Is it safe to buy bitcoins on Crypto.com? What are the opinions about this cryptocurrency broker?
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POINTS IN FAVOR
More than 90 cryptocurrencies available to trade.
Possibility of buying in any physical and online business with your VISA card linked to your account.
You have your own CRO virtual currency to perform to trade and buy goods and services.
If you are looking for opinions about Crypto.com since you are starting in the world of investing in cryptocurrencies, in this article we are going to give you all the information you need to know if this cryptocurrency broker is reliable, the opinion of the majority and our own assessment after having tested this platform for months.
But first, let’s see a little where this broker comes from. Hong Kong-based Crypto.com is one of those cryptocurrency exchanges that has been gaining popularity in recent years. It has only 5 years of life, but its significant investment in advertising as well as its VISA card to pay with cryptos, which has been one of the first in the market, has placed it as one of the most used platforms today, only behind the big ones like Binance or Coinbase .
It was founded in June 2016. The founders of Crypto.com are Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. It is based in Sai Wan, Hong Kong Island and has raised more than $ 30 million.
In addition to supporting trading in many currencies, Crypto.com also offers its own native currency and allows users to earn interest on their cryptocurrency holdings which is why many users stalk their currencies on this platform.
If you want to know the commissions, what Crypto’s customer service is like and everything it offers, keep reading because this article interests you.
💡TO TAKE INTO ACCOUNT:
- With only 3 years in the market it has become one of the most used brokers.
- You can earn interest with your cryptocurrencies.
- You have at your disposal a VISA card to buy products and services.
Who is Crypto.com for?
One of the characteristics of this broker that has made it very popular is its ease of use. From the app you can negotiate, buy and sell cryptocurrencies very easily. In addition, it has a wide variety of currencies to operate.
This has made it popular, as anyone without great technical knowledge can trade on its mobile platform. For all this we consider that this broker is designed for newcomers to crypto.
However, if you want to have a credit card linked to your cryptocurrency account, you may also be interested in the VISA they have available. As well as the interest generation service if you are a long-term investor and want to leave your assets generating income.👍 Pros
- Easy use from the mobile application
- You can purchase a Visa card linked to your crypto account
- It has a large number of cryptocurrencies available
- You will be able to generate income with your coins that you have already bought
- It has no desktop version
- It is not regulated by international organizations
- Commissions are complicated
- Support inaccessible
- Crypto is a mobile application that helps us buy, sell, trade and generate income with our currencies. That all this can be done from an app is a great advance and makes investment much easier for those people who have just entered this world.
- Thanks to its agreement with Visa, you will be able to have a card to buy goods and services with your cryptocurrencies. In fact, one of the most unique features of Crypto.com is that it allows you to use its currency in the real world to buy physical goods and services, this is possible because this broker allows users to load their crypto onto one of the Visa cards. of the platform.
- Currently there are more than 100 coins available to operate through the mobile application of this broker.
- You can get up to 8% interest in cryptocurrencies and 14% in stablecoins if you deposit your coins in this broker with their deposit system.
- Currently it is only possible to use this broker from mobile. For those investors used to working from a computer, it will be an important counter.
- Although Crypto.com insures the deposits of its clients, there is no body that regulates this entity as there is with stock brokers. However, this is common for cryptocurrency operators since Bitcoin is not an official currency.
- It is difficult to understand the commission system of this platform, so it is very difficult in advance to know what commissions are going to charge us when we operate.
- There is no phone or email to contact the support of this broker, so it is something to keep in mind if at any time you need to contact the support of this company.
2.5 / 5
Crypto.com has a complex fee structure for trading cryptocurrencies. Depending on your 30-day trading volume, the commission can vary from 0.036% to 0.10% and the taker’s commission can vary from 0.090% to 0.16%.
In addition, it must be taken into account that the minimum and maximum withdrawal commission is different for each type of cryptocurrency. The best thing to keep up to date with Crypto.com commissions is to go to this page where they detail all the commissions of this broker .
Crypto.com allows investors to buy / sell, trade and earn interest on their cryptocurrencies, all from a mobile application without the option of operating from a computer.
Crypto.com supports more than 100 cryptocurrency pairs in total. A number that is growing every month with new additions.
This broker also offers its own native cryptocurrency called CRO. Allows customers to pay for goods and services through the Crypto.com Wallet app. You can also trade with it.
Crypto.com users can choose to receive payments in CRO, as well as stablecoins or fiat. They can also trade or invest CRO to increase their return by up to x20 in interest.
The fact that it can only be traded through a mobile device makes it very difficult for people who prefer to do their daily or weekly trading through a desktop computer.
This does not mean that the mobile application is very intuitive and easy to use. It is available for Android and iOS and for newcomers it will be very easy to get started.
The registration and verification process is very simple. In a few minutes you will have everything ready to start operating.
Crypto.com customer support
As of today, it is not possible to contact Crypto.com by email or phone. This can be a serious problem if you have an urgent incident.
If this happens to you, the first thing you have to do is go to the support center . Here are solved the most common problems of investors in this app.
If you can’t find the solution, on the right you will find a chat where you can contact an agent after asking a bot that can also give you help. The response time of this chat is not live and it can take up to 24 hours to give you a response (you must leave your email so that they can contact you there).
This broker has a Twitter account, but today it is not used for support .
This broker has not paid special attention to training its clients. Although its platform is very intuitive, it is always desirable to find training for newcomers and facilitate their access to this world of cryptocurrencies and investing.
Crypto.com has only devoted a few articles to explaining the most basic aspects of the crypto world. From the University page you will be able to see these articles, which are in English and are too short to know the market well and help investors to train to invest more and better.
Crypto.com takes steps to protect your funds and crypto. However, it is not insured by any international body. Also, this broker is not a company based in Europe, it is based in Hong Kong where the regulations are very different. You will not find a phone number or a postal address to contact them, which reduces security.
In this case, the experience and opinions of the customers are the main asset when it comes to security. There is no known problem related to this aspect and the money has always been available to investors who use this platform in their operations.
There are better options in the market if we want to operate with cryptocurrencies, however Crypto.com has brought very interesting news such as the credit card and those deposits with a very juicy profitability.
If you are interested in these options or you simply want to operate easily through your mobile phone, you can evaluate this broker without problems as it is safe. In addition, more and more people are using it so its currency is generating great incentives to trade. If you want to have it in your wallet you will have to buy it at Crypto.com.
🗣️ Opinion of our users
Your time has come. If you have also used this broker and want to tell us your opinion about it, then you can leave us your opinion about Crypto.com so that other users can see it and find it useful.Send your opinion about this company