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Crypto.com Review for Cryptocurrency 2024

Crypto.com
4.3

Singapore-based Crypto.com offers trading in over 250 different cryptocurrencies via its mobile app, which is compatible with both Android and iOS devices. The Crypto.com app not only supports cryptocurrency trading but can also be used for staking and swapping. In conducting my Daily-Crypto.com review I found that what I liked most about Crypto.com is that it allows you to stake your coins or hold them in a wallet to earn interest of up to 14.5%. You can also open a Crypto.com Visa Card for faster and smoother transactions.

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Pros & Cons

  • Pros
  • 250+ cryptos for trade as well as staking and swapping
  • Competitive trading fees with some discounts
  • Offers credit card and crypto wallet
  • Allows users to invest in NFTs
  • Cons
  • Offers customer support only via text chat

Crypto.com Overview

Crypto.com operates through a desktop platform and a mobile app that supports more than 250 cryptocurrencies with spot trading, futures, and advanced order types. It charges competitive trading fees of up to 0.4% and offers discounts from time to time. The app also supports major fiat currencies, allowing users from different countries to purchase crypto.

The exchange facilitates crypto transactions at true cost, which means there are no transaction fees.

  • Overall
    3.4
  • Fees
    3.5
  • Deposit and Withdrawal
    3.5
  • Asset Selection
    2.5
  • Ease of Account Opening
    4.0
  • Regulation and Security
    4.0
General info
Headquarters Singapore
Website https://crypto.com/
Website Languages English, Portuguese, Turkish, French
Regulated check
Country of Regulation Malta, United Kingdom, Singapore, South Korea
Regulation Type FCA / FSC / MFSA / MAS
Account Base Currencies EUR / USD / CAD / AUD / ILS / GBP / CHF / HKD / NZD / SGD / TWD / NOK / SEK / DKK / PLN / ZAR / KES / BGN / RON / SAR / AED / HUF / CZK / TRY / BRL
Staking and Rewards uncheck
Minimum Deposit $100
Deposit Fee $0
Deposit Types
Minimum Withdrawal $500
Withdrawal Fees $25 Bank wires only info
Crypto-to-Crypto Trading Pairs check
Cryptocurrencies as CFDs uncheck
Islamic Account uncheck
Demo Account check
Research & Education Tools check
Customer Support Email / Live chat
Customer Support Languages English
Support Days & Hours 24/7
Automated Trading check
Social Trading uncheck
Copy Trading uncheck

Company Background

Crypto.com founded in Hong Kong in 2016, Crypto.com is a leading crypto exchange with a global customer base of over 70 million. The company is currently operated by Foris DAX Asia, a Singapore-based company that is a subsidiary of Foris DAX MT (Malta) Limited. Crypto.com meets regulatory compliance and offers best-in-class security. The company supports the entire ecosystem, with an app, an exchange, a DeFI swap, a wallet, a credit card and an NFT marketplace.

Unique Features

The Crypto.com app allows you to buy hundreds of cryptocurrencies at true cost, earn high interest on the coins you hold, and easily make crypto payments. The app includes all the information and tools required to trade cryptos. You can open a wallet and even sign up for a Crypto.com credit card. You can top up your Crypto.com Visa card with either fiat currencies or cryptos. The app allows you to invest in NFTs as well. It is easy-to-use and intuitive.

Crypto.com also offers a non-custodial DeFI wallet, which gives you full control of your private keys.

Crypto.com Visa Card

What is the Downside of Crypto.com?

The vast range of cryptocurrencies offered may overwhelm new traders. This is, however, compensated by the extensive educational resources, latest news, and other information available on the app. One area where Crypto.com can improve is that it offers customer support only via text chat.

Crypto Fees Overview

Crypto.com uses a maker/taker fee structure, wherein the maker fees apply to trades that are not matched immediately with someone else’s order. Taker fees apply on orders that find matching orders immediately. These fees are calculated based on your 30-day trading volume, which means you pay less when you transact more.

