What We Love: Pros
- Easily e-transfer funds, free and deposited in minutes.
- 100+ cryptocurrencies to choose from.
- Stake and earn on a wide variety of coins.
- A fitting and recognized company name poised for growth with an updated roadmap.
What Could Improve: Cons
- To get the best benefits, you must stake a large amount of Cronos (CRO).
- Although Standard Interac e-transfer is free, Interac Request Money requires a small fee.
Crypto.com Overview
Crypto.com is a well-rounded platform for Canadians in terms of services and coins offered. The prominent feature that attracted many users to the exchange is their metal cash-back credit card with 100% rebates in CRO for 6 months on Spotify and Netflix. Crypto.com was founded in 2016 and has grown tremendously throughout the years. With a very fitting and recognized company name, a growing list of sponsors, and the services and offers at Crypto.com, we see this exchange continuing to growing at a rapid pace with the adoption of cryptocurrency.
With their recently released 2025 Roadmap, offering banking, Stock and ETF trading and expansion to the United States of America, Crypto.com is poised to be a huge contender in the space.
Currencies.
An important aspect for a good exchange is the ability and ease of depositing fiat funds to buy and sell cryptocurrencies. Depositing Canadian funds is free, quick, and easy with e-transfer at Crypto.com. You can also sell your crypto back into your fiat wallet.
We also enjoy the wide selection of cryptocurrencies available for purchase as they are constantly adding to their catalogue. Purchasing crypto is simple with the app, whether you are using fiat or converting from other crypto.
Services
Crypto.com offers a wide variety of services which lets you do more with your crypto. They offer Crypto.com App, Exchange, DeFi Wallet, Supercharger, Stake & Earn.
The Crypto.com App and the Exchange App
The main app and the Exchange allows you to purchase cryptocurrencies. The main app allows you to hold a fiat wallet and perform quick market trades and has access to Stake & Earn and the Supercharger. The Exchange app allows you to perform more advanced trades such as limit, stop limit and stop loss.
DeFi Wallet
The DeFi is a wallet that allows you to control the keys to your funds, earn and swap coins in a decentralized ecosystem. You are also able to connect to other DApps that use WalletConnect for more advanced financial services such as participating in liquidity pools and yield farming.
The Supercharger
The Supercharger which is available on both the main and Exchange app, allows you to stake their native token CRO for other tokens depending on the Supercharger event, and how much you stake relative to the pool.
Stake & Earn
This service provides you with the opportunity to earn some interest from holding coins. They offer staking on a variety of coins ranging from Bitcoin, Ethereum to even stablecoins like USDC, and USDT. Whether flexible or locked-staking for 1 or 3-month terms, you can enjoy up to 14.5%P.A. depending on the coin and the amount of CRO you have staked in the main app. The Exchange offers different rates on CRO staking or soft staking by holding the coins in your wallet.
Crypto.com Visa Card
A metallic prepaid card which can be topped up on the app. There are 5 tiers you can apply for with greater benefits as you go up in hierarchy, with the caveat of staking more CRO token. What is unique is the offer a refund of Spotify, Netflix, depending on the tier. Enjoy up to 5% cashback on purchases which is paid in their CRO token, and limited free ATM withdrawals based on the tier. To receive the top-tier, you would have to stake a ridiculous amount of CRO.
Fees
Depositing funds via Interac Standard e-transfer is simple and free. An Interac Request Money method is also available at a cost of 1% up to a $10 max fee. Crypto.com also offers debit/credit purchases but comes with a 3.5% fee. There is no fee for withdrawing from your fiat wallet back into your bank. For purchasing cryptocurrencies in the Exchange, there is a 0.4% Maker-Taker fee, with a reduced fee up to a 100% discount, depending on two factors: 30 day trading volumes and CRO staked.
Overall Experience
Overall, Crypto.com has been a great experience purchasing crypto with their main and Exchange app. The Supercharger allows you to gain exposure to other coins with reduced risk, they offer competitive interest rates on crypto and stablecoins, and their Visa Card offers great benefits. Crypto.com is a great platform for beginners and experts alike, but to enjoy the full benefits you would need to invest in their platform and stake CRO.
With their updated roadmap for 2025 from offering banking and Stock/ETF trading and expansion to the United States of America only bodes well for the price of the Cronos token.
Give Crypto.com a try and receive a bonus with our referral code x65mdggrzk. For a limited time, earn up to US$50! Get $25 when you deposit and trade $100 of crypto in the first 30 days, and another $25 for reserving the awesome Metal Crypto.com Card. Join the Crypto.com app now!
Join Team Crypto.com!Navigating Crypto.com's Cuts to Visa Card Rewards Program
WealthWithCrypto - Friday May 06, 2022 02:54AM One of the most prominent cryptocurrency exchange, through heavy advertising spending and sponsorships, Crypto.com, announced May 1st 2022 that they will drastically slash their CRO Visa Card rewards. The sudden announcement shocked the crypto.com... Read MoreCrypto.com Coin Rebranded as Cronos
WealthWithCrypto - Monday Feb 21, 2022 01:56AM February 18, 2021 — Crypto.org today announced that “Crypto.org Coin”, also known as "Crypto.com Coin" ($CRO), has been re-branded to Cronos ($CRO). The new name recognizes the growth of the Cronos ecosystem which went live on November 2021. Cr... Read MoreCrypto.com Ramping up Marketing Campaign with $700m Purchase
WealthWithCrypto - Wednesday Nov 17, 2021 03:23AM Crypto.com has been ramping up their marketing efforts as they recently announced the purchase for the naming rights to the Lakers Venue, previously known as the Staples Center, for the next 20 years. "The new agreement includes official designation... Read MoreCryptocurrencies are highly volatile and risky with a potential to lose all of your invested capital. Conduct your own due diligence and consult your financial advisor before making any investment decisions. The content contained on this Website shall not be understood or construed as investment advice and you understand that you are using any content at your own risk.
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