Investigating the Security and Authenticity of Crypto.com Exchange in 2025: A Look at Its Reliability for Trading Purposes
Rewritten Article:
Have you ever heard of Crypto.com? It's a crypto trading platform where you can buy, sell, and trade over 350 cryptocurrencies, baby! From Bitcoin to Ethereum, it's got 'em all. But that ain't all, my friend. With Crypto.com, you can also stake your crypto, earn rewards, and use the Crypto.com Visa Card for everyday purchases.
The app's a breeze to navigate, even for newbie crypters, and it's packed with powerful security features to keep your assets safe and sound. Crypto.com supports over 100 countries and offers a range of tools, including the NFT marketplace and DeFi wallet, to elevate your crypto game.
In this guide, we're spilling the beans on what Crypto.com is, whether it charges fees, and how to use it. And hey, we'll even chat about if it's legit or not!
Let's dive right in!
Launched Date
What the Heck is Crypto.com?
2016
Crypto.com is a crypto exchange that lets you buy, sell, and trade over 350 crypto assets such as Bitcoin, Ethereum, and more. With a user base of millions worldwide, it's the place to be for crypto enthusiasts! In addition to trading, the platform offers the mobile app, a desktop exchange, a DeFi wallet for storing your crypto assets, an NFT marketplace, and the possibility to make direct payments using crypto.
But wait, it gets better! Crypto.com also offers staking and rewards of up to 16.64% annually, and a prepaid Visa card to spend your crypto on everyday purchases, earning cashback rewards of up to 8%.
Founders
Crypto.com has top-notch security measures in place, with a Zero Trust - Defense in Depth strategy across its systems and platforms. They've partnered with respected security consulting and auditing companies like Kudelski Security to stress test and audit their core blockchain systems. And if that's not enough, funds held in fiat currency are placed in custodian bank accounts regulated by the FDIC, meaning they're nicely backed up and accessible to users up to an insurance coverage of $250,000 in USD.
Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo
Crypto.com has also ventured into partnerships with brands like Shopify and landed naming rights for the Crypto.com Arena in Los Angeles. They've partnered with sports teams and celebrities to boost their brand.
So, Does Crypto.com Charge Fees?
Headquarters
You bet your crypto they do! But don't worry, they're reasonable compared to other platforms. Spot trading fees are 0.25% for makers and 0.50% for takers for low trading volumes. Reduced fees are available with CRO staking.
Singapore
Crypto.com has fee structures for other services as well, like futures trading, margin fees, and Visa card fees. It's best to check their website for the latest fee details.
Alright, How Do I Use Crypto.com?
Legal Entity
To get started with Crypto.com, sign up for an account, complete KYC verification, deposit funds (fiat or crypto), and you're ready to trade! Here's a quick step-by-step guide:
Foris DAX Asia Pte. Ltd.
Step 1: Create a Crypto.com Account
Download the Crypto.com app from their website or the app store, open it, and tap "Sign Up." Enter your email and create a secure password.
Supported Cryptos
Step 2: Complete KYC Verification
350+ (Bitcoin, Ethereum, etc.)
Upload a government-issued ID (passport, national ID, or driver's license) and take a selfie to verify your identity. Approval usually takes a few hours, but it might take longer.
Step 3: Deposit Funds
Supported Countries
Link a bank account or credit/debit card for fiat currency deposits. For crypto, deposit it into your Crypto.com wallet using the unique wallet address.
100+ (e.g., US, UK, Australia, Japan)
Step 4: Start Trading
Open the app, navigate to "Trade," tap "Buy," select the cryptocurrency you want to trade, and confirm the transaction.
U.S. Availability
Read on to learn more about trading on Crypto.com and how to withdraw your funds.
Yes (except New York)
But Wait, Is Crypto.com Safe?
Yes, counts as a yes. Crypto.com employs cold storage for funds, two-factor authentication, anti-phishing codes, regulated custodian bank accounts, a secure software development lifecycle, certifications and assessments, and a bug bounty program.
Trading Fees
So, no worries there! Crypto.com is a safe and legit platform for your crypto trading needs. But remember, as with any investment, there's always a risk, so do your homework before diving in.
Spot: 0.25% Maker, 0.50% Taker; Reduced with CRO staking
Now that you're all set, why not sign up for a Crypto.com account today and claim your $50 welcome bonus? Happy trading!
Oh, and if you're interested, I can spill the beans on who owns Crypto.com, the pros and cons, and the countries it's available in. Just ask!
Key Features
Sources: Crypto.com, Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Regulatory DataCorp (RDC).
Visa Card, DeFi Wallet, NFT Marketplace, Trading Bots
User Score: 9.5Exclusive Benefits: $50 Welcome Bonus, Trading Fee RebatesOpen Account Now
Who Owns Crypto.com?
