Cryptocurrency Exchange

Complete Review On Crypto.com Exchange 2021

Overview

Legal NameCrypto.com Exchange
HeadquartersHong Kong
CEOKris Marszalek
Year Founded2016
Exchange TypeCentralized
Trading FeesMaker: 0.04-0.10%Taker: 0.10-0.16% 
Deposit MethodsCryptocurrency , Bank transfer , PayPal , TransferWise , SEPA
Supported CryptosBTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, LTC,& 100+ more
FiatCAD,USD, AUD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 10+ more
Customer ServiceEmail, Help Centre:  https://help.crypto.com/en/, Contact Support (Through Crypto.com App)
Trading OptionsSpot Trading, Margin Trading , Derivatives Trading 

What is Crypto.com?

Crypto.com is a complete cryptocurrency platform, made up of many connected products and services. The three main parts are:

The Crypto.com App. The heart of Crypto.com is a mobile app, available for iOS and Android. Downloading the app allows you to access the full Crypto.com ecosystem. When you hold cryptocurrency in your account, you can access the full range of Crypto.com services, but it also means that you are entrusting your funds to Crypto.com.

The non-custodial Crypto.com DeFi Wallet. This is a decentralized wallet that allows you to store, earn, and grow your crypto assets, and is different from the Crypto.com App. The DeFi wallet lets you take control of your crypto assets and your private keys. You can link the DeFi wallet to the Crypto.com App account to easily transfer funds between them.

The Crypto.com Exchange. This is a crypto-to-crypto exchange. You can sign up for the exchange separately, or log onto it with your Crypto.com App account.

Crypto.com Exchange Features

  • Deposit crypto and earn up to 12% p.a. pay weekly with Crypto Earn.
  • Access crypto loans via Crypto Credit with 50% LTV.
  • Crypto.com Exchange – Trade top cryptocurrencies with the lowest fees in the industry.
  • The Syndicate – users can participate and buy cryptos with 50% off when staking CRO.Crypto.com Exchange Referral Program – you can get up to USD 2,000 referral bonus in CRO and 50% of the trading fees for every friend and successful referral.
  • Supercharger – During the first 30 days, deposit and withdraw CRO from the Supercharger pool at any time during this period. The average share percentage  will be calculated every day. For the second chunk of 30 days, receive a reward token daily during the reward distribution period. The reward is calculated based on the liquidity provided in the deposit period.
  • Swap and farm DeFi Coins in their decentralized exchange – DeFi Swap  is a  fork of Uniswap V2. Store your crypto safely with a non-custodial DeFi Wallet.
  • DeFi Earn – Users can receive the best return by depositing their tokens to the protocol with the highest Annual Percentage Yield (APY) at the time of the deposit. Crypto.com’s integration with the Compound lending pool gives users easy access to nine DeFi tokens: BAT, COMP, DAI, ETH, UNI, USDC, USDT, WBTC, and ZRX—with more to come.
  • Track the latest token prices, market movement, market capitalization ranking, and token information with Crypto.com Price Page.

 Some of the key features of Crypto.com may be inaccessible to  you depending on your location. For instance, lending services are not available to residents of Hong Kong, Singapore, Switzerland, Malta, and the United States.

Crypto.com Exchange Fees and Limits

The trading fees are divided into five tiers based on trading volume. If you stake CRO or pay your fees in CRO, you will get more discounts. Additionally, you will also receive 10% p.a on your CRO stake.

VIP clients are also offered exclusive incentives. You have to mail your application to [email protected]  and if you meet the desired trading volume, you will be a VIP client.

Some of the perks include –

  • Early access to product launches
  • VIP Account Manager and API Tech engineer
  • OTC Block Trades
  • Exclusive research reports
  • 50% commission on net trading fees from your referrals

The withdrawal fee and limit depends on the cryptocurrency you are using. You can check the entire list here.

Crypto.com Exchange Supported Currencies

Crypto.com Exchange supports over 100+ cryptocurrencies. Some of the major ones include:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Binance (BNB)
  • ChainLink (LINK)
  • Tether (USDT)
  • Dogecoin (DOGE)
  • Cosmos (ATOM)
  • Tezos (XTZ)
  • Crypto.org Coin (CRO)
  • Stellar (XLM)
  • & 100+ more

Fiat currency supported by Crypto.com Exchange include

  • US dollar (USD)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Swiss Franc (CHF)
  • Euro (EUR)
  • British Pound (GBP)
  • New Zealand Dollar (NZD)
  • Singapore Dollar (SGD)
  • Japanese Yen (JPY)
  • South African Rand (ZAR)
  •  & 11+ more

Crypto.com App

Crypto.com App offers both iOS and Android apps. You can download these apps via the official Apple Store or Google Play Store.

Crypto.com App Features

  • Crypto.com Visa Card: Convert your cryptocurrency and spend it anywhere that Visa is accepted.
  • Spend Cryptocurrencies with their well-known Crypto.com Visa Card and get up to 8% cashback on every purchase.
  • Crypto.com App – Buy and sell over 100 cryptocurrencies with fiat at their true cost. Pay for daily expenses with crypto using the Crypto.com App and its associated  VISA card.

Crypto.com Exchange App

Crypto.com Exchange App is a trusted and secure platform for advanced crypto traders. Users can access key features, manage their account, and trade on the go. You can download these apps via the official Apple Store or Google Play Store.

