In a race to get the best out of the crypto world, everyone is in a search of safe, user-friendly cryptocurrency exchange. Which one to choose out of the plethora of exchanges on the internet? Today let us review crypto.com. In this crypto.com exchange review, we will analyze the pros, cons, features, app, and the overall rating
Official Website | https://crypto.com/ |
Founding Year | 2016 |
Head Quarters | Singapore |
Trading Volume | $140 Million |
Trading Options | Spot, Derivatives, Margin, OTC, Warrants |
Trading fees | 0.00-0.075% Maker Fee, 0.05 – 0.075% Taker Fee |
Total listed Coins | 250+ |
Trading Pairs | 500+ |
Supported fiat | 20+ |
Withdraw options | ERC, TRC, BEP2 & BEP20 supported |
Bank withdrawal Supported | Yes |
Withdraw fees | Varies from crypto-to-crypto |
Deposit methods | ACH bank Transfer, Bank wire transfer, Google Pay, Apple Pay |
Restricted countries | 7+ |
Native Token | Cronos (CRO) |
Mobile app | Available on Google & Apple Play store |
Support Channel | https://help.crypto.com/en |
Coinpedia rating | 8/10 |
Security rating | 8/10 |
User Interface | Easy to use |
Ease to set up | Easy |
App store Rating | 4.4 |
Play store Rating | 4.6 |
Security | Secured |
Hacking attempts/Hacks | Hacked in Jan 2022 |
KYC verification duration | 3-4 days |
Regulation & Compliance | Compliant |
Liquidity | Highly Liquid |
Proof Of Reserve | https://crypto.com/proof-of-reserves |
Crypto.com is a centralized cryptocurrency exchange that was founded in 2016 by a group of founders – Kris Marszalek, Rafael Melo, Bobby Bao & Gary with a vision of ‘cryptocurrency in every wallet’. Initially, the company name was Monaco. But in 2018 they rebranded as crypto.com after purchasing the domain from a cryptography professor.
So what can you do on crypto.com?
Crypto.com has its own native coin ‘Cronos’ (CRO). The best part is that if you are buying Cronos and staking it, you will get more rewards and an additional discount on the trading fee. In addition, they offer a wide variety of reward programs and benefits for their customers. You can explore it in the features section
As of now, Crypto.com has 70 million active users across 90 countries and 2.5 million followers on Twitter.
It offers more than 270+ cryptocurrencies on its platform. Crypto.com has its own native coin – CRONOS (CRO). If you stake CRO, you can earn up to 14.50% interest rates and also discounted trading fees and rewards in crypto.com debit cards.
Some of the fast-moving cryptocurrencies are
For a full list of cryptocurrencies on crypto.com, click here
You can set up an account using the Crypto.com website or Mobile App. Make sure you have Govt issued photo id with you and also, you must at least 18 years old to start an account.
Let us explore the steps to register your account
There are numerous ways to buy cryptocurrency using crypto.com. It includes bank transfers, credit/ debit cards, crypto-to-crypto transfers, etc.
Let us explore how to buy cryptocurrency using a credit/ debit card.
Crypto.com users can withdraw USD from the App by selling crypto to their USD fiat wallet and transferring USD funds from this wallet to their U.S. bank account(s) on the ACH network.
How to sell Crypto to Fiat?
Crypto.com does not support all tokens. Check here for the complete list of supported tokens on crypto.com
Let us explore the steps to deposit crypto on crypto.com
Once the transaction is on the blockchain, it will take the following number of confirmations for the deposit to appear in your Crypto.com App
When it does, you will receive an email notification about the successful deposit.
2FA is required for cryptocurrency withdrawals.
Wait for the withdrawal to be processed. 24-48 hours to process a withdrawal.
Trading fee is one crucial criterion every investor looks for when selecting the best exchange for trading needs. Crypto.com has understood this and has reflected this in its volume-based trading program.
However, for a new/ regular trader, the maker and taker fee is 0.0750% if their trading volume is ≤ 250,000 (USD) for both spot and margin trading. But, if the user opts for any of the below-mentioned trading programs, their trading fee is significantly reduced. The maker fee becomes 0.00% irrespective of the trading volume. However, the taker fee varies depending on the 30-day trading volume.
Crypto.com provides two unique trading fee programs for traders
In this program, the users are ranked based on their trading volume. VIP Tier 1 is the lowest and VIP Tier 2 is the highest. The VIP program can be applied for both spot trading and derivatives trading.
Other perks include – dedicated 24/7 account support, robust API connectivity, a secured private link for increased stability, and early access to research reports by the crypto.com research & insight team.
