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Crypto.com is a cryptocurrency platform that offers crypto staking, loans, and some exchange services. Crypto.com offers savings rates as high as 64% APR on deposits, with no hidden fees and instant access to your funds. Instant loans can also be secured against your deposits at rates as low as 8% APR, with no credit checks required.
The platform was founded in 2016 by Kris Marszalek and Gary Or. The company is Hong Kong based and raised $200M in venture funds on March 4, 2021. The company has more than 2,600 employees and 10M+ customers from all around the world.
Crypto.com offers only mobile apps for its platform. There is no crypto.com web app. The platform has a large variety of products which can mean that navigation around their app takes a while to get used to. The apps can be used to deposit fiat and crypto currencies in to an online wallet, buy and sell crypto currencies including Bitcoin, move funds into an interest bearing savings accounts, or use the funds as collateral against a loan. One great feature of the phone apps is that users in the US can buy crypto securely using Apple Pay or Google Pay.
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Yield | Loyalty Level | Tokens | Term | Yield | Yield Trend | |||||||||||||||||||||||||||||||||||||||||||||||||
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12.5%*
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Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
12.5%*
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|||||||||||||||||||||||||||||||||||||||||||||||||||
12.5%*
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Level 4
Min $40,000 USD of Cronos tokens
|
90 days
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12.5%*
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|||||||||||||||||||||||||||||||||||||||||||||||||||
11%*
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Level 1
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90 days
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11%*
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|||||||||||||||||||||||||||||||||||||||||||||||||||
10%*
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Level 3
Min $4,000 USD of Cronos tokens
|
30 days
|
10%*
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|||||||||||||||||||||||||||||||||||||||||||||||||||
10%*
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Level 4
Min $40,000 USD of Cronos tokens
|
30 days
|
10%*
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|||||||||||||||||||||||||||||||||||||||||||||||||||
8%*
|
Level 1
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30 days
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8%*
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|||||||||||||||||||||||||||||||||||||||||||||||||||
7%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
7%*
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|||||||||||||||||||||||||||||||||||||||||||||||||||
7%*
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Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
7%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
7%*
|
Level 4
Min $40,000 USD of Cronos tokens
|
90 days
|
7%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
7%*
|
Level 4
Min $40,000 USD of Cronos tokens
|
90 days
|
7%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6.5%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
6.5%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6.5%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
6.5%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6.5%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
6.5%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6.5%*
|
Level 4
Min $40,000 USD of Cronos tokens
|
90 days
|
6.5%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6.5%*
|
Level 4
Min $40,000 USD of Cronos tokens
|
90 days
|
6.5%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6.5%*
|
Level 4
Min $40,000 USD of Cronos tokens
|
90 days
|
6.5%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
6%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
6%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
6%*
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
6%*
|
Level 3
Min $4,000 USD of Cronos tokens
|
90 days
|
6%*
|
Crypto.com has some of the best instant access saving rates for Polkadot (11%), however Crypto.com also has some of the worst instant access saving rates for Bitcoin (1.6%), Litecoin (2%), Stellar (2%) and several other cryptocurrencies
Enhanced rates on Bitcoin of 2.2% - 4.4% APR are available in return for investment in Crypto.com's loyalty token, CRO.
Enhanced loyalty rates are available on a further 36 cryptocurrencies.
Crypto.com has some of the best loan rates secured against EOS (8%), however Crypto.com also has less competitive loan rates secured against Bitcoin (8% vs 4.5% at Coinloan), Litecoin (8% vs 4.5% at Coinloan), Stellar (8% vs 4.5% at Coinloan) and several other cryptocurrencies.
Note that loans are complex products with rates varying by collateral and LTV. For a full comparison visit our loans page.
Crypto.com was founded in 2016 which makes it 7 years old. That's still quite young as the oldest crypto platforms are 16 years old.
Crypto.com has approximately 900 employees. That makes it one of the smaller crypto platforms by number of employees.
Crypto.com has an average expert rating of 82% based on 16 expert reviews, and an average user rating of 90% based on 147,560 user reviews. Expert reviews include Hedge With Crypto (90%), Jean Galea (88%), Crypto Vantage (80%) and Quick Penguin (82%).
All key activites on the Crypto.com are secured by multi-factor authentication including face ID and 2 factor authentication codes. In addition Crypto.com has passed multiple security audits including ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2013 and PCIDSS v3.2.1 Level 1 compliance. The app has achieved the highest security rating for both NIST Cybersecurity and Privacy Frameworks. Finally Crypto.com contracts with third party security firms such as Kudelski Security to stress test their systems.
Crypto.com claims that 100% of user crypto deposits are held offline in cold storage wallets. These wallets are secured by cold storage custodian Ledger Vault. Crypto.com also hold $750M of insurance against loss of these assets.
