Is It a Safe & Legit Exchange?

Crypto.com is recognized as one of the top cryptocurrency exchanges according to CoinMarketCap, thanks to its impressive trading volume, diverse features, and high liquidity. This platform provides many financial products, including a cryptocurrency exchange, DeFi services, and an NFT marketplace. In this Crypto.com review, you will learn the platform’s pros and cons, explore its various offerings, and find out whether it truly lives up to the hype.

Key Takeaways:

• Crypto.com is a popular crypto exchange app that offers trading features such as spot, margin trading, and derivatives contracts.
• Crypto.com is best for users seeking instant crypto buy/sell options on the app, trading NFTs, and earning high staking rewards.
• The Crypto.com App charges competitive trading fees of 0.15%/0.3% (maker/taker) for spot trading and 0.02%/0.04% for futures trading.

Crypto.com Review: At a glance

Founded	2016
Headquarters	Singapore
Trading Features	Crypto buy/sell, derivatives, margin, NFT marketplace, Crypto.com Visa card, staking, DeFi swap, and more
Fiat Currencies	AUD, CAD, EUR, GBP, USD, USDC, BRL
Supported Assets	Over 350 cryptocurrencies and 580 trading pairs
Native Token	Cronos (CRO)
Trading Fees	0.15% for maker and 0.3% for taker fees
Leverage	Up to 50x for derivatives and 5x for margin trading
Security Measures	2FA, cold storage, insurance fund, regulatory compliance, ISO/IEC 27001:2013, and more
KYC Mandatory	Yes
Deposit and Withdrawal Methods	Credit or Debit Card, Bank Transfer via SEPA, FPS, ACH, SWIFT, Apple Pay, Google Pay, and more third-party payment methods
Licenses	FinCEN, ASIC, and other international authorities
Customer Support	Email, live chat, and help center
Mobile App	Both iOS and Android

What is Crypto.com?

Crypto.com is a comprehensive crypto platform designed for trading cryptocurrencies. It supports over 350 assets and offers multiple trading markets, including spot, margin, and crypto derivatives contracts. 

You can leverage up to 5x on margin trades and 50x on futures contracts. The platform features more than 580 trading pairs, including popular ones like BTC/USDT and ETH/CRO, enabling a wide range of transactions between various cryptocurrencies.

The exchange emphasizes security, holding the highest security certifications in the industry, such as ISO/IEC 27001:2013, and offering multi-factor authentication (MFA) and insurance on assets held in cold storage. It also has the Crypto.com App, which has over 100 million users globally. To start trading, you must complete a registration process with KYC verification.

Crypto.com Exchange offers competitive fees, starting at 0.15% per trade, with discounts available for high-volume traders and those staking CRO, the platform’s native token. It is also the best crypto staking platform with APYs up to 20% on crypto holdings. Available globally, it is accessible via desktop and mobile apps, making it suitable for both beginner and advanced traders.

Crypto.com Pros

• It supports more than 350 different digital assets for trading
• Earn up to 20% APY on staked cryptocurrencies
• Cold storage for 100% of user assets and has an insurance policy
• It offers a complete ecosystem, including DeFi services, an NFT marketplace, and the ability to earn rewards
• Crypto.com Visa cardholders can earn cashback in CRO tokens​
• Trading bots for automated trading strategies

Crypto.com Cons

• Higher trading and withdrawal fees compared to exchanges like Binance and Bybit
• Some features, such as margin trading, are unavailable to U.S. residents​
• Lower leverage in the derivatives market compared to competitors

Cryptocurrencies Available on Crypto.com

Crypto.com offers about 350 cryptocurrencies and around 580 trading pairs. This range includes popular coins like BTC, ETH, and XRP, as well as stablecoins such as Tether (USDT) and USD Coin (USDC). The platform also supports many new and niche tokens.

You can find various crypto-to-stablecoin pairs, such as BTC/USDT, ETH/USDC, and XRP/USDT and crypto-to-crypto pairs, including BTC/ETH and DOT/BTC, providing flexibility for portfolio management.

For those exploring niche markets, Crypto.com offers tokens in specific sectors. This includes NFT tokens, metaverse coins for virtual worlds, and Real World Assets (RWAs) that connect traditional finance and blockchain. Plus, You can discover various DeFi tokens and tokens related to smart contracts like APT and SOL.

