Crypto.com is a cryptocurrency service that allows you to buy and sell cryptos, make fiat deposits and withdrawals, and provides an incredibly large amount of features.
What is Crypto.com?
Crypto.com is a cryptocurrency company that offers both a classic app for day-to-day use and mainstream users and an exchange platform allowing more advanced trading features. Crypto.com offers pretty good services, is easy to use, and provides good support.
What are the key features of Crypto.com?
- Fine-tuned features: Lots of time has been dedicated to making the application very easy to use and nice-looking, and you can do everything in only a few steps and seconds. To buy or sell cryptocurrencies, you will be able to make deposits and withdrawals using fiat currencies (to and from your bank account, over 20 currencies are supported). Once you buy crypto tokens, you will be able to swap from one currency to another or withdraw it to an external wallet, and more. The platform token is named CRO, and it will allow you to get more services and bonuses.
- Additional features: More specific features are helpful when you get used to the services, including the ability to track tokens' prices, set up alerts when a given price is reached, or automatic buy and sell orders depending on the price (that is a perfect feature for a non-exchange app), recurring buy to setup automatic crypto purchases (weekly, bi-weekly, monthly, etc.).
- Many assets: Crypto.com supports a massive amount of over 250 assets and keeps adding new ones every day. Of course, you will find all the most popular ones, including BTC, ETH, LTC, BNB, CRO, USDT, USDC, and plenty of others.
- Crypto.com Earn: This is a lending service. The principle is simple: you can make more money with your crypto. You can lock a given amount of crypto for a fixed period of time, and you will get more tokens (% may vary over time). You can even use stablecoins to minimize price risks. Additionally, you can boost your reward rates if you also stake CRO tokens.
- Crypto.com Credits: This is a borrowing service. You will be able to borrow an amount of token by blocking an amount of one another. The amount of tokens you block is called the collateral, and its value is always higher than the amount of the tokens you will receive (ex: I will be able to borrow 500 USDC for an amount of BTC worth 1000$). The reason is that if the collateral price goes down, it will be liquidated to make sure I reimbursed the dept. If you did not get liquidated and you paid the amount of money you borrowed, you will be able to get your collateral back.
- Crypto.com Pay: Crypto.com Pay is a feature for both merchants and clients as the merchants will be able to integrate Crypto.com Pay as a payment method, and the client to pay directly without having to withdraw their crypto tokens. It truly eases the purchase process.
- NFT: An NFT marketplace is available from the application where you can consult, buy, and sell NFTs. The collection's catalog is frequently updated.
- DeFi: Using your DeFi wallet, you can have complete control over your cryptos and keys, easily manage hundreds of coins, easily import existing wallets (12, 18, 24 words recovery phrases are supported), and send crypto based on your preferred speed and network fees, earn interest on over 35 tokens with Yearn Earn V2, Compound, Aave, Crypto.org Chain Staking, Cosmos Staking, and also swap, and farm DeFi tokens.
- Visa card: Crypto.com also provides debit cards categorized in several tiers. You will have to stake some CRO tokens for a period of time before ordering the card (except for the cheapest one). You will then be able to convert your crypto tokens into your fiat currencies, make day-to-day payments (like any other debit card), and withdraw money from ATMs. Additionally, depending on your card tier and whether you still have CRO tokens staked, you will get additional advantages like airport lounge access and benefits and reimbursement on partner platforms like Spotify, Netflix, Amazon Prime, Expedia, Airbnb, etc.
- Customer service: Customer service is included, and you will be able to ask questions and report issues at any time right from the app. A dedicated agent will answer you, and they usually respond pretty quickly.
- Security: Despite its apparent simplicity, Crypto.com offers a secured environment where you need a password to get access to your app (you will need to specify whenever the app is paused), and you will also be able to set up 2FA to strengthen your account security processes as buy, sell, withdraw operations will requite it. Moreover, whenever essential changes are operated on the account, you will be asked to prove you are the account owner.
How to use Crypto.com?
- Once downloaded and installed, you can log in to the application or create an account.
- If you are a new user, you will need to provide a valid identity and proof of residency documents (part of the mandatory Know Your Customer process, also called KYC). It may take a few days before your documents are reviewed and your account is created.
- Once opened, the app will guide you to get used to it, but you can also consult online resources.
How to install Crypto.com on your PC?
We provide you with both the Crypto.com APK file and the BlueStacks emulator that will allow you to run the application on your PC:
- First, download and unzip the zip file we provide you at the top of the page; you will get both the emulator .exe file and the Crypto.com .apk file.
- Follow the installation instructions you will find with the application file.
Is it free?
Yes, it is a totally free app that will charge fees for most of your transactions depending on several factors. Don't worry as you will be informed of the fees before validating any operation.
Is it safe?
Yes, it is safe, but you should be aware that nothing is 100% bulletproof, and using cryptocurrency services exposes you to volatility, technical, and systemic risks.
- The funds of US residents (in USD) are covered by FDIC insurance.
- When it comes to internal security, Crypto.com is secured with bank-like security processes, including SOC2 Type 1 Compliance, PCI:DSS 3.2.1 Level 1 compliance, ISO/IEC 27001:2013, ISO/IEC 27701:2019, ISO 22301:2019, Singapore Data Protection Trust Mark.
- Crypto.com screens all the deposits for KYC/AML/ATF compliance (meaning that the platform verifies all the deposits for fraud and money laundering). Other security procedures include screening for suspicious transactions and velocity, manual approval for transactions exceeding a certain amount, and controls on access rights to funds. You can learn more about the privacy policy of Crypto.com on the official website.