Crypto.com Review 2023
Crypto.com could appeal to customers who are looking for a wide variety of cryptocurrencies
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Our Take
4.7
NerdWallet rating
The bottom line:
Pros & Cons
Pros
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Large selection of crypto assets.
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Fees are low if you fund your account with cash transfers.
Cons
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Fees for credit and debit purchases are relatively high.
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Some services not offered in the U.S.
Compare to Similar Brokers
 Robinhood Crypto |
 Webull Crypto |
|---|---|
|
NerdWallet rating 3.6 /5 |
NerdWallet rating 3.9 /5 |
|
Fees $0 per trade |
Fees $0 per trade |
|
Account minimum $0 |
Account minimum $0 |
|
Promotion None no promotion available at this time |
Promotion Get $5 in Crypto after opening a Webull account, activating crypto trading, and completing one [1] crypto trade before 2/28/2023. |
Where Crypto.com shines
Selection With further than 275 cryptocurrencies on its exchange,Crypto.com has a larger selection than any other service reviewed by NerdWallet.
Low freights with cash There are no trading and sale freights onCrypto.com if you make your purchase with plutocrat transferred in from your bank account via ACH, or automated clearinghouse, sale.
Where Crypto.com falls short
High freights for credit or disbenefit deals freights for purchases made with a credit or disbenefit card are relatively high at 4. Though these freights can be avoided with some legwork, this has historically been a accessible way to fund aCrypto.com account withcash.
Crypto.com allows instant ACH deals, but not all banks are included. If your bank can not be connected toCrypto.com, you will have to communicate your institution directly to carry out ACH transfers or line deals, a complicated process that can take days.
Some services unapproachable in theU.S. Singapore- groundedCrypto.com offers utmost of its services toU.S. guests through its mobile operation, so you may be out of luck if you prefer to trade from your desktop. Also, some aspects of its exchange similar as periphery trading — aren’t offered toU.S. residers, andCrypto.com isn’t available at each in NewYork.
Crypto.com is best for:
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Mobile-first users.
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Transactions with fiat, or traditional, currency.
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DeFi, or decentralized finance, tokens.
Crypto.com at a glance
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Minimum trade |
$1 or less for Bitcoin; other cryptocurrencies vary. |
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Trading and transaction fees |
No trading fee, but transactions using credit/debit cards cost up to 4%. |
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Number of cryptocurrencies |
More than 275. |
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Crypto-to-crypto trading pairs |
Crypto.com doesn’t offer an official list, but Bitcoin and other major assets have dozens. |
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Website transparency |
Crypto.com’s website is helpful, but sometimes fails to distinguish effectively between services offered by its U.S. and overseas services. |
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Storage and security |
Crypto.com has a handful of features such as insurance for assets. It did suffer a breach in 2022. |
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Staking and rewards |
Rewards can range up to 12.5% for high rollers, but earnings don’t compound. |
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Mobile app |
Crypto.com’s main app is available on iOS and Android, with an average rating around 4 stars. |
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Customer service |
Crypto.com offers only chat-based help for most issues. |
Further details about Crypto.com’s ratings
Minimum trade: 5 out of 5 stars
minimal trades onCrypto.com vary grounded on the cryptocurrency being traded. For Bitcoin, the most precious cryptocurrency, the platform adjusts the minimal regularly to keep it at the fellow of $1 or below.
Trading and transaction fees: 4 out of 5 stars
The cost of usingCrypto.com depends on how you choose to fund your account. The figure for credit card or disbenefit deals is over to 4, which is on the high end of the sale and trading figure structures on crypto exchanges reviewed by NerdWallet.
It’s possible to avoid these freights by transferring plutocrat into your account via ACH, but only if your bank is among those that fluently connect toCrypto.com.
You ’ll also pay a figure if you want to withdraw crypto from the platform. This figure depends on the type of cryptocurrency in question. For Bitcoin, the figure is 0.0006 BTC.
Number of cryptocurrencies: 5 out of 5 stars
Crypto.com has further than 275 cryptocurrencies available toU.S. guests, the loftiest number we ’ve seen in exchanges reviewed by NerdWallet. But unlike with some contending exchanges, you must buy cryptocurrency onCrypto.com using edict currency similar asU.S. bones
Crypto-to-crypto trading pairs: 5 out of 5 stars
Crypto.com does not make a list readily available describing the available crypto-to-crypto pairs on its service. However, a review of the app shows that there are several dozen pairs for top cryptocurrencies such as Bitcoin — as well as some less commonly traded ones. That puts Crypto.com comfortably among the top tier of exchanges in terms of trading pairs.
nevertheless, it’s not a bad idea to double check the app to make sure thatCrypto.com offers the dyads you most need in your crypto trading.
