Crypto.com

Founded in 2016, Crypto.com is a full-service cryptocurrency platform that allows you to buy, sell and trade over 250 digital currencies, among other perks. The ecosystem includes an app, decentralized exchange, DeFi wallet, NFT marketplace, and many more services, such as Crypto.com Pay, Crypto Earn, and Crypto Credit. In addition to many investment features, Crypto.com also offers its own digital currency – Cronos (CRO), as well as a dedicated Visa debit card that allows users to make cryptocurrency payments easily and earn rewards.

Today, Crypto.com serves more than 10 million users in more than 90 countries, making it the world’s fastest growing cryptocurrency app. It is built on a strong foundation of security, privacy and compliance, and is the first crypto company to comply with ISO/IEC 27701:2019, CCSS Level 3, ISO 27001:2013 and PCI: DSS 3.2.1, Level 1 and independently assessed at Level 4, the highest level for both the NIST Cybersecurity and Privacy Framework, as well as Service Organization Control compliance ( SOC) 2.

With headquarters in Singapore and more than 3,000 employees in offices across the Americas, Europe and Asia, Crypto.com is accelerating the world’s transition to cryptocurrencies.

Pros And Cons Of Crypto.Com

The pros

More than 250 cryptocurrencies.
Crypto.com Visa Debit Card.
Mobile application for Android and iOS.
Access to DeFi and NFT markets.
Transparent, competitive fees with available discounts.

Introduce
Crypto.com is a fully regulated cryptocurrency company. It complies with all necessary financial laws and hedging regulations. Therefore, users cannot use its anonymous services, applications or exchanges. The platform is available in many countries, including the United States, Europe, Latin America, Canada, Australia, and Russia, as well as several countries in Asia and Africa.

When you sign up, you’ll need to verify your identity. You will need to provide the platform with:

Full real name
Image ID
on one’s own
To receive a Visa card from Crypto.com, you need to verify your residential address with a recent utility bill (less than three months from the date of payment). Account verification can take anywhere from a few hours to 3 business days.

Exchanges
Crypto.com Exchange is a specialized crypto-to-crypto exchange aimed at more experienced traders. It is accessible through a web-based platform that allows you to trade the base pairs Bitcoin (BTC), Tether USD (USDT) and Cronos (CRO). It also offers derivatives and margin trading with leverage up to 50 and 3 respectively.

Crypto.com exchange is rated by CER.live as the safest cryptocurrency exchange in the world, having won a series of security certificates. These include compliance with ISO 22301:2019, ISO 27001, ISO/IEC 27701:2019, SOC 2 and PCI:DSS v3.2.1 Level 1.

Although geared towards more experienced traders, Exchange’s interface is simple and easy to use, making it a suitable choice for both advanced users and beginners.

The exchange can be connected to your Crypto.com app accounts. This makes it easy to transfer money if you need to receive or withdraw it.

The easiest way to access the Crypto.com service is to download the mobile app. It allows you to buy and sell crypto, exchange fiat currency, manage your crypto.com Visa card, access Crypto Earn and Crypto Credit. Moreover, you can make purchases with cryptocurrencies and more.

Transaction fee

The fee this exchange applies will depend on the 30 day trading volume and your trading position (maker, taker). The trading level at Crypto.com is divided from level 1 to level 9. Accordingly, the 30-day trade execution volume (USD units) at level 1 is from $0 to $25,000 and level 9 is from $200,000,001 or more . New users without CRO will pay 0.4% on trades with a total monthly trade volume of less than $25,000.

Deposits are free and withdrawal fees are 0.004 BTC/100 CRO. The transaction fee for taker is 0.16% and for maker is 0.10%. When trading cryptocurrencies by card, the exchange will apply a fee of 3.5%. Fees for buying and withdrawing cryptocurrencies vary depending on the specific coin and current market or network conditions. The Crypto.com app also allows you to buy and trade cryptocurrencies directly with your credit/debit card. Users pay from 0% -3.5% credit/debit card fees.

With the exchange’s DeFi swap fee, you will pay a 0.3% fee to liquidity providers to support the running of smart contracts. You can connect Defi Swap to your Defi Crypto.com wallet account. When transferring cryptocurrencies on the Ethereum network, you will have to pay gas fees. You can choose between medium, fast and super fast transaction confirmation speeds, where average transaction confirmations have low fees and superfast speeds correspond to very high fees.

Therefore, in reputable virtual currency exchanges, the fees applied by Crypto.com are considered low compared to other exchanges.

Besides, the exchange encourages buying and selling – trading with CRO with many incentives. Maker and taker can get 10% discount depending on different levels. Overall, the fees are considered affordable.

Some things to keep in mind with fees at Crypto.com:

Transaction fees will be charged for every transaction until your order is completed.
The transaction fee discount will be given in the form of a CRO refund.
To refund CRO, users need to stake CRO on Crypto.com Exchange and proceed to pay transaction fees with CRO.
30-day trading volume, CRO staking balance and fees paid in CRO will be calculated at 00:00:00 (UTC) daily.
Usually the payment and billing process will be completed in 60 minutes.
To understand the fees, you should carefully refer to the fee schedule to avoid confusion and trouble when trading.

