There has been tremendous growth in new investment prospects in recent years. People who want to optimize their earnings should be aware of the various platforms accessible as the financial landscape changes.

Crypto.com is one of the newer businesses to emerge in the last few years. It provides a bitcoin payment platform as well as many other functions. Users can purchase, sell, and spend cryptocurrency via Crypto.com’s mobile app.

What is Crypto.com

Crypto.com is a cryptocurrency buying, selling, and trading marketplace. There is also an NFT marketplace where users may buy and sell digital art and memorabilia.

The program supports many cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), which are among the most popular today.

It was founded in 2016 and now offers over 100 cryptocurrencies to consumers all around the world. It is great for beginners to advanced users due to its affordable pricing and simple implementation.

Pros

• Supports a wide range of cryptocurrencies
• Reasonable rates with discounts are available
• Earn cryptocurrency interest
• High levels of security
• Has a cryptocurrency ecosystem of products

Cons

• Not all currencies are accepted in all countries.
• Ineffective client service
• Discounted trading fees can be perplexing.

Is Crypto.com safe

The Crypto.com platform places a premium on data security and privacy. As a result, it has security safeguards in place to keep consumers’ funds safe at all times.

The site holds all of the customers’ cryptocurrencies in cold storage, which is completely offline. Furthermore, their strategic alliance with Ledger allows them to incorporate the Ledger Vault, an institutional-grade custody solution.

Crypto.com uses a safe software development lifecycle, combining static and dynamic source code analysis technologies in its peer-reviewed software. They also use a password, biometric, phone, email, and authenticator verification as part of their Multi-Factor Authentication (MFA) system.

It hires Kudelski Security, a globally respected security consulting and auditing firm, to audit its fundamental Blockchain technologies. Keep in mind, though, that consumers may still be vulnerable to hacking or other security breaches that are outside the company’s control.

Platform & Features

Some of the technological platforms and features the Crypto.com are:

Desktop version

The platform only includes an exchange portal that works in the same way as their app. The portal does not accept fiat deposits or withdrawals, however, it does accept crypto transactions. Instead, you can download the Crypto.com app for a more pleasant experience.

Crypto.com mobile app

Crypto.com is mostly used through its mobile app, which is more user-friendly and straightforward than the desktop version. It allows you to change cryptocurrencies into fiat currency such as dollars, pounds, and other currencies via a virtual Visa card that is linked directly to your crypto wallet.

Users may store cryptocurrency on any device with the software, which is available for iOS and Android.

CEX.IO fees & commissions 

The fees on Crypto.com are volume-based, which means that when a user’s trading volume increases, their fees decrease. Trading volumes are divided into nine categories, each with its own set of fees for maker and taker transactions.

Users can also earn cheaper trading costs by staking at least 5,000 Crypto.com currency (CRO). You can also pay your trading fees in CRO to help you save more money and receive a 10% annual return on your CRO investment.

Maker transaction costs range from 0.4 percent at Level 1 ($0 to $25,000 30-day trading volume) to 0.04 percent at Level 9 (at least $200,000,001 30-day trading volume) in spot and margin trading. Taker fees, on the other hand, range from 0.4 percent to 0.1 percent at the same levels.

These fees are reduced to 0.36 percent to 0.036 percent for makers and 0.36 percent to 0.09 percent for takers when staking at least 5,000 CRO. The more CRO you invest, the greater the discount.

How to create an account

To get started, go to the Apple or Google Play store and download the Crypto.com app. After that, you can fill in your personal information, such as your email address and password.

KYC verification is required for account verification. This is a straightforward procedure in which you must enter your name, photo ID photo, and selfie. After that, a payment method will be linked.

Users who have been verified can deposit and withdraw monies within the platform’s restrictions.

Conclusion 

Users who want to trade or stake crypto and buy or sell NFTs can use the Crypto.com platform. It’s simple, quick, and secure, making it one of the greatest platforms available, with reasonable costs and incentives.

The wallet can store a wide range of cryptocurrencies, making it a valuable addition to your digital asset portfolio.