Crypto.com is a modern and reliable cryptocurrency exchange known for its user-friendly interface and a wide range of services. It doesn’t just offer standard crypto trading but also includes tools and features that have helped it maintain a top position among global crypto exchanges in recent years.
Key features that often attract users include:
- Over 250 cryptocurrencies available for trading, including major coins and the platform’s native token, CRO.
- The Crypto.com Visa Card, which offers benefits like cashback, discounts, and lounge access.
- The Crypto.com Earn program, which allows users to earn interest on their crypto holdings.
- High-level security and insurance for user funds.
Although the desktop version has limited functionality compared to the mobile app, the platform remains a popular choice for both new and experienced users.
What Is Crypto.com?
Crypto.com is a cryptocurrency exchange that provides users with access to trading, investing, and payment solutions using digital assets. It supports a variety of financial services, making it more than just a typical trading platform.
Many users choose Crypto.com for its unique offerings:
- A diverse selection of over 250 cryptocurrencies.
- The ability to use the native CRO token for staking, trading fee discounts, and cashback rewards.
- A branded Visa card with perks like cashback, subscription reimbursements, and travel benefits.
- An integrated investment program (Crypto.com Earn) that enables users to earn weekly interest on their holdings.
One notable limitation is the desktop platform’s reduced functionality. Only a limited number of trading pairs are available on the desktop site, and some advanced tools are accessible only through the mobile app. Users accustomed to full desktop trading may find this restrictive.
Trading and Investment Options
Desktop Exchange
While the desktop version supports basic trading functions, it has limitations. Available features include margin trading with up to 10x leverage, perpetual futures trading with 50x leverage, and spot trading with a restricted number of pairs. It’s suitable for experienced traders who know exactly what they need.
Mobile Application
The mobile app offers the most comprehensive experience. It includes full trading capabilities, access to the Crypto.com Pay feature, card management, and the NFT marketplace. This makes the app the preferred way to interact with the platform.
Supported Cryptocurrencies
Crypto.com supports more than 250 cryptocurrencies. The available coins are known for their market stability and liquidity, making them suitable for both retail and high-volume traders.
24/7 Live Chat Support
Real-time customer support is available around the clock. The support team is knowledgeable and can assist with most user inquiries, contributing to a smoother user experience.
The CRO Token
CRO is the native utility token of Crypto.com. Holding and using CRO offers multiple advantages:
- Staking CRO can yield up to 10% annually, plus potential value appreciation.
- Paying trading fees in CRO qualifies users for discounts.
- Users can earn elevated cashback rates when using Crypto.com Pay or the Visa card.
- Subscriptions to services like Spotify and Netflix can be fully reimbursed.
- Discounts are available on travel bookings through Expedia and Airbnb.
- Using CRO in the Earn program can increase interest rates on other cryptocurrencies.
Earning with Crypto.com
Crypto.com Earn
This program allows users to earn interest on over 40 supported cryptocurrencies. Interest is paid weekly and can be reinvested. Staking CRO can further increase the yield on other coins.
Crypto.com Visa Card
Users can request a Visa debit card directly through the app. Card tiers and benefits depend on the amount of CRO staked. Benefits include travel perks, elevated cashback, and lounge access.
Crypto Credit
The platform offers crypto-backed loans with no credit checks. Users can borrow up to 50% of their collateral’s value and repay at any time without penalties. Using CRO as collateral can result in lower interest rates.
Crypto.com Pay
This service allows payments at online and physical stores using over 30 supported cryptocurrencies. Transactions may qualify for cashback, paid in CRO.
NFT Marketplace
Crypto.com has its own NFT platform where users can buy, sell, and trade non-fungible tokens.
Security and Insurance
Crypto.com was one of the first exchanges to secure direct insurance coverage for user funds. It partners with Lloyd’s Syndicate for a $100 million insurance policy. User assets are stored with Ledger Vault, and the total insurance coverage now amounts to $750 million.
This insurance covers:
- Third-party theft or hacking incidents.
- Physical damage to storage facilities.
- Other external threats beyond user control.
Note: Insurance does not cover losses due to user error, such as sharing private keys.
How Crypto.com Works
The platform is designed with a mobile-first approach. While the desktop site supports basic trading, advanced features like fiat deposits/withdrawals, card orders, and the NFT marketplace are only available on the mobile app.
The exchange encourages the use of its CRO token, which can be staked for discounts, rewards, and improved earnings.
Fee Structure
Crypto.com uses a competitive fee model. Here’s a breakdown:
Deposit Fees
- No fees for depositing crypto or fiat via bank transfer.
- Buying crypto with a debit or credit card incurs up to a 4% fee, although this is waived for new users within the first 30 days.
- Bank and network fees may apply depending on the user’s location and payment method.
Trading Fees
- Spot trading fees start at 0.4% for both makers and takers.
- Fees can be reduced based on 30-day trading volume or by staking CRO.
- Staking 5,000 CRO or more can qualify users for discounts of up to 90%.
Derivatives Trading Fees
- Fees begin at 0.050% for makers and 0.070% for takers.
- Volume-based discounts and staking benefits also apply.
Withdrawal Fees
- No fees for fiat withdrawals via bank transfer, except for USD SWIFT transfers, which cost $25.
- Crypto withdrawals incur network fees, which vary by asset.
Internal transfers between Crypto.com users are free.
Pros and Cons of Crypto.com
Advantages
- Support for 250+ cryptocurrencies with high liquidity.
- Multiple earning opportunities through staking and the Earn program.
- Attractive Visa card benefits including cashback and subscription reimbursements.
- Crypto-backed loans with flexible repayment.
- Strong security measures and insurance coverage.
- Access to derivatives and margin trading.
Disadvantages
- Limited functionality on the desktop platform.
- The Visa card is not available in all supported fiat currencies, and currency conversion may involve extra fees.
Frequently Asked Questions
Is Crypto.com legal?
Yes, Crypto.com is a fully regulated and legal platform operating since 2016. It complies with financial regulations in all jurisdictions where it operates, including AML and KYC requirements.
Is Crypto.com safe?
The platform uses high-level security protocols, including cold storage for most user funds through Ledger Vault. Fiat currencies are held in regulated banks, and U.S. residents benefit from FDIC insurance coverage.
Can Crypto.com be trusted?
Crypto.com has built trust among users, institutions, and regulators. It is one of the few exchanges to have undergone comprehensive third-party audits and has obtained the ISO/IEC 27701:2019 certification.
Can Crypto.com be hacked?
While no system is entirely immune to attacks, Crypto.com’s storage methods and insurance policies greatly reduce risks. User assets are mostly held in cold storage, and the platform has never experienced a significant security breach.
Final Thoughts
Crypto.com offers a broad suite of services beyond basic trading, including earning programs, a Visa card, and NFT trading. Although the desktop platform has limited features, the mobile app provides a full and seamless experience.
For users interested in exploring more opportunities with crypto, discover advanced trading tools that can enhance your strategy. Whether you are new to crypto or an experienced trader, Crypto.com provides a secure and versatile platform for managing digital assets.