Trading platform

Crypto.com exchange supports using 2 versions: mobile application and web.

Web platform
The web version is quite intuitive and easy to use. However, the web version is more suitable for experienced traders. The exchange can be linked to your app account, making it easy to transfer funds back and forth in case you need to deposit or withdraw. This version has full trading tools such as:

Advanced Charts: Very intuitive charts, easy to follow. Charts provided by Tradingview.
Basic order types: The exchange supports order types such as market orders, limit orders, and stop orders. Traders can use according to their needs and strategies.
Ordering area: The order placement area is clearly displayed and easy to use. For the experienced trader, the order area functions to show the different volumes traded.

Crypto.com App
Crypto.com is said to be more focused on mobile app development. The Crypto.com App is available for Android and iOS phones. This is an application that is highly appreciated by fully integrating necessary tools such as the web version. Accordingly, the app will help you buy and sell, trade in cryptocurrencies, manage your visa cards, and pay with cryptocurrencies. Not only that, the app also supports users to track wallets, manage cryptocurrencies on the app, etc. The Crypto.com app is rated by users as smoother than the web version.

Some special features of the app are:

Gives users the opportunity to earn up to 12%/year on stable coins and 6.5%/year on cryptocurrencies.
Trade over 100 cryptocurrencies with transparent fees, no hidden fees.
Get instant loans.
Help users manage balances by adding fiat or crypto deposits.
As can be seen, both the web and mobile versions of the exchange are intuitive and easy to use. Depending on your trading experience, you can choose to trade on the appropriate platform.

Trading products
Crypto.com supports multi-coin trading and has an NFT marketplace with products in many fields.

Available Cryptocurrencies

Electronic money	Symbol
Bitcoin	BTC
Solana	SOL
Ethereum	ETH
Tether	USDT
Binance coin	BNB
USD coin	USDC
XRP	XRP

This cryptocurrency exchange also offers CRO coin. So what is CRO? This is the exchange’s own currency. If you hold a significant amount of CRO coins, the company will apply lower transaction fees, higher interest rates and higher credit card rewards.

For more options in cryptocurrency trading, the exchange supports margin trading and derivatives trading. About margin trading (Margin) here, you can borrow virtual assets on the exchange to trade. Accordingly, eligible users can leverage a margin loan to open a position larger than their balance. Currently, the only supported trading pair with margin trading is BTC/USDT. In terms of leverage, users can trade perpetual and futures contracts with leverage up to 100X.

Open an account

Besides, a special point is that this cryptocurrency exchange has launched a derivatives exchange. Accordingly, the BTC/USD perpetual contract will use USDC as margin with up to 50x leverage. Traders will enjoy trading fee discounts depending on the amount of CRO deposited on the exchange. Some special features of this derivatives exchange are support for up to 2.7 million transactions/second and extremely low latency (50 microseconds).

As can be seen, with this exchange, users will have a lot of options when trading cryptocurrencies. That is intended to give traders more options. From there, traders will optimize their strategies.

NFT Trading
Crypto.com has an NFT marketplace where investors can buy, sell, and track collections.

The special feature of NFT on Crypto.com is that it has attracted the attention of celebrities and investors. Here you can also buy and sell NFTs, follow collections and creators, and apply for NFT rewards. There are thousands of NFTs in different fields that you can choose from. Accordingly, NFTs belong to fields such as art, gaming, sports, crypto, celebrities, music, etc. When participating in NFT transactions on the exchange, users will have to create an additional account to use.

Fees will depend on whether you are a buyer, creator or reseller. Accordingly, NFT buyers will not be charged any additional fees when an NFT purchase is made. For creators, the fee will be charged 1.99%/per NFT. Fees for resellers are also charged 1.99%/transaction.

Some outstanding features of the NFT market at this exchange can be mentioned as Drops, gifts. Drops is a section dedicated to showcasing all the notable NFT collections coming soon. This section will show the creation date, creator, and price of each NFT in the collection. NFT Marketplace also has many regular giveaways. The most recent giveaway event was the Crypto.com Arena NFT collection. A total of 50,000 Crypto.com Arena NFTs have been released and transferred online to users. You can then sell the donated NFT on the secondary market.

Crypto.com NFT Marketplace is one of the user-friendly platforms. This section can be accessed through your web browser and has a clean layout with sections for upcoming sales and notable brands. Users can easily select multiple NFTs by category, price, likes, views, blockchain, listing type or end date.

Since the Crypto.com marketplace currently supports the Ethereum-based Crypto.org and NFT chains, users who wish to transfer their digital assets to an external wallet must set up a wallet compatible with these blockchains. Many wallets are compatible with the Crypto.com NFT Marketplace app, the most prominent of which is the exchange’s DeFi wallet. Other supported wallets include MetaMask and Ledger wallets. Once you have a compatible crypto wallet, you can easily transfer your NFT from NFT Marketplace Crypto.com to your wallet.

