Crypto.com is a crypto exchange performing as a one-stop-shop for all your crypto transactions. Create your diversified investment portfolio.
What is Crypto.com?
Crypto.com offers an online brokerage through a mobile app and cryptocurrency exchange. Thus, you can buy and sell 90 popular cryptocurrencies with 20+ fiat currencies using bank transfers or your credit and debit card. It’s a low-fee crypto exchange that offers much more.
Based in Hong Kong and founded by Kris Marszalek and Bobby Bao, the Crypto.com ecosystem consists of decentralized finance offerings, trading platforms, payment solutions, and other financial services.
What is Cryptocurrency?
Cryptocurrency is a digital currency that uses cryptography for security. The first cryptocurrency was Bitcoin, which was invented in 2008 by Satoshi Nakamoto. Cryptocurrencies are decentralized, meaning no single entity controls them. One important thing to understand is that cryptocurrencies currently function more like a crypto asset–store of value.
How does Crypto.com Trading work?
With the cryptocurrency platform, you can:
- Buy, sell, send, receive, withdraw, and exchange a wide range of popular cryptocurrencies.
- Spend using the Crypto.com Visa card and get up to 8% back.
- Receive rewards up to 14.5% on your crypto assets.
- Trade cryptocurrencies 7 days a week.
For example, the Crypto.com exchange lets you trade Bitcoin (BTC) and Crypto.com Coin (CRO) base pairs. You can also trade meme-coins DOGE and buy Shiba Inu coins (SHIB).
And it’s essential to understand crypto trading involves substantial risk of loss. It’s not suitable for every investor. With cryptocurrencies, the value fluctuates volatility, and as a result, users may lose all of their original investments.
Features & Benefits
Crypto.com is a platform allowing you to diversify your investments.
- Low-fees: Transfer money into your account via bank or wire transfer without fees.
- True cost: Buy and sell cryptocurrencies at true cost.
- Crypto deposit bonus: make crypto deposits and receive incentives
- Crypto.com Visa card: Several Crypto.com Visa card tiers offering up to 8% CRO rewards on purchases, depending on the amount of CRO staked.
- Crypto Pay: Buy gift cards with crypto or select crypto payment at checkout at certain retailers to pay using crypto.
- Crypto Earn: Users can earn up to 12% on cryptocurrency deposits; however, it’s typically not recommended to store currency on platforms.
- Crypto Credit: Non-U.S.-based users can borrow up to 50% of their crypto collateral with a crypto credit or crypto loan.
Based in Hong Kong and offices in the United States, Crypto.com services are provided by Foris DAX, Inc. and its affiliates (NMLS ID 1966158).
- Users must be at least 18 years old.
- Confirmed email address.
- Reside in an eligible country such as the United States.
- Trading fees: volume-based and charged on every transaction.
Who is it best for?
Crypto.com is best for investors looking to take crypto seriously.
In our Crypto.com review, we learned it’s a great cryptocurrency exchange for all levels. Firstly, you can trade cryptocurrencies with a simple platform. Secondly, the low fees make it highly competitive. Thirdly, the company states its mission is to Fastrack the adoption of crypto as currency. Finally, with this mission in mind, security features are a priority.
Crypto.com distinguishes itself with its Visa card offering. They have various tears from Midnight Blue to Obsidian. For example, their Ruby Steel Crypto.com Visa card gives you 2% back in CRO rewards.
Although the website might take time to get used to, it’s easy to use and will enjoy the simplicity. And based on our review, we learned Crypto.com is one of the cheaper options among the crypto exchanges.
- Low fees
- Earn interest
- Easy to convert money
- Visa credit card with cash back rewards
- Customer service may not be responsive
- Limited educational resources
Crypto.com Defi Wallet gives you access to a non-custodial decentralized financial wallet. You store the crypto keys in your crypto wallet.
How to Start a Crypto.com Account
The time needed: 3 minutes.
Step-by-step to open a Crypto.com Exchange
- Get started
- Create an account and click on the link here. Use Code “cro10” (if not already filled in).
- Follow the instructions
- Provide all the necessary information including email, date of birth, and country of residence.
- Submit your application
- You will need to verify your phone number and confirm your identity through a verification process.