The Exchange That Has Everything


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Crypto.com is without doubt one of the greatest names within the cryptocurrency house right this moment, with over 10 million customers throughout 90 totally different nations. You may acknowledge Crypto.com for its Tremendous Bowl advert starring Lebron James, or for the truth that it acquired the naming rights for the Los Angeles Lakers dwelling area that was beforehand generally known as the Staples Middle.

Based mostly in Singapore and based in 2016, Crypto.com affords a variety of crypto belongings to commerce and a loyalty system that revolves round its native Cronos (CRO) token. Appropriate for each new and skilled merchants, Crypto.com affords merchants the complete crypto expertise.


Fee & Charges – 8


Supported Currencies – 9


Ease of Use – 8


Buyer Service – 7


Security & Safety – 7

8

Crypto.com is a full-service crypto change that gives low charges, an in-house cryptocurrency with Visa debit card, and even an NFT market.

Go to Crypto.com

Professionals & Cons

execs

Over 250 totally different crypto belongings to purchase, promote, and maintain.
Full crypto ecosystem together with NFT market, crypto staking, and crypto Visa debit card.
Buying and selling charges can go decrease for those who stake Cronos on the positioning.

cons

No dwell buyer assist, which can end in a look ahead to time-sensitive points.
Takes vital capital to make the most of CRO staking.
No academic supplies to assist new merchants study concerning the crypto trade.

What Is Crypto.com?

Crypto.com is a number one cryptocurrency buying and selling change that operates in 90 markets around the globe. It is without doubt one of the largest exchanges by buying and selling quantity, and is well-liked for its Crypto.com Visa debit card. Chances are high, even for those who’re not energetic within the crypto house, you’ll acknowledge them by their star-studded endorsements from celebrities and enterprises like Lebron James, Matt Damon, Water.org, the UFC, and the Paris St. Germain soccer membership.

Who Is Crypto.com For?

Crypto.com has options for any kind of person. For newcomers to the crypto house, the app affords a straightforward technique to dip your toes into crypto buying and selling.

For skilled merchants, Crypto.com affords every little thing from DeFi staking to margin buying and selling. Crypto.com can also be a great crypto change for the dealer who desires every little thing inside one simply accessible app. Somewhat than transferring belongings forwards and backwards between DeFi exchanges or OpenSea for NFTs, Crypto.com combines all of it into one single platform.

What Does It Supply?

As talked about, Crypto.com is an extremely versatile change. It caters to newbie and skilled merchants and has a number of options that will help you earn rewards.

Superior Buying and selling Dashboard and Order Varieties

If you need a easy, straightforward technique to commerce crypto, the Crypto.com cell app has you coated. However extra superior merchants can make the most of this change’s web-based buying and selling dashboard.

This buying and selling view enables you to apply totally different technical indicators and look at dwell and historic order e book info for various buying and selling pairs. You may also place restrict, market, and stop-loss restrict orders, so you are not restricted to easy spot buying and selling. Plus you should utilize a spot buying and selling bot to routinely place orders based mostly on parameters you enter.

Crypto.com Trading Dashboard

Crypto.com additionally helps margin and derivatives buying and selling, which is not one thing you get with most exchanges. You may rise up to 10 occasions leverage with margin buying and selling, whereas rivals like Kraken solely present as much as 5 occasions leverage.

You may also commerce futures, and total, Crypto.com has among the finest assist for extra superior merchants on the market.

Crypto Earn

With Crypto.com’s Earn product, you’ll be able to earn as much as 14.5% APY on varied cryptocurrencies and as much as 10% on stablecoins.

The platform helps 40+ belongings that you would be able to deposit to earn curiosity on. How a lot curiosity you earn relies on the coin and the way lengthy you lock-in for. You additionally get larger charges for those who maintain and stake CRO tokens, the platform’s native token.

It is a bit complicated for learners, however basically, you get a sure rate of interest for having $400 or much less in CRO locked up or $4,000 or extra locked up. Listed here are some present earn charges for varied cash:

CRO Lock-Up AmountUSD $400 or lessUSD $400 or lessUSD $400 or lessUSD $4,000 or moreUSD $4,000 or moreUSD $4,000 or extra

TermFlexible1 Month3 MonthsFlexible1 Month3 Months

Stablecoins1.5percent3percent6percent2percent4percent8%

CRO2percent4percent6percent2percent4percent6%

Solana1percent2percent3percent1.5percent3percent4.5%

Bitcoin0.5percent1.5percent3percent1percent2percent4%

Ethereum0.5percent1.5percent3percent1percent2percent4%

Polygon5percent8percent11percent6percent10percent12.5%

ATOM1.5percent2.5percent4percent2percent3.5percent5%

Different Tokens0.5percent1percent2percent1percent2percent3%

Crypto lending corporations like Nexo or BlockFi have some larger charges, however Crypto.com is aggressive and allows you to put your crypto to work.

