Last years, cryptocurrency has increased in popularity. Whether you are new to cryptocurrency or an established player, Crypto.com makes it easier to spend, save, trade and store cryptocurrencies.
With Crypto.com, you’ll enjoy a streamlined and affordable platform to manage your cryptocurrency needs.
Want to learn more about this well-known site for those interested in cryptocurrency? Let’s take a closer look at the details of the platform and who should use it.
Summary
Crypto.com offers a secure place for cryptocurrency users to trade, save, earn and spend. The platform’s emphasis on security will make you feel comfortable using it for your crypto needs.
Pros
- Affordable fees
- Metal Visa card options
- Top-notch security
- Ability to earn interest on crypto
Cons
- No educational resources
- Not available to everyone
- High staking required for best rates
What is Crypto.com?
Crypto.com was founded with the goal of creating a secure place for cryptocurrency users to buy, sell, save and spend currencies.
Since its launch, Crypto.com has grown to provide a safe platform for over 10 million users in over 90 supported countries.
Currently, Crypto.com is a well-respected hub for cryptocurrency traders and users. Through the platform, you can buy and sell cryptocurrency, spend cryptocurrency and earn cryptocurrency.
As a company, Crypto.com has a vision of creating cryptocurrency options for everyone. If you are interested in cryptocurrency, you can tap into this growing industry easily with the help of Crypto.com.
Who is Crypto.com For?
Crypto.com is a great place to get started if you are interested in cryptocurrency. You can buy, sell, store, spend and save cryptocurrencies using the platform.
Not only will you enjoy access to multiple ways to handle cryptocurrency, but you’ll also be able to buy bitcoin and 90 other coins as well as over 20 fiat currencies.
Although not all coins are available in the U.S., you will still have access to an impressive number of coins.
Additionally, the relatively low fee structure used by Crypto.com opens up the opportunity to maximize your investment options with cryptocurrency.
All these factors combined make Crypto.com a good fit for those looking to get into cryptocurrency. The robust features also make the platform worthwhile for experienced cryptocurrency users.
However, those who are not comfortable with cryptocurrency may struggle to use the platform. If you fall into this category, you may want to find an option with educational resources to help you succeed.
What Features Does Crypto.com Have?
Here’s a closer look at the features that set Crypto.com apart from the competition.
Mobile App
Available through Google Play and the Apple App Store, Crypto.com’s mobile app allows you to buy and sell cryptocurrencies at true cost. It also lets you manage most of the platform’s other features.
With the app, you can set up price alerts and price movement alerts for over 200 cryptocurrencies. This can help you decide when to buy or sell the coins you are interested in.
Crypto Earn
Crypto.com offers the option to put your cryptocurrency to work through Crypto Earn. Instead of allowing your coins to simply sit in your crypto wallet, you can tap into a high yield opportunity through Crypto.com.
As of July 2021, you can earn up to 8.5% APY on cryptocurrency held in your Crypto.com Earn account. Currently, you can choose this option for over 30 different kinds of coins.
Additionally, you can select term lengths of one to three months or flexible terms to keep your cryptocurrency accessible at all times.
With such a high interest rate, your earnings can add up quickly. Want to see just how much you can earn? Take advantage of the earning calculator available through Crypto.com.
Crypto.com Pay
Crypto.com offers rewards to users who choose to pay with cryptocurrency. You’ll have the opportunity to pay any merchant connected through Crypto.com’s Pay Checkout.
Currently, there are a handful of companies that will allow you to pay through Crypto.com Pay. A few include Time Magazine, Cointracking, Shopping.io, Unstoppable Domains and more.
Furthermore, you can buy gift cards from over 300 brands. When you shop at these merchants, Crypto.com will give you 10% cash back.
Metal Visa Cards
When you open a Crypto.com account, you’ll have the opportunity to access a metal Visa card that offers up to 8% cash back.
In order to use one of these prepaid cards, you’ll need to stake CRO tokens for at least 180 days. Once you meet this threshold, you can apply for a Crypto.com Visa card.
Through these prepaid cards, you can add funds via crypto or fiat currencies.
The rewards associated with these cards are determined by a tiered system. You will receive different rewards options based on the amount of cryptocurrency you have staked with Crypto.com.
When you choose to use Crypto.com’s Visa metal cards, you can manage all of the details through the mobile app.
Crypto.com NFT
Crypto.com recently added the ability to access NTFs, also known as non-fungible tokens, through their platform. Essentially, NTFs are unique digital files that can represent any number of things.
With Crypto.com, you can buy NTFs that matter to you. Categories include art, gaming, sport, music and more.
Swap
Crypto.com’s Swap feature allows you to swap cryptocurrencies with other users. With this feature, you will have access to a non-custodial DeFi wallet.
