Сryptocurrency exchange Crypto.com

Crypto com is an American cryptocurrency exchange that has more than 100 million active users from more than 90 countries. The platform offers 350+ coins for spot, margin, and futures trading, as well as many additional services that allow earning on digital assets.

The exchange was launched in 2018. It is a full-fledged cryptocurrency ecosystem that provides the widest opportunities possible for both individuals and businesses:

• trading hundreds of digital assets on the spot, margin, and futures markets;
• passive Crypto com earning on the platform and in the DeFi wallet;
• cryptocurrency loans;
• listing on favorable terms;
• access to the new coins that have not yet appeared on the market;
• own Visa card for cryptocurrency payments with cashback (not available in some countries);
• cryptocurrency payments for business;
• access to the NFT exchange and much more.

All that you have to do is register for Crypto com, choose your area of focus, and start implementing your plans. Beyond its main business activities, the exchange is actively popularizing cryptocurrencies.

The platform is available in most countries, with some exceptions. First of all, you need to create an account, verify your data, and learn the basic principles of working with cryptocurrency if you haven’t had such experience yet.

To start using all the features of the Crypto.com platform, you need to register and install the mobile app. Registration is simple and takes just a few minutes, but to gain full access to functions like trading and investments, the app is mandatory.

Crypto com registration on the desktop site of the exchange:

1. Click Sign Up in the upper right corner.
2. Enter your email.
3. Enter the referral code and agree to receive the newsletter (optional).
4. Click Create New Account.
5. Open the letter sent to your email and follow the link.
6. Scan the QR code for Crypto com app download to begin.

To trade, you must install the app on an iOS or Android device. The website functions only as an informational platform; however, it features the OTC Portal of Crypto com Exchange (Dubai, UAE), where you can register without the app. The services offered by both platforms are quite similar but have some differences. For instance, the Exchange does not allow converting one fiat currency into another. Full access to the company's offerings is only available through the mobile app, which is why this review focuses on it.

Registration on the exchange is impossible without verification, so the next steps will require you to confirm your personal data. When you open the application, you can log in via email or register again. The first option may not always work correctly, so it might be easier to start over with email confirmation. Further Crypto com identity verification:

1. Enter your mobile phone number with your country code and confirm it.
2. Take a photo of your ID according to the instructions.
3. Take a photo of your face.
4. Wait for the verification result (this can take from several hours to several days).

If everything is done correctly, the client will have access to a personal account with trading instruments. You also need to create a password and configure the login parameters.

Crypto com exchange login via the application requires the following scheme:

1. Click Log in to the existing account.
2. Enter your email address and click Log in.
3. Depending on the login settings, you can pass the verification by entering the password, following the link in the email, entering the access key, providing the code via SMS or using a two-factor authentication app.

Connecting 2FA is necessary for withdrawing cryptocurrency and fiat funds, as well as for internal transfers to other exchange clients. If you have any problems with access to your account, Crypto com support is available via online chat on the website.

The client can manage their assets and adjust personal settings in the account, including the following

• make deposits;
• withdraw funds from the exchange or transfer them to the accounts of other clients of the exchange;
• make exchanges;
• instantly go to pages of trading operations and other services;
• track the status of accounts, history of transactions and trades;
• learn about promotions and news;
• connect 2FA and other security tools.

As it was already mentioned, on the website www Crypto com login is not available, so clients have to work from their mobile devices. The intuitive interface helps to quickly understand the functional structure of the account.

You can top up your account from an external cryptocurrency wallet the exchange in the following way (there are no Crypto com fees for deposit):

1. Click Deposit and Crypto.
2. Select cryptocurrency.
3. Copy the credentials or QR code.
4. Enter the credentials when submitting a transfer request.
5. Approve and complete the transaction in the external wallet used.

The transaction will be completed as soon as the blockchain receives the required number of confirmations. Some networks, such as XRP or BNB, require you to additionally specify the Memo destination text. This information will be displayed next to the address. Stellar (XLM) transfers are not supported by the exchange: funds will be lost without the possibility of recovery. You can top up your account with a card and buy cryptocurrency directly on the platform. Crypto com P2P service is currently unavailable.

Users can withdraw both cryptocurrency and fiat funds. The second option is not available in some countries, but you can send coins to a reliable crypto exchanger, which transfers the money to a card or other means of payment at the current rate. Crypto com withdrawal fees depend on the currency, amount, blockchain conditions, or financial operator. The process consists of the following steps:

1. On the Crypto Wallet page, select Tap the Transfer button - Withdraw - External Wallet.
2. Insert the address and, if necessary, Memo (the address must first be added to the white list).
3. Select a network.
4. Select a currency and specify the amount, including the commission.
5. Confirm the transaction.
6. Verify via an access key or 2FA code and SMS.

