Our comprehensive review of Crypto.com uncovers the features and functions that make it a prominent choice for crypto traders to trade cryptocurrency in the market. This crypto.com review uncovers the trading platform’s strengths so traders, new and experienced, can delve into the services offered by Crypto.com without hesitation.
Key Takeaways
- Advanced security, cold storage, and insurance for user assets.
- Intuitive mobile app and a web interface for all traders.
- Access over 250 cryptocurrencies for diverse trading options.
- 24/7 customer support via live chat, email, and social media.
- Educational resources to guide users and keep them informed.
Crypto.com Overview
| Details | Information |
|---|---|
| Official Website | https://crypto.com/ |
| Headquarters | Hong Kong |
| Found in | 2016 |
| Own Native Cryptocurrency Token | Yes |
| Listed Cryptocurrency | 250+, but varies country-wise |
| Trading Pairs | 300+ |
| Supported Fiat Currencies | 20+ |
| Supported Countries | 90+ |
| Minimum Deposit | Approx $200, varies for various currencies |
| Deposit Fees | Free |
| Transaction Fees | Low |
| Withdrawal Fees | Varies with the type of cryptocurrency |
| Application | Yes |
| Customer Support |
Our Take On Crypto.com Crypto Exchange
Crypto.com is a global leader offering trading, staking, and a user-friendly app. Despite recent concerns about fees, its security and innovative features in DeFi and NFTs make it a solid choice for users seeking a versatile platform.
Crypto.com Pros and Cons
| Pros | Cons |
| Easy money conversion technique. | Lacks availability of coins in some countries. |
| Crypto.com Visa card with generous cashback rewards. | Poor navigation. |
| Earn crypto interest. | High staking requirements. |
| No annual or ATM fees. | Limits on certain crypto withdrawals. |
| Short lead time. | Better customer service. |
| Crypto.com Visa Card requires no monthly maintenance charge. |
Crypto.com Key Features and Services
Crypto.com offers services to traders that make the platform a prominent player in the cryptocurrency world. Established as a one-stop platform for providing services vital for traders in the crypto ecosystem, the following are services that integrate the benefits of the crypto.com exchange market onto the platform:
Crypto.org Chain
Crypto.org Chain is a consumer-based cryptocurrency service based on the Tendermint protocol. The Chain service aims to empower the expanding suite of crypto products. The interface is highly beginner-friendly, removing all the complications of blockchain to use crypto assets and smart-based products effectively. With Crypto.org Chain, users can earn two kinds of rewards:
Block Rewards
Rewards are made to add new blocks to the blockchain and validate crypto transactions.
Transaction Bonus
These rewards are paid when a validator adds over 66 percent of the pre-commits from different validators in the new blocks they create. This is supposed to provide additional incentives to the users for improved networking and cut down empty block proposals.
Pay For Business
Crypto.com Pay for Business is another payment service that enables users to pay with over 15 DeFi tokens, like BTC, USDC, ETH, CRO, LTC, and many more. With this service, you can receive gift cards from more than 300 brands in over 30 countries. You can shop from leading retailers online, like BC VAULT, Ledger, Coinzilla, and Travala.com.
You can earn rewards based on the category you choose to pay. For instance, if you pay for food and beverages, you get a premium of 10%, which is above the average industry rate of 5%.
Cronos Integration
The Crypto.com cryptocurrency exchange supports the scalable EVM-compatible chain developed by the people at Crypto.org. Cronos supports the following tokens:
- CRO
- ETH
- WBTC
- USDC
- USDT
- DAI
The EVM Chain Cronos runs parallel to the Crypto.org chain and helps the DeFi infrastructure by assisting developers to port trading apps from EVM-compatible chains and Ethereum. With Cronos on board, Crypto.com users can enjoy the following:
- EVM Compatibility
- Scalability
- Ability to work with various Blockchains
Security and Regulation
- SOC2 Type 1 Compliance
- PCI:DSS 3.2.1 Level 1 compliance
- ISO/IEC 27001:2013
- ISO/IEC 27701:2019
- ISO 22301:2019
- Singapore Data Protection Trust Mark
Crypto.com prioritizes the safety of user assets by implementing advanced security measures, including multi-factor authentication (MFA), cold storage for funds, and encryption protocols. The platform complies with industry-leading regulations and ensures transparency through regular audits. As a trusted platform, Crypto.com is licensed in various jurisdictions, adhering to local and global regulatory frameworks. These efforts safeguard users while providing a secure environment for cryptocurrency trading and transactions.
Trading Platform and Tools: Experience
The diverse range of Crypto.com exchange products is for customers and traders to explore, ranging from mobile-friendly trading, NFT marketplace, cards, crypto reward schemes, and more.
