Crypto.com Review 2023
Table of Contents
Crypto.com is a fantastic cryptocurrency trading platform that’s accessible both on desktop and mobile. You can not only trade and buy digital assets however, there are numerous additional features such as an NFT market, Visa debit card, earning and the ability to stake.
On a side note, if you’re also looking for the best crypto exchanges in Australia, tap here.
Pros:
- Has 250+ crypto with staking available on 40+ crypto
- Easy and fast lending and borrowing of crypto
- Offers derivatives and margin trading
- Insurance cover on cryptocurrency
- Crypto.com’s Visa debit card comes with 5% cashback
Cons:
- Desktop website is limited to trading with only BTC, USDC, USDT, and CRO
Bitcoin and Other Supported Cryptocurrencies
One of the major reasons Crypto.com is so popular is that it has more than 250 crypto coins for users to purchase, sell or trade.
The cryptocurrency supported includes BTC, ETH, XRP, ADA, DOGE, SOL as well as CRO (which can be described as the cryptocurrency used by the exchange).
The benefit of CRO is that you are able to put it in a position to cut down on costs for trading as well as earn rewards. It is also possible to offer cashback on purchases using the Visa debit card.
Trading Fees
Crypto.com Deposit Fees
There are no deposits fees for crypto and fiat currencies.
Crypto.com Buy Crypto Fees
When you are using the Crypto.com application, if you would like to make use of a debit or Credit card to make purchases, you will be charged an additional charge of 4 percent or more, depending the location you are in. For the first 30-day period, Crypto.com waives this fee.
If you first deposit fiat currency (free of cost) then there is no cost to purchase crypto using the fiat that is already deposited into your account. It is also possible to exchange one crypto for another. Although Crypto.com doesn’t charge any fees on these transactions cost is part of the spread of their services.
Crypto.com Trading Fees
If you are you trade spot and margin trading are used are conducted on the exchange’s desktop, charges begin at 0.4 percent for the maker and taker. The fees are lower determined by the volume of trading over a 30-day period which is shown on the following table. You can also get discounts on fees when you place a stake of more than 5 000 CRO. The higher the stake more, the greater discount you will receive starting at 10 10% (for placing more than 5,000 CRO) up to 90 percent (for stakes of five millions CRO).
The derivatives trade costs for the desktop exchange start at 0.050 percent for the maker and 0.070 percent for the taker and lower fees determined by the volume of trading over a 30-day period (see the table below). The traders can also get additional discounts on fees if they invest more than five hundred CRO. The greater the stake and the greater the discount, ranging at 10 percent (for stakes of more than 5,000 CRO) up to 90 percent (for placing five millions CRO).
Crypto.com Withdrawal Fees
It is absolutely free to withdraw currency that is fiat via transfer to a bank account. The only exception is when you withdraw USDC through the SWIFT Network, which incurs an additional $25 USD charge.
In the case of cryptocurrency withdrawals that are made, you pay a fixed cost payable, which is based on the currency. There are many coins to mention here, however I have included the most popular cryptocurrency and their charges as a table.
It is important to note that the transfer of the crypto account into the other Crypto.com application user is free.
Is Crypto.com Safe to Use?
Crypto.com has been granted the US $100 million direct insurance contract under the direction of Arch Underwriting at Lloyd’s Syndicate 2012.
This is the most comprehensive coverage Crypto.com has obtained to protect its assets stored cold with the custodial platform Ledger Vault. The new policy increases Crypto.com’s total insurance for cryptocurrency to $750M, which includes the direct and indirect coverage provided by custodians.
This is a significant increase in security for Crypto.com’s expanding user base from physical destruction or damage, as well as third-party theft. It is possible to use Crypto.com with confidence and know that your funds are protected at all times.
Customer Support
One of the features I appreciate in cryptocurrency trading platforms is Live Chat support, and Crypto.com has this. Sometimes, if they are not available and your chat is responded to via email later in time.
You can respond to their email via Live Chat If you would prefer. They’re extremely responsive, based on the level of activity and I’ve tested out their ticket support via email. I received a reply within an hour, and the subsequent replies were received within minutes.
Frequently Asked Questions
What exactly is Crypto making?
Crypto Earn is an Crypto.com product which allows users to earn money from their cryptocurrency. In particular, by depositing cryptos, Crypto.com clients may earn up to 8 percent (this can be increased to 14% for deposits of in stable currencies) of interest that is paid every week.
Does Crypto.com have an account?
Yes. This platform has an uncustodial Crypto.com wallet that is available as an individual application. It’s important to know that when you use this wallet to hold your digital assets, you’ll remain solely accountable for the private keys.
Which countries are covered by Crypto.com?
The company is based with its headquarters in Hong Kong, the Crypto.com trading platform is available to residents in Hong Kong, the United States, Singapore, Singapore, the United Kingdom, and more than 30 European countries.
Does Crypto.com has a mobile app?
Crypto.com has created its own mobile app, that allows its customers to buy and sell cryptocurrency quickly, via the comfort of their phones. The Exchange application can be used on both Android as well as iOS platforms. It can be downloaded from on the Google Play Store or the Apple Store at no cost.
The Crypto.com application currently offers an insufficient selection of trading tools, compared to the web-based platform. They include spot trading, withdrawals and deposits as well as stake and earn. Fixed staking for CRO, soft-staking as well as the syndicate supercharger, as as the referral program.
