Crypto.com; Rachel Mendelson/Insider
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Overall rating
| Feature | Insider rating (out of 5) |
| Fees | 4.00 |
| Investment selection | 5.00 |
| Platform navigability | 4.00 |
| Customer service | 2.50 |
| Trustworthiness | N/A* |
| Educational resources/research | 4.00 |
| Overall score | 3.90 |
*Personal Finance Insider normally includes an investment platform’s Better Business Bureau rating in this row, but Stock Rover doesn’t have a BBB profile at this time.
Is Crypto.com right for you?
| Crypto.com Pros | Crypto.com Cons |
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Headquartered in Hong Kong and founded in 2016, Crypto.com is a global cryptocurrency exchange serving more than 10 million traders in 90+ countries.
It offers traders a vast suite of services, including crypto staking rewards, Visa card perks, decentralized finance (DeFi) products, non-fungible token (NFT) trading, and more. Plus, it offers a Crypto.com University portal that gives you access to several educational guides.
Crypto.com is available on iOS and Android devices.
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Crypto.com |
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| Editor’s rating | 3.90 out of 5 |
| Fees | Maker/taker fees range from 0.04% – 0.40%; 0% credit/debit card purchases for first 30 days of opening account |
| Account minimum | $1 |
| Promotion | Get up to $2,000 for every friend you refer. |
Not sure if Crypto.com is right for you? Keep reading to see how it stacks up against other crypto platforms.
How does Crypto.com compare?
|
Crypto.com |
Abra |
Voyager |
|
Min. Investment $1 |
Min. Investment $5 minimum deposit; minimums vary per cryptocurrency |
Min. Investment $10 |
|
Fees Maker/taker fees range from 0.04 – 0.40%; 0% credit/debit card purchases for first 30 days of opening account |
Fees 0% (spread fee built into exchange rates) |
Fees 0% (Voyager earns money if it saves you money by executing your order at a better price) |
|
Investment choices Cryptocurrencies |
Investment choices Cryptocurrencies |
Investment choices Cryptocurrencies |
Crypto.com, Abra, and Voyager all offer low fees, large crypto selections, and interest rewards. But the three platforms do differ in terms of crypto products, account features, and available cryptocurrencies.
Voyager offers 60+ cryptocurrencies, but the US version of Crypto.com offers well over 100 assets. Abra beats both exchanges with 100+ cryptocurrencies. When it comes to crypto loans, though, Crypto.com and Abra might be the better fit.
Ways to invest with Crypto.com
Cryptocurrencies
In addition, the Crypto.com Visa Card — which doesn’t have any annual fees — lets you access and spend your crypto on goods and services (you can also earn up to 8% cash back with this prepaid card). Learn more about the Visa Card here.
But trading fees still apply. Crypto.com users a maker/taker fee schedule (maker fees apply to trades that aren’t matched immediately with someone else’s order, while taker fees apply to orders that match immediately with other orders on the order book).
Crypto.com calculates these fees based on your 30-day trading volume (how much you spend on trades each month). Maker fees start at 0.40% (for balances between $0 and $25,000) and gradually decrease, ending at 0.04% (for balances above $200 million). Taker fees also start at 0.40%, but they end at 0.1%.
However, you can reduce these fees by at least 10% if you stake a minimum amount of 5000 Crypto.com coins (CROs). See the exchange’s complete fee schedule here.
For those with advanced trading needs, Crypto.com also offers a wide range of DeFi (DeFi relies on financial transactions that remove centralized parties like banks, financial institutions, and other third parties) and blockchain products. These include a non-custodial DeFi wallet for secure crypto storage, interest-earning perks, token swapping services, public blockchain services, and payment/merchant options for businesses.
Staking
With
This product is currently available for more than 40 cryptocurrencies and stablecoins, including bitcoin, ethereum, USD coin, and paxos standard. Crypto.com gives you a lot of freedom when it comes to deposit amounts (unless you stake the Crypto.com coin (CRO), which gives you three choices: $400 or less, $4,000, or $40,000 or more).
You can stake each asset for either one month, three months, or a flexible term. And the exchange’s crypto rewards calculator makes it easy to see how much you can earn. For instance, as of February, 2022, if you were to stake ethereum for a one-month deposit term and $1,200 deposit amount, you’d earn $66 per year. See more on Crypto.com Earn here.
Crypto.com NFT
The exchange’s new NFT platform provides a space for transactions and information on all things NFTs. You can not only buy or sell these tokens, but you can also subscribe to Crypto.com’s newsletter to discover upcoming launches of collectibles.
You can also view different creators and their associated collectibles. Read more on the Crypto.com NFT platform here.
Is Crypto.com trustworthy?
Personal Finance Insider assesses company trustworthiness by reviewing each investment platform’s Better Business Bureau rating. However, Crypto.com doesn’t have a BBB profile.
But even if the exchange had a profile, it’s still important to do your own due diligence when considering investing apps. The bureau’s ratings don’t guarantee a company’s reliability or performance, so you’ll want to make sure you’ve done your own research before setting up an account.
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