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Crypto.com Review

By CCH11/29/2022

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Crypto.com is one of the world’s fastest-growing cryptocurrency exchanges, offering users a secure and convenient way to buy, sell, trade, and store digital assets. With support for over 200 coins available in more than 150 countries and a wide range of trading tools, Crypto.com is an easy-to-use platform with industry-leading standards.

Crypto.com is committed to providing users with the tools they need to succeed in the ever-evolving cryptocurrency market. Its platform not only offers access to a wide range of trading services but also comes with a Visa card that makes spending crypto much easier. 

They also have payment processing and custody solution, as well as innovative products such as a decentralized exchange and a standalone crypto wallet.

Crypto.com’s NFT marketplace houses cutting-edge artwork and collectables. They also offer an extensive loyalty program that allows users to earn interest on their crypto holdings up to 14.5% interest.

Crypto.com Pros and Cons

Pros

  • Comes with a mobile app on Android and iOS for ease of use

  • Intuitive and straightforward user interface

  • Discounted trading fees for CRO token holders

  • Features multi-factor authentication and whitelisting

  • Low fees

Cons

  • Not available in some countries

  • Limited customer service options

Crypto.com Funding Methods

MethodBuySellSpeed
Bank Account (ACH)YesYes1-3 Days
Credit/ Debit CardYesNo Instant
Wire TransferYesNo1-3 Days

Crypto.com Review: The Basics

If you don’t have time to read the full Crypto.com review, here is a TLDR version:

  • Crypto.com is a comprehensive digital asset platform that offers users a secure, easy-to-use environment for buying, selling, trading, and storing cryptocurrencies.
  • One of the flagship products of Crypto.com is its proprietary Visa card that offers various perks for users including crypto-back rewards.
  • The platform supports over 200 coins and countries across the globe and provides users with access to advanced trading features.
  • Additionally, Crypto.com offers a loyalty program and discounts for holders of the CRO token.

History of Crypto.com

Launched in 2016, Crypto.com is the first platform to provide comprehensive digital asset services that cover all aspects of cryptocurrency trading and investing. The company has grown rapidly in recent years, with over 5 million registered users and more than $4 billion in assets under management.

The platform offers a wide range of features for both beginner and intermediate traders. For beginners, Crypto.com provides an easy-to-use platform where users can quickly and securely purchase, sell, trade, and store digital assets. They also offer a wide range of educational materials to help new traders learn how to make informed decisions in the crypto market.

For more experienced traders, Crypto.com offers advanced trading features such as margin trading and futures trading. They also offer a variety of order types, including limit orders, market orders, stop-loss orders, and more.

Setting Up an Account with Crypto.com

Setting up a crypto trading account with Crypto.com is easy. First, download the Crypto.com app from your Apple Store or Google Play Store.

Next, open the app and enter details about your email and password. You will need to verify your account with a picture of your ID. The next step after this is to link your payment method to your Crypto.com account to fund your trading activities.

Once the account is set up, you can begin trading on the platform. You will have access to over 250 cryptocurrencies, not to mention access to trading tools, as well as market analysis and news to help make informed decisions.

The popular Crypto.com app.

Ease of Use

In terms of ease of use, Crypto.com is easy to understand and navigate, even for beginners. The platform’s interface has been designed to focus on usability, making it perfect for novice and experienced traders.

The app also comes with a suite of features that make trading more manageable, such as margin and futures trading, sophisticated order types, and portfolio tracking tools.

Crypto.com Visa Card

Crypto.com offers its users a sleek metal Visa card that allows for a 5% kickback on all spending using it. In addition, there are no annual fees, and users can top-up their cards with either fiat or crypto. The card is an excellent option for those who want to make purchases using their cryptocurrency.

Supported Cryptocurrencies

Crypto.com supports over 250 digital assets, including;

  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Polygon
  • USDC
  • Dogecoin

The platform also offers trading pairs with USDT and fiat currencies such as the US dollar (USD), Euro (EUR), Hong Kong Dollar (HKD), and Singapore Dollar (SGD).

Fees & Limits

The trading fees on Crypto.com are very competitive and range from 0.0% to 0.4%, depending on the user’s trading volume in the past 30 days. In addition, those who hold a certain amount of CRO tokens receive discounted fees of up to 25%. Users will incur no fees for deposits unless they use a credit card. For withdrawals, costs vary depending on the asset being withdrawn.

It’s worth noting that these fees are based on using the exchange. The mobile app for Android and iOS has slightly higher spreads that vary.

Crypto.com also has deposit and withdrawal limits which vary depending on the verification level of the user’s account. The higher your account’s verification level, the higher your deposit and withdrawal limits will be.

Security and Trustworthiness

Security is a top requirement for any exchange platform. Fortunately, Crypto.com is SOC2 Type 1 Compliant, which is compliant with the highest security standards in the industry. Furthermore, it boasts a Singapore Data Protection Trust Mark and employs multi-factor authentication and whitelisting to protect users’ accounts from unauthorized access.

Crypto.com also offers FDIC insurance for US customer deposits up to $250,000. This helps to give users peace of mind that their funds are safe and secure. Keep in mind that’s only US funds. There is no FDIC insurance offered on crypto balances at Crypto.com or any other exchange.

Customer Support

Crypto.com’s customer support is one of its weaker points, as it does not offer a live chat function or telephone support.

The only way to get help is by submitting a ticket through their website or emailing the team directly – though response times can vary depending on the issue.

Other Outstanding Features

Crypto.com is a close competitor of Coinbase in the US crypto market. However, compared to Coinbase, Crypto.com stands out for its extensive list of supported coins and lower trading fees. Crypto.com also features the metallic Visa card users can use to transact with their crypto holdings. The decentralized exchange and NFT marketplace are also standout features on Crypto.com’s platform.

While more can be done to improve its customer service, Crypto.com is a great platform to get started trading cryptocurrencies and provides users with all the tools they need to manage their accounts and stay on top of the market.

Conclusion: One of the Best

So there you have it, folks, a detailed look into Crypto.com – an all-in-one platform perfect for traders and users looking to transact with their crypto holdings.

With competitive fees, a wide range of coins and the metal Crypto.com Visa card, it’s no wonder why this exchange has quickly become one of the most popular crypto platforms in the US market.

Article tags

crypto.com
Exchanges
Reviews
CCH

Administrator

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