Crypto.com is one of the most popular names in the cryptocurrency space. The platform aims to make cryptocurrency easy for people by offering a wide range of services to its users. What sets it apart from most platforms is that it offers a trading app, Visa card staking services, loans, DeFi services, and much more.
Crypto.com has proven to be a cryptocurrency trading platform with low fees and generous reward programs. This review delves into the various services offered by Crypto.com and how it compares to other major cryptocurrency exchanges .
Pros and Cons of Crypto.com
pros
low trading fees
high security
Offers a wide range of cryptocurrency services (trading app, wallet, deposit, loan, NFT and DeFi services)
Offers multiple ways to earn rewards and interests
Visa card with cash rewards
Fiat currency deposit and withdrawal options
cons
Currencies are not universally available
Lacks educational resources
Comparing Crypto.com
Crypto.com is one of the leading cryptocurrency platforms that offers users a wide range of services. It is a full-service crypto platform where users can buy or sell cryptocurrencies while securely storing their digital assets. The platform also allows users to make daily purchases using cryptocurrencies, thanks to the debit card offered by the platform.
Crypto.com focuses on high security, low fees and endless opportunities to earn interest and rewards. Unlike other crypto trading platforms, Crypto.com allows users to enjoy other aspects of the market, including DeFi and non-fungible tokens (NFTs).
However, if Crypto.com doesn't offer the full range of services you want, there are other options available. You can explore some of the options we have listed below.
History of Crypto.com
The Crypto.com platform has been around since June 2016. It was founded by its current CEO, Kris Marszalek, and was initially called Monaco Technologies. Its purpose at the time was to allow people to spend money anywhere without fees.
In the first half of 2017, the team launched its own token, called MCO , and it was funded through an initial coin offering (ICO). The Monaco ICO took place between May and June 2017, and the team raised over $26 million from the sale of their MCO tokens.
Monaco Technologies rebranded Crypto.com in July 2018, and the Crypto.com Visa card was also launched a few months later. The team began expanding its services into the cryptocurrency market by launching the Crypto.com Network with its native CRO token.
The expansion continued in 2019 when Crypto.com introduced its crypto-to-crypto cryptocurrency exchange as it aims to become a major player in the cryptocurrency trading market. The team also launched other services such as Crypto.com Pay, Crypto Earn and Crypto Credit and other services. Its Visa cards began shipping to the United States in 2019.
In 2020, Crypto.com was ready to expand again, and this time it entered the decentralized finance market . It launched its non-custodial DeFi Wallet and DeFi Swap services last year, making lending and deposit services available to millions of its users. Crypto.com Visa cards have also started shipping to customers in Europe.
In 2020, the company phased out the MCO token which was replaced by CRO tokens. Crypto.com has over 10 million users globally and has offices in various parts of the world including Hong Kong, India, Russia, United Kingdom, United States, Australia, Malta, Bulgaria, Singapore and some others.
In recent months, the cryptocurrency platform has expanded its Visa card footprint, added more features to the Crypto.com exchange, expanded its DeFi offering, and also launched an NFT platform.