Crypto.com is acknowledged as one of many prime cryptocurrency exchanges in response to CoinMarketCap, due to its spectacular buying and selling quantity, various options, and excessive liquidity. This platform offers 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 varied choices, and discover out whether or not it really lives as much as the hype.
Key Takeaways:
- Crypto.com is a well-liked crypto trade app that provides buying and selling options similar to spot, margin buying and selling, and derivatives contracts.
- Crypto.com is finest for customers searching for on the spot crypto purchase/promote choices on the app, buying and selling NFTs, and incomes excessive staking rewards.
- The Crypto.com App expenses 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 Evaluation: At a look
Based | 2016 |
Headquarters | Singapore |
Buying and selling 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) |
Buying and selling 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 by way of 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, reside chat, and assist heart |
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 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 standard ones like BTC/USDT and ETH/CRO, enabling a variety of transactions between varied cryptocurrencies.
The trade emphasizes safety, holding the best safety certifications within the business, similar to 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 start out buying and selling, you could full a registration course of with KYC verification.
Crypto.com Change provides 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 finest crypto staking platform with APYs as much as 20% on crypto holdings. Out there globally, it’s accessible by way of desktop and cellular apps, making it appropriate for each newbie and superior merchants.
Crypto.com Execs
- 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 person belongings and has an insurance coverage coverage
- It provides a whole ecosystem, together with DeFi companies, an NFT market, and the flexibility to earn rewards
- Crypto.com Visa cardholders can earn cashback in CRO tokens
- Buying and selling 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, similar to margin buying and selling, are unavailable to U.S. residents
- Decrease leverage within the derivatives market in comparison with rivals
Cryptocurrencies Out there on Crypto.com
Crypto.com provides about 350 cryptocurrencies and round 580 buying and selling pairs. This vary consists of standard cash like BTC, ETH, and XRP, in addition to stablecoins similar to Tether (USDT) and USD Coin (USDC). The platform additionally helps many new and area of interest tokens.
You could find varied crypto-to-stablecoin pairs, similar to 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 consists of 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 varied DeFi tokens and tokens associated to sensible contracts like APT and SOL.
Crypto.com Options Evaluation
Crypto.com App
The Crypto.com App is a cellular app obtainable for each Android and iOS gadgets. It’s a central instrument for managing cryptocurrency. It means that you can commerce all standard digital belongings like BTC, SOL, MATIC, ADA, and ETH.
Purchases will 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 simple conversion between fiat forex and crypto and a worth monitor operate that helps you monitor market costs with real-time alerts. The app can be ideally suited for anybody trying to handle a various portfolio whereas additionally utilizing crypto for funds and investments.
Derivatives and Margin Buying and selling
For these curious about buying and selling with superior instruments, derivatives, and margin buying and selling can be found on the Crypto.com Change.
Derivatives buying and selling means that you can 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 offered 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 trade additionally provides quite a lot of different order sorts, similar to 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 location.
You could find a various number 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 similar to CRO, Bitcoin, and Ethereum.
Moreover, NFTs will be maintained utilizing the Crypto.com DeFi Pockets. This offers flexibility for customers who take part in each the DeFi and digital artwork ecosystems.
Crypto.com Card
The Crypto.com Visa Card provides a approach to spend crypto in the true world. This pay as you go card means that you can 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 consists of perks like airport lounge entry, which scales based mostly on the quantity of CRO staked. This makes it a horny choice for these trying to seamlessly combine cryptocurrency into their each 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. In contrast to the Crypto.com App, which manages your belongings for you, the DeFi Pockets enables you to maintain your personal non-public keys. This implies you’ll be able to securely handle your belongings in a decentralized means, with out counting on a government.
