Crypto.com Review: Is It Legit? We Have The Answers

Crypto.com is a digital asset exchange that offers several cryptocurrency products and services. The popular crypto platform is well known for their crypto app which let's you buy, sell, trade, spend, store, earn, loan cash and even pay bills with crypto! 

In this Crypto.com review, we will assess the variety of products and services offered on the platform including the App, Exchange, Earn and Pay features. Our assessment will include commentary on the user-interface, trading assets, fees, supported countries & fiat currencies and more.

Key  Features:

  • Crypto.com App downloaded by 5 million users worldwide
  • Buy, trade and sell 50+ crypto pairs
  • Buy crypto with zero credit card fees for first 90 days
  • Volume based trading fees starting from 0.2%
  • Advanced trading platform, tools and indicators
  • $25 referral program for bringing in new users

overall 

4.5/5

Ease of use

User interface

Fees

Security

While we aim to provide you with accurate and the latest information, we strongly suggest that you visit the website to keep updated with any changes that may occur afterward.

This post contains affiliate links with our partners who may compensate us. However, this does not influence our review process or rating system. Read our disclaimer for further information.

Get $50 FREE when ordering a MCO Debit Card with our referral code 45h3ct59tv.

Before we get started with this review, it is often recommended to use a Bitcoin hardware wallet such as the Ledger Nano X when buying or trading cryptocurrency. If you don't have a wallet, read our guide on the best cryptocurrency hardware wallets.

What Is Crypto.com?

Crypto.com is a global digital asset service that offers a wide range of products on a beginner-friendly and intuitive mobile app. The digital currency provider allows customers to buy, trade, sell, store, earn, loan and pay bills using cryptocurrencies using its products on mobile devices.  

Crypto.com features its own 'exchange' to allow customers all over the world to trade a variety of digital assets on a secure crypto platform using its own web interface. Through its own native digital token coin (CRO), Crypto.com exchange can provide deep liquidity and competitive trading fees for its users to enjoy.

At A Glance

Exchange Name

Crypto.com

Fiat Currency

AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD and ZAR

Cryptocurrency

90+

Payment Type

Bank transfer

Wire transfer

Credit card or debit bank card

SEPA

Transfer Wise

PayPal

Trading Fee

0.2%

Deposit Fee

None

Withdrawal Fee

Varies on coin

Mobile App

Yes

Crypto.com Compared

Crypto.com is a world-class cryptocurrency exchange that offers a wide variety of products and features. Here are a few other trading platforms that provide cutting edge crypto services.

Exchange

Trading Fees

Rating

Review

Promotion

Website

binance

Binance

0.1%

4.8/5

10% off trading fees

coinbase

Coinbase

0.5% - 3.99%

4.7/5

$5 BTC bonus (USA only)

etoro

eToro

Spread only

4.6/5

None available at this time

Disclaimer: Your capital is at risk.

Features & Services

Beginner-Friendly

Crypto.com offers a highly intuitive, user-friendly and easy to use mobile app to buy and sell 90+ coins at true cost. The app is suited to individuals of all experience levels and supported on iOS and Android devices.

Buy Crypto At True Cost

Unique to Crypto.com, users can buy and sell 90+ cryptocurrencies at true cost with no mark-ups and the best possible execution prices. New users to the App can receive zero-trading fees for 30-days when using a credit or debit card to buy cryptocurrencies. In addition, users can send crypto to other users instantly without fees, or exchange crypto to crypto with zero trading fees.  

crypto.com app

Earn Interest

Similar to lending and borrowing platforms like BlockFi and Nexo, users that store their funds on the Crypto.com wallet can earn interest on crypto up to 6.5% p.a. The interest is paid out weekly in the cryptocurrency which can be withdrawn or used for trading on the exchange.

MCO VISA Card

Cryptocurrency investors in Canada, the UK, Singapore, USA and Europe can order a Crypto.com VISA card to spend (like cash) at supported retailers and merchants. The card offers up to 8% cashback on purchases using the MCO card. 

Is Crypto.com Legit?

Crypto.com appears to be a legit exchange that is secured and regulated. US customers fiat wallet balances (in USD) are covered by FDIC insurance up to US$250,000 which provides a level of assurance funds are safe on the platform. To date, there have been no hacks or major theft of funds on Crypto.com or its app.

