Crypto.com is acknowledged as one of many prime cryptocurrency exchanges based on CoinMarketCap, due to its spectacular buying and selling quantity, various 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 evaluation, you’ll study the platform’s professionals and cons, discover its numerous 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 resembling spot, margin buying and selling, and derivatives contracts.
- Crypto.com is greatest for customers looking for 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 Assessment: At a look
| Based | 2016 |
| Headquarters | Singapore |
| Trading 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 Belongings | Over 350 cryptocurrencies and 580 buying and selling pairs |
| Native Token | Cronos (CRO) |
| Trading 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 fee strategies |
| Licenses | FinCEN, ASIC, and different worldwide authorities |
| Buyer Help | E mail, dwell chat, and assist middle |
| 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 presents a number of buying and selling markets, together with spot, margin, and crypto derivatives contracts.
You’ll be able to 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 numerous cryptocurrencies.
The change emphasizes safety, holding the very best safety certifications within the trade, resembling 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 could full a registration course of with KYC verification.
Crypto.com Alternate presents aggressive charges, beginning at 0.15% per commerce, with reductions obtainable for high-volume merchants and people staking CRO, the platform’s native token. It’s also the greatest crypto staking platform with APYs as much as 20% on crypto holdings. Obtainable globally, it’s accessible through desktop and cell apps, making it appropriate for each newbie and superior merchants.
Crypto.com Professionals
- It helps greater than 350 totally different digital belongings for buying and selling
- Earn as much as 20% APY on staked cryptocurrencies
- Chilly storage for 100% of consumer belongings and has an insurance coverage coverage
- It presents a whole ecosystem, together with DeFi providers, an NFT market, and the flexibility to earn rewards
- Crypto.com Visa cardholders can earn cashback in CRO tokens
- Trading bots for automated buying and selling methods
Crypto.com Cons
- Larger buying and selling and withdrawal charges in comparison with exchanges like Binance and Bybit
- Some options, resembling margin buying and selling, are unavailable to U.S. residents
- Decrease leverage within the derivatives market in comparison with rivals
Cryptocurrencies Obtainable on Crypto.com
Crypto.com presents about 350 cryptocurrencies and round 580 buying and selling pairs. This vary contains widespread cash like BTC, ETH, and XRP, in addition to stablecoins resembling Tether (USDT) and USD Coin (USDC). The platform additionally helps many new and area of interest tokens.
You will discover numerous crypto-to-stablecoin pairs, resembling 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 presents tokens in particular sectors. This contains NFT tokens, metaverse cash for digital worlds, and Actual World Belongings (RWAs) that join conventional finance and blockchain. Plus, You’ll be able to uncover numerous DeFi tokens and tokens associated to good contracts like APT and SOL.
Crypto.com Options Assessment
Crypto.com App
The Crypto.com App is a cell app obtainable for each Android and iOS gadgets. It’s a central software for managing cryptocurrency. It lets you 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 embrace a fiat pockets for straightforward conversion between fiat foreign money and crypto and a worth observe perform that helps you monitor market costs with real-time alerts. The app can be superb for anybody trying to handle a various portfolio whereas additionally utilizing crypto for funds and investments.
Derivatives and Margin Trading
For these involved in buying and selling with superior instruments, derivatives, and margin buying and selling can be found on the Crypto.com Alternate.
Derivatives buying and selling lets you 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 accessible 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 presents a wide range of different order sorts, resembling stop-loss, take-profit, and OCO restrict orders to reinforce buying and selling methods.
NFT Market
Crypto.com NFTs are one other necessary characteristic for merchants. You’ll be able to buy, promote, and commerce non-fungible tokens (NFTs) instantly on the positioning.
You will discover a various number 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 resembling 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 presents a technique to spend crypto in the true world. This pay as you go card lets you convert and spend cryptocurrency at over 60 million retailers worldwide that settle for Visa.
Cashback rewards, referred to as 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 gorgeous possibility for these trying to seamlessly combine cryptocurrency into their day by day bills.
The Crypto.com card is available in totally different kinds with variable reward tiers and advantages. Verify the given picture under.
DeFi Pockets
The Crypto.com DeFi Pockets is a non-custodial crypto pockets. It offers 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 means, with out counting on a government.
You should utilize the pockets for numerous decentralized finance (DeFi) actions like staking, swapping tokens, and lending throughout a number of blockchains. You’ll be able to even swap tokens between totally different networks (cross-chain swaps), which makes managing a number of crypto belongings simpler.
