Crypto.com is acknowledged as one of many high cryptocurrency exchanges based on CoinMarketCap, because of its spectacular buying and selling quantity, numerous options, and excessive liquidity. This platform offers many monetary merchandise, together with a cryptocurrency trade, DeFi providers, and an NFT market. On this Crypto.com overview, 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 provides 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 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
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 PropertyOver 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 by way of SEPA, FPS, ACH, SWIFT, Apple Pay, Google Pay, and extra third-party cost strategiesLicensesFinCEN, ASIC, and different worldwide authoritiesBuyer AssistE mail, reside 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 belongings and gives a number of buying and selling markets, together with spot, margin, and crypto derivatives contracts.
You possibly can 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 common 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 business, 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, it’s essential to full a registration course of with KYC verification.
Crypto.com Change gives 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 is usually the greatest crypto staking platform with APYs as much as 20% on crypto holdings. Accessible globally, it’s accessible by way of desktop and cell 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 sellingEarn as much as 20% APY on staked cryptocurrenciesChilly storage for 100% of consumer belongings and has an insurance coverage coverageIt gives a whole ecosystem, together with DeFi providers, an NFT market, and the power 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 rivals
Cryptocurrencies Accessible on Crypto.com
Crypto.com gives about 350 cryptocurrencies and round 580 buying and selling pairs. This vary consists of common 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.
Yow 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 gives tokens in particular sectors. This consists of NFT tokens, metaverse cash for digital worlds, and Actual World Property (RWAs) that join conventional finance and blockchain. Plus, You possibly can uncover numerous DeFi tokens and tokens associated to good contracts like APT and SOL.
Crypto.com Options Evaluation
Crypto.com App
The Crypto.com App is a cell app obtainable for each Android and iOS units. It’s a central instrument for managing cryptocurrency. It means that you can commerce all common 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 straightforward conversion between fiat forex and crypto and a worth monitor operate that helps you monitor market costs with real-time alerts. The app can also be preferrred for anybody seeking to handle a various portfolio whereas additionally utilizing crypto for funds and investments.
Derivatives and Margin Buying and selling
For these all in favour of 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 threat however can amplify returns for seasoned merchants. The trade additionally gives quite a lot 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 essential characteristic for merchants. You possibly can buy, promote, and commerce non-fungible tokens (NFTs) immediately on the positioning.
Yow 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 purchase NFTs utilizing cryptocurrencies resembling 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 gives a approach to spend crypto in the actual 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, often known 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 pretty possibility for these seeking to seamlessly combine cryptocurrency into their each day bills.
The Crypto.com card is available in totally different varieties 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 provides you full management over your cryptocurrency. Not like the Crypto.com App, which manages your belongings for you, the DeFi Pockets helps you to maintain your individual non-public keys. This implies you may securely handle your belongings in a decentralized approach, with out counting on a government.
You need to use the pockets for numerous decentralized finance (DeFi) actions like staking, swapping tokens, and lending throughout a number of blockchains. You possibly can even swap tokens between totally different networks (cross-chain swaps), which makes managing a number of crypto belongings simpler.
Lately, the DeFi Pockets additionally added leveraged perpetual contracts. This characteristic helps you to commerce with as much as 100x leverage, immediately inside the app.
Crypto.com Charges
Crypto.com gives 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 payment per transaction, and customers who stake CRO are eligible for extra 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:
Level30-Day Spot Buying and selling Quantity (USD)Maker FeeTaker ChargeStage 1Lower than $50,0000.1500%0.3000%Stage 2$50,000 and above0.1000%0.2500%Stage 3$250,000 and above0.0800%0.2000%Stage 4$500,000 and above0.0700%0.1000%Stage 5$1,000,000 and above0.0650%0.0690%Stage 6$5,000,000 and above0.0600%0.0650%Stage 7$10,000,000 and above0.0000%0.0500%
When transferring belongings inside the app ecosystem or depositing cryptocurrency, Crypto.com doesn’t impose charges. When transferring funds to exterior wallets, withdrawal charges do apply and so they differ based on the coin and blockchain community.
As an example, 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 payment particulars right here.
Crypto.com Safety Evaluation: 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, significantly 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 injury, 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 aspect, Crypto.com operates beneath a number of worldwide licenses. In the US, it’s regulated by FinCEN (Monetary Crimes Enforcement Community), and it holds licenses resembling:
Dubai Digital Property Regulatory AuthorityDigital Cash Establishment (EMI) license in EuropeAustralian Monetary Companies License (AFSL)Class 3 VFA license by Malta Monetary Companies Authority (MFSA)Digital Asset Service Supplier in France
Buyer Service and Buying and selling Expertise
The customer support is mostly supportive and useful. Assist is offered by electronic mail, reside chat, and a assist middle. Yow will discover solutions to widespread questions within the assist middle. This makes it simple to resolve easy points rapidly.
The buying and selling expertise on Crypto.com can also be user-friendly. The app is straightforward to navigate. The format is customizable and the platform gives options like spot buying and selling and margin buying and selling. Crypto.com additionally receives optimistic opinions from clients, 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: Take a look at the Apple App Retailer or Google Play Retailer. Obtain “Crypto.com” by looking for it. Choose “Signal Up”. You’ll should set a robust password and enter your electronic mail tackle.Full the KYC: You now should show who you’re. Enter your tackle, identify, and birthdate. As well as, it’s essential to present a selfie for verification together with an id doc, resembling 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 may 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. It’s also possible to discover variables like market developments and worth charts to get extra info earlier than making a commerce.
Watch detailed tutorial: Crypto.com Tutorial | Full Newbies Information on How To Set All the pieces Up!
Crypto.com vs. Different Crypto Exchanges
Binance, Coinbase, and Bybit are the three high 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 obtainable in New York)Accessible in all statesSeparate Binance.us platformNot obtainable
Conclusion: Crypto.com Change Evaluation
In a nutshell, this Crypto.com overview reveals a platform that stands out for its strong security measures, 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, resembling greater charges in comparison with rivals, the general worth it offers makes it a worthy consideration for anybody seeking to interact in cryptocurrency buying and selling.
FAQs
Is Crypto.com obtainable in New York?
No, Crypto.com shouldn’t be 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 selection for merchants who worth safety and regulatory compliance. The platform is licensed and gives excessive safety for customers. It is usually appropriate for NFT merchants who need to purchase and promote digital artwork and collectibles simply. These all in favour of 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 principal profit is the power 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 once they maintain CRO, resembling greater cashback rewards on the Crypto.com Visa card. The token will also be traded on numerous exchanges, giving it good liquidity.
