Crypto.com Review 2022

Premier Crypto Exchange

Crypto.com is one of the most reliable and user-friendly cryptocurrency exchanges in the market.

With more than 250 different currencies supported, Crypto.com offers unbeatable liquidity and fees that are lower than most of its competitors.

In addition, holders of Cronos (CRO) receive exclusive discounts on trading fees and other products offered by Crypto.com.

In this Crypto.com review, we’ll take a look at its features, fees, security, and more to see what it has to offer investors today and beyond.

Crypto.com Best Exchange for pro traders

What is Crypto.com?

Crypto.com is a popular cryptocurrency exchange based in Singapore that initially began operations in 2016. It serves over 10 million customers worldwide and offers more than 250 cryptocurrencies.

With a unique collection of cryptocurrency-related financial services, Crypto.com provides clients in 90 countries access to one of the world’s premier cryptocurrency exchanges for trading cryptocurrencies.

Crypto.com is the ultimate destination for anyone looking to get serious about cryptocurrency trading and investing. With an impressive range of features and tools, Crypto.com makes it easy for beginners to get started – while also providing powerful options for more experienced users.

The DeFi wallet, on the other hand, is a decentralized exchange that allows you to trade digital assets with others. If you go down this route, you’ll be in complete control of your keys and have the option of paying a higher price for faster processing.

Whether you’re looking to buy and hold or trade actively on the market, Crypto.com has everything you need to take your crypto experience to the next level!

Detailed Crypto.com Review

As cryptocurrency grows in popularity, more people are looking for ways to invest in it. One popular option is Crypto.com, an online cryptocurrency platform that allows users to buy, sell, and trade various digital assets. 

Crypto.com is more than just a cryptocurrency exchange – it’s your complete solution for all things blockchain-related! Crypto.com makes it easy for anyone to get involved in this fascinating technology with a wide range of products and services.

Low trading fees, a variety of currencies available, and plenty of other features make Crypto.com the best choice for anyone looking to invest in cryptocurrencies.

And if that’s not enough, Crypto.com also offers a range of fantastic additional products and services, including Visa prepaid credit cards, a decentralized exchange, a non-custodial DeFi wallet, and an NFT marketplace.

So whether you’re just getting started in the world of cryptocurrencies or you’re a seasoned pro, Crypto.com is the perfect place to do business.

Crypto.com’s platform allows you to stake your coins and earn up to 14.5% interest, all while keeping your money safe in a secure wallet.

If you’re looking for a low-cost and straightforward way to invest in digital currencies, Crypto.com is the ideal choice. With fees starting at just 0.40%, it’s easy to get started – and with support for over 250 currencies, you’re sure to find the perfect investment.

Trading volume discounts and a substantial holding of CRO tokens reduce fees even further. Plus, with advanced order types and crypto futures trading, Crypto.com has everything you need to get started in the world of digital currency investment.

Crypto.com Mobile App

If you’re looking for a reliable and user-friendly mobile app for trading cryptocurrencies, Crypto.com is the ideal crypto exchange.

Crypto.com’s mobile app provides a secure and intuitive experience for users of all levels of experience, making it the perfect choice for anyone searching for an easy way to get into the cryptocurrency market.

With Crypto.com, you’ll have everything you need to get started trading cryptocurrencies right at your fingertips!

With a user-friendly interface, you can buy and sell popular cryptocurrencies like Bitcoin and Ethereum, quickly view your portfolio, track real-time prices, and stay up-to-date on market news and analysis.

And with easy-to-use chart tools, you can track the performance of each currency and make informed buy and sell decisions. So if you want to take advantage of this exciting new investment opportunity, Crypto.com is your solution!

Crypto.com Fiat Currencies Supported

Crypto.com is the perfect place for tech-savvy investors looking to get in on the digital currency craze!

Crypto.com enables customers in 90 countries to buy a diverse selection of cryptocurrencies with their local currency by supporting a variety of fiat currencies, such as the U.S. dollar (USD), Canadian dollar (CAD), Euro (EUR), Pound sterling (GBP), Australian dollar (AUD), and Brazilian real (BRL).

With support for several fiat currencies, it’s easy to purchase crypto with your local currency. Thus, Crypto.com makes investing in digital currencies a breeze!

