Summary: Crypto.com is a global cryptocurrency investing platform providing various digital asset services, including buying, selling, and earning cryptocurrencies. It offers a unique blend of blockchain-based financial services such as Crypto.com Pay, a mobile wallet, and the Crypto.com Visa Card, a metal card with no annual fees, offering many benefits to its users. Its native cryptocurrency, CRO, is utilized for transactional purposes within the ecosystem and offers additional rewards like discounts on trading fees and better staking rewards.
What is Crypto.com?
Crypto.com is a comprehensive digital asset platform offering many services and products. At its core, Crypto.com is a cryptocurrency exchange that allows users to buy, sell, and trade a wide range of cryptocurrencies like Bitcoin, Ethereum, and many more. It offers a user-friendly interface and provides options for spot trading, margin trading, and derivatives trading, catering to beginners and advanced traders. In terms of partnerships, the exchange has a track record of engaging with various sports and entertainment industries. The company has sponsored major sports events and teams, including the UFC and the FIFA World Cup.
Crypto.com offers a variety of services, including a mobile app for trading and managing crypto assets, a Visa payment card that allows users to spend their cryptocurrencies in real life, an earning program where users can gain interest on their crypto holdings, and a lending program where users can secure loans using their cryptocurrencies as collateral. Refer to the below list for a high-level overview of the key features available on Crypto.com:
- Buy and Sell Crypto: Trade 250+ cryptocurrencies with 20+ fiat currencies like USD, EUR, AUD, NZD and GBP.
- Crypto.com Visa Card: This metal card allows users to spend their cryptocurrency at over 60 million merchants worldwide, just like a regular debit or credit card. Users can also benefit from cashback rewards, airport lounge access, and other premium benefits depending on the card tier.
- Staking Services: Ean yields on 21 cryptocurrencies with up to 12% APY. Private members can enjoy an extra 2% p.a. rewards distributed in the exchanges native token, CRO.
- NFT Marketplace: Invest in the most popular NFT projects directly through the Crypto.com interface. Start trading popular projects like Bored Apes, Pudgy Penguins and World of Women.
- Crypto.com DeFi Wallet: A decentralized wallet where users can store, exchange, and earn interest on their crypto assets in a non-custodial manner. It supports over 100 cryptocurrencies and allows users to directly explore DeFi (Decentralized Finance) applications in the wallet interface.
- Mobile & Desktop Compatibility: Crypto.com can be used on both mobile and desktop devices and is compatible with Apple and Android products.
- Crypto.com Pay: This feature enables users and businesses to pay and get paid in cryptocurrency, fostering a wider adoption of digital currencies. It provides a secure, seamless, and cost-effective way to make and accept payments in crypto.
- 24/7 Multilingual Customer Support: Speak to 24/7 customer support in several languages, including English, French, German, Spanish and Mandarin.
- CRO Token: CRO is the native token for the Crypto.com exchange, and it can be staked to earn rewards, spent for transactions, or used for participation in the network's governance.
Can Crypto.com be Trusted?
Yes, Crypto.com prioritizes the security of its users and has implemented cold storage wallets, two-factor authentication (2FA), and data encryption on its platform. It is one of the first cryptocurrency exchanges to achieve ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013, and PCI:DSS 3.2.1 (Level 1) certifications. It adopts a comprehensive security model, including robust internal controls, routine audits, and compliance with global regulatory standards. Crypto.com also carries a $360 million direct insurance policy to provide an extra layer of assurance.
The exchange does not impose any withdrawal or deposit fees on its platform but there is a $100 minimum deposit. Trading fees are the costs of trading one form of fiat currency or cryptocurrency for another token. On Crypto.com the fee to buy or sell a cryptocurrency starts at 0.075% but gets as low as 0.05% for Level 5 members. The Maker/Taker rebate to trade futures is 0.017%/0.034%.
