Crypto.com Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- All major cryptocurrencies, no fiat trading, free cryptocurrency e-wallet and plastic card, profitable investment program, regular tournaments, and contests on the Trading Arena
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- All major cryptocurrencies, no fiat trading, free cryptocurrency e-wallet and plastic card, profitable investment program, regular tournaments, and contests on the Trading Arena
Our Evaluation of Crypto.com
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Crypto.com is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Crypto.com clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Crypto.com exchange offers the opportunity to trade the most popular cryptocurrencies on favorable terms. The site is distinguished by large trading volumes, a wide selection of assets available for trading, and the ability to get a loan in cryptocurrency. Additional earnings are available through the Supercharger investment program and participation in the regular trader competitions held by the exchange. Unfortunately, trading with fiat funds is not represented on the site.
Brief Look at Crypto.com
- a large number of cryptocurrencies and tokens, the list of assets is constantly growing;
- all major options for depositing and withdrawing funds (bank cards and accounts, e-wallets, etc.);
- the crypto exchange provides traders with leverage: for margin trading, it’s 1:3; for derivatives, it’s 1:50;
- the function of cryptocurrency lending, securing a loan with one cryptocurrency at the expense of a deposit in another;
- the opportunity to earn extra money by participating in regular events at the Trading Arena;
- investment solution. The Supercharger allows you to flexibly invest free cryptocurrency funds;
- the ability to pay trading commissions with your own coin of the CRO platform with a partial refund;
- the crypto exchange provides a multicurrency wallet and a Visa Crypto.com plastic card with an 8% cashback.
- no fiat trading;
- the support service does not have a call center;
- there are no full-fledged training programs.
TU Expert Advice
Financial expert and analyst at Traders Union
The Crypto.com cryptocurrency exchange started its activities in 2018, is registered in the Cayman Islands, and operates under an official license. To access the full functionality of the exchange, extended verification of the KYC type is required. Protection of user data is provided by the proprietary encryption system.
The trading terminal is standard, there is mobile trading. The terminal has a lot of indicators, graphic elements, depth charts, and an order book. There are also stop loss and take profit functions. The exchange does not limit traders on trading strategies, scalping is available from 60 seconds to 30 minutes.
In addition to actually trading crypto-crypto with leverage, traders can earn by investing in the Supercharger program, plus a referral program with payments up to 50% of the commissions of invited users. A special advantage is a high volume and other activity on the site, such as contests with cash prizes which are sponsored frequently and held in the Trading Arena section.
In general, the site is characterized by high trading volumes, intuitive interaction, easae of use, and many useful functions. Commissions are average for the market, but they can be easily reduced due to some mechanisms offered by the exchange itself. The only drawback is the nonexistence of a call center and fiat trading.
Crypto.com Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | USD, EUR, GBP, HKD, JPY, and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | Depends on the asset |
| ⚖️ Leverage: | 1:3 (margin trading), 1:50 (derivatives) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | All major cryptocurrencies, no fiat trading, free cryptocurrency e-wallet and plastic card, profitable investment program, regular tournaments, and contests on the Trading Arena |
| 🎁 Contests and bonuses: | Yes |
A multicurrency crypto wallet, which is provided for free to each user, allows you to store funds, including in fiat for USD, EUR, GBP, HKD, JPY. You can freely convert fiat to crypto and vice versa, however, you cannot use it for trading or investing. A Crypto.com Visa card linked to an account can be used to pay for items in offline stores. The Crypto.com Mobile App has a PayPal function, so you can also pay via it, provided your phone supports this technology.
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Commissions and fees
Reducing the commission is also possible due to the existence of CRO in the trader's account. All users are divided into 8 levels of CRO. At the first level, you have less than CRO 5,000 and your discount is only 10%. At the maximum level - the eighth, (with CRO 50,000,000 in the account), your discount is 100%, that is, you do not pay trading commissions at all.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.4% per order | Yes |
You can get VIP status on the site. This requires the largest trading volumes among all users. VIP status has three levels and is assigned personally. Reduced commission fees apply for VIP users (0.02-0.00% for the maker, 0.04-0.02% for the taker, following the level). There are no commissions for depositing funds on the venue, there are commissions for withdrawing funds, however. The withdrawal fee is calculated separately for each cryptocurrency, this information can be specified in the "Commissions and Limits" section. The minimum deposit limits are also indicated there, and they also differ for each asset. The table below shows a comparison with other exchanges in relation to commissions:
| Broker | Average commission | Level |
|---|---|---|
|
$0.4 | |
|
$20 | |
|
$0.1 |
Investment Options
The Crypto.com exchange platform offers traders a Supercharger investment program. Its essence lies in the provision of cryptocurrency for use by the partners of the site with the payment of annual interest from them. The program is divided into two parts:
Accrual period. Within 45 days, you can deposit funds into the pool of the investment program. Funds are freely entered and withdrawn in any amount, the program automatically calculates the average share of your participation.
Remuneration period. For the next 45 days, you receive a daily interest, which is calculated by the share of deposits for the period of accrual.
Please note that deposits are only possible in one specific currency. With the update of the 90-day period, the conditions of the program are changing; for example, the cryptocurrency required for a deposit, and the estimated income (on average, it ranges from 5.56% to 26.62%). To join the program, a trader needs to go to the appropriate section of the site, click the "Learn more" button to open the current program, and then click "Login".
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Crypto.com’s affiliate program
To invite a referral, you need to go to the appropriate section of your personal account and copy the affiliate link. You can place it anywhere you like. Each user who registers and starts trading on the exchange, having followed your link before, will become your referral. The Crypto.com referral program offers two types of payments for invited partners:
For 12 months, you will receive 50% of the affiliate's commission fees on each trade. After the expiration of the specified period, the invited user ceases to be your affiliate and no longer generates income for you.
As soon as the referred affiliate makes their first CRO trade of at least CRO 1,000, you receive a one-time payment in USD. Its value depends on the amount of CRO on the first trade of the affiliate. The payout can be USD 10-2,000
Coins received as a bonus for the first deposit are not taken into account when the condition for the rate with the CRO participation is fulfilled. This bonus is received by each new user who has passed verification and deposited funds. It is 2% in CRO of the first deposit amount.
Please note that the referral program is not cross-platform. This means that you have different referral links in the application and in the personal account of the web version. A user who has followed the web link, but has registered and trades through the mobile application, will not be considered your referral.
User Satisfaction