Crypto.com is acknowledged as one of many prime cryptocurrency exchanges in accordance with CoinMarketCap, due to its spectacular buying and selling quantity, numerous options, and excessive liquidity. This platform offers many monetary merchandise, together with a cryptocurrency trade, DeFi companies, and an NFT market. On this Crypto.com assessment, you’ll study the platform’s professionals and cons, discover its varied choices, and discover out whether or not it actually lives up to the hype.

Key Takeaways:

• Crypto.com is a well-liked crypto trade app that gives buying and selling options comparable to spot, margin buying and selling, and derivatives contracts.
• Crypto.com is greatest for customers searching for immediate crypto purchase/promote choices on the app, buying and selling NFTs, and incomes excessive staking rewards.
• The Crypto.com App costs aggressive buying and selling charges of 0.15%/0.3% (maker/taker) for spot buying and selling and 0.02%/0.04% for futures buying and selling.

Crypto.com Evaluation: At a look

What’s Crypto.com?

Crypto.com is a complete crypto platform designed for buying and selling cryptocurrencies. It helps over 350 property and provides a number of buying and selling markets, together with spot, margin, and crypto derivatives contracts. 

You may leverage up to 5x on margin trades and 50x on futures contracts. The platform options greater than 580 buying and selling pairs, together with standard ones like BTC/USDT and ETH/CRO, enabling a variety of transactions between varied cryptocurrencies.

The trade emphasizes safety, holding the best safety certifications within the trade, comparable to ISO/IEC 27001:2013, and providing multi-factor authentication (MFA) and insurance coverage on property held in chilly storage. It additionally has the Crypto.com App, which has over 100 million customers globally. To start out buying and selling, you need to full a registration course of with KYC verification.

Crypto.com Alternate provides aggressive charges, beginning at 0.15% per commerce, with reductions out there for high-volume merchants and people staking CRO, the platform’s native token. It is usually the greatest crypto staking platform with APYs up to twenty% on crypto holdings. Obtainable globally, it’s accessible by way of desktop and cellular apps, making it appropriate for each newbie and superior merchants.

Crypto.com Execs

• It helps greater than 350 completely different digital property for buying and selling
• Earn up to twenty% APY on staked cryptocurrencies
• Chilly storage for 100% of person property and has an insurance coverage coverage
• It provides an entire ecosystem, together with DeFi companies, an NFT market, and the power to earn rewards
• Crypto.com Visa cardholders can earn cashback in CRO tokens​
• Trading bots for automated buying and selling methods

Crypto.com Cons

• Larger buying and selling and withdrawal charges in comparison with exchanges like Binance and Bybit
• Some options, comparable to margin buying and selling, are unavailable to U.S. residents​
• Decrease leverage within the derivatives market in comparison with rivals

Cryptocurrencies Obtainable on Crypto.com

Crypto.com provides about 350 cryptocurrencies and round 580 buying and selling pairs. This vary consists of standard cash like BTC, ETH, and XRP, in addition to stablecoins comparable to Tether (USDT) and USD Coin (USDC). The platform additionally helps many new and area of interest tokens.

You will discover varied crypto-to-stablecoin pairs, comparable to BTC/USDT, ETH/USDC, and XRP/USDT and crypto-to-crypto pairs, together with BTC/ETH and DOT/BTC, offering flexibility for portfolio administration.

For these exploring area of interest markets, Crypto.com provides tokens in particular sectors. This consists of NFT tokens, metaverse cash for digital worlds, and Actual World Belongings (RWAs) that join conventional finance and blockchain. Plus, You may uncover varied DeFi tokens and tokens associated to sensible contracts like APT and SOL.

Crypto.com Options Evaluation

Crypto.com App

The Crypto.com App is a cellular app out there for each Android and iOS units. It’s a central device for managing cryptocurrency. It lets you commerce all standard digital property like BTC, SOL, MATIC, ADA, and ETH. 

Purchases may be made utilizing a linked checking account, debit, or bank card. The app additionally helps recurring buys, enabling you to automate cryptocurrency purchases at common intervals. 

