Сrypto.com Review 2024

Crypto.com Exchange is a centralized cryptocurrency exchange founded in 2019. Its country of registration – Malta. On 28 February 2024 the number of trading pairs available for trading: 533. Crypto.com Exchange last 24-hour trading volume is $1,195,120,490. It changes to +3.98% compared to the previous 24-hour period. BTC/USDT is the most popular trading pair, its trading volume is $447,001,443 in the last 24 hours. The exchange has 10 of 10 possible reliability scores and provides clients with access to fiat currencies.
Volume (24h)
$1,195,120,490+3.98% ↑
Pairs
533
Rating
10 / 10
Country of registration
Malta
Fiat
TOP 10 pairs by volume
Pair
Price
24h Volume
Spread
Price change in 24h
Pair
BTC/USDT
Price
$59,398.00
24h Volume
$447,001,443
Spread
+0.01%
Price change in 24h
+$2,874.00 ↑ / +5.08%
Pair
BTC/USD
Price
$59,398.00
24h Volume
$444,925,212
Spread
+0.01%
Price change in 24h
+$2,874.00 ↑ / +5.08%
Pair
ETH/USD
Price
$3,347.95
24h Volume
$340,411,661
Spread
+0.01%
Price change in 24h
+$88.48 ↑ / +2.71%
Pair
ETH/USDT
Price
$3,347.95
24h Volume
$233,116,661
Spread
+0.01%
Price change in 24h
+$88.48 ↑ / +2.71%
Pair
DOGE/USDT
Price
$0.09963
24h Volume
$6,641,597
Spread
+0.03%
Price change in 24h
+$0.0034780 ↑ / +3.62%
Pair
XRP/USD
Price
$0.5880
24h Volume
$5,583,246
Spread
+0.04%
Price change in 24h
+$0.028141 ↑ / +5.03%
Pair
SOL/USD
Price
$113.78
24h Volume
$4,957,462
Spread
+0.08%
Price change in 24h
+$2.260 ↑ / +2.03%
Pair
CRO/USD
Price
$0.10495
24h Volume
$4,618,905
Spread
+0.02%
Price change in 24h
+$0.0024570 ↑ / +2.40%
Pair
DOGE/USD
Price
$0.09963
24h Volume
$4,464,751
Spread
+0.11%
Price change in 24h
+$0.0034780 ↑ / +3.62%
Pair
USDT/USD
Price
$1.001
24h Volume
$4,311,514
Spread
+0.01%
Price change in 24h
+$0.0010000 ↑ / +0.10%

    Crypto.com is a trading platform that was built with an ambitious mission to accelerate the world’s transition to cryptocurrency.

    Overview of crypto exchange
    Crypto.com homepage

    The platform offers deep liquidity trading on the Spot, Derivatives and OTC markets, with a processing speed of 2.7 million transactions per second. Also trading options for advanced traders are available: margin trading with 10x leverage, derivatives trading with 50x leverage, DeFi services (wallet, depositing, swap), business payments, NFT.

    In addition to these features, the crypto.com exchange offers users prepaid cards Visa Crypto.com, which can be used to pay at 40 million places around the world, retail stores and ATMs with Visa logos. The card also provides up to 8% cashback on purchases on popular services (Netflix, Spotify and Prime).

    In the crypto community, the site has a reputation of a good and reliable partner for working with cryptocurrencies. In a new review from our experts, you will find out about every feature on crypto.com: registration, available products, trading conditions, additional services, etc.

    Registration and account verification

    Let’s start with registration. Step by step instructions on how to create an account on crypto.com is below:

    1. Follow the link https://crypto.com/exchange and select Sign up (in upper right corner);
    2. Start registration on crypto.com
      How to start registration on crypto.com
    3. Provide service with necessary information: first and last name, date of birth (users’ age must be over 18), nationality, email address to receive a confirmation link;
    4. Create password, accept terms of the trading platform and click Create account;
    5. crypto.com registration form
      Crypto.com registration form
    6. To verify the email, you will need to enter one-time password (one-time password – OTP), which will be sent to the specified email address;
    7. Enter a one-time password on the exchange website;
    8. One-time password for email verification
      One-time password for email verification
    9. The last registration step is phone number verification. Select the code of your country and enter the phone number, after which you will receive a SMS message with the code;
    10. Enter the code in the appropriate field and click Submit;
      Phone number verification
      Phone number verification
    11. Enter the code received to the specified number → Verify;
      Enter the code
      Enter the code
    12. Done: You will receive a message that the registration process was successful.
      Successful registration message
      Successful registration message

    After registration, you need to verify your identity. To do this, click Continue and proceed to enter data for verification. You will need to provide personal information (first and last name), pass ID-verification and take a selfie.

