Crypto.com is one of the biggest cryptocurrency exchanges out there. The platform boasts a recognizable brand backed up by a bevy of features that together make up a comprehensive crypto ecosystem.

Crypto.com referral code

Want to get an extra $50 of $CRO token just for signing up to Crypto.com? Use our referral code: DEFIRATE or sign up through our referral link to get these bonuses at signup.

What is Crypto.com?

The Crypto.com ecosystem features an exchange, a Visa crypto card, a native token ($CRO), an NFT marketplace and much more. 

The exchange allows users to trade cryptocurrencies, while the NFT marketplace does the same for NFTs. The Visa card provides benefits for spending at different retailers and the $CRO token rounds out the ecosystem with rewards and discounts for most Crypto.com services.

Why do you need Crypto.com to buy Ethereum?

Cryptocurrency transactions happen through crypto exchanges. Since crypto tokens are not held by a central entity like a bank, exchanges like Crypto.com act as the intermediaries between sellers and buyers.

To buy Ethereum on Crypto.com, navigate to the ETH/USDT spot market and begin trading. USDT is a stablecoin that can be used to purchase ETH. In order to buy ETH on this spot market, you must have some USDT. ETH is also available to trade in pairs with the USDC stablecoin and Bitcoin.

How much does it cost to buy Ethereum on Crypto.com?

Remember, new Crypto.com users will get an extra $50 of $CRO token just for signing up to Crypto.com. Use our referral code: DEFIRATE or sign up through our referral link to get these bonuses at signup.

Trading Fees

The primary fee that crypto exchanges charge is a trading fee every time users execute trades. There are two types of trading fees: maker fees and taker fees.

Maker fees: Maker fees are paid by the “market makers” — these are traders who offer an asset that is not immediately sold and takes time to find a buyer. Market makers prioritize earning a spread on their trades, and they’re willing to wait a bit for their trades to complete. Maker fees are generally lower than taker fees.

Taker fees: Taker fees are paid by the “market takers” — traders who take liquidity away from an exchange by immediately completing a trade. Market takers are normally institutional buyers or anyone looking to prioritize buying an asset over getting the optimal price for it. Taker fees are generally higher than maker fees.

Crypto.com, like most other exchanges, provides fee discounts depending on transaction volume. The more you trade, the less you pay in fees.

Most exchanges will have different trading fees for their spot markets and their derivatives markets.

Below is the table for the Crypto.com spot markets trading fees:

Below is the table for the Crypto.com derivatives markets trading fees:

Fee Discounts and Other Fees

There are additional fee discounts for users who stake the Crypto.com $CRO token. It only takes 1,000 staked $CRO tokens to start earning fee discounts. Users who have over 50,000 $CRO tokens staked get their maker fees waived. 

Crypto.com also charges fees on debit/credit card purchases, and crypto and fiat withdrawals from the platform, as well as for inactivity on the Crypto.com card. The full list of fees is available on the Crypto.com website.

Crypto.com Pros and Cons

Pros

• Fully featured and wide-ranging ecosystem
• Elegant branding and household name-recognition
• Large spot market liquidity

Cons

• Limited US rollout
• Lack of robust crypto pairs

Pros

Wide-Ranging Ecosystem Offering Full Range of Features

There’s probably no crypto platform that offers more products than Crypto.com. Their one-stop-shop ecosystem includes a comprehensive trading exchange, an NFT Marketplace, a non-custodial wallet and a line-up of financial services including a Visa card, lines of credit, yield-bearing lending and a Crypto.com Pay option accepted at select merchants. A major benefit of having all of these services under one umbrella is that the platform-native $CRO token can be staked for rewards across each of these offerings.

Elegant Branding and Household Name-Recognition

Players in the crypto world face stiff competition for name recognition and the ability to grab the attention of traders. In this department, Crypto.com excels. Whether it’s their blockbuster ad featuring Matt Damon that has played at movie theaters and during the Superbowl, the platform-branded Crypto.com Arena in Los Angeles, or their official Title Partner status with Formula 1, Crypto.com has been masterful at creating a brand that draws many in. This is a benefit to users since the more popular a platform gets, the better rewards and incentives it can offer their traders.

Large Spot Market Liquidity

Crypto.com’s spot markets feature a wide selection of cryptocurrencies available to trade. The markets are split up into USDT, USDC, BTC and $CRO trading pairs. This consolidation is a departure from the methods of many other exchanges — which offer a much greater variety of trade pairs — but the approach helps consolidate liquidity to four sets of main markets, which, in turn, ensures traders get the best prices for their trades.

Cons

Limited US Rollout

While Crypto.com has made major marketing strides in the US, their American offerings continue to be sub-par compared to their international exchange. This is, in large part, due to regulatory burdens that make the US one of the most financially regulated jurisdictions in the world. The Crypto.com trading exchange is currently only available in the US to qualified institutional investors. The platform has a waitlist for everyone else and is still pending a full release of their US exchange.

Lack of Robust Crypto Pairs

On the flip-side of the “Large Spot Market Liquidity” pro we covered earlier, Crypto.com’s consolidation of trading pairs into USDC, USDT, BTC and $CRO markets may provide greater asset liquidity, but it also means some traders must take more steps to execute the trade they want. This is most tedious in ETH-pair markets, as these are some of the most traded assets in the crypto world. In order to execute a trade of ETH against an asset that is not one of the four mentioned earlier, traders will have to make multiple trades.