It is very important that the specified network matches the recipient's blockchain, otherwise the funds will be lost. For example, if Tether is required there, and the sender enters Ethereum or Solana, the money will definitely be lost. In most cases, it takes a few minutes to process the request via the Crypto com app. Next, you have to wait for confirmation from the recipient.

The CAD wallet is used to withdraw fiat funds, and you can exchange cryptocurrency there. You can withdraw money from the wallet to your bank account only after making a deposit from this payment method. First, you need to complete a proven exchange. Then open your fiat wallet, click Withdraw/CAD, and follow the instructions. Data verification may take up to 1-3 business days.

Installing the Crypto com program is required to get started with the platform, so you need a mobile device in any case. The platform offers application versions for iOS and Android.

Application For The Android Operating System

When visiting the exchange website via an Android mobile device, the user sees the Google Play store icon in the place of the authorization and registration buttons. This means that the first step is visiting this store. After following the link, you need to allow the installation of the Crypto com APK on your smartphone or tablet. You can log in to the app via email if you have already started registering on the PC site or open a new account.

Application For The iOS Operating System

For Apple device users, the installation and authorization process is no different. The version of Crypto com for iPhone is available in the App Store. You can get to its page via the link on the site or through a search in the App Store. In addition to the application, you can install a widget to have instant access to quotes for a specific digital asset on the device's home screen. It works for any operating system.

Application For Personal Computer

Crypto com app download for PC is not possible today. The site is intended only to introduce the visitors to the capabilities of the platform and current market offers, so a mobile program is required to access all platform features.

There are no fees charged on the platform for making deposits. The fee for withdrawing funds outside the exchange depends on the specific cryptocurrency - the terms of the blockchain or fiat payment method. Crypto com trading fees decrease as the total volume of transactions increases.

The platform also regularly offers discounts on fees for CRO holders and under Crypto com bonus. The daily interest rate on borrowed funds depends on the specific coin and amount.

In addition to trading digital assets, the exchange offers many additional services:

• Earn. Passive income from deposits. 21+ cryptocurrencies and stablecoins are supported. Private program participants receive +2% per annum for storing CRO - the coin issued by the exchange.
• On-chain Staking. The feature of this staking type is the option to withdraw your coins at any time. This allows you to start earning on your assets without any time restrictions.
• NFT. Crypto com Exchange provides the opportunity to trade collectibles on an independent NFT platform. Among other things, you can create your own works and sell them by registering as an author.
• Onchain. This is a non-custodial wallet that provides access to all DeFi services - from storage on deposit to Swap, viewing DApps, and trading NFT. You can send cryptocurrency by choosing the confirmation speed and blockchain fee.
• Visa debit card. You can get a bank card for free in the app to pay for purchases with cryptocurrency. The size of the cashback and other privileges is determined by the card status - from the initial Midnight Blue to Obsidian and Prime.
• Listing. Creators of new tokens can place their coins on Crypto com, and exchange clients get exclusive access to the assets at a minimum price before they enter the market.

Separate offers await representatives of small, medium, and large businesses.

Now let’s look into what is Crypto com in terms of trading. The platform offers 350+ cryptocurrencies (BTC, ETH, USDT, Binance Coin, BNB, SOL, etc.), 20+ fiat currencies, and a large selection of futures and options. You can use credit funds for margin trading and derivatives transactions. Additional online tools help to quickly obtain financial information about the current state of the market that is necessary for the transaction.

Spot And Margin Trading On Crypto.Com

Spot trade is a direct purchase or sell of cryptocurrency. This process is made as simple as possible on the exchange:

1. Go to the trading page.
2. Select a currency pair.
3. Specify the order type - Market (immediate transaction), Limit (subject to certain conditions), or other.
4. Fill in the required fields and place an order.

For direct transactions with cryptocurrency, you can use credit funds. Crypto com margin trading is possible with proper assurance. The client's assets stored on their accounts are used as collateral. The leverage is 10x. Borrowed funds allow you to claim higher profits, but the risks also increase significantly.

