Crypto.com is a well-known exchange, and it’s likely you see their advertisements frequently. This trading platform is aimed at first-time investors, and its array of features provides a good newbie experience and easy first crypto purchases. Bank transfer deposits are free, and card deposits are some of the cheapest across all exchanges.
We found trading fees as the biggest downside to Crypto.com, which can sometimes be higher compared to other larger crypto exchanges. Those who trade crypto on a daily basis likely want to explore other exchanges with cheaper trading fees. However, the safety, seamless fiat-to-crypto conversions and solid amount of features make Crypto.com a good option for casual investors.
Crypto.com Features Overview:
- Deposits: Cryptocurrency Bank cardsBank transfers
- Beginner trading: Beginner-friendly interfaceSpot tradingMobile appCopytradingRecurring buys
- Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
- Financial services: Fiat withdrawalsDebit ATM cardsCrypto loansP2P tradingStaking & Earn
- Other features: Gift cardsDark themed interfaceSubaccountsNFT marketplaceWeb3 wallet
Crypto.com Fees:
Direct fiat deposits are available at Crypto.com with:
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
 Credit/Debit Cards | 1.49% | Not available | Instant |
 ACH Transfers (US/USD) | No fee | No fee | 1-3 Business Days |
 SEPA Transfers (EU/EUR) | No fee | No fee | 1-2 Business Days |
 SWIFT Transfers (International) | No fee | $25 | 3-5 Business Days |
 Faster Payments (UK/GBP) | No fee | £1.90 GBP | 1-3 Business Days |
 PIX (BR/BRL) | No fee | Variable | Instant |
 Other Bank Transfers | No fees | £1.90 GBP, $1.99 CAD, SGD 1.99 | Varies |
 Google Pay | 1.49% | Not available | Instant |
 Apple Pay | 1.49% | Not available | Instant |
 PayPal | 2.99% | Not available | Instant |
No additional third-party fiat payment gateways are available.
Crypto.com also has ATM cards in select regions for easy cashing out and spending cryptocurrency.
Supported fiat currencies: AUD, CAD, EUR, GBP, USD, BRL, TRY, SGD, AED.
Fiat deposits are free in every supported currency.
- Tutorials and fees for cash accounts (local currency deposits and withdrawals)
- Tutorial and fees for card, Apple Pay and Google Pay deposits
- How to buy crypto with PayPal (US only)
All cryptocurrency deposits to Crypto.com are free of deposit fees.
Crypto.com Available & Restricted Countries:
Crypto.com Review
Crypto.com is one of the most recognizable names in the cryptocurrency industry. The exchange has been operating since 2019, and made a name for itself with mainstream partnerships, but also convenient beginner-friendly crypto buying.
This exchange is one of the most popular entry points into crypto. Direct deposits are available through bank transfers, cards, and other methods, making this one of the easiest fiat gateways for first-time buyers.
- One of the most regulated and reliable exchanges.
- Free deposits via bank transfers, and very cheap card deposits.
- Staking available for 20+ assets, with APR from 1.5% to 12%.
- Gift cards available in 40+ countries.
- Debit Visa card (both virtual and physical) available for EU and US, Singapore, Canada, and more, with up to 7% cashback rewards.
- Average derivatives trading fees, further discounted when using native token.
- Max 3x leverage on margin, and 20x on futures.
- Many restricted countries for spot trading, and more countries restricted from derivatives trading.
- Frustrating login and ID verification options for desktop-only users, installing the mobile app is mandatory.
- Very high spot trading fees.
In the rest of this review, we’ll take a look at Crypto.com’s features, and do a deeper dive into fees, trading and safety.
Why Use Crypto.com?
Is Crypto.com good for first-time Bitcoin buying?
Crypto.com caters to complete beginners, thus its user interface and overall experience will be easy to use and learn even for those starting out. Crypto.com is one of the best and cheapest exchanges for fiat to crypto conversion. Those buying Bitcoin for the first time will find a varied selection of payment methods such as bank cards, and also bank transfers through ACH, SEPA, SWIFT and Faster Payment systems. PIX payment system is available to users from Brazil, and local bank deposits are also available to users from Singapore and Canada.
Deposits via Google Pay and Apple Pay are some of the cheapest we’ve found. In addition, Crypto.com offers deposits through PayPal, but keep in mind this is only available in United States.
