The world is going through a transition to make cryptocurrencies the currency of everyday life. The mission of Crypto.com is to accelerate this transition. Crypto.com is a Hong Kong-based platform that was launched in 2016, and since then, theyâve added a variety of cryptocurrency-related services to their product offerings. The company is working closely with regulators worldwide to provide the most convenient crypto environment to users. Weâve found that users can buy, sell, trade, and spend cryptocurrencies on this platform quite easily and efficiently. In this Crypto.com review, you will learn about the services, pricing, and products offered by this platform.
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What is Crypto.com?
Crypto.com is one of the widest service providers in the field of cryptocurrencies in the form of Crypto.com exchange, Crypto.com App, Crypto.com Earn, Crypto.com Pay, Crypto.com NFT, Metal VISA Cards, and Crypto.com DeFi services. There are various competitors of Crypto.com present in the exchange marketplace, such as Binance, Coinbase, Kraken, Bittrex, and multiple others. However, this platform has some unique and extraordinary features that allow it to shine when compared to the competition. It is undoubtedly the fastest-growing crypto trading platform since its launch in 2016.
Crypto.com aims to provide a place to the billions of people across the world where they can control their cryptocurrencies, data, and identity. The company currently employs over 900 professionals and has more than 10 million active users. Crypto-enthusiasts from 90+ countries can easily buy, sell, trade, and spend over 100 cryptocurrencies on this platform. It also has more than 30 local communities.
Crypto.com Company Overview
We believe that Crypto.com has outstanding values in terms of its organizational culture. We’re discussing the culture of Crypto.com, because, without happy employees, users will get sub-par service and the company will likely crash and burn in the end.
From the website, it’s clear that Crypto.com has straightforward company values. Here are some of the most important values of Crypto.com:
- Think clearly
- Be resourceful
- Utmost determination
- Big dreams
- Take ownership and be decisive
- Humbleness
Crypto.com does not refrain from spending money on improving its platform and adding new services to its ecosystem. That is why we have seen a ton of growth in its products and services lately. It is committed to reaching new heights in the field of cryptocurrencies in the future.
How to Use Crypto.com – Step by Step
Signing up and getting started with a Crypto.com account is really simple! Here, weâll walk through how to use Crypto.com step by step. NOTE: For U.S. users, the only way to use Crypto.com is through a phone app. All other countries may use the desktop version.
Step 1 – Sign up for a Crypto.com app account
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The signup process is straightforward. Simply fill out the sign-up form and verify your identity (should only take a few minutes).
Step 2 – Choose Cryptocurrency to Purchase
In order to purchase cryptocurrencies, you will need to deposit USD or another fiat currency into your account. We need to choose a cryptocurrency to buy first. Simply click on the bottom Crypto.com logo to begin.
Next, click on âBuyâ on the lower-left corner of the screen.
Then, click which cryptocurrency you would like to purchase.
Step 3 – Deposit Fiat into your account
Now, you will see a screen with options to put money into your account. You can fund your account in 3 ways.
Credit Card – You can fund your Crypto.com account using a credit card. Simply click on the Credit Card tab and then â+ Add Credit or Debit Card.â Enter your card details and the amount youâd like to fund your account with, and youâre good to go!
Crypto Wallet – If you already have cryptocurrency or USD in your crypto wallet, you can access that with the âCrypto Walletâ tab.
Fiat Wallet – Accessing the âFiat Walletâ tab will allow you to connect a bank account. Connecting a bank account is the lowest fee option available.
Crypto.com Pros and Cons
Crypto.com is undoubtedly one of the most beginner-friendly crypto exchanges at the global level. However, there are some important pros and cons of this crypto exchange that will be discussed in this section of the Crypto.com review.
Pros of Crypto.com
- Crypto.com offers the best interest rates based on its competitive analysis with other exchanges.
- It allows the users to access a huge range of international digital assets that are not available in the U.S.
- It offers Visa debit cards to users with some nifty rewards.
- It offers low exchange fees to users.
- Users can quickly deposit USD to get crypto through this exchange.
Cons of Crypto.com
- Crypto.com needs to improve its UI/UX as it is hard for beginners to navigate various services. It has a complex ecosystem in this regard.
- The users need to lock CRO to get the highest rewards and rates.
- They have to lock other assets as well to get the highest rates.
- The customer support is not up to the mark.
- It does not offer compound interest to the users at the moment. They can only get daily interest on their savings and staking.
