Crypto.com is acknowledged as one of many high cryptocurrency exchanges based on CoinMarketCap, due to its spectacular buying and selling quantity, numerous options, and excessive liquidity. This platform gives many monetary merchandise, together with a cryptocurrency change, DeFi providers, and an NFT market. On this Crypto.com evaluate, you’ll be taught the platform’s professionals and cons, discover its varied choices, and discover out whether or not it actually lives as much as the hype.
Key Takeaways:
- Crypto.com is a well-liked crypto change app that gives buying and selling options comparable to spot, margin buying and selling, and derivatives contracts.
- Crypto.com is greatest for customers in search of prompt crypto purchase/promote choices on the app, buying and selling NFTs, and incomes excessive staking rewards.
- The Crypto.com App prices aggressive buying and selling charges of 0.15%/0.3% (maker/taker) for spot buying and selling and 0.02%/0.04% for futures buying and selling.
Crypto.com Overview: At a look
| Based | 2016 |
| Headquarters | Singapore |
| Buying and selling Options | Crypto purchase/promote, derivatives, margin, NFT market, Crypto.com Visa card, staking, DeFi swap, and extra |
| Fiat Currencies | AUD, CAD, EUR, GBP, USD, USDC, BRL |
| Supported Property | Over 350 cryptocurrencies and 580 buying and selling pairs |
| Native Token | Cronos (CRO) |
| Buying and selling Charges | 0.15% for maker and 0.3% for taker charges |
| Leverage | As much as 50x for derivatives and 5x for margin buying and selling |
| Safety Measures | 2FA, chilly storage, insurance coverage fund, regulatory compliance, ISO/IEC 27001:2013, and extra |
| KYC Necessary | Sure |
| Deposit and Withdrawal Strategies | Credit score or Debit Card, Financial institution Switch through SEPA, FPS, ACH, SWIFT, Apple Pay, Google Pay, and extra third-party cost strategies |
| Licenses | FinCEN, ASIC, and different worldwide authorities |
| Buyer Assist | E mail, dwell chat, and assist heart |
| Cellular App | Each iOS and Android |
What’s Crypto.com?
Crypto.com is a complete crypto platform designed for buying and selling cryptocurrencies. It helps over 350 belongings and affords a number of buying and selling markets, together with spot, margin, and crypto derivatives contracts.
You possibly can leverage as much as 5x on margin trades and 50x on futures contracts. The platform options greater than 580 buying and selling pairs, together with widespread ones like BTC/USDT and ETH/CRO, enabling a variety of transactions between varied cryptocurrencies.
The change emphasizes safety, holding the very best safety certifications within the business, comparable to ISO/IEC 27001:2013, and providing multi-factor authentication (MFA) and insurance coverage on belongings held in chilly storage. It additionally has the Crypto.com App, which has over 100 million customers globally. To begin buying and selling, you will need to full a registration course of with KYC verification.
Crypto.com Change affords aggressive charges, beginning at 0.15% per commerce, with reductions accessible for high-volume merchants and people staking CRO, the platform’s native token. It is usually the greatest crypto staking platform with APYs as much as 20% on crypto holdings. Accessible globally, it’s accessible through desktop and cellular apps, making it appropriate for each newbie and superior merchants.
Crypto.com Professionals
- It helps greater than 350 completely different digital belongings for buying and selling
- Earn as much as 20% APY on staked cryptocurrencies
- Chilly storage for 100% of person belongings and has an insurance coverage coverage
- It affords an entire ecosystem, together with DeFi providers, an NFT market, and the flexibility to earn rewards
- Crypto.com Visa cardholders can earn cashback in CRO tokens
- Buying and selling bots for automated buying and selling methods
Crypto.com Cons
- Increased buying and selling and withdrawal charges in comparison with exchanges like Binance and Bybit
- Some options, comparable to margin buying and selling, are unavailable to U.S. residents
- Decrease leverage within the derivatives market in comparison with rivals
Cryptocurrencies Accessible on Crypto.com
Crypto.com affords about 350 cryptocurrencies and round 580 buying and selling pairs. This vary contains widespread cash like BTC, ETH, and XRP, in addition to stablecoins comparable to Tether (USDT) and USD Coin (USDC). The platform additionally helps many new and area of interest tokens.
Yow will discover varied crypto-to-stablecoin pairs, comparable to BTC/USDT, ETH/USDC, and XRP/USDT and crypto-to-crypto pairs, together with BTC/ETH and DOT/BTC, offering flexibility for portfolio administration.
For these exploring area of interest markets, Crypto.com affords tokens in particular sectors. This contains NFT tokens, metaverse cash for digital worlds, and Actual World Property (RWAs) that join conventional finance and blockchain. Plus, You possibly can uncover varied DeFi tokens and tokens associated to sensible contracts like APT and SOL.
Crypto.com Options Overview
Crypto.com App
The Crypto.com App is a cellular app accessible for each Android and iOS units. It’s a central instrument for managing cryptocurrency. It means that you can commerce all widespread digital belongings like BTC, SOL, MATIC, ADA, and ETH.