When you stake CRO, Crypto.com’s own currency, you enjoy some additional trading benefits, discounts and daily CRO pay-outs.

FeesAmount
Deposit Fee $0
Credit/Debit card Deposit Fees $0
E-wallets Deposit Fees $0
Bank transfer Deposit Fees Asset-dependent
Withdrawal Fee Not Applicable
Credit/Debit card Withdrawl Fees Not Applicable
E-wallets Withdrawl Fees uncheck
Bank transfer Withdrawl Fees $25
Inactivity Fees check
Swap Fees(Instead of Overnight Fees) check
Spread / Commission Fees check
Currency conversion Fee check
Max Leverage 1:10
Minimum Spread 10

Conversion Fees

In case, the selected currency is different from the pricing currency of your chosen crypto, the conversion rate is based on the market rate at the time of payment. This means, Crypto.com does not charge any additional conversion fees. If your payment currency is the same as the pricing currency, no conversion is needed.

Overnight Fees

There is no overnight fee.

Crypto App Fees

There is no fee for downloading and using the mobile app.

VIP Trading Fees

For Spot or Derivate Trading, there is no maker fee. The taker fee for spot and derivative trading depends on the volume traded.

30D Trading VolumeSpot Taker FeeDerivative Taker Fee
≥ 0.10% of Exchange Spot Volume0.040%0.024%
≥ 0.25% of Exchange Spot Volume0.035%0.022%
≥ 0.50% of Exchange Spot Volume0.031%0.020%
≥ 1.00% of Exchange Spot Volume0.028%0.018%
≥ 2.00% of Exchange Spot Volume0.025% 0.015%

Trading Fees

There is no account opening fee. The trading fees on user accounts are updated every hour based on the evaluation of their trading volume, maker activity, and the amount of CRO staked. Crypto.com does offer some discounts on fees and rebates on maker fees based on the amount of CROs staked. There is a fee of 0.5% in case of forced liquidation.

DeFI Swap Fees

The Crypto.com app interfaces perfectly with the DeFI wallet. There is no fee charged for any transfer between these two applications. The regular blockchain fees may apply.

Crypto.com Deposit & Withdrawal

Funding methodSupportedMinimum DepositMinimum Withdrawal
Bank wire check $20 $50
Credit Card check $20 $50
PayPal check $20 $50
Skrill check $20 $50
Neteller check $20 $50
FastPay uncheck
UnionPay uncheck
PayRedeem uncheck
PerfectMoney uncheck
POLi Payments check $20 $50
Przelewy 24 check $20 $50
Payoneer uncheck
Rapid Transfer uncheck
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Supported Cryptocurrency

Coin nameCoin SymbolCoin icon
BitcoinBTCBitcoin
TetherUSDTTether
EthereumETHEthereum
AvalancheAVAXAvalanche
CardanoADACardano
ChainlinkLINKChainlink
CosmosATOMCosmos
DogecoinDOGEDogecoin
EOSEOSEOS
LitecoinLTCLitecoin
PolkadotDOTPolkadot
PolygonMATICPolygon
Shiba InuSHIBShiba Inu
SolanaSOLSolana
StellarXLMStellar
UniswapUNIUniswap

Crypto.com Trading Platform

PlatformSupported
Proprietary Platform check
MetaTrader 4 (MT4) uncheck
MetaTrader 5 (MT5) uncheck
cTrader uncheck
DupliTrade uncheck
ZuluTrade uncheck

Mobile App

The Crypto.com mobile app is available for both Android and iOS devices. The interface is simple and intuitive. It allows you to buy more than 250 cryptocurrencies with over 20 fiat currencies. The app can be used to access, manage, and spend your funds anytime with the Crypto.com Visa Card. While you can trade and invest in cryptos, you can also use your coins as currencies to make payments for purchases.

