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August 19, 2024 
31 min. 
An effective platform is the ultimate requirement for day traders and crypto investors. No matter how efficient and intellectual you are about cryptocurrency, you are incomplete without a complete cryptocurrency exchange. Crypto.com holds the key to excellence in your trading journey.
Crypto.com started its operation in 2016 and soon became the leading exchange in the market. As the global cryptocurrency users reach up to 580 million, choosing the right platform is what puzzles many.
Should you choose crypto.com? As we mentioned, you should start trading on Crypto.com because it stands out due to its superlative adherence to regulatory compliance, matchless security protocols and sublime privacy protection.
Our Crypto.com detailed review will answer many questions that may strike your mind. Here is a list of what we will cover in this guide:
- What is Crypto.com?
- Key features and characteristics of Crypto.com exchange,
- Traders’ experience and trading fees of Crypto.com,
- Pros and cons of trading on Crypto.com, and more.
You will explore a wide range of areas to streamline your trading journey by reading this comprehensive guide.
What Is Crypto.com?
Cryptocurrency is a contemporary technology that has promoted decentralized finance (DeFi) and an economy with complete control. We have witnessed the magnificent growth and fame of crypto in recent years at a staggering 6.8% annually. This resulted in a global user base of about 560 million, including day traders and crypto traders.
With a vision to put traders and crypto investors in the driver’s seats, the Crypto.com exchange started its operation in full swing. Crypto.com is one of the leading and high-volume crypto marketplaces and exchanges.
It is home to over 100 million users in 90 countries worldwide. This is a testament to the trustworthiness and secure crypto operations of Crypto.com. Whether you are a freshie or a seasoned trader, you will need to expand your knowledge base at some point. It is when Crypto.com comes to the rescue with its articulate and to-the-point learning resources.
History of Crypto.com
Before we dive deeper into the understanding of what Crypto.com exchange is, it is imperative to know about its crucial history. Crypto.com is not just a cryptocurrency exchange where you can buy, sell, or exchange digital assets. It is a complete web3-based innovative internet.
A team of developers and crypto enthusiasts led the foundation of Crypto.com in June 2016 in Hong Kong. Extending its operations, Crypto.com transformed into a complete exchange for traders and crypto investors.
Kris Marszalek with his co-founding team shared a vision for the financial world. Due to their visionary and inspirational work, Crypto.com is one of the leading crypto brands worldwide. Crypto.com operates with complete operations in Europe, the US, Australia, Latin America, etc.
Which Cryptocurrencies Does Crypto.com Support?
Crypto.com is home to a wide range of supported cryptocurrencies. From over 250 crypto assets, traders and investors can benefit from various trading options. That includes spot, futures, margin trading, and crypto staking.
On top of that, you can trade with 100 crypto trading pairs and 20 fiat currencies, including USD, Pound Sterling, and more. In addition, you can explore hundreds of crypto tokens, such as:
- Bitcoin
- Ethereum
- Tether (USDT)
- Binance Coin (BNB)
- Ripple (XRP)
- Solana (SOL), etc.
Visit this link to explore the built-in cryptocurrency market in Crypto.com.
Top 5 Features of Crypto.com
There are certain features that make Crypto.com unique. With a focus on making cryptocurrency and web3 services mainstream, it serves as a bridge between these contemporary technological solutions.
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Let’s have a quick look at some of the key features that differentiate Crypto.com from its competitors in the crypto market.
1. Versatile Trading Options
A successful day trader never relies on a single way of making money off cryptocurrency. As a famous saying goes, “Never put all eggs in a single bucket”, depending on a single trading method will keep you confined.
Crypto.com has the supreme ecosystem for every money-making way of crypto. If you are a long-term investor, spot trading is the best way for you to lock cryptocurrency and yield gains.
Short-term and compounding benefits are associated with the future. Other trading options include:
- Perpetual contracts to gain profits from derivatives without owning them,
- Over-the-counter (OTC) trading for VIP users to hold bulk crypto assets
Additionally, you can access complete market analytics within the app without any charges. The market offers you crypto shifts and trends to help you decide on your future trades.
2. Crypto.com Bots
Bots are the best aid when it comes to trading smartly. Since artificial intelligence (AI) has grown immensely recently, trading bots have become smart enough to carry out trades for you.
Crypto.com is home to three different and effective trading bots. They are:
- DCA Bot: This bot is your machine trader with an adequate understanding of the market to trade crypto assets at a specific time.