Related:
Crypto.com Compared
| Exchange | Deposit Methods | Fiat Currencies | Cryptocurrencies | Trading Fees | Sign Up | ||
|---|---|---|---|---|---|---|---|
Swyftx | Bank Transfer, Crypto, Credit and Debit Card, Osko, PayID | New Zealand Dollars and Australian Dollars | Over 320 | 0.6% | Australian Dollars Deposits: 0% Crypto: 0% | Australian Dollars Withdrawals: 0% Crypto: 0% | Visit Swyftx |
Binance | Crypto, Credit and Debit Cards, Osko, PayID | 10 Fiat Including USD and AUD | Over 600 | 0% to 0.1% | 0% | Vary | Visit Binance |
CoinSpot | Bank Transfer, Fiat, Crypto, POLi, and PayID | Australian Dollars | Over 370 | Instant Buy/Sell: 1% OTC: 0.1% Market Order: 0.1%* | Direct Deposit: $0 Cash: 2.5% PayID, POLi, and direct deposits: $0 BPAY: 0.9% Direct Bank Transfer: $0 | Australian Dollars Withdrawals: $0 | Visit CoinSpot |
Bybit | Crypto, electronic funds transfer (EFT), wire transfer, bank transfer, credit card, and debit card | 50+ | 160+ | 0.1% spot trading 0.01% – 0.06% market makers/market takers fee | $0 | Does not support direct fiat withdrawals Crypto withdrawal fees: Network fees | Visit Bybit |
Digital Surge | Bank Transfer, Crypto, POLi, Osko, PayID | Australian Dollars | Over 300 | 0.1% to 0.5% | Deposit Fees Bank Transfer: $0 POLi: $2 (capped at $3.30) | $0 for AU Bank Accounts Cryptocurrency: Depends On the Network | Visit Digital Surge |
CoinJar | Fiat, Bank Transfer, Crypto, Credit or Debit Card, Apple Pay, Google Play | Pound Sterling and Australian Dollars | Over 50 | Maker: 0.04 to 0.1% Taker: 0.04 to 0.1% | Fiat: 1.5% CoinJar Users: $0 NPP: $0 | $0 | Visit CoinJar |
Independent Reserve | Crypto, Osko, PayID, Electronic Fund Transfer, SWIFT | Australian Dollars, US Dollars, New Zealand Dollars | Over 25 | 0.05% to 0.5% | For SWIFT Deposit: $15 for deposits under Australian $5,000 equivalent $0 for deposits over Australian $5,000 equivalent For Electronic Fund Transfer: Australian $0.99 for deposits under $100 $0 for deposits more than Australian $100 | Crypto: Fees vary Bank Transfer: $0 for AUD $20 for non-AUD | Visit Independent Reserve |
eToro | Bank Transfer, Debit Cards, Neteller, PayPal, Online Banking, and Skrill | 15 Fiat Currencies Including USD and AUD | Over 70 | Vary | Vary | $5 but minimum withdrawal of USD50 | Visit eToro |
Coinbase | Debit Card | More than 20 Fiat Currencies Including USD and EUR | Over 200 | Vary | Credit Card and Debit Card: 3.99% | 2.49% | Visit Coinbase |
Bittrex | Bank transfer (ACH) | Euro and US Dollars | Over 320 | 0.25% | $0 | Vary | Visit Bittrex |
Bitfinex | Bank Wire Transfer, Crypto, Credit Card | US Dollars, Japanese Yen, Euro, Pound Sterling | Over 200 | Taker: 0.055% to 0.2% Maker: 0% to 0.1% | Crypto: $0 Wire: 0.1% (min 60 Euro/USD) | Crypto: $0 Wire: 0.1% Express Bank Wire (within 1 day on business days): 1% (min 60 Euro/USD) | Visit Bitfinex |
Coinmama | Bank Card, SWIFT, Google Pay, SEPA, and Fedwire | 6 Fiat Currencies Including USD and AUD | Over 10 | 2.93% to 3.9% | 0% to 5% | N/A – assets are directly sent to the user’s crypto wallet | Visit Coinmama |
Kraken | Bank Transfer, Crypto, Wire Transfer, osko, SEPA, Apple Pay and Google Pay | 7 Fiat Currencies Including USD and AUD | Over 140 | Maker: 0% to 0.16% Taker: 0.10% to 0.26% | Vary | Vary | Visit Kraken |
KuCoin | Crypto, PayPal, Wire Transfer, Credit or Debit Card, SEPA | 9 Fiat Currencies Including USD and AUD | over 645 | 0.1% | $0 | Vary | Visit KuCoin |
Easy Crypto | Bank transfer, P2P, POLi, OSKO | AUD | 100+ | 0.5% – 1.6% | $0 | Fiat Withdrawal fees: $0 Crypto withdrawal fees: Network fees | Visit Easy Crypto |
Coinstash | Crypto, PayID, Bank Transfer | AUD | 410+ | 0.85% | $0 | Crypto withdrawal fees: Network fees Fiat Withdrawal fees: $0 | Visit Coinstash |
About The Author
Gareth Johnson
Gareth is incredibly passionate about sharing his knowledge in the crypto industry. It's important to make informed decisions in crypto and it's Crypto Wisdom's goal to make this information widely accessible.
This page was last updated on September 29, 2022
