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BTC $47359.59 (-0.6%)
ETH $3411.93 (-4.8%)
USDT $1.00 (0.00%)
BCH $626.57 (-2.2%)
BSV $160.93 (1.86%)
LTC $181.64 (-2.8%)
BNB $411.16 (-3.4%)
ADA $2.36 (-3.0%)
DOGE $0.24 (0.73%)

Crypto.com Exchange Review 2021 – Details, Trading Fees, and Features

Crypto.com Exchange Review 2021 – Details, Trading Fees & Features

Introduction

This Crypto.com (CRO) exchange review discusses most of the things about the exchange and its features. However, this article should not be taken as financial advice. Instead, we urge the traders and investors to do their own research before getting involved in cryptocurrencies.

It should be noted, Crypto.com is one of the most active decentralized exchanges in the crypto world. In fact, the exchange was launched in 2019 with the mission of accelerating crypto adoption in the world. Furthermore, the exchange is powered by its native token: CRO. Hence, this token can be used to pay for all the premium services and transactions inside the exchange.

In addition, the Crypto.com exchange enables its users to earn token rewards through its crypto earn function. With this feature, users of the exchange can stake different types of tokens that the platform supports and earn. Best of all, these tokens include major cryptos such as BTC, USDT, ETH, and DOGE.

Another good thing is, Crypto.com is available for download on Android and iOS devices. However, not all countries around the world support the exchange. Specifically, the users in the United States can’t use the app for buying and trading crypto (although VPN can be an option).

On the other hand, for other countries that can download the crypto.com exchange app, users can enjoy referral programs. For this reason, users can earn money instantly by just inviting other users to create an account using referral codes. 

Crypto.com Exchange Details

Websitehttps://crypto.com/exchange/
Available on mobileYes
Number of supported coins/tokens90
Number of supported trading pairs167
Native tokenCRO
Supported fiat currenciesUSD, GBP, EUR, and more
CEOKris Marszalek
HQ LocationHong Kong

Crypto.com History Overview

In June 2016, Crypto.com was launched as Monaco Technologies GmbH. The company was founded by its current CEO, Kris Marszalek, with a slogan that says, “Spend anywhere, without fees.”

In order to fund the project, the Monaco company came up with the idea of launching an ICO. For this reason, the company launched an ICO from May 18 to June 18, 2017, that managed to raise $26.7 million worth of MCO tokens. With this, the company was able to sell over 12 million tokens out of 31.5 million total supply of MCO tokens.

In July 2018, 13 months after its ICO, the Monaco company officially announced its rebranding to Crypto.com. As a result, the MCO tokens were transferred to their new name, called CRO tokens. At the same time, the company also launched the Crypto.com Chain.

With that said, the company launched its own Crypto.com exchange the following year. Mainly, the creation of this exchange aims to invite as many traders as possible to expand its reach in the crypto market. For this reason, the CRO company introduces more of its products in the market, such as Crypto.com Pay, Crypto Credit, Crypto Earn, and Crypto.com Visa cards.

In 2020, the network launched its DeFi Swap services and DeFi wallet. Furthermore, CRO also started shipping its Crypto.com Visa cards in the European market. Through this, CRO users can easily use their crypto in different types of transactions.

Crypto.com Platform Interface

Today, Crypto.com exchange is one of the simplest and user-friendly exchange platforms in the crypto world. For this reason, new traders can easily buy and sell crypto without any difficulties.

Moreover, its advanced features such as margin and derivatives trading provide more options for traders to pick their trading appetites.

Crypto.com official
Crypto.com official website

Key Features and Functions

  • Available on Google Play Store and App Store.
  • Stake and maximize your crypto profit potential up to 6.5% per annum (p.a) while 12% p.a for stable coins.
  • Get a CRO Visa card for holding CRO tokens ( up to 8% back rewards).
  • Buy major cryptocurrencies using credit/debit cards.
  • Deposit crypto and get an instant loan with flexible repayment options.
  • Securely deposit, receive and trade crypto using the exchange.
  • Earn as much as $25 for every network referral.

Crypto.com Supported Cryptocurrencies

In particular, this Crypto.com exchange review will enable you to determine the list of cryptocurrencies that the CRO exchange supports. Also, the currencies listed on the CRO exchange can be traded directly with each other and can be staked to earn more tokens. But, of course, the staking depends on the availability of the staking pool offered by the exchange.

