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Crypto.com Review 2023: Is Crypto.com Safe?
There has been a meteoric rise in fresh investment possibilities during the past few years. The financial landscape is always shifting, so those who want to optimize their earnings should be familiar with the various options currently accessible.
In recent years, a number of new businesses have emerged, and one of them is crypto.com. In addition to other features, it provides a system for transacting in cryptocurrencies. The Crypto.com app makes it easy to trade, store, and spend cryptocurrency on the go.
What is Crypto.com?
Crypto.com is a well-known digital currency exchange that accepts a wide variety of cryptocurrencies and other blockchain-related items. A wide variety of currencies are available for buying, selling, and trading, and the trading fees are competitive. Additionally, the company offers cryptocurrency credit cards, a decentralized exchange, a standalone crypto wallet, and an NFT marketplace. Staking your cryptocurrency or leaving it in your Crypto.com wallet for an extended length of time will earn you up to 14.5% interest. Staking cryptocurrency, however, carries the inherent risk of having your funds locked up for an indefinite amount of time.
Crypto.com is a viable option for anyone wishing to acquire and hold digital currencies such as Bitcoin and Ethereum. Trading fees are capped at 0.40% and decline with greater trading volume or larger CRO currency holdings. There are presently 250 supported currencies, multiple order types, and futures trading on Crypto.com.
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How does Crypto.com Work?
The original goal of what was to become Crypto.com, formerly known as Monaco Technologies, was to hasten the global adoption of cryptocurrency. What started off as a means of making cryptocurrency payments is now a major hub for the digital currency.
You can access Crypto.com from your computer or mobile device. After signing up and verifying your identity, you’ll have access to the exchange, the app, and the DeFi wallet. Sometimes it’s hard to tell the app from the exchange. Crypto.com is unique among cryptocurrency exchanges in that its app and web interfaces are completely independent of one another. The transfer of funds between the two is simple, but the interface is confusing. To get different perks, I had to stake CRO on both platforms, which is inconvenient.
The DeFi wallet is a separate offering. It’s a decentralized marketplace for buying and selling digital currency. If you go this way, you’ll have complete control over your keys and the option to expedite the swap for a greater charge.
If you stake CRO on either the Crypto.com app or the Crypto.com exchange and leave it alone for more than six months, you can earn interest and unlock advantages.
Pros & Cons
Pros
- Low fees
- Excellent for use with cryptocurrency transactions
- Simple to change money
- Cash-back credit card issued by Visa
- Earn interest on crypto
- Choice of Cryptocurrency
- Guaranteed safety
Cons
- Tough to navigate
- It’s not everywhere that you can find coins.
- Customer service that is poor
- Absence of educational resources
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The Cryptocurrencies You Can Trade With Crypto.com
More than 250 different currencies are available on Crypto.com for spot trade, while a smaller number are supported for staking. There are too many supported currencies to mention them all, but you can buy and sell the majority of the most actively traded currencies. (Check out all of the property that is for sale.)
Some of the most sought-after assets on the site are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Dogecoin (DOGE)
- Polkadot (DOT)
Crypto.com offers its own cryptocurrency, CRO. If you hold a big position in CRO, the firm rewards you with reduced trading fees, better staking interest rates, and higher credit card rewards.
Fees
Trades by new Crypto.com users with no CRO staking and a monthly trading volume of less than $250,000 will incur a fee of 0.075%. Commissions on trades are lower than those of some of the most prominent competitors in the market, but they are still not the lowest.
Without CRO staking, high-volume traders can get fees as low as 0.05% as a taker or zero as a maker. Discounted trading fees are available when you hold at least 1,000 CRO in your wallet. At that moment, traders with up to $250,000 in monthly volume pay 0.0728%. A larger wager results in a lower rate.
There are no additional per-trade fees, so Crypto.com is competitive when it comes to pricing.
When using the Crypto.com platform, your information is safe and secure. As a result, it is equipped with safety measures to safeguard users’ money at all times.
All cryptocurrency on the network is kept offline in secure “cold storage.” They also have the ability to incorporate the Ledger Vault, an institutional-grade custody solution, thanks to their cooperation with Ledger.
