Binance v Nexo v Crypto.com v Coinbase: survival of the… ?

Binance, Nexo, Crypto.com and Coinbase have been operating in the same space and competing for the same customers for a few years now.


They’re different flavours of the same soup. Like different versions of the same IPA from different Breweries.


On paper, all four provide staking/earning products, all four offer a debit card, all four are more or less user-friendly and all four require KYC. But having used all four for a while, I’ve come to believe they’ve got very little in common.


Let’s start with Coinbase. It is the most user-friendly (imo) and the go-to place for crypto if you’re just getting started BUT there’s a long list of BUTs.


BUT. Coinbase says you can earn interests on a few cryptocurrencies through the website (not talking about the wallet) but I’ve tried with Tezos and it didn’t really work so I ended up sending it to my Binance. BUT. It also has a debit card but the fees for using it abroad, as in outside the country where you’re KYCed, are obscene.


Binance is the complete package because it does a bit of everything. You can earn higher interests for some coins on Nexo but Binance does staking, it has its own debit card, and it combines traditional exchange features with proper DeFi products. It also has relatively low fees when compared to other three.


The way I see it, Crypto.com spent way too much money on marketing and found themselves in a bit of a pickle. They offer a sign-up bonus, same as Coinbase and Nexo, but you can’t actually use it unless you stake $350-400 worth of CRONOS, which is not exactly pocket change. On top of that, they’ve notoriously slashed cashback rewards, which means that they’re base-level card is now just another card.


Nexo is probably my favourite. Their token is a lot more stable than CRONOS, and unlike other equivalent platforms they give you higher interest rates on your crypto if you allocate 10% of your portfolio to their token. And allocating a percentage point rather than a fixed mount makes more sense, especially for people who don’t have hundreds of dollars to throw around.


They can coexist, and they can all keep thriving after this bear market phase is over. But when it comes to business decisions, mistakes outweight smart moves. In other words, there’s no point coming up with one brilliant idea if you make ten mistakes right after.


Crypto.com certainly made more mistakes than the other three. Binance only made one mistake (Terra Luna) but it was damn near lethal. Coinbase and Nexo seem to be treading more carefully.


So who’s gonna win?



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com, Nexo or Binance

Use this link to get free diamonds use my CoinmarketCap code.

You can’t stake Bitcoin, but you can still earn decent APY with these two apps

I know a guy who says he doesn’t want bitcoin because “I can’t stake them” – that’s what he said – and so he’d rather own proof-of-stake coins and tokens he can stake. Fair enough. However, I firmly believe that nothing beats Bitcoin, and probably nothing ever will, he says other cryptocurrencies are better. And so I told him to sell his BTC “so I can buy it”.


But that got me thinking, surely there must be platforms where you can earn interests on your BTC with stake-like APYs. I can think of at least two: Wirex and Nexo.


I’m gonna start with Wirex because that’s the app I’m a bit more familiar with. It was launched by two Russian IT specialists in 2014 and for a few years, it was basically the only exchange that offered crypto debit cards before it was popular. It must be said that they’ve had more than their fair share of trouble with the cards a few years ago even though it wasn’t entirely their fault. I still remember the moment: I was having a pint in my favourite pub and got a text saying that my VISA card would be terminated ‘effective immediately’ # panik. The next day, after a little bit of digging, I found out that VISA had decided to abruptly cut every tie with the bank that Wirex and other providers (including platforms outside of the crypto space) were using to issue the cards. I’m not gonna tell you the name of the bank that pissed VISA off for two reasons. One, I don’t actually remember, and two, it doesn’t really matter.


Anyway Wirex is still alive and kicking, still offering debit cards (but it’s on the Mastercard circuit now), and offering up to 10-14% APY on Bitcoin if you opt to have your interest paid out in their own token called WXT, operating on the Stellar blockchain and the Ethereum blockchain.


The other app is Nexo. I’m not as familiar with Nexo as I’ve only been using it for a few weeks but they offer up to 12% interest on Bitcoin if you hold at least 10% of your portoflio in their own token, called NEXO (duh), and opt to have your interest paid out in NEXO. Sorry I said Nexo like a thousand times.


I’ll leave both links here, you can use them to get a $25 bonus sign-up bonus on Nexo (paid in BTC, top up your account $100 or more and hold for at least 30 days, any currency including stablecoins), and a $15 sign-up bonus on Wirex (paid in WXT, top up your account $100 or more in crypto). Hopefully that helps. Cheers.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code