Extra options embrace a fiat pockets for straightforward conversion between fiat foreign money and crypto and a price monitor operate that helps you monitor market costs with real-time alerts. The app can also be excellent for anybody seeking to handle a various portfolio whereas additionally utilizing crypto for funds and investments.

Derivatives and Margin Trading

For these desirous about buying and selling with superior instruments, derivatives, and margin buying and selling can be found on the Crypto.com Alternate.

Derivatives buying and selling lets you commerce perpetual contracts with up to 50x leverage for BTC and ETH and 20x leverage for lower-cap altcoins like SOL, ADA, and CRO. Margin buying and selling is offered with up to 5x leverage. It helps you commerce by borrowing funds from the platform. 

These instruments include excessive threat however can amplify returns for seasoned merchants. The trade additionally provides a wide range of different order varieties, comparable to stop-loss, take-profit, and OCO restrict orders to reinforce buying and selling methods.

NFT Market

Crypto.com NFTs are one other essential characteristic for merchants. You may buy, promote, and commerce non-fungible tokens (NFTs) instantly on the location. 

You will discover a various number of digital artwork from well-known artists and types. {The marketplace} additionally works with Crypto.com Pay. This implies you should purchase NFTs utilizing cryptocurrencies comparable to CRO, Bitcoin, and Ethereum. 

Moreover, NFTs may be maintained utilizing the Crypto.com DeFi Pockets. This offers flexibility for customers who take part in each the DeFi and digital artwork ecosystems.

Crypto.com Card

The Crypto.com Visa Card provides a method to spend crypto in the actual world. This pay as you go card lets you convert and spend cryptocurrency at over 60 million retailers worldwide that settle for Visa. 

Cashback rewards, referred to as CRO rebates, are supplied on each buy, with up to five% again for customers who stake CRO. The cardboard additionally consists of perks like airport lounge entry, which scales primarily based on the quantity of CRO staked. This makes it a gorgeous possibility for these seeking to seamlessly combine cryptocurrency into their day by day bills.

The Crypto.com card is available in completely different varieties with variable reward tiers and advantages. Test the given picture beneath.

DeFi Pockets

The Crypto.com DeFi Pockets is a non-custodial crypto pockets. It offers you full management over your cryptocurrency. In contrast to the Crypto.com App, which manages your property for you, the DeFi Pockets helps you to maintain your personal non-public keys. This implies you may securely handle your property in a decentralized means, with out counting on a government.

You should use the pockets for varied decentralized finance (DeFi) actions like staking, swapping tokens, and lending throughout a number of blockchains. You may even swap tokens between completely different networks (cross-chain swaps), which makes managing a number of crypto property simpler.

Just lately, the DeFi Pockets additionally added leveraged perpetual contracts. This characteristic helps you to commerce with up to 100x leverage, instantly inside the app.

Crypto.com Charges

Crypto.com provides aggressive charges, particularly for high-volume merchants and people staking CRO tokens. On the trade, buying and selling charges start at 0.15% maker and 0.3% taker charge per transaction, and customers who stake CRO are eligible for added financial savings. For the futures market, it costs 0.02% maker and 0.04% taker charges. 

Here’s a fast overview of Crypto.com spot buying and selling charges for high-volume merchants:

When transferring property inside the app ecosystem or depositing cryptocurrency, Crypto.com doesn’t impose charges. When transferring funds to exterior wallets, withdrawal charges do apply they usually differ in accordance with the coin and blockchain community. 

As an example, the 0.0005 BTC value for BTC withdrawals on the Bitcoin community may be excessive compared to sure different exchanges. Test the full Crypto.com charge particulars right here.

Crypto.com Safety Evaluation: Is It Secure & Legit?

Crypto.com has taken stringent safety measures to safeguard its customers’ funds and knowledge. A key element of their technique is to maintain all person digital currencies in chilly storage, enormously decreasing the hazard of hacking. 

Crypto.com additionally employs cutting-edge know-how, comparable to {hardware} safety modules (HSMs) and multi-signature keys. Which means that even when one layer of safety is breached, further safeguards are in place to guard funds. Moreover, the app has a $150 million insurance coverage protection that covers losses from theft, bodily injury, and even sure third-party dangers.

