Thinking of using CRYPTO.com cryptocurrency exchange? Here’s our review for everything you need to know.
The speed of cryptocurrency adoption is growing fast. It’s no surprise that many Bitcoin exchanges are racing to offer us the best features and services.
It is no longer just about spot trading bitcoin.
Today, Top Cryptocurrency Exchanges are maturing with many opting to become regulated and licensed businesses.
If you’re looking to buy, sell, trade, earn, store or pay with crypto all in a single app, CRYPTO.com is one such exchange that you should use.
The cryptocurrency exchange not only allows you easily buy or sell crypto, but it also offers its own native coin and allows you to earn higher interest on your crypto holdings.
Crypto.com is offering plenty of unique services, that’s why the platform is popular.
- Is Crypto.com safe to use?
- Is Crypto.com legit?
- What are the fees on Crypto.com?
- Why Crypto.com over others?
In this review of Crypto.com platform, I will answer your most pressing questions and more. So let’s get down to it…
What is Crypto.com
Founded in June 2016, Crypto.com is a pioneering payments and cryptocurrency platform that aims to to accelerate the world’s transition to cryptocurrency.
What’s interesting about Crypto.com is that it’s actually born out of the Monaco (MCO) initial coin offering (ICO) Token Sale event, which successfully raised funding of US$26.7 million.
Crypto.com was previously known as Monaco (MCO) – but the company is rebranding itself as CRYPTO.com after the domain name acquisition.
The company is headquartered in Hong Kong with a 120+ strong team.
The Team Behind Crypto.com
Let’s meet the Crypto.com Founding Team, Gary Or (Co-founder), Bobby Bao (Head of Corporate Development), Rafael Melo (CFO), Kris Marszalek (CEO).
Crypto.com Key Products
Started out as a wallet, they then added borrowing and lending services, finally rolling out a full-blown exchange platform.
In the past year, they have been the most exciting project to follow. They’ve a whole slew of products including:
- Mobile wallet for your crypto
- Pay and Get Paid in Crypto
- Credit – deposit and get instant loan
- Earn – deposit and earn interest paid weekly in crypto
- Debit cards with up to 8% back on all spending + perks, no annual fees
- Instant coin purchase and top up in-app
- Exchange – 0% fee trading for 90-days
- Supercharger – Deposit CRO to mine new coins with 1-click. Earn an estimated APY of 4.08%
1. Crypto.com App
With the Crypto.com app, you can easily buy, sell, pay, store, send and receive 90+ top cryptocurrencies with only one account.
To get started with Crypto.com:
- Download Crypto.com app on your phone. It’s available for both iOS and android.
- Sign up a free account using your email ID, enter referral code: heq9qnuzam to get your $50 welcome bonus.
- Submit your personal documents and pass the KYC (Know-Your-Customer).
- Once your account is approved, you can use all the features of Crypto.com that are available to your country.
With Crypto.com app, you can:
- Get a metal Visa card and earn up to 8% rewards back (Keep reading and I will show you how to get this card for free)
- Buy, sell, exchange and trade 90+ cryptocurrencies at true cost
- Earn up to 6.5% per annum (p.a.) on your crypto,12% p.a. on stablecoins
- Get an instant cash loan by using your crypto as collateral
- Track and manage your crypto portfolio
- Send and receive cryptocurrencies
2. Crypto.com Exchange
For more advanced trader, Crypto.com introduced a featured-packed web platform to easily buy, sell and trade top cryptocurrencies with the lowest fees in the industry.
The cryptocurrency exchange is powered by CRO token, offering a complete set of trading tools including margin trading, perpetual trading, limit orders, candlestick charts, order books, depth charts, Bid-Ask Spread with deep liquidity.
If you’re looking to buy/sell large amount of cryptocurrency, Crypto.com Cryptocurrency Exchange is a great way to execute trades at the lowest fees possible.
Here are some of the benefits of using Crypto.com Cryptocurrency Exchange:
- New users will receive 2% bonus paid in CRO for any crypto deposits.
- Earn rebates every time you trade: You get 20%-100% discount from your trading fees if you stake and pay fees with CRO token,
- Sign up using this link and get up to $50 USD worth of CRO.
3. Crypto.com Visa Card
Crypto.com made a name for itself as the world’s first company to offer a free metal crypto-linked Visa card with great rewards discounts, cash back and privileges.
The Crypto.com Visa Card is a debit card.
Just like a regular debit card, you have to top up your card with money- both cryptocurrency and fiat currency are accepted.
That’s it. The Crypto.com card will automatically convert your crypto funds, allowing you easily spend your cryptocurrency anywhere in the world where Visa is accepted.
Crypto.com offers five tiers of Crypto Visa cards with different benefits and features:
The card “crypto cashback” function enables you to get up to 8% back instantly every time you spend.