Bitcoin (BTC)  Polkadot (DOT)
Ethereum (ETH)   Tether (USDT)
Ripple (XRP)  Dogecoin (DOGE)
Icon (ICX)  USD Coin (USDC)       
EOS (EOS)  Qtum (QTUM)
Litecoin (LTC)  OmiseGo (OMG)
Cardano (ADA)   Storj (STORJ)
Stella (XLM)  Gnosis (GNO)
Nano (NANO)  Kava (KAVA)
Cosmos (ATOM) Bitcoin Cash (BCH)

Note: The crypto’s shown above are just some of the digital assets supported by the CRO exchange. Hence, for a full list of supported crypto’s you can click the link in this Crypto.com exchange review.

Deposit/Withdrawal/Trading Fees

So far, the Crypto.com exchange offers great deposit and withdrawal fees. Interestingly, the exchange fee schedule is volume-based. This means that you will get more discounts as your trading volume increases.

Staking ≥ 5000 CRO

Staking ≥ 5000 CRO
Staking ≥ 5000 CRO

Investing ≥ 10000 CRO

Investing ≥ 10000 CRO
Investing ≥ 10000 CRO

VIP Staking tiers

VIP Staking tiers
VIP Staking tiers

Accepted Payment Methods

Currently, the platform offers different ways to fund your account in the simplest way possible. The platform accepts fiat or cryptos. However, the exchange follows the rules and regulations of different countries around the world.

For this reason, the funding availability of your account depends on the rules set by your residence. Countries like Europe, Canada, Australia, Russia, Latin American countries, and some Asian and African states are some of the countries that support the Crypto.com exchange.

On the other hand, the charges normally range from 2.99% to 3.99% every time you buy crypto using your credit/debit card. Best of all, there is no limit in buying and depositing cryptos in the Crypto.com exchange.

Crypto.com Achievements

In November 2020, the CRO network successfully received a Class 3 Virtual Financial Assets (VFA) License. Hence, this license enables and authorized Crypto.com to provide the following services to experienced and non-experienced investors: the execution of orders on behalf of another person, Custodian or Nominee Services and dealing on own account. 

At the same time, the network also received in-principle approvals for a Financial Institution License. All these licenses and approval were given to the CRO network by the Malta Financial Services Authority. With this, the Crypto.com network proves to be a financial company that complies with the local and international laws.

Furthermore, in 2021, the crypto network continues to expand its reach in the business world. For this reason, CRO has partnered with big and prominent companies such as Formula 1. As a result, CRO may have the opportunity to grow its network presence on the international stage.

On the other hand, the CRO network dropped exclusive NFT collections from famous celebrities such as Boy George, Snoop Dogg, and Axel Masoor. Meanwhile, these are just some of the NFT collections that the network has produced. In short, the full list of NFTs collections of CRO can be found on the Crypto.com/NFT page.

Last but not least, the Crypto.com exchange native crypto, CRO token, remains as one of the top cryptos in Coingecko.

Crypto.com Pros and Cons

Pros

  • Earn up to $50 by using a referral code
  • Many ways to deposit and withdraw funds
  • Ability to use major credit/debit cards
  • Complied with local and international laws
  • User-friendly platform with great user interface
  • Available on Android and Apple devices
  • More ways to earn interest and rewards

Cons

  • Not available in all countries such as the US
  • Customer service support can still be improved
  • Moreover, limited assets to trade

Final Score

Finally, the final score of the CRO exchange. As a result, this final score is based on the analysis and personal view of Coin Quora. Meanwhile, this rating does not serve as financial advice. In other words, traders and investors must do their own research before investing money in crypto exchanges.

  • Services offered: 5/5
  • Cryptocurrency support: 4/5
  • Fees: 3/5
  • Security: 5/5

Review Score: 4.2/5

FAQ

Is Crypto.com a good exchange?

Based on the achievements and performance of the exchange, we can say that the Crypto.com exchange is a good one. However, traders and investors must still do in-depth research to know more about CRO exchange.

Is my Crypto safe on Crypto.com?

Crypto.com exchange is one of the exchanges that comply with the local and international laws. Therefore, we can say that your funds have a big chance of being safe inside the platform.

Is Crypto.com better than Coinbase?

Today, both Crypto.com exchange and Coinbase have unique features of their own. Hence, it is up to the user to decide which one fits their need in terms of crypto exchanges.

How does Crypto.com calculate exchange rate fees?

To be specific, the CRO network partners and built good relationships with multiple digital asset exchanges. As a result, CRO was able to come up with competitive fees for both merchants and customers.

To learn about the latest news and updates about Crypto.com, follow CoinQuora’s Exchanges News section.

Disclaimer: This material must not be used as the basis for making any investment decisions. This serves only as helpful material about the crypto exchange. Trading digital assets involve risk and can result in the loss of investment capital. Hence, always make sure to do in-depth research before engaging or investing in any crypto assets

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A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.