Crypto.com Review

crypto.com logo
4.0
4/5
Min Deposit: €5

Pros & Cons

Pros
Cons

Crypto.com In a Nutshell

Crypto.com is a popular cryptocurrency platform that provides a wide range of cryptocurrency-related goods and services. It enables you to send, save, and exchange more than 170+ cryptocurrencies, including Bitcoin, as well as your local fiat currency.

With the Crypto.com Visa Card, you can also spend your cryptocurrency assets held on Crypto.com in any location that accepts Visa cards (and get up to 8% cashback while doing so).

Read our full Crypto.com review to find out more.

Crypto.com Review: What is Crypto.com?

Crypto.com is a full-service cryptocurrency platform where users can securely store assets, buy or sell crypto, and make everyday purchases with their crypto assets using Crypto.com’s physical debit cards. The company is known for its high security, low fees, and tons of features that allow users to earn interest and rewards.

Founded in 2016 by Kris MarszalekGary OrRafael Melo, and Bobby Bao. They later raised over $26 million dollars from their ICO (Initial coin offering) in June 2017. The company used to be headquartered in Hong Kong but has since then relocated to Singapore, and currently boasts a team of over 1900 people worldwide.

Previously known as Monaco (MCO), but since rebranding in July 2018, the company has renamed itself Crypto.com after acquiring the Crypto.com domain.

Nowadays the company has more than 10 million members globally, delivers one of the most best bitcoin debit cards, and it is continuously growing its extensive offering.

crypto.com review

Fees on Crypto.com

Crypto.com offers some of the lowest cryptocurrency trading fees on the market. Although different products are priced separately, and low volume traders not using the native CRO currency might experience fees more on the higher end. All in all, the platform is currently on the best fiat-to-crypto trading platforms available.

Based on our experience, the crypto.com app is by far one of the easiest ways to buy, sell, and trade cryptocurrency, similar to the ease of use you might have experienced on Coinbase. With the app, users can also quickly deposit various cryptocurrencies free of charge, as well as free exchange and DeFi wallet transfers.

Still, the platform does charge a small fee on crypto withdrawals to external addresses, which will differ based on the type of cryptocurrency being withdrawn.

Exchange Fees

The Crypto.com platform charges trading and withdrawal fees based on your 30-day trading volume, where trading fees get lower as your trading volume increases. Users can also lower their trading fees by staking the platform native CRO token. The more CRO you stake, the bigger your trading discount. On top of this, you also get 10% p.a. earnings on the amount of CRO on stake.

To qualify for staking, you firstly need to pass the KYC verification, which generally only takes a couple of hours to a few business days at max to complete. Once your account is verified, the next step is to stake at least 5 000 CRO tokens to earn the trading fee rebates.

VOLUMEMAKER FEETAKER FEE
$0 – $250,0000.10%0.16%
$250,001 – $1,000,0000.09%0.15%
$1,000,001 – $20,000,0000.08%0.14%
$20,000,001 – $100,000,0000.07%0.13%
$100,000,001 – $200,000,0000.06%0.12%
$200,000,001 and above0.04%0.10%

Start trading on Crypto.com today!

Open an account with Crypto.com and use the referral code btcste4aa4 to get $25 for free. Get started now!

Min Deposit: €5

Crypto.com Security

The company is known for taking security seriously and even follows a “Defense in Depth” culture, which means that security processes play a part in all aspects of its business. On the asset side, 100% of its user cryptocurrency assets are stored in offline cold storage, and fiat currencies are kept in regulated banking institutions, where funds are insured and protected according to local government regulations.

On top of this, Crypto.com’s cryptocurrency cold storage has insurance coverage of $500 million, which includes direct and indirect coverage via custodians, physical damage, and third-party theft.

On the software side, Crypto.com offers two-factor authentication (2FA) to access any accounts on the platform, as well as a combination of a passphrase, password, biometric (fingerprint & face ID), email, and phone verification. The software is also regularly peer-reviewed and patched to include the latest security features available.

Overall, Crypto.com is a secure platform that uses industry-leading security measures to protect its user’s personal information and assets. As such, we would consider Crypto.com to be one of the safest cryptocurrency platforms on the market.

Crypto.com Services

If you ever heard of Crypto.com before, you are probably most familiar with their Visa Card, but they do also offer a range of other products. Some of these products include the app itself which allows users to buy, sell, store, and receive cryptocurrency with ease, as well as the “Crypto Earn” a way for users to earn up to 12.5% interest on cryptocurrency deposits. Let’s take a deeper look at the core product offering at Crypto.com:

Crypto Visa Card

The Crypto.com Visa Card allows users to easily spend cryptocurrency in physical stores and online. The card is accepted anywhere normal Visa cards are accepted, which is in more than 54 million outlets and ATMs worldwide.

Currently, there are 5 different cards to choose from, all with their unique perks and benefits. And to get a card, users are required to stake a certain amount of CRO tokens, allowing users to apply and receive the card with no extra cost. The more benefits and the more lucrative the card gets, the more CRO tokens are required to order the card.

Below are the current Visa cards available on Crypto.com:

crypto.com visa cards

As you probably noticed already, the Crypto.com Visa Card that offers the highest cashback might be unrealistic for most people as it requires you to lock up almost $400,000 worth of CRO tokens to apply for the Obsidian Black card.

Still, the lower-tier cards that require fewer CRO tokens to be staked, will provide you with enough competitive cashback on your everyday spending. If you are happy to stake $4000 – $400, you can apply for the Royal Indigo, Jade Green or the Ruby Steel card and enjoy the benefits of 3% – 2% cashback and 100% rebate from certain brands such as Spotify.