Crypto.com Products
Crypto.com offers various products and services that will be discussed in detail in this section of the Crypto.com review. There are six categories in which this platform provides its services for both beginners and advanced traders. In order to get started in the field of crypto, the users can buy & sell, spend, and grow their crypto portfolio. For advanced trading, the users can take crypto.com exchange, DeFi, and Crypto.com ecosystem services.
Crypto.com App Overview
The crypto.com app is a place where you can buy and sell cryptocurrencies at their actual cost. It allows users to buy and sell more than 100 cryptocurrencies, including Bitcoin, using over 20 fiat currency options. The Crypto.com Visa card provides an ease to the users to access, manage, and spend their funds anytime. The app can be downloaded from App Store by iPhone users and Google Play by Android users.
The users get an opportunity to pay the lowest fees for buying and selling crypto if they use a credit/debit card or bank transfer. They can also earn up to 8.5% p. a. on their crypto coins while 14% p. a. on the stablecoins like USDT.
The users can apply for crypto.com Visa Card to get 8% back on their spending in crypto.com coin (CRO). They can also do shopping with up to 10% back in CRO. The app has an outstanding feature of tracking over 200 cryptocurrencies by creating alerts related to the price and movement. The app also provides instant loans to the users when they deposit crypto into their accounts.
The app allows the users to send crypto to any other crypto.com account without any transfer fees. They can also withdraw crypto to an external address with small fixed withdrawal fees. It is incredibly safe and secure to buy, sell, and manage hundreds of cryptocurrencies on this platform.
Crypto.com NFT Overview
A non-fungible token has recently become a major asset class in the world. The NFTs of artwork, music, and internet memes have been sold for millions of dollars in recent times.
Crypto.com also supports the buying and selling of collectibles in its creative NFT environment. Celebrities like Snoop Dogg, Aston Martin, Boy George, and many more are the popular digital art creators on this platform. Snoop Dogg recently sold his Snoop Dogg Coins on crypto.com worth $662,378.
Crypto.com Credit Card Overview
Crypto.com provides convenience to the users in terms of spending their money by offering splendid options in the form of crypto.com visa cards and crypto.com Pay services. In this section of the crypto.com review, these services will be discussed in detail.
Crypto.com Visa Card Review
Crypto.com offers various Visa card options to the users with their respective benefits. These cards include Obsidian, Frosted Rose Gold & Icy White, Royal Indigo & Jade Green, Ruby Steel, and Midnight Blue.
These cards are acceptable on various leading online websites, including Spotify, Netflix, prime, Expedia, Airbnb, and Lounge Key. The cards with more CRO stakes are more beneficial for the users. They can earn bonus rewards on their Frosted Rose Gold, Icy White, and Obsidian cards. There is a free ATM withdrawal limit on each card. For Obsidian, Frosted Rose Gold, and Icy White, this limit is $1000 withdrawal per month. For Royal Indigo & Jade Green, this limit is $800/month. For Ruby Steel, this limit is $400/month. Last but not least, the users can withdraw $200/month through ATM by using their Midnight Blue visa card. The users can reserve and manage their Visa cards by using Crypto.com App.
Crypto.com Pay
Crypto.com offers a considerable benefit to the users to pay with crypto and earn rewards. There are various options for making payments in crypto here, including pay any merchant with crypto.com pay checkout, NFT purchase, shop for pay gift cards, mobile top-up, and sending crypto to friends. There is no gas fee for these instant settlements.
Crypto.com has listed various merchants that accept payments in cryptos, such as Time, Ledger, Unstoppable Domains, Travala.com, Shopping.io, CoinTracking, and many more. You can pay these merchants in 30+ cryptocurrencies to purchase their products and services.
Crypto.com NFT is one of the leading NFT platforms at the global level. It supports over 30 cryptocurrencies that allow users to purchase NFTs conveniently. The company offers Pay Gift Card Directory where more than 300 brands in over 30 countries are available. Some of the leading brands in this regard are Apple iTunes, Starbucks, Best Buy, Airbnb, and hundreds of others.
