Founded in 2016, Crypto.com has grown into a fully-fledged and well-known international cryptocurrency hub in a few short years. It’s crypto ecosystem consists of Crypto.com App, Crypto.com Exchange, Crypto.com DeFi swap and Wallet, Crypto.com Pay, Crypto Earn, Crypto Credit, and many other services. Crypto.com works with regulatory institutions all over the globe, and aims to bring you the most convenient way to buy, sell, trade and spend cryptocurrencies. The Crypto.com App allows users to buy over 100 top cryptocurrencies at true cost, earn high interest on their crypto, manage their Crypto.com Visa Card, and easily make crypto payments, among many other rewarding features. The company Crypto.com DeFi Wallet is non-custodial, so users can have full control of their private keys.
Crypto.com review: key features
- Spend cryptocurrency with its well-known Crypto.com Visa Card and get up to 8% back on spending.
- Crypto.com App – Buy over 100 cryptocurrencies at true cost and manage the Crypto.com Visa Card, which allows users to pay for daily purchases with crypto.
- Crypto Earn – Deposit crypto and earn up to 8% (up to 14% for stablecoins), paid weekly in your deposited crypto.
- Crypto Credit – Secure crypto loan with up to 50% LTV.
- Crypto.com Exchange – Trade top cryptocurrencies with deep liquidity, the best execution prices, and the lowest maker and taker fees in the industry. You can also refer a friend to the Exchange, and get up to a USD 2,000 referral bonus and a 50% commission on their trading fees for a year.
- Crypto.com NFT – Users can access exclusive NFT collections by A-list artists, musicians, athletes, and brands by signing up to Crypto.com NFT. The user-friendly platform allows users to buy NFTs using just their credit/debit card, and sell collectibles in the Marketplace, where bidding starts at just USD 0.
- The Syndicate – Crypto.com Exchange traders can access The Syndicate and buy top cryptos like BTC, DOT, and ZIL at up to 50% off.
- Supercharger – Crypto.com App and Crypto.com Exchange users can deposit CRO into the Supercharger pool and earn popular DeFi tokens as rewards. The reward allocation is calculated every day during the Charging Period and is based on the liquidity provided by the user.
- DeFi Swap – It is a fork of Uniswap V2 and allows users to swap and farm DeFi coins at the best available rate. They can also connect to and safely store their crypto in the Crypto.com DeFi Wallet.
- DeFi Earn – Users are able to receive the best returns by depositing their tokens into the protocol with the highest APY at the time of the deposit. It’s currently integrated with Aave Lending V2, Yearn Earn V2, Compound, Cosmos Staking, and native CRO Staking.
- Crypto.com Price – Crypto.com’s price page provides an easy way for users to track on the latest token prices, market movement, market capitalization ranking, and token information.
Pros
Earn USD 50 exchange sign-up bonus when you useCryptonews’ referral code (see above) Low fees Ability to buy and sell crypto with fiat, credit/debit card, or cryptocurrency Regulated and trustworthy platform Beginner-friendly
Cons
Some geo-restrictions apply Crypto.com App is centralized Crypto.com exchange is not available to U.S. residents
Supported countries
Crypto.com is a fully regulated crypto company, meaning that it complies with all necessary financial and risk-prevention regulations. As a result, you won’t be able to use its services, be it the App or Exchange, anonymously. Currently, Crypto.com is available in most countries, including the United States, Europe, Canada, Australia, Russia, Latin American countries, and some Asian and African states.
Upon registration, you will be asked to verify your identity. You will need to provide the platform with your:
- Full legal name
- Picture of a government-issued ID
- Selfie as proof of liveness
In order to get a Crypto.com Visa card, you will also need to verify your residence address with a recent (not older than 3 months) utility bill. It can take up to 3 business days to get your account verified.
Crypto.com fees
Crypto.com is on the lower end when it comes to trading fees for centralized exchanges. Though different products are priced differently, it is one of the best fiat-to-crypto gateways in the crypto industry.
Crypto.com App fees
In our experience, the Crypto.com App is by far the easiest way to buy, sell, send, receive, exchange, and pay with crypto via Crypto.com. The app lets you deposit cryptocurrencies free of charge, allows free crypto to crypto exchanges, and supports free transfers to the Crypto.com Exchange and DeFi Wallet.
However, it charges a fee for crypto withdrawals to an external address which differs based on cryptocurrency being withdrawn.
Crypto.com Exchange fees
The Crypto.com Exchange charges trading and withdrawal fees. The trading fees are based on your 30-day trading volume, where get more discounts as your trading volume increases. You also have the option to stake CRO tokens and pay your trading fees with CRO. The more CRO you stake, the bigger your trading discount. As a bonus, you will get 10% p.a. earnings on your CRO stake. All you need to do is stake at least 5,000 CRO and pass KYC verification to earn trading fee rebates.
Crypto.com DeFi Swap fees
Unlike the App or Exchange, Crypto.com DeFi Swap allows you to connect your personal Ethereum wallet for simple and effortless ERC-20 token swaps. Typically, you will pay 0.3% fees to liquidity providers to support the running of smart contracts. You can connect Defi Swap to your Crypto.com Defi Wallet account. When transferring crypto on the Ethereum network, you will have to pay gas fees.
Crypto.com design and usability
Crypto.com is a beginner-friendly crypto ecosystem that makes it super easy to acquire, exchange, and spend crypto. Besides, anyone can make use of its other crypto services like the Exchange, DeFi Swap and DeFi Wallet, staking, Earn, Pay, and Lending.
Crypto.com App
The easiest way to access Crypto.com’s services is by downloading its mobile app. It lets you buy and sell cryptocurrencies, exchange fiat currencies, manage your Crypto.com Visa Card, access Crypto Earn and Crypto Credit, make purchases with crypto, and much more.
It also lets you track your portfolio, send coins to the Crypto.com Exchange, withdraw cryptocurrencies to external wallets, as well as manage deposits to the platform. Overall, Crypto.com App is like a Swiss army knife for crypto – it acts as your personal finance center for both fiats and cryptocurrencies.
Security measures
Crypto.com practices a “Defense in Depth†culture, which means that security processes are embedded into all aspects of its business. As a result, the platform is one of a few crypto platforms that have not been hacked yet.
On the service side of things, Crypto.com keeps 100% of its user funds in offline cold storage. The security solution is in partnership with Ledger, and utilizes its institutional-grade custody solution Ledger Vault, which leverages technologies like hardware security modules (HSM) and multi-signature keys.
Bottom Line
Crypto.com is a beginner-friendly crypto trading platform that makes it super easy to acquire, exchange, and spend crypto. Besides, anyone can make use of its other crypto services like the Crypto.com Exchange, Crypto.com DeFi Swap and Wallet, Crypto Earn, Pay, which makes it an excellent one-stop-shop for all-things-crypto.
