Crypto.com is acknowledged as one of many prime cryptocurrency exchanges in response to CoinMarketCap, because of its spectacular buying and selling quantity, numerous options, and excessive liquidity. This platform gives many monetary merchandise, together with a cryptocurrency trade, DeFi companies, and an NFT market. On this Crypto.com evaluation, you’ll be taught 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 trade app that gives buying and selling options resembling spot, margin buying and selling, and derivatives contracts.Crypto.com is finest for customers in search of instantaneous 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
Based2016HeadquartersSingaporeBuying and selling OptionsCrypto purchase/promote, derivatives, margin, NFT market, Crypto.com Visa card, staking, DeFi swap, and extraFiat CurrenciesAUD, CAD, EUR, GBP, USD, USDC, BRLSupported BelongingsOver 350 cryptocurrencies and 580 buying and selling pairsNative TokenCronos (CRO)Buying and selling Charges0.15% for maker and 0.3% for taker chargesLeverageAs much as 50x for derivatives and 5x for margin buying and sellingSafety Measures2FA, chilly storage, insurance coverage fund, regulatory compliance, ISO/IEC 27001:2013, and extraKYC NecessarySureDeposit and Withdrawal StrategiesCredit score or Debit Card, Financial institution Switch through SEPA, FPS, ACH, SWIFT, Apple Pay, Google Pay, and extra third-party fee strategiesLicensesFinCEN, ASIC, and different worldwide authoritiesBuyer AssistE mail, stay chat, and assist middleCellular AppEach iOS and Android
What’s Crypto.com?
Crypto.com is a complete crypto platform designed for buying and selling cryptocurrencies. It helps over 350 property and provides 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 well-liked ones like BTC/USDT and ETH/CRO, enabling a variety of transactions between numerous cryptocurrencies.
The trade emphasizes safety, holding the best safety certifications within the trade, resembling ISO/IEC 27001:2013, and providing multi-factor authentication (MFA) and insurance coverage on property held in chilly storage. It additionally has the Crypto.com App, which has over 100 million customers globally. To begin buying and selling, you should full a registration course of with KYC verification.
Crypto.com Alternate provides aggressive charges, beginning at 0.15% per commerce, with reductions out there for high-volume merchants and people staking CRO, the platform’s native token. It’s also the finest crypto staking platform with APYs as much as 20% on crypto holdings. Out there globally, it’s accessible through desktop and cellular apps, making it appropriate for each newbie and superior merchants.
Crypto.com Execs
It helps greater than 350 completely different digital property for buying and sellingEarn as much as 20% APY on staked cryptocurrenciesChilly storage for 100% of consumer property and has an insurance coverage coverageIt provides a whole ecosystem, together with DeFi companies, an NFT market, and the flexibility to earn rewardsCrypto.com Visa cardholders can earn cashback in CRO tokensBuying 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 BybitSome options, resembling margin buying and selling, are unavailable to U.S. residentsDecrease leverage within the derivatives market in comparison with opponents
Cryptocurrencies Out there on Crypto.com
Crypto.com provides about 350 cryptocurrencies and round 580 buying and selling pairs. This vary contains well-liked 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’ll find 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 provides 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 cellular app out there for each Android and iOS units. It’s a central software for managing cryptocurrency. It lets you commerce all well-liked digital property 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.
Extra options embody a fiat pockets for simple conversion between fiat foreign money and crypto and a value monitor perform that helps you monitor market costs with real-time alerts. The app can also be very best for anybody trying to handle a various portfolio whereas additionally utilizing crypto for funds and investments.
Derivatives and Margin Buying and selling
For these thinking about 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 threat however can amplify returns for seasoned merchants. The trade additionally provides a wide range of different order sorts, resembling stop-loss, take-profit, and OCO restrict orders to boost buying and selling methods.
NFT Market
Crypto.com NFTs are one other necessary function for merchants. You’ll be able to buy, promote, and commerce non-fungible tokens (NFTs) immediately on the positioning.
You’ll find a various collection of digital artwork from well-known artists and types. {The marketplace} additionally works with Crypto.com Pay. This implies you should purchase 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 provides a method to spend crypto in the actual 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, generally known 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 choice for these trying to seamlessly combine cryptocurrency into their every day bills.