It is easy to view your portfolio, which lists the most popular assets. The mobile app provides a plethora of data in a very simple way. I bought some CROs because Crypto.com offers a lot of benefits. The app also gives you an easy overview of your Crypto.com account, where you can review transfers, make crypto payments, manage your bank accounts, and track your Crypto.com credit card balance.

Crypto.com Crypto Trading Interface

Is Crypto.com a Good Trading Platform?

Crypto.com is a good trading platform. The platform supports fast and seamless crypto trading in hundreds of coins. It offers attractive incentives to trade more. For instance, the more you trade, the lower the fee you need to pay. It also offers incentives for paying with or staking its own currency, CRO. Another good thing about this platform is that it allows you to earn interest on your crypto holdings. Crypto.com’s mobile app has a simple user interface and comes with additional features of a Visa Card and a DeFI wallet.

The platform is a great choice for active traders and those who wish to use their cryptocurrencies to make payments, rather than merely holding them as investments. The platform provides a lot of information and tools to help make sound decisions as well as a host of educational content for those who are new to the crypto universe.

Crypto.com Trading Incentives

How Do You Trade Cryptocurrency on Crypto.com?

To trade cryptos on Crypto.com, you need to first open an account. You can do so on your desktop or download their app on your smartphone. Here are the steps to trade cryptos on this platform:

  1. Log in to your account via the desktop or mobile version.
  2. Navigate to the Markets page on the top left of the navigation bar.
  3. Select the market, find the pair in which you wish to trade, and select Trade.
  4. Find the Limit, Market and Advanced order areas, and choose the type you want to trade.
  5. Fill in the necessary details.

One thing to remember while trading cryptos on this platform is that the default order in the limit order is the last traded price of the selected coin.

 

Trading Crypto via Crypto.com

Opening a Crypto.com Account

The process of opening your Crypto.com account involves the following steps:

  1. Download the Crypto.com app from Google Play Store (Android) or App Store (iOS).
  2. Input your email address and get a confirmation link to continue.
  3. Click on the link and proceed with the registration process.
  4. Select the preferred browser and look at the available benefits.
  5. Provide your phone number and submit the verification code.
  6. Submit your documents for KYC and wait for approval. This verification process may differ from country to country. It typically requires you to provide your ID proof address proof, and a selfie taken during the application process.
  7. You will receive an email notifying you of your verification being completed and you are ready to go.

Crypto.com Vs Competitors

  1. A Huge Range of Cryptos: It offers over 250 cryptocurrencies, which is higher than most crypto brokers offer. All the top cryptos, including Bitcoin, Ethereum, Litecoin, Cardano, Dogecoin, Polkadot, and more, are available.
  2. One App, Many Functions: You can use the Crypto.com app for trading, storing your cryptos in a DeFi wallet for investment purposes, and using the coins as currency for making payments. People resident in most regions can borrow up to 50% of their crypto collateral with a crypto loan from Crypto.com.
  3. Benefits and Discounts on CRO Use Crypto.com offers attractive discounts on fees and other charges as well as some incentives for those who use CRO to make their payments or to transact.
  4. Security: crypto.com holds your cryptocurrency in cold storage so that it cannot be easily accessed from the internet. Its wallet uses private keys that are encrypted locally on the user’s device. Fiat currency deposits are held in regulated trading accounts. The exchange also offers a $100 million insurance to cover customers against asset losses.

Regulation & Security

Country of the RegulatorName of the RegulatorLicence Number
AustraliaAUSTRAC – Australian Transaction Reports and Analysis Centre467462
United KingdomFCA – Financial Conduct Authority941745
CyprusCySEC – Cyprus Securities & Exchange CommissionMajor Payment Institution License
United Kingdom (UK)FCA – Financial Conduct Authority941745
SingaporeMAS – Monetary Authority of SingaporeMajor Payment Institution License
CanadaIIROC – Investment Industry Regulatory Organization of CanadaPre-Registration Undertaking
AustraliaASIC – Australian Securities & Investment Commission467462

Crypto.com prioritises security. It is among the world’s first cryptocurrency companies to have an ISO 22301:2019 certification. It also has the ISO/IEC 27001:2013 certification, which is considered the gold standard in information security. Crypto.com has taken the services of global security consulting and auditing firm Kudelski Security to stress test and audit its core blockchain systems.

