Crypto.com Review: An All-In-One Cryptocurrency Trading Platform

If you’re looking to trade in an intuitive crypto exchange with excellent features and low trading fees, you might want to consider Crypto.com. Since its launch in 2016, the platform has increased significantly in market volume and number of users.

You can buy, sell, trade, and spend over 100 cryptocurrencies on the platform. What’s more, Crypto.com has incentivized trading propositions that maximize profitability for investors and traders. In this Crypto.com review, you’ll learn enough to decide if the plaftform is suitable for you.

At a Quick Glance

Key Findings

Crypto.com offers you a lot of tools, products, and features on a hybrid crypto trading experience. You can complete your KYC verification and access all of these tools, personalize your trading experience, and enjoy trading cryptocurrencies on the platform.

Crypto.com has a league of professionals and a team of 1500 persons to bring you one of the best trading platforms you could ask for, plus the speed of execution of trade is also excellent on Crypto.com.

Pros and Cons

What is Crypto.com

Crypto.com is an exchange platform based in Hong Kong with offices scattered around the globe, including the US, Malta, Singapore, China, Japan, Bulgaria, Russia, India, Argentina, United Kingdom, and Australia.

It serves a worldwide community with more than 10M+ users worldwide, and you can access and trade various crypto assets on the platform. There are incentives to keep you hooked on the exchange. We’ll know more of this in the coming sections of this Crypto.com review.

Range of Offering

When it comes to features and products offered, Crypto.com has tons of them. Its team introduced some tools to get the most out of users, enhance their trading experiences, and increase the profitability of their trades and investments.

Crypto.com range of offerings include:

1. Buy and Sell 

Crypto.com allows you to buy and sell crypto assets at standard rates. Plus, you can bid and sell non fungible tokens (NFT) and collectibles from high-value artists in their unique marketplace.

Using your credit or debit card, you can start bidding for NFTs from the lowest possible price, usually $0 and above. For crypto assets, it is easier to buy and sell on the platform and make withdrawals to your bank or wallet, or even an external wallet that isn’t native to Crypto.com.

2. Crypto.com Spend 

Crypto.com Spend offering comprises features such as Metal Visa Card and Crypto.com Pay. 

Metal Visa Card

You can buy and spend your crypto assets with the Metal Visa Card option, including the Crypto.com governance token called the CRO token. 

The Metal Visa Card is peculiar to Crypto.com, and you can apply for it on the platform. Before doing so, you must possess CRO tokens and have participated in staking protocols for up to 180 days.

Application for a Metal Visa Card is easy but requires KYC verification. On completing your sign-up and KYC verification process, you can proceed to the “Card” section on the Crypto.com app. Then select the card you wish to get and have it shipped to you. You can save up to 8% from purchases and spendings on Crypto.com by using the card.

Crypto.com Pay

Crypto.com Pay is another feature provided in the Spend offering. With the Crypto Pay option, you can spend your crypto and earn rewards. Other things you can do include using crypto to buy NFTs, make purchases on supported online stores, purchase Gift Cards, gift cryptocurrencies, top-up mobile airtime. Not only that, you can save up to 10% on your spending by using the Crypto.com Pay option.

3. Crypto Earn

The Crypto Earn offering allows you to stake crypto assets and earn rewards at up to 14.5% APR. You earn rewards weekly or monthly, depending on your personalized settings. You can stake CRO tokens, high-volume crypto assets, and stable coins and earn multi-asset rewards as an investor.

4. Crypto.com Price Checker

With Crypto.com’s Price Checker feature, you can know the instant prices of crypto assets. The information provided here is resourceful and can assist you during trades.

5. DeFi Swap

Crypto.com partners with cross-chain platforms such as Uniswap and PancakeSwap to create a bridge between blockchains. Thus, you can exchange CRO tokens earned in farming pools to other cross-chain token protocols as BSC tokens.

6. DeFi Wallet

DeFi wallet makes it easy to hold, stake, and spend your crypto-assets. You are in total control of your private keys when using Crypto.com’s DeFi wallet. It is secure and easy to use. 

7. DeFi Earn

DeFi Earn enables you to participate in yield farming, a protocol in which you can loan crypto assets and earn interest. It works like the traditional banking system and compounds your earnings using APYs. You can provide liquidity with over 35 crypto assets and earn up to 20X your investment.

8. Crypto.com Ecosystem

The Crypto.com Ecosystem provides integration protocols for blockchain developers and crypto enthusiasts. It provides an interactive environment for the crypto community to build future blockchain innovations and trade securely on the platform.

It includes Crypto.org Chain and Pay for Business, both resourceful for the crypto community to make the most out of Crypto.com protocols.

9. Crypto.com Supercharger

The supercharger is another feature that increases the profitability of investors on Crypto.com. Based on the amount of liquidity provided by an investor using Crypto.com’s governance token, the platform calculates and distributes rewards after every charging period.

Commission and Fee Structure

One thing most folks lookout for during Crypto.com reviews such as this is to ascertain how high or low Crypto.com fees are. Well, the good news is that the fees aren’t scary. You can earn commissions and get discounts on Crypto.com.

Commissions become active through referral bonuses of up to 40% when your referral signs up using your unique referral code, deposits, and trades on the platform. Discounts apply when you join VIP Trading or when you trade at very high volumes. It is active when you provide high liquidity to staking pools or the exchange.

Crypto.com offers one of the lowest fees structure when compared to other decentralized exchanges. The platform is pretty much free to use. Deposits using crypto and Metal Visa Cards may attract processing and VAT fees.