Crypto.com pursues a safe software development lifecycle wherein its peer-reviewed software combines static and dynamic source code analysis technologies. Password, biometric, phone, email, and authenticator verification are all part of their Multi-Factor Authentication (MFA) system.
To ensure the safety of its Blockchain infrastructure, it employs top security auditing organizations like Kudelski Security. Users should be aware, however, that the organization cannot guarantee their complete safety online because of external factors like hacking.
Further safety features consist of:
- Using key-generation and multi-signature technologies in addition to hardware security modules (MHS)
- Protect your cold storage facility from theft and accidental damage with the right insurance.
- Cold and hot wallets should have stringent controls over who can access cryptocurrency funds.
Conclusion
Users who wish to trade or stake cryptocurrency, as well as purchase or sell NFTs, will find the Crypto.com platform to be a useful tool. It’s easy, fast, and secure, making it one of the best platforms out there while offering competitive fees and discounts.
The wallet’s versatility in accommodating various crypto assets makes it a valuable addition to any digital holdings. If you’re on the fence about joining, our site’s comparison tool will help you choose the crypto exchange that’s right for you.
Download App for Android | Download App for iOS |
Compare to Other Exchanges
BTCC vs CRYPTO.COM
The table below compares BTCC vs CRYPTO.COM with regards to trading costs, withdrawal fees, deposit methods, supported cryptocurrencies, trading kinds, and more.
BTCC, a cryptocurrency exchange situated in Europe, was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. BTCC is a crypto exchange offering users liquid and low-fee futures trading of both cryptocurrencies and tokenized traditional financial instruments like stocks and commodities.
The information is updated once per month.
GO TO CRYPTO.COM |
||
---|---|---|
Supported Cryptos | 56 | 231 |
Exchange Fees | ||
Taker Fee | 0.06% | 0.075% |
Maker Fee | 0.06% | 0.075% |
Withdrawal Fee | 0.0004 | 0.0005 |
Deposit Methods | ||
Wire | × | √ |
Credit | √ | √ |
More | ||
US Allowed | √ | √ |
Offers Derivatives | × | × |
Active Since | 2011 | 2019 |
User Score |
4.33 from 87 votes
|
3.43 from 568 votes
|
Where to Trade Crypto Futures?
Now you can trade crypto futures on BTCC. BTCC, a cryptocurrency exchange situated in Europe, was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. BTCC is a crypto exchange offering users liquid and low-fee futures trading of both cryptocurrencies and tokenized traditional financial instruments like stocks and commodities.
BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to 10,055 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels. Find out what campaigns are available now: https://www.btcc.com/en-US/promotions
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Why Trade Crypto Futures on BTCC?
To trade Crypto futures, you can choose BTCC crypto exchange.BTCC, a cryptocurrency exchange situated in Europe, was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. Over 11 years of providing crypto futures trading services. 0 security incidents. Market-leading liquidity.
Traders may opt to trade on BTCC for a variety of reasons
- Secure:safe and secure operating history of 11 years. Safeguarding users’ assets with multi-risk management through the ups and downs of many market cycles
- Top Liquidity:With BTCC’s market-leading liquidity, users can place orders of any amount—whether it’s as small as 0.01 BTC or as large as 50 BTC—instantly on our platform.
- Innovative:Trade a wide variety of derivative products including perpetual futures and tokenized USDT-margined stocks and commodities futures, which are innovative products invented by BTCC.
- Flexible:Select your desired leverage from 1x to 150x. Go long or short on your favourite products with the leverage you want.
Now you can deposit, trade & earn and get up to 10,055 USDT in rewards on BTCC
Check for details:https://www.btcc.com/en-US/promotions/newcomer?pno=AB230615A00151
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FAQs
1.Is BTCC safe?
Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors. Measures consist of things like a robust verification process, two-factor authentication, etc. It is considered one of the most secure markets to buy and sell cryptocurrencies and other digital assets.
2.Is it possible for me to invest in BTCC?
Users are encouraged to check if the exchange delivers to their area. Investors in BTCC must be able to deal in US dollars.
3.Can I Trade BTCC in the U.S?
Yes, US-based investors can begin trading on BTCC and access the thriving crypto asset secondary market to buy, sell, and trade cryptocurrencies.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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