Crypto.com Visa Review
Crypto.com Website Review
- crypto.com is one of the largest cryptocurrency trading applications that have millions of users that are buying as well as selling hundreds of cryptocurrencies.
- The platform is developed as a means of allowing just about any user out there the opportunity to store, transfer and even exchange different cryptocurrencies with local or FIAT currencies.
- com is a representation of an all-in-one platform aimed at giving users access to a variety of different services that are connected with cryptocurrencies and the crypto space as a whole.
- com has its own native cryptocurrency that provides specific benefits to its holders, known as the Cronos (CRO) token.
Crypto.com is one of the largest cryptocurrency exchange platforms that operate on a global scale and is aimed at providing users with access to trading, investing, staking, wallets, non-fungible tokens (NFTs), as well as a lot more.
Today, we are going to go over just about everything you need to know about the Crypto.com website as we take an in-depth look at everything it has on offer for new users.
At the very first point in time, when you enter the Crypto.com website, you are greeted by quite a lot of information. We will first be exploring what the top navigation bar has to offer, and afterwards, go over everything else that is available.
On the top-left corner of the screen, there is the Crypto.com logo showcased. Then, as we move towards the right, we have NFT and Prices as sub-pages. This is followed by products, which are split across multiple sub-pages. In the products tab, you will find the "Get Started" section first. Here, you have access to buy and sell, which will take you to the app or to crypto.com NFT. Then there's the Spend tab, which will take you to the Metal Visa cards, which offer up to 5% back on all spending, as well as to Crypto.com pay. Then there's the Grow tab, which will give you access to crypto Earn, which allows you to earn up to 14.5% p.a. Rewards on your coins, as well as access to crypto credit.
Underneath that section, there is the advanced trading tab. This is split across Exchange, DeFi and Ecosystem.
In the exchange tab, you can visit the exchange home, the margin trading, and the derivatives trading. In the DeFi tab, you can visit the wallet, earn and swap pages, while in the ecosystem tab, you can visit the Crypto.com Chain and Pay For Business sub-pages.
In the Company portion of the page, you can visit the about section, the careers section, news, support, security, and partners.
Then in the learn tab, you can view what's trending, product news, events, and market updates. Furthermore, there is the resources tab that you can visit, which gives you access to a University page and a Research and Analysis page.
Right next to all of these menu items, you are provided with links to the Google Play Store, where you can download the Crypto.com app for Android, as well as to the Apple App Store, where you can download the Crypto.com app for iOS.
Then there’s the language tab, which by default will be in English, but you are also given the opportunity to select from multiple other languages.
You can also click on Location here, which will, by default, take you to the Global page, or you have the selection of picking other locations, including the United States (US), European Economic Area (EEA), Singapore (SG), Brazil (BR), Australia (AU) and Turkey (TR).
Now that we are done with the navigation bar, we can move forward to one of the key aspects of the website that makes it unique, and that is the 'Fortune Favours the Brave' advertisement showcased on the main page.
The famous actor Matt Damon stars in this ad for the cryptocurrency platform Crypto.com, and it was directed by the oscar-winner Wally Pfister and was aired in more than 20 countries.
Next, we are introduced to the mobile application in a sub-section titled "The World's Fastest Growing Crypto App."
Here, the website gives us an in-depth look at some information surrounding the app and the platform, including the fact that there are over 50 million users buying and selling over 250 cryptocurrencies. Here, the website also gives us a look at the Crypto.com Visa Card, which claims users can get up to 5% back on all purchases.
There is also a grow-your-portfolio section here, where users can receive up to 14.5% on their crypto assets.
This is followed by a “Buy crypto at true cost” slogan, where we are given an introduction to some of the offerings in the form of the top 5 cryptocurrencies and their cost at the time of the visit.
For example, at the current point in time, we are introduced to Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), and Polkadot (DOT).
Underneath this portion of the page, we are introduced to the Crypto.com Visa Card. Here, the website claims that each user can get up to 5% back on all spending that they do with the card, with no annual fees, and top-ups with FIAT or crypto are an availability.
As we scroll further down the page, we are introduced to Crypto Earn.
Here, we are greeted by the fact that we can deposit cryptocurrencies and earn rewards. However, it is important to note that this isn’t supported by all 250+ cryptocurrencies, just 40 cryptocurrencies, including stablecoins.
Here, the website claims that users can earn up to 14.5% p.a. On cryptocurrencies, and up to 10% p.a. On stablecoins.
Then, as we move further down the page, we are introduced to the fact that the website has a desktop version of it available in the form of a web-based application, as well as in the form of a mobile application that can be downloaded on the Apple App Store for iOS or the Google Play Store for Android.
Here, the website makes an example of three key features, including:
- Liquidity - deep order book liquidity across all market conditions.
