Crypto.com is a cryptocurrency website where you can buy, sell, and trade cryptocurrencies. In addition, the site is a complete cryptocurrency platform with many relevant features for traders to leverage. The idea is that Crypto.com can be your “one-stop shop” for all your cryptocurrency needs. So far, over 10 million users have used their services.
What can Crypto.com offer to cryptocurrency traders, investors, and enthusiasts alike?
Crypto.com Features
Crypto.com offers a trading platform where you can buy, sell, and trade over 100 cryptocurrencies. Most transactions can be performed on the site’s mobile app, which is available for Android or iOS. From there, you can access all of their features.
Crypto.com offers educational resources for people who are new or interested in crypto. In addition, they provide resources for margin and derivatives trading for more experienced users. The advanced trading resources provide a lot of value for experienced traders. But they also offer simpler features that are tailored to cryptocurrency beginners. Another more advanced feature Crypto.com offers is DeFi (Decentralized Finance) tools. You can farm DeFi tokens and earn interest from DeFi protocols.
Currencies Available on Crypto.com
Crypto.com enables trading for over 100 cryptocurrencies. It offers leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). You can shop for the most popular coins via Crypto.com’s Price Page, in addition to viewing live prices.
At the time of writing, the top cryptocurrencies on Crypto.com are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USD)
- Binance Coin (BNB)
- Cardano (ADA)
- Ripple (XRP)
- USD Coin (USDC)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Binance USD (BUSD)
Security
One of the main things that Crypto.com is known for is its strong security features. All users have access to modern security features. Multi-factor authentication and anti-phishing protections are found on all Crypto.com platforms to secure the network. Additional protections include:
- Biometric checks
- Email verification
- Phone verification
- Authenticator checks
Crypto.com also claims to employ leading security firms to perform regular stress tests, and the site also uses HackerOne to identify weaknesses.
In the event that security measures should fail, Crypto.com states that they have USD $360 million in insurance to cover physical damage, destruction or third-party theft. All cryptocurrencies are stored offline in cold storage.
Fees
Crypto.com boasts of low transaction fees. For one, depositing money into your Crypto.com wallet is free. You can then use those deposited funds to buy cryptocurrencies at their true, live cost. Overall, this makes it a high-value option for crypto transactions.
For the first 30 days that you transact on Crypto.com, you do not need to pay any added fees. After that “free trial” period* Crypto.com will charge you a 2.99% fee for crypto purchases made with a debit or credit card. However, you do not need to pay fees for crypto purchases made with your deposited funds.
Crypto.com charges a small, transparent, volume-based fee. Essentially, the larger your transaction is, the smaller proportion you pay in fees. Crypto.com lays out its sliding fee structure plainly and transparently on its “Fees and Limits” page.
*Certain terms and conditions apply.
Crypto.com Mobile App
The Android and iOS mobile apps are high-quality, and you can use either for all important products and services offered by Crypto.com. The apps are intuitively designed and easy to use.
Customer Service
Crypto.com offers customer service via any of the following options:
- Phone
- FAQs
- Automated chat
The in-app/in-website chat feature is available 24/7. Overall, Crypto.com seems to have a good track record of handling inquiries on platforms like TrustPilot. However, one of the most common complaints among users filed to customer support is slow responsiveness on the app. This can be frustrating if you are having issues with your account or trying to access your funds. But Crypto.com will still see to it that your problems are resolved as efficiently as possible.
Crypto.com Products
You can take advantage of several free resources on Crypto.com. Here are a few.
Crypto.com Exchange
Crypto.com offers an exchange service that doubles as a banking service. You can exchange fiat currencies and cryptocurrencies, which can both be stored on your account. If you get paid in cryptos, you can hold them on your Crypto.com account. For a full list of the cryptocurrencies offered on Crypto.com offers and their prices, click here.
Crypto.com App
The Crypto.com App, which is available for Android or Apple phones, can be downloaded from Google Play or the App Store. You can use the Crypto.com App for all of the functions offered on the company website. You can conduct exchanges, and buy or sell cryptocurrencies. Alternatively, you can seek customer support.
Overall, the Crypto.com App is intuitively designed and very user-friendly. The app design is very user-friendly, with a focus on functionality. One other benefit of Crypto.com apps is that you can use them to purchase cryptocurrencies. You can then use the app as a mobile wallet. Spending cryptocurrencies on purchases is very easy. You can also take advantage of the cashback option offered on the Visa credit card while doing so.
Crypto.com Earn
Crypto.com Earn is the company’s equivalent of a savings bank account. You simply deposit cryptocurrencies to your Crypto.com account and receive weekly interest payments. You can earn up to 14% on stablecoins and up to 8% on other digital assets.
Crypto.com Visa Card
Crypto.com also offers its own Visa card. You can qualify for one of their cards after you buy a stake in the Crypto.com Coin (CRO). The larger your stake, the more rewards you are eligible for. Anyone with an account is eligible for the “Midnight Blue” card, which offers a 1% cashback reward. From there, you can invest more to increase your rewards.
How to Open an Account with Crypto.com
You can open an account with Crypto.com relatively easily. Just go to the website if you want to get started. While you can set up an account very quickly, there are a few things you’ll need to do before you can use all Crypto.com services. The company must follow risk-prevention regulations, so accounts cannot be used anonymously.
After you register, you will be asked to provide:
- Your full name
- Government-issued ID (with a photograph)
- Verification of identity
You will normally verify your identity with a selfie. Your selfie will be compared to your government ID photo automatically. Once you’ve verified your identity, you can start trading.