- Grid Bot: With an effective mechanism to execute a grid trading strategy for buying at low and selling at high prices.
- TWAP Bot: This bot can split bulk orders into smaller bits to avoid slippage for an ensured profit.
Be mindful that these are just machines. Despite its intelligence and smart moves, you must do risk management yourself.
3. Crypto Lending
Crypto.com is a super platform that allows you to lend your additional crypto assets to borrowers at a set APR. This streamlines the crypto trading experience for everyone. You will earn revenue while the borrower will be able to carry out their trades.
4. Supercharger
It is one of the best initiatives of Crypto.com. Cronos hosts a wide range of emerging crypto tokens and coins. When you deposit your CRO coins on Cronos, you can participate in a charging period event.
The higher your deposit, the more your chances of winning trending crypto tokens. Once you win the crypto assets, you can either trade or hold them for financial gains.
5. The Trading Arena
Have you ever thought about the gamification of crypto trading? What if crypto trading was a game? Would you play it? If you are up for challenges, the Trading Arena is the right event for you.
Crypto.com offers the best perpetual futures trading competition between traders. When you participate in this event, you must stay sharp with your technical and fundamental analysis to win as many trades as possible for extra rewards.
Crypto.com Trading Experience
Now that you have a clear mindset of what Crypto.com brings to your table, let’s move forward to the trading experience on the Crypto.com exchange. It leaves no stone unturned to provide its customers and traders with a user-friendly and lucrative experience.
You will enjoy a minimal and responsive user experience on the mobile app and the web application of Crypto.com. On top of that, there are plenty of options to transition from boring candlestick analysis and refresh your crypto-oriented mind.
Here is how you will experience earning your next big income from cryptocurrency through Crypto.com:
Crypto.com: Mobile App vs. Web Application
When we discuss accessibility and ease of use, Crypto.com provides users with enhanced functionality thanks to its mobile application. It is the hub of features and accessibility for traders because the convenient user experience elevates its usability. Mobile application is the best solution for a portable and effortless trading experience.
However, the web application or Crypto.com website is no less comfortable. The best thing about the Crypto.com website is a complete ecosystem of exchange, web3 portal, non-fungible tokens (NFTs) marketplace, and more. Therefore, customers often prefer websites.
Trading Pairs
Crypto.com is home to top-performing as well as emerging crypto tokens. The trading pairs are vital, which include any cryptocurrency with leading stablecoin like USDT, USDC, etc. You will access every leading trading pair on Crypto.com in its mobile app and website.
To do so, you will need to register your account on the exchange. It is a straightforward process. Provide your personal information with an email address and password and you are good to go.
Once you have your account ready and verified, you can trade with these trading pairs:
- ADA/USDT
- BTC/USDT
- DOT/USDT
- MATIC/USDT
- ADA/USD
- FLUX/USD
- ETH/BTC
- SOL/ETH
This list is just the tip of the iceberg. There are more than this that you can explore by clicking here.
Advanced Order Types
Crypto.com is one of a few crypto exchanges that enable traders to enjoy industry-standard order types. The order types of Crypto.com are:
- Stop-Loss Limit
- Take-Profit Limit
- One-Cancels-The-Other Order (OCD) Limit
These order types are crucial for seasoned and experienced traders. They not only support fully funded spot and futures trades but also facilitate improved gains. Unluckily, you won’t be able to benefit from advanced order types if you trade margins and warrants.
Liquidity and Trading Volume
According to CoinMarketCap, the spot trading volume of Crypto.com for 24 hours is $3.805 billion, which equals 63,668 Bitcoins. Due to the high volume of daily trades on this exchange, it is a trustworthy, credible and reliable marketplace in the crypto market.
Why should you choose a high-volume crypto exchange? The simplest reason is high liquidity due to a higher number of trades. Higher liquidity is directly proportional to a comfortable and rewarding trading experience. Thus, Crypto.com is one of the most lucrative exchanges for day traders and investors.
Trading Tools and Analytics
The backbone of successful and productive trading is to-the-point technical analysis. Just like content creators take time to research and come up with amazing content for audiences, traders must dive deep into the market trends and analytics. Only then, can they leverage the full potential of the crypto market.
Technical analysis – as the name suggests – seems incredibly complicated. Fortunately, it is effortless with the right suite of tools and indicators. Crypto.com paves the way for you to explore the market trends with the top four technical analysis tools. That includes:
- Crypto Rainbow Chart
- Crypto Relative Strength Index (RSI)
- Altcoin Season
- Crypto Fear and Greed Index
You will find all these tools within the Crypto.com application. Provided that, it will guide you through essential steps to make the best out of these tools.
