Crypto.com Review: An Unmissable Crypto Exchange

Are you planning to start investing in cryptocurrencies in the near future? You have probably already heard about Crypto.com among the serious platforms that control the cryptocurrency market. Here is our review and test of the crypto exchange.

Crypto.com was created in 2016 by Chris Marszalek with the goal of becoming a key player in the cryptocurrency market internationally. It is a platform with a complete ecosystem of cryptocurrencies. This ecosystem is based on an application that facilitates transactions and democratizes cryptocurrencies.

Our opinion about Crypto.com

What is Crypto.com?

Crypto.com is a cryptocurrency exchange platform founded in 2016 by Chris Marszalek. From its base in Hong Kong and an office in Singapore, the trading platform is present in hundreds of countries around the world. From its former name “Monaco Technologies GmbH”, the site received the slogan “Spend everywhere for free”.

With its trading platform and especially its app, Crypto.com is an easy and practical way to buy, exchange, sell and spend multiple cryptocurrencies. It offers Bitcoin and over 70 other top-tier cryptocurrencies, including all 21 fiat currencies. 2 years ago, the startup launched non-custodial services Defi Wallet, Defi Swap and switched from the MCO token to the CRO token.

Other pictures below give a better idea of ​​this growing platform:

• Users worldwide: more than 10 million;
• Insurance coverage: US$750 million;
• Employees: 4000 people;
• Active presence in social networks: 30 special crypto communities;
• Supported pairs: 100;
• Number of cryptocurrencies: more than 200;
• Maximum leverage: 10;
• Supported Fiats: 20+;
• Own token: 1 (CRO);
• Daily volume: 0.0 BTC.

Various platform features

Crypto.com defines itself as a platform that operates primarily for the exchange of cryptocurrencies. It offers several offers in terms of services and products.

Buying and selling cryptocurrency

With its app available on Android and iOS, Crypto.com makes it easy for its customers to buy and sell over 200 cryptocurrencies. This simple and beginner-friendly application allows traders to manage their accounts and make payments in cryptocurrencies.

Professional trading

The Crypto.com trading software is comprehensive. It offers the best professional analysis and performance measurement tools to enable experienced traders to invest in line with their goals. The platform allows you to trade on margin using leverage effects that go up to 10.

NFT platform

A few months ago, Crypto.com launched a service dedicated to NFTs. The projects launched on the NFT platform are related to the exhibition, sale and purchase of visual art objects. A real advantage over competitors. The NFT platform offers a trading platform that allows you to exchange: at an auction or at a fixed price between buyers and sellers, their non-fungible tokens. This is the case of NFT UFC or Aston Martin.

CRO Token

Crypto.com recently launched its own token: the CRO token that crystallizes its ecosystem. Thanks to this token, customers can place profitable bets on the platform. For transactions settled with CRO, they get lower trading fees, 10% APR, and a more attractive Visa card.

Crypto loans

On the Crypto.com platform, you have the opportunity to borrow money. Its lending/borrowing service, dubbed Crypto Lending, allows traders to borrow an amount equal to 50% of their pledged cryptocurrency, with collateral.

As long as the currencies continue to work on the site, you repay the loan at your own pace. So you can borrow Eth, Btc, USDC or USDT with an adjustable guarantee level from 25% to 50%.

Bid

In addition to CRO staking, Crypto.com, like other platforms, offers Soft staking. The main advantage of this staking is that it generates interest on the assets that the trader owns in the portfolio on the platform.

visa cards

Through a partnership established with Visa, Crypto.com provides bank cards to traders based on the amount of CRO they host on their platform.

These are the cards:

• Ruby Steel: allows you to get monthly refunds for Spotify subscriptions;
• Royal Indigo: obtained by purchasing and staking €3,000 worth of CRO tokens for 180 days on the Crypto.com exchange;
• Midnight Blue: Still offering 1% CRO cashback on card spend;
• Frosted Rose Gold: Intended for consumers who don’t want (or don’t qualify for) a regular credit card;
• Obsidian: Proof-of-Stake (PoS) blockchain platform for anonymous and private messaging.