Not too long ago, the DeFi Pockets additionally added leveraged perpetual contracts. This characteristic permits you to commerce with as much as 100x leverage, instantly inside the app.
Crypto.com Charges
Crypto.com presents 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 charge per transaction, and customers who stake CRO are eligible for extra 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 Trading Quantity (USD) | Maker Payment | Taker Payment |
| 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 inside the app ecosystem or depositing cryptocurrency, Crypto.com doesn’t impose charges. When shifting funds to exterior wallets, withdrawal charges do apply and so they differ based on the coin and blockchain community.
For example, 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 charge particulars right here.
Crypto.com Safety Assessment: Is It Secure & 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 consumer digital currencies in chilly storage, vastly decreasing the hazard of hacking.
Crypto.com additionally employs cutting-edge know-how, resembling {hardware} safety modules (HSMs) and multi-signature keys. Which means that 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 harm, and even sure third-party dangers.
It additionally takes further precautions with consumer accounts by providing two-factor authentication (2FA). The platform additionally incorporates real-time menace monitoring, constantly scanning for suspicious actions and potential vulnerabilities.
On the regulatory facet, Crypto.com operates underneath a number of worldwide licenses. In the US, it’s regulated by FinCEN (Monetary Crimes Enforcement Community), and it holds licenses resembling:
- Dubai Digital Belongings Regulatory Authority
- Digital Cash Establishment (EMI) license in Europe
- Australian Monetary Companies License (AFSL)
- Class 3 VFA license by Malta Monetary Companies Authority (MFSA)
- Digital Asset Service Supplier in France
Buyer Service and Trading Expertise
The customer support is mostly supportive and useful. Help is accessible via e mail, dwell chat, and a assist middle. You will discover solutions to frequent questions within the assist middle. This makes it simple to resolve easy points rapidly.
The buying and selling expertise on Crypto.com can be user-friendly. The app is simple to navigate. The format is customizable and the platform presents options like spot buying and selling and margin buying and selling. Crypto.com additionally receives optimistic opinions from prospects, with a 4.4/5 ranking on the Play Retailer and a 4.6/5 ranking on the App Retailer.
Tips on how to Open a Crypto.com Account
- Obtain the app and create an account: Try the Apple App Retailer or Google Play Retailer. Obtain “Crypto.com” by trying to find it. Choose “Sign Up”. You’ll need to set a powerful password and enter your e mail deal with.
- Full the KYC: You now need to show who you might be. Enter your deal with, identify, and birthdate. As well as, you could present a selfie for verification together with an identification doc, resembling a passport or driver’s license.
- Deposit cryptocurrency or fiat foreign money: 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 Trading Crypto: You can begin buying and selling cryptocurrencies as quickly as your account has been funded and established. It’s also possible to discover variables like market traits and worth charts to get extra info earlier than making a commerce.
Watch detailed tutorial: Crypto.com Tutorial | Full Newcomers Information on How To Set Every thing Up!
Crypto.com vs. Different Crypto Exchanges
Binance, Coinbase, and Bybit are the three prime alternate options to the Crypto.com change. Here’s a fast comparability:
| Function | 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+ |
| Trading Charges (maker/taker) | 0.15%/0.3% | 0.4%/0.6% | 0.1% | 0.10% |
| Trading Quantity | Common | Excessive | Very Excessive | Excessive |
| Leverage Trading | Sure | Restricted (solely in choose areas) | Sure | Sure |
| Most Leverage | 50x | As much as 5x | 125x | 100x |
| U.S. Availability | Restricted (not obtainable in New York) | Obtainable in all states | Separate Binance.us platform | Not obtainable |
Conclusion: Crypto.com Alternate Assessment
In a nutshell, this Crypto.com evaluation reveals a platform that stands out for its sturdy safety features, superior options, and user-friendly design. With help 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, resembling greater charges in comparison with rivals, the general worth it gives makes it a worthy consideration for anybody trying to interact in cryptocurrency buying and selling.
FAQs
Is Crypto.com obtainable in New York?
No, Crypto.com just isn’t accessible in New York. It’s the solely state within the US the place residents are unable to make use of the platform. The very 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 presents excessive safety for customers. It’s also appropriate for NFT merchants who wish to purchase and promote digital artwork and collectibles simply. These involved in incomes rewards also can profit from staking.
Moreover, individuals who wish to use cryptocurrency for day by 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 predominant 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, usually at a decrease charge than utilizing different cryptocurrencies. Plus, customers can entry unique rewards and advantages after they maintain CRO, resembling greater cashback rewards on the Crypto.com Visa card. The token can be traded on numerous exchanges, giving it good liquidity.