Crypto.com App
According to many crypto.com review platforms, the app is one of the best digital asset products, which enables investors to invest money in cryptocurrency exchanges effectively and efficiently. Here are a few features of the Crypto.com app that you must not miss:-
- Earn Rewards: Up to 12% on Stablecoins, 6.5% on crypto.
- Metal Visa Card: Enjoy up to 8% cashback.
- Extensive Crypto Options: Buy/sell 100+ cryptos with no hidden fees.
- Instant Loans: Quick cash for spontaneous moves.
- Easy Transactions: Seamlessly trade Ethereum, Bitcoin, and more.
Account Types
Crypto.com offers a variety of account types tailored to different user needs, ensuring accessibility for both beginners and seasoned cryptocurrency traders. Below are the primary account categories available:
- Basic Account (Starter Account)
- Advanced Account (Pro Trader Account)
- Crypto Earn Account
- Crypto Visa Card Account
- Institutional Account
Account opening process
1. Go to Crypto.com Exchange, click “Sign Up,” and enter your email and password.
2. Follow the on-screen instructions and provide us with the necessary information. Check your inbox and click the verification link sent to your email. Users must be at least 18 years old.
3. Click on the Continue button. An email verification containing a one-time password (OTP) will be sent to your registered email. Check your inbox to confirm your registration.
4. Enter the OTP on the Exchange website.
5. Create your password for the Exchange and click Submit.
6. The last step is to verify your phone number. Select the area code of your country using the dropdown, then input your phone number (without the area code). You will be sent an SMS verification code to enter. Input the code you receive into the field, then select Submit.
7. You’re done! You will be redirected to the Exchange landing page.
Cryptocurrencies Available on Crypto.com
Crypto.com supports more than 350 currencies for spot trading, with a subset supported for staking.
Crypto.com supports more than 20 fiat currencies, including AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD, and ZAR.
Crypto.com has recently added more currencies to the basket – SAR – Saudi Riyal, BRL – Brazilian Real, and TRY – Turkish Lira.
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Also, here are all the supported cryptocurrencies you can currently use to buy and sell, bank or wire transfer, and store from the Crypto.com app –
- BTC
- LTC
- ETH
- CRO
- ENJ
- BAT
You can check the complete list of supported cryptocurrencies on the official website.
Exchange Commission and Fees
Trading crypto on the Crypto.com website or app could be economical and affordable, depending on how the traders deposit money into their Crypto.com account.
Deposit and Withdrawal Fees
If users deposit crypto in a Crypto.com account, no deposit fee is charged, but if investors withdraw crypto, account fees are charged depending on the cryptocurrency. For instance, in the case of Bitcoin, the withdrawal fee is 0.0004 BTC, whereas, for Crypto.com Coin, it is 100 CRO. These fees are below the average industry fees.
Maker/Taker Fees
Check the below maker-taker fee structure to know fees as per 30-day trading volume: –
For Regular Clients
| Level | 30d Trading Volume (USD) | Maker Fee % | Taker Fee % |
|---|---|---|---|
| Level 1 | $0 – $25,000 | 0.4% | 0.4% |
| Level 2 | $25,001 – $50,000 | 0.35% | 0.35% |
| Level 3 | $50,001 – $100,000 | 0.15% | 0.25% |
| Level 4 | $100,001 – $250,000 | 0.1% | 0.16% |
| Level 5 | $250,001 – $1,000,000 | 0.09% | 0.15% |
| Level 6 | $1,000,001 – $20,000,000 | 0.08% | 0.14% |
| Level 7 | $20,000,001 – $100,000,000 | 0.07% | 0.13% |
| Level 8 | $100,000,001 – $200,000,000 | 0.06% | 0.12% |
| Level 9 | $200,000,001 and above | 0.04% | 0.1% |
For VIP Tiers
| Tier | 30d Trading Volume (USD) | Maker Fee % | Taker Fee % |
|---|---|---|---|
| VIP 1 | > 1% of exchange volume | 0.020% | 0.040% |
| VIP 2 | > 2% of exchange volume | 0.010% | 0.030% |
| VIP 3 | > 3% of exchange volume | 0.000% | 0.020% |
Trading Fees
Generally, trading fees refer to the percentage charged on the value of a trade order. Crypto.com exchange platform charges both takers and makers 0.40 percent for every trade. The fees are significantly above the average industry fees. However, it offers discounts based on the trade volume. More crypto trades imply lower fees!
Staking Benefits and Discounts
Staking crypto refers to locking up crypto coins for a period from which people earn interest. The staking rate varies depending on the duration of the staked coins. On the Crypto.com account, the higher the CRO you stake, the higher the discount rates. Additionally, if you stake more than 500,000, you could earn another 2% on your crypto holdings.