Types Of Orders On Crypto.Com Trading

Crypto com exchange offers 8 types of orders. The main orders are Limit and Market. In the first case, the buyer or seller specifies the desired price. The order will be triggered when the market price reaches this mark. Market order implies immediate execution of the transaction at the best current price. Types of classic market and limit orders:

• Stop Loss. This is a conditional order that automatically places a real offer as soon as the specified price is reached. If this is a purchase transaction, the mark must be above the market price within the specified range. If it’s a sell transaction — below the market price and within the specified range.
• Take Profit. This conditional order at Crypto com helps to automatically close the position, fixing the profit during the period of price movement in the desired direction. For a buy transaction, the trigger mark must be above the current market level. For a sell transaction — below and within the available range.
• One Cancels The Other. Simultaneous placement of a limit order and a stop-limit or stop-market order. As soon as one of them is triggered, the other is immediately canceled. An OCO order allows you to minimize the risk of losses.

The ability to place a conditional order or OCO depends on the type of transaction.

Derivatives Trading: Futures, Options, Perpetual Contracts

Futures and options (Strike, UpDown) are derivative financial instruments. This means they are not the assets themselves that are traded but the ability to sell or buy them at a fixed price in the future. Exchange Crypto com allows derivatives transactions only after the appropriate collateral has been deposited to finance the transactions.

The leverage for futures is 100x. To place an order, you need to specify the price, purchase/sale volume, and tick size. The latter must match the terms of the transaction exactly. For example, for perpetual CRO contracts, the tick for the quantity is 10. If the value is not a multiple of 10, the order is simply rejected.

This cryptocurrency exchange is considered to be one of the safest platforms, according to the evaluation of many independent ratings. The company seriously invests in modern technologies to maintain high standards of cyber protection. Some of the implemented security methods:

• funds storage in cold wallets;
• multi-level Crypto com verification of clients during financial transactions;
• careful monitoring of systems for vulnerabilities that might be used by hackers;
• providing users with additional means of protection against unauthorized access;
• regular audits by independent experts in the cyber security field.

If the client follows the basic rules for handling passwords and personal data, nothing threatens their assets and privacy.

Crypto com promotion rewards clients with various bonuses within the Rewards+ program. In addition, every user registered on the platform has the opportunity to earn money by attracting partners and distributing referral links and codes.

Promotion For New Customers

New customers get their first idea of what is Crypto com along with receiving a gift. They have access to a welcome bonus, the size of which may reach up to 1 BTC. The reward amount depends on the total number of transactions concluded within 30 days from the date of registration. The money is immediately credited to the crypto wallet with the possibility of withdrawal.

Referral And Affiliate Programs

Crypto com referral program BG25 allows its participants to earn money regularly by attracting new users. From $10 to $25 is paid for each invited guest, and the guests also receive the same amount. In order for both parties to receive their reward, the new client must register in the application and do one of the following: make a deal of $100 or more, make a fiat deposit of $50 and pay for contracts for this amount, or start staking CRO to receive a branded Visa card (starting the Ruby Steel level).

In addition to rewards for the distribution of referral Crypto com promo code, there is an affiliate program. It invites owners of popular Internet resources. Advantages:

• simple passive income with minimal effort;
• partnership with an industry leader that helps to quickly develop personal brands;
• invitations to exclusive events held by the crypto exchange together with leading sports organizations.

Exchange Crypto com offers to choose the method of the commission calculation –- one-time payments or cash out calculated on the results of a specific period. However, unlike the simple distribution of referral links, the requirements for partners here are higher, and not everyone can join the project.

VIP-Program Rewards+

The platform has a Crypto com VIP Rewards+ program. After registration, the client accumulates trading volume with each transaction, approaching the next level and new privileges. There are 20 steps in the program. The promotion depends on the following evaluation criteria:

• ranking in the system of trading badges, awarded on the basis of financial activity and success;
• CRO balance for the last 30 days;
• volume of spot trading or Strike options transactions during 30 days.

VIP Crypto com requires manual activation to transition to a new level. This must be done after receiving the notification about reaching a higher status. You can also earn bonuses (diamonds) by completing different challenges. These funds are exchanged for CRO, unique goods from partners, or NFT.

Customers from the US, EU, UK, Singapore, Canada, Argentina, South Africa and Brazil can join the elite Prime program instead of Rewards+, which provides many more privileges. In order to participate in it, you need to have at least $1 million in cryptocurrency and fiat currency on your balance at all times.

The website and the app have a Help Center where you can find answers to many technical questions. Crypto com customer service is available through the following channels:

• online chat;
• press@crypto.com (press service);
• lawenforcementglobal@crypto.com (for law enforcement agencies).

The company also has communities on popular social networks and instant messenger channels. The members there help each other sort out any unclear points.