Who Should Use Crypto.com?
Crypto.com is ideal for users who are comfortable using a mobile app and want to fully engage with the platform’s range of features. However, U.S. users need to rely on the Crypto.com mobile app, which provides most of the platform’s functions.
Why Choose Crypto.com?
- Comprehensive Educational Resources
Crypto.com offers extensive educational materials, including in-depth research, analysis, and market updates. This makes it a solid choice for those looking to deepen their understanding of cryptocurrency trading. - Trading Discounts
The platform provides trading discounts based on your activity and CRO token holdings. As you trade more and stake more CRO tokens, you can benefit from reduced fees.
Disadvantages of Crypto.com
- Limited Access for U.S. Users
In the U.S., Crypto.com’s advanced exchange platform is only available to select institutional investors. Most U.S. users are restricted to the app, which lacks some advanced features such as stop-loss limits, one-cancels-the-other (OCO) orders, API trading, and trading bots. New York residents cannot access Crypto.com at all. - High Credit/Debit Card Fees
Using a credit or debit card on Crypto.com can incur fees as high as 4%. Alternatives like ACH transactions may be available, but not all banks are compatible with Crypto.com.
Fees
- Maker-Taker Fee Structure
Crypto.com uses a maker-taker fee model. Maker fees apply when your order adds liquidity to the market, while taker fees apply when your order removes liquidity. Typically, taker fees are higher, but Crypto.com offers reduced fees based on trading volume and CRO token staking. The more you trade and stake, the greater the discount on your fees.