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Crypto.com Exchange Review

Trade, Save, and Invest with This Powerful Crypto Exchange

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Overall Rating

4.4/5

FAST FACTS

Fees: 0.2% Maximum

Best For: Complete Crypto Ecosystem

Warning: Trading in cryptocurrency is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.

Founded in 2016, Crypto.com is one of the pioneering payments and cryptocurrency platforms with the mission to accelerate the world’s transition to cryptocurrency. With its well-developed ecosystem, there are now 3 million users using this platform worldwide. Crypto.com is constantly adding new features and offers to its products, including the Exchange, App, Wallet and MCO Visa Cards.

Crypto.com launched its exchange in 2019 and they are currently the first crypto platform having multiple industrial highest standards on security including ISO/IEC 27001:2013, ISO/IEC 27701:2019, PCI:DSS 3.2.1, Level 1 compliance and CCSS.

The Crypto.com exchange is powered by their native token Crypto.com Coin (CRO), it means CRO holders will enjoy privilege from Crypto.com. Users can trade 72 market pairs including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), XTZ, LINK, EOS, XLM, MCO, CRO, USDC, USDT and other popular tokens. The number of tokens listed on the Crypto.com exchange will continue to grow. The Crypto.com exchange platform can be accessed through desktop and mobile.

Pros

  • New user incentive eg: USD$50 sign up bonus
  • Many deposit and withdrawal methods available
  • Additional benefits when staking CRO
  • User intuitive mobile app, and trading platform

Cons

  • Not Available to USA Residents
  • Higher than average trading fees
  • Limited assets to trade

Trust

4.3/5

Safety and security are always a top priority to consider when dealing with any exchange or broker. As far as Crypto.com are concerned, they appear to have a number of excellent features in place to boost trust among traders.

These features include two-factor authentication, the existence of various cold storage mechanisms, and partnerships across the industry with the like of Ledger who are well-trusted on the crypto security side. The company also has a number of insurance policies in place which see funds covered up to and over $360 million in value. This serves as excellent financial protection which should give you peace of mind to trade.

Aside from that, Crypto.com makes great efforts to remain as transparent as possible. They have a stringent verification process in place, and although the company has only been around for a handful of years, they are backed by a fast-growing reputation within the sector, backed up not least by the large amount of money they were able to generate from their ICO in 2017.

Investment Products

4/5

As mentioned, Crypto.com encompasses several elements with their own wallet, Visa cards, and lending facilities. Focusing in on the latest addition to the company though, the Crypto.com exchange offers trading in a total of 72 cryptocurrencies pairs mostly against BTC, USDT, and the exchanges native CRO coin.

With Crypto.com there is also support in place for a total of 7 fiat currencies which you can deposit through a number of methods including bank transfers, credit or debit card, and even PayPal. You will also be able to earn up to 12% per year by staking CRO, or MCO coins depending on which part of the service you are using. Beyond the profits you can bank here, this staking can also help you to unlock higher card tiers if you are a Crypto.com Visa card holder with a total of 5 cards available at different levels.

Trading & Fees

4.1/5

As with the majority of major crypto trading exchanges, you can expect to find extremely competitive fees and commissions in place at Crypto.com. Focusing on the exchange, there are several tiers when it comes to maker and taker fees at Crypto.com. These start from 0.2% on both sides if your trading volume is anything up to $50,000 per month. The fees then drop incrementally to a low point of 0.04% / 0.1% if your monthly trading volume exceeds $10,000,000.

This is slightly higher than some other big name exchanges, though there is a lot of room to further reduce fees. This is particularly the case if you are interested in staking your CRO tokens. For this, you can receive fee discounts which range from 20% all the way up to 100%.

When it comes to making deposits, these can be free from the exchange side, though your bank may apply fees particularly if you are using a wire transfer. Standard PayPal fees also apply. If you are purchasing crypto with a debit or credit card then you will be subject to a 3.5% fee + $0.10.

Crypto.com is now doing an exciting promotion where retail traders who stake at least 5,000 CRO in the Crypto.com Exchange can now earn up to 0.10% on taker fees when they trade on the Exchange. Additional trading discounts in the form of rebates increase with CRO amount staked, and fees must be paid in CRO to be eligible. New exchange registers will now also enjoy these perks: (a) USD$50 sign up bonus via securities.io referral link, (b) 0% Trading Fees, (c) 20% annual interest paid on daily (d) participant in Crypto.com Syndicate and buy token with up to 50% OFF. All these benefits do come with conditions, we suggest you read thoughtfully on their website before making any decision.

Trading Platform

4.4/5

The Crypto.com exchange offers a web-based trading platform which is both appealing on the eye, and quite intuitive to use. The platform is available from your desktop, on mobile, or your smart device and provides for all of the charting tools and indicators that you would expect from a top of the line exchange.

The ordering process is smooth and although the exchange has just recently launched having been under a beta testing period, liquidity appears to be excellent, and orders execute very quickly with your choice of limit or market orders available and easily laid out.

Crypto.com also offers a number of trading contests for you to participate in with great prizes to be won. This, combined with the ease of navigation through the trading platform, make the exchange a top choice regardless of your experience level in the sector.

Beyond the exchange, you can access the Crypto.com ecosystem in its entirety by downloading the dedicated app which runs very smoothly, and upon which the majority of the company’s reputation has been built.

Customer Support

4.5/5

In order to help you feel supported in your trading experience at Crypto.com, a number of options are open to you when it comes to support and answering questions which you may have.

The first of these, which you will immediately note when you arrive at the Crypto.com homepage, is a dedicated instant chat service. This attended by a bot with which you can leave your message and further contact information for the support team to get back to you. This typically takes a couple of hours.

Another solution if you have some questions about the service will be to browse the FAQ section of the exchange which is very well-supported with detailed answers on many of the most important, or common questions.

Summary

4.4/5

Overall, though Crypto.com is a newly released exchange, the company itself have been in operation and innovating in the sector for several years. This brings a strong degree of trust to the table and enhances their reputation greatly.

While you will find a rather condensed selection of assets to trade here, beyond the exchange you will have access to a very broad ecosystem with a number of different ways to save, earn, and trade. The fees and commissions too remain very competitive, and the trading platform easy to use. Both of these are key positive components when it comes to attracting traders and advancing Crypto.com as a popular and accessible place to trade. The overriding conclusion would be that Crypto.com is a very strong all-rounder with a lot to offer many different types of trader in the sector.

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Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.

This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

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