If you're searching for an all-in-one, affordable crypto platform, then you will find Crypto.com app right for you. The more CRO (crypto.com coins) you stake, the more benefits you'll obtain from this platform. Besides the CRO rewards, the exchange charges a solid low fee and supports more than 60 cryptos that're available in the United States. But what is Crypto.com and how does it work? It's a crypto exchange that supports investing, trading, non-fungible tokens (NFTs), wallets, and so much more. The platform supports a huge ecosystem of products related to cryptos which makes it the go-to exchange for traders and investors who're looking to transact in cryptocurrencies. Their mobile app is the main mode of accessing the platform, and it's safe to say that the app is effective and has a great user interface. This article will discuss everything you need to know about Crypto.com, including its licences, registration and KYC (know your client) processes, pros and cons, as well as common FAQs regarding the app.
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Background & Overview
The Crypto.com App exchange is a distinguished platform that was established in Hong Kong in 2016. It serves traders and investors from more than 90 countries and accepts a wide array of cryptocurrency assets as well as blockchain-based products. With the app, traders and investors can purchase, sell, and trade a wide variety of currencies, and enjoy reasonably charged trading charges.
Moreover, the platform provides crypto credit cards, a decentralized platform, an NFT marketplace, as well as standalone cryptocurrency wallets. It also enables users to stake or hold their cryptocurrencies in a secure wallet for a predetermined timeframe and can earn interest of up to 14.5%.
People who want to purchase and hold cryptos such as Bitcoin (BTC) and Ethereum (ETH) will find Crypto.com to be a great choice. The fees are capped at 0.4% and reduce with huge trading volumes or a considerable holding of CRO coins. Presently, the platform accepts 150 currencies and traders can also trade cryptocurrency futures on the app.
Advantages at Crypto.com App+The platform supports a wide array of cryptocurrencies.
+The platform supports an ecosystem of crypto products.
+The exchange offers reasonable, competitive charges with available discounts.
+It is possible to earn interest in cryptocurrencies.
+Converting real money is simple.
+High level of security.
+There're cashback rewards in Visa card transactions.
Disadvantages-The customer support is not effective as there's no.
-Discounts on trading fees tend to be difficult to navigate.
-Educational resources are unavailable.
-Coins are not available globally.
KYC & Registration
The process of signing up for a Crypto.com account is quite simple and straightforward. First, you need to go to Google Play Store (for Android devices) or App Store (for iOS devices) and download the Crypto.com app. Open the app and fill in your email address and pick a password for accessing the platform.
When you create a new account, it will be verified by entering your name, a photo of your ID, as well as a selfie to prove your identity. Subsequently, you'll be required to link your preferred mode of payment, like a bank account.
If you're situated in the US, you'll be required to enter the KYC details to verify your identity. These details include your name, Social Security number, and your contact details. Once you're fully verified, users can deposit or withdraw funds to and from their accounts.
The entire process of setting up your account takes less than 10 minutes, including the KYC process. If you have your ID ready and you can type fast, then you can complete the process in less than five minutes.
Costs▪ Rated at 8/10
New users of the crypto app who've no CRO staking are usually charged a low fee of 0.4% on their trades with a trading volume of less than $25,000 per month. The trading charges are not the lowest in the market, but they're quite low as compared to what some of the biggest names in the industry are offering.
Notably, users who trade in high volumes qualify for charges that range between 0.1% and 0.04% if they don't have CRO staking. Discounted transaction fees are provided if you hold a minimum of 5,000 CRO coins in your wallet. At the time of writing, 5,000 CRO coins are worth an estimated 1280 USD. Investors who trade about 25,000 USD in trading volume are charged 0.36%. These rates reduce as the stake increases.
There are no extra per-trade charges, which means that the pricing structure of the crypto app is quite competitive.
Deposit Methods▪ Rated at 9/10
Below you can see a list of the deposit methods available on Crypto.com App. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Their own deposit provider is called Crypto.com Pay. By using this option, you get slightly lower settlement fees, will get zero transaction costs and there is support for all cryptocurrencies available on the site.
Platforms▪ Rated at 10/10
As mentioned above, the mobile app is the central hub for this crypto app, and it's available for iOS and Android smartphones. If you're used to trading cryptos and stocks using mobile apps, then you'll have a straightforward and intuitive experience.
With the app, you can view your portfolio swiftly as well as a wide variety of popular assets. The app comes with all the handy tools you require to trade cryptos, make money by staking crypto, make payments using crypto, and request a Crypto.com credit card.
The chart tools are quite easy to use and don't provide you with enormous data. The good thing is that every page of a currency comes with a brief overview as well as links to detailed data that can help you to learn how currency and blockchain operate before you make a purchase.
The crypto app also accepts multiple currencies such as the US dollar, euro, sterling pound, Canadian dollar, Australian dollar, and the Brazilian real. This level of flexibility makes it simple and convenient for people in various countries to trade cryptocurrencies with their preferred currency.
Broker Support▪ Rated at 9/10
The crypto app is acceptable and one of our favourites. However, the majority of negative reviews regarding Crypto.com are centred around poor customer support experiences or locked accounts. Not optimal customer support is a common thing among crypto exchanges, and Crypto.com is certainly not an exception.
Since customer service is not very helpful, it's a good idea to treat the crypto app as a self-service site. It's a platform for traders and investors who're familiar with online financial products and don't require much assistance.
Other Names for Crypto.com App
Crypto.com App is or has also been known under the following names: Crypto dot com
Is the Crypto.com app a reliable place to buy cryptocurrencies?
Yes, Crypto.com's app is a reliable exchange because it takes security matters with seriousness, has a catalogue of currencies, as well as a generous reward program.
How does this company earn money?
The company makes money from currency conversion charges, trading fees, interchange, withdrawals, and interest on loans.
Who started this company?
The crypto exchange was founded by Kris Marszalek Rafael Melo.
What is the minimum amount that can be refunded?
The minimum amount that can be refunded is 10 CRO and above. It is important to note that you will pay a transaction charge of 10 CRO.
Are the funds of traders in the crypto app insured?
The cryptocurrency app employs the "Defense in Depth" approach where a security growth mindset is embedded into every aspect of their business processes. That said, the crypto application uses a direct insurance policy that's been in effect since 2016. This insurance protects users against third-party theft and any damages or destruction.
Is Crypto.com a great platform for beginners?
The wide variety of supported currencies, competitive pricing strategies, and features aplenty make Crypto.com app ideal for beginners as well as advanced crypto traders and investors.
Instruments available▪ Rated at 10/10
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›› Sign up at Crypto.com App here
Screenshots from Crypto.com App
Related coin? Learn more about CROThe Cronos is the coin that is used on Crypto.com App, so it's worth reading more about it on our review page.
›› Read our full Cronos review here
Fortune favors the brave, says Cronos - the native token of the Crypto.com exchange.
Related blockchain? Learn more about Cronos ChainCronos Chain is the blockchain that Crypto.com App related to, so it's worth reading more about it below.
Cronos is a scalable blockchain, allowing fast, cheap and green transactions. Instead of proof of stake or proof of work, it's built on proof of authority (POA). Unlike other blockchains, it is not built of proof of stake and work but rather proof of authority, thereby appealing to users worldwide...
›› Read our full Cronos Chain review here
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Crypto.com App Review Published: Tuesday, 14 May 2019 1:39 am
Last Updated: Friday, 12 Aug 2022 7:02 pm