Crypto.com is a cryptocurrency trading platform based in Hong Kong that launched in 2016. It now has over 150 cryptocurrencies available to more than 10 million users across the world. Users from 90 different nations can use Crypto.com's proprietary portfolio of crypto-related financial services.
Crypto.com is a cryptocurrency wallet that supports over 180 cryptocurrencies and boasts a long list of currencies, low fees, and extra features for both novices and experts. Beginners might be intimidated by the range of available functions.
Overall, Crypto.com is best suited to those who wish to use their cryptocurrency for more than simply buying and storing it. It's a fantastic platform for active traders and anyone interested in using crypto as a real currency rather than just an asset.
Crypto.com supports numerous spot trading options, with a subset of them available for staking. While there are far too many currencies to list here, you can expect to be able to buy and sell the majority of the most actively traded ones.
On the platform, popular assets include: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin, and Polkadot. CRO is the company's own cryptocurrency. If you have a large stake in CRO, you will get lower trading fees, higher staking interest rates, and greater credit card rewards.
The mobile app is the main connection for Crypto.com, which is accessible on Android and iOS devices. If you're used to trading stocks using a mobile app, you'll feel right at home with the experience.
The Crypto.com app is a user-friendly cryptocurrency management platform that makes it easy to view your portfolio, as well as a list of popular assets. Everything you need to trade currencies, get crypto rewards, make payments with cryptocurrency, or sign up for a Crypto.com credit card can be found in the mobile app.
The first thing we noticed about this exchange is that it doesn't have a lot of features. It does, however, give you basic chart tools and no data at all. However, before purchasing any cryptocurrencies or Bitcoin, you can learn how the blockchain and currency work from their brief overviews.
The firm offers a variety of payment methods, including bank wires and digital currencies such as Bitcoin (BTC), ETH, XRP, Binance Coin (BNB). Crypto.com also supports several fiat currencies, including the Australian dollar (AUD), Canadian dollar (CAD), euro (EUR), pound sterling (GBP), U.S.
New Crypto.com users who do not have any CRO staking will pay a fee of 0.4 percent on transactions with a total monthly volume less than $25,000. Trading fees are lower than those of some large industry competitors, but they are not the cheapest in the market.
With so many new traders joining the market every day, it's no surprise that trading volume is increasing. nThe maker's fee for trade volumes of up to $10 million per month is 0.04 percent; for volumes between $10 million and $50 million, it's 0.1 percent; and for volumes over $50 million.
There are no additional transaction fees, so Crypto.com is a cheap cryptocurrency broker when compared to other options.
To keep customer accounts safe, Crypto.com employs two-factor authentication (2FA) and whitelisting. Of course, to safeguard your account, you should use a strong password and internet security measures. Because cryptocurrency transactions can't be reversed, if your account is hacked, it's unlikely you'll get any of the lost crypto back.
Crypto.com incorporates a number of security measures, such as multisignature technology, to help protect customer funds. To help prevent hacks and losses, it employs comprehensive compliance monitoring and keeps client deposits offline in cold storage. It also collaborates with local financial institutions in the United States to offer $250,000 in FDIC insurance on dollar balances.
Download the Crypto.com app from the Google Play Store or Apple Store to create a Crypto.com account. To begin, input your email and choose a password in the app. Your name, a photograph of your photo ID, and a selfie are used to verify new Crypto.com accounts.
If you're linking a bank account in the United States, you'll be asked to provide Know Your Customer (KYC) information, including your name, contact information, and Social Security number, to verify your identity. Users who have been fully verified can deposit and withdraw up to Crypto.com's daily and monthly caps.
The new account creation procedure, which includes KYC verification, usually takes less than ten minutes. You can probably complete it in five minutes or less if you're a fast typer and have your ID on hand.
The Crypto.com customer care team is accessible through a help page, email, and live chat. For Crypto.com customers, there is no phone support. While customer service is provided by email and chat, several consumers complained of delayed responses and a lack of assistance in resolving account difficulties.
The site earns terrible customer evaluations and is rated 2.3 out of 5 stars on Trustpilot. Customers have had problems with withdrawals, accounts being locked, and bad customer service. Others have complained about hacked accounts and money lost, which is worrisome.
Customer service is a big problem among cryptocurrency exchanges, and Crypto.com isn't an exception. Because customer support isn't always helpful, Crypto.com might be considered a self-service website by most people. Individuals who are somewhat familiar with online financial services and don't require much help should probably go this route.
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When evaluating alternative cryptocurrency exchanges, the following factors will be taken into account: safe, secure, liquid, and either regulated by a competent organization or entirely decentralized.
It's also possible to open an account at Crypto.com, which is a fantastic choice for cryptocurrency traders looking for a platform with low fees and a wide range of supported coins. It's particularly useful for individuals who are comfortable managing their financial accounts via smartphone apps and may be beneficial for those with intermediate crypto knowledge and expertise.
Customer service isn't a strong suit for Crypto.com, much like other cryptocurrency exchanges. As a result, expect to conduct most of your transaction manually. If you're comfortable with that, Crypto.com may be a good fit for you.