Overall, all payment methods have some of the lowest fees in the industry, with many bank transfers available with zero fees. If you already purchased cryptocurrency elsewhere, you’ll be happy to know Crypto.com does not charge any crypto deposit fees.
Is Crypto.com good for crypto traders?
To offset the cheap fiat deposits, Crypto.com unfortunately has high crypto trading fees. On Spot market, minimum fee per transaction is 0.25%, going all the way up to 0.50% per transaction. These fees are among the highest across all exchanges reviewed by Cexfinder.
Comparison of deposit and trading fees on biggest crypto exchanges. Find exact fiat deposit and crypto trading fees for spot and futures markets, and learn which cryptocurrency exchanges are cheapest.Read Now
Investors who do not intend to trade crypto often and merely need a cheap entry point will find Crypto.com excellent. However, those who plan on trading with their portfolio will find these trading fees completely unacceptable. To see for yourself, you can take a look at our Crypto Exchange Fee Comparison for an easy overview of fees on all exchanges.
When it comes to markets, Crypto.com will let you trade Spot, Margin, Futures, Options, and even traditional markets (some geo restrictions may apply). For traders looking to automate their trades, several basic trading bots are available with no extra costs.
Is Crypto.com good for cashing out crypto?
When the time comes to sell your investments, Crypto.com will let you easily cash out through same bank transfers as deposits. Surprisingly, some of the withdrawal methods do not even have any fees associated. You will not be able to withdraw through Google Pay, Apple Pay, PayPal, or bank cards.
Another convenient way to turn crypto into cash is through Crypto.com’s Visa card, available in United States, Europe, Singapore, Brazil, and other countries. You can pay for everyday expenses with the card at any merchant that supports regular Visa or Mastercard cards, without any additional transaction fees.
You can withdraw up to $200/€200 per month at ATMs without fees, but this can be increased further by holding CRO (exchange’s native token). Similarly, with CRO lockups you can even receive up to 7% cashback on your purchases.
Crypto.com’s Top Features
- Beginner friendly: intuitive interface, lots of guides and tutorials, and responsive customer support all make the exchange very easy to use. Features such as Recurring (scheduled) buys also make investing on a specific schedule convenient for everyone.
- Easy and cheap fiat deposits: as mentioned, this exchange has multiple convenient local currency deposits, and very cheap fees. This makes the platform an excellent entry point into the market.
- Trading markets: beginners will likely only use Spot market, and do not need to engage with other markets to own cryptocurrency. Experienced investors can use derivatives, where trading fees are much cheaper. Margin trading is also available, along with Options and some traditional markets (stocks).
- Passive income: through Earn and On-Chain Staking, customers can earn interest simply by holding assets on the platform. The returns depend on the asset and can change on a daily basis, but at the time of writing users can earn 7% on Solana, and 5% on Bitcoin and Ethereum for a 3-month lockup (APY for 3-month lockups Earn returns). Returns are lower for 1-month lockups, and Flexible staking is also available for no lockup duration. In total, there are nearly 40 assets available for staking. As displayed below, additional assets with various APYs are available for on-chain staking as well.
As for other less used features, Crypto.com users can access crypto loans to borrow funds using their cryptocurrency as collateral. Furthermore, gift cards are available as another means of using digital assets or sending gifts to friends and family. High-risk traders can also use subaccounts to shield their main portfolio from risky trades. Lastly, a decentralized wallet is available for customers who wish to explore web3.
As previously mentioned, Crypto.com also has a Visa debit card, allowing for seamless spending of crypto on any regular merchant, online or offline. Through the Loyalty program, users can even receive massive cashback benefits up to 7%, trading rebates, Earn bonuses, referral bonuses, subscription rebates for Spotify and Netflix, and other benefits.
Topping up the prepaid debit card with crypto surprisingly has a 1% fee. Most exchanges offering ATM cards do not charge any top-up fees. For additional benefits you will need to buy and lock up a set amount of CRO tokens, but the risks and gains depend on each individual investor.
Upcoming features
Crypto.com aims to be the bridge between crypto and traditional finances. Their ambitious 2025 roadmap includes impressive upcoming features such as traditional banking services, stocks and forex trading, credit cards, and more.