It additionally takes further precautions with person accounts by providing two-factor authentication (2FA). The platform additionally incorporates real-time menace monitoring, constantly scanning for suspicious actions and potential vulnerabilities. 

On the regulatory aspect, Crypto.com operates underneath a number of worldwide licenses. In the USA, it’s regulated by FinCEN (Monetary Crimes Enforcement Community), and it holds licenses comparable to:

• Dubai Digital Belongings Regulatory Authority

• Digital Cash Establishment (EMI) license in Europe

• Australian Monetary Providers License (AFSL)

• Class 3 VFA license by Malta Monetary Providers Authority (MFSA)

• Digital Asset Service Supplier in France

Buyer Service and Trading Expertise

The customer support is mostly supportive and useful. Assist is offered via e-mail, stay chat, and a assist middle. You will discover solutions to frequent questions within the assist middle. This makes it simple to unravel easy points shortly.

The buying and selling expertise on Crypto.com can also be user-friendly. The app is straightforward to navigate. The structure is customizable and the platform provides options like spot buying and selling and margin buying and selling. Crypto.com additionally receives constructive critiques from prospects, with a 4.4/5 ranking on the Play Retailer and a 4.6/5 ranking on the App Retailer.

Methods to Open a Crypto.com Account

1. Obtain the app and create an account: Take a look at the Apple App Retailer or Google Play Retailer. Obtain “Crypto.com” by looking for it. Choose “Sign Up”. You’ll must set a robust password and enter your e-mail handle.
2. Full the KYC: You now must show who you’re. Enter your handle, identify, and birthdate. As well as, you need to present a selfie for verification together with an identification doc, comparable to a passport or driver’s license.
3. Deposit cryptocurrency or fiat foreign money: To fund your Crypto.com pockets, hyperlink your checking account or use a debit or bank card. Moreover, you may deposit cryptocurrency from different exchanges like OKX or Bybit.
4. Begin Trading Crypto: You can begin buying and selling cryptocurrencies as quickly as your account has been funded and established. You may also discover variables like market traits and price charts to get extra data earlier than making a commerce.

Watch detailed tutorial: Crypto.com Tutorial | Full Novices Information on How To Set All the things Up!

Crypto.com vs. Different Crypto Exchanges

Binance, Coinbase, and Bybit are the three prime alternate options to the Crypto.com trade. Here’s a fast comparability:

Conclusion: Crypto.com Alternate Evaluation

In a nutshell, this Crypto.com assessment reveals a platform that stands out for its strong security measures, superior options, and user-friendly design. With assist for over 350 cryptocurrencies and a dedication to regulatory compliance, Crypto.com is well-suited for each novice and skilled merchants. 

Whereas there are some drawbacks, comparable to larger charges in comparison with rivals, the general worth it offers makes it a worthy consideration for anybody seeking to have interaction in cryptocurrency buying and selling.

FAQs

Is Crypto.com out there in New York?

No, Crypto.com shouldn’t be accessible in New York. It’s the solely state within the US the place residents are unable to make use of the platform. The most effective crypto exchanges in New York are Coinbase and Gemini.

Who’s Crypto.com good for?

Crypto.com is an efficient selection for merchants who worth safety and regulatory compliance. The platform is licensed and provides excessive safety for customers. It is usually appropriate for NFT merchants who wish to purchase and promote digital artwork and collectibles simply. These desirous about incomes rewards can even profit from staking. 

Moreover, individuals who wish to use cryptocurrency for day by day transactions will discover Crypto.com handy, particularly with the Crypto.com Visa card.

What are the advantages of CRO tokens?

CRO tokens present a number of benefits for customers. One principal profit is the power to earn staking rewards, which permits holders to earn curiosity on their tokens. 

One other benefit is that CRO tokens can be utilized to pay transaction charges on the Crypto.com platform, usually at a decrease charge than utilizing different cryptocurrencies. Plus, customers can entry unique rewards and advantages after they maintain CRO, comparable to larger cashback rewards on the Crypto.com Visa card. The token can be traded on varied exchanges, giving it good liquidity.