Crypto.com Grow
In this category of Crypto.com products, you will find two options, including crypto earn and crypto credit. Using the crypto earn option, you can earn up to 8.5% on your crypto investment while up to 14% on stablecoins per annum. You will find a vast range of crypto earn options on this website. Here are some of the best crypto earn options available on Crypto.com at the moment:
| Cryptocurrency | Interest | Cryptocurrency | Interest |
| Crypto.com Coin | 6% | Bitcoin | 6.5% |
| Ethereum | 6.5% | Tether | 12% |
| USD Coin | 12% | Dai | 12% |
| Paxos Standard | 12% | TrueUSD | 12% |
| TrueAUD | 12% | TrueCAD | 12% |
| TrueGBP | 12% | ICON | 3% |
| Litecoin | 3% | Bitcoin Cash | 3% |
| Kyber Network | 3% | Algorand | 3% |
| COSMOS | 3% | Tezos | 3% |
| OMG Network | 3% | Stellar | 3% |
| Cardano | 3% | EOS | 3% |
| Binance Coin | 3% | Basic Attention Token | 3% |
| Chainlink | 3% | Maker | 3% |
| PAX Gold | 3% | VeChain | 3% |
| Enjin Coin | 3% | Compound | 3% |
| Celer Network | 3% | Decentraland | 3% |
| Elrond | 3% | Polkadot | 12.5% |
| Uniswap | 3% | Bancor | 3% |
| Dogecoin | 3% | Shiba Inu | 3% |
| Polygon | 12% |
By using the crypto credit option, you can borrow up to 50% of your crypto collateral. You can get the credit limit of your choice. You can pay the loan back by setting your schedule. For example, on depositing $10,000 in BTC, ETH, ADA, or any other cryptocurrency, you will get a credit of $5,000 in USDT, USDC, PAX, or TUSD. You will receive the credit directly into your . You just need to deposit crypto and secure an instant loan.
Crypto.com Exchange Overview
Crypto.com offers a well-established exchange to crypto traders and investors. Note: Crypto.com Exchange is not currently available to U.S. customers. This exchange has deep liquidity, low trading fees, and the best execution prices. Here, traders can exchange hundreds of crypto in the form of spot, perpetual, and futures trading.
Advanced traders can utilize the feature of margin trading to extend their profits. It has all the features that a margin trader would desire to be in a crypto exchange. The exchange has a straightforward and user-friendly interface. Crypto.com offers 3x leverage to the margin traders as well. The company also provides derivative trading for experienced traders with leverage of 50x and ultra-low latency.
Crypto.com DEFI Wallet
Crypto.com offers a DEFI Wallet to the users where they can easily control their cryptos and keys. It allows them to manage more than 100 coins quite easily. They can also easily import their existing wallet with a word recovery phrase.
The DEFI Wallet has the benefit of sending crypto at a preferred confirmation speed and the network fee. The users can also earn interest on their crypto, staking up to 16% p.a. They can swap and farm DEFI tokens using their DEFI Wallet. The main aim of this crypto firm is to provide the utmost security to the users.
Crypto.com Fees
The trading fees charged by Crypto.com are based on volume. You will get more discounts as your trading volume increases. You can save a lot by staking CRO and paying fees in it. The trading fee conditions are described in the table below.
| Level | 30-Day Trading Volume | Maker | Taker | Discounted Maker | Discounted Taker |
| 1 | $0 – $25,000 | 0.4% | 0.4% | 0.36% | 0.36% |
| 2 | $25,001 – $50,000 | 0.35% | 0.35% | 0.315% | 0.315% |
| 3 | $50,001 – $100,000 | 0.15% | 0.25% | 0.135% | 0.225% |
| 4 | $100,001 – $250,000 | 0.1% | 0.16% | 0.090% | 0.144% |
| 5 | $250,000 – $1,000,000 | 0.09% | 0.15% | 0.081% | 0.135% |
| 6 | $1,000,001 – $20,000,000 | 0.08% | 0.14% | 0.072% | 0.126% |
| 7 | $20,000,001 – $100,000,000 | 0.07% | 0.13% | 0.063% | 0.117% |
| 8 | $100,000,001 – $200,000,000 | 0.06% | 0.12% | 0.054% | 0.108% |
| 9 | > $200,000,000 | 0.04% | 0.1% | 0.036% | 0.090% |
Crypto.com Withdrawal Fees
The withdrawal fees on Crypto.com will depend on the coins youâre withdrawing. Each coin has a minimum withdrawal amount, along with a withdrawal fee. BTC has a minimum withdrawal amount of 0.0005 BTC and a fee of 0.0004 BTC. However, you can save on withdrawal fees by paying in CRO.
Conclusion
Crypto.com is a beginner-friendly exchange with various benefits and services for crypto enthusiasts and investors. It provides a fantastic opportunity for everyone who wants to create digital assets. Along with multiple benefits, there are some areas where this company needs to improve to attract more and more customers. As far as the current journey of crypto.com is concerned, the company took various bold decisions to strengthen its ecosystem. These decisions remained fruitful for it in the past. It is committed to using an aggressive approach in the future as well in terms of making decisions. The future of crypto.com looks bright if it makes its ecosystem more beginner-friendly and improving customer support.