By
Editor
Updated on
Crypto.com is a Hong Kong-based cryptocurrency exchange that offers a suite of products and services for buying, selling, and storing cryptocurrencies.
It supports over 20 flat currencies and offers low trading fees, maker-taker fees, and withdrawal fees. Users can buy and sell over 100 cryptocurrencies, stake CRO for rewards, and earn interest on digital assets. Moreover, there are several security features in place, including two-factor authentication and cold storage.
This Crypto.com review covers the exchange, app, Defi wallet, and the Crypto.com Visa card, fees, and trading. The site also offers a prepaid Visa card, which allows users to spend their cryptocurrency at any location that accepts Visa.
Crypto.Com Review: All You Need To Know About the Leading Cryptocurrency Platform
Introduction To Crypto.com
Crypto.com is a leading cryptocurrency platform that provides users with a wide range of products and services. The platform has a mobile app that allows users to buy and sell digital assets, trade cryptocurrencies, stake CRO tokens, and earn rewards.
This site charges trading fees on its exchange, which range from 0.1% to 0.4%, depending on the user’s 30-day trading volume. There are also withdrawal fees for transferring cryptocurrencies out of the platform and fees for using the Visa card.
To deposit funds on crypto.com, you can link your bank account, credit card, or debit card to your crypto.com account. And you can deposit cryptocurrencies directly into your account using your unique wallet address.
The minimum deposit amount on crypto.com varies depending on your payment method. For example, the minimum deposit for bank transfers is $100, while the minimum deposit for credit and debit cards is $20.
Crypto.Com App
Crypto.com is one of the most popular mobile apps for buying, selling, and trading cryptocurrencies. It supports over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), and Litecoin (LTC).
It lets users deposit crypto and fiat currencies using bank accounts, credit/debit cards, and cryptocurrency wallets. The app also features a user-friendly interface that is beginner-friendly and convenient for making transactions.
The Crypto.com app is available on iOS and Android devices and allows users to buy, sell, or trade cryptocurrencies to earn interest on their holdings. It even offers features such as cashback on purchases and staking rewards.
Crypto.Com Visa Card
One of the most notable features of Crypto.com is its Visa card, which comes in various tiers, including –
- Midnight Blue card
- Ruby Steel card
- Jade Green/Royal Indigo card
- Icy White/Frosted Rose Gold card
- Obsidian Black card
The preferred card allows users to spend their cryptocurrencies at any merchant that accepts Visa payments, and it also comes with various cashback rewards, depending on the card tier.
Crypto.Com Exchange
Crypto.com also offers a cryptocurrency exchange that allows users to trade cryptocurrencies, including Bitcoin, Ethereum, and CRO, with low trading fees. The crypto.com exchange charges both maker and taker fees, with taker fees ranging from 0.04% to 0.1%, depending on the 30-day trading volume. This crypto.com exchange also allows users to earn interest on cryptocurrency holdings and supports 20 fiat currencies.
Crypto.Com DeFi Wallet
Crypto.com offers a DeFi wallet that allows users to store their cryptocurrency assets securely in cold storage. The wallet supports various cryptocurrencies, including Bitcoin, Ethereum, and CRO, and also allows users to earn rewards for staking CRO tokens.
Crypto.Com Offers And Rewards
Crypto.com provides various offers and rewards to its users, including cash back rewards for using its Visa card or staking CRO tokens. The platform even has various promotions and bonuses for users who trade, including trading and referral bonuses.
Crypto.Com Security And Safety
Crypto.com is committed to providing its users with a secure and safe platform for buying, selling, and trading cryptocurrencies. The platform is regulated by various authorities, including the Hong Kong Monetary Authority and the Australian Securities and Investments Commission.
If You’re Interested In Using Crypto.Com, Here Are Some Tips To Keep In Mind:
The Crypto.com app is a user-friendly platform to manage your crypto assets, trade digital assets and earn interest on your holdings. You should consider getting a Crypto.com Visa card, which allows you to spend your cryptocurrency anywhere, while Visa is widely accepted and helps earn cashback rewards on every purchase.
We suggest taking advantage of the Crypto.com Exchange, which offers a wide range of trading pairs with low fees and 30-day trading volume discounts. And you can use the Crypto.com Defi Wallet to store your digital assets in cold storage securely or earn high yields on your holdings.
