Headquartered in Sai Wan, Hong Kong, Crypto.com is an online Cryptocurrency Exchange that is reputed for being one of the world’s fastest and most secure crypto exchanges. The Exchange was launched in June 2016 and has since grown significantly with over 10 million users. They offer access to buy and sell various digital assets — Bitcoin, Ethereum, Cardano, Polkadot, Chainlink, and more — using bank transfer and credit/debit cards.
Crypto.com Review, Pros & Cons
- Proprietary trading platform
- Educational resources
- 24/7 customer support
- Over 100 cryptocurrencies
- No MetaTrader trading platforms
- No standalone trading tools
- Limited trading account options
- Not regulated
In this detailed Crypto.com review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
In June 2016, Crypto.com, an online cryptocurrency exchange, was established to give global clientele access to easily buy and sell over 100 cryptocurrencies, including its proprietary coin — Crypto.com coin (CRO). Crypto.com works on both desktop and mobile apps. Once you have set up your account and verified your identity, you can use it to trade crypto in two ways: through its Exchange or through its DeFi wallet. The Exchange provides traders with low trading fees as well as various deposit and withdrawal methods.
There is no regulatory information on the Exchange’s website at the moment. The lack of regulation could discourage prospects from opening an account with the Exchange.
The Exchange offers its services to residents of countries and jurisdictions where the use of such services would not be contrary to any local laws or regulations.
Some Crypto.com features and products mentioned within this Crypto.com review may not be available to traders from certain countries because of legal restrictions.
All trading activities are carried out using the Exchange’s in-house-built trading platform — Crypto.com. The platform is designed to enable clients to buy and sell over 100 cryptocurrencies and 20+ fiat currencies using bank transfers and credit cards. It has an easy-to-navigate interface, making it suitable for both beginner and advanced traders alike. The Exchange’s proprietary trading platform is available as a desktop application for Windows and Mac computers, a web version, and a mobile app that is designed specifically for mobile devices running on Android and iOS.
Crypto.com Trading Tools
There are no standalone trading tools on the Exchange’s website at the moment. It would be helpful to offer some valuable tools, such as Economic Calendar, Trading Calculator, and many more.
Crypto.com’s website contains a wide range of educational resources. There is a blog section that is replete with various learning articles and trading guides that could be beneficial for new traders. An FAQ section is also available to answer some of clients’ most common questions.
Crypto.com offers the following financial instruments: Bitcoin, Ethereum, Cardano, Polkadot, Chainlink, and more
Crypto.com Accounts & Fees
Traders are allowed to open a single live Crypto.com account to start trading cryptocurrencies.
As broker fees can vary and change, there may be additional fees that are not listed in this Crypto.com review. It is imperative to ensure that you check and understand all of the latest information before you open a Crypto.com broker account for online trading.
The Exchange provides traders with a responsive client support team, who are available 24/7 and can be reached via the following contact channels: email, Live Chat, and some selected social media handles, such as Facebook, Twitter, YouTube, LinkedIn, Telegram, Instagram, and more.
Crypto.com Deposit & Withdrawal
Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Bank transfers
- Credit/Debit cards
- ACH Transfer
The Exchange does not charge any fees for account deposits, while the time taken to process transactions may vary depending on the payment method in use.
Crypto.com Account Opening
To open an account, click on the ‘Sign Up” button at the top right corner of the Exchange’s website. Ensure you fill out the account application form correctly, providing all the requested details.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Overall, Crypto.com is a user-friendly digital assets trading platform that supports the trading of various cryptocurrencies. They provide traders with a proprietary trading platform that is available in the following versions: desktop, web, and mobile. The Exchange also gives traders access to a 24/7 client support team. However, there is no regulatory information on the Exchange’s website at the moment.
Cryptocurrencies (virtual currencies) are not “legal tenders” whose value is guaranteed by the government, such as the Japanese yen and the dollar. Electronic data exchanged on the Internet. The price of crypto assets (virtual currency) may fluctuate. There is a possibility of loss, such as the price of crypto assets (virtual currency) plummeting or suddenly becoming worthless.