Crypto.com Review 2024: Safety, Fees & Security Explored

Our comprehensive review of Crypto.com uncovers the features and functions that make it a prominent choice for crypto traders to trade cryptocurrency in the market. This crypto.com review uncovers the trading platform’s strengths so traders, new and experienced, can delve into the services offered by Crypto.com without hesitation.

Crypto.com Review Summary

Details Information
Official Website https://crypto.com/
Headquarters Hong Kong
Found in 2016
Own Native Cryptocurrency Token Yes
Listed Cryptocurrency 250+, but varies country-wise
Trading Pairs 300+
Supported Fiat Currencies 20+
Supported Countries 90+
Minimum Deposit Approx $200, varies for various currencies
Deposit Fees Free
Transaction Fees Low
Withdrawal Fees Varies with the type of cryptocurrency
Application Yes
Customer Support Email

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Top Perks of Crypto.com

According to many Crypto.com reviews, crypto.com boasts various features and products for the avid trader. Among these perks are services that cater to enhancing the trading experience of crypto users around the world. Different fees account for the prices traders pay to access these services, and they are not expensive compared to other top crypto exchanges that charge hefty fees.

Reasons to Choose Crypto.com Platform

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Here are a few top perks crypto.com users can enjoy:

Perks Details
One-stop Shop Access diverse services, trade, and use DeFi wallets with a Crypto.com Visa card.
Low Fees No account fees, genuine costs for transactions, and reduced card fees after 30 days.
Easy Conversion Effortless fiat-to-crypto conversion with low fees, and country-dependent trade limits.
Cashback Cards Choose from five Visa Cards with cashback benefits based on CRO stake.
Earn Interest Buy crypto to earn high interest rates, up to 14% with staking; note associated risks.

Deposit Your Crypto and Earn Interest at Crypto.com Platform

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NOTE: Crypto.com offers many perks other than providing the Cronos CRO token. The more CRO tokens you invest with Crypto.com, the more benefits you will enjoy.

Pros and Cons

Pros Cons
Easy money conversion technique. Lacks availability of coins in some countries.
Crypto.com Visa card with generous cashback rewards. Poor navigation.
Earn crypto interest. High staking requirements.
No annual or ATM fees. Limits on certain crypto withdrawals.
Short lead time. Better customer service.
Crypto.com Visa Card requires no monthly maintenance charge.

Crypto.com Products

The diverse range of Crypto.com exchange products is for customers and traders to explore, ranging from mobile-friendly trading, NFT marketplace, cards, crypto reward schemes, and more.

Crypto.com App

According to many crypto.com review platforms, the app is one of the best digital asset products, which enables investors to invest money in cryptocurrency exchanges effectively and efficiently. Here are a few features of the Crypto.com app that you must not miss:-

Enjoy the Services of Crypto.com App

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  • Earn Rewards: Up to 12% on Stablecoins, 6.5% on crypto.
  • Metal Visa Card: Enjoy up to 8% cashback.
  • Extensive Crypto Options: Buy/sell 100+ cryptos with no hidden fees.
  • Instant Loans: Quick cash for spontaneous moves.
  • Easy Transactions: Seamlessly trade Ethereum, Bitcoin, and more.

Crypto.com NFT

Non-fungible tokens or NFT refers to the class of crypto assets where every token or item is unique. This makes the popular tokens useless as currencies but valuable in other ways, like crypto art. Every non-fungible token is exclusive; hence, they are irreplaceable with other cryptocurrency assets.

Crypto.com Review - Trade NFTs at Crypto.com NFT

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Crypto.com’s NFT is the sole NFT market based entirely on the Crypto Blockchain. This is one of the best crypto-related products ever created by Crypto.com. Users can search for curated collectibles that can be converted to NFTs. The exchange works with many famous artists, creators, and brands; some items have been tagged as editions.

