Upfront summary: Is Crypto.com worth it?
Crypto.com is a legit worldwide digital asset service firm located in Switzerland that allows users to invest in cryptocurrencies quickly and efficiently With the user-friendly program, one may purchase, trade, sell, store, earn, loan, and pay bills using cryptocurrency. The application is designed for beginners and provides a wide selection of items.
With over 10 million installations and a rating of 4.1 stars on the Google Play Store, the Crypto.com app is now the most popular cryptocurrency app. According to user reviews on the app store, the software is excellent; nevertheless, many users have expressed how difficult it is to acquire or sell digital assets during periods of high volatility. Crypto.com is an innovative blockchain company. Their exchange, the trade union, visa cards, something for everybody! Use their Blockchain portfolio choices if you are an expert investor to take your game to the moon.
Crypto.com Company information
| Official Website | www.crypto.com |
| Founded | June 2016 |
| Owner | Kris Marszalek. |
| Number of Employees | 501-1000 |
| Revenue | $200M |
| Location | Sai Wan, Hong Kong Island, Hong Kong |
| Customer Service Contact | Contact@crypto.com |
| Social Media | % |
What is CRYPTO.COM?
Crypto.com is a well-known cryptocurrency and payment platform. Its primary aim is to increase the use of cryptocurrencies. It was Founded in 2016. Crypto.com has over 3 million current users. Kris Marszalek, an entrepreneur, is the firm’s CEO, which is based in Hong Kong. Crypto.com is a cryptocurrency platform with low fee rates and enables you to buy, sell, trade, loan, store, loan cash, spend, and pay bills in cryptocurrency. It also supports different types of investment from customers worldwide.
How do CRYPTO.COM works?
The founding mission of Crypto.com was to accelerate the global transition to cryptocurrency. What started as mainly a crypto-payment is now a popular crypto-currency hub.
Crypto.com works on your desktop as well as your mobile app. Once you have created your account and have verified your identification, you can use it to trade crypto in two ways: Either the use of its exchange or through its DeFi wallet.
The trade is one of the industry’s best value gateways to crypto markets. If you trade in cryptocurrencies using the exchange, you will pay a small manufacturer/taker fee. The DeFi wallet, by contrast, is a decentralized exchange that allows you to swap cryptocurrencies with other users. You will have complete control of your keys if you take this route, and you can choose to pay a higher fee for your swap faster.
Is CRYPTO.COM safe and legit or a scam?
You can use the site to purchase and sell coins without any danger of fraud. In addition, customers may also buy and trade cryptocurrencies on a genuine basis at no hidden fee.
Users are provided with all the safety protections you would expect, such as multi-factor authentication and phishing precautions. Password, biometric, email, phone, and authenticator verification are also included in user security.
Crypto.com security is integrated into all aspects of its operations, and renowned security firms test systems for stress. It also employs a bug bounty program, Hacker One, to uncover deficiencies.
Crypto.com partners with Ledger, insured for $360 million for damages or theft, to store user cryptocurrencies in cold storage. And with insurance, if you have an equilibrium of U.S. dollars, the money is insured by FDIC as it is with a regular bank.
Is CRYPTO.COM trustworthy and reliable?
Crypto.com has a web rating of 4.5, which makes it trustworthy. Crypto.com stores 100% of its customer money in offline cold storage on the service side. In cooperation with Ledger, the security solution employs its Ledger Vault, an institutional-grade custody system that uses hardware security modules (HSM) and multi-signature keys.
In addition, Crypto.com cold storage provides USD 500 million insurance coverage, including direct and indirect custodial range, physical damage, and third-party theft.
Crypto.com also employs HSM and multi-signature keys to safeguard its hot wallets. The assets in its hot wallets are corporate funds and represent a percentage of the firm’s total holdings, which are adequate for consumers to withdraw daily.
Customer deposits are stored in highly regulated custodial bank accounts worldwide, benefiting from local regulation regarding fiat currency safety. For example, U.S. customer’s balance sheets are covered by FDIC insurance covering a value of up to USD 250,000. In any event, Crypto.com will allow you to maintain possession of your fiat money, ensuring that Crypto.com or its creditors can never claim them.
Who Should Choose CRYPTO.COM?
Crypto.com may be an excellent alternative for individuals who want to go into the platform with its many benefits and features. For example, CRO’s extensive holdings, Crypto.com’s cryptocurrency mean reduced trading costs and more significant Crypto.com incentives. If you’re new to cryptocurrencies, Crypto.com’s trading interface may overwhelm you. So, trade wisely.
CRYPTO.COM App Review
The founders of Crypto.com are planning a future where bitcoin is not a novelty but a regular investment class. Crypto.com can help you weave cryptocurrency into your financial life. For this purpose, the platform offers the following beneficial capabilities beyond the standard purchase and sale of crypto:
Cashback Card Visa
Crypto.com gives you a prepaid visa card that works like a bonus debit card and can make your crypto deposits easier to use. Although it is open to everyone, those that buy and hang on to the native cryptocurrency CRO platform will benefit most.