    How to verify crypto.com
    How to get verified on crypto.com

    After successful verification, a new user of the exchange gets access to all the functions of the exchange and increased withdrawal limit.

    Account protection

    After verification, you need to increase the security level of your account. To do this, enable two-factor authentication (2 FA):

    1. In your personal account, hover pointer over the profile icon and select the Security section;
      Security settings
      Security settings
    2. Select the 2-Factor Authentication tab in the security settings, and move the slider to the right;
      Enable two-factor authentication
      Enable two-factor authentication
    3. Install the Google Authenticator app on your mobile device;
    4. Scan the code using the application or enter it manually;
    5. Enter 6-digit 2FA code in the corresponding line – two-factor authentication is activated.
      2FA activation
      2FA activation

    The account is registered. What’s next?

    After registering, verifying and setting two-factor authentication, you can fully use the exchange. To start trading on the exchange, you need to deposit funds. Let’s analyze what methods of depositing and withdrawing funds are available on Crypto.com.

    Available deposit and withdrawal methods

    To top up your account:

    1. In your personal account, select the Wallet tab and in the drop-down window select the wallet type you want to deposit: Spot Wallet, Margin Wallet, Derivatives Wallet;
    2. To trade on the spot market, select Spot Wallet;
    3. Specify the coin to be depositing, for example, USDT;
    4. Click Deposit in the same line;
      USDT deposit
      Depositing in USDT
    5. Specify transfer network in the Deposit USDT window, for example, ERC20;
    6. Copy deposit address and paste it into the wallet from where we transfer funds;
      USDT deposit
      USDT deposit

    Currently, there is only one way to deposit and withdraw funds – cryptocurrencies. Deposits and withdrawals in fiat are not yet supported on the exchange.

    Trading conditions and instruments available on crypto.com

    The Crypto.com exchange provides access to different markets: spot, derivatives, over-the-counter (OTC). Let’s take a closer look at each tool.

    Spot market

    Trading on Crypto.com is possible only in Crypto/Crypto pairs. Fiat currencies are not yet supported by the exchange.

    To go to the trading terminal, select the Spot section in then specify which market we plan to trade on in the drop-down list: Spot or Margin.

    The terminal for trading on the Crypto.com spot market consists of standard sections:

    1. Currency pair selection;
    2. Chart;
    3. Book of orders;
    4. Form for creating a buy/sell order;
    5. History.
    Terminal for trading on the spot market Crypto.com
    Terminal for trading on the Crypto.com spot market

    Derivatives

    To trade on the derivatives market, select the Derivatives section in the menu. Then specify the contract type: Perpetual or Futures.

    To get a derivatives wallet:

    1. Log into your account and click Wallet → Derivatives Wallet;
    2. Read the terms and conditions of trading perpetual contracts and click Open Derivatives Wallet;
      How to get a wallet for trading derivatives
      How to get a derivatives wallet
    3. Accept the conditions for creating an account for trading derivatives, click I understand;
      Conditions for creating a derivatives trading account
      Conditions for creating a derivatives trading account
    After that, your application for a derivatives wallet will be reviewed and if it will be accepted, you can start trading.

    To start trading derivatives on Crypto.com, you must first transfer funds from your spot wallet to a derivatives wallet.

    For this:

    1. In the Derivatives Wallet tab, select an asset and click Transfer;
      Transfer assets from spot wallet to derivatives wallet
      Moving assets from a spot wallet to a derivatives wallet
    2. Specify amount of currency to transfer in the next opened window or click Transfer all to transfer the entire amount of crypto.
      Transfer USDT between wallets
      Transfer USDT between wallets

    OTC

    Crypto.com opens over-the-counter trading service: select the tab from the menu OTC.

    OTC portal
    OTC Portal

    OTC is an abbreviation for transactions without the participation of an exchange. This trading scheme allows traders to carry out large trades at a fixed price, which reduces costs and increases trading efficiency. In addition, transactions in the OTC market are faster and trading orders do not appear in the order book, which provides a higher level of privacy.