Crypto.com Metal Visa Cards

Crypto.com offers another excellent product, the MCO Visa Card. They are designed to link the benefits of debit/credit cards with that of cryptocurrencies. These metal cards were developed in 2018 with the following features:

  • MCO Visa card allows buying, selling, storing, spending, and trading cryptos parallelly with fiat currency.
  • No fees on ATMs or crypto withdrawals.
  • Tap & Pay feature.
  • Very low balance requirements and no annual fees.
  • 5% cash back on overseas and local spending without any maximum spending.
  • Free shipping.
  • 100% rebate on purchases for standard Netflix and Spotify subscription plans.
  • 10% cash back on Expedia and Airbnb.
  • Visa Cards support seven cryptocurrencies and fiat currencies, including USD, ETH, and BTC.

Crypto.com Metal Visa Card

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Crypto.com Pay

Crypto.com Pay was developed to empower crypto traders and businesses to accept cryptocurrency payments. No processing fees are on payments made on cryptocurrency transactions, but a 0.5 percent fee is charged on payments made through fiat currency.

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This comes at an enormous 80 percent discount if you check other popular payment processors. WooCommerce and Ledger’s stores accept payments through this product. Moreover, it has the following notable features –

  • Several forms of crypto trading are possible on this product, including derivatives trading, margin trading, spot trading, decentralized token swaps, and OTC trading.
  • It is integrated with other websites with additional benefits.
  • Runs several campaigns like trading quizzes, contests, and promotions about distributing free crypto to participants.
  • This exchange launched its blockchain that emphasizes privacy, speed, and additional economic incentives. However, the blockchain is still under the test-net phase.

Crypto.com Crypto Earn

With Crypto Earn, users may deposit any cryptocurrency they choose, and it gives them different interest rates depending on how long they want to stake it for. The features and details related to crypto.com earn is given below:

Features Details
Deposit Currency Any chosen cryptocurrency
Difference from CRO Staking Deposits in CRO are separate from CRO staking
Interest Calculation Fluctuates based on the time length of staked coins
Interest Payment Currency Paid in staked crypto, not fiat currency like USD
Availability Not approved in Hong Kong, Sar, Malta, and Switzerland; unavailable in certain jurisdictions
Terms Offered 1-month, 3-month, and flexible periods
Interest Rates for $50,000 CRO Stake Higher rates with an additional 2% earnings

Crypto.com Crypto Earn

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Crypto.com Exchange

Crypto.com Exchange offers a very user-friendly trading platform with affordable costs, sophisticated trading tools, and a variety of fiat on-ramps. The features and details are as follows:-

Features Details
Launch Year 2019
Supported Cryptocurrencies Bitcoin, Ethereum, Litecoin, EOS, XRP, CRO, MCO, Stellar Lumens, Stablecoins, and various tokens
Special Features Economical trading fees, deep liquidity, institution-level security, and special rates for CRO tokens
Syndicate Platform Operates a fundraising platform allowing CRO holders to purchase tokens at discounted rates
Trading Fee Discount Users can get up to a 100% discount on trading fees based on CRO staking and 30-day trading volume.
Throughput Increase Improved Order Management System and Matching Engine increased throughput by ten times.
API and REST Integration Unified Websocket API and REST for a user-friendly experience.
Risk Management Robust risk engine with high derivatives trading leverage margin in margin trading
Authenticator Verification Levels Basic: Requires name, phone number, and email
Advanced: Requires submission of identity documents.
Withdrawal Limits No limits on deposits; Bitcoin withdrawals are limited to 100 BTC at a time

Crypto.com Exchange Home Page

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Crypto.com DeFi Wallet

Introducing the Crypto.com DeFi Wallet – your gateway to decentralized finance with unparalleled security and control over your crypto assets. Built on the Ethereum network, this non-custodial wallet prioritizes trust, usability, and transparency.

Crypto.com DeFi Wallet App Send

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  • Secure Custody & Control: Enjoy maximum security and complete control over your cryptocurrency holdings.
  • Non-Custodial Wallet App: Send cryptocurrency swiftly at your preferred network speed without compromising on security. No KYC is required.
  • DeFi Swap: Empower your trading experience with the DeFi Swap feature. Swap and stake DeFi coins while leveraging DeFi protocols and benefiting from CRO-powered incentives.
  • Decentralized Protocol: Explore the innovative decentralized protocol on the Ethereum network. Swap ERC-20 and ETH tokens seamlessly with a user-friendly interface.
  • Stake CRO for Rewards: Multiply your rewards by staking CRO. Earn over 20 times more rewards by participating in the staking program.

