Crypto.com review : Crypto.com was established in the year the year 2016 Hong Kong. It offers over 250 cryptocurrencies to more than 10 million customers around the world. Crypto.com serves users in 90 countries with a unique suite of cryptocurrency-related financial products.
The extensive list of currencies, the low cost and other features adds to the appeal of Crypto.com ideal for novice to advanced users of cryptocurrency. But, newcomers might find the variety of options overwhelming.
All in all, Crypto.com is best for people who wish to be more involved with their cryptocurrency instead of just buying and holding. It’s an excellent site for traders who are active as well as anyone who is interested in using crypto as a real currency not just as an investment.
How Does Crypto.com Work?
Crypto.com review: is an online platform for trading in digital currencies with an intuitive user interface that guides users in the steps of purchasing selling, trading and buying cryptocurrency.
There are more than 50 cryptos on the platform which includes Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Monero (XMR), Dash (DASH), Ripple XRP, and Zcash (ZEC). It’s important to remember that Crypto.com does not provide margin trading or any other advanced tools like leverage or stop-losses.
The website was created with the intention of helping beginners trade and was intended to be user-friendly. It also allows you to view live prices of cryptocurrency in the currency of your choice through the price ticker feature.
Cryptocurrencies Available on Crypto.com
Crypto.com has greater than 250 currency pairs that can be used for spot trading, and the option of staking a subset. Although there are far too numerous currencies supported to include the entire list but you are assured of being able to purchase and sell the majority of the most traded currencies. (View the complete list of the assets that are available.)
Some of the most well-known assets via the site include
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Dogecoin (DOGE)
- Polkadot (DOT)
Crypto.com also has its own cryptocurrency, CRO. If you have a substantial part of CRO, CRO can reward users with lower trading costs and higher interest rates for staking and greater rewards for credit cards.
New Crypto.com users who do not have any CRO stakes will be charged 0.4 percent for trades with an average monthly volume of trading under $25,000. Fees for trading are less than those you’ll find in the case of some major industry competitors however, they aren’t the lowest in the market.
High-volume traders are eligible for fees that are as lower as 0.04 percent as a maker , or 0.1 percent as takingrs without CRO stakes. The discounted trading fees are accessible in the event that you have at the minimum of 5000 CRO in your bank account. After that traders who hold as much as $25,000 of monthly volume will pay 0.36 percent. The rates decrease as you increase your stake.
There aren’t any additional per-trade charges, which means that Crypto.com is very competitive in terms of pricing.
Crypto.com employs various security measures, such as the use of multi-factor authentication (MFA) as well as whitelisting to ensure that customer accounts are secure. It’s crucial to choose a secure password and your own personal security techniques to protect your account. Transactions made using cryptocurrency aren’t reverseable and therefore it’s unlikely that you’ll get back any lost cryptos if your account is compromised.
In addition to its security measures Crypto.com utilizes rigorous compliance monitoring and stores customers’ deposits in cold storage in order to protect against losses and hacks. It also collaborates together with banks from the local area in U.S. to provide $250,000 in FDIC insurance for U.S. dollar balances.
Opening a Crypto.com Account
To set up an account with Crypto.com account first, download the Crypto.com application on either the Google Play Store or Apple Store. Start the app with entering the email address address and selecting your password. The new Crypto.com accounts are authenticated using names, a photo of your ID photo and your selfie. Then, you’ll have to join a payment option like an account with a bank.
If you’re linking a banking account within the United States, you’ll be required to input Know Your Customer (KYC) information to confirm your identity, which includes the name of your contact details and Social Security Number. Users who have been verified can deposit money and withdraw it up to Crypto.com’s monthly and daily limits.
The setup of a new account that includes KYC verification, usually takes less than 10 minutes. If you’re quick to type with your identification in hand then you should be able to complete it in less than five minutes.
Conclusion For Crypto.com Review 2022:
Crypto.com is a new online trading platform that provides a wide range of trading possibilities. Crypto.com is a form of cryptocurrency exchange that permits users to trade in many different crypto currencies.
The platform has simple user interface that provides services to beginner intermediate, advanced and even expert traders. This review will examine the advantages and disadvantages of using this platform, as well as the advantages of trading on this platform.
✔ Low-cost fees
✔ Excellent for crypto payments
✔ It is easy to convert money
✔ Visa card that offers cash reward points
✔ Earn interest from crypto
✔ The choice of cryptocurrency
✔ Secure and strong
- The area is difficult to navigate
- Coins aren’t available everywhere.
- Poor customer service
- Insufficient educational resources
Read Also : CoinSmart Review : Best and Trusted Cryptocurrency Exchanges in 2022?