Mobile App
Crypto.com is owned by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. They established the company back in 2016 and are based in Singapore. As a private entity, ownership details and shares allocated to founders and investors are not publicly available.
Yes (iOS and Android)
Pros and Cons of Crypto.com
Here are some pros and cons of using the Crypto.com exchange:
Staking Rewards
Pros:
Up to 16.64% annually
- Wide variety of cryptocurrencies
- User-friendly app
- Good customer support
- Comprehensive security measures
- Additional features, such as the Visa card and crypto staking
Cons:
Security Measures
- Higher trading fees compared to some competitors
- Geographical restrictions
2FA, Cold Storage, FDIC Insurance (fiat), Bug Bounty Program
Crypto.com Supported Countries
Crypto.com is available in over 100 countries worldwide. Some of the supported countries include the United States, Canada, the United Kingdom, Australia, Germany, France, Singapore, Brazil, Japan, and South Korea. However, access to certain services, such as the Visa card and leverage trading, may be limited in some countries.
Fiat Deposit Methods
The Crypto.com Visa card is currently available in Singapore and the United States but will be rolled out in the future in other regions, including the European Union, Canada, Australia, and Brazil.
ACH, SEPA, SWIFT, Apple Pay, Google Pay, and more
Is Crypto.com Available in the U.S.?
Yes, Crypto.com is available in the United States, with the mobile app available in 49 states and U.S. territories, except New York. American users can access most services within the Crypto.com app, enabling them to buy, sell, and store their cryptocurrencies.
However, please note that the Crypto.com Exchange is not available to U.S. citizens.
Is Crypto.com Available in New York?
No, Crypto.com is not available in New York due to the state's strict regulations regarding cryptocurrency platforms. Crypto.com has not acquired the necessary BitLicense issued by the New York State Department of Financial Services (NYDFS), putting it under restrictions within the state.
Best Features of Crypto.com
Here are some of the top features of Crypto.com:
- Crypto.com DeFi Wallet
The Crypto.com wallet allows you to explore DeFi safely and manage your crypto easily. It offers support for over 1000 tokens across leading blockchains, including Ethereum, Cronos, and Cosmos, with an in-app bridging facility to migrate between chains.
- NFT Marketplace
Crypto.com's NFT marketplace is a great place to buy, sell, and trade unique digital assets such as art, music, and collectibles. You can use cryptocurrencies to make transactions easily.
- Crypto.com App
The Crypto.com App is designed to be user-friendly, making it easy for anyone to manage their crypto portfolio. The app allows you to buy, sell, and send various cryptocurrencies, track portfolios, and set price alerts.
- Trading Bots
Trading Bots by Crypto.com offer automated trading based on predetermined strategies. You can set up a bot to invest a fixed amount of money in crypto at regular intervals using the DCA method or use the Grid Trading Bot to take advantage of minute price fluctuations. Other bots supported include TWAP and arbitrage bots.
- Crypto.com is a crypto exchange that enables buying, selling, and trading over 350 cryptocurrencies, including Bitcoin and Ethereum.
- The platform also offers a mobile app, desktop exchange, DeFi wallet, NFT marketplace, and the possibility for direct payments using crypto.
- Crypto.com offers staking and rewards of up to 16.64% annually, and a prepaid Visa card for spending crypto on everyday purchases, earning cashback rewards of up to 8%.
- Crypto.com employs top-notch security measures, including a Zero Trust - Defense in Depth strategy, partnerships with security consulting and auditing companies, and regulated custodian bank accounts with FDIC insurance.
- Founded in 2016, Crypto.com is owned by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo.
- Crypto.com has also ventured into partnerships with brands like Shopify and secured naming rights for the Crypto.com Arena in Los Angeles.
- Spot trading fees on Crypto.com are 0.25% for makers and 0.50% for takers for low trading volumes, with reduced fees available with CRO staking.
- To use Crypto.com, users must sign up for an account, complete KYC verification, deposit funds (fiat or crypto), and download the app.
- Crypto.com is available in over 100 countries, including the United States, Canada, the United Kingdom, Australia, Germany, France, Singapore, Brazil, Japan, and South Korea.
- The Crypto.com Visa card is currently available in Singapore and the United States but will be rolled out in the future in other regions.
- In addition to trading, Crypto.com also supports ICOs and has its own tokens, such as CRO for staking rewards.
- The NFT marketplace on Crypto.com allows users to buy, sell, and trade unique digital assets like art, music, and collectibles.
- Crypto.com offers traders the opportunity to swap between different coins, including altcoins and tokens.
- Security measures on Crypto.com include cold storage for funds, two-factor authentication, anti-phishing codes, and a bug bounty program.
- The Crypto.com app also provides tools for navigating the different intervals of finance, such as investing in DeFi, cryptocurrency markets, and even traditional finance through partnerships with brands like Visa.
