Crypto.com Review UK 2024 – Features, Fees, Pros & Cons Revealed

Crypto.com is one of the fastest-growing cryptocurrency apps in the world. More than 10 million people use the app which is packed full of tools and services suitable for all types of crypto enthusiasts. 

In this Crypto.com Review, we cover everything you need to know regarding its app, fees, supported coins, trading tools, features and most importantly, safety. 

What is Crypto.com?

Crypto.com is a cryptocurrency exchange that was launched on 14 November 2019. More than 10 million people use the Crypto.com app which has helped the exchange to be in the top 10 largest cryptocurrency exchanges in the world, alongside Coinbase, FTX, Huobi and others. 

In the last 24 hours, the Crypto.com exchange had an average volume of $1.8 billion – not far behind Coinbase’s $2.2 billion. So why is Crypto.com now one of the most popular crypto exchanges in the world?

As you’ll see in this Crypto.com review, there are a lot of market-leading features that Crypto.com provide that you will not find anywhere else. A few examples includes a crypto savings account, and a crypto sign up bonus.  

For example, the Crypto.com cards are an excellent feature. You can access Crypto.com Visa cards and receive up to 8% cashback on all your spending. You can also use Crypto.com Pay to pay and get paid in crypto while accessing up to 14.5% rewards on your holdings and instant crypto loans with no deadline. 

On top of an easy to use, feature-rich crypto app, you can buy and sell more than 250+ cryptocurrencies, access crypto margin trading products, buy and sell NFTs (non-fungible tokens), farm DeFi (decentralised finance) tokens and have full control of a secure crypto wallet. 

Supported Coins

Looking to buy cryptocurrency with Crypto.com? As part of this review, you will find you can buy and sell more than 250+ cryptocurrencies through the Crypto.com app. This includes all of the most well-known coins such as Bitcoin (BTC) and Ethereum (ETH), as well as many other altcoins. 

From the Crypto.com exchange app or website, you can only trade crypto to crypto, rather than crypto to fiat (but you can deposit funds in 20+ fiat currencies to purchase crypto and then convert accordingly). This is similar to other cryptocurrency exchanges such as Binance. 

The Crypto.com app has a huge list of crypto coin pairs that you can trade against fiat currencies. Both apps also provide coins trading against the stablecoin Tether (USDT). This digital currency is pegged to the US dollar (USD). There is also a huge list of coins against Crypto.com’s native coin CRO. 

From the Crypto.com app, you can also view coins across different categories such as DeFi, Lending, Memes, MetaVerse, GameFi, Yield Farming, NFT and others. This is a great feature to find supported coins across different crypto sectors. 

For seasoned crypto traders, you can also access supported coins using crypto derivatives and through margin trading. There are more than 40+ quarterly futures trading and perpetual crypto contracts you can trade on and more than 200+ pairs with up to 10x leverage (meaning you can control a position size ten times your trade size). 

Crypto.com is also great if you want to get in at the beginning of a newly listed coin. Through its Syndicate service, you can purchase newly-listed tokens at up to 50% off. 

Crypto.com Fees

When reviewing the Crypto.com fees they can be categorised as payment fees (deposit and withdrawal) and trading fees (for buying and selling). 

Deposit and Withdrawal Fees

Crypto.com does not charge any fees for British pound (GBP) deposits and withdrawals via the UK’s Faster Payment Service (FPS). These are essentially payments via bank wire transfer and can be easily added to your GBP wallet in Crypto.com. 

Also when it comes to GBP deposits the minimum amount you can deposit is £20, with processing times taking up to 7 business days. Also, in terms of deposit limits, this is capped at £250,000 per transaction.

When purchasing crypto via credit or debit card there is a 2.99% fee. However, currently, new users of the Crypto.com app can enjoy 0% credit/debit card fees for any crypto purchases made in the first 30 days. (This offer could change over time). 

There are also no fees if you deposit in cryptocurrency or want to send crypto to other users of the app. However, there are crypto withdrawal fees that vary depending on the cryptocurrency. For Bitcoin (BTC) the withdrawal fee is 0.0001. 

