Crypto.com is a Hong-Kong based cryptocurrency exchange operating around the world. The company facilitates the buying, selling, and trading of cryptocurrencies. Additionally, they offer resources and services that optimize cryptocurrency exchanges.
Crypto.com’s mission is to accelerate the world’s transition to cryptocurrency. On that note, the company offers several products alongside Crypto.com Exchange. With over 10 million users, it is certainly one of the more popular companies promoting crypto. So let’s have a closer look at the exchange.
What is Crypto.com Exchange?
Crypto.com Exchange allows users to buy, sell, and trade cryptocurrencies. The Exchange lists current cryptocurrency prices, recent changes, and trading volumes. You can monitor the top coins here or shop for any other ones you are looking for.
When shopping, just click the Trade box beside any cryptocurrency to begin your trading experience.
How Does Crypto.com Exchange Work?
If you have a verified account, you can start trading on Crypto.com Exchange. It is very user-friendly and can be used from either a desktop or a mobile app.
First of all, select the cryptocurrency you wish to trade. By default, Crypto.com Exchange lists cryptocurrencies by popularity, which is evaluated based on a mix of market cap and trading volume. With the search bar on the Exchange App, you can easily find the cryptocurrency you are looking for. If Crypto.com offers the digital asset you are looking for, you can start trading right away. Crypto.com Exchange also boasts of over 80 cryptocurrencies at the time of writing, and the company intends to continue adding more.
Once you have selected the cryptocurrency of your choice, you may be prompted to fill out transaction details. You just need to input how much you want to buy. After the transaction details are filled in, you will need to review them. If you are satisfied with the transaction details, you can proceed to lock in the trade.
What Can You Buy on Crypto.com Exchange?
Crypto.com Exchange offers over 80 cryptocurrencies at the time of writing. For example, at the time of writing, Crypto.com Exchange offers these leading cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USD)
- Binance Coin (BNB)
- Cardano (ADA)
- Ripple (XRP)
- USD Coin (USDC)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Binance USD (BUSD)
Crypto.com Exchange Fees
Crypto.com charges users based on a simple, transparent, and inexpensive fee structure. You will have to pay a trading fee, which is expressed in the form of a small percentage of trade balances. You will also have to pay a small withdrawal fee.
Crypto.com Exchange transaction fees range from a minimum of 0.036% to a maximum of 0.4%. The larger the transaction balance is, the smaller the trading fee percentage becomes. Additionally, there are added benefits for staking, transacting, and trading in CRO.
Crypto.com charges consistent, small fees for withdrawals. This makes withdrawals more affordable if your balance is higher. For example, withdrawing Bitcoin will cost you an average of 0.0004 BTC, depending on where you are located in the world.
Is Crypto.com Exchange for You?
Crypto.com offers a broad service that applies to all kinds of cryptocurrency traders and investors. Crypto.com offers many features that are tailored to beginners. They offer educational resources, with simple-to-use platforms and a friendly user interface.
For more advanced users, Crypto.com Exchange offers low fees as well as margin and derivatives trading. Any trader can use the basic features of Crypto.com Exchange at a low cost. To begin transacting in cryptocurrencies, please refer to the Exchange.
How To Sign Up to Crypto.com Exchange
Signing up for Crypto.com Exchange is fairly simple. To begin transacting on Crypto.com Exchange, start by creating an account.
Creating an account is very fast and the process is fairly seamless. The step-by-step process and the information you will need to provide are described on their site. You can choose to register from the website by visiting the Exchange or through the Crypto.com App and provide your country of residence for eligibility and your birth date to make sure you are over 18 years old.
To begin using the Exchange, you will need to go through the site’s verification process first. Crypto.com’s verification process is fairly simple. You will need to provide your full legal name and a government-issued ID with a photograph. Then, you will need to send Crypto.com a selfie, which will automatically be compared with the government ID photo. Once you have been verified, you can connect your payment information to your account and start your trading experience.