Crypto.com DeFi Wallet App Swap

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The Crypto.com DeFi Wallet is your all-in-one solution for secure and rewarding decentralized finance.

Crypto.com Services

Crypto.com offers services to traders that make the platform a prominent player in the cryptocurrency world. Established as a one-stop platform for providing services vital for traders in the crypto ecosystem, the following are services that integrate the benefits of the crypto.com exchange market onto the platform:

Crypto.org Chain

Crypto.org Chain is a consumer-based cryptocurrency service based on the Tendermint protocol. The Chain service aims to empower the expanding suite of crypto products. The interface is highly beginner-friendly, removing all the complications of blockchain to use crypto assets and smart-based products effectively. With Crypto.org Chain, users can earn two kinds of rewards:

Explore Crypto.org Chain Services

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Block Rewards

Rewards are made for adding new blocks to the blockchain and validating crypto transactions.

Transaction Bonus

These rewards are paid when a validator adds over 66 percent of the pre-commits from different validators in the new blocks they create. This is supposed to provide additional incentives to the users for improved networking and cut down empty block proposals.

Pay For Business

Crypto.com Pay for Business is another payment service that enables users to pay with over 15 DeFi tokens, like BTC, USDC, ETH, CRO, LTC, and many more. With this service, you can receive gift cards from more than 300 brands in over 30 countries. You can shop from leading retailers online, like BC VAULT, Ledger, Coinzilla, and Travala.com.

Earn Rewards with Crypto.com Pay For Business

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You can earn rewards based on the category you choose to pay. For instance, if you pay for food and beverages, you get a premium of 10%, which is above the average industry rate of 5%.

Cronos Integration

The Crypto.com cryptocurrency exchange supports the scalable EVM-compatible chain developed by the people at Crypto.org. Cronos supports the following tokens:

  • CRO
  • ETH
  • WBTC
  • USDC
  • USDT
  • DAI

The EVM Chain Cronos runs parallel to the Crypto.org chain and helps the DeFi infrastructure by assisting developers to port trading apps from EVM-compatible chains and Ethereum. With Cronos on board, Crypto.com users can enjoy the following:

  • EVM Compatibility
  • Scalability
  • Ability to work with various Blockchains

Crypto.com Fees

Trading crypto on the Crypto.com website or app could be economical and affordable, depending on how the traders deposit money into their Crypto.com account.

Deposit and Withdrawal Fees

If users deposit crypto in a Crypto.com account, no deposit fee is charged, but if investors withdraw crypto, account fees are charged depending on the cryptocurrency. For instance, in the case of Bitcoin, the withdrawal fee is 0.0004 BTC, whereas, for Crypto.com Coin, it is 100 CRO. These fees are below the average industry fees.

Maker/Taker Fees

Check the below maker-taker fee structure to know fees as per 30-day trading volume: –

For Regular Clients

Level 30d Trading Volume (USD) Maker Fee % Taker Fee %
Level 1 $0 – $25,000 0.4% 0.4%
Level 2 $25,001 – $50,000 0.35% 0.35%
Level 3 $50,001 – $100,000 0.15% 0.25%
Level 4 $100,001 – $250,000 0.1% 0.16%
Level 5 $250,001 – $1,000,000 0.09% 0.15%
Level 6 $1,000,001 – $20,000,000 0.08% 0.14%
Level 7 $20,000,001 – $100,000,000 0.07% 0.13%
Level 8 $100,000,001 – $200,000,000 0.06% 0.12%
Level 9 $200,000,001 and above 0.04% 0.1%

For VIP Tiers

Tier 30d Trading Volume (USD) Maker Fee % Taker Fee %
VIP 1 > 1% of exchange volume 0.020% 0.040%
VIP 2 > 2% of exchange volume 0.010% 0.030%
VIP 3 > 3% of exchange volume 0.000% 0.020%

Trading Fees

Generally, trading fees refer to the percentage charged on the value of a trade order. Crypto.com exchange platform charges both takers and makers 0.40 percent for every trade. The fees are significantly above the average industry fees. However, it offers discounts based on the trade volume. More crypto trades imply lower fees!