Crypto.com Fees

Crypto.com is committed to making it easy for you to get started with cryptocurrency. Their fee structure is designed to be straightforward for well-informed investors to understand, so you can focus on what’s important: investing in digital assets. 

Fees are low and limited to only 0.40%, decreasing, and they support 250 currencies so that you can trade with confidence. So sign up today and start taking advantage of everything Crypto.com has to offer!

Maker and taker fees for higher-volume traders may be as low as 0.04% or 0.1%, depending on your trading volume, without any CRO staking.

Trading fees are reduced for those who maintain at least 5,000 CRO in their wallet.

Traders with up to $25,000 in monthly volume pay a 0.36% discounted maker and taker fee when they stake at least 5,000 CRO. Rates decrease as the size of the CRO holding increases.

There are no additional trade fees for each transaction, so Crypto.com is a cost-effective trading platform.

Nevertheless, it’s all too easy to get lost in the plethora of discount tiers that Crypto.com offers on its trading fees.

The cost of using a credit card or debit transaction is 2.99%. However, credit card or debit transactions are quick and easy, and you can avoid these fees by transferring money into your account using ACH.

After your first 30 days, Crypto.com imposes a fee for credit and debit card crypto purchases made using its app. In addition, if you use a credit card to buy cryptocurrency, your credit card company may charge you a cash advance fee.

Moreover, Crypto.com offers competitive rates to withdraw crypto from the platform. However, you’ll also be charged a fee if you want to withdraw crypto from the platform. This fee varies depending on the type of cryptocurrency being withdrawn. For example, the fee for Bitcoin is 0.0004 BTC.

So if you’re ready to take the plunge into the world of cryptocurrency, Crypto.com is one of the best crypto exchanges to start!

Crypto.com Conversion

Conversion is simple at Crypto.com, allowing you to convert fiat currencies into cryptocurrency easily. For example, it takes USD, GBP, and EUR, among other fiat currencies.

You won’t have to pay excessive fees, but depending on where you live, you may be restricted to a select list of fiat currencies once you’ve registered.

Crypto.com Security & FDIC Insurance

Crypto.com uses a variety of security precautions, such as multi-factor authentication (MFA) and whitelisting to enhance the security of its customers’ accounts. Of course, using a strong password and maintaining good online privacy standards are also critical for account protection.

Because cryptocurrency transactions can’t be reversed, you won’t be able to retrieve lost crypto if your account is compromised.

To assist with security, Crypto.com employs advanced compliance monitoring and keeps client funds in cold storage to guard against attacks and losses. It also collaborates with local financial institutions in the United States to give $250,000 of FDIC coverage on dollar balances.

Crypto.com also collaborates with local financial institutions in the United States to offer FDIC insurance on U.S. dollar balances insured up to $250,000.

Nevertheless, Crypto.com had previously announced in its security report that 483 of its users were affected by a security incident on January 17, 2022, resulting in unauthorized withdrawals of Bitcoin and Ether worth $35 million.

Crypto.com Customer Service

Investing in cryptocurrency can be daunting, but with Crypto.com, it doesn’t have to be! Crypto.com makes it easy for you to buy and sell Bitcoin, Ethereum, and other popular cryptos, and their customer service is always available to help you every step of the way.

Customers can reach out to Crypto.com customer service through a support page, email, or live chat. Unfortunately, for Crypto.com users, there is no phone support available.

It’s typically reasonable to consider Crypto.com to be a self-service exchange since reaching out to customer service and getting an issue resolved might take some time. It’s best for individuals who are somewhat familiar with internet financial products and won’t require much help.

Crypto.com Visa Cards

Introducing Crypto.com’s Visa prepaid cards! With five different options to choose from, there’s a card perfect for everyone. Just load it up with your fiat base currency or favorite cryptocurrency and spend anywhere that accepts Visa.

Plus, you’ll get up to 8% crypto (CRO) back on all your purchases, depending on what card tier you have.

The top-of-the-line Obsidian card even comes with additional benefits, but you’ll need to stake a whopping $400,000 USD worth of CRO to qualify. So don’t wait – get your Crypto.com Visa card today!

Introducing Crypto.com’s premium line of cards, the Midnight Blue card, and the Ruby Steel card. Whether you’re a crypto novice or an experienced investor, Crypto.com’s Visa cards make it easy to earn rewards on your purchases.