High-Interest Rates
You may earn high-interest rates by opting to lend your bitcoin to others. Borrowers may then use these loans to validate proof-of-stake currency and other monetary transactions.
Crypto.com Fees
Crypto.com implements a fee system for the maker-taker. It implies that you will have to pay a different charge based on cash because there are no matching orders (i.e., you are a manufacturer) or whether your order is liquid because it matches the order on the books (i.e., you are a taker).
Features
- Earn up to 6.5% a year (p.a.) on your crypto;
- 12% p.a. on stablecoins
- Get a visa card for metal (up to 8 percent Rewards back)
- Buy/sell 100+ True Cost coins without any hidden fees
- Crypto deposit, get immediate financing.
- Users of apps can trade with Crypto.com
- to buy Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Stablecoins Credit/debit card or bank transfer.
- Store and transact bitcoins securely
Is CRYPTO.COM insured and regulated?
Crypto.com is a licensed and regulated crypto firm that meets all essential requirements in finance and risk protection. At the 2012 Lloyd’s Syndicate, Crypto.com has secured a $100M insurance coverage managed by Arch Underwriting. Crypto.com has obtained the most outstanding coverage Crypto.com has obtained in custodial partner Ledger Vault for its cold storage assets.
The new policy raises the overall bitcoin insurance of Crypto.com to $360M, including custodial coverage. It would substantially increase security protection against physical damage or destruction and third-party theft from Crypto.com’s expanding user base.
CRYPTO.COM Fees and Costs
When it comes to centralized exchange trading costs, Crypto.com is the lowest. It is one of the most outstanding fiat-to-crypto gateways in the crypto market, despite various items being priced differently. No charges are hidden.
The Crypto.com App is the most convenient method to use Crypto.com to buy, sell, send, receive, trade, and pay using cryptocurrency. The software offers free cryptocurrency deposits, crypto transfers to crypto exchanges, and free transfers to the Crypto.com Exchange and DeFi Wallet.
However, it imposes a fee for bitcoin withdrawals to an external address, which varies according to the cryptocurrency withdrawn.
Transaction fees are how they generate money. They make money through debit card deposits and withdrawal fees.
The fees you are paying depends on the type of trade you make and the services you use. Here are some fees you may find:
- Your mobile app is 2.99% to 3.99% of debit or credit card processing fee, depending on your area.
- Depend on your last 30 days of trading volume, 0,10 to 0,16 percent takeaway charge per order.
- Depending on your last 30-day trading volume, 0.04% to 0.10% make a charge.
- Wallet withdrawal costs are based on the currency.
- 0.015% to 0.04% of the derivatives charge.
- Derivatives maker fee ranges from 0% to 0.025 %.
- Withdrawal costs for visa cards are based on the level of your card.
Network costs for DeFi Wallet transactions. These charges are paid to miners in blockchain, not crypto.com.
Does CRYPTO.COM have good customer service?
Crypto.com provides a customer assistance program 24/7 via email and in-app chat. The customer service of Crypto.com should be improved. Most complaints are about sluggish response times and a lack of help in dealing with problems. The service improves with higher levels, and one of the benefits of a VIP program is a personal account manager so that high-frequency traders may not be as frustrated as consumers.
CRYPTO.COM Supported countries
It is possible to access Crypto.com from the vast majority of nations, including those in the United States and Europe. It is also available in Canada, Australia, Russia, Latin American countries, and several Asian and African countries. Countries like Ghana, Niger, Gambia, Morocco are not supported
Pros and Cons
| Lower Fees | Some Geographical Restrictions |
| Buy and Sell crypto with FIAT | Centralization |
CRYPTO.COM Career
Working at Crypto.com allows you to collaborate with brilliant, fascinating, ambitious, and modest individuals who are enthusiastic about creating brand-new things from the bottom up. They value cooperation, an open work environment, and dynamic culture.
Best CRYPTO.COM Alternatives
Here are some examples:
- Binance
- Coinbase
- Uphold
- Poloniex
- Kucoin
FAQs
Who is qualified to earn a 2 % bonus on cryptocurrency deposits to the Crypto.com Exchange?
The 2 percent deposit incentive is available to new users* who fulfill both of the eligibility requirements.
- Registering for a Crypto.com Exchange account after May 11, 2020, 00:00:00 UTC will be accepted.
- Account verification for the Advanced level has been completed.
What is the best way to stake CRO on the Crypto.com Exchange?
If you want to stake CRO on the Crypto.com Exchange, you must first have CRO in your Exchange wallet before you may stake.
- Sign in to the Crypto.com Exchange website.
- Go to your Profile (located in the top right-hand corner) and click on Settings.
- Select Stake & Earn from the drop-down menu.
- Select Stake CRO from the drop-down menu.