Crypto.com Features Review

Crypto.com App

The Crypto.com App is a mobile app available for both Android and iOS devices. It is a central tool for managing cryptocurrency. It allows you to trade all popular digital assets like BTC, SOL, MATIC, ADA, and ETH. 

Purchases can be made using a linked bank account, debit, or credit card. The app also supports recurring buys, enabling you to automate cryptocurrency purchases at regular intervals. 

Additional features include a fiat wallet for easy conversion between fiat currency and crypto and a price track function that helps you monitor market prices with real-time alerts. The app is also ideal for anyone looking to manage a diverse portfolio while also using crypto for payments and investments.

Derivatives and Margin Trading

For those interested in trading with advanced tools, derivatives, and margin trading are available on the Crypto.com Exchange.

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

These tools come with high risk but can amplify returns for seasoned traders. The exchange also offers a variety of other order types, such as stop-loss, take-profit, and OCO limit orders to enhance trading strategies.

NFT Marketplace

Crypto.com NFTs are another important feature for traders. You can purchase, sell, and trade non-fungible tokens (NFTs) directly on the site. 

You can find a diverse selection of digital art from well-known artists and brands. The marketplace also works with Crypto.com Pay. This means you can buy NFTs using cryptocurrencies such as CRO, Bitcoin, and Ethereum. 

Additionally, NFTs can be maintained using the Crypto.com DeFi Wallet. This provides flexibility for users who participate in both the DeFi and digital art ecosystems.

Crypto.com Card

The Crypto.com Visa Card offers a way to spend crypto in the real world. This prepaid card allows you to convert and spend cryptocurrency at over 60 million merchants worldwide that accept Visa. 

Cashback rewards, known as CRO rebates, are offered on every purchase, with up to 5% back for users who stake CRO. The card also includes perks like airport lounge access, which scales based on the amount of CRO staked. This makes it an attractive option for those looking to seamlessly integrate cryptocurrency into their daily expenses.

The Crypto.com card comes in different forms with variable reward tiers and benefits. Check the given image below.

DeFi Wallet

The Crypto.com DeFi Wallet is a non-custodial crypto wallet. It gives you full control over your cryptocurrency. Unlike the Crypto.com App, which manages your assets for you, the DeFi Wallet lets you hold your own private keys. This means you can securely manage your assets in a decentralized way, without relying on a central authority.

You can use the wallet for various decentralized finance (DeFi) activities like staking, swapping tokens, and lending across multiple blockchains. You can even swap tokens between different networks (cross-chain swaps), which makes managing multiple crypto assets easier.

Recently, the DeFi Wallet also added leveraged perpetual contracts. This feature lets you trade with up to 100x leverage, directly within the app.

Crypto.com Fees

Crypto.com offers competitive rates, especially for high-volume traders and those staking CRO tokens. On the exchange, trading fees begin at 0.15% maker and 0.3% taker fee per transaction, and users who stake CRO are eligible for additional savings. For the futures market, it charges 0.02% maker and 0.04% taker fees. 

Here is a quick overview of Crypto.com spot trading fees for high-volume traders:

Level	30-Day Spot Trading Volume (USD)	Maker Fee	Taker Fee
Level 1	Less than $50,000	0.1500%	0.3000%
Level 2	$50,000 and above	0.1000%	0.2500%
Level 3	$250,000 and above	0.0800%	0.2000%
Level 4	$500,000 and above	0.0700%	0.1000%
Level 5	$1,000,000 and above	0.0650%	0.0690%
Level 6	$5,000,000 and above	0.0600%	0.0650%
Level 7	$10,000,000 and above	0.0000%	0.0500%

When transferring assets within the app ecosystem or depositing cryptocurrency, Crypto.com does not impose fees. When moving funds to external wallets, withdrawal fees do apply and they differ according to the coin and blockchain network. 

For instance, the 0.0005 BTC cost for BTC withdrawals on the Bitcoin network can be high in comparison to certain other exchanges. Check the full Crypto.com fee details here.

Crypto.com Security Review: Is It Safe & Legit?

Crypto.com has taken stringent security measures to safeguard its users’ funds and data. A key component of their strategy is to keep all user digital currencies in cold storage, greatly reducing the danger of hacking. 

Crypto.com also employs cutting-edge technology, such as hardware security modules (HSMs) and multi-signature keys. This means that even if one layer of security is breached, additional safeguards are in place to protect funds. Furthermore, the app has a $150 million insurance coverage that covers losses from theft, physical damage, and even certain third-party risks.