Is Crypto.com Safe?

Crypto.com features bank-like security measures to protect the website, user data and funds safe. Based on our research, there have been no hacks or major theft of funds on the Crypto.com App or Exchange. Examples of security protocols in place to ensure the safety of assets include 100% cold storage wallet for customer funds and Two Factor Authentication (2FA).

The exchange has a strategic partnership with Ledger who are a leading hardware wallet provider. The cold storage assets are covered by a $100,000,000 Insurance Policy. The exchange is also one of the the first cryptocurrency companies in the world to have ISO27001:2013, PCI:DSS 3.2.1, Level 1 compliance and CCSS. 

Crypto.com App

Crypto.com App is one of the most popular fiat to crypto exchanges in the world with over 5 million downloads. The trading app provides a fast, easy and safe way to buy crypto at true cost using a debit/credit bank card. The app design has been tailored for usability making it simple for users to scan through and find a feature or product in seconds. The App is supported on iOS and Android mobile devices only. The app cannot be used on a desktop PC to purchase crypto.

crypto.com mobile phone app

Registration & Login

To buy, sell, send and receive cryptocurrency using the Crypto.com, users will need to download the app and open an account using their mobile phone. A valid email address will be required to receive a verification code to validate the new wallet. There are no fees to create or maintain a Crypto.com account or wallet. 

ID Verification

Like most fiat to crypto exchanges in the world, new users that create an account with Crypto.com to buy and sell crypto using fiat currency will need to verify their identity. The ID verification process is to comply with AML/CTF regulations that is mandated in several countries worldwide. 

A full name, Government identity document or Passport must be submitted using the app. The speed of the verification process usually takes less than 3 business days to be approved. For more information on the Know Your Customer (KYC) process, read this guide on the Crypto.com website.

Depositing Fiat Money 

Crypto.com App supports 21 different fiat currencies that includes the AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD and ZAR. Money can be deposited to the Crypto.com App to purchase crypto using the following payment methods (subject to availability within each country):

  • Bank transfer
  • Wire transfer
  • Credit card or debit bank card
  • SEPA
  • Transfer Wise
  • PayPal

The most popular method to transfer fiat currency in the USA is via a bank transfer (ACH) or a wire transfer. A bank transfer (ACH) is a cheap way to deposit funds that takes approximately 3-5 business days to clear. For higher limits, users are able to deposit up to $250,000 using a wire transfer which has a faster deposit speed of 1-2 business days. There is a minimum deposit amount of $50,000 with a wire transfer which is reasonable compared to other US cryptocurrency exchanges.

Country

Currency

Deposit Method

Minimum Transfer

Limit (24hr)

Limit (Month)

Speed

United States

USD

Bank transfer (ACH)

$20 per transaction

$20,000

$50,000

3-5 work days

United States

USD

Wire transfer

$5,000 per transaction

$100,000

$250,000

1-2 work days

Canada

CAD

Bank transfer (e-transfer)

$100 per transaction

$10,000

$40,000

1 work day

Australia

AUD

Bank transfer (NPP)

$50 per transaction

$100,000

$500,000

1-4 work days

Australia

AUD

PayPal

$50 per transaction

$10,000

$300,000

3-5 work days

Singapore

SGD

Xfers

$50 per transaction

$50,000

$500,000

Instant

Depositing Crypto

Crypto.com App allows the deposit of 17 digital assets such as BTC, ETH, CRO, BAT, LINK, USDC and DOT. The list of supported coins and ERC-20 tokens are restricted in particular countries such as the United States, Singapore and Hong Kong. For example, USA customers can not deposit popular tokens YFI, AAVE and UNI.

crypto.com mobile app

The deposit speed varies on the coin and the number of confirmations required before the funds arrive in the wallet. An email will be sent once a successful deposit is completed.

Confirmations

Cryptocurrency

1

XRP, XLM, ATOM, BNB, EOS, ALGO

5

NEO

6

BTC, BCH

12

LTC, VET

15

ADA

30

XTZ, ETH and ERC-20 tokens

Crypto.com App Fees

Crypto.com charges a standard fee between 1.49%-3.99% to purchase cryptocurrencies via debit cards or a credit card depending on the user's country. The exact cost will be displayed on the app when the order is placed. For a limited time promotion, new Crypto.com users are eligible for a 0% credit card fee waiver for the first 30 days.