In addition, with no annual fees, free ATM withdrawals, and foreign transactions, their cards are the perfect way to manage your finances.

The $0 no-stake Midnight Blue card offers 1% back on purchases, with no annual fees. In contrast, the Ruby Steel card — which can be obtained by staking $400 USD worth of CRO — comes with a 2% back.

Plus, both cards come with a set amount of free ATM withdrawals and foreign transactions each month. So whether you’re looking for an excellent way to save money or want to start investing in crypto, Crypto.com has the perfect card for you!

Cash Back & Gift Cards

You can use your Crypto.com Visa Card to shop for virtually anything other than cryptocurrencies, and you’ll earn cash back when you buy gift cards with several well-known companies.

The amount of cash back is determined by the amount of CRO you have staked, and the sort of firm the gift card is from.

The present list of U.S. gift card brands includes Airbnb, Barnes & Noble, Macy’s, and others.

Crypto.com Earn Interest – Exchange Platform

Crypto.com isn’t just a cryptocurrency exchange to buy bitcoin and other cryptocurrencies. Account-holders may also earn high returns on their savings.

The lowest interest rates offered by Crypto.com are better than the highest high-yield savings accounts. 14% is the maximum interest you can make, but — similar to Visa card perks – you’d need to maintain a lot of cash in CRO to qualify.

You may earn more money and acquire benefits by staking CRO on the Crypto.com mobile app or exchange for more than six months and then leaving it alone.

Your interest rate depends on how much time you leave your money, what currency you store, and how much CRO you stake. If you want to improve your interest rate, you may do so as follows:

Stake 50,000 CRO or More – Earn Even More Interest!

If you stake 500,000 CRO or more, you can earn even more interest. Crypto.com has everything you need to get the most out of your crypto investment with a vast range of cryptocurrencies to choose from, low fees, and tons of features.

Deposit CRO for the Best Interest Rates

Deposit it for a three-month term. One-month and flexible terms are also available, but three-month terms offer the best rates. Earn interest today!

Earn More Interest on Your Stablecoins

Invest in a stablecoin. If you peg your investment to fiat currency or commodities, you can earn even more interest on Crypto.com. Still, your coin is unlikely to increase in value as much as a regular cryptocurrency might.

The interest rate you earn is determined by how long you keep your funds, what currency you save them in, and the amount of CRO you have staked.

Keeping your savings in crypto, on the other hand, is a bit of a gamble. All cryptocurrencies are volatile, and unlike FDIC-insured bank accounts, they aren’t covered by FDIC insurance.

So if the currency you’re investing in goes bankrupt, it could leave you with nothing.

Crypto.com Loans

While taking out loans on Crypto.com Lending, the user experience will be determined by whether or not CRO tokens have been staked. Those who stake CRO may receive reduced interest rates.

Staking 10,000 CRO or more earns an 8% annual interest rate on loans. Anyone staking 1000 CRO or less will be charged 12% yearly interest on their loan.

Regarding collateral choices, Crypto.com users can choose between Bitcoin, Ether, Litecoin, CRO, and Ripple to back their loans. The credit will be provided in the form of a USD-denominated stablecoin.

Crypto.com loans do not require credit checks and have no time constraints, which is good news for those with bad credit and looking to borrow cash quickly.

In addition, the smallest loan amount is $100, while the maximum loan amount is $1 million.

Citizens or residents of restricted jurisdictions are not permitted to use Crypto.com’s Lending services at this time.

Crypto.com will liquidate the user’s crypto assets if a loan is not paid off within 12 months or the user’s collateral reaches 85% of the loan amount.

Crypto.com NFTs

Crypto.com is your one-stop destination for exclusive digital collectibles and NFTs.

Crypto.com has a marketplace for nonfungible tokens (NFTs), which are collectibles with unique characteristics and can’t be duplicated or hacked in the traditional sense.

Crypto.com offers a curated selection of the most sought-after NFTs in the crypto world so that you can get your hands on the latest and greatest blockchain goodies.

NFTs allow you to own digital files such as visual art, music, and videos, and some of them have fetched large sums of money owing to their growing popularity.

Whether you’re looking for rare artwork or simply looking for a fun new way to spend your time, Crypto.com has you covered!

