In the quick-moving world of cryptocurrency exchanges, Crypto.com, which was founded in 2016, is essentially a veteran.
In particular, Crypto.com excels as a one-stop shop for all your cryptocurrency transaction requirements, making it a good fit for investors of varying experience levels.
Key features
- One-Stop Shop – Crypto.com has so many features and services that you won’t need to search elsewhere.
- Cashback Visa Card – Crypto.com offers great cashback rewards for serious investors.
- Low Trading Fees – Crypto.com keeps trading fees low, which makes converting money easy.
| Referral Code | Defirate |
|---|---|
| Offer | Up to $50 worth of CRO |
| Terms and Conditions | Users who stake at least 1,000 CRO (limited to users staking CRO for the first time) |
| Last Verified | August 2022 |
What is Crypto.com?
Crypto.com is a well-liked platform for buying and selling a wide range of cryptocurrencies, boasting 10 million users in 90 countries. The goal of Crypto.com is to hasten the adoption of cryptocurrencies worldwide.
Crypto.com referral code for August 2022
Want to earn some bonus crypto to add to your Crypto.com account? If you sign up for a Crypto.com account using the referral code “Defirate” and stake at least 1,000 CRO, Crypto.com’s native token, you will be eligible to receive a sign-up bonus of up to $50 worth of CRO.
Here’s what you may be eligible to earn by using this referral ID:
- Stake between 1,000-4,999 CRO* — Receive $10 worth of CRO
- Stake 5,000+ CRO** — Receive $50 worth of CRO
*Only your first CRO stake amount is used to calculate the sign-up bonus
**CRO received as a bonus does not count toward the staking requirement
How does Crypto.com work?
Investors can buy and sell well-known and obscure cryptocurrencies on the Crypto.com cryptocurrency exchange platform. Credit cards, wire transfers, and ACH withdrawal are just a few of the methods that can be used to deposit or withdraw funds from a user’s online account.
Crypto.com fees and costs
The maker-taker fee model is employed by Crypto.com, like many other cryptocurrency exchange platforms. It follows that:
- As a Maker, you pay a different fee if your order increases liquidity because there is no matching order.
- As a Taker, you pay a different fee if your order decreases liquidity because it matches with an order that is already recorded.
Although Crypto.com bases fee reductions on your trading volume and whether or not you are staking CRO tokens, you should generally expect to pay more as a taker. The more CRO tokens you stake and trade during a 30-day period, the greater your discount.
- Maker fees range from 0.04% to 0.4%
- Taker fees range from 0.1% to 0.4%
- There is a 2.99% fee for purchases made via credit card
Crypto.com pros and cons
Pros
- Over 250 cryptocurrencies are supported
- Wide range of cryptocurrency products are available
- High-interest accounts with low trading fees
Cons
- Poor customer service
- Disappointing learning resources
- Forced to use CRO to avoid additional fees
Pros
Huge Number of Cryptocurrencies Supported
Numerous cryptocurrencies are supported by Crypto.com, which also supports more than 250 different currencies with spot trading, futures, and sophisticated order types.
Wide Range of Products
Crypto.com facilitates cryptocurrency trading, staking, and swapping, all of which contribute to a thriving cryptocurrency ecosystem. Its own credit card, cryptocurrency wallet, and NFT investment options are also part of the package. Particularly useful is the Visa card that lets you spend cryptocurrency and earn rewards.
High-Interest & Low Fees
It gives you the possibility of earning interest on cryptocurrency investments at a rate higher than the top high-yield savings accounts. Discounts are available along with transparent, competitive pricing, with Crypto.com providing competitive trading fees of up to 0.40%.
Cons
Poor customer service
Crypto.com’s advantages are greatly diminished by subpar customer service.
Plus Crypto.com is currently receiving only 2.1 out of 5 stars on Trustpilot, there has been some customer feedback regarding how slow and unhelpful the customer service team has been. A lot of the complaints centre on the slow response time from customer service. If you’re trying to open an account or get access to your money, this could be annoying.
Disappointing learning resources
Utilising Crypto.com can be challenging at first due to the lack of a cryptocurrency knowledge centre, difficult-to-find educational resources, and scant research. Additionally, investors will need to look elsewhere if they want to brush up on their knowledge of cryptocurrencies.
