Crypto.com is a cryptocurrency exchange where you can buy, sell, and trade over 350 cryptocurrencies, including Bitcoin and Ethereum. It’s more than a trading platform: you can also stake your crypto, earn rewards, and make everyday purchases using the Crypto.com Visa Card.
The app is user-friendly and comes with powerful security features. The platform supports over 100 countries and has a range of tools, including the NFT marketplace and DeFi wallet, to enrich your crypto experience.
In this guide, we will explain what Crypto.com is, does Crypto.com charge fees, and how to use Crypto.com. We will also discuss “Is Crypto.com safe and legit?”
What is Crypto.com?
Crypto.com is a crypto exchange that allows you to buy, sell, and trade over 350 crypto assets, including the likes of Bitcoin and Ethereum. It serves over 100 million users worldwide. The platform also offers other services, including the mobile app, a desktop exchange that can be used for trading purposes, a DeFi wallet for storing cryptocurrencies, and also a marketplace for NFTs. The crypto exchange also allows you to make direct payments using cryptocurrencies.
In addition to this, crypto.com also enables staking and earning rewards of up to 16.64% annually. There’s also a prepaid Visa card to spend your crypto on everyday purchases, earning you cashback rewards of up to 8%.
Crypto.com has a Zero Trust – Defense in Depth security strategy across its systems and platforms. It also involves widely respected security consulting and auditing companies like Kudelski Security to stress test and audit its core blockchain systems. The cryptocurrency exchange maintains licenses and registrations in different jurisdictions to operate legally. In the United States, for example, fiat currencies held by users are placed in custodian bank accounts regulated by the FDIC through partner banks, meaning funds are responsibly backed and accessible to customers up to an insurance coverage of $250,000 in USD.
Crypto.com has made several partnerships in its efforts to expand its services. For instance, it teamed up with Shopify to accept cryptocurrencies as a means of payment. It also secured naming rights for the Crypto.com Arena in Los Angeles and partnered with sports teams and celebrities to brand itself.
Launched Date2016FoundersBobby Bao, Gary Or, Kris Marszalek, Rafael MeloHeadquartersSingaporeLegal EntityForis DAX Asia Pte. Ltd.Supported Cryptos350+ (Bitcoin, Ethereum, etc.)Supported Countries100+ (e.g., US, UK, Australia, Japan)U.S. AvailabilityYes (except New York)Trading FeesSpot: 0.25% Maker, 0.50% Taker; Reduced with CRO stakingKey FeaturesVisa Card, DeFi Wallet, NFT Marketplace, Trading BotsMobile AppYes (iOS and Android)Staking RewardsUp to 16.64% annuallySecurity Measures2FA, Cold Storage, FDIC Insurance (fiat), Bug Bounty ProgramFiat Deposit MethodsACH, SEPA, SWIFT, Apple Pay, Google Pay, and more
Are you a new user? Sign up for Crypto.com today and get a $50 welcome bonus, and enjoy reduced trading fees with CRO staking.
Who owns Crypto.com?
Crypto.com is a private company founded in 2016 by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. The company is located in Singapore and operates under the legal entity Foris DAX Asia Pte. Ltd. Since it is a private entity, information about ownership details and the number of shares allocated to the founders and other investors is not public.
What are the Pros and Cons of Crypto.com?
The pros of the Crypto.com exchange are listed below:
- Wide Variety of Cryptocurrencies: Crypto.com offers more than 350 cryptocurrencies, including Bitcoin, Ethereum, and new altcoins. This means it is an excellent option for diversifying your portfolio. Both major and minor coins are available.
- User-Friendly App: The mobile app is quite easy to use, making it perfect for a beginner. It has features like buying, selling, tracking portfolios, and setting price alerts. The layout is very simple, which makes it easy to navigate.
- Good Customer Support: Crypto.com offers support through live chat and email so that assistance is always there when needed. There is also a very comprehensive help center, answering most questions one may have. Support on this platform is more reliable compared to some competitors like Coinbase.
- Best Security Measures: There are strong security measures, including two-factor authentication, cold storage, and regular audits of funds. Also, insurance covers certain types of breaches.
- Additional Features: Crypto.com offers services like a crypto Visa card for daily spending and cashback rewards. It also offers the staking of cryptocurrencies for earning interest. Such features give more value added than only trading.
The Cons of the Crypto.com exchange are listed below:
- High Trading Fees: Crypto.com charges 0.25% maker and 0.50% taker fees, which are higher than other competitors like Binance and Bybit. Binance offers 0.1%,
