Crypto.com Review

Learn How to Use Crypto.com, What Crypto.com Fees are, How to Trade on Crypto.com, and much more in this comprehensive Crypto.com Review. Review

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Last Updated: September 5, 2022

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Our Score
3.65/5
A cryptocurrency exchange called Crypto.com offers services like trading, trading, staking, wallets, NFTs, and more. For individuals who have a sizeable investment in Crypto.com Coin, this exchange provides discounts, more than 250 different currencies, and affordable costs (CRO). For individuals wishing to accomplish a lot with their bitcoin, it might be a suitable option due to its ecosystem of cryptocurrency-related items. Crypto.com can be the best option for you if you’re seeking an economical, all-in-one cryptocurrency platform. You will benefit more from this exchange the more Cronos (CRO) you can stake. It’s a reliable low-fee cryptocurrency exchange with over 250 coins available even without the CRO bonuses, especially if you desire a crypto debit card. To determine if Crypto.com is appropriate for you, read our comprehensive evaluation.

Pros:

✅ Has more than 250 coins available
✅ Earn up to 14.5% when you stake crypto.
✅ Spending with a Visa debit card might earn you up to 8% back.
✅ Competitive rates and special offers
✅ A wide range of cryptocurrency assets.
✅ Transparent, aggressive rates with discounts

Cons:

❌ Getting access to trading fee savings can be difficult.
❌ To receive discounts and maximize earnings and stakes, CRO must be used.
❌ The minimum deposit or withdrawal via bank transfer is 500 USDC.
❌ Elusive educational materials
❌ No crypto-to-crypto trading.
❌ Bad customer service

Table of Contents

Crypto.com Quick Look

There are more than 250 different currencies: Access to more than 250 cryptocurrency tokens are available on Crypto.com. You may access some of the most popular coins by using Crypto.com, including:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Tether (USDT)
  • Binance coin (BNB)
  • Solana (SOL)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Cardano (ADA)

Fees up to 0.40% depending on a maker-taker business with tiers:  Without any CRO staking, new users of Crypto.com will pay 0.4% on trades with a monthly trading volume of less than $25,000. The trading costs are not the lowest in the market, but they are a little lower than those of several major competitors. Higher volume traders may be eligible for maker or taker fees as low as 0.04% or 0.1%, respectively, without CRO staking. If you have at least 5,000 CRO in your wallet, you can get lower trading costs. Traders that have up to $25,000 in monthly volume pay 0.36% at that time. Rates drop as stake size increases.

Earn up to 14.5% by staking cryptocurrency: If you stake 40,000 CRO, you can obtain even better returns, but many investors might not be able to afford it.

Prepaid Visa debit card that lets you fund with cash or cryptocurrency You can more easily spend your cryptocurrency holdings with the help of the prepaid Visa card that Crypto.com offers. This card works similarly to a rewards debit card. Everyone can use it, but those who buy and hold CRO, the platform’s own cryptocurrency, stand to profit the most.

Depending on how much CRO you hold, there are five reward tiers for the Crypto.com Visa Card. Each typically offers discounts for specific services, such as Spotify, Netflix, or even Airbnb, a limited number of free ATM withdrawals, and anywhere between 1% and 8% “cash back.”

Although that last percentage is undoubtedly alluring, it is really only possible for the most ardent cryptocurrency fan because you need to invest £300,000 in the CRO token.

The term “cash back” in this context refers to CRO, which could be problematic if you just use the card to earn rewards. To get your cash back, you’ll probably have to exchange your CRO for fiat money. It also implies that because CRO’s price can fluctuate slightly, the value of your incentives could vary abruptly.

