How To Use Crypto.com? Step-By-Step Guide

Crypto.com, a prominent cryptocurrency ecosystem, is home to over 50 million users, offering access to 250+ cryptocurrencies and its proprietary blockchain, Cronos (CRO).

Moreover, it provides a range of services such as crypto debit cards and staking.

Additionally, Crypto.com has forged significant partnerships in the world of sports and entertainment, collaborating with renowned entities like F1 teams and NBA.

Notably, the platform’s ambassador is none other than the acclaimed actor, Matt Damon.

Furthermore, for those seeking valuable insights on utilizing Crypto.com, CoinMarketCap Academy serves as a valuable resource.

How to use crypto.com — Crypto.com is a platform that allows you to buy, sell, and store cryptocurrencies: Photo source (Crypto.com)

Table of Contents

What Is Crypto.com?

Crypto.com provides an all-in-one solution for cryptocurrencies, with several services covering all its customers’ needs. It consists of several products:

Pay
Earn
App
DeFi Wallet
Crypto Exchange
Syndicate
VISA card

Crypto.com Pay

Crypto.com Pay enables shopping at online retailers accepting cryptocurrency payments.

Merchants enjoy low fees (0% for crypto, 0.5% for fiat), a competitive advantage over traditional providers.

However, limited retailer integration hampers its potential.

Some WooCommerce stores accept crypto.

The platform also offers options like buying gift cards and phone top-ups with cashback, though spending crypto might not be ideal for those expecting its value to rise.

Also read: What does it mean to burn crypto?

Crypto.com Credit

Crypto.com Credit allows collateralized loans up to 50% of asset value, without KYC requirements.

This appeals to investors leveraging crypto assets, though it poses currency risk.

Not applicable in US, UK, France, or Germany. Staking CRO tokens can reduce fees for eligible users.

Crypto.com Earn

Crypto.com Earn functions like a high-interest savings account for crypto assets. Users deposit their funds and earn fixed interest rates ranging from 8% to 14%, higher than traditional savings accounts.

The longer the funds stay deposited, the higher the potential yield.

Crypto.com App

The Crypto.com App allows you to buy and sell cryptocurrencies when you are not at your desktop.

You can also track your investments and current prices with it.

On Trustpilot, users praise the app as sleek and easy to use.

Crypto.com DeFi wallet

Crypto.com DeFi wallet offers non-custodial storage for 100+ coins, allowing users control and the