Staking Benefits and Discounts

Staking crypto refers to locking up crypto coins for a period from which people earn interest. The staking rate varies depending on the duration of the staked coins. On the Crypto.com account, the higher the CRO you stake, the higher the discount rates. Additionally, if you stake more than 500,000, you could earn another 2% on your crypto holdings.

Supported Fiat Currencies & Supporting Countries

Crypto.com Supported Fiat Currencies

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Crypto.com supports more than 20 fiat currencies, including AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD, and ZAR.

Crypto.com has recently added more currencies to the basket – SAR – Saudi Riyal, BRL – Brazilian Real, and TRY – Turkish Lira.

Also, here are all the supported cryptocurrencies you can currently use to buy and sell, bank or wire transfer, and store from the Crypto.com app –

  • BTC
  • LTC
  • ETH
  • CRO
  • ENJ
  • BAT

You can check the complete list of supported cryptocurrencies on the official website.

Crypto.com Review Conclusion

In this review of Crypto.com, we discussed how using the Crypto.com cryptocurrency platforms makes spending and trading in crypto exchanges super easy. It is one of the most beginner friendly crypto trading platforms under the best crypto exchange list. New traders can also learn from Crypto.com’s educational resources on their web pages.

It uses services other cryptocurrency exchanges offer, such as DeFi Swap, Crypto Wallet, Exchange, Earn, Lending, Spot Trading, and Staking, and provides 100% cold storage security. All these make Crypto.com a unique one-stop shop for all the best crypto exchanges.

FAQs

Is Crypto.com Legit?

Yes, Crypto.com is a perfectly regulated and secured financial platform, making it legit. US clients’ fiat balances are insured by FDIC for up to $250,000, providing safety and assurance of user or corporate funds on this platform. There is no record of thefts or hacks on the Crypto.com website or app.

Is My Money Safe On Crypto.com?

Yes, the assets safety measures on Cryto.com include 2FA or two-factor authentication and 100% cold storage. The exchange is partnered with Ledger, a top hardware wallet provider. It has 2013:ISO IEC 27701 and ISO IEC 27701:2019, Level 1 regulatory compliance.

Is Crypto.com Coin A Good Investment?

Yes, cryptocurrency investing on Crypto.com is suitable for everyone willing to spend, store, trade, and save crypto. The fees are lower than the average industry rates. The platform has many cryptos to offer, including CRO coins. The more coins you stake in your investment accounts, the more benefits you enjoy.

Is Crypto.com Trustworthy?

Yes, with track records of secure operations, regulatory compliance, and a user-friendly interface, Crypto.com is considered trustworthy, making it a very reputable platform for cryptocurrency enthusiasts and investors.

Is Crypto.com Safe?

Yes, Crypto.com ensures a very secure environment for crypto transactions as it prioritizes user safety with robust security measures, including two-factor authentication and cold storage for digital assets.

How To Withdraw Money From Crypto.com

Navigate to the app’s “Withdraw” section, select the desired cryptocurrency, input the withdrawal details, and confirm the transaction. Ensure you have sufficient funds and follow the platform’s security measures for a seamless withdrawal process.

Is The Crypto.com Card Worth It?

Yes, being exceedingly beginner-friendly, Crypto.com’s trading platform is easy to exchange, acquire, and spend crypto. Anyone can access services like Defi crypto wallet Send and Swap, Staking, Pay, Earn, Lending, and many more with the Crypto.com card. Crypto.com allows users to buy cryptos at exchange rates without charging additional fees.

DISCLAIMER: This evaluation takes into account the price, features, customer service, convenience of use, and other particular aspects of the product. Note that there are risks associated with investing in cryptocurrencies, and that every person’s experience is different. 

Disclaimer: This page does not solicit or recommend investments, nor does it provide trading or financial advice. Before investing in cryptocurrencies or engaging in securities trading, you should conduct thorough due diligence, including consultation with a certified financial advisor. We accept no liability for any financial losses incurred.

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