Trading Fees

In this Crypto.com review, we found that the app has a maker and taker fee structure. Most traders will fall under the taker category as you will be using the liquidity from the Crypto.com exchange for your purchases. This is similar to most other cryptocurrency platforms. 

The Crypto.com fees for trading are based on 30-day trading volume. You receive more discounts as your trading volume increases. 

For most people with a trading volume under $25,000 over the last 30 days, you will pay a commission of 0.4% per transaction (when you open and when you close a position). The commission goes all the way down to 0.1% but only if your trading volume is very high. 

If you purchase the Crypto.com native coin CRO, then you can stake CRO and use it to pay your trading fees, saving you even more. You also get 10% per annum on your CRO stake helping you to secure low fees. 

If you are trading derivatives such as crypto futures contracts then there is a 0.07% commission to buy and sell if you are in level 1. 

Crypto.com Fees Summary

Cryptoassets are highly volatile unregulated investment products. No UK or EU investor protection.

Crypto.com Wallet

Having access to a secure crypto wallet is essential nowadays. There are many stories of criminals trying to get access to your coins in cold storage. While you can buy, sell and store your coins in the Crypto.com app, where the exchange acts as your custodian, you can also gain access to a non-custodial wallet that gives you more control. 

The Crypto.com DeFi Wallet allows you full control of your cryptocurrency and your private keys. These keys are encrypted locally on your device using Secure Enclave and protected by Biometric and 2-factor authentication. 

The Crypto.com wallet also allows you to manage all of your coins in BTC, ETH, CRO, ATOM, DOT, LTC and others. You can also send crypto from this wallet and choose your preferred confirmation speed and the network fee. 

One of the major benefits of the Crypto.com DeFi Wallet is the fact you can earn interest on more than 35 tokens with no lock-up and returns of more than 10%. Learn how to invest in DeFi.

Crypto.com Mobile App 

The Crypto.com app is available on iOS and Android devices. It is easy to use and allows you to access a full range of services and features. You can manage your current holdings and view your wallet and also purchase new cryptos at the true cost on the move. 

You can access the beginner-friendly Crypto.com app to purchase coins using fiat currencies or the Crypto.com exchange app to access more trading tools and features. 

This includes access to buy and sell spot and margin cryptocurrencies, as well as the option to stake your coins, lend them out and access a discounted list of the most popular blockchain projects which you can buy up to 50% off. Learn how to invest in Blockchain.

The app also allows you to view charts of different crypto pairs and perform technical price chart analysis while on the move. To access the Crypto.com apps, you will need to be verified first. The apps also come with great security using 2-factor authentication. 

At the time of writing, from Apple’s App Store, the Crypto.com app has a 4.4 rating from 19,000 ratings.

Crypto.com User Experience

Whether you are a crypto beginner or a seasoned crypto trader, Crypto.com offers products and services designed for both. The Crypto.com app is simple to use and great if you want to purchase cryptos using fiat currencies. 

The Crypto.com Exchange app is also feature-rich and comes packed with a lot of different trading tools and features. At first, it can be daunting to look at and there is a bit of a learning curve when using the trading ticket but it offers a lot of very useful features for proper crypto trading.

The home screen allows you to navigate the Crypto.com app easily. You can access the different markets available to trade on from here, as well as your Crypto wallet where you can deposit funds easily through the app – once verified. 

You can also view a list of cryptos that are top gainers, top volume, what’s new and even create your own favourites watchlist. Furthermore, you can see the price gains and losses of each coin easily with the % gain and loss figures on each icon. 

From this home screen, you can also access all the other products available via Crypto.com which includes staking your coins to earn more, lending your coins to earn more, accessing new crypto projects where you can invest with up to 50% discounts and more. 

Once you’ve made a digital currency deposit you can see them easily in the wallets tab. From here and from the trade icon, you can also convert and trade your coins into other coins.

The trading ticket may seem daunting at first but the buy and sell icons are clear, as is the price you are trading at. A market order enables you to transact at whatever the current market price is, so using this feature is the easiest and simplest way to buy and sell. 