Crypto.com Exchange App Features

  • Security: Secure your account with Two-Factor Authentication (2FA), Anti-Phishing Codes, and Biometric ID
  • The Syndicate: Purchase coins like BTC, DOT, and ZIL at up to 50% off
  • Lending: Borrow from the most flexible crypto lending platform with high LTV and flexible repayments
  • Supercharger: Deposit and mine the most popular DeFi tokens with the option to withdraw at any time
  • Soft Staking: Earn up to 4% p.a. just by holding a balance on the Crypto.com Exchange
  • Referral Program: Get up to USD 2,000 in CRO for every friend you refer to the Crypto.com Exchange, and a 50% commission on their trading fees for a year

How to Register on Crypto.com Exchange?

  1. Visit crypto.com/exchange and click the Sign-Up button (upper right-hand corner).
  2. Follow the on-screen instructions and provide us with the necessary information. Your email address will be used to send you a confirmation link, and your date of birth and country of residence helps us make sure you’re eligible. Users must be at least 18 years old.
  3. Click on the Continue button. An email verification containing a one-time password (OTP) will be sent to your registered email. Check your inbox to confirm your registration.
  4. Enter the OTP on the Exchange website.
  5. Create your password for the Exchange and click Submit.
  6. The last step is to verify your phone number. Select the area code of your country using the dropdown list, then input your phone number (without the area code). You will be sent an SMS verification code to enter. Input the code you receive into the field, then select Submit.
  7. You’re done! You will be redirected to the Exchange landing page.
  8. To have full access to the Exchange’s features, please follow the steps to verify your identity in Account Verification.

How to Deposit on Crypto.com Exchange?

To deposit cryptocurrency to your Crypto.com Exchange wallet, you must first be at a Starter level or higher.

If you are not a Crypto.com App user, follow the steps below; otherwise, you can complete an internal transfer.

  1. Visit crypto.com/exchange and select the Log In button (upper right-hand corner).
  2. After you have logged in to your account, click Balance (upper right-hand corner).
  3. Find your cryptocurrency  and select Deposit (e.g. we’ll be using CRO as a reference).
  4. There are two ways to deposit cryptocurrency to the Exchange:
  5. Click on Copy Address, and paste it to the platform where you intend to withdraw your funds from.

OR

  • Click on Show QR Code, and use your platform’s mobile app to scan the QR code.

6. Review your platform’s withdrawal details including the following:

  • the token is an ERC-20 token
  • the correct deposit address is copied
  • any applicable fees
  • other confirmation details i.e. processing time

    7. After the required number of confirmations has been processed, an email confirming the successful deposit of your crypto will be sent to the registered email.

Deposits and Withdrawals on the Exchange.

How to withdraw on Crypto.com Exchange?

To withdraw cryptocurrency from your Crypto.com Exchange wallet, you must first be at a Starter level or higher.

  1. Visit crypto.com/exchange and select the Log In button (upper right-hand corner).
  2. After you have logged in to your account, click Balance (upper right-hand corner).
  3. Find the cryptocurrency you wish to withdraw and select Withdraw.
  4. There are two ways to withdraw cryptocurrency from the Exchange:
    1. Withdraw to an external wallet address OR
    2. Withdraw to your Crypto.com App if you have connected your Crypto.com App to the Exchange.

5. If you are withdrawing to an external address (and not your Crypto.com App), you will first need to add a withdrawal address by selecting Add Withdrawal Address.

6. Adding a new wallet address will require the following:

  • Ensure the currency selected is the right currency you are withdrawing from. You will only see relevant addresses when you decide to withdraw CRO (i.e. if you add a BTC wallet address and are withdrawing CRO, you will not see the BTC address)
  • Add a Label for the address
  • Input your Google verification code
  • Select Save Address

7. Select the withdrawal address in the drop-down list and review the amount you want to withdraw.

8. Select Review Withdrawal once you are ready.  

9. Review Withdraw details. The amount you receive will be an amount after the withdrawal fee has been deducted, where applicable.

10. Select Confirm Withdrawal. Withdrawals to external wallets can take up to 2 hours to process.

How to Trade Cryptocurrencies on Crypto.com Exchange?

To trade cryptocurrency on the Crypto.com Exchange, you must first be at a Starter level or higher.

  1. Visit crypto.com/exchange and select the Log In button (upper right-hand corner).
  2. After you have logged in to your account, you will be able to make trades on the Exchange.
  3. Navigate to the Markets page on the top left of the navigation bar.
  4. Select the market you want to trade in. Navigate to the pair you want to trade in (e.g. CRO/USDT), and select Trade.
  5. Navigate to the bottom right corner to find the Limit, Market, and Advanced order options. Select the type of order you want to trade with and fill in the necessary fields.

Crypto.com Pros and Cons

Pros

  • Complete crypto platform
  • High-speed exchange with competitive fees
  • Frequent promotions
  • Lets you earn returns on deposits
  • Crypto-powered rewards card

Cons

  • Getting the most out of it requires CRO or CRO staking

Conclusion

Crypto.com is a beginner-friendly crypto trading platform that makes it super easy to acquire, exchange, and spend crypto. Additionally, anyone can make use of its other crypto services like its Exchange, its Defi Swap and Wallet, its Staking, Earn, Pay, and Lending features.  This makes Crypto.com  an excellent one-stop shop for all things crypto.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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