Customer Support
Crypto.com customer support is available via a help page, email, and live chat. There is no phone support for Crypto.com customers. While customer service is available by email and chat, several users report slow responses and a lack of help resolving account problems.
Research and Educational Resources
At Crypto.com, we believe that informed decisions are the cornerstone of successful investing and trading in the cryptocurrency space. To help our users stay ahead of market trends, we offer a comprehensive range of research and educational resources designed for both beginners and advanced traders.
Top Perks of Crypto.com
According to many Crypto.com reviews, crypto.com boasts various features and products for the avid trader. Among these perks are services that cater to enhancing the trading experience of crypto users around the world. Different fees account for the prices traders pay to access these services, and they are not expensive compared to other top crypto exchanges that charge hefty fees.
Here are a few top perks crypto.com users can enjoy:
| Perks | Details |
|---|---|
| One-stop Shop | Access diverse services, trade, and use DeFi wallets with a Crypto.com Visa card. |
| Low Fees | No account fees, genuine costs for transactions, and reduced card fees after 30 days. |
| Easy Conversion | Effortless fiat-to-crypto conversion with low fees, and country-dependent trade limits. |
| Cashback Cards | Choose from five Visa Cards with cashback benefits based on CRO stake. |
| Earn Interest | Buy crypto to earn high interest rates, up to 14% with staking; note associated risks. |
NOTE: Crypto.com offers many perks other than providing the Cronos CRO token. The more CRO tokens you invest with Crypto.com, the more benefits you will enjoy.
Crypto.com NFT
Non-fungible tokens or NFT refers to the class of crypto assets where every token or item is unique. This makes the popular tokens useless as currencies but valuable in other ways, like crypto art. Every non-fungible token is exclusive; hence, they are irreplaceable with other cryptocurrency assets.
Crypto.com’s NFT is the sole NFT market based entirely on the Crypto Blockchain. This is one of the best crypto-related products ever created by Crypto.com. Users can search for curated collectibles that can be converted to NFTs. The exchange works with many famous artists, creators, and brands; some items have been tagged as editions.
Crypto.com Metal Visa Cards
Crypto.com offers another excellent product, the MCO Visa Card. They are designed to link the benefits of debit/credit cards with that of cryptocurrencies. These metal cards were developed in 2018 with the following features:
- MCO Visa card allows buying, selling, storing, spending, and trading cryptos parallelly with fiat currency.
- No fees on ATMs or crypto withdrawals.
- Tap & Pay feature.
- Very low balance requirements and no annual fees.
- 5% cash back on overseas and local spending without any maximum spending.
- Free shipping.
- 100% rebate on purchases for standard Netflix and Spotify subscription plans.
- 10% cash back on Expedia and Airbnb.
- Visa Cards support seven cryptocurrencies and fiat currencies, including USD, ETH, and BTC.
Crypto.com Pay
Crypto.com Pay was developed to empower crypto traders and businesses to accept cryptocurrency payments. No processing fees are on payments made on cryptocurrency transactions, but a 0.5 percent fee is charged on payments made through fiat currency.
This comes at an enormous 80 percent discount if you check other popular payment processors. WooCommerce and Ledger’s stores accept payments through this product. Moreover, it has the following notable features –
- Several forms of crypto trading are possible on this product, including derivatives trading, margin trading, spot trading, decentralized token swaps, and OTC trading.
- It is integrated with other websites with additional benefits.
- Runs several campaigns like trading quizzes, contests, and promotions about distributing free crypto to participants.
- This exchange launched its blockchain that emphasizes privacy, speed, and additional economic incentives. However, the blockchain is still under the test-net phase.
Crypto.com Crypto Earn
With Crypto Earn, users may deposit any cryptocurrency they choose, and it gives them different interest rates depending on how long they want to stake it for. The features and details related to crypto.com earn is given below:
| Features | Details |
|---|---|
| Deposit Currency | Any chosen cryptocurrency |
| Difference from CRO Staking | Deposits in CRO are separate from CRO staking |
| Interest Calculation | Fluctuates based on the time length of staked coins |
| Interest Payment Currency | Paid in staked crypto, not fiat currency like USD |
| Availability | Not approved in Hong Kong, Sar, Malta, and Switzerland; unavailable in certain jurisdictions |
| Terms Offered | 1-month, 3-month, and flexible periods |
| Interest Rates for $50,000 CRO | Stake Higher rates with an additional 2% earnings |
Crypto.com Exchange
Crypto.com Exchange offers a very user-friendly trading platform with affordable costs, sophisticated trading tools, and a variety of fiat on-ramps. The features and details are as follows:-
| Features | Details |
|---|---|
| Launch Year | 2019 |
| Supported Cryptocurrencies | Bitcoin, Ethereum, Litecoin, EOS, XRP, CRO, MCO, Stellar Lumens, Stablecoins, and various tokens |
| Special Features | Economical trading fees, deep liquidity, institution-level security, and special rates for CRO tokens |
| Syndicate Platform | Operates a fundraising platform allowing CRO holders to purchase tokens at discounted rates |
| Trading Fee Discount | Users can get up to a 100% discount on trading fees based on CRO staking and 30-day trading volume. |
| Throughput Increase | Improved Order Management System and Matching Engine increased throughput by ten times. |
| API and REST Integration | Unified Websocket API and REST for a user-friendly experience. |
| Risk Management | Robust risk engine with high derivatives trading leverage margin in margin trading |
| Authenticator Verification Levels | Basic: Requires name, phone number, and email Advanced: Requires submission of identity documents. |
| Withdrawal Limits | No limits on deposits; Bitcoin withdrawals are limited to 100 BTC at a time |
Crypto.com DeFi Wallet
Introducing the Crypto.com DeFi Wallet – your gateway to decentralized finance with unparalleled security and control over your crypto assets. Built on the Ethereum network, this non-custodial wallet prioritizes trust, usability, and transparency.