Overall, the user experience is a good one. It’s easy to download the app and navigate the different sections. There is also a live chat support function to guide you with any questions and a large library of frequently asked questions. 

Crypto.com Trading Tools

Crypo.com has some really great trading tools for crypto traders. First of all, the cryptocurrency trading charts from the app are clean and responsive. You can view price data as a line chart or as a candlestick chart. 

You can also navigate between different time frames from minute to hourly to daily charts. You can also view volume information regarding how many transactions are taking place on your chosen time period chart. 

You can also access a wide range of order types when you trade. This includes:

• Market Order. This order means Crypto.com will execute your position in under a second at the current market price. 
• Limit Order. This order allows you to pre-select a price level that you want Crypto.com to execute your position at. 
• Stop Loss: This order type allows you to limit your losses by pre-selecting a price level to close out a position in a loss. 

Crypto.com Features

In this Crypto.com review, we found a ton of really great features to utilise. Let’s take a look at them!

Visa Card with Cashback

Perhaps one of the best features of Crypto.com is the ability to access your very own cryptocurrency Visa card which you can use to purchase goods and services. 

But one of the best features of the Crypto.com cards is that you can earn up to 8% cashback in the native CRO coin. However, the amount of cash back you earn as CRO rewards depend on the card you have.

There are a variety of Crypto.com cards available and the features differ for each one. For example, on all of the cards from Ruby Steel to Obsidian, you can claim a 100% reimbursement for a Spotify subscription. Each account type above this offers even more features. 

The Obsidian provides the most amount of features as well as the maxim cashback of up to 8% in CRO rewards. These features include 100% reimbursement of Spotify, Netflix and Prime memberships, access to airport lounges with one guest and access to a private jet partnership.  

To access the Crypto.com cards issued by Visa you need to stake your CRO coin to get access to most of the services. The Ruby Steel card requires £300 worth of CRO to be staked while the Obsidian card requires £300,000 worth of CRO to be staked.  

Earn Up To 14.5% on Your Crypto via Staking

Crypto.com makes staking your coins easy. Currently, it supports more than 40 cryptocurrencies and stablecoins for staking. The rewards vary depending on how long you stake your coins with options available from flexible, 1 month and 3-month terms. 

For example, you can stake your Crypto.com coin (CRO) for 3 months and earn 6% per annum with rewards paid weekly. With Ethereum and Bitcoin, you can earn 6.5% and with some stablecoins such as Tether’s 12% APY. 

Cryptoassets are highly volatile unregulated investment products. No UK or EU investor protection.

Crypto Credit – Borrow Up To 50% of Your Crypto Collateral

Crypto.com also allows you to monetise your crypto assets without selling them. You gain credit on your holdings directly into your crypto wallet with no statement deadlines or late fees and no credit check required. 

For example, you deposited $10,000 in CRO, BTC, ETH, LTC, ADA, LINK, LUNA, SOL and many other coins, you can receive a $5,000 credit in PAX, TUSD, USDC and USDT. This would cost 12% per annum which is around $50.00 interest per month. 

However, if you have more than $40,000 of staked CRO the interest rate comes down to just 8% per annum and $33.33 interest per month. 

Margin Trading – Get 10x Leverage

Crypto.com also allows you to leverage your trading positions through the use of margin. This means you can control a position ten times the size of what you put down. This can help to amplify profits and losses. 

Margin trading is the core concept that underpins the offering of CFD brokers. However, it should only be used for advanced crypto traders as you are opening yourself up to bigger profits and bigger losses. 

Crypto.com NFT Library

In this Crypto.com review, we also found that you can access a large NFT marketplace. Crypto.com makes it easy to buy, sell and showcase NFTs and you can also subscribe for the latest news and collectables – helping you to keep up to date with what’s going on.

Crypto.com Native Coin CRO

As you may have noticed from this Crypto.com review, the native coin for the exchange is CRO tokens after a swap from MCO tokens. It’s very useful for a crypto exchange to offer its own native coin as it helps to facilitate the use of the coin in all of the product offerings available – crypto trading, staking, lending, etc. 

