Crypto.com Review 2024

Crypto.com is a leading cryptocurrency exchange and trading platform. They support 230 coins across 519 markets.

In this review, we'll cover everything you need to know before signing up. All the main features, pros and cons, included.

Summary

Pros

Supports over 250 cryptocurrencies for trading
Low trading fees, with fee discounts available for using CRO tokens
Offers a variety of services including staking, lending, and a DeFi wallet
User-friendly mobile app and web platform
High security with cold storage for assets and insurance coverage
Provides additional financial services like a credit card with cashback rewards in crypto
Wide range of fiat currencies supported for deposits and withdrawals
Offers automated trading through trading bots and sub-accounts for account management
Available NFT marketplace and ICO calendar for new projects
Strong focus on user experience with customizable interface and dark mode

Cons

High withdrawal fees for certain cryptocurrencies
Mixed reviews about customer support responsiveness
Complex interface may be overwhelming for beginners
Issues with bank connections for fiat deposits and withdrawals
Limited availability in some U.S. states

Features

Spot Trading

Crypto.com allows you to trade, buy, and sell, crypto on spot markets. Meaning you're trading the real thing. You can deposit and withdraw this crypto.

Trading Bots

Crypto.com has trading bots that you can use to automate your trading strategies.

Staking

Crypto.com allows you to stake your crypto and earn passive income.

Margin Trading

Crypto.com supports trading on margin. Leveraged trading where you must put up collateral.

Debit Card

Crypto.com offers users access to a crypto-backed debit card.

Money

Fees

Like all centralized exchanges, Crypto.com charges fees. This is how they generate revenue, and keep their operation running.

Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
Withdrawal fees. Crypto.com charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Crypto.com.
Crypto.com's maker fees: 0%*
Crypto.com's Taker fees: 0.066%*

Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

Payment Methods

Crypto.com supports 2 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

Credit/Debit Card
Bank Transfer

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Crypto.com supports 7 fiat currencies.

Security

Keeping your funds safe

Crypto.com offers 2 additional layer(s) of security. Aside from the obvious -- email and password.

KYC

Crypto.com requires KYC to use their services. KYC usually involves sharing your personal details, some form of ID, a mobile phone number, and in some cases, proof of address.