- Secure Custody & Control: Enjoy maximum security and complete control over your cryptocurrency holdings.
- Non-Custodial Wallet App: Send cryptocurrency swiftly at your preferred network speed without compromising on security. No KYC is required.
- DeFi Swap: Empower your trading experience with the DeFi Swap feature. Swap and stake DeFi coins while leveraging DeFi protocols and benefiting from CRO-powered incentives.
- Decentralized Protocol: Explore the innovative decentralized protocol on the Ethereum network. Swap ERC-20 and ETH tokens seamlessly with a user-friendly interface.
- Stake CRO for Rewards: Multiply your rewards by staking CRO. Earn over 20 times more rewards by participating in the staking program.
The Crypto.com DeFi Wallet is your all-in-one solution for secure and rewarding decentralized finance.
Crypto.com Review: Our Conclusion
In this review of Crypto.com, we discussed how using the Crypto.com cryptocurrency platforms makes spending and trading in crypto exchanges super easy. It is one of the most beginner friendly crypto trading platforms under the best crypto exchange list. New traders can also learn from Crypto.com’s educational resources on their web pages.
It uses services other cryptocurrency exchanges offer, such as DeFi Swap, Crypto Wallet, Exchange, Earn, Lending, Spot Trading, and Staking, and provides 100% cold storage security. All these make Crypto.com a unique one-stop shop for all the best crypto exchanges.
FAQs on Crypto.com Crypto Exchange
Is Crypto.com Legit?
Yes, Crypto.com is a perfectly regulated and secured financial platform, making it legit. US clients’ fiat balances are insured by FDIC for up to $250,000, providing safety and assurance of user or corporate funds on this platform. There is no record of thefts or hacks on the Crypto.com website or app.
Is My Money Safe On Crypto.com?
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Yes, the assets safety measures on Cryto.com include 2FA or two-factor authentication and 100% cold storage. The exchange is partnered with Ledger, a top hardware wallet provider. It has 2013:ISO IEC 27701 and ISO IEC 27701:2019, Level 1 regulatory compliance.
Is Crypto.com Coin A Good Investment?
Yes, cryptocurrency investing on Crypto.com is suitable for everyone willing to spend, store, trade, and save crypto. The fees are lower than the average industry rates. The platform has many cryptos to offer, including CRO coins. The more coins you stake in your investment accounts, the more benefits you enjoy.
Is Crypto.com Trustworthy?
Yes, with track records of secure operations, regulatory compliance, and a user-friendly interface, Crypto.com is considered trustworthy, making it a very reputable platform for cryptocurrency enthusiasts and investors.
Is Crypto.com Safe?
Yes, Crypto.com ensures a very secure environment for crypto transactions as it prioritizes user safety with robust security measures, including two-factor authentication and cold storage for digital assets.
How To Withdraw Money From Crypto.com
Navigate to the app’s “Withdraw” section, select the desired cryptocurrency, input the withdrawal details, and confirm the transaction. Ensure you have sufficient funds and follow the platform’s security measures for a seamless withdrawal process.
Is The Crypto.com Card Worth It?
Yes, being exceedingly beginner-friendly, Crypto.com’s trading platform is easy to exchange, acquire, and spend crypto. Anyone can access services like Defi crypto wallet Send and Swap, Staking, Pay, Earn, Lending, and many more with the Crypto.com card. Crypto.com allows users to buy cryptos at exchange rates without charging additional fees.
DISCLAIMER: This evaluation takes into account the price, features, customer service, convenience of use, and other particular aspects of the product. Note that there are risks associated with investing in cryptocurrencies, and that every person’s experience is different.