Purchases might be made utilizing a linked checking account, debit, or bank card. The app additionally helps recurring buys, enabling you to automate cryptocurrency purchases at common intervals.
Further options embody a fiat pockets for straightforward conversion between fiat forex and crypto and a value observe operate that helps you monitor market costs with real-time alerts. The app can also be superb for anybody trying to handle a various portfolio whereas additionally utilizing crypto for funds and investments.
Derivatives and Margin Buying and selling
For these considering buying and selling with superior instruments, derivatives, and margin buying and selling can be found on the Crypto.com Change.
Derivatives buying and selling means that you can commerce perpetual contracts with as much as 50x leverage for BTC and ETH and 20x leverage for lower-cap altcoins like SOL, ADA, and CRO. Margin buying and selling is out there with as much as 5x leverage. It helps you commerce by borrowing funds from the platform.
These instruments include excessive danger however can amplify returns for seasoned merchants. The change additionally affords quite a lot of different order varieties, comparable to stop-loss, take-profit, and OCO restrict orders to boost buying and selling methods.
NFT Market
Crypto.com NFTs are one other essential function for merchants. You possibly can buy, promote, and commerce non-fungible tokens (NFTs) straight on the location.
Yow will discover a various collection of digital artwork from well-known artists and types. {The marketplace} additionally works with Crypto.com Pay. This implies you should buy NFTs utilizing cryptocurrencies comparable to CRO, Bitcoin, and Ethereum.
Moreover, NFTs might be maintained utilizing the Crypto.com DeFi Pockets. This gives flexibility for customers who take part in each the DeFi and digital artwork ecosystems.
Crypto.com Card
The Crypto.com Visa Card affords a technique to spend crypto in the true world. This pay as you go card means that you can convert and spend cryptocurrency at over 60 million retailers worldwide that settle for Visa.
Cashback rewards, often called CRO rebates, are provided on each buy, with as much as 5% again for customers who stake CRO. The cardboard additionally contains perks like airport lounge entry, which scales primarily based on the quantity of CRO staked. This makes it a beautiful choice for these trying to seamlessly combine cryptocurrency into their every day bills.
The Crypto.com card is available in completely different kinds with variable reward tiers and advantages. Verify the given picture beneath.
DeFi Pockets
The Crypto.com DeFi Pockets is a non-custodial crypto pockets. It provides you full management over your cryptocurrency. Not like the Crypto.com App, which manages your belongings for you, the DeFi Pockets permits you to maintain your individual personal keys. This implies you possibly can securely handle your belongings in a decentralized manner, with out counting on a government.
You need to use the pockets for varied decentralized finance (DeFi) actions like staking, swapping tokens, and lending throughout a number of blockchains. You possibly can even swap tokens between completely different networks (cross-chain swaps), which makes managing a number of crypto belongings simpler.
Just lately, the DeFi Pockets additionally added leveraged perpetual contracts. This function permits you to commerce with as much as 100x leverage, straight throughout the app.
Crypto.com Charges
Crypto.com affords aggressive charges, particularly for high-volume merchants and people staking CRO tokens. On the change, buying and selling charges start at 0.15% maker and 0.3% taker price per transaction, and customers who stake CRO are eligible for added financial savings. For the futures market, it prices 0.02% maker and 0.04% taker charges.
Here’s a fast overview of Crypto.com spot buying and selling charges for high-volume merchants:
| Stage | 30-Day Spot Buying and selling Quantity (USD) | Maker Charge | Taker Charge |
| Stage 1 | Lower than $50,000 | 0.1500% | 0.3000% |
| Stage 2 | $50,000 and above | 0.1000% | 0.2500% |
| Stage 3 | $250,000 and above | 0.0800% | 0.2000% |
| Stage 4 | $500,000 and above | 0.0700% | 0.1000% |
| Stage 5 | $1,000,000 and above | 0.0650% | 0.0690% |
| Stage 6 | $5,000,000 and above | 0.0600% | 0.0650% |
| Stage 7 | $10,000,000 and above | 0.0000% | 0.0500% |
When transferring belongings throughout the app ecosystem or depositing cryptocurrency, Crypto.com doesn’t impose charges. When transferring funds to exterior wallets, withdrawal charges do apply and so they differ based on the coin and blockchain community.
As an illustration, the 0.0005 BTC price for BTC withdrawals on the Bitcoin community might be excessive compared to sure different exchanges. Verify the full Crypto.com price particulars right here.
Crypto.com Safety Overview: Is It Protected & Legit?
Crypto.com has taken stringent safety measures to safeguard its customers’ funds and knowledge. A key element of their technique is to maintain all person digital currencies in chilly storage, vastly decreasing the hazard of hacking.
Crypto.com additionally employs cutting-edge know-how, comparable to {hardware} safety modules (HSMs) and multi-signature keys. Which means even when one layer of safety is breached, further safeguards are in place to guard funds. Moreover, the app has a $150 million insurance coverage protection that covers losses from theft, bodily injury, and even sure third-party dangers.