It also takes additional precautions with user accounts by offering two-factor authentication (2FA). The platform also incorporates real-time threat monitoring, continuously scanning for suspicious activities and potential vulnerabilities. 

On the regulatory side, Crypto.com operates under multiple international licenses. In the United States, it is regulated by FinCEN (Financial Crimes Enforcement Network), and it holds licenses such as:

• Dubai Virtual Assets Regulatory Authority

• Electronic Money Institution (EMI) license in Europe

• Australian Financial Services License (AFSL)

• Class 3 VFA license by Malta Financial Services Authority (MFSA)

• Digital Asset Service Provider in France

Customer Service and Trading Experience

The customer service is generally supportive and helpful. Support is available through email, live chat, and a help center. You can find answers to common questions in the help center. This makes it easy to solve simple issues quickly.

The trading experience on Crypto.com is also user-friendly. The app is easy to navigate. The layout is customizable and the platform offers features like spot trading and margin trading. Crypto.com also receives positive reviews from customers, with a 4.4/5 rating on the Play Store and a 4.6/5 rating on the App Store.

How to Open a Crypto.com Account

1. Download the app and create an account: Check out the Apple App Store or Google Play Store. Download “Crypto.com” by searching for it. Select “Sign Up”. You’ll have to set a strong password and enter your email address.
2. Complete the KYC: You now have to prove who you are. Enter your address, name, and birthdate. In addition, you must provide a selfie for verification along with an identity document, such as a passport or driver’s license.
3. Deposit cryptocurrency or fiat currency: To fund your Crypto.com wallet, link your bank account or use a debit or credit card. Additionally, you can deposit cryptocurrency from other exchanges like OKX or Bybit.
4. Start Trading Crypto: You can start trading cryptocurrencies as soon as your account has been funded and established. You can also explore variables like market trends and price charts to get more information before making a trade.

Watch detailed tutorial: Crypto.com Tutorial | Full Beginners Guide on How To Set Everything Up!

Crypto.com vs. Other Crypto Exchanges

Binance, Coinbase, and Bybit are the three top alternatives to the Crypto.com exchange. Here is a quick comparison:

Feature	Crypto.com	Coinbase	Binance	Bybit
Best For	Buy/sell and crypto rewards	The U.S. Traders	High-volume crypto traders	Derivatives and day traders
Supported Coins	350+	240+	400+	1200+
Trading Fees (maker/taker)	0.15%/0.3%	0.4%/0.6%	0.1%	0.10%
Trading Volume	Average	High	Very High	High
Leverage Trading	Yes	Limited (only in select regions)	Yes	Yes
Maximum Leverage	50x	Up to 5x	125x	100x
U.S. Availability	Limited (not available in New York)	Available in all states	Separate Binance.us platform	Not available

Conclusion: Crypto.com Exchange Review

In a nutshell, this Crypto.com review reveals a platform that stands out for its robust security features, advanced features, and user-friendly design. With support for over 350 cryptocurrencies and a commitment to regulatory compliance, Crypto.com is well-suited for both novice and experienced traders. 

While there are some drawbacks, such as higher fees compared to competitors, the overall value it provides makes it a worthy consideration for anyone looking to engage in cryptocurrency trading.

FAQs

Is Crypto.com available in New York?

No, Crypto.com is not accessible in New York. It is the only state in the US where residents are unable to use the platform. The best crypto exchanges in New York are Coinbase and Gemini.

Who is Crypto.com good for?

Crypto.com is a good choice for traders who value security and regulatory compliance. The platform is licensed and offers high security for users. It is also suitable for NFT traders who want to buy and sell digital art and collectibles easily. Those interested in earning rewards can also benefit from staking. 

Additionally, people who want to use cryptocurrency for daily transactions will find Crypto.com convenient, especially with the Crypto.com Visa card.

What are the benefits of CRO tokens?

CRO tokens provide several advantages for users. One main benefit is the ability to earn staking rewards, which allows holders to earn interest on their tokens. 

Another advantage is that CRO tokens can be used to pay transaction fees on the Crypto.com platform, often at a lower rate than using other cryptocurrencies. Plus, users can access exclusive rewards and benefits when they hold CRO, such as higher cashback rewards on the Crypto.com Visa card. The token can also be traded on various exchanges, giving it good liquidity.