Versatile phrases are additionally a perk since this allows you to withdraw and commerce your crypto if you wish to. You continue to want to carry CRO tokens to get the very best charges, however it’s a complete incomes program that is a promoting level in order for you passive earnings.

Crypto.com Pockets

One other characteristic decentralized finance (DeFi) followers will get pleasure from is Crypto.com’s pockets. This crypto pockets is a non-custodial pockets, letting you have got full management over your personal keys. It helps over 100 well-liked cash and you’ll import present wallets like Ledger or MetaMask as nicely.

You may also use Crypto.com Earn out of your pockets and swap belongings. And for those who worth holding your personal personal keys, it is a wonderful crypto pockets and a perk of this change.

NFT Market

Like many different exchanges, Crypto.com is hopping on the NFT bandwagon and has its personal NFT market. This lets creators promote their NFTs whereas collectors can purchase and showcase their NFTs.

Crypto.com makes use of a drop-based system for releasing NFT collections much like different marketplaces. It isn’t as giant or complete as marketplaces like OpenSea, however it’s a nice-to-have characteristic for exchanges as of late.

Crypto Rewards Card

Today, extra crypto exchanges are rolling out rewards playing cards that allow you to earn crypto-back on on a regular basis spending.

Crypto.com has one of many higher playing cards on the market alongside rivals like BlockFi and Coinbase. This pay as you go debit card powered by Visa has no annual charge and lets cardholders earn CRO tokens again on spending.

Your reward charge relies on the worth of CRO tokens you are staking, very similar to the Earn program. There are 5 reward tiers in whole:

Crypto.com Rewards Card

The Ruby Metal card pays 2% again in CRO and solely requires staking $400 value of CRO tokens. And extra critical buyers can earn as much as 8% again in CRO tokens for holding $400,000 of the native token.

This card has different perks like some free ATM withdrawals and potential crypto-back rewards from corporations like Airbnb and Netflix. However most additional rewards require staking a minimum of $4,000 in CRO.

Compared, the BlockFi Rewards bank card pays a 3.5% crypto-back introductory charge and 1.5% regular charge, so Crypto.com’s card is sort of aggressive.

Crypto-Backed Loans

Crypto.com enables you to use your crypto as a credit score line to take out loans. You may borrow as much as 50% of the worth of your crypto, and belongings you’ll be able to borrow embody PAX, TUSD, USDC, and USDT.

Your APR relies on the loan-to-value (LTV) ratio. You additionally get borrowing reductions for those who stake a minimum of $40,000 of CRO tokens. There is not a cost deadline, and like different crypto-backed loans, you do not want a credit score verify and approvals are immediate.

APRs can vary from round 2% to 12%, however once more, it relies on your LTV ratio. You should use a easy borrowing calculator on its web site to calculate your whole curiosity monthly.

Simply observe that Nexo and Celsius have barely higher borrowing phrases and are value exploring as alternate options for those who’re fascinated with crypto-backed loans.

How Does It Work?

All of Crypto.com’s companies are accessible by downloading its app and creating an account. When you’re within the Crypto.com ecosystem, you’re free to discover every little thing the positioning has to supply. To get began, you will have to both fund your Crypto.com account with fiat foreign money or deposit cryptos from one other digital pockets. Upon getting crypto in your account you achieve entry to the varied companies Crypto.com affords.

Cryptos Supported

As one of many extra established exchanges in the marketplace, Crypto.com boasts one of many largest picks of crypto on the planet, with greater than 250 totally different cryptocurrencies on supply. Amongst its cash are all the main cryptocurrencies like Bitcoin, Ethereum, Solana, and Cardano, plus meme cash like Dogecoin or Shiba Inu Token. As talked about, Crypto.com’s native token is Cronos which might be staked to earn buying and selling reductions and permits customers to enroll in the Visa debit card.

How Do I Open a Crypto.com Account?

Crypto.com is an simply accessible cell app with a easy setup course of that may have you ever buying and selling comparatively shortly.

