Crypto.com Review: Is It Safe and Legit?

Crypto.com is a cryptocurrency exchange where you can buy, sell, and trade over 350 cryptocurrencies, including Bitcoin and Ethereum. It’s more than a trading platform: you can also stake your crypto, earn rewards, and make everyday purchases using the Crypto.com Visa Card. 

The app is user-friendly and comes with powerful security features. The platform supports over 100 countries and has a range of tools, including the NFT marketplace and DeFi wallet, to enrich your crypto experience.

In this guide, we will explain what Crypto.com is, does Crypto.com charges fees, and how to use Crypto.com. We will also discuss “Is Crypto.com safe and legit?”

What is Crypto.com?

Crypto.com is a crypto exchange that allows you to buy, sell, and trade over 350 crypto assets, including the likes of Bitcoin and Ethereum. It serves over 100 million users worldwide. The platform also offers other services, including the mobile app, a desktop exchange that can be used for trading purposes, a DeFi wallet for storing cryptocurrencies, and also a marketplace for NFTs. The crypto exchange also allows you to make direct payments using cryptocurrencies.

In addition to this, crypto.com also enables staking and earning rewards of up to 16.64% annually. There’s also a prepaid Visa card to spend your crypto on everyday purchases, earning you cashback rewards of up to 8%.

Crypto.com has a Zero Trust – Defense in Depth security strategy across its systems and platforms. It also involves widely respected security consulting and auditing companies like Kudelski Security to stress test and audit its core blockchain systems. The cryptocurrency exchange maintains licenses and registrations in different jurisdictions to operate legally. In the United States, for example, fiat currencies held by users are placed in custodian bank accounts regulated by the FDIC through partner banks, meaning funds are responsibly backed and accessible to customers up to an insurance coverage of $250,000 in USD.

Crypto.com has made several partnerships in its efforts to expand its services. For instance, it teamed up with Shopify to accept cryptocurrencies as a means of payment. It also secured naming rights for the Crypto.com Arena in Los Angeles and partnered with sports teams and celebrities to brand itself.

Are you a new user? Sign up for Crypto.com today using our referral link and get a $50 welcome bonus, and enjoy reduced trading fees with CRO staking.

User Score

9.5

Exclusive Benefits

$50 Welcome Bonus

Trading Fee Rebates

Who owns Crypto.com?

Crypto.com is a private company founded in 2016 by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. The company is located in Singapore and operates under the legal entity Foris DAX Asia Pte. Ltd. Since it is a private entity, information about ownership details and the number of shares allocated to the founders and other investors is not public.

What are Pros and Cons of Crypto.com?

The pros of the Crypto.com exchange are listed below:

The Cons of the Crypto.com exchange are listed below:

What are Crypto.com supported countries?

Crypto.com is available in more than 100 countries worldwide, such as the United States, Canada, the United Kingdom, Australia, Germany, France, Singapore, Brazil, Japan, and South Korea. However, it is restricted in some countries due to differing regulations. For example, access to Crypto.com is barred to users from Afghanistan, Algeria, Bangladesh, Belarus, Bolivia, and many other countries.

Also, there’s a limitation regarding the services to be accessed that may depend on the region or country where an account holder lives. The Crypto.com Visa Card, for instance, is now available in Singapore and the United States but will be rolled out in the future in other regions, such as the European Union, Canada, Australia, and Brazil.

Is Crypto.com available in the U.S.?

Yes, Crypto.com is available in the United States, offering its mobile app services to users in 49 states and U.S. territories, except for New York. It is available in the states of California, Texas, Florida, Illinois, and Pennsylvania. 

Also, Crypto.com discontinued its institutional trading service in the United States, considering it had low demand. Nonetheless, American users can still access most services within the Crypto.com app, which allows them to buy, sell, and store their cryptocurrencies.

Important note: Crypto.com Exchange is not available to the U.S. citizens.

Is Crypto.com available in New York?

No, Crypto.com is not available in New York. This is because New York has very strict regulations regarding cryptocurrency platforms, including the requirement for a BitLicense issued by the New York State Department of Financial Services (NYDFS). So far, Crypto.com