Crypto.com's new Level Up rewards program brings traditional banking, credit cards, and stock trading to users alongside unparalleled crypto rewards. This expansion allows users to manage and grow assets on one platform while enjoying exclusive perks and high returns.Read Now
Crypto.com Downsides
1. High trading fees
As mentioned, cryptocurrency trading fees on this platform are very high. While fiat deposits are cheap or free, converting crypto assets on Spot market will take a sizeable chunk of your profits. The fees make this broker unsuitable for day traders. There are ways to reduce fees through high volume or CRO (native token) holdings, but these can be inconvenient and difficult for casual traders.
2. Mobile app
There’s nothing wrong with Crypto.com’s mobile app, except the fact that you must install it whether you want to use it or not. Crypto.com will constantly nag you about the app on its desktop interface, and will even require you to install it to pass the identity verification process. This can be maddeningly frustrating for users who do not wish to trade on their phones, but an easily overlooked fact for those who intend to manage their portfolios on phones.
It’s worth saying that customers from United States can only use Crypto.com through the app. Currently, the PC version is only available to users from other countries.
Is Crypto.com Safe For Buying Crypto?
Crypto.com is one of the safest crypto brokers in the industry. The company has been around since 2019, and is being very transparent with corporate structure and has known CEO, CFO and other executive employees. Crypto.com never had any large scale security incidents, and is one of the most regulated exchanges.
- Crypto.com (and their crypto-related companies and businesses) are licensed and registered in many countries across the world: United States, Canada, Brazil, Australia, Hong Kong, Singapore, South Korea, Dubai, Argentina, and more. In Europe, Crypto.com was the first exchange to secure a coveted MiCA license regulating it across the EEA. In addition, the platform holds additional individual licenses in Cyprus, France, Greece, Ireland, Italy, Malta, Netherlands, Spain, and United Kingdom.
- Exchange publishes a Merkle Tree proof of reserves, which lets anyone independently verify and confirm that all customer deposits are safe and accounted for.
- Account security options include 2-factor authentication, anti-phishing codes, withdrawal locks and address whitelists, and other methods to secure user accounts and prevent unauthorized access.
- Crypto.com partners with or sponsors many mainstream organizations including UFC, Formula 1, UEFA Champions League, LA KINGS, Philadeplhia 76ers, and others.
- Users’ fiat deposits are held in regulated custodian bank accounts. US customer balances are held in FDIC insured banks and depository institutions. Crypto deposits are held in safe cold wallets.
- Platform holds multiple security, privacy and compliance certifications such as ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2022 and PCI DSS v4.0 Level 1 Service Provider. Independent security consulting and auditing is also performed to bolster security and alleviate any safety concerns.
Crypto.com is compliant with law enforcement requests and has mandatory KYC. Overall, there is no evidence of any fraud or scams by Crypto.com. This is a legit exchange, and perfectly safe for buying crypto.
Frequently Asked Questions
- Is Crypto.com available in United States?
Crypto.com is partially available in United States. US-based users can only use the platform's mobile app to buy and trade crypto. Using the web browser or desktop version is currently not possible for anyone from USA.
In United States, Crypto.com holds a Broker-Dealer Registration, Derivatives Clearing Organization (DCO) license, Designated Contracts Market (DCM) license, Money Services Business registration, and Money Transmitter licenses in multiple states.
In the US, Crypto.com customers can even access stocks and ETF trading, which is not typically available on other crypto exchanges.
Worldwide, Crypto.com is restricted to users from China, Russia, Bangladesh, Nepal, Palau, Venezuela, and Hong Kong, among several other countries. View all Crypto.com restricted countries.
- Does Crypto.com have a native token?
Cronos (CRO) is Crypto.com's native token. Using, holding or locking up the CRO token has various benefits, including reduced trading fees, increased limits and cashback on card spending and withdrawals, and additional perks.
You can view CRO's current price and more information on CoinMarketCap.
Have more questions? Contact our team and we’ll be happy to do the research or explain more!
Conclusion – Is Crypto.com Good?
Crypto.com is an excellent platform for first-time buyers. Low fees, convenient payment methods and high regulatory compliance make this broker safe and easy to use for anyone looking to buy Bitcoin. Users can also invest in more than 350 altcoins available on the exchange.
This is one of the largest exchanges in the market used by more than 100 million users worldwide. We’ve found a few downsides on this exchange, mainly relating to the high Spot trading fees. However, when it comes to first-time investing, Crypto.com offers an excellent experience.
In conclusion, if you need a highly secure exchange with easy fiat deposits, Crypto.com is one of the best choices.
Review Score Breakdowns:
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