Crypto.com Review 2022

Crypto.com Review Summary

Crypto.com products include digital wallets and crypto-backed debit cards. Crypto.com has many features to encourage high-frequency trading. These are especially attractive to high-frequency traders. Furthermore, Cryptocom competes with other exchanges in terms of promotions, rewards, and interest. Additionally, it offers users a wide range of deposit options, including fiat currencies.The security of Crypto.com is one of the company's strongest points. The platform supports large-scale cryptocurrency trading. It also provides many attractive incentives, including a 0% trading fee for new users. This is especially helpful for high-frequency traders, who are more likely to lose their investment if it's stolen. As a result, Cryptocom competes well in terms of rewards, promotions, and interest. Moreover, the company offers the ability to deposit significant amounts of fiat currency.

Crypto.com review
What Do Crypto.com Offer?

πŸ‘‘ Cryptocurrencies BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH
πŸ“ˆ Securities tradable 153 cryptocurrencies
πŸ’΅ Cost per trade Maker: 0.04-0.20%
💬 Customer service Email : Yes, Phone support : Yes, live chat : Yes.
πŸ’° Desposit Fees None
πŸ’° Withdrawal Fees Cryptocurrency: Fees vary
πŸ’° Payment Methods Credit card
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, Crypto.com only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

Crypto.com is a cryptocurrency platform that was founded in 2016 the current Co-founder is Antoine Blondeau. Crypto.com has headquarters in Singapore and offers the buying and selling of over 153 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, Crypto.com offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With Crypto.com you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

Crypto.com Review

Crypto.com Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

Crypto.com review
Crypto.com Best For

Crypto.com works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

Crypto.com review
Crypto.com Advantages

Following are the advantages of using Crypto.com:

  • Crypto.com has been in business longer than 2 years
  • Crypto.com offers over 20 cryptocurrencies.
  • Crypto.com offers a wide range of fiat currencies.
  • Crypto.com offers Livechat support.
  • Crypto.com offers phone support.
  • Crypto.com offers email support.
  • Crypto.com offers an Android Google Play Store mobile app.

Easy UI

Crypto.com is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. Crypto.com also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

Crypto.com has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. Crypto.com currently ranks among the highly liquid exchanges.

Opportunities For Earning

Crypto.com offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, Crypto.com enables traders to take custody of their cryptocurrency assets for themselves. Crypto.com provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

Crypto.com also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. Crypto.com shares that type of reward with its traders. Crypto.com takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

Crypto.com review
Crypto.com Disadvantages

Following are the disadvantages of Crypto.com:

  • Crypto.com does not offer PayPal as a payment method
  • Crypto.com does not offer Neteller as a payment method
  • Crypto.com does not offer Skrill as a payment method
  • Crypto.com charges withdrawal fees

Insufficient Variety Of Altcoins

Although Crypto.com has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

Crypto.com has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using Crypto.com β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

Crypto.com review
Crypto.com Cryptocurrency Choice

Crypto.com allows you to trade around 153 digital currencies including BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and many more.

Crypto.com review
What Cryptocurrencies Are On Crypto.com

Crypto.com has 153 cryptocurrencies available to registered users. These cryptocurrencies include BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH.

Crypto.com review
Crypto.com Stablecoins

Crypto.com offers its own stablecoin called Crypto.com. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on Crypto.com.

Crypto.com review
Crypto.com Altcoins

Crypto.com has a decent variety of altcoins for traders to choose from with over 153crypto assets including alt coins listed on Crypto.com.Crypto.com has a decent variety of altcoins for traders to choose from with over .

Crypto.com review
Trading Cryptocurrency With Crypto.com

Different cryptocurrencies at Crypto.com come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their Crypto.com wallet.

Crypto.com Crytocurrency To Crytocurrency Trading

Crypto.com has upwards of 153 cryptos available in multiple regions of the world.

Crypto.com Crytocurrency To Fiat Currency Trading

Crypto.com review
Crypto.com Cryptocurrency Custody And Ownership

Crypto.com allows users to take custody of their cryptocurrency assets themselves. Users can either use Crypto.com’s crypto wallet, or their own. Crypto.com also has over 21 fiat currencies available including USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR all accessible to registered users.

Crypto.com review
Crypto.com Staking Rewards

Crypto.com enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

Crypto.com review
Crypto.com Fees

Crypto.com Users will have to pay a Maker: 0.04-0.20% trading fee as well as deposit fees of None when buying and selling cryptocurrency with Crypto.com.