To enjoy the highest cashback and get access to additional benefits, you will need to hold CRO token in the Crypto.com wallet.
The more CRO you stake in your wallet, the more elite tier you get, the more rewards you will enjoy.
If you lock-up your CRO token for a certain period of time, you can enjoy perks and money-savings extras such as:
- 100% rebate on Spotify, Netflix and Amazon Prime
- Airport lounge access
- Cashback on Airbnb and Expedia bookings
- Competitive interbank rates
- Earn bonus interest
- and more
Plus, you’ll get a beautifully crafted, physical metal that come with both a magnetic stripe and a chip.
What’s great, the Crypto.com metal card is totally free of charge.
- No annual fees
- No monthly fees
- No overseas transaction fees
- No cost ATM withdrawals
- No reward redemption fees
- No setup fees
- No hidden fees
There is no maximum or minimum deposit either. You may get free $50 for just signing up and passes KYC verification. (**Use referral code: heq9qnuzam)
Who Can Get a Crypto.com Visa Card?
The MCO Visa Card is currently available to users in the following countries:
- United Kingdom
- Europe
- United States
- Canada
- Singapore
Even if Crypto.com card is not yet available in your country, you can still take advantage of many Crypto.com features such as buying, selling, sending, receiving and earning crypto. As Crypto.com is expanding its market, you can also join the waiting list to be notified when they’re shipping in your country.
To do so, simply download the Crypto.com app, sign up for a free account, and go to “Card” section to reserve a card.
4. Crypto.com Earn
With Crypto.com Earn, you can earn up to 12% interest on your cryptocurrency and stablecoins.
It’s an easy way to earn passive income while saving your cryptocurrency on Crypto.com Exchange wallet.
There are two main types of staking available on Crypto.com, each comes with different benefits:
1. Crypto.com Coin (CRO) Staking
With CRO Staking, you’ll need to lock your CRO for 180 days. That means you cannot withdraw the staked CRO during the 180 lock-in period.
So what are the benefits of CRO Staking?
- Rebates on trading fees: This is the most obvious advantage of CRO staking where you get to enjoy 10%-100% discount depending on how much CRO you stake on the platform.
- Earn 10% APR Interest: You earn daily interest on your CRO token.
- Syndicate access: CRO holders can participate in the Syndicate listing events in which they can buy the most promising crypto coins or tokens at a discount!
2. Soft Staking
Soft staking allows you to hold Bitcoin and other cryptocurrencies on your Exchange account and earn daily interest.
Compared to CRO staking, Soft Staking offers more flexibility as there’s no commitment period required.
Plus, if you’re staking CRO, you can earn extra rewards with soft staking.
Some of the cryptocurrency you can hold on Crypto.com Exchange to earn interest are:
- Bitcoin (BTC)
- Ethereum (ETH)
- EOS (EOS)
- Ripple (XRP)
- Tether (USDT)
- USD Coin (USDC)
- Litecoin (LTC)
- Stellar Lumens (XLM)
- Cosmos (ATOM)
- Tezos (XTZ)
- ChainLink (LINK)
- Bitcoin Cash (BCH)
- and more
5. Crypto.com Credit
If you’re in need of urgent cash but don’t want to sell your Bitcoin, Crypto.com Credit is an option to get dollars by using your cryptocurrency as collateral.
Rather than selling off your Crypto for cash, you can gain access to hard cash when you need it by taking a bitcoin-backed loan at the lowest interest rate possible.
The amount of crypto collateral that you need to deposit in order to take out a loan is determined by the loan-to-value (LTV) ratio.
Crypto.com Credit has 3 loan-to-value (LTV) ratios: 25%, 33% and 50%.
For instance, to take a $5,000 loan on 50% LTV, you need to deposit $10,000 worth of crypto to Crypto.com.
Here are the cryptocurrencies that you can use to get an instant loan on Crypto.com:
- Crypto.com Coin (CRO)
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- EOS (EOS)
- Stellar (XLM)
In return, you need to pay 12% APR interest on the money that you borrowed. If you stake 50,000 CRO or more, they will reduce the interest rate to 8%.
6. Crypto.com Pay Merchants
Crypto.com Pay allows customers to pay and merchants to get paid in cryptocurrency, for free.
Start accepting Bitcoin (BTC) and cryptocurrency (CRO, ETH, LTC) payments today with Crypto.com Pay.
If you already have an e-commerce site or blog, you can quickly start accepting cryptocurrencies by integrating Crypto.com Pay into your online store. You don’t have to worry about the crypto price volatility, as you’ll get paid directly in your local currency.
You only need to setup Crypto.com Pay once, it takes only a few minutes. Once it’s done, Crypto.com will automatically process the payment and convert the crypto to fiat with the real-time crypto rate every time you make a sale.