Storage and security: 3.5 out of 5 stars
Crypto.com allows druggies to connect multiple digital holdalls to its service, and it also offers its own options for holding cryptocurrency. Among them is the DeFi Wallet, a separate app that allows druggies to earn prices on commemoratives used in decentralized finance operations supported by blockchain networks.
still, Crypto, If you choose to hold means on theexchange.com outlines several way it has taken to cover guests. It says it holds guests ’ cryptocurrency in “ cold storehouse, ” which means it can not be fluently penetrated from the internet, making it less vulnerable to hackers. Fiat currency deposited onto the exchange is held in regulated bank accounts, according toCrypto.com.
In the event of an incident or attack that compromises guests ’ means, the company says it has$ 100 million in insurance to cover losses. After a security breach in early 2022 hit hundreds of druggies,Crypto.com said it had completely refunded anyone who lost finances.
Staking and rewards: 4 out of 5 stars
Crypto.com offers staking on further than 35 cryptocurrencies through its main service, and prices can range up to12.5. The program does have some unique limitations, still. For one, prices don’t composite. rather, they are paid out whenever you unstake your crypto. In addition, top- league prices are reserved for people with high trading volumes who useCrypto.com’s credit cards.
While cryptocurrencies don’t have to be locked up to earn prices, druggies who commit cryptocurrency for over to three months can increase their earnings.
Another way to earn crypto throughCrypto.com is the the main app’s” operations” program, which challenges guests to use aspects of the service in exchange for the chance to win prices including the combined cryptocurrency Cronos. operations frequently bear druggies to spend plutocrat, copping a certain quantum of crypto for case.
The DeFi Wallet app has some fresh options when it comes to decentralized finance, which is a broad term that describes sweats to move traditional fiscal services onto blockchain networks. druggies can also earn prices by using their cryptocurrencies as part of decentralized lending programs.
To get these immolations, which also allow druggies to change certain commemoratives for one another without the use of an exchange, you must use the DeFi portmanteau app. Each program has its own pitfalls and benefits, so make sure you read up on how they work before you start. Also note thatCrypto.com will take a.05 convenience figure on your earnings.
Some environment on staking and prices Staking programs operated by centralized businesses similar as exchanges have been under nonsupervisory scrutiny, with some facing allegations that their immolations quantum to unrecorded securities. In this fast- moving space, a company’s outlook can change snappily, so it’s possible that an exchange could end its program and unstake your commemoratives without your blessing or knowledge.
Mobile app: 4 out of 5 stars
Crypto.com’s mobile applications are the primary way that customers in the U.S. can access its services, so if you want to use Crypto.com, you should make sure you like the way the app works on your phone.
The platform offers applications for iOS, which is a 4-star product, and Android, which is a 5-star product according to customer ratings.
The app can also connect to the separate DeFi Wallet app, the customer ratings for which average around 4 stars.
Customer support options: 2 out of 5 stars
Crypto.com primarily offers chat-based support.
Other features you should know about
Cronos and credit cardsCrypto.com has tried to make a fiscal ecosystem for druggies of its apps. The associated products include credit cards and the associated cryptocurrency Cronos, or CRO. druggies who have staked a large quantum of CRO come eligible for cards that carry benefits including better prices on credit cards and advanced staking payouts.
NFTsCrypto.com also offers a business for NFTs, or nonfungible commemoratives. NFTs enable power of digital lines similar as visual art, music and vids.
Is Crypto.com right for you?
Crypto.com offers a massive selection of digital means and has freights that can be relatively low. It’s good for people comfortable with mobile trading, and those who are interested in add- on services similar as credit cards.
How do we review cryptocurrency platforms?
NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allowU.S. guests to buy and/ or vend cryptocurrency. Our end is to give an independent assessment of providers to help arm you with information to make sound, informed judgments on which bones will best meet your requirements. We cleave to strict guidelines for editorial integrity.
We collect data directly from providers through detailed questionnaires, and conduct first- hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of labor force at the providers and our specialists ’ hands- on exploration, energy our personal assessment process that scores each provider’s performance across further than 10 factors. The final affair produces star conditions from poor (one star) to excellent (five stars).
For further details about the orders considered when rating brokers and our process, read our full methodology.