There are no fees when crypto-assets are exchanged or transferred between protocols like DeFi wallets within the platform. However, fees apply to some categories such as:

Trading Fees (Maker/Taker Fees)

Maker and taker fees apply when you trade on Crypto.com. These crypto.com fees are minor when compared to fees charged when using related platforms. The fees apply to spreads during trades. Market markers or fund providers’ fees are lesser than that of takers who short the market.

Crypto.com charges you a fee for every trade you execute until you fill your orders. However, VIP trading fees apply when you trade at high volumes. Discounts may apply to every transaction you make on the platform.

Withdrawal Fees

Crypto.com fees apply when you withdraw cryptocurrencies. Withdrawal fees vary from one cryptocurrency to another. You should pay attention to these fees before making any withdrawal. You may also want to withdraw in bulk to reduce the effect of the charges.

Credit Card Fees

Standard fees apply when you buy or spend using credit cards. However, with Crypto.com’s Metal Visa Card, there are no fees attached when you purchase cryptocurrencies.

Swap Fees

Swap fees apply when you swap between ERC-20 and BEP20 tokens on DeFi platforms like Pancakeswap or Uniswap. Crypto.com does not decide these fees; instead, the exchange platforms do.

Ease of Account Opening

It is very easy to create an account with Crypto.com. By visiting the website, you can sign up to join its exchange web software. The account creation process requires you to enter your valid details and follow the ensuing instructions.

After submitting the form, you can access the charts and features of the exchange/trading app. However, to deposit or withdraw on the platform, you must provide your KYC details.

KYC Verification

Crypto.com is a centralized and decentralized crypto trading platform requiring KYC verification to enjoy full rights and tons of features/products. For the KYC registration, you must provide:

• Your full name
• Government-issued ID (Driver’s license or passport)
• A recent photo of yourself

Verification may take 2-3 days before confirmation. If unsuccessful, you can try again or contact customer support for proper guidance.

Deposit and Withdrawal

Ordinarily, Crypto.com does not support deposits and withdrawals using fiat. However, you can purchase and withdraw cryptocurrencies using other crypto-assets through an external crypto address. 

With the introduction of the Metal Visa Card, deposits and withdrawals are possible with fiat. However, you’ll need to complete your KYC, hold, and stake CRO tokens to order it. Plus, it may take some time to get shipped to your destination or possibly not even arrive due to regulatory problems that may suffice.

Cryptocurrencies that your preferred wallet does not support can be exchanged or swapped on cross-chain platforms like Uniswap and Pancakeswap. Withdrawal fees apply accordingly. The minimum deposit and withdrawal is $500 USDC, while the maximum deposit is $250,000 USDC and $500,000 for withdrawal.

Platform User Interface and Trading Experience

Crypto.com Exchange allows you to trade over 1000 crypto pairs at low fees. Users can access the exchange on the web as well as the application. It is easy to use and navigate, and with one click, you can view all the available tools and features.

There is a comprehensive charting system that provides timely price actions of crypto assets. You can personalize your trading experience and customize your trade environment. Crypto.com is cross-platform and has a desktop application with all the features in the web application.

You can download and install it easily through their website. It also has an intuitive Crypto.com digital wallet. You can always toggle between dark and light modes, depending on your visibility status.

Trading Experience with Crypto.com is good. In terms of user experience, it is excellent, and the placement of orders is timely and hassle-free.

Mobile Application

Crypto.com is mobile compatible. You can simply download its mobile application from Playstore or Apple Store. It has all the features in web and desktop applications, include a mobile digital wallet.

Supported Cryptocurrency

There are over 90+ supported cryptocurrencies, and you can trade them in pairs. You can trade high-volume and low-volume cryptocurrencies like Bitcoin, ETH, Litecoin, USDT, BNB, and many more cryptocurrencies. 

Educational Tools

There is an active educational tool on Crypto.com known as Crypto.com University. You can get cryptocurrencies, trading, and blockchain technology courses there. There are also other resources to enhance your trading experience, including a blog and FAQ section.

Customer Support

Customer support is not great based on user reviews, as feedback could take so much time to get to you. However, this may be different for other people. If you have any issue or query, you can contact customer support, activate a support ticket, and table your complaints.

Crypto.com reaches out to its users through other digital channels such as Github and social media platforms like Facebook, Reddit, Twitter, Linked In, Instagram, Telegram, and Discord. You can also talk directly to their customer support through Kakaotalk.

Regulation and Security

Being a centralized and decentralized exchange, Crypto.com follows regulations by international law enforcement authorities against AML policies. It is also KYC compliant, and you can find the platform’s regulatory inquiries on its About page. 

Security on Crypto.com is top-notch. The platform is audited and utilizes secure databases such as AWS for its online services. User data is highly protected. 

Crypto.com partners with Ledger Nano to protect user data in an offline cold wallet, with over $360 million stored offline. Corporate funds are, however, held in hot wallets to ease daily withdrawals.

Security is an utmost priority for Crypto.com, and there is a team of technical professionals who actively test for vulnerabilities on the platform.

Is Crypto.com Safe?

The simple answer is yes. Crypto.com is safe and secure for trading and insures your funds against third-party theft and hacking.

Conclusion

One thing we’ve successfully established in this Crypto.com review is that the platform is legit and worth your time and investment. It has some great features, and it’s pretty intuitive. However, the platform has some pitfalls, such as its poor support response time. But on a general scale, it’s a thumbs up for crypto.com

Frequently Asked Questions (FAQ)