    Only verified exchange users can trade on the OTC market.

    Commissions and limits

    • There are no commissions and limits for depositing on Crypto.com.
    • Withdrawal from an exchange is an intranet transaction of transferring cryptocurrency to an external address (usually a wallet or another exchange). Therefore, as is the case with all transactions on the blockchain, they are charged a fee. Its size depends on the withdrawal currency and network. For example, Bitcoin withdrawal fee: 0.0001 BTC when transacting on the BEP20 network and 0.0005 BTC when using the BTC.
    • Trading commissions: 0.4% for makers and takers of the 1st level (exhange has 9 commission levels, which are formed depending on the trader’s trading volume over the past 30 days).
    Crypto trading commission levels. com
    Crypto.com trading commission levels
    You can read more about trading fees and withdrawal fees on the website of the exchange in the section Fees and Limits.

    How to trade on crypto.com

    Above, we reviewed the sections of the Crypto.com trading interface and now we will demonstrate how to use it to buy or sell an asset on the exchange.

    Instructions on how to create an order to buy or sell on the spot market are below:

    1. In your personal account, select the Spot section and click Spot in the drop-down list;
    2. In the upper left corner of the trading terminal, choose the currency pair, for example, BTC/USDT;
    3. Fill out the form for creating an order to buy (Buy) or sell (Sell) to the right of the chart and order book;
    4. Specify the order type, for example, to buy/sell at the current market price, select Market;
    5. Enter the required data and click Buy BTC (or Sell BTC if you filled out the sell form).
    BTC/USDT trading in the spot market
    BTC/USDT spot trading

    Additional services of crypto.com exchange

    In addition to the features above, the exchange offers users bonuses in the form of access to NFTs and passive earning methods (landing, staking).

    NFT

    Crypto.com NFT is a carefully selected NFT marketplace where you can find exclusive digital items collectibles in the form of non-fungible tokens.

    NFT Marketplace
    NFT Marketplace

    Crypto Earn

    The exchange offers several ways of passive income on cryptocurrency: Crypto.com Lending and Stake and Earn.

    In the case of a Lending, you loan the cryptocurrency to the exchange and earn currency for it. In fact, this is an analogue of a bank deposit, only cryptocurrencies are used instead of fiat money.

    Staking allows you to earn daily % by simply holding funds in your exchange account.

    Mobile Application

    The Crypto.com team is actively working on the development of the mobile version of the exchange in order to provide users with the most convenient way to buy, sell and exchange cryptocurrencies.

    The Crypto.com mobile app is available for download at exchange website.

    Reviews

    By reading Crypto.com reviews on Trustpilot.com or on another service, it is important not to look at the overall rating, but to read the reviews themselves directly. Often their content has nothing to do with the exchange or is an emotional outburst. So if the feedback is positive or negative, they should be meaningful: what exactly did you like/dislike, why, how the situation was resolved, and so on.

    FAQ

    What is crypto.com?
    It is a platform for trading cryptocurrencies in the spot and derivatives markets, with support for margin trading and OTC transactions.

    The mission of Crypto.com is to accelerate the transition of the world to crypto.

    Can crypto.com be trusted?
    Like any trading platform, the crypto.com exchange is subject to hacks by cyber scammers. And, unfortunately, in the history of the exchange there were cases of successful attacks. So, at the very beginning of 2022, hackers stole 400 users accounts, which led to losses of about $15 million. According to the head of Crypto.com, Chris Marszalek, the victims were fully compensated for their financial losses.
    How to trade on crypto.com?
    You can trade using personal account. Select the Spot section for trading on the spot market (for margin trading, select Margin in the drop-down list) or Derivatives to access the derivatives market.

    Read more in the section Trading conditions and instruments available on crypto.com.

    How to make a deposit on the crypto.com exchange?
    To make a deposit on an exchange, select the Wallet tab and specify the type of wallet to deposit: Spot Wallet, Margin Wallet or Derivatives Wallet. Next, select the asset to replenish and click Deposit on the contrary.

    Read more in Available deposit and withdrawal methods.

    How to buy on crypto.com?
    To buy or sell an asset on the Crypto.com spot market, select Spot section from the menu and click Spot in the drop-down list. Specify the pair in the trading terminal and fill out the sell/buy form, choosing the order type for this deal.

    Read more in the section How to trade on crypto.com.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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