- Speed - 2.7 million transactions per second (TPS) matching engine and 50 micro second core latency.
- Security - SOC2 Type 1 Compliance, PCI:DSS 3.2.1 Level 1 compliance, ISO/IEC 27001:2013, ISO/IEC 27701:2019m ISO 22301:2019 and Singapore Data Protection Trust Mark.
As we move further down the page, we have introduced the various decentralized finance (DeFI) based features available on the exchange, including DeFi Wallet, DeFi earn, and DeFi Swap.
Near the bottom of the page, we are introduced to a variety of different stats surrounding the company, including the fact that it was founded in 2016, has a team of over 4,000 people, over 50 million users, and insurance coverage of 750 million in USD.
That is all there is when it comes to the Crypto.com website, and we will now be moving on towards its history and functionality.
History of Crypto.com
Crypto.com is a company that was originally founded in 2016 in Hong Kong.
However, throughout its years on the market, it has managed to increase its offering and currently gives users access to over 250 cryptocurrencies to pick from.
There are over 90 supported countries where this exchange is allowed.
Interestingly, back in 2016, when Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo launched the product initially, it was known as “Monaco” prior to getting renamed in 2017 following a purchase of the domain.
There are numerous features that make Crypto.com as an exchange stand out when compared to competing platforms, and we are going to go over all of these features individually.
There's the ability for users to buy, sell or trade cryptocurrencies through the usage of the application. Additionally, there is also the Crypto.com Visa Card that lets users spend their cryptocurrencies on any supporting vendor.
Then there’s Crypto Earn, which allows users to earn passive income through their holdings on a weekly basis based on their deposited cryptocurrencies.
There is also the Crypto.com exchange, where users can trade over 250 cryptocurrencies with deep liquidity, get the best execution prices, and have the lowest maker and taker fees available.
Crypto.com NFT is also an availability where users can gain access to exclusive NFT collections created by some of the most well-known artists, musicians, athletes, and brands.
Alongside all of this, users are also given the opportunity to engage in decentralized finance (DeFi) features.
For example, there’s DeFi earn. This allows users to earn rebates on over 25 tokens, including CRO, VVS, TONIC, ATOM, and a host of stablecoins.
Then there is the availability of decentralized applications (dApps). Specifically, users are given the opportunity to explore the most popular dApps seamlessly from the application directly and can connect with, swap, farm, and mine on these DeFi protocols.
We also need to discuss the Swap functionality. Users can swap over 250 tokens across multiple chains, including Ethereum, Cronos, Cosmos, and a lot more. Furthermore, the application also allows them to migrate assets between different chains and Cronos with the in-app bridge feature.
Then there’s the store functionality, where users can gain full control over their crypto and their keys. Each user is given the opportunity to manage over 700 tokens across over 15 blockchains, including Cronos, Crypto.org Chain, and Ethereum.
Each user can also import their existing wallet seamlessly with the 12, 18, or 24-word recovery phrase.
There are many other features available on Crypto.com, which makes it one of the largest exchanges with the highest functionality out there.
Pros and Cons of Crypto.com
- Some of the lowest fees in the crypto space.
- Access to over 250 different cryptocurrencies, including stablecoins.
- Its own native Visa Card offers cashback rewards.
- The ability for users to earn interest on their cryptocurrency holdings.
- Strong level of security.
- It can be difficult to navigate through for newcomers.
- The customer support service could use a bit of an improvement.
The Bottom Line
Crypto.com is one of the most well-known and utilized cryptocurrency exchanges on a global scale, something indicated by its user base of over 50 million people.
It has a native mobile application available on both iOS as well as Android, a solid level of security, over 250 cryptocurrencies, its own Visa Card and even earn platform and a lot of offerings within the Decentralized Finance (DeFi) space. Ultimately, this is an exceptional platform with a solid website.
Frequently Asked Questions (FAQs)
Are There Any Transaction Fees Involved With the Usage of Crypto.com Pay?
Crypto.com Pay as a service does not charge users transaction fees. However, if a user is using a wallet other than the Crypto.com app wallet, in that case, they would need to pay the required Ethereum (ETH) gas fee in order to facilitate a transaction.
How Do You Sign Up for the Crypto.com App?
All you have to do is to download the application and select "Create New Account." Afterward, you can enter your email address, and once you type it in, you will receive an email that you can confirm. Once you have received the email, proceed with the registration process, and after the Crypto.com app opens, you will see the numerous benefits available to you. Enter your phone number through a verification code, and pass the verification process.
How Do You Apply for a Crypto.com Visa Card?
Once you have successfully created as well as verified your account, you can go to the "Card" section on the application and select your preferred card tier, after which you need to stake the required CRO equivalent. Accept the Terms and Conditions, have sufficient CRO in your app wallet to stake them up to 180 days and submit and confirm your delivery address.