You can find the trading fee depending on the trading volume in the below table
VIP Programme – Spot Trading & Derivatives Trading Fees
VIP Tier | 30-Day Spot/ Derivatives Trading Volume (USD) | Spot Trading – Maker Fee | Spot Trading-Taker Fee | Derivatives – Maker Fee | Derivatives – Taker Fee |
VIP 1 | ≥ 0.10% | 0.00% | 0.040% | 0.00% | 0.024% |
VIP 2 | ≥ 0.25% | 0.00% | 0.035% | 0.00% | 0.022% |
VIP 3 | ≥ 0.50% | 0.00% | 0.031% | 0.00% | 0.020% |
VIP 4 | ≥ 1.00% | 0.00% | 0.028% | 0.00% | 0.018% |
VIP 5 | ≥ 2.00% | 0.00% | 0.025% | 0.00% | 0.015% |
An exclusive program for institutional traders who provides liquidity to the exchange. They get bespoke maker fee rebates and taker fees as low as 0.020%. Other perks include 24/7 account support, the virtual private link for increased security, etc
Crypto.com accepts bank ACH transfers, wire transfers, and Bank credit/ debit cards as supported payment methods. There is no deposit charge however there is a minimum withdrawal amount and fees which varies from cryptocurrency to cryptocurrency.
Click here to view the complete list of minimum withdrawal amounts and fees
Cryptocurrency & Fiat Deposit Fee | Free |
Cryptocurrency Withdrawal Fee | Depends on Cryptocurrency |
Fiat Currency withdrawal Fees | $25 USD |
In the case of bank transfers, the daily limit is given below. Institutional clients enjoy a free withdrawal fee
FEDWIRE/ SWIFT | SEN | |
Minimum | $500 USD | $500 USD |
Maximum | Unlimited | Unlimited |
FEDWIRE/ SWIFT | SEN | |
Minimum | $500 USD | $500 USD |
Daily Maximum | $1,000,000 USD | $10,000,000 |
Crypto.com offers you an irresistible Referral Programme where you can earn up to $2000 (in CRO) for every friend you refer. More than that you can get a 50% commission on their trading fees for 12 months. There are no referral limits and bonuses are credited instantly.
Eligibility requirements for referee
Successfully verified their KYC at the advanced level
Completed their first CRO stake* on the Crypto.com Exchange
Eligibility requirement for referrer
Successfully verified their KYC at the advanced level
Staked at least 1000 CRO on the crypto.com exchange
Please note that this referral program does not count cross-platform entries. Eg:- As a Crypto.com website-only user, the referral code will not be valid for app sign-ups and vice versa. So to be on the safer side referrer must have an account on the same platform as his/ her referrals.
Crypto.com App has a simple user interface where a user can find his portfolio, major assets, market trends & charts in one place. The app is available both on Google and Apple play store. A new user will get an incentive to purchase cryptos using a credit/ debit card without fees for the first seven days on Crypto.com App.
The app features an In-App University where new users as well as experts can learn more about cryptocurrency, blockchain & everything about the crypto world. A learner may opt for a reward program where he/she achieves ‘Diamonds’/reward points for the completion of the final test. These reward points can be used to redeem mystery boxes that hold a certain amount of cryptos.
Crypto.com has a help section on its website from where customers can find common troubleshooting problems and FAQs. In case you can’t find the query, you can click on the chat section where bot chat will reply to your queries. Crypto.com does not have a customer support agent via call.
20 Mar 2023 – Great news for Crypto.com traders! The company has received its MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA), which allows it to expand its range of regulated virtual assets activities, providing customers with a more comprehensive and secure crypto experience.
Crypto.com offers a wide variety of digital assets and gives more benefits to Cronos Buyers. If you are a market maker/high-volume trader/ stakes Cronos, you can become a rockstar on this platform. The rewards and bonuses are plenty for such users. Moreover, the referral program is good for a decent passive income opportunity.
The only downside is for users who do not want to invest much in Cronos.
Yes, crypto.com is one of the leading complaint cryptocurrency exchanges that is committed to security first. 100% of the cryptocurrency is stored offline and fiat funds are in bank custody. It has got multi-factor authentication for login and transfer of cryptos.
Yes, Crypto.com has secured a US $100M direct insurance policy led by Arch Underwriting at Lloyd’s Syndicate 2012. This is the largest coverage that Crypto.com has secured for its cold storage assets on custodial partner Ledger Vault.
Yes, as of now, Crypto.com hold private keys to ensure easier account recovery. Crypto.com assures their user that their data and assets are extremely safe with them as it is in the best cold storage and highest insurance coverage
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