And you can easily view, monitor and manage payments, all from a simple, easy-to-use dashboard.
Some of the supported e-commerce plugins are:
- PrestaShop
- Ecwid
- nopCommerce
- WooCommerce,
- OpenCart
- Oveit
To get started, simply sign up and become a Pay Merchant. Besides using the merchant crypto payment processing solution, you can also generate invoice and issue them vie email without any extra integrations.
7. Crypto.com Pay Customers
On the other hand, Crypto.com Pay allows users to pay for their favorite products or services using cryptocurrency, wherever they want.
To use Crypto.com Pay, download Crypto.com App, go to “Pay” section and you can start spending your cryptocurrency on the go.
You can make a payment using the following cryptocurrencies:
- CRO,
- BTC,
- ETH,
- XRP and
- LTC.
Crypto.com App also allows you to easily complete crypto payments by scanning QR code, without paying any gas fees.
In addition to that, you can also buy gift cards for over 310+ popular brands as well as top-up your phone with cryptocurrencies within the app.
If you purchase gift card with CRO, you’re also entitled to double cashback up to 10%.
How to buy Bitcoin and Cryptocurrency on Crypto.com
Buying and selling on Crypto.com is pretty easy, even if you’re completely new (or even fairly new) to crypto trading.
Crypto.com is one of the easiest crypto exchanges to use to buy Bitcoin & major cryptocurrencies with fiat via Bank Transfer, Credit Card and Debit Card.
Step 1: Create a Crypto.com account
Before you can starting trading on Crypto.com, you must register for an account and pass KYC verification. If you don’t already have a Crypto.com account, create a free account here.
Step 2: Deposit money
Next, transfer money to your Crypto.com account and choose the type of cryptocurrency you want to purchase.
You can fund your account using different payment methods:
- Credit Card: Buy using Credit/Debit Card
- Crypto wallet: Buying using cryptocurrency
- Fiat wallet: Buying using bank transfer
-
- EUR bank transfer via SEPA
- USD bank transfer via ACH
- CAD bank transfer
- AUD bank transfer via BPAY & NPP
- GBP bank transfer via FPS
- SGD bank transfer via Xfers
Step 3: Buy Bitcoin
Enter the amount of BTC you’d like to purchase and click “Buy”. That’s how simple it is. You’ll receive BTC directly in your Crypto.com wallet.
Crypto.com Fees
Trading Fees
Crypto.com trading fees are volume-based. Which means, the more you trade, the more discounts you get.
Their maker/taker fee structure for trading crypto is rather complex.
Taker fees starting at 0.16% and maker fees as low as 0.10%.
For more savings, you must stake CRO token and pay trading fees with CRO. But that’s not all, you will also get 10% p.a. earnings on your CRO stake!
Deposit and Withdrawal Fees
Depositing all supported cryptocurrency into your Crypto.com account is completely free of charge.
Plus, you can exchange crypto-to-crypto with no fees.
Transfer cryptocurrency to another Crypto.com wallet is also free.
However, you will need to pay a small fees when withdrawing crypto to an external address. These fees varies based on the cryptocurrency being withdrawn.
When it comes to FIAT deposits and withdrawal, Crypto.com doesn’t charge any fees, but do note that some banks may charge a separate fee.
Fees when Buying Bitcoin with credit/debit cards
The easiest way (but not the cheapest way) to buy Bitcoin on Crypto.com is using your credit card.
However, there’s a 3.5% fee charged to your card. For new users, you can take advantage of their promotion, buy Bitcoin and other 90+ top crypto with 0% for your first 30-day.
Supported Currencies
Crypto.com has a selection of 90+ cryptocurrencies that can be traded on the exchange, including:
Crypto.com Coin (CRO)- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Tether (USDT)
- Binance Coin (BNB)
- Polkadot NEW (DOT)
- Ripple (XRP)
- Litecoin (LTC)
- ChainLink (LINK)
- Stellar (XLM)
- Bitcoin Cash (BCH)
- USD Coin (USDC)
- Uniswap (UNI)
- Dogecoin (DOGE)
- Wrapped Bitcoin (WBTC)
- Aave (AAVE)
- Cosmos (ATOM)
- EOS (EOS)
- Solan (SOL) and more
Crypto.com also supports up to 21 fiat currencies including AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD, ZAR. Giving you have the ability to sell crypto to fiat and withdraw it to your personal bank account.
Supported Countries
Crypto.com is available in almost every country across the globe, including, Australia, United States, Europe, Singapore, Canada, Russia, Japan, South Korea, Thailand, Vietnam, Latin American countries, Asian and African states.
However, some of their products maybe subject to certain geo-restrictions.
For example, Crypto.com Credit is not available in the United States.
(If you are a U.S. citizen and have no luck borrowing cash using Crypto.com, then BlockFi is for you, as they accept users from most U.S. states, except New York.)