Head to Crypto.com or obtain the app from the Apple App Retailer or Google Play Retailer.
Click on the “Enroll” button (on the desktop, it will likely be on the Worth web page) and observe the onscreen directions.
As with most crypto exchanges, Crypto.com would require your e-mail tackle, nation of residence, and date of beginning to make sure you are eligible. (It’s value noting that some nations have banned crypto buying and selling altogether so that you must be positioned the place crypto buying and selling is authorized. You additionally have to be a minimum of 18 years of age to enroll in an account, no matter your location.)
You’ll be required to confirm your telephone quantity through an SMS entry code.
After making a password and 2-factor authentication, you must be capable of add funds to your account.

Crypto.com Charges & Limits

Certainly one of Crypto.com’s benefits is its low buying and selling charges, particularly for customers who’ve some CRO staked on the positioning. Its base spot buying and selling charge is 0.4% per commerce with none CRO staked. The upper the quantity of CRO staked the decrease the buying and selling charges get.

There is not any charge for depositing crypto right into a Crypto.com account, however further charges exist for extra complicated buying and selling methods corresponding to buying and selling on margin by means of the positioning. There are withdrawal charges for sending crypto out to a different pockets or platform, which range based mostly on the crypto you might be buying and selling.

How’s Crypto.com’s Buyer Service?

Customer support for Crypto.com is considered one of its weaker factors, as there isn’t any telephone assist. Customers should undergo the web site and both discover their solutions within the Assist part or contact assist through the dwell chat or e-mail. The dwell chat characteristic and e-mail assist can be found 24 hours per day, seven days per week, however there could also be a wait earlier than getting a response.

Is Crypto.com Secure?

Safety is a big concern within the crypto house. Being a comparatively new and rising know-how the crypto house has been typically susceptible to scams and hacks. Crypto.com is not any exception: In January 2022, Crypto.com was hacked with over $15 million in ETH and $19 million in BTC stolen from customers’ wallets.

In response, Crypto.com introduced plans to transition away from 2FA and to bolster safety. Crypto.com does have a strategic partnership with chilly storage maker, Ledger, the place all person cryptos are saved. The positioning additionally requires customers to whitelist new addresses through e-mail verification.

Learn extra>> Ledger vs. Trezor: How do They Examine?

Finest Crypto.com Alternate options

Unsure that Crypto.com is the suitable alternative for you? Here is the way it compares to a couple different prime crypto exchanges.

Coinbase

Coinbase is a US-based crypto buying and selling change that’s the second largest change on the planet. It is the most important in America by buying and selling quantity as of writing. The platform has greater than 89 million verified customers, with over 11 million of those being month-to-month energetic customers. Coinbase has a big number of cryptos to commerce with over 100 totally different belongings obtainable. Like Crypto.com, Coinbase can also be set to launch its personal NFT market later this 12 months. Coinbase is a publicly traded firm on the NASDAQ index, and is on the market to be used in over 100 totally different nations around the globe.

Binance

Binance is the most important crypto change on the planet by buying and selling quantity. Its common platform affords greater than 500 totally different crypto belongings. American customers ought to observe that the US model known as Binance US, which is extra restricted than the worldwide model. Binance is thought for a full suite of DeFi and crypto buying and selling options. As with each Coinbase and Crypto.com, Binance additionally has its personal NFT market the place customers can create and commerce NFTs.

FTX

FTX is one other US-based crypto buying and selling platform that was based in 2019. It affords over 100 totally different crypto belongings to commerce and maintain, and likewise consists of its personal full suite of crypto options like staking, margin buying and selling, and the ever well-liked NFT market. FTX affords its personal native token known as FTT which gives even cheaper charges and different advantages. Learn our FTX.US assessment >>>

Gemini

Gemini is one other crypto change based in 2015 by the Winklevoss twins, (it’s possible you’ll acknowledge their names from the film The Social Community). On Gemini, customers can commerce over 50 cryptocurrencies however does cost larger transaction charges than you may discover on different exchanges. It additionally affords its personal stablecoin known as the GUSD coin that’s accepted at varied DeFi protocols like AAVE, Uniswap, and Yearn Finance.

Backside Line

For individuals who want to take part in crypto buying and selling, Crypto.com is a superb place to start out. It has a easy and simple interface and affords superior crypto options for skilled customers. It’s free to enroll in an account and free to deposit cryptos from one other digital pockets. Crypto.com is a strong ecosystem for crypto house owners to make the most of no matter buying and selling expertise.

Additional studying:

Disclaimer: The content material introduced is for informational functions solely and doesn’t represent monetary, funding, tax, authorized, or skilled recommendation. If any securities have been talked about within the content material, the writer might maintain positions within the talked about securities. The content material is supplied ‘as is’ with none representations or warranties, specific or implied.



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