Depending on the card, the customer receives more or less significant benefits in terms of CRO cashback, monthly ATM withdrawals, monthly trading volume, refunds on Netflix, Amazon Prime subscriptions, and cryptocurrency purchases.

Defi wallet and swap

To protect the virtual currencies of customers, the Crypto.com platform offers a crypto wallet that allows you to manage, store and quickly transfer cryptocurrencies. Its compatibility has more than 100 currencies. The Crypto.com wallet is protected by biometric recognition and double authentication.

You are entitled to an exchange system that allows you to exchange one currency for another with a single click, defining the cryptocurrency you own and the one you want.

Assets available on Crypto.com

On the Crypto.com platform, investors have access to just over 200 cryptocurrency pairs for trading.

The following currencies can be traded without restrictions:

• ADA/USDT;
• AWACS/USDT;
• BTC/US Dollar;
• DOGE/USDT;
• SOL/US Dollar;
• Ether/US dollar;
• CRO/USDT;
• POINT/USDT.

The advantage of Crytpo.com is that its platform offers both popular and lesser-known cryptocurrencies. Some cryptocurrency pairs allow you to use up to 10 leverage.

Crypto.com pricing policy

Once your account is created with Crypto.com, you must make an initial transfer which has a minimum amount of €20. This amount is used to start transactions.

The platform offers, depending on the products, affordable fees compared to other centralized exchange platforms.

Commission for deposit and withdrawal of funds

Depositing and withdrawing fiat currencies with SEPA transfers on Crypto.com is free! The exchange between cryptocurrencies in the application is also free. Blockchain fees can be applied at the digital asset withdrawal level.

Withdrawal of funds to other wallets is paid depending on the cryptocurrency. Crypto.com charges fees ranging from €26 to €1.6 depending on the blockchain network for Ethereum withdrawals.

In the case of buying cryptocurrencies with a credit card, the platform charges a commission of 3.5% of the deposited amount.

Trading fees

Trading fees on Crypto.com are related to two parameters: the number of CROs wagered (to calculate the rebates from commissions of each level) and the trading volume in the last 30 days (to complete the levels). With a trading volume of €4,582 over the past 30 days, the Tier 1 trader benefits from a 0.4% to 0.32% reduction in maker fees.

Cryptocurrency purchase and trading fees

Any new user of Crypto.com is exempt from fees for 30 days for trading and buying cryptocurrency with a credit card. It will be charged at 3.5% with a minimum purchase of 90 euros.

The trading platform also charges progressive additional fees in proportion to trading volumes and your trading history. The more you trade on Crypto.com, the lower the Maker/Taker fees. In addition to commissions that decrease at crossed levels (9 in total), you get a 10% discount when using CRO.

Swap fee

Swap Defi from Crypto.com allows you to connect to an Etherum wallet and easily swap ERC-20 tokens. As a rule, in this case, liquidity providers are charged a fee of 0.3% for supporting the execution of smart contracts. If you connect your swap to a wallet to transfer cryptocurrency within the Ethereum network, gas fees apply.

Fees from CRO

Crypto.com’s native token allows traders to use and stake, which gives discounts. By using CRO, you proportionally reduce the additional costs associated with buying and selling your cryptocurrency.

Application fee

In addition to the platform, a trader can switch to the Crypto.com app. It allows you to make deposits, exchange in crypto – crypto and transfer funds to the Crypto.com wallet for free. The fee is charged only for the withdrawal of cryptocurrency to external addresses.

Security

The Crypto.com platform is one of the few that has not been hacked. Security processes cover all aspects of her business. Traders are not afraid to trust their funds to Crypto.com.

