Crypto.com Review

Donny Gamble
March 5, 2022
4.0
Personalincome rating

Crypto.com is a fairly good option if you want a wide-open portfolio of cryptocurrency, you just have to use the help articles and online forums to understand customer service issues on your own since they’re unlikely to be super helpful to you.

cryptodotcom logo
on Crypto.com's website
Crypto.com
FEES
0%-2.99%
per trade
Minimum DEPOSIT
$0
PROMOTION

No current promotions

Some of the links in this post are from our partners who compensate us. This may influence some of the products and services we write about and choose to review. However, this does not influence our research process and our opinions are our own. Here is how we make money.

The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

  • Massive Marketplace: You can trade over 250 coins, leaving you with little to no restrictions on how you grow your crypto portfolio
  • Amazing App: Mobile trading is hard and usually overcrowded, but Crypto.com has an excellent app that streamlines absolutely everything
  • Crypto Credit Card: You have access to an excellent crypto card that allows you to earn cryptocurrency as a reward for using it

Pros & Cons

Pros
  • Access to NFTs and other crypto products
  • Ever-growing list of available coins
  • The fees are pretty spot-on, so you don’t have to worry about hidden commissions anywhere.
Cons
  • Lack of Customer Service
  • High Fees

Crypto.com is just about as on-the-nose as you could get for cryptocurrency purchases, but they’re also a leader in NFTs as well. Whether you want to buy crypto or simply peruse the numerous coins on a crypto exchange, crypto.com appeals to everyone.

If you’re someone who’s always on-the-go and trading on your mobile, you’ll be happy to know that crypto.com is leading the space for mobile-first users with full-fledged features.

But as other exchanges do the same thing, will they still compare?  We became crypto.com customers, went through the rigmarole of funding our account and messing with their services (and customer service), and this is what we found.

About Crypto.com

Crypto.com seems to have a pretty hardcore mentality when it comes to cryptocurrency freeing the world from centralized currency. They have over 3,000 employees and an intense user base of ten million plus people.

Whoever they employed for UI design, specifically on mobile, should get a raise. We didn’t expect it at first, but Crypto.com actually has the best mobile app for fast response time, total usability, and ease of use.

Crypto.com Offerings

  • NFTs: These are the future of crypto, and everyone knows it; Crypto.com allows you to buy and own NFTs to further your asset portfolio
  • DeFi Token Swapping: DeFi token swapping is something that very few exchanges actually offer, and thankfully Crypto.com is pioneering these to everyone
  • Full Wallet: Take control of all your private keys in one convenient area
  • Crypto.org Chain: An interesting take on the next-gen public blockchain technology and what it holds for the future

Crypto.com Fees

Crypto.com is very transparent with their fees. They make most of their money off of transaction fees, and put a 0.40% fee if you use under $25,000 monthly.

There’s no real commissions with Crypto.com, so you don’t pay per-trade. Commission-free platforms are ever-growing, and they want to be on the forefront of them for good reason.

If you trade a lot and are considered a high-volume trader, you can sometimes run into maker fees as low as 0.04% and taker fees as low as 0.1% (without CRO staking). 

These fees are minimal and put the power in the hand of the investor.

Account Management

Managing your account is simple whether it’s in-app or on the website. Everything is easy to control from your dashboard. You can manage your entire bank account, transfers, trades, and your credit card balance all from the app.

In short, it’s very simple to manage your account with little to no limitations. Everything is under your control, so you can access your data and everything in one convenient space.

Out of everything that Crypto.com offers, their simple features that nobody really talks about, such as account management, reign supreme. It’s always good to have full control.

Who is Crypto.com Best for?

Crypto.com is best for anyone who wants to begin with cryptocurrency, or take their savvy investor-level experience to the next level. 

It’s basically good for everyone, so if you’re going to get into crypto for the first time or you’re looking to switch to a new marketplace that holds your values and interests, Crypto.com is for you.

Customer service is spotty though, so it’s important to know exactly what you’re getting into. Opening up an account is easy, navigating the site and app is easy, so it really is accessible and usable at all levels.

Crypto.com FAQ's

Is Crypto.com safe and legit?

Crypto.com isn’t just a really solid choice on a name; they’re one of the leading platforms for NFTs, cryptocurrency, and surprisingly they also offer loans.

They’ve become a powerhouse player in the cryptocurrency space, and have no plans of slowing down. Crypto.com is safe and utilizes excellent security protocols and top-tier encryption to secure your transactions and ensure you have a safe time using their service.

How do you withdraw money from Crypto.com?

Thankfully they make the process very simple. Go to your home screen (on the app) and click on “Transfer”, from there you will have an option labeled “Withdraw”, and then you simply select “Crypto” and “External Wallet” to withdraw to your own crypto wallet.

The process doesn’t take long, and you’re there for the entire transaction so you can rest assured that it will arrive in your wallet safe and sound.

Should you use crypto.com to buy NFTs?

Crypto.com is actually one of the leading marketplaces to buy NFTs from. They earn commissions off of their NFT transactions, but also offer a transparent marketplace that puts power in the hands of the creators.

Prices are laid out in cash, not just in ETH, so you’re able to see just what it would cost from your local currency.

How does Crypto.com make money?

Many marketplaces/exchanges only make money from their transactions, but Crypto.com is a different story. They make those transactional fees, but they also make money off of interest from their loans, NFT marketplace sales commissions, conversion fees, and the separate US stocks that the company invests its money into.

Crypto.com is similar to Binance in the diversification of their revenue stream.

Does Crypto.com sell my personal information?

Crypto.com does not exclusively say “We do not sell your information”, however their extremely lengthy privacy policy does include what they do with your information.

For a crypto exchange, they collect more information than you would expect, and while some of the reasoning behind it is to comply with anti-laundering laws, they will collect personal information from you including your social security number from third-party providers if necessary.

Crypto.com is a service you should really inspect and understand before you begin working with them.

Compare to Other Exchanges

Coinbase logo
TRADING FEES
1.49%
MINIMUM DEPOSIT
$0
PROMOTION
Offers $5 free bitcoin to new users
Binance logo
TRADING FEES
.1%
MINIMUM DEPOSIT
$0
PROMOTION
$100 bonus on qualifying deposit
FTX logo
TRADING FEES
0%-0.4%
MINIMUM DEPOSIT
$0
PROMOTION
5% off trading fees

Crypto.com

Crypto.com is a cryptocurrency exchange app based in Singapore. It is on a mission to accelerate the world's transition to cryptocurrency.

  • Crypto.com
  • Rating: 4
  • Reviewed by:
  • On March 5, 2022
  • Last modified:March 5, 2022

Review Summary:

Crypto.com is a cryptocurrency exchange app based in Singapore. It is on a mission to accelerate the world's transition to cryptocurrency.

Review of: Crypto.com

Reviewed by:
Rating:
4
On March 5, 2022
Last modified:March 5, 2022

Summary:

Crypto.com is a cryptocurrency exchange app based in Singapore. It is on a mission to accelerate the world's transition to cryptocurrency.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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