Best crypto referrals -

REFERRAL CODE

How to claim exclusive sign up bonus from our referral code

It has previously been mentioned in this article that one of the major factors affecting the platform’s present degree of popularity is its well-known affiliate programs and referral codes.
You receive a unique affiliate referral number when you open an account. You can get a 25$ welcome bonus using this code, which is available at crypto.com/exch/46cw82b7yy. Once you have this code, you can make a referral link and distribute it to your contacts. Additionally, they will receive a bonus on all expenses.
You receive rewards for referring friends who create accounts on Crypto.com using this our code. They will also be eligible for a referral bonus if they use your Crypto.com suggestion code or link for crypto coupons. There is nothing else you need to do after clicking on our link, as the ‘Referral Code’ field in your browser will be filled out automatically. Fill out the last of the registration criteria.
Make sure you have read and understand all T&Cs before continuing. Before engaging in any trading with them, it is advisable to begin investing.

Farming & NFTs

Yield farming:  Yield farming offers incentives if you’re willing to lock up your tokens for a longer period of time. By adding to the liquidity pools that other people utilize to finance transactions, this is accomplished. When you’re prepared to provide the liquidity that these projects need, you can be rewarded with a share of the fees or with tokens on Crypto.com.

Investing in NFT: A marketplace for NFTs, or nonfungible tokens, is also available on Crypto.com. As NFTs have gained in popularity over the past year, they now allow for the ownership of digital items including music, films, and visual art, some of which have sold for high sums.

Snoop Dogg and the Aston Martin Cognizant F1 Team, which has sold NFTs of several of its racing highlight videos, are notable creators on the platform.

Provides a blockchain-based crypto ecosystem: It is a blockchain-based crypto ecosystem.

Educational resources: The website Crypto.com is not recommended for novice investors. It does offer some basic data on various currencies, but that is about it. There isn’t a cryptocurrency information center, and research is scarce. Investors in Crypto.com will need to learn elsewhere.

Create a wallet where your private keys are under your control: There are two types of wallets available: centralized and decentralized. While the Crypto.com wallet is decentralized, the Crypto.com app offers a centralized custodial wallet for your currencies.

You may select your network, select a transaction speed, and view your fees with Crypto.com’s noncustodial DeFi wallet. You won’t incur transaction fees when using the custodial wallet, and you won’t have to worry about losing your private keys.

Customer service:

Despite providing 24/7 service via email, in-app chat, or both, Crypto.com only has a 2.1 out of 5-star rating on Trustpilot. A lot of the complaints center on the slow response time from customer service. If you’re attempting to open an account or access your money, this could be frustrating.

Fees:
Trading VolumeTaker FeeMaker Fee
£0 – £19,1420.4%0.4%
£19,143 – £38,2870.35%0.35%
£38,288 – £76,5740.25%0.15%
£76,575 – £191,4340.16%0.10%
Staking Rewards:
StakingDiscount
Staking ≥ 5,000 CRO10%
Staking ≥ 10,000 CRO20%
Staking ≥ 50,000 CRO40%
Staking ≥ 100,000 CRO60%
Staking ≥ 500,000 CRO70%
Staking ≥ 1,000,000 CRO80%
Staking ≥ 5,000,000 CRO90%
Staking ≥ 50,000,000 CRO100%
Verdict: Should you use Crypto.com?
If you’re a beginner to an experienced investor looking to buy, sell, and trade cryptocurrencies, Crypto.com is a good option. Additionally, you can use Crypto.com to invest in NFTs and take part in yield farming and staking. Both the costs and the yields are reasonable. No matter which exchanges you use, keep in mind that cryptocurrencies are a very volatile asset and that you could lose a sizable portion of your investment, especially in the near term. Don’t invest more money in Crypto.com (or any other cryptocurrency exchange) than you can afford to lose.

Why we Recommend:

✅ Has more than 250 coins available
✅ Earn up to 14.5% when you stake crypto.
✅ Spending with a Visa debit card might earn you up to 8% back.
✅ Competitive rates and special offers
✅ A wide range of cryptocurrency assets.
✅ Transparent, aggressive rates with discounts

Drawbacks:

❌ Getting access to trading fee savings can be difficult.
❌ To receive discounts and maximize earnings and stakes, CRO must be used.
❌ The minimum deposit or withdrawal via bank transfer is 500 USDC.
❌ Elusive educational materials
❌ No crypto-to-crypto trading.
❌ Bad customer service

0
Our Score
3.65/5

(234 User Reviews)

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