Crypto.com Supported Countries
Key Points:
- Crypto.com can be used to trade cryptocurrencies in over 100 countries, however, local limitations and restrictions may apply to certain features.
- Margin and derivatives trading are the most heavily restricted services, depending on location and due to local regulations.
- The Crypto.com staking and interest-earning wallets are available for investors in most countries.
What Countries Is Crypto.com Available?
Despite being a crypto operation with its roots in Asia, Crypto.com is available in over 100 countries. Given this, we have highlighted the major countries where Crypto.com is supported. We also touch on specific limitations of the services available to customers in these regions.
| Crypto.com Supported Country | Region | Registered & Licensed By | Applicable Restrictions |
|---|---|---|---|
| United States | North America | State of Washington - Department of Financial Institutions, Division of Consumer Services 48+ other State Department of Financial Services | Cannot access the Crypto.com service. Also, all US states are restricted from margin trading and derivatives on the Crypto.com exchange |
| United Kingdom | Europe | UK’s Financial Conduct Authority (FCA) | Restricted from margin trading and derivatives |
| Australia | Oceania | Australia Securities and Investment Commission (ASIC) | Cannot trade margin and derivatives |
| Singapore | Asia | Monetary Authority of Singapore (MAS) | Margin and derivatives trading is not available |
| Italy | Europe | Organismo Agentie Mediatori (OAM) | Cannot trade margin and derivatives |
| Canada | North America | Ontario Securities Commission (OSC) | Cannot trade margin and derivatives |
| Malta | Europe | Malta Financial Services Authority (MFSA) | Cannot trade margin and derivatives |
| United Arab Emirates | Middle East | Partial VARA license | None |
| Spain | Europe | Bank of Spain | Cannot engage in margin and derivatives trading |
| France | Europe | Autorité des marchés financiers (AMF) | Margin and derivatives trading is not available |
| Brazil | South America | Central Bank of Brazil | Cannot engage in derivatives and margin trading |
Traders in each of these supported regions are required to submit up-to-date information, including both not limited to government-issued ID card or driver’s license, billing and home address, and other personal details to complete the know-your-customer verification process.
What Countries Does Crypto.com Restrict?
Crypto.com enjoys widespread acceptance in the crypto space. The Singapore-based exchange is operational in 49 US states and 100 other countries. However, certain regulatory constraints in specific regions, particularly in the Middle East, have led to restrictions preventing access to Crypto.com's services.
Below, we cover the countries restricted from accessing Crypto.com’s desktop service as well as its app:
- Afghanistan
- China
- Benin Republic
- The Democratic Republic of Congo
- Niger Republic
- Albania
- Uganda
- Uzbekistan
- US: New York
- Zambia
- Zimbabwe
- Venezuela
- Togo, and several others.
Which Countries Is Crypto.com Fully/Partially Regulated In?
Crypto regulations are constantly changing globally as more regulators show interest in bringing the sector under some form of control. These are the list of the countries where Crypto.com is fully and partially regulated:
- US - fully regulated as a CFTC regulated Derivatives Clearing Organization and a Designated Contracts Market (DCM)
- UK - fully regulated as a crypto asset business
- France - fully regulated as a Digital Asset Service Provider
- South Korea - regulated as a Virtual Asset Service Provider
- Singapore - fully regulated as a Major Payment Institution and Digital Payment Token license
- Australia - fully regulated as a Digital Currency Exchange Provider
- UAE - partially regulated (operates with a minimal viable product (MVP) preparatory license.)
- Canada - partial license (pre-registration undertaking) and a host of other countries
Can I Change Countries On Crypto.com?
Unfortunately, Crypto.com customers who travel to new jurisdictions cannot change their country of residence. The only option for such users is to open a new Crypto.com account. The time to complete Crypto.com verification can take between 1 and 3 business days. In the event of further difficulties, customers must contact customer support for a proper walkthrough.
Which Countries Can You Margin Trade On Crypto.com?
Margin trading is available as a feature on the Crypto.com exchange; however, access to this service is based on specific geographical regions and verification eligibility criteria.
According to Crypto.com's guidelines, margin trading is not accessible to users residing in a list of restricted regions. This includes individuals from the US, UK, Vatican City, Yemen, Zimbabwe, Switzerland, Spain, South Africa, Singapore, Romania, and Brazil for South American citizens, among others.
However, customers in South Korea, Israel, Azerbaijan, Turkey, Argentina, Belarus, Serbia, Nigeria, Andorra, Russia, UAE, Ukraine (except Crimea, Donetsk, Luhansk/Lugansk regions), and others can trade margins on the Crypto.com exchange.
Which Countries Can You Stake & Earn Interest On Crypto.com?
Crypto.com, like most cryptocurrency exchanges, offers users the opportunity to stake their cryptocurrencies and earn passive income. The rate ranges from 1.5% - 6.5% on their locked tokens. Customers can earn more if they stake their CRO tokens. This service is available to all approved Crypto.com app users, excluding customers from Hong Kong SAR, Switzerland, Russia, or Malta.
Frequently Asked Questions
Crypto.com is available in many countries. However, residents in New York (USA), Afghanistan, Bosnia & Herzegovina, Palestine, Bangladesh, Ghana, Marshall Islands, Malawi, Libya, Macau, Zambia, and Zimbabwe, amongst others, are restricted from accessing the platform. This is due to regulatory restrictions in these regions.
No, Crypto.com is available in 100+ countries. The exchange is also available in US territories like American Samoa, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. Certain features and services may be unavailable depending on a customer's location.
Like most centralized crypto operations, Crypto.com reports to the US Internal Revenue Service (IRS). Hence, customers who earn more than $600 from staking and rewards are required to submit their earnings on Form 1099-MISC as “miscellaneous income.”
Yes, Crypto.com is available in many countries in the African continent, including Nigeria, Ghana and South Africa. However, margin trading services may be unavailable in many of these jurisdictions
Yes, Crypto.com is open to Indian residents to trade the crypto market.
Conclusion
With a user base exceeding 80 million investors, Crypto.com is a top centralized crypto exchange. Nonetheless, it remains unavailable in numerous regions due to local laws and ambiguous crypto regulations.
Besides entirely limiting access to its platform from certain regions, we have pinpointed certain services and features still inaccessible in supported regions. Moreover, customers who opt to change their regions must create a new account if they wish to continue using Crypto.com's services.
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