Other Features of Crypto.com Ecosystem
Defi (wallet, earn and swap)

Borrow and lend with Crypto.com
They also offer lending and interest earning feature on cryptocurrencies. You can collateralize cryptocurrency to apply for a loan here. Accordingly, you can borrow in cryptocurrencies without selling them and borrow up to 50% of the crypto you collateralize. You will receive the loan directly in your crypto wallet. Besides, you can repay the loan whenever you want without incurring late fees.

Crypto.com Borrow and lend with
In particular, when taking out a crypto mortgage, they won’t check your credit history. It can be seen that this is a form of borrowing that has many outstanding advantages compared to traditional loans. When taking out a traditional loan, you will need to review your credit history, have a loan term, and may impose penalties if the borrower fails to repay the loan on time.

Not only that, but the exchange also makes it possible for you to earn interest from your cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Lumen (XLM) and more than 40 other supported currencies. . With this feature, rewards can be up to 6.5% annually and up to 10% for stablecoins. Individual traders will enjoy an additional 2% p.a. bonus for all fixed term deposits. Rewards are accumulated daily and paid out weekly with your staking virtual currency. The token reward ratio is different. Example: Bitcoin is 4%, Tether 8%, Cardano 3%, etc.

Open an account

Customer support
Crypto.com exchange customer support service is quite good

Besides the above criteria, the customer service of this exchange is also carefully reviewed and evaluated by us. Customer support service plays a very important role when users encounter problems when trading, when depositing, withdrawing,…. The floor supports 24/7 through channels such as live chat on the website, email or via the floor’s help page. The handling of user requests is rated positively, customer support is very good. Overall, in terms of customer support, the floor has no complaints. However, in our experience, the online chat section often crashes.

Users are mainly complaining about the account opening process and some fees. You can find information and frequently asked questions in the Help Center section. This section has almost all the answers, instructions related to the application, Crypto.com pay features, fees, visa cards, DeFi wallets, NFTs, security, etc. The answers are very complete and detailed. details. Therefore, when you have questions, you can search for information in this section on the floor’s website.

Train
Crypto.com has a separate section to update the market, providing knowledge for investors.

In the “Learn” section, you can find out a lot of information about events, news highlights, knowledge. Accordingly, in the “University” section, there will be outstanding topics about Blockchain, Coin and Tokens, DEFi, Trading, Wallet, etc. This knowledge will be for from new investors to experienced investors. Lessons are shared in the form of articles with pictures.

Security
Crypto.com applies a variety of security methods to ensure deposits for users

The exchange uses different methods such as: multi-factor authentication, strong passwords, personal online security methods, and especially storing users’ deposits offline (in cold storage),… These measures are intended to help keep users’ assets safe. These measures also do not lack password verification, biometrics, email, phone and authenticator.

Regarding hot wallets, they use HSM and multi-signature keys. Accordingly, the funds stored in the hot wallet are the company’s funds and account for only a small part of the exchange’s total holdings to serve the daily withdrawal requests of users. Besides, the platform’s DeFi wallet will allow users to keep their own keys.

In terms of infrastructure security, Crypto.com uses AWS – Amazon Web Service comes with features like:

Network and web application firewalls.
Controlled encryption in transit with built-in TLS transport layer security across all services.
The traffic is automatically encrypted.
Continuity planning to prevent power outages and attacks.
Logging, monitoring, automated threat detection and real-time analytics.
These infrastructure safeguards work in tandem with a variety of internal risk controls such as: Manual approval of major crypto and fiat transactions, Leading AI analytics tools in the industry…

At Crypto.com, USD balances will be held by Metropolitan Commercial Bank (a member of the Federal Insurance Deposit Corporation) and insured up to $250,000. According to time.com, the exchange had previously been hacked for $ 35 million. Accordingly, Ether and Bitcoin were illegally withdrawn and affected 483 users. The exchange then announced that they immediately stopped all withdrawals and that no users lost their funds. After the incident, the exchange implemented features such as: Notifying users when a new address is added as a recipient, implementing a global account protection program, and recovering up to $250,000 for users.

Until now, the safety of the floor is still highly appreciated.

Conclude
Crypto.com is a reputable exchange to start trading

Objectively, this is a reputable exchange, managed by a large agency and has been in operation for many years. Besides, the exchange also uses good features to protect users’ deposits such as multi-factor authentication, personal online security methods, and especially storing users’ deposits offline. In addition, the floor also has many attractive incentives and diverse features. In particular, the transaction fee that Crypto.com applies is also considered low compared to the current exchanges on the market. Therefore, if you have not yet chosen a safe exchange, reasonable fees and many incentives, this is a reasonable choice. This broker is suitable for both novice and experienced traders.