Crypto.com Exchange Review: Features Security Fees & Account Options
Reviewer Verdict
Crypto.com is a well-known crypto exchange that started in 2016. It lets users trade a lot of coins plus it offers a debit card and some extra features like staking and rewards. The platform’s security is good and there’s a range of options for beginners and more experienced users. Some people say fees can be high especially on the main platform.
Pros and Cons
Pros:
- Over 250 cryptocurrencies to trade
- Has a debit card that works with crypto
- Offers staking and rewards for certain coins
- User-friendly app for quick trading
Cons:
- Higher fees for trades without the CRO token
- Not all features available in every country
- Customer support can be slow at times
Trust and Safety
Crypto.com is known for strong security. It uses things like two-factor authentication and cold storage for most funds. It hasn’t had any major hacks which builds user trust.
Tradable Instruments
Crypto.com supports a lot of different coins including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Cardano (ADA)
- Many others
You can also trade in fiat currencies like USD EUR and GBP.
Account Types
Crypto.com has a basic account setup with extra benefits if you hold their CRO token. There’s no tiered account system but certain perks come with staking CRO.
Commission and Fees
Fees depend on how you pay and trade:
- Standard Fees: Higher fees if you don’t use CRO token
- Discounted Fees: Reduced fees if you pay with CRO token or stake it
Using CRO for fees can help save money on trading costs.
Trading Platforms
Crypto.com offers several options for trading:
- App: Main platform for quick and easy trading
- Crypto.com Exchange: More tools for experienced traders
- DeFi Wallet: Extra security and control for crypto holdings
Unique Features
- Crypto.com Visa Card: Spend crypto directly with a debit card
- Staking: Earn rewards by staking supported coins
- Crypto Earn: Earn interest on crypto deposits
Research and Education
Crypto.com has a few resources to help users learn about crypto:
- Blog and News: Articles on crypto trends and updates
- University Section: Guides and basic info on how crypto works
Customer Support
Support on Crypto.com is available through:
- Live Chat: In-app support for quick questions
- Email Support: For detailed questions or issues
Some users report delays during busy times or peak trading.
Account Opening
To open an account on Crypto.com you:
- Download the app or go to the website
- Sign up with an email and password
- Verify identity with documents if required
Deposit and Withdrawals
You can add and take out funds through:
- Bank Transfers: Supports deposits in major fiat currencies
- Credit/Debit Card: Instant buys with certain fees
- Crypto Deposits: Transfer coins from other wallets
The fees and times depend on the method and currency you pick.
Final Thoughts
Crypto.com is a strong choice for trading and has a range of features that appeal to different users. It’s user-friendly and has security but the fees can add up if you’re not using their CRO token. It’s worth looking at if you want extra perks like a crypto debit card or rewards.
Contact Info
- Website: https://www.crypto.com/
- Support Center: Available through the app or online help section
FAQs
Is Crypto.com safe?
Yes, Crypto.com has a strong reputation for security and uses offline storage for most funds.
What coins can I trade on Crypto.com?
Crypto.com supports over 250 coins including popular ones like Bitcoin and Ethereum.
Are there fees for deposits and withdrawals?
Yes, fees depend on the method and currency. You can find fee details on the Crypto.com website.
Can I use Crypto.com in my country?
Crypto.com operates in many countries but some features are limited in certain areas.
Does Crypto.com offer customer support?
Yes, support is available through live chat and email.