto exchanges in Australia.

On top of that, the platform also offers its own cryptocurrency, the Crypto.com Coin (CRO), which stores many benefits of its own.

Who Is Crypto.com Owned By?

Crypto.com is currently operated from Singapore by Foris DAX Asia – it’s a subsidiary of Foris DAX MT (Malta) Limited. Additionally, the exchange has its presence in more than thirty countries.

Moreover, the platform enjoys significant popularity in Australia, where it has consolidated its presence and caters to a vast Australian audience.

Is Crypto.com Insured?

Yes. You can be at ease that your money with crypto.com is completely safe. Crypto.com seems to take its user’s investment quite seriously and fully insures its assets to compensate for any theft or loss.

Initially, crypto.com pledged $360 million for insurance to compensate for any breach or theft. But recently, the platform has expanded its capital to $750 million.

Australian residents, too, are covered under the insurance and enjoy the same protection as other users from different countries.

Crypto.com Pros and Cons

In this segment of Crypto.com vs PointPay, we will summarize the pros and cons of crypto.com and showcase where this exchange excels and where it needs improvement.

PointPay

PontPay is not just your traditional crypto exchange but something more. PointPay aims to be a pioneer in the crypto space with its unique approach to dealing with cryptocurrencies. In addition to providing traditional trading services, PointPay also includes a full-scale crypto banking system. 

Like another banking system, PointPay aims to become a one-stop solution for all blockchain-related banking facilities. And since its beginning, it’s already carved a niche for itself and seems poised to grow manifold in the coming years. 

You can operate PointPay similar to any banking system and open savings or crypto checking accounts. On top of that, you also earn handsome interest on your crypto capital, just like any fiat money banking system.

How Do I Purchase PointPay?

You can easily purchase a PointPay token via the website, but you need a PointPay account. In case you have registered on the PointPay website, here are the steps to buy PointPay tokens;

• Log in to your account, and choose the buy token option.
•  Next, select the cryptocurrency you want to pay with for PXP tokens.
• If you don’t have cryptocurrencies, first navigate to PointPay Payment System to buy Ethereum.
•  You can pay for buying Ethereum on PointPay via credit or debit card.
•  Once you have cryptocurrency, complete the payment to buy PXP tokens.

Is PointPay a Good Investment?

PointPay has risen quickly in popularity due to its commitment to becoming the topmost crypto-bank globally. The unique approach seems to have rapidly caught the users’ attention, and there appears to be an increasing interest in the platform.

Moreover, the lending feature, instant transfer facility between banking applications, and the opportunity to earn 4% to 8% interest against assets which can reach as high as 30% in the case of PXP token make it a lucrative platform.

Despite all these amazing features, PointPay is still in the nascent stage and therefore offers an advantage to early adopters to increase their investment manifold. So yes, PointPay is indeed a good investment.

PointPay Pros and Cons

In this segment, we will discuss some of the pros and cons of the Poinpay platform.

Crypto.com Features

There is no shortage of attractive features on crypto.com, and that’s why it outshines other leading crypto exchanges in Australia.

As a top-tier exchange, crypto.com offers some unique solutions to its users. Firstly, the exchange is very intuitive and practical and heavily emphasizes providing a fast and safe trading platform.

Its decentralized app is amongst the few that provide payment cards in partnership with VISA. This card lets you earn attractive cashback of up to 8%.

Moreover, the exchange also offers several opportunities to earn extra via its Crypto earn” and ”Supercharger.”

Additionally, a staking facility is also available, allowing lucrative returns on the staked assets.

PointPay Features

The main attraction of PointPay is its unique banking services. The Blockchain-based bank allows storing coins and earning interest on them.

Another unique feature of PointPay is crypto lending. It allows better returns on its native token and significantly boosts profit.

Apart from being a blockchain-based bank, Pointpay is also a top crypto exchange that offers seamless crypto trading.

Crypto.com Fees And Interest Rate

Crypto.com has many strengths, but it appears that the exchange is a little pricey when it comes to fees.

Deposit fees are free, which is nothing surprising. Likewise, exchanging cryptos on the crypto.com app will cost you nothing.

Trading fees are variable and depend on the coin you trade. However, there is a possibility of lowering the fees if you stake CRO. Then you can benefit from attractive discounts.