If you do not want to stake any CRO tokens, you also have the option to apply for the completely free Midnight Blue Version with 1% cashback on all your spending. A great deal all around, especially if you want to have a convenient way to spend your cryptocurrency.

If you do decide to stake CRO tokens to get one of the better cards, your tokens will be locked up for 6 months, and can then be withdrawn. However, if you stop staking the minimum required CRO tokens for the card you applied for, your cashback and benefits will be lowered.

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Exchange

Crypto.com allows users to trade in more than 170+ cryptocurrencies. Traders are also able to buy crypto using their debit or credit cards and more than 20 fiat currencies straight from the platform’s mobile app. On top of this, users can utilize leverage to lend money to increase the reward (and risk) of any trade or investment.

Users that meet the requirements can also apply for the VIP program to receive additional perks and benefits. There are currently 3 VIP tiers, based on monthly trading volume as a percentage of the exchange total trading volume. Some of the VIP perks include:

  • Reduced maker and taker fees
  • Early access to new products and features
  • Complimentary Crypto.com Visa Card
  • 50% commission on trading fees collected from your referrals
  • Exclusive research reports
  • Dedicated VIP account manager and API tech engineer
  • OTC Block Trades
 
In short, the Crypto.com exchange offers low and competitive trading fees of up to 0.16%. And you can manage all of these activities and transactions from the convenience of your computer or phone. 
crypto.com exchange

Earn & Staking

The earn feature on Crypto.com lets users earn up to 14.5% interest by staking various cryptocurrencies. The company currently offers a long list of supported currencies, and the calculator on the website can be used to estimate the potential earnings from staking.

In comparison to other platforms, the earn feature on Crypto.com is way easier to use, however, the interest offered is not better than just “alright”, and is not as competitive as platforms such as Binance. We still like the earn feature on the platform, but it should not be the sole reason for anyone to signup for Crypto.com as other platforms offer more competitive interest.

crypto.com earn

Crypto.com DeFi Swap

DeFi Swap is a somewhat new DeFi exchange that can be quickly connected to the Crypto.com DeFi Wallet. It lets you trade some of the hottest DeFi tokens such as Uniswap, Chainlink, and Dai in a non-custodial manner, meaning that you can exchange coins privately and without compromising your private keys.

What’s more, users can connect their wallet with “DeFi Swap.” and swap between tokens to earn interest on cryptocurrency assets.

Crypto.com DeFi Swap​

Crypto.com Cryptocurrencies

Crypto.com currently offers a list of around 170+ different cryptocurrencies on the platform and is gradually expanding its offering. Crypto.com also has a short onboarding process for new currencies which means you don’t have to miss out on the next big thing.

Here is a list of 15 cryptocurrencies currently on Crypto.com:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Litecoin (LTC)
  • Binance Coin (BNB)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Bitcoin Cash (BCH)
  • ChainLink (LINK)
  • Stellar Lumens (XLM)
  • Ethereum Classic (ETC)
  • VeChain (VET)
  • EOS (EOS)
  • TetherUS (USDT)
  • NEO (NEO)

Crypto.com Customer Service

Multiple options are available when you need to get in contact with the support team over at Crytpo.com. In our experience, more ways for users to get in touch with the support usually means that the company cares and tries to solve as many issues as possible.

Now, Crypto.com has a live chat support service available 24/7, allowing users to speak directly to the support team or with a helpful bot. In case there are no support members online, all messages are put on hold until someone is available.

Users can also contact the support via email or get quick answers to simple questions by using the FAQ/Help section on the website. This section contains plenty of information and in-depth guides about the Crypto.com platform, and it will most likely answer the majority of your questions.

Crypto.com Design

As we have mentioned before on KrispCrypto, It is nearly impossible for any cryptocurrency exchange to look uncluttered and minimal, as it is in their nature not to be. Any good trading platforms need to showcase and find a way to fit all the information and tools in one easy to use interface. Crypto.com has done a great job at this, and the overall esthetic feels clean, modern and easy to use.

crypto.com exchange design

However, because of the number of features that Crypto.com has to offer, it may be a little intimidating once you first signup and start using the platform. The exchange interface closely resembles the interfaces you would normally see professional traders use, providing a lot of detailed information that may be lost on newer investors.

Despite this, the team has utilised clear labelling and helpful guides in their processes, so new users should be able to get started without too much trouble on the platform.

crypto.com mobile app design

The modern aesthetics and ease of use on the desktop version has also been carried over to the Crypto.com mobile app, where you can just as easily trade cryptocurrencies, track performances, top-up your account, or manage your Crypto.com Visa card.

In conclusion, the overall design and user experience on Crypto.com is great, especially as it feels on-brand, convenient, and cohesive across platforms.

Crypto.com Review: Final thoughts

Crypto.com offers over 150+ cryptocurrencies to trade on its platform. Beyond the trading, you’ll get access to a large ecosystem with modern features and new opportunities to earn, save, and trade.

The platform’s costs and fees are still relatively low, and the trading interface is simple and easy to use. These traits are important for recruiting traders and promoting Crypto.com as a popular and convenient cryptocurrency trading platform.

For all of these reasons and more, Crypto.com continues to be a robust cryptocurrency exchange with plenty to offer different types of traders and investors in the sector.

How does Crypto.com compare to other platforms? Check out our comprehensive list of cryptocurrency platforms now.

Start trading on Crypto.com today!

Open an account with Crypto.com and use the referral code btcste4aa4 to get $25 for free. Get started now!

Min Deposit: €5

About the author

Gustav Eriksson

Gustav Eriksson

Gustav Eriksson is a cryptocurrency investor and founder of KrispCrypto. He has been a cryptocurrency investor for over ten years and loves personal finance.

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