Crypto.com Trading Fees
Just like other cryptocurrency marketplaces, Crypto.com also charges trading fees. The best thing about it is a clear diagram and fee calculator on the website as well as a mobile application. This is convenient for traders to analyze its costs and charges.
Here is a quick overview of Crypto.com trading fees, deposit and withdrawal charges and margin trading interest rates.
Trading Fees
For trading, Crypto.com has two levels of fees. These levels are for sport and margin, derivatives, and CRO staking. The following table reflects the spot and margin trading fees:
Level |
|
|---|---|
30-Days Spot Trading Volume |
|
Maker |
|
Taker |
|
Maker Benefit (Zero Fee) |
|
Taker Benefit (12% Off) |
|
The VIP Program of Crypto.com is incredibly cost-effective with maker fees up to 0% and other perks. Another incentivized program is the Market Maker Program with additional benefits.
Deposit and Withdrawal Fees
One of the trader-friendly aspects of Crypto.com is its completely free deposit. The withdrawal fees vary from coin to blockchain network.
In the table below, we will add a few renowned and most-used crypto coins with their deposit and withdrawal charges for your reference.
Coin | Deposit Fee | Minimum Withdrawal | Withdrawal Fee |
|---|---|---|---|
ADA | Free | 1.8 | 0.5 |
CRO | Free | 1 | 0.001 |
DOT | Free | 2.5 | 0.1 |
APE | Free | 22 | 11 |
ATOM | Free | 2 | 0.1 |
BTC | Free | 0.0012 | 0.0006 |
DAI | Free | 20 | 10 |
Is Crypto.com Secure?
The commitment of Crypto.com to the security and safety of its users is unparalleled. With a vision to contribute to a global cryptocurrency platform in the crypto market, security and safety are superlative for any organization.
Thus, Crypto.com has invested in an unmatched security infrastructure that gives a tough time to social engineers and cyber criminals. What makes this crypto exchange distinguished and unique is its privacy protocols by design and by default.
Safety measures that Crypto.com follows are:
1. Certifications and Regulatory Assessments
Adhering to global regulatory compliance and security policies, Crypto.com has pioneered having ISO/IEC certificates. It also has PCI DSS level 1 compliance, which means that it follows data protection practices so that its users’ data never fall into evil hands.
Furthermore, Crypto.com has certifications in NIST Cybersecurity and Privacy Frameworks. These assessments and certificates prove the seriousness of privacy and safety concerns.
2. Regulated Custodian Bank Account
The use of custodian bank accounts is the centralized blend of Crypto.com, which bridges centralized finance with DeFi. If you are a US-based trader, you can rely on this crypto exchange to secure your funds through Community Federal Savings Bank.
On top of that, it has a built-in secured hot wallet for digital asset storage. The wallet is well-protected against attacks via efficient safety practices. Thus, you can rest assured knowing that your assets are in safe hands.
3. Account Security
For account protection, you will have to go through a strict sign-in process to ensure you never fall prey to a cyber attack. It has 2FA, anti-phishing practices, etc., in place against cyber criminals.
Moreover, the Hacker One Bug Bounty program recognizes and removes suspicious activity in the Crypto.com community. It also encourages its community members to disclose fraudulent activities so that timely actions happen for the cumulative safety of users.
Crypto.com On-Chain Staking
On-chain staking refers to becoming a validator by holding a crypto token for a specified period. It helps in earning passive rewards that add to the value of your locked crypto assets.
Crypto staking is possible due to the proof-of-stake or delegated PoS consensus mechanism. When you buy and hold your crypto assets, your chances of becoming a blockchain validator increase.
You review and add new blocks to a network, such as Ethereum, Solana, Polkadot, etc. Staking is essential for strengthening the security and scalability of a network. Crypto.com staking is simple, safe, and flexible. Flexible staking means that you can unstake your holdings at any time.
CRO Staking
Cronos (CRO) is the native crypto coin of the Crypto.com network. You can stake CRO tokens and get rewards at an estimated annual percentage rate of 7.34%.
