There exist several options for investment today where one can invest their money. There are several volatile and non-volatile options of investments that one can choose to grow their savings. Depending on their plans, whether they want to invest money for a long-term plan or a short-term plan, people choose their investment options.
However, some options possess high risk, while some are not that risky to opt for. These several options include Direct equity, Equity mutual funds, Public provident funds, Debt mutual funds, Gold, Real estate, Cryptocurrency etc. Cryptocurrency is one of the most renowned and evolving investment alternatives. Some several companies or websites help people to trade in Cryptocurrency. Two of such platforms are 1. Crypto.com and 2. Bitbuy.
Crypto.com vs Bitbuy
The main difference between Crypto.com and Bitbuy is their founders and the location of their headquarters. Crypto.com was founded by Karl Marszalek, and its headquarters is located in Hong Kong. On the other hand, the founder of Bitbuy is Adam Goldman, and its headquarters is located in Toronto, Canada.
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. One of the plus points of investing through Crypto.com is that it is very affordable. Money can be easily converted on Crypto.com.
Bitbuy is a cryptocurrency exchange platform. It was founded by Adam Goldman in the year 2019. Its headquarters is located in Toronto, Canada. It is a mid-sized cryptocurrency exchange platform and is mainly focused on the Canadian population that wish to invest in Cryptocurrency. They help its users to buy, sell and manage their cryptocurrency.
Comparison Table Between Crypto.com and Bitbuy
| Parameters of Comparison | Crypto.com | Bitbuy |
| Founder | Karl Marszalek | Adam Goldman |
| Founded in | 2016 | 2019 |
| Headquarters | Hong Kong | Toronto, Canada |
| Advantages | 1. 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. One of the plus points of investing through Crypto.com is that it is very affordable. Money can be easily converted on Crypto.com.
An investor that invests in cryptocurrency by using Crypto.com can save, spend, trade and store their cryptocurrencies. Various good ranges of cryptocurrencies are available on Crypto.com, and the plus point is that they are available at affordable prices. The platform has their CRO coin that has several benefits too. If the CRO coin is staked more, the investor is more likely to gain profits.
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. One can also spend their cryptocurrency through a prepaid visa card on crypto.com. Crypto.com also offers crypto loan in some countries.
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. These advantages outweigh the few disadvantages of using crypto.com. This platform has been useful to a lot of people, and it has gained popularity over the years because of the various features and benefits that are provided by it.
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. It is a mid-sized cryptocurrency exchange platform and is mainly focused on the Canadian population that wish to invest in Cryptocurrency.
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. It is a very popular exchange platform in Canada and is trusted by its users. There are several benefits of using this platform, and it has several unique features too.
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. Because of the several features that are available on this platform, many users choose to invest their money by using it.
Main Differences Between Crypto.com and Bitbuy
- Crypto.com serves in various parts of the world and is available in various places. On the other hand, Bitbuy is only available in Canada.
- The founder of Crypto.com is Karl Marszalek. On the other hand, the founder of Bitbuy is Adam Goldman.
- Crypto.com was founded in the year 2016. On the other hand, Bitbuy was founded in the year 2019.
- The headquarters of Crypto.com is located in Hong Kong. On the other hand, the headquarters of Bitbuy is located in Toronto, Canada.
- 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. People often choose such platforms because of the advantages that are offered by them.
However, before investing in cryptocurrency, one must always be careful because it is a highly volatile investment option, and it includes high risks. Without gaining proper information and knowledge about it, one must not invest huge amounts of money in it.
References
- https://www.tandfonline.com/doi/abs/10.1080/23270012.2020.1790046
- 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