Trading Tools and Features

The Crypto.com ecosystem is one of the biggest self-contained libraries of platforms and services in crypto. Below, we cover their main services.

Exchange Features

The Crypto.com exchange has all the standard features of other exchanges including spot markets for trading crypto, derivatives markets for speculating on market prices, margin trading that offers 10x leverage on supported assets, and even trading bots that help users get the most out of their trades.

Syndicate – New and emerging crypto projects can partner with Crypto.com to get their project tokens listed on the Crypto.com Syndicate. Here, users will be able to purchase these project tokens at up to a 50% discount. This lets the new project get exposure in return for offering a discount to early adopters that are also members of the Crypto.com ecosystem. In order to participate in Syndicate offerings, you must have at least 5,000 $CRO staked. 

$CRO Token Features

Staking – The Crypto.com native $CRO token provides benefits across the entire Crypto.com ecosystem. Most benefits rely on a certain amount of the $CRO token being staked on the platform. “Staking” refers to the process of locking up a cryptocurrency (such as $CRO) for a period of time to receive rewards. 

Trading Arena – The platform holds trading competitions throughout the year through its Trading Arena feature. Winners may be selected based on trading volume or through random giveaways that reward users with a variety of benefits including $CRO and other token rewards, as well as real-life prizes like sports tickets and autographed jerseys. Keep an eye on the Trading Arena page to learn about new tournaments and check out previous ones.

Crypto.com Financial Services

Crypto.com card – A sleek, metal Visa card that is accepted at any traditional merchant, the Crypto.com card allows users to spend their Crypto.com balances (either fiat or crypto) to make everyday purchases. An added benefit is the cashback rewards (up to 5% on purchases) and perks for services like Spotify, Netflix, Prime, Expedia, Airbnb and others. The card has multiple tiers for its rewards program.

Crypto.com Pay – Users can use their Crypto.com $CRO balance to pay for purchases at participating retailers that accept Crypto Pay. The benefit here is that Crypto.com offers rewards that are similar to traditional “cashback” rewards. For example, food and beverage purchases offer a 5% $CRO reward that can be upgraded to 10% if you have over 10,000 $CRO tokens staked. Find out more on their site.

Crypto.com Earn – This program allows traders to earn yield on their crypto assets by locking them up for a period of time within the Crypto.com platform. The mechanism is similar to “staking”, however it works a little differently since users pre-select a length of time that their assets will be locked up, and the rewards depend on how much of the $CRO token users have staked (the more $CRO staked, the better rewards). Check out the Crypto.com Earn calculator for more details.

Crypto.com Credit – The platform offers a lending option where users can put up some amount of crypto as collateral and take out a loan for 50% of the value of their collateral. For example, a user that deposits $10,000 of Bitcoin can take out a $5,000 loan in Bitcoin. Interest rates are either 8% or 12% depending on the amount of $CRO staked, and users can repay whenever. Be aware that interest is being calculated any time there is an outstanding loan and if the value of your crypto collateral falls, you may experience a margin call. Find more information on their site.

Other Ecosystem Features

NFT Marketplace – With the explosion in popularity of NFTs, the Crypto.com ecosystem would not be complete without its own NFT marketplace. Users can buy, trade and sell NFTs from a wide variety of the most recognized crypto brands including Azuki, Yuga Labs and Loaded Lions, as well as traditional brands like Aston Martin and Snoop Dogg. To gain full access to the NFT marketplace, users must first verify their Crypto.com account. Details on this process can be found on their site.

Crypto.com Wallet – All crypto assets, including cryptocurrencies and NFTs, are held in crypto wallets. These wallets hold the private keys that authorize transactions on the blockchain. Anyone who has access to a wallet can use the funds inside that wallet however they like. Crypto.com provides their users with a fully-featured wallet that is non-custodial. This means that the end user has access to the private keys used to log into the wallet (rather than those keys being held by the platform). Help on getting started with the Crypto.com wallet can be found on their site.

Usability

The Crypto.com interface is as straightforward as it can be, given the vast number of services the platform offers. Menus are tight and set up in an intuitive way, though it may take new traders a bit of time to get used to the flow of the platform. 

The ecosystem app for Crypto.com is one of most fully-featured cryptocurrency apps out there and consistently ranks among the top financial applications on both the iOS and Android app stores. For mobile users, the Crypto.com app is a must-have.

How to Sign Up for Crypto.com

Step 1: Navigate to Crypto.com.

Step 2: Go to the Exchange section and then click Sign Up in the top right corner.

Step 3: Enter our referral code: DEFIRATE in the “Referral Code” field. Then, finish filling out your information and click “Create Account”.

How safe is your Ethereum with Crypto.com?

Crypto.com provides a number of safety features that make it one of the safest places to store your crypto:

• Cold Wallet Storage: The platform keeps all client funds in cold wallets (wallets not connected to the internet). This greatly reduces the risk of hacks and fund drains.
• Withdrawal Delays: Users who try to withdraw funds to a new wallet receive email alerts and experience a 24-hour fund delay. This ensures that if an account is compromised, the owner has ample time to react. 
• 24/7 Customer Support: Crypto.com’s support team is available around the clock to answer questions and investigate security matters. Users can rest assured that they are in good hands at all times.

To sum it up

Crypto.com is one of the biggest cryptocurrency platforms out there.  A large ecosystem makes them a formidable player in the space and a great choice for both seasoned and new traders alike.

Frequently asked questions