Crypto.com review
Crypto.com Network Fee

Outgoing Crypto.com transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

Crypto.com review
Crypto.com Trading Commissions

Trading commissions at Crypto.com work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at Crypto.com is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

Crypto.com review
Withdrawal Fees

With Crypto.com standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your Crypto.com account. A withdrawal fee of (Cryptocurrency: Fees vary) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

Crypto.com Currency Conversion Fees

Crypto.com charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

Crypto.com Payment Methods

The payment methods offered at Crypto.com are Credit card. Crypto.com also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

Crypto.com review
Crypto.com Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your Crypto.com account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

Crypto.com review
Withdraw Fiat Currency From Crypto.com

Users can withdraw their digital currency from Crypto.com to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. Crypto.com also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

Crypto.com review
Crypto.com Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. Crypto.com stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

Crypto.com holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. Crypto.com requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, Crypto.com also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

Crypto.com holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European Crypto.com clients FCA regulated European banks may be used.

Crypto.com review
Crypto.com Two Factor Authentication - 2FA

Crypto.com does offer two-factor authentication for added security.

Crypto.com Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows Crypto.com customers to withdraw to authorized devices.

Crypto.com review
Crypto.com Wallet

Crypto.com review
Crypto.com Online Cryptocurrency Wallets

Crypto.com review
Crypto.com Hardware Cryptocurrency Wallets

Crypto.com review
Crypto.com Liquidity

Crypto.com has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

Crypto.com review
How To Open A Crypto.com Account

To open an account at Crypto.com, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

Crypto.com review
Crypto.com User Interface

Crypto.com has a simple, user-friendly interface.

Crypto.com review
Crypto.com Features And Cryptocurrency Trading Tools

Crypto.com offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

Crypto.com review
Crypto.com Ease Of Use

Crypto.com is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Crypto.com.

Crypto.com review
Crypto.com Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. Crypto.com has highly rated applications for both iOS and Android.

Crypto.com review
Crypto.com Apple App

The Crypto.com app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

Crypto.com review
Crypto.com Android App

The Crypto.com app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

Crypto.com review
Crypto.com Education Resources

Crypto.com enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

Crypto.com review
Crypto.com Customer Support

Crypto.com registered users can request support through email, phone, live chat when available. Support options are available through the Crypto.com website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the Crypto.com website. Crypto.com also has a help page for solving common problems with your Crypto.com crypto account.

Crypto.com review
Crypto.com Phone Support

Crypto.com phone support can be accessed by called them on 8888248817.

Crypto.com review
Crypto.com Email Support

Crypto.com email suport can be reached at [email protected] Although Crypto.com usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

Crypto.com review
Crypto.com Live Chat

Customers can reach out to Crypto.com via live chat at any time if they have issues or difficulties with their Crypto.com account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

Crypto.com review
What Countries Is Crypto.com Available In?

Crypto.com is available in over 100 countries. Crypto.com does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

Crypto.com review
Crypto.com Account Limits

Crypto.com offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

Crypto.com review
Crypto.com Awards

Crypto.com review
Can Crypto.com Be Trusted?

Crypto.com is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

Crypto.com review
Is My Money Safe With Crypto.com?

Yes, Crypto.com is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. Crypto.com also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

Crypto.com review
Is Crypto.com Regulated By A Financial Regulator?

Yes, Crypto.com is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact Crypto.com If There Is A Problem?

Crypto.com β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Crypto.comβ€˜s website. Crypto.com also has a β€œHelp” section for less complicated issues.

Crypto.com Review Verdict

Crypto.com makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

Crypto.com Compared To Other Cryptocurrency Platforms

  1. Visit Crypto.com alternative Crypto.com

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and 153 more cryptocurrency.
    πŸ“ˆ Traded Volume: 2,630,000,000
    πŸ’΅ Deposit Methods: Credit card

    πŸ’° Trading Fees: Maker: 0.04-0.20%
    πŸ’° Withdrawal Fees: Cryptocurrency: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit Crypto.com alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit Crypto.com alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit Crypto.com alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit Crypto.com alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit Crypto.com alternative Paybis

    🀴 Used By: 700,000
    ⚑ Crypto Available: BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT and 32 more cryptocurrency.
    πŸ“ˆ Traded Volume: 62,336,251
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit Crypto.com alternative Gate.io

    🀴 Used By: 4,000,000
    ⚑ Crypto Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI and 820 more cryptocurrency.
    πŸ“ˆ Traded Volume: 5,945,756,067
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.20%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit Crypto.com alternative Coinbase Pro

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and 80 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0-0.50%
    πŸ’° Withdrawal Fees: Cryptocurrency: None
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit Crypto.com alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit Crypto.com alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

Crypto.com Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about Crypto.com:

Is Crypto.com Safe?

Yes, Crypto.com is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From Crypto.com?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. Crypto.com also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is Crypto.com Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, Crypto.com is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With Crypto.com?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.