Crypto.com Exchange Review

Crypto.com is a cryptocurrency success story. Not only do they have the hottest domain name in the industry, they also have products and services to back up the reputation of carrying such a powerful domain. Crypto.com is born out of the MCO project which launched in an ICO in 2017. Stemming from an idea to produce a crypto credit card to fuel crypto mass adoption, they’ve expanded their value offering to include the Crypto.com cryptocurrency exchange. Their mobile application is stacked with an impressive feature set with some of the most competitive offerings in the crypto space.

Coupled with an exchange token CRO, crypto.com has built a cryptocurrency ecosystem worth looking into. This review covers just the crypto.com exchange, not the mobile application or the MCO VISA card.

Comprehensive Crypto.com Review

Crypto.com Exchange Logo

Crypto.com

  • One-stop shop for crypto with built-in exchange, app, lending platform, debit card and more
  • Native CRO token assists in making low-fee transactions
  • Potential for high amount of interest when storing digital assets on Crypto.com
  • A long-term goal of building cryptocurrency adoption on whole

General Overview

The Benefits PRO's
  • Regular discounts called “Syndicate Events” offer up to 50% off coins
  • Soft staking allowing you to earn up to 5% on deposited assets
  • Staking CRO earns you a 20% ROI
  • Excellent UI is friendly for users
  • Trading competitions and participation incentives
The Downside CON's
  • The exchange is relatively new, not yet having proven its track record
  • The high staking rewards has people nervous about their business model

Crypto.com at a Glance

Users
1+
million
Volume
1+
million
Trust rating
medium
Overall rating
high

Funding Methods

Method Best For Deposit Withdraw Speed
Debit Card Small investments No No N/A
Credit Card Small Investments Yes No Instant
Wire Transfer Large investments Yes Yes 5-7 business days
Crypto Large investments Yes Yes Instant

Sign-Up Process

Crypto.com has two levels of verification on their exchange, Basic and Advanced.

Basic verification takes information such as name, email, and phone number. This gives you access to most of their services, and gives you a reasonable degree of freedom with respect to deposits and withdrawals.

Their advanced level KYC (Know Your Customer) requires you to submit identity documents. This grants you the ability to have unlimited deposits, and a 100 BTC withdrawal limit.

Crypto.com Exchange

What Can I Buy on Crypto.com?

Crypto.com may be a relatively new exchange but it offers a nice selection of different coins and tokens including the heavy hitters like Bitcoin and Ethereum but also some underrated assets. Of course, you can always purchase the native MCO and CRO coins on Crypto.com.

Here’s a look at some of the popular digital assets you can buy on Crypto.com:

Supported Applications

Crypto.com the exchange is only currently available on the desktop. However, the exchange functionality is integrated into the Crypto.com mobile app, but without as much control over your trades. Inversely, the features available in the mobile application are not available on desktop. It is reasonable to assume that Crypto.com has plans to bridge this divide to create a fully integrated cryptocurrency platform.

Is Crypto.com Safe?

Crypto.com has received some of the highest declarations of security in the industry. Some of the certifications include the Cryptocurrency Certification Consortium, ISO/IEC 27001:2013 and PCI:DSS. Crypto.com ‘s first line on their security page says “Security First. Always”, with a philosophy of “Defence in Depth”. This declaration of their values, in combination with the certifications goes a long way in proving their commitment to giving their customers the highest degree of security available.

Crypto.com tells their users that 100% of their funds are stored in cold storage. Crypto.com boasts a cold wallet insurance fund in the event of a loss of funds. Their hot wallet is entirely corporate funds and dedicated to ensuring that transactions occur smoothly on their network of services. Furthermore, if you’re a US citizen and holding US dollars with Crypto.com, up to $250,000 is insured by the FDIC.

Crypto.com monitors all incoming transactions to make sure that they are not dealing with money coming from black markets. This is good policy, as it ensures that they don’t get into trouble for laundering money for criminals. This level of compliance and pro-activeness to prevent money laundering and criminal financial actions is the kind of responsible behavior that exchanges ought to look up to.

On a day-to-day basis, their mobile application and exchange are complete with 2FA through biometrics, or the Google Authenticator app. Finally, if a hacker manages to break through each and every piece of security crypto.com puts in place, the hackers can’t send your funds unless the address they’re sending to has been whitelisted by you. Check here for a complete overview of the security measures crypto.com has put in place.

Fees

Crypto.com has a transparent, reasonable, and competitive fee structure, that allows you to opt into cheaper exchange fees by purchasing more of their core token, CRO. At the most expensive end of things, their maker/taker fees start at .2% of the value of the trade, which is in itself, competitive. What is better, is how you obtain cheaper fees. You must stake CRO tokens, which not only gets you a 20% ROI on the amount that you’ve staked, but gets you incrementally cheaper fees.

Frequently Asked Questions

About the Author

Keegan Francis, CryptoVantage

Keegan Francis

Keegan Francis is a cryptocurrency knowledge expert and consultant. He recognized the opportunity in cryptocurrency early in his career and has been invested in it since 2014. His passion led him to start the Atlantic Blockchain Company which consults on blockchain technology and cryptocurrency know-how.