Crypto.com Mobile App
In addition to its desktop version, the exchange also offers a mobile app, which is known for its ease of use, making crypto trading more accessible. It simplifies buying and selling cryptocurrencies, tracking market trends, and managing digital assets. The mobile app also features Crypto Earn, where users can earn interest by depositing their cryptocurrency into term deposits. The Crypto.com app is rated 4.5 stars from 140K reviews on the Apple App Store and is rated #44 overall in the finance category. On the Google Play Store, it is rated 4.6 stars from 240K reviews.
The Crypto.com Card allows users to convert their cryptocurrency holdings into local currency, which can be spent at any location worldwide that accepts Visa. This seamless integration of cryptocurrency into daily transactions is a significant advancement in the adoption of digital currencies. What sets the Crypto.com Card apart is its reward system. Users can earn up to 8% back in Crypto.com Coin (CRO) on their spending, depending on their card tier. This innovative rewards program encourages the usage of cryptocurrencies in everyday transactions.
The card tiers offer varying degrees of benefits. The Midnight Blue card is the entry-level card with no staking requirements, offering 1% back in CRO rewards. On the higher end, the Obsidian card, which requires a substantial amount of CRO staking, offers up to 8% back in rewards, along with benefits like airport lounge access, Netflix, Spotify, Amazon Prime reimbursements, and more.
What staking options are available on Crypto.com?
Crypto.com offers numerous staking options that allow users to earn rewards for participating in the network security of certain cryptocurrencies. Crypto.com's Earn program allows users to earn competitive interest rates on various cryptocurrencies by staking them in the platform. The interest rates depend on the type of cryptocurrency and the length of the staking period. Longer staking periods typically offer higher interest rates. The staked cryptocurrencies are locked for the chosen term, and interest is paid out weekly. Below is a detailed list of the supported staking options on the Crypto.com exchange and the minimum payout amount:
- Cronos (CRO) - 0.5%
- Bitcoin (BTC) - 0.15%
- Ethereum (ETH) - 0.15%
- Tether (USDT) - 0.55%
- USD Coin (USDC) - 0.55%
- Dai (DAI) - 0.55%
- Pax Dollar (USDP) - 0.25%
- Algorand (ALGO) - 0.25%
- Avalanche (AVAX) - 0.55%
- Binance Coin (BNB) - 0.25%
- Cardano (ADA) - 0.25%
- Celer Network (CELR) - 0.25%
- COSMOS (ATOM) - 0.65%
- Elrond (EGLD) - 0.5%
- Fantom (FTM) - 0.25%
- Harmony (ONE) - 0.55%
- NEAR Protocol (NEAR) - 0.55%
- Polkadot (DOT) - 1.45%
- Polygon (MATIC) - 0.65%
- Solana (SOL) - 0.4%
- VeChain (VET) - 0.25%
- Zilliqa (ZIL) - 0.55%
Does Crypto.com offer 24/7 customer support?
Crypto.com is widely recognized for providing comprehensive and responsive customer support, assisting users in navigating their dynamic crypto finance platform. Offering 24/7 support through multiple channels, including live chat, email, and social media, they ensure quick and personalized responses to all queries. Crypto.com's customer support representatives can also be reached through the various social media channels supported, including Twitter, Facebook, Instagram, LinkedIn, YouTube, Reddit, Discord, Telegram and Kakao Talk.
Crypto.com Available Countries
Crypto.com provides services to a vast number of countries worldwide, including regions across North America, Europe, Asia, Africa, Oceania, and South America. The platform's broad reach signifies its commitment to making cryptocurrency accessible globally. However, due to potential regulatory restrictions, availability may vary, and users are encouraged to visit the official Crypto.com website for the most current list of restricted countries.
To sum up, Crypto.com is as a significant player in the global cryptocurrency market, offering a comprehensive suite of crypto-related products and services. This platform is built around a robust ecosystem that enables buying, selling, and trading of over 250 cryptocurrencies and thousands of NFTs. Its user-friendly interface, compatibility with mobile and desktop devices, and 24/7 multilingual customer support make it an ideal trading platform for investors in any country.