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Charles Schwab vs Crypto.com

Charles Schwab logo

Charles Schwab

Software

Investing made simple

From
On request
Rated
-
Full reviewWebsite
Crypto.com logo

Crypto.com

Software

The best place to buy, sell, and pay with crypto

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Crypto.com has a free tier, so it costs nothing to try first.
  • Each has a real cost: Charles Schwab broker-assisted trades cost $25 and automated phone trades cost $5 in addition to the standard $0 online commission, per the App Store listing for Schwab Mobile; Crypto.com trading fees are significantly higher than industry average at 0.25%/0.5% versus 0.15%/0.194%
  • They diverge on capability: Charles Schwab covers Commission-free trading, Crypto.com covers Cryptocurrency Trading.

Where they differ

Only the attributes on which Charles Schwab and Crypto.com actually diverge.

Attributes where Charles Schwab and Crypto.com differ
AttributeCharles SchwabCrypto.com
Starting priceOn requestFree
Pricing modeltransactionUnknown
Free tierNoYes
Founded19712016

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Charles Schwab

  • Commission-free trading
  • Retirement planning
  • Wealth management
  • Research tools
  • Bank accounts
  • Investment accounts
  • IOS support

Only in Crypto.com

  • Cryptocurrency Trading
  • Visa Card
  • Crypto Earn
  • DeFi Wallet
  • NFT
  • Visa
  • Apple Pay
  • Google Pay

Both cover

  • Web support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Charles Schwab

  • Budget Managementnot Crypto.com
  • Expense Trackingnot Crypto.com
  • Investment Trackingnot Crypto.com

Crypto.com

  • Exchangesnot Charles Schwab
  • Walletsnot Charles Schwab
  • Paymentsnot Charles Schwab

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Charles Schwab

  • Broker-assisted trades cost $25 and automated phone trades cost $5 in addition to the standard $0 online commission, per the App Store listing for Schwab Mobile
  • Options trades carry a $0.65 per-contract fee on top of the $0 online commission, per the App Store listing for Schwab Mobile

Crypto.com

  • Trading fees are significantly higher than industry average at 0.25%/0.5% versus 0.15%/0.194%
  • Bitcoin withdrawal fees are excessive at 0.0004 BTC (approximately $47) versus actual blockchain mining fees
  • Customer support experiences significant delays up to months, with Trustpilot rating of 2.0/5
  • CRO token dependency for fee reductions and card rewards exposes users to token price volatility
  • Account freezes, card blocks, and verification delays reported by users

Pricing, plan by plan

Charles Schwab

On request
  • Individual BrokerageFree
    • Commission-free trading
    • Research tools
  • Schwab Advisor Services$undefined/month
    • All Brokerage features
    • Wealth management
    • Personal advisors

Crypto.com

Free

No published plan breakdown. See the Crypto.com review.

Which should you pick?

Choose Charles Schwab if

  • You need commission-free trading.
  • You work on Web, IOS, Android.
  • You also want retirement planning.
Charles Schwab review

Choose Crypto.com if

  • You need cryptocurrency trading.
  • You want to start without paying.
  • You work on Web, iOS, Android.
  • You also want visa card.
Crypto.com review

Questions people ask

Is Charles Schwab or Crypto.com better?
Neither clearly leads. Charles Schwab starts at On request and Crypto.com at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Charles Schwab or Crypto.com?
Crypto.com has a free tier; the other does not. Paid plans start at On request for Charles Schwab and Free for Crypto.com.
Does Charles Schwab or Crypto.com run on more platforms?
Charles Schwab runs on Web, IOS, Android. Crypto.com runs on Web, iOS, Android.
Can I use Crypto.com for free?
Yes. Crypto.com has a free tier, so you can try it without paying. Charles Schwab starts at On request.
What is Charles Schwab best used for?
Charles Schwab is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Crypto.com is typically brought in for.
What can Charles Schwab do that Crypto.com cannot?
Charles Schwab covers Commission-free trading, Retirement planning, Wealth management, Research tools. Crypto.com covers Cryptocurrency Trading, Visa Card, Crypto Earn, DeFi Wallet. Both handle Web support, Android support.

Answered from the vendors’ own pages

Crypto.com: What are Crypto.com's trading fees?

Base spot trading fees are 0.25% for makers and 0.5% for takers. Fees decrease with higher 30-day trading volume and CRO staking, with volume-based discounts reaching 0.065% maker and 0.1% taker fees at $5M volume.

Source
Crypto.com: What is the difference between Crypto.com App and Exchange?

The App is designed for beginners with embedded spreads reaching 0.5-1%, while the Exchange platform shows transparent maker/taker fees starting from 0.25%/0.50%, with costs decreasing with CRO staking and VIP levels.

Source
Crypto.com: What are the total costs of trading on Crypto.com?

Estimated total costs are approximately 1.30% per trade, composed of 0.75% trading fees and an approximate spread of 0.55%.

Source
Crypto.com: What integrations does Crypto.com have?

Crypto.com integrates with Coinbase and Kraken for cryptocurrency trading and account activity, enabling multi-exchange portfolio management.

Source
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