Furthermore, Crypto.com allows you to stake other crypto tokens. The rewards and APR range from 2.8% to 20%. The available tokens for staking are:
Coin | Estimated APR |
|---|---|
Akash Network (AKT) | 19.07% |
Injective (INJ) | 17.64% |
Polkadot (DOT) | 15.57% |
Cosmos (ATOM) | 15.43% |
Kusama (KSM) | 15.48% |
dYdX (DYDX) | 11.81% |
Mina (MINA) | 11.74% |
Graph (GRT) | 11.67% |
Celestia (TIA) | 9.75% |
Risks of Staking
Before we discuss the risks of staking, we need to understand fixed and flexible staking. In fixed staking, the lockup period is longer. This means you have to stake your funds for a set time. Even if you want to withdraw your funds, you can’t do it.
On the contrary, flexible staking doesn’t restrict you to a lockup period. Even if there is a lockup period, it is either shorter or flexible for a specific amount of funds that you can unstake.
Thus, users prefer flexible, which Crypto.com staking actually is. The risk associated with fixed staking is liquidity risk. Since you can’t withdraw your tokens, your chances of gaining profit lower significantly.
Advantages of Using Crypto.com
As a sublime option for day traders and crypto investors, Crypto.com offers numerous benefits. From extensive support for crypto tokens to competitive trading fees and top-notch customer support services, Crypto.com stands out from its competitors.
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Here are some of the key advantages of trading on Crypto.com exchange:
- Wide Range of Crypto Coins: Crypto.com is home to significant numbers of cryptocurrency assets. From renowned Bitcoin to essential altcoins such as Litecoin, Filecoin, Stellar, Z Cash, etc., you won’t need another exchange for your trading needs.
- Enhanced Security: Safeguarding users’ assets and digital valuables is pivotal for crypto platforms. Crypto.com excels security and privacy of traders due to its transparent, effective, and well-established security protocols. It offers two-factor authentication (2FA), cold storage, and a matchless hot wallet for its consumers.
- Industry-Standard Fees: In terms of platform and trading fees, Crypto.com is highly cost-effective unless you avoid holding its native crypto token (CRO). Trading fees vary from 0.075% to 0.05% depending on your trading volume and CRO holdings.
- Native Crypto Token for Governance: CRO is key to efficient processes on the Crypto.com exchange. Due to the proof-of-stake (PoS) consensus mechanism, trading on Crypto.com is not only eco-friendly but also good for passive income streams.
- Robust Community of Crypto Enthusiasts: As we already mentioned Crypto.com is more than an exchange. It is a whole community of like-minded individuals who look to upscale their crypto gains. You can connect with top-performing digital creators to start your NFT journey as well.
Cons of Crypto.com
Regardless of the valuable perks of Crypto.com, it is also prone to some disadvantages as well. Here are the key ones:
- Trading Fees Dependent on CRO Holdings: Crypto.com native token, CRO is imperative for a cost-effective and economical trading experience. Traders with diversified portfolios and a lack of CRO assets stay deprived of low trading fees.
- Less-Effective Customer Support: Customer support is highly important for promoting loyalty and brand awareness in a community. Since the user base of Crypto.com is extensive, poor customer support will result in more financial losses. This will adversely affect its reputation in the blockchain market.
Conclusion
Crypto.com is a reputable and credible cryptocurrency exchange for day traders, investors, and crypto enthusiasts. You can buy, sell, and exchange your virtual assets at minimum fees and charges.
Since Crypto.com hosts extensive cryptocurrency trades, you can get started with it without worrying about security, scalability, and fees. Moreover, the CRO staking, the Trading Arena, etc., are some of the unique and lucrative events of this amazing crypto exchange.
FAQs
Is Crypto.com safe to use?
Crypto.com has a robust security infrastructure with certification and regulatory compliance. Thus, it is safe to trade on Crypto.com.
How do Crypto.com’s trading fees compare to other major exchanges?
Crypto.com has two-tier or level systems for regular and VIP users. Even the level 1 trading and withdrawal fees are lower than most of its competitors. Plus, the deposit is free of charge on Crypto.com.
What are the benefits of staking CRO on Crypto.com?
One of the benefits is passive income through the rewards of staking. Second, staking CRO helps you to become a validator of the Cosmos network and earn money through validator nodes.
What are the risks associated with staking and trading on Crypto.com?
One of the major risks associated with Crypto.com is to trade with bots. Staking is safe with Crypto.com because it offers flexible staking.
Does Crypto.com offer customer support, and how can I reach them?
Yes, Crypto.com has a customer support service to troubleshoot and resolve customers’ issues and requests. You can chat as well as file complaints to Crypto.com.