Most importantly, be aware of the withdrawal and taker fees when crypto trading, and make sure to stake CRO tokens to lower your fees.
Crypto.com offers a variety of fiat currencies and payment options, including bank transfers, credit and debit cards, and crypto deposits. Hence, check out the Crypto.com Fees page for the maker-taker trading fee structure and potential cashback rewards.
Crypto.Com NFTs
Another interesting addition to the crypto.com platform is NFTs (non-fungible tokens), whereby users can showcase, sell, or buy NFTs. For those who don’t know, NFTs are digital assets that are often in high demand due to their uniqueness, and they can be available as videos or artwork.
People interested in trading in NFTs will find it useful that crypto.com provides all such provisions without compromising on crypto trading. You should note that crypto.com doesn’t have any fees for buying NFTs, but people willing to sell must pay a fee of 1.99%. Even creators who sell NFTs on crypto.com must pay the same fee.
Crypto.Com Fees
Here we have highlighted the fee structure that crypto.com uses. You pay a different fee depending on whether you are a maker or a taker, with takers usually paying a higher fee depending on the trading volume and possible CRO staking.
- $0 – $24,137 – 0.4% maker and taker fee
- $24,138 – $48,277 – 0.35% make and taker fee
- $48,288 – $96,555 – taker fee is 0.25%, maker fee is 0.15%
- $96,556 – $241,387 – taker fee is 0.16%, maker fee is 0.10%
What Are Some Of The Drawbacks Of Crypto.Com
Despite its many advantages, there are some downsides of using crypto.com that we have highlighted here.
1. Not Enough Educational Resources
Crypto.com doesn’t have enough educational resources for people to research and learn more about this digital currency. There is a lot of uncertainty among people regarding crypto, especially considering scammers have emptied people’s crypto wallets and siphoned off millions of dollars worth of digital currency.
So, relevant educational content to help people invest wisely, stay safe, and learn about cryptocurrency would have encouraged more people to open a crypto.com account.
2. High Trading Fees
Crypto.com has high trading fees even when the trading volume is low. This is particularly problematic for people who don’t have any holdings in the site’s native cryptocurrency – Cronos (CRO).
3. Live Support
Crypto.com has in-app live support to help people with bank transfer, credit/debit card issues, their crypto.com wallet, or other problems with crypto exchange. But at times, the live support can function slowly, which could be a problem for traders. Like in the stock market, every second counts in the crypto market, so even a minor delay can impact the user experience.
4. CRO Payments
Consumers who are eligible for rewards and cashbacks often complain that the perks are provided in CRO. In other words, you’re likely to experience a fluctuation in the value of the rewards, while you must convert the amount into US dollars.
FAQs
Q1. What Is The Process For Depositing Crypto On Crypto.Com?
To deposit cryptocurrency on Crypto.com, users must log in to their account, navigate to the “Deposit” page, and select the cryptocurrency they wish to deposit. They will then be given a wallet address to send the cryptocurrency.
Q2. What Is The Difference Between A Maker And Taker Fee On Crypto.Com?
A maker fee is charged when a user adds liquidity to the platform’s order book by placing a limit order that is not immediately filled. But a taker fee is charged when a user removes liquidity from the platform’s order book by placing a market order that is immediately filled.
Q3. Can I Earn Interest On My Cryptocurrency Holdings With Crypto.Com?
Yes, crypto.com offers an earn feature that allows users to earn interest on their cryptocurrency holdings. The amount of interest earned varies depending on the cryptocurrency and the length of the deposit term.
Conclusion
Crypto.com has its fair share of pros and cons, but overall it’s a fantastic platform for your trading needs. The platform’s mobile app and user-friendly interface make it beginner-friendly, while its low fees and cashback rewards make it attractive for experienced traders.
Crypto.com’s Visa card allows users to spend their cryptocurrency at any merchant that accepts Visa, and its DeFi wallet provides cold storage for added security. While withdrawal and taker fees are associated with using the platform, the benefits of staking CRO tokens can offset these costs. Overall, Crypto.com is a reliable cryptocurrency exchange with a wide selection of cryptocurrencies available for trading.
About The Author
Reviewed by
Editor
Related Posts
[wp post shortcode here]