The Crypto.com card is available in completely different types with variable reward tiers and advantages. Examine 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 property for you, the DeFi Pockets allows you to maintain your individual personal keys. This implies you possibly can securely handle your property in a decentralized approach, 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 completely different networks (cross-chain swaps), which makes managing a number of crypto property simpler.
Not too long ago, the DeFi Pockets additionally added leveraged perpetual contracts. This function allows you to commerce with as much as 100x leverage, immediately inside the app.
Crypto.com Charges
Crypto.com provides aggressive charges, particularly for high-volume merchants and people staking CRO tokens. On the trade, buying and selling charges start at 0.15% maker and 0.3% taker charge 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:
Level30-Day Spot Buying and selling Quantity (USD)Maker FeeTaker PriceDegree 1Lower than $50,0000.1500%0.3000%Degree 2$50,000 and above0.1000%0.2500%Degree 3$250,000 and above0.0800%0.2000%Degree 4$500,000 and above0.0700%0.1000%Degree 5$1,000,000 and above0.0650%0.0690%Degree 6$5,000,000 and above0.0600%0.0650%Degree 7$10,000,000 and above0.0000%0.0500%
When transferring property 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 in response to the coin and blockchain community.
As an example, the 0.0005 BTC value for BTC withdrawals on the Bitcoin community might be excessive compared to sure different exchanges. Examine the full Crypto.com charge particulars right here.
Crypto.com Safety Assessment: 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 consumer digital currencies in chilly storage, tremendously lowering the hazard of hacking.
Crypto.com additionally employs cutting-edge know-how, resembling {hardware} safety modules (HSMs) and multi-signature keys. Because of this 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 risk monitoring, repeatedly scanning for suspicious actions and potential vulnerabilities.
On the regulatory facet, Crypto.com operates beneath a number of worldwide licenses. In the USA, it’s regulated by FinCEN (Monetary Crimes Enforcement Community), and it holds licenses resembling:
Dubai Digital Belongings Regulatory AuthorityDigital Cash Establishment (EMI) license in EuropeAustralian 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 accessible by means of electronic mail, stay chat, and a assist middle. You’ll find solutions to widespread questions within the assist middle. 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 format is customizable and the platform provides options like spot buying and selling and margin buying and selling. Crypto.com additionally receives constructive evaluations from clients, with a 4.4/5 score on the Play Retailer and a 4.6/5 score on the App Retailer.
Find out 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 looking for it. Choose “Signal Up”. You’ll should set a powerful password and enter your electronic mail tackle.Full the KYC: You now should show who you might be. Enter your tackle, title, and birthdate. As well as, you should 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 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 developments and value charts to get extra info earlier than making a commerce.
Watch detailed tutorial: Crypto.com Tutorial | Full Rookies Information on How To Set All the pieces Up!
Crypto.com vs. Different Crypto Exchanges
Binance, Coinbase, and Bybit are the three prime alternate options to the Crypto.com trade. Here’s a fast comparability:
FeatureCrypto.comCoinbaseBinanceBybitBest ForPurchase/promote and crypto rewardsThe U.S. MerchantsExcessive-volume crypto merchantsDerivatives and day merchantsSupported Cash350+240+400+1200+Buying and selling Charges (maker/taker)0.15%/0.3%0.4%/0.6%0.1%0.10%Buying and selling QuantityCommonExcessiveVery ExcessiveExcessiveLeverage Buying and sellingSureRestricted (solely in choose areas)SureSureMost Leverage50xAs much as 5x125x100xU.S. AvailabilityRestricted (not out there in New York)Out there in all statesSeparate Binance.us platformNot out there
Conclusion: Crypto.com Alternate Assessment
In a nutshell, this Crypto.com evaluation reveals a platform that stands out for its sturdy security measures, 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 larger charges in comparison with opponents, 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 out there in New York?
No, Crypto.com is just not 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 alternative for merchants who worth safety and regulatory compliance. The platform is licensed and provides excessive safety for customers. It’s also appropriate for NFT merchants who need to purchase and promote digital artwork and collectibles simply. These thinking about 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, usually at a decrease fee than utilizing different cryptocurrencies. Plus, customers can entry unique rewards and advantages after they maintain CRO, resembling larger cashback rewards on the Crypto.com Visa card. The token can be traded on numerous exchanges, giving it good liquidity.