All fiat deposits are held in Metropolitan Commercial Bank and are covered by FDIC insurance up to $250k USD.
Crypto.com is a substantial and complex business with activity in almost every aspect of Crypto. They have hugely ambitious plans and an experienced team behind them. How all of Crypto.com's various activities and subsidiaries connect together financially is not clear and the extent to which failure in one part of the business could have implications in other areas is also a concern. The method that Crypto.com uses to generate yield on their earn product is not clear, and so we can not be certain of the level of risk they are taking to generate customer returns. We can take some reassurance from Crypto.com's commitment to holding 100% of user deposits in cold storage.
We were not able to find any proof of reserves for Crypto.com. Proof of reserves are normally carried out by an external third party and provide assurance that the company has enough assets to pay out all customer liabilities (deposits) if required.
Withdrawals on Crypto.com are completely automatic and run 24 hours per day. This means that withdrawals are generally very efficicent and in our tests withdrawals were completed in under an hour.
Withdrawals do attract fees, which are generally speaking around $10 USD.
Crypto.com allows you to whitelist external wallet addresses, meaning that funds can only be withdrawn to these addresses. There is also a feature to lock new whitelisted addresses for 24 hours, so that they do not become active until 24 hours after they were setup.
Crypto.com supports 203 different cryptocurrencies and 3 fiat currencies. Key supported cryptocurrencies include Bitcoin, Ethereum, Tether, BNB, USD Coin and XRP. Crypto.com support for fiat currencies includes Pounds Sterling, US Dollars and Euros. The biggest crypto platforms offer support for over 33 different cryptocurrencies.
Support for a larger number of cryptocurrencies is helpful if you are looking for trading opportunities, but may be less important if your priority is long term investment in one of the major cryptos.
Crypto.com offers 24 hour support by online chat, however they do not offer support by email or phone.
Based on a total of 166,283 reviews across the web for Crypto.com we gave the platform an overall rating of 90%.
Overall User Rating |
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166,267 reviews 166,267 |
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Exchange maker fee | 0.4% |
Exchange taker fee | 0.4% |
Fiat deposit fee | Free |
Crypto deposit fee | Free |
Crypto withdrawal fee | Withdrawl fees vary by crypto currency type |
Number of free crypto withdrawals per month | Unlimited |
Crypto.com supports over 300 currencies including Pounds Sterling, US Dollars, Euros and Georgian Lari.
GBP Pounds Sterling | Pounds Sterling |
USD US Dollars | US Dollars |
EUR Euros | Euros |
GEL Georgian Lari | Georgian Lari |
USDT Tether USDt | Tether USDt |
Crypto.com's services are available in the following countries:
Crypto.com's supports the following languages: English, French, Korean, Japanese, Dutch, Turkish, Polish, Brazilian-Portuguese, Vietnamese, Portuguese-Portuguese, Romanian, Spanish, Simplified Chinese, Russian, German, Italian, Indonesian and Canadian French.
Legal name | MCO Malta DAX Limited / Foris MT Limited / Foris DAX Global Limited |
Year founded | 2016 |
Country incorporated in | Hong Kong |
Headquarters country | Hong Kong |
Decentralised | No |
Number of employees | 900+ |
Number of users | 10,000,000 |
Withdrawal time in hours | 1hours more ...0hours |
Savings accounts | Yes |
Loans | Yes |
Crypto to crypto exchange | Yes |
Fiat to crypto exchange | Yes |
Pro exchange marketplace | Yes |
Peer to peer exchange | No |
Corporate accounts | Yes |
Instantly buy crypto with fiat | No |
Integrated crypto wallet | Yes |
Crypto withdrawals to private wallet | Yes |
Fast account verification | No |
Insurance level | $360,000,000USD more ...$0USD |
Cold storage | Yes |
Cold storage custodian | Ledger Vault |
Crypto security standard | Level 3 |
Two factor authentication | Yes |
Know your customer | Yes |
Credit check | No |
Regulators | Financial Institution License and a Class 3 Virtual Financial Assets issued by the Maltese Financial more ... Services Authority |
24/7 support | Yes |
Email support | No |
Phone support | No |
Chat support | Yes |
Maker fee | 0.4% more ...0% |
Taker fee | 0.4% more ...0% |
Fiat deposit fee | Free |
Crypto deposit fee | Free |
Withdrawal process | Withdrawals are fully automatic and are normally completed within an hour or so of the request being more ... submitted. |
Withdrawal time | 1 hours more ...0 hours |
Crypto withdrawal fee | Withdrawl fees vary by crypto more ... currency type |
Independent proof of reserves | No |
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We carefully research products for legitimacy before adding them to the platform.
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