Crypto.com is currently shipping the Crypto.com Visa Cards to selected countries in the US, UK, Canada, Europe and Singapore only.
Is Crypto.com Safe and Secure?
Crypto.com implements great security measures to protect customers data, privacy and crypto assets.
Some of the security features that you can use to improve your security settings are 2-Factor Authentication (2FA), wallet address whitelisting, and anti-phishing.
2-Factor Authentication (2FA)
2FA acts as an additional layer of security to your password. Once you enable the 2FA on your account, you will need to provide your 2FA code every time you perform certain actions such as sending and withdrawing crypto.
If you need help, check out this article on How To Set up 2FA for Cryptocurrency Exchanges (with Pictures)
Anti-Phishing Code
To avoid becoming a phishing victim, you are able to create a personalised and recognisable code that will be displayed in all legitimate emails from Crypto.com.
This way, you can protect yourself against phishing attempts.
Address whitelisting
To further enhance the security of your account and wallet, you can whitelist your withdrawal address on Crypto.com.
It’s simple and requires only a couple of minutes to whitelist your address.
Here’s how to whitelist a crypto withdrawal address:
4. Click “Save Address”.
Ledger Vault Technology for Institutional Grade Custody Solution
Crypto.com collaborates with Ledger Vault, a global leader in security and infrastructure solutions for cryptocurrencies to make sure that your crypto assets are fully safe and secure.
All Crypto.com customer’s crypto assets are stored in cold storage.
Crypto Asset Insurance
Additionally, Crypto.com has an insurance reserve of US$100 million in protecting customers’ assets to safeguard against theft or direct loss.
All in all, Crypto.com is safe to use. But you also have to take responsibility and practice basic crypto security to protect yourself against human errors and potential attacks.
Crypto.com Pros
- The most feature-rich crypto exchange ever. Buy, sell, trade, store, manage, earn, borrow, pay and get paid in crypto all in one place.
- User friendly and well integrated for beginners.
- New sign ups can get USD$50 welcome bonus using referral code: heq9qnuzam
- Regulated and trustworthy crypto platform.
- Competitive and transparent fees.
- Large selection of cryptocurrencies.
- Offer a variety of earnings opportunities. Earn up to 12% annual interest on Bitcoin, stablecoins and major cryptocurrencies.
- Stake CRO tokens and earn up to 10% p.a.
- Get daily crypto interest payments
- Buy and sell crypto with fiat currency, credit/debit card, or cryptocurrency.
- Ability to set up your recurring crypto buys – Dollar Cost Averaging (DCA) strategy
- Buy bitcoin with 0% using credit card (valid for first 30-day)
- Mobile app is available for both Google Play and App Store, making it easier to manage your crypto investment on the go
- High standards of security. All your crypto assets are safe guarded with Ledger Vault digital asset management system.
- No credit checks – Putting crypto as collateral to get a loan is fast and easy.
Crypto.com Cons
- Crypto.com Exchange wallet is not automatically connected with Crypto,com App wallet. You have to initiate the transfer between exchange and app wallet, though it’s instant and without fees.
- Must verify your identity and pass KYC to use Crpyto.com
- You don’t own the private key to your crypto wallet
Conclusion – Is Crypto.com Legit?
Based our research, Crypto.com is a legit company for buying, selling, trading Bitcoin and 90+ top cryptocurrencies using a variety of payment methods.
On top of that, Crypto.com also provides crypto staking, savings interest account, lending opportunities.
The platform also allows you to easily pay and get paid in cryptocurrencies, making it an excellent one-stop-shop for all things crypto
That’s all for now. As Crypto.com expands its features and services, I’ll be updating this post regularly with the latest info, so keep coming back to discover more.
Are you ready to take part in this new financial revolution?
- Sign up a Crypto.com account for free and buy Bitcoin for as little as $1
Don’t forget to use referral code: heq9qnuzam to get your free $50 sign-up bonus.
You’ll need:
- An email address
- A phone number
- One identification document
What do you think?
Would you use Crypto.com to buy, sell and trade cryptocurrency? Why or why not?
I hope this Crypto.com review helps you to decide whether Crypto.com is right for you. If you want to know more about Bitcoin alternatives, check out my articles on
- Best Crypto Lending Sites to earn Free Bitcoin here.
- Best Crypto Loan Sites to get instant cash loan.
- Best Cryptocurrency Exchanges for crypto trading
- Best Cryptocurrency Trading Sites for Beginners
- Best Crypto Tax Software to Calculate Taxes on Crypto
- Best Crypto Trading Bots to Automate Your Strategies
- Best Cryptocurrency Portfolio Trackers to Manage Your Investments Better
- Best Bitcoin OTC Trading Services to Buy Large Amounts of Bitcoin
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