Crypto.com Payments 

With Crypto.com you can deposit and withdraw funds easily. When depositing and withdrawing funds in British pounds (GBP) via the UK’s Faster Payment Services (FPS) for bank transfer there is no charge. 

This is great to know as it can be a challenge to deposit and withdraw funds from cryptocurrency exchanges. You can also easily set up a GBP Fiat Wallet and have funds deposited in your wallet within 4 business days.

Deposits cannot be made by third-party sources such as Revolut and bank account transfers can only be done in the name of the registered Crypto.com account holder. It’s good to see the exchange take anti-money laundering regulations seriously. 

You can also deposit in cryptocurrency without any fees. However, there are crypto withdrawal fees that vary depending on the cryptocurrency. For example, to withdraw Bitcoin (BTC) there is a withdrawal fee of 0.0001. 

When purchasing crypto via credit or debit card there is a 2.99% fee. However, for new Crypto.com app users, 0% is charged on credit/debit card fees in your first 30 days. 

Crypto.com Minimum Deposit

The Crypto.com minimum deposit is 20 GBP and the maximum is 250,000 GBP per transaction. 

Crypto.com Regulation & Licensing

In this Crypto.com review, we found that the exchange became the first global cryptocurrency trading platform to receive a Class 3 Virtual Financial Assets (VFA) Service Provider Licence from the Malta Financial Services Authority (MFSA).

Malta is one of the only jurisdictions that has laid out a clear regulatory framework for digital assets. This enables Crypto.com to provide a compliant trading environment to its users while protecting their funds. 

At the end of 2020, Crypto.com also secured an Australian Financial Services License (AFSL) through its acquisition of The Card Group Pty Ltd. This has enabled Crypto.com to partner with Visa to offer the Crypto.com cards. 

Crypto.com Contact and Customer Service

You can access customer support via a live chat icon from its website 24 hours a day, 7 days a week. Furthermore, you can access a really good range of articles, guides and frequently asked questions from the Crypto.com help centre. 

This has a ton of resources related to the Crypto.com app, Visa card, DeFi wallet, tax, NFTs and more. You can search for help in the live chat box or request to speak to an agent. This is a great feature to have, especially when you have any issues or questions.  

How to Buy on Crypto.com

Here is a step by step instruction on how to buy digital assets on this popular crypto lending platform: 

1. Download the App

You can download the Crypto.com app from the Apple App Store or Google Playstore and be up and running in seconds. 

2. Create Your Account

To create a Crypto.com account, you just need to fill in your email and some personal details. You will then be sent an email to verify your email address. 

3. Verify Your ID

To comply with AML and KYC regulations, Crypto.com will need to verify your identity. You can do this easily from the app by uploading your own documents or using the camera feature. 

You will then need to write a handwritten note and take a selfie with your note and ID in the same image. It’s great to have this layer of security and safety right from the beginning. 

4. Deposit Funds

As you may already know from this Crypto.com review, you can deposit funds in GBP via the UK Faster Payment Service (FPS) fee-free. You can also deposit crypto fee-free. 

5. Buy Crypto!

Once you’ve deposited some funds into your account (fiat currency or cryptos), you can now purchase any other crypto offered by Crypto.com – there’s a lot to choose from! If you prefer to have more control over your pricing and where you get entered you can use the Crypto.com exchange to convert your crypto into another crypto. 

The Verdict

Even though Crypto.com is newer than other cryptocurrency exchanges it has risen among the ranks to be a leader in its sector. The number of crypto offerings serving beginners and seasoned traders alike is excellent. 

Not only can you easily buy, sell, store and transfer crypto but you can also stake and lend your coins to earn even more. There is also the Crypto.com cards issued by Visa which is a great feature many other crypto exchanges do not provide. 

In this Crypto.com review, we were particularly impressed with its level of safety and security as they are regulated and licensed by the Malta Financial Services Authority and hold an Australian Financial Services Licence. 

The Crypto.com app is packed full of features and is easy to use. Open an account today and view all of the services and features for yourself!

Crypto.com – Overall Best Cryptocurrency Exchange

Cryptoassets are highly volatile unregulated investment products. No UK or EU investor protection.

Frequently Asked Questions on Crypto.com