In this Crypto.com exchange review 2022, we will cover deposits, withdrawals, referral code, verification and more. Crypto.com exchange is one of the top Bitcoin and altcoin trading platforms, especially that allows US citizens.
Its important to understand that Crypto.com consists of two applications. First, there was the Crypto.com desktop exchange with advanced trading features and Supercharger on one hand and the Crypto.com mobile app with the VISA CRO card, spot trading and the earn feature.
However, nowadays the Crypto.com exchange has also launched a mobile application and some features are accessible on both platforms like Supercharger. Still, some features are note accessible from both platforms like the CRO VISA card.
In this article, we focus on the Crypto.com exchange which is nowadays both the desktop trading version and the new mobile application.
Crypto.com Exchange Verification Requirements
We list the Crypto.com exchange verification requirements. To be able to deposit, withdraw and trade crypto you will have to pass the advanced level verification which requires
Required Information for Crypto.com verification:
- First and Last name
- Date of Birth
- Mobile number to receive a one-time passcode (OTP)
- ID Submission
It’s possible to connect your Crypto.com app account to the Crypto.com exchange account and duplicate verification procedures are not necessary. The majority of Crypto.com App users who connect their account to the Exchange will be at this verification level.
Crypto.com Exchange Deposits Methods for Fiat
You can deposit USD to Crypto.com exchange via bank transfer from your bank and receive your funds in USDC at a 1:1 ratio
1. To make deposits, you must first have a KYC-approved account.
2. Log in to the Crypto.com Exchange, and click on the Dashboard
3. Here, click on Bank Transfer
4. Set up bank account deposits by submitting your bank information and billing address.
5. It can take up to 3 business days to review and verify your submission. You will be notified once your bank account is verified.
6. When the USDC deposit option is enabled you can use the provided deposit information to transfer USD from your bank account, and receive the funds in USDC at a 1:1 ratio.
Crypto.com Exchange Trading Fees
Below you can find the basic Crypto.com exchange trading fees. These can be reduced if you acheive higher trading volumes based on 30 day average trading volume.
In addition, you can receive lower Crypto.com trading fees if you stake CRO tokens in the exchange application. See this article, for all information regarding Crypto.com spot and derivative trading fees and discounts.
Crypto.com Spot Trading Fees Table and levels
Crypto.com Derivative Trading Fees Table and levels
Crypto.com Exchange Crypto Markets and Volumes
In the table below, you find some interesting information regarding markets and trading volumes on Crypto.com. While 1.3$ Billion in 24h trading volume might not tell you much this is on the 18th place among all crypto leverage trading platforms.
Crypto.com has 178 coins accessible on the platforms and 283 markets. The reason why markets are more than coins are simply because one coin can trade several markets. For example, BTC/USDT, BTC/USDC, BTC/ETH and more.
Crypto.com Crypto Markets and Volumes Table
What is the Crypto.com Exchange Referral Bonus
In the table below, you can see the Crypto.com referral code bonus rewards and requirements.
- Bonus: Signup bonus paid in CRO equal to $10 or $50
- Stake: CRO staking requirements to be eligble for the sign up bonus
- Verification: KYC requirements for the sign up bonus
What is Crypto.com Stake and Earn?
The Crypto.com stake and earn feature let you earn 20% on your CRO holdings.
Yes, 20% which is incredibly high. If you get 20% APY on your holdings you will double your holdings every four year and on top of this the CRO value is steadily increasing against the USD (so far).
There are two different staking oppportunities
- CRO staking
- Soft staking
On top of this, the CRO staking comes with a lot of benefits.
- Earn Rebates
- Earn Interest
- Participate in the Syndicate (read more below)
- Crypto.com Pay rewards
Crypto.com Exchange VS Kraken Trading Platform
Both Crypto.com and Kraken allow US citizens and crypto trader to sign up and use their platforms. Therefor, we decided to compare Crypto.com exchange VS Kraken exchange, side-by-side. As you can see in the table below, we covered
- Trading Fees (Starting at)
- Deposit methods and fees