Using this feature, you will be able to trade popular cryptocurrencies with other users privately.
In the Swap environment, you will stay in full control of your private keys throughout the process. Plus, you’ll have the option to pay for the acceleration of your swap.
Wallet
When you work with Crypto.com, you can access a non-custodial De-Fi wallet. This helps you maintain full control of your cryptocurrencies and private keys.
To make things simple, the wallet is able to handle 100+ cryptocurrencies. That means that you can keep track of all your crypto in a single place.
If you already have an existing crypto wallet, you can choose to import your wallet through a recovery phase.
Once you’ve set up your wallet, you will be able to send crypto based on your preferred speed and price. Additionally, you’ll earn interest on your crypto and have access to swap options.
As with all cryptocurrency wallets, security is a key feature. Luckily, Crypto.com offers an extremely secure wallet setup.
Importantly, 100% of the cryptocurrencies held by users are stored offline in cold storage. All of the funds held in hot wallets are corporate funds. With that, your coins are always safe.
Finally, Crypto.com has implemented multi-factor authentication. This includes passwords, emails, phones and biometric authenticators. Consequently, you can feel confident in your wallet’s security.
How Much Does Crypto.com Cost?
Crypto.com offers an affordable opportunity to access cryptocurrencies. There are even a few things you can do for free on the platform.
Free features include:
- Initiating an ACH transfer with a minimum of $20
- Sending crypto to other Crypto.com App users
- Initiating a wire transfer with a minimum of $5,000
- Exchanging crypto for another crypto
- Making deposits
However, there are aspects of the site that cost money to use.
Similar to other platforms, Crypto.com has maker and taker fees when you use their exchange. These fees are based on the volume you trade.
| 30-Day Volume (USD) | Taker Fee | Maker Fee |
| $0 – $25,000 | .4% | .4% |
| $25,001 – $50,000 | .35% | .35% |
| $50,001 – $100,000 | .15% | .25% |
| $100,001 – $250,000 | .1% | .16% |
| $250,001 – $1,000,000 | .09% | .15% |
| $1,000,001 – $20,000,000 | .08% | .14% |
| $20,000,001 – $100,000,000 | .07% | .13% |
| $100,000,001 – $200,000,000 | .06% | .12% |
| $200,000,001 and above | .04% | .1% |
Keep in mind that these trading fees are charged on every transaction until your order is fully filled.
It is possible to get trading discounts depending on how much you stake. You can get 10% off your fees if you stake more than 5,000 Crypto.com Coin (CRO) all the way up to 100% off for staking more than 5,000,000 CRO.
Discounts are provided in the form of CRO rebates. In order to get discounts, you must stake CRO.
Beyond trading fees, you will pay a 2.99% fee when you make purchases with your metal card using crypto. Additionally, you will have to pay a variable withdrawal fee on your cryptocurrency.
FAQs
Before getting started with any financial platform, it’s important to do your research. Here are some frequently asked questions to help you determine if Crypto.com is right for you.Is it safe to use Crypto.com?
Crypto.com is one of the most well-respected cryptocurrency platforms available. Its high-security measures create a safe space for cryptocurrency users.
Of course, no platform is immune to threats. Fortunately, Crypto.com offers a high level of security to its users.
Plus, U.S. residents can enjoy FDIC insurance of up to $250,000 on USD balances held through Crypto.com. What customer support options does Crypto.com offer?
Crypto.com offers 24/7 customer support through a live chat on its website.
If you have other questions, you can contact Crypto.com for various concerns using specialized email addresses for general, regulatory and law enforcement inquiriesHow can I open an account with Crypto.com?
You can start working with Crypto.com by opening an account on their iOS or Android app. Once you’ve downloaded the app, you fill out a short form with your personal information.
Additionally, you will need to provide a government-issued ID and snap a selfie to prove your identity. Typically, it will take a day or two for your submitted application to be approved.
Once Crypto.com has verified your identity, you can move forward to enjoy the available features. Is Crypto.com worth it?
If you are interested in using cryptocurrency in any way, Crypto.com offers a useful platform. You can buy, sell, save and earn cryptocurrency through the app.
Additionally, the reasonable fee structure will ensure that you continue to build your cryptocurrency reserves.
However, Crypto.com may not be worth it if you are looking for a platform with extensive educational resources.
Keep in mind that crypto can be volatile and lose its value, so be careful as you use the platform or any other site like it.
Summary
Crypto.com provides users around the globe with the cryptocurrency platform they’ve been looking for. As the platform has evolved, it has continued to offer more relevant perks to elevate its functionality.
You can dive into cryptocurrency safely with this platform and enjoy the many benefits it has to offer.