As far as the interest rates are concerned, users have some advantages. You can avail of 14.5% interest on staking, while stable coins offer you 10.5% of interest.

PointPay Fees And Interest Rate

BTC deposits on PointPay won’t incur any charges; however, a withdrawal of one BTC costs around 0.00049 BTC. Similarly, the total exchange fees that include both maker and taker fees come around .01% of the trade.

Moreover, users earn an interest rate ranging from 4% to 8% against their stored capital. In terms of PXP tokens, the interest can reach as high as 30%, which surely will appeal to those considering onboarding the PointPay platform.

Crypto.com User-Friendliness

In terms of user-friendliness, crypto.com indeed scores big and will surely be more appealing to novice traders.

Both the “browser” and “mobile” versions of the crypto.com exchange are user-friendly and convenient. The interface is clean and allows easy navigability on the dashboard.

Additionally, crypto.com offers an easy-to-use app available on both android and iOS platforms.

PointPay User-Friendliness

PointPay will be more appropriate for experienced users, primarily due to its combination of banking and trading features.

New users might find it troubling to tread the complex dashboard with all its functionality. Therefore if you are a newbie, you have to follow a learning curve before you can swiftly navigate through the PoinPay interface.

Crypto.com Security

Crypto.com is a safe platform, and the exchange is pretty committed to protecting its users’ data and funds.

To this end, the platform has adopted several security measures. First and foremost, all the assets are stored in cold storage – that is, in an offline wallet.

Moreover, Multi-factor authentication (2FA) is also in place, which minimizes the threat of unauthorized account access.

Furthermore, Crypto.com guarantees the protection of funds via cryptographic keys. Incidentally, all deposits and withdrawal requests are closely analyzed to timely detect any suspicious transactions.

Finally, the exchange has tied with specialized security review firms for regular tests and verifications on its various security systems and to detect vulnerabilities.

PointPay Security

PointPay, too, has a similar security infrastructure as that of crypto.com. Moreover, bulk transactions are closely monitored to detect any discrepancies.

Similarly, assets are stored in air-gapped cold wallets to offer maximum security against theft.

Moreover, the Secure Extra Payment Accounts facility is also available to further secure your transactions.

PointPay vs Crypto.com Supported Coins

The number of supported coins is a crucial parameter to assess when two prominent exchanges like crypto.com and PointPay are put head to head.

However, PointPay is no match to crypto.com in terms of supported cryptocurrencies. PointPay only supports around 15 crypto coins, while crypto.com entertains about 250 coins.

That’s a vast difference and puts crypto.com way ahead of PointPay when it comes to supported coins.

PointPay vs Crypto.com Mobile App Support

Both crypto.com and PointPay maintain a strong mobile presence through their interactive apps. Similarly, the apps for both platforms are available on android and iOS platforms.

But, similar to its easy-to-use dashboard, the crypto.com app offers the same ease and therefore beats the PointPay app in terms of usability.

Crypto.com vs PointPay Supported Coins 

The service provider needs to have a robust customer support infrastructure. Lacking this segment can be a big flaw in otherwise perfect-looking service.

In this regard, both Crypto.com and PointPay maintain a robust support system.

On crypto.com, you have a live chat available in several languages. Moreover, it maintains an extensive database of helpful info to get quick solutions for common issues.

Similarly, PointPay also ensures that customers’ queries are speedily resolved. An extensive database coupled with several contact points allows PointPay to efficiently address users’ concerns.

PointPay vs Crypto.com Customer Support

Entertaining a huge customer base comes with a cost, and cracks become evident in some segments. Customer support lacks agility, and service seems to be a bit stretched.

Therefore, users have to wait a few hours in some cases for a response. That’s not the case with PointPay, and thus it comes out as the winner in this segment.

Crypto.com vs PointPay – Final Verdict

Our crypto.com vs PointPay reviews paint a complete picture of these two widely popular exchanges.

However, deciding which one is better is a bit difficult, mainly because the two represent somewhat different approaches. While crypto.com offers lucrative crypto trading features, PointPay works differently and aims to be a Crypto Bank.

However, given the additional functionality of blockchain-based banking coupled with trading facilities, PointPay seems to lead the tally and appears to be a little better than crypto.com.