Crypto.com Review 2022 ፡ Benefits and Disadvantages

A.D. Founded in 2016, Crypto.com is the oldest timer in the world of instant encryption. Crypto.com stands out as a one stop shop for all your crypto trading needs, making it ideal for any experienced investor.

Benefit

  • More than 90 secret currencies are available
  • Visa card that allows you to withdraw your crypto and earn rewards
  • Ability to earn interest on crypto holdings faster than the best high-end savings accounts

Cons

  • Educational resources hard to find
  • High transaction fees for low-volume traders, especially those who do not own Crypto.com native Cronos (CRO).
  • In-app live support may be slow.
  • Refunds and other benefits are paid by the CRO, which means you may experience fluctuations in your rewards and you may have to withdraw money for GBP.

Payments (Maker / Receiver)

0.40% / 0.40%

Crypto currencies are available for trading

100+

With 10 million users in 90 countries, Crypto.com is a popular option for buying and selling large crypto currencies. A.D. Founded in 2016, Crypto.com has established itself as a one-stop shop for crypto fans, not too complicated for beginners.

If you want to get started with these properties, the exchange NFT supply may increase appeal but you are not sure where to start.

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Who should choose Crypto.com?

With its many benefits and features, Crypto.com can be a particularly powerful option for anyone looking to get into the platform. CRO’s larger holdings include Crypto.com’s own cryptocurrency, for example, lower transaction fees and additional rewards on the Crypto.com Visa card.

If you are new to cryptocurrency, you may lose the Crypto.com trading interface. More suitable for beginners – albeit more expensive – you may want a platform like Coinbase, our top choice or Gemini. Both Coinbase Pro and Gemini Active Trader offer low-cost payments for those platforms that are willing to support their own complex interfaces.

Regardless of the exchange you choose, keep in mind that cryptocurrency is a very volatile asset and you could lose a significant amount of your investment in the short term. Be sure not to overreact to Crypto.com (or any crypto exchange).

Crypto.com Features

Instead of curiosity, the founders of Crypto.com anticipate the future of cryptocurrency as a standard investment. Believe it or not, Crypto.com can help you invest cryptocurrency in your financial life. To that end, in addition to the standard buying and selling of crypto, the platform offers the following useful features.

Refund Visa Card

Crypto.com offers a prepaid Visa card that works like a reward debit card and allows you to easily withdraw your crypto content. Although it is available to everyone, those who buy CRO, a native of the platform, will make a fortune.

The Crypto.com Visa Card is available with five rewards levels depending on how many CROs you have. Each offers a range of free ATMs and 1% to 8% cash back for certain types of services, such as Spotify, Netflix or Airbnb.

That last cent is interesting, but in reality it is only possible for the Died Crypto fan, you need to lock £ 300,000 in the CRO token.

Note that in this case ‘cash back’ means CRO, it may be inconvenient if you only use the card for a prize. You may need to convert your CRO into fiat currency to get your money back. Also, the CRO is subject to moderate price changes, which means that the price of your prize may change unexpectedly.

High interest rates

Like other major crypto exchanges, you can earn interest by choosing to lend your cryptocurrency to others. Borrowers can use these loans for securities or for other purposes.

With the Crypto.com Earn program, you can receive up to 14.5% of the deposit over 30 cryptocurrencies a year, depending on the cryptocurrency you choose and the amount of CRO on your account.

Rates may change, but you have the option to lock your rate (and your crypto as well) for a month or three months. You can also opt-out of your crypto at any time by opting out for a specific password.

Remember, these interest rates increase the cost of most savings accounts and are even more risky because they are not covered by the Financial Services Compensation Program. Also, you will receive a lower interest rate, which means your income will not increase over time.

Crypto.com NFTs

Crypto.com recently added a new functionality to the platform, which allows users to buy, sell and display NFTs (unused tokens). NFTs are unique digital assets that are often captured in the form of artwork or video content.

If you are interested in investing in NFT and Securities, you can use the same platform to buy and sell both attractive ones.

Crypto.com does not charge for the purchase of NFT but you pay 1.99% if you choose to resell. Creators also pay 1.99% to sell on stage.

Crypto.com Payments

Like many other crypto exchange platforms, Crypto.com uses a payment processor. This means that you will have to pay a separate fee depending on whether your order will be liquid because there is no relevant order (you are the maker) or your order will be liquid because it corresponds to the previous order in the books (you are the recipient).

In general, you can expect to pay a higher fee as a recipient, although Crypto.com will reduce payments depending on the size of your transaction and whether or not you are handling CRO tokens. Your discount will increase as you get more trades and more CRO tokens in the 30-day period.

The basic payment rates are as follows:

With a CRO share, you can further reduce your payments by receiving a percentage discount on your CRO. For example, if you are eligible for a 10% discount on the manufacturer and receiver fee, including 5,000 CRO, you can expect to pay 0.36% more efficiently than the 0.4% listed.

Crypto Currencies on Crypto.com

It supports over 90 Cryptocurrencies, including Crypto.com

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Crypto.com Coin (CRO)
  • ENJ Coin
  • Basic Focus Simulator (BT)
  • Paxos Standard (PAX)
  • USDC
  • OmiseGO (OMG)
  • Kyber Network (KNC)
  • 0x (ZRX)
  • LINK
  • Home (OGN)
  • ALGOOR
  • EGLD
  • Band Protocol
  • XSGD (XSGD)
  • Filecoin (FIL)
  • Polkadot (DOT)
  • BALS
  • Dogecoin (DOGE)

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