Crypto.com Missions

With Crypto.com’s Missions, you can earn Diamonds that you can use to redeem Rewards, such as Mystery Boxes!

By exploring and using the Crypto.com App, you can quickly rack up Diamonds and get rewarded for your loyalty!

Users complete fun tasks like learning about cryptocurrency at Crypto.com University and buying cryptocurrencies to earn Diamonds.

Indeed, reading articles on Crypto.com University is like taking courses. In other words, you may earn free CRO by acquiring financial knowledge.

Looking for a fun and lucrative way to invest your Diamonds? Look no further than Crypto.com’s Mystery Boxes!

Each box contains up to USD 1,100 worth of CRO, making it the perfect investment for anyone looking to grow their portfolio.

So what are you waiting for? Invest today and see what amazing treasures await you inside!

Signing up for a Crypto.com Account

Crypto.com
Premier Crypto Exchange

Download the Crypto.com app from the Google Play Store or Apple Store to create a Crypto.com account.

Start by entering your email and choosing a password in the app. Users must supply their name, photograph of ID, and a selfie to verify a new Crypto.com account.

After that, you’ll need to associate a payment method, such as a bank account, to your Crypto.com account.

If you’re linking a US bank account, you’ll need to supply Know Your Customer (KYC) information, such as your name, contact information, and Social Security number.

Users who have been fully verified can deposit and withdraw up to Crypto.com’s daily and monthly limitations. The new account creation procedure, including KYC verification, generally takes less than 10 minutes.

After your account is set up, you can start buying and selling cryptocurrencies.

Not as User-Friendly as Coinbase, but a Better Trading Experience for Experts

In the United States, Coinbase and Crypto.com are two of the most well-known cryptocurrency exchanges. Users often wonder which exchange to choose, bringing up the discussion of Crypto.com versus Coinbase.

When compared to Coinbase, Crypto.com has a larger variety of tradable assets as well as cheaper trading fees. However, its platform isn’t as user-friendly as that of Coinbase, and the trading experience isn’t quite as beginner-friendly.

The trading fee discounts that Crypto.com offers to traders may be initially difficult to comprehend if you are a beginner.

Depending on your needs, Crypto.com might be a better choice if you already have some trading experience.

Bottom Line
Pros
Cons
crypto.com logo
Crypto.com
Exchange
Start Investing
Bottom Line
Great for mobile app users. Feature-packed.
Pros
Many features such as exchange, mobile app, and lending

Additional benefits for staking CRO

Several methods to generate cryptocurrency or interest
Cons
A newer exchange with a less established track record

Educational resources are quite scarce compared to competitors

Coin availability varies by state in the U.S.
coinbase logo
Coinbase
Exchange
Start Investing
Bottom Line
Great for beginners. Easy to use.
Pros
Simple to use even for beginners

Proven track record and a well-deserved reputation for security

Conduct transactions with PayPal
Cons
Fewer opportunities for fee discounts

Currency selection is somewhat limited

Some of the highest fees compared to competitors

Get Started with Low Fees and Fast Deposits Today!

Crypto.com is a premier exchange that should be considered by any investor that is serious about cryptocurrency.

With a wide variety of supported cryptocurrencies, unique features, and low fees, Crypto.com is an excellent choice for traders with some experience in the market.

Users of Crypto.com who do not stake any CRO will pay 0.4% on transactions with a total monthly trading volume of less than $25,000. Although they aren’t the cheapest, trading costs are somewhat lower than those of some big industry rivals.

And if you have any questions, don’t worry – Crypto.com’s customer service will be able to assist you. So feel free to explore the exchange, sign up for an account, and invest in cryptocurrencies! Ready to start trading? Visit Crypto.com today!

As with any investment, it’s important to do your own research before buying or selling cryptocurrencies.

Make sure you understand what you’re investing in and the risks involved. And don’t forget to set up two-factor authentication on your exchange account for added security.

Crypto.com
Premier Crypto Exchange
Crypto.com Review 2022
Crypto.com Review 2022

Sunny Hoi

Sunny Hoi

Sunny is an experienced content strategist. He has a deep understanding of the retail and finance industries. Sunny has written extensively about products, services, stores, stocks, cryptocurrencies, and investment strategies. Sunny's writing reflects his deep understanding of his subjects and commitment to providing clear, concise information that helps readers make informed decisions.

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