Forced to use CRO to avoid additional fees
Higher trading fees are applied to low-volume traders, especially to those who do not own Cronos (CRO), the native cryptocurrency of Crypto.com. Users of Crypto.com who hold a sizable amount of CRO currency are eligible for reduced trading fees.
Who should use Crypto.com?
You can benefit from many features on Crypto.com if you have a basic understanding of cryptocurrencies and want to stake CRO. An investor makes more money the more they stake. Most users find trading on Crypto.com to be more affordable, even without staking CRO, when compared to other cryptocurrency trading platforms like Coinbase. Several Visa cards and gift cards will also be available to you, which you can use to both buy and spend cryptocurrency.
Usability
You can fulfill all your cryptocurrency trading requirements on Crypto.com. However, it’s not always easy to figure out where to go.
They provide a mobile app for Crypto.com to make things simpler. It allows you to track your portfolio, send coins to the Crypto.com Exchange, withdraw cryptocurrency to external wallets, and manage platform deposits, in addition to the standard buying and selling processes. To sum it up, the Crypto.com App is a one-stop shop for all your cryptocurrency and fiat currency needs.
Trading tools and features
High Interest Rates
With Crypto.com’s Earn program, you can earn up to 14.5% annually on deposits of over 30 different cryptocurrencies.
Cashback Visa Card
It’s like a debit card with rewards, except there are five tiers of rewards, and you can use it to spend your cryptocurrency holdings more easily.
NFTs Functionality
This platform enables its users to buy, sell, and display NFTs (non-fungible tokens), all within the same interface.
Crypto investing
More than 250 currencies are supported for spot trading on Crypto.com. The five most popular cryptocurrencies on the platform at the time of writing are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- BNB (BNB)
How to sign up for Crypto.com
It’s simple to register for a free Crypto.com account. To begin, ensure you have a working email address, your personal details, and a phone number you can access.
Step 1: Go to the Crypto.com Sign Up page. Make sure to use our code, “Defirate.”
Step 2: Fill out the registration form on the website with your first and last names, birthdate, nationality, and email address.
Step 3: Make a secure password. A combination of capital letters, numbers, and symbols works best.
Step 4: If you have a referral code, enter it now.
Step 5: Check the two terms and conditions boxes.
Step 6: If asked to ‘Verify’, you will have to do a small challenge to prove you’re not a robot.
Step 7: Click ‘Create Account’
Step 8: Now comes the official verification process. You’ll need an identification document (passport, driver’s license etc.), along with a working email and an accessible phone number. Input the information as it’s requested, and you should be all set.
Step 9: You will also be asked to take a selfie to verify your identity. If you’re concerned about this step, learn more about Know Your Customer (KYC) processes and face verification over at Full Verified.
Source: Fully Verified
Step 10: Now you wait for the Crypto.com team to verify your documents. So look out for an email that will let you know.
Best Crypto.com alternatives
- Coinbase – better for beginners thanks to its educational resources.
- Gemini – easier to use and navigate.
- Public.com – offers low-entry point into the crypto market.
- ByBit – a future-focused platform constantly striving for innovation.
To sum it up
The trading platform Crypto.com makes buying, selling, and using cryptocurrencies incredibly simple. Its other crypto services, such as the Crypto.com Exchange, DeFi Swap, Wallet, and Crypto Earn, are also open to all users, making it a fantastic one-stop shop for all things crypto.
Is Crypto.com exchange available in the U.S?
In the United States of America and US Territories, 49 states and US territories currently offer access to the Crypto.com App. American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands are among the U.S. Territories where the Crypto.com App is accessible, but these areas do not have access to the Crypto.com Visa Card.
Is Crypto.com better than Coinbase?
Despite having a slight learning curve, Crypto.com’s website and mobile app are simple to use and navigate. Additionally, there are more currencies available, and the costs are less expensive than on Coinbase for the fee tier that the majority of users will fall into. When considering a wider range of services, such as those that accept cryptocurrency as payment, Crypto.com trumps Coinbase.