If you’re in search of a wide variety of cryptocurrencies and low fees, consider adding Crypto.com to your list of potential crypto exchanges. With over 250 coins available, Crypto.com offers access to popular cryptocurrencies as well as more obscure options. The exchange boasts some of the lowest fees in the industry, starting at just 0.075 percent, with volume-based discounts for high-volume traders.
For buy-and-hold investors, Crypto.com offers staking rewards on over 20 cryptocurrencies, allowing you to earn income while holding onto your investments. However, the exchange falls short in terms of customer support and educational resources, which may detract from its overall appeal.
If you’re interested in trading traditional securities alongside cryptocurrencies, platforms like Robinhood and Webull (via Webull Pay) also offer major crypto options. Alternatively, Coinbase is a solid choice for a wide selection of cryptocurrencies.
Highlights
- Low trading fees
- Large cryptocurrency selection
- Staking on more than 20 coins
Crypto.com at a glance
| Category | Crypto.com |
|---|---|
| Minimum balance: | None, but $1 trade minimum and $20 minimum bank transfer |
| Securities tradable: | More than 250 cryptocurrencies |
| Cost per trade: |
|
| Customer service: | No phone service, only self-help, email and chat |
| Mobile app: | The Crypto.com mobile app is available on the Apple App Store and Google Play Store |
Pros: Where Crypto.com stands out
Cryptocurrency selection
Crypto.com sets itself apart by offering over 250 cryptocurrencies, making it one of the top choices in the industry. While other platforms focus on popular coins like Bitcoin and Ethereum, Crypto.com also includes more niche options such as Helium. Keep in mind that not all coins are available in every state, so check availability before starting. Additionally, Coinbase offers a wide range of cryptocurrencies, with more than 2420 coins available.
Trading fees
Crypto.com has significantly reduced its trading fees, now starting at just 0.075 percent, making it a cost-effective option. The platform uses a maker-taker pricing model that rewards liquidity providers and charges slightly higher fees to liquidity takers based on trading volumes. Discounts are available for staking CRO, Crypto.com’s cryptocurrency.
No fees on bank transfers
Crypto.com does not charge fees for bank transfers, making it a convenient funding option for your account. ACH transfers typically take three to five business days with a $20 minimum and $1 million daily limit, while wire transfers take one to two business days with a $1,000 minimum per transaction.
Staking
Crypto.com allows customers to stake cryptocurrencies and earn rewards, with potential returns of up to 19 percent per year. However, staking carries risks and does not offer the same protections as traditional bank accounts.
Cons: Where Crypto.com could improve
Educational material
Crypto.com lacks comprehensive educational resources for novice traders, with limited information available beyond basic app functions. Investing in educational content could help traders better understand the risks of crypto trading.
Customer service
Crypto.com’s customer service does not include phone support, relying instead on online help resources. Improvements in customer support could enhance the overall user experience.
For any questions, customers can utilize the email and chat options within the app. However, some customers prefer speaking with a live person over the phone.
Trading platform
While Crypto.com offers a wide range of cryptocurrencies, their trading platform is quite basic. This may not meet the needs of advanced or professional traders, who might prefer platforms offered by exchanges like Gemini with its ActiveTrader feature. The platform provides access to market data and basic charts, but falls short compared to other exchanges.
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