It additionally takes further precautions with person accounts by providing two-factor authentication (2FA). The platform additionally incorporates real-time menace monitoring, repeatedly scanning for suspicious actions and potential vulnerabilities.
On the regulatory aspect, Crypto.com operates underneath a number of worldwide licenses. In america, it’s regulated by FinCEN (Monetary Crimes Enforcement Community), and it holds licenses comparable to:
- Dubai Digital Property Regulatory Authority
- Digital Cash Establishment (EMI) license in Europe
- Australian Monetary Providers License (AFSL)
- Class 3 VFA license by Malta Monetary Providers Authority (MFSA)
- Digital Asset Service Supplier in France
Buyer Service and Buying and selling Expertise
The customer support is usually supportive and useful. Assist is out there via electronic mail, dwell chat, and a assist heart. Yow will discover solutions to widespread questions within the assist heart. This makes it straightforward to unravel easy points rapidly.
The buying and selling expertise on Crypto.com can also be user-friendly. The app is simple to navigate. The structure is customizable and the platform affords options like spot buying and selling and margin buying and selling. Crypto.com additionally receives constructive opinions from clients, with a 4.4/5 score on the Play Retailer and a 4.6/5 score on the App Retailer.
Open a Crypto.com Account
- Obtain the app and create an account: Take a look at the Apple App Retailer or Google Play Retailer. Obtain “Crypto.com” by looking for it. Choose “Sign Up”. You’ll must set a robust password and enter your electronic mail handle.
- Full the KYC: You now must show who you might be. Enter your handle, identify, and birthdate. As well as, you will need to present a selfie for verification together with an identification doc, comparable to a passport or driver’s license.
- Deposit cryptocurrency or fiat forex: To fund your Crypto.com pockets, hyperlink your checking account or use a debit or bank card. Moreover, you possibly can deposit cryptocurrency from different exchanges like OKX or Bybit.
- Begin Buying and selling Crypto: You can begin buying and selling cryptocurrencies as quickly as your account has been funded and established. You may as well discover variables like market traits and value charts to get extra data earlier than making a commerce.
Watch detailed tutorial: Crypto.com Tutorial | Full Freshmen Information on How To Set All the things Up!
Crypto.com vs. Different Crypto Exchanges
Binance, Coinbase, and Bybit are the three high options to the Crypto.com change. Here’s a fast comparability:
| Characteristic | Crypto.com | Coinbase | Binance | Bybit |
| Greatest For | Purchase/promote and crypto rewards | The U.S. Merchants | Excessive-volume crypto merchants | Derivatives and day merchants |
| Supported Cash | 350+ | 240+ | 400+ | 1200+ |
| Buying and selling Charges (maker/taker) | 0.15%/0.3% | 0.4%/0.6% | 0.1% | 0.10% |
| Buying and selling Quantity | Common | Excessive | Very Excessive | Excessive |
| Leverage Buying and selling | Sure | Restricted (solely in choose areas) | Sure | Sure |
| Most Leverage | 50x | As much as 5x | 125x | 100x |
| U.S. Availability | Restricted (not accessible in New York) | Accessible in all states | Separate Binance.us platform | Not accessible |
Conclusion: Crypto.com Change Overview
In a nutshell, this Crypto.com evaluate reveals a platform that stands out for its strong safety features, superior options, and user-friendly design. With assist for over 350 cryptocurrencies and a dedication to regulatory compliance, Crypto.com is well-suited for each novice and skilled merchants.
Whereas there are some drawbacks, comparable to increased charges in comparison with rivals, the general worth it gives makes it a worthy consideration for anybody trying to have interaction in cryptocurrency buying and selling.
FAQs
Is Crypto.com accessible in New York?
No, Crypto.com will not be accessible in New York. It’s the solely state within the US the place residents are unable to make use of the platform. One of the best crypto exchanges in New York are Coinbase and Gemini.
Who’s Crypto.com good for?
Crypto.com is an efficient selection for merchants who worth safety and regulatory compliance. The platform is licensed and affords excessive safety for customers. It is usually appropriate for NFT merchants who need to purchase and promote digital artwork and collectibles simply. These considering incomes rewards can even profit from staking.
Moreover, individuals who need to use cryptocurrency for every day transactions will discover Crypto.com handy, particularly with the Crypto.com Visa card.
What are the advantages of CRO tokens?
CRO tokens present a number of benefits for customers. One most important profit is the flexibility to earn staking rewards, which permits holders to earn curiosity on their tokens.
One other benefit is that CRO tokens can be utilized to pay transaction charges on the Crypto.com platform, typically at a decrease charge than utilizing different cryptocurrencies. Plus, customers can entry unique rewards and advantages once they maintain CRO, comparable to increased cashback rewards on the Crypto.com Visa card. The token will also be traded on varied exchanges, giving it good liquidity.