You should use the pockets for varied 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 enables you to commerce with as much as 100x leverage, instantly throughout 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 expenses 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:
Degree | 30-Day Spot Buying and selling Quantity (USD) | Maker Payment | Taker Payment |
Degree 1 | Lower than $50,000 | 0.1500% | 0.3000% |
Degree 2 | $50,000 and above | 0.1000% | 0.2500% |
Degree 3 | $250,000 and above | 0.0800% | 0.2000% |
Degree 4 | $500,000 and above | 0.0700% | 0.1000% |
Degree 5 | $1,000,000 and above | 0.0650% | 0.0690% |
Degree 6 | $5,000,000 and above | 0.0600% | 0.0650% |
Degree 7 | $10,000,000 and above | 0.0000% | 0.0500% |
When transferring belongings throughout the app ecosystem or depositing cryptocurrency, Crypto.com doesn’t impose charges. When shifting funds to exterior wallets, withdrawal charges do apply they usually differ in response to the coin and blockchain community.
As an illustration, the 0.0005 BTC price for BTC withdrawals on the Bitcoin community will be excessive compared to sure different exchanges. Verify the full Crypto.com charge particulars right here.
Crypto.com Safety Evaluation: Is It Secure & Legit?
Crypto.com has taken stringent safety measures to safeguard its customers’ funds and information. A key part of their technique is to maintain all person digital currencies in chilly storage, significantly lowering the hazard of hacking.
Crypto.com additionally employs cutting-edge know-how, similar to {hardware} safety modules (HSMs) and multi-signature keys. Which means that even when one layer of safety is breached, extra safeguards are in place to guard funds. Moreover, the app has a $150 million insurance coverage protection that covers losses from theft, bodily injury, and even sure third-party dangers.
It additionally takes extra precautions with person accounts by providing two-factor authentication (2FA). The platform additionally incorporates real-time menace monitoring, repeatedly scanning for suspicious actions and potential vulnerabilities.
On the regulatory facet, Crypto.com operates underneath a number of worldwide licenses. In the USA, it’s regulated by FinCEN (Monetary Crimes Enforcement Community), and it holds licenses similar to:
- Dubai Digital Belongings Regulatory Authority
- Digital Cash Establishment (EMI) license in Europe
- Australian 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 mostly supportive and useful. Help is offered via electronic mail, reside chat, and a assist heart. You could find solutions to widespread questions within the assist heart. This makes it simple to unravel easy points shortly.
The buying and selling expertise on Crypto.com can be user-friendly. The app is straightforward to navigate. The structure is customizable and the platform provides 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.
The best way to Open a Crypto.com Account
- Obtain the app and create an account: Take a look at 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 electronic mail handle.
- Full the KYC: You now need to show who you’re. Enter your handle, title, and birthdate. As well as, you could present a selfie for verification together with an id doc, similar to a passport or driver’s license.
- Deposit cryptocurrency or fiat forex: To fund your Crypto.com pockets, hyperlink your checking account or use a debit or bank card. Moreover, you’ll be able to 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 too can discover variables like market tendencies and worth charts to get extra data earlier than making a commerce.
Watch detailed tutorial: Crypto.com Tutorial | Full Learners Information on How To Set Every part Up!
Crypto.com vs. Different Crypto Exchanges
Binance, Coinbase, and Bybit are the three prime options to the Crypto.com trade. Here’s a fast comparability:
Function | Crypto.com | Coinbase | Binance | Bybit |
Finest For | Purchase/promote and crypto rewards | The U.S. Merchants | Excessive-volume crypto merchants | Derivatives and day merchants |
Supported Cash | 350+ | 240+ | 400+ | 1200+ |
Buying and selling Charges (maker/taker) | 0.15%/0.3% | 0.4%/0.6% | 0.1% | 0.10% |
Buying and selling Quantity | Common | Excessive | Very Excessive | Excessive |
Leverage Buying and selling | 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) | Out there in all states | Separate Binance.us platform | Not obtainable |
Conclusion: Crypto.com Change Evaluation
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 assist 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, similar to greater charges in comparison with rivals, the general worth it offers makes it a worthy consideration for anybody trying to have interaction 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 effective 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 curious about incomes rewards can even profit from staking.
Moreover, individuals who need to use cryptocurrency for each 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 primary 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 price than utilizing different cryptocurrencies. Plus, customers can entry unique rewards and advantages after they maintain CRO, similar to greater cashback rewards on the Crypto.com Visa card. The token may also be traded on varied exchanges, giving it good liquidity.