The company also uses multi-factor authentication (MFA) and whitelisting to keep its customer accounts safe. Crypto.com employs strong compliance monitoring and ensures its customer deposits are stored offline in cold storage to prevent hacking and cybertheft. It has collaborated with local US banks to provide $250,000 in FDIC insurance on US dollar balances.

Customer Service

Customer Support
Days Monday to Friday
Hours 24/7
Live Chat uncheck
Email check
Phone check
Supported Languages English
How fast was customer support when we tried? Slow

Conclusion

Crypto.com offers you a single app from which you can trade, store, invest, and make payments using more than 250 crypto coins. It is also a good starting point for those new to the crypto space, as it provides a lot of information in a very simple way and has a vast range of educational resources to get started. Crypto.com offers several products, like a Visa Card, a DeFI wallet, the option to stake and swap cryptos. Being licensed by regulatory authorities in several countries, this crypto exchange is safe and reliable. It also offers good discounts for high trading volumes.

FAQ

  • Is it safe to keep crypto with Crypto.com?
    Absolutely. Crypto.com keeps 100% of its client’s crypto holdings offline in cold storage. It also has third-party insurance against theft. US dollars on the platform are also protected by FDIC insurance against platform failure. 
  • Is there a minimum deposit for Crypto.com?
    You can open an account with as little as $1 on Crypto.com. 
  • What is required to open a Crypto.com account?
    You need to provide your name, email address and some ID proof to open your Crypto.com account. The platform will verify the details provided by you before approving your request. 
  • How much can I deposit at Crypto.com?
    The Crypto.com app allows you to transfer up to $50,000 per day and $500,000 per month via ACH as instant deposits. The exchange does not charge any fees for deposits. 
  • What is a fiat wallet on Crypto.com?
    Crypto.com offers fiat wallets through its app for depositing and withdrawing funds from the user’s bank accounts. The wallets can be used for crypto purchases, Crypto.com Visa card topup, selling crypto for fiat, withdrawing fiat to your bank account, and creating recurring buys of cryptos.   Crypto.com offers fiat wallets for the following currencies:  
    • Australian dollar 
    • Canadian dollar 
    • Euro 
    • British pound 
    • US dollar 
    • USDC (USD Coin) 
    • Brazilian real 
    • Argentine Peso 
    • Turkish lira  
  • Does Crypto.com report to the IRS?
    Yes, Crypto.com does report certain transaction information to the IRS. It provides its US customers with a 1099-K form if they have more than $20,000 in trading volumes and over 200 trades in the year. A copy of this form is also filed with the IRS. 
  • How do I withdraw from Crypto.com?
    To withdraw money from Crypto.com, you need to open the app, link a bank account if you have not done so already, and tap on the withdraw button at the bottom of the screen. You can choose the preferred fiat currency and fill the amount you wish to withdraw. However, you cannot withdraw less than $100 at once and more than $50,000 in a month. 
  • How much does it cost to withdraw from Crypto.com?
    There are no withdrawal fees charged by Crypto.com. however, since the withdrawal is an on-chain transaction that transfers cryptos to an external cryptocurrency address (a wallet or another exchange), it comes with a blockchain fee. The withdrawal fees are settled in the currency you are receiving and not CRO. 
  • What is the maximum you can withdraw from Crypto.com?
    The maximum withdrawal amount from Crypto.com is 10 Bitcoins or its equivalent for all cryptos. This is on a 24-hour rolling basis. 
author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.