The platform is highly secure and has several certifications and ratings (among others ISO/IEC 27001:2013, ISO/IEC 27701:2019, PCI:DSS 3.2.1, CCSS).

The infrastructure is protected by internal controls: checking deposits and withdrawals by specialized teams, analyzing large transactions, the Hacker one Bug Bounty program, penetration tests, etc. And Amazon Web Services plans business continuity to prevent attacks, encrypts traffic and data.

Fiat currencies and customer deposits are held in regulated banks around the world. In terms of services, customer funds are 100% stored in an offline wallet. His cold wallet is insured for more than 330 million euros.

What are the payment methods on Crypto.com?

Funding Crypto.com accounts is carried out in several ways:

• Bank card: thanks to it, transactions are made in a few minutes;
• Bank transfer, which takes 2 to 5 days;
• Cryptocurrencies whose timeframes vary depending on the blockchain protocol.

Strengths and weaknesses of the site

Crypto.com has many strengths.

In terms of benefits, the platform offers two intuitive interfaces (PC and App) that allow you to place bets, and its cashback system works with a crypto card. Crypto.com also offers a wide range of cryptocurrencies for trading.

The platform has been criticized for:

• No training offer for beginners;
• Lack of translation into French of all elements of the platform;
• Some fees are high.

Crypto.com is a trusted site for investing in cryptocurrencies. In terms of regulation, you will not be afraid to trust him with your funds. The company that takes over the platform is safe and registered in Europe, especially in Malta.

In addition to the regulation it enjoys from the Malta Financial Services Authority, the entity has initiated the process of becoming a Digital Asset Service Provider (PSAN) on the French side.

This approach allows you to constantly convince users of the platform in its desire to be regulated in different countries. Therefore, do not be afraid to trade with Crypto.com because it is not blacklisted by the Autorité des Marchés Financiers in France (AMF).

Crypto.com holds an investment business license which entitles it to offer financial services such as trading, investment management and brokerage services to the public. In order to be able to provide its payment services and create its own token (specifically CRO), the cryptocurrency platform is also licensed by a financial institution.

As for the offer, its products and services are diverse and the payment methods are secure. Its order book is highly liquid and the matching engine ensures fast transactions.

Best Alternatives to Crypto.com

Crypto.com is experiencing a significant rise. Along with this, there are many other platforms on the trading market that are attractive to investors.

Coinbase

Coinbase is a free platform specializing in derivative cryptocurrencies. It supports major cryptocurrencies. You can exchange over 40 cryptocurrencies for bitcoins. Get more information about Coinbase because there is a stablecoin that allows you to trade with over 10 different alternative currencies.

Bybit

Bybit is an international cryptocurrency trading platform that offers quality leveraged trading options. Combined with a lot of very advanced features, it has an extraordinary interface and performance. Learn about Bybit.

Binance

Binance is the most popular crypto exchange among Crypto.com alternatives. Widely used by traders around the world, Binance is known for having the lowest transaction fees when trading assets. Looking for a competitive platform? Learn more about Binance.

SwissBorg

The SwissBorg platform was founded in 2017. It is accessible to everyone and easy to use. Use Swissborg because it has an app and several features that provide a gateway to buy cryptocurrencies.

FAQ

How to log out of Crypto.com?

To make a withdrawal on Crypto.com: log into your account, go to “Transfer”and “Withdraw”. After selecting the transaction currency, select the receiving address (app, bank account, trading platform, external wallet). Check and confirm everything.

Does the Crypto.com platform offer a referral system?

Crypto.com offers a referral system. This allows the client to benefit from the equivalent of $10 in CRO and 50% trading commissions for 12 months if their godson stakes 1,000 CRO upon registration.

Is Crypto.com customer support reliable?

The Crypto.com platform offers several communication methods: chat, email, phone calls and social networks (Twitter, Facebook, LinkedIn, YouTube…). These funds work 24/7, but very slowly. It is difficult to have a French interlocutor.