Supported Countries

Crypto.com App is available worldwide to purchase cryptocurrency using a debit card or credit card including US residents. Accepted countries include the USAAustraliaSingapore, the UK and several jurisdictions within Europe. There are some restricted countries that are prohibited from buying crypto using the Crypto.com App.

Crypto.Com Earn

A benefit with using the Crypto.com App is the ability to earn interest on cryptocurrencies. To obtain the bonus, the deposited assets must be held within the Crypto.com wallet to earn up to 6.5% p.a. on crypto and 12% for stablecoins. The Crypto.com Earn interest amount is paid out weekly in the deposited coin. For example, Bitcoin (BTC) deposits will earn interest in BTC weekly. 

crypto.com earn

Staking 50,000 or more CRO tokens unlock an additional 2% p.a. interest on fixed term contracts. However, the additional interest is paid in CRO tokens, not the asset.

Crypto.com Earn supports a total of 34 digital coins that include the major coins such as Bitcoin, Ethereum, Litecoin, XRP and Binance Coin. There are 8 stablecoins that can also be deposited to the Crypto.com App to earn interest such as USD Coin, Tether and True USD.

crypto.com earn supported coins

Crypto.com VISA Card

Crypto.com App offers a Bitcoin Debit Card backed by VISA to spend crypto and earn cashback rewards on purchases up to 8%. There are no setup charges or annual fees to starting earning rewards at supported retailers using the Crypto.com VISA Card. To apply for the Crypto.com VISA debit card, users must download the Crypto.com App, complete identity verification (KYC), purchase CRO tokens from the App and deposit to their wallet to stake the CRO tokens (for 180 days).

crypto.com VISA cards

Cashback Rewards

Depending on the amount of CRO tokens staked within a Crypto.com wallet, MCO VISA cardholders will receive different percentage cashback between 1% and 8% as follows:

  • Obsidian VISA Card: 2% to 8%
  • Icy White/Frosted Rose Gold VISA Card: 1.75% - 5%
  • Royal Indigo/Jade Green VISA Card: 1.5% - 3%
  • Ruby Steel VISA Card: 1% - 2%

Customers that do not stake CRO tokens can still apply and use the Crypto.com VISA card to earn a 1% cashback on purchases. However, are not eligible for additional benefits and card rebates.

crypto.com card

Card Rebates

In addition to earning up to 8% cashback bonuses on local and international purchases, Crypto.com VISA Cardholders  can benefit by earning in rebates when spending at Crypto.com premium partners that include Spotify, Netflix, Prime and Expedia. The amount of rebate does vary with the amount of CRO staked on the app, which also allows bonus interest to be earned. Examples of rebates using the Crypto.com VIA card are below.

Merchant

Card Rebate

Expedia/Airbnb

10%

Spotify

100%

Netflix

100%

Amazon Prime

100%

There are limits to the rebates per month and customers should check the website for details. Once the 180 lock-up staking period has expired, the tokens can be transferred to a Crypto.com wallet to trade, or continue staking to earn additional benefits.  

Crypto.com Exchange

Crypto.com provides a cryptocurrency trading platform to swap digital currencies and is referred to as the 'Crypto.com Exchange.'. The Exchange is accessible online and features an advanced user-interface.

KYC Levels & Limits

For traders that want to buy/sell digital currencies on the Crypto.com Exchange, a tiered verification system with increased features, functionality and limits for each higher level. Traders can deposit an unlimited amount of crypto to the Exchange once KYC is completed.

Level

Features

No verification

View the Exchange and Dashboard only

Starter

Deposit crypto, trade crypto-to-crypto, withdraw crypto up to USD $5,000/day

Advanced

Deposit crypto, trade crypto-to-crypto, withdraw up to 100BTC/day

User Interface

Crypto.com Exchange offers a sleek, intuitive and clean platform for traders to speculate on the digital currency markets. The cryptocurrency trading platform provides advanced features, tools and indicators to analyze the charts and price action. The charting software and tools is provided by Tradingview, which most crypto traders will be familiar with. 

Switching between crypto pairs fast, responsive and near-instant, which other trading exchanges can struggle with. There was no latency to load the price charts of each trading pair. The drop down menu on the top right to view other assets is a great feature as it doesn't clutter the interface. 

crypto.com user interface

The interface is laid out with the chart in the middle and recent trades on the right to see the last prices that people are willing to buy and sell the selected cryptocurrency and the volume/amount traded at each price level. This makes it easy to enter an order by clicking a recent trade to automatically populate the exact price of the pair. Entering a price in manually can lead to errors.

Trading With Crypto.com Exchange

The available orders to enter a trade are limit and market orders only. Compared to advanced crypto trading platforms such as Binance, Coinbase Pro, Kraken and KuCoin, the available orders is limited and should be expanded to include stop-limit and OCO orders.

crypto.com order box

The order amount percentages (e.g. 25%, 50% and 100%) makes it easy and quick to enter in order. By clicking on these buttons, it will determine the amount based on your current account balance for the particular cryptocurrency. This has become the standard for digital exchanges in recent years.

Supported Cryptocurrencies

Crypto.com exchange provides support for over 24 cryptocurrencies such as BTC, XRP, LTC, MCO, EOS, XLM, ATOM, LINK, XTZ, BCH, VET and USDT. The assets can be traded against Bitcoin, Tether and CRO tokens providing a large number of trading pairs. As the exchange is still in beta, we can expect to see further crypto pairs added to the exchange in the near future.

crypto.com markets

Crypto.com Exchange Fees

Crypto.com Exchange uses a maker and taker model that starts at 0.20% per transaction for market and limit orders. The fees vary based on the overall trade volume which is calculated from the total 30 day trading volume in USD equivalent. The lowest transaction fee on Crypto.com Exchange is 0.04% (maker) and 0.10% (taker) for trading volumes above $10M a month.

Level

30-Day Volume

Maker Fee

Taker Fee

1

$0 - $50,000

0.20%

0.20%

2

$50,001 - $250,000

0.16%

0.18%

3

$250,001 - $1,000,000

0.12%

0.16%

4

$1,000,001 - $2,500,000

0.10%

0.14%

5

$2,500,001 - $10,000,000

0.08%

0.12%

6

$10,000,001 and above

0.04%

0.10%

Overall, the Crypto.com Exchange starting fee of 0.2% for market and limit orders is slightly higher than its competitors such as Binance, which offer a 0.10% trading fee that can be further reduced by 25% with referral bonuses or holding the exchange's native BNB token.

Deposit & Withdrawal Fees

Crypto.com Exchange does not charge a fee to deposit or withdraw cryptocurrency assets to the exchange for trading. The standard blockchain transaction fees to withdraw funds from the exchange will apply that varies on the asset and the network load. For example, the fee to withdraw BTC is 0.0005 BTC.

Crypto.com Derivatives Exchange

To complete with popular leverage trading exchanges such as Bybit, FTX and even Binance, Crypto.com has expanded its products to offer a Derivatives Exchange. The platform allows BTC/USD perpetual contracts to be traded using USDC as collateral. Users on the platform can trade using 50x leverage to control a larger position to take advantage of small price movements.

Similar to the Crypto.com Exchange for trading spot, traders that hold and stake certain amounts of the Crypto.com coin (CRO) are eligible for trading fee discounts. The user-interface for the derivatives market is similar to the spot exchange as shown below.

Crypto.com Bitcoin Perpetual

Crypto.com Pay

Crypto.com is a strong advocate for blockchain technology and the adoption of cryptocurrencies. To further their long term goal, the Crypto.com ecosystem provides a safe platform for individuals and businesses to integrate digital currencies into everyday life. Crypto.com Pay allows merchants to accept payment in Bitcoin or other popular cryptocurrencies on their website.

Crypto.com merchant fees to settle transactions in cryptocurrencies offer savings up to 80% compared to traditional payment systems such as PayPal and the major credit card companies. Online business can choose to be paid in Bitcoin, Ethereum, Litecoin or the Crypto.com coin which is then converted to USD, CAD or EUR.

crypto.com pay

For online shoppers, Crypto.com App users can spend their digital currencies in the wallet like a normal bank card. The app provides generous incentives in the form of cashbacks and rewards for spending crypto.

Security

The safety of funds and information held by a cryptocurrency platform is a vital consideration when selecting an exchange to buy, trade, sell or earn interest on crypto. Crypto.com takes a security-first approach when it comes to security and has implemented a number of strict measures and protocols to protect customers assets.

A summary of the key security features include:

  • 100% of users funds are stored offline in cold storage
  • Fiat currency held in US regulated and highly-secured custodian bank accounts  
  • Dedicated team to monitor all transactions including KYC/AML/ATF compliance checks
  • Monitors all withdrawal requests for suspicious transactions and activity
  • External withdrawal address whitelisting through email verification
  • Two Factor Authentication (2FA) to access the App

Crypto.com is also the first cryptocurrency company in the world to have ISO/IEC 27001:2013, ISO/IEC 27701:2019, PCI:DSS 3.2.1, Level 1 compliance and CCSS.

crypto.com security

Customer Support & Reviews

Crypto.com has a strong social media  presence on Facebook and Twitter. There are several comments that compliment the user-interface and ease-of-use on the App. While most of the reviews on TrustPilot for Crypto.com are focussed on the MCO card, overall the site has a rating of 4 out 5 Stars based on over 200 reviews. There are a few comments that complain about slow customer service.

The Crypto.com live bot does take a while for a customer service representative to respond. However, the Support section on the website is very comprehensive and covers all topics on each of the products offered. 

Frequently Asked Questions

Who Is The Owner Of Crypto.com?

Kris Marszalek is the Co-Founder and CEO of Crypto.com who leads of team of 200+ employees around the world located in 11 offices. The global company is based in Hong Kong, Singapore, China, United States, United Kingdom, Brazil, Bulgaria, Japan, Russia, India and Ireland.  

Is Crypto.com A Good Exchange?

Crypto.com is one of the better platforms that offers a wide variety of features for cryptocurrency investors using a single platform. Customers can purchase cryptocurrencies quickly and securely using a credit/debit card from anywhere in the world using a phone app. The Exchange is a good platform that includes advanced trading options, drawing tools and indicators for intermediate and professional traders. 

Does Crypto.com Have A Demo Account?

Crypto.com does not offer a demo account with its Exchange for beginners to learn how to trade or become familiar with the trading platform. Before depositing real funds to the Crypto.com Exchange, new traders can use other platforms which offer risk-free crypto trading with a practise account.

Is Crypto.com Available In Australia?

Crypto.com is a global cryptocurrency exchange that is available to use in several countries around the world. The exchange launched its service in Australia and has obtained a licensed from the Australian Financial Service License (AFSL) in late 2020. 

The company has quickly become a well-known cryptocurrency exchange in Australia that accepts Australian Dollars (AUD) via a bank card transaction. Customers no longer need to pay foreign exchange conversion fees to buy crypto using the Crypto.com app.

Conclusion

To conclude our Crypto.com review, the App and Exchange offers excellent financial services and products to increase the global adoption of digital currencies. In particular, the Crypto.com App is a legitimate platform for mobile devices that allows investors all around the world to easily and securely obtain cryptocurrencies such as Bitcoin and Ethereum with a debit/credit card. 

The Crypto.com Exchange is a good platform for intermediate and advanced traders to speculate on cryptocurrencies via a intuitive, stable and user-friendly charting interface. Users are able to speculate on 12+ trading pairs with competitive trading fees that can be discounted by holding CRO tokens. Overall, the Exchange is one of the better cryptocurrency trading platforms to choose from.

You Might Also Be Interested In:


Risk management tools and platform features are very important for any prospective cryptocurrency investor. The following cryptocurrency trading exchanges - in addition to the above exchange - provide advanced trading features, technical indicators and a smooth, mobile-responsive charting interface that will be suited to beginners and professional crypto traders. 

  1. Bybit
  2. Gemini
  3. BitMart
  4. BitMEX
  5. Dsdaq
  6. FTX
  7. BaseFEX
  8. PrimeBit
  9. Luno
  10. BitForex

Crypto.com

4.5

Ease of use

4.8/5

Reputation

5.0/5

Fees

4.8/5

Security

4.3/5

Customer support

3.8/5

Pros

  • Over 1 million customers and growing
  • Advanced charting interface & tools
  • Competitive trading fees
  • Excellent reviews and ratings
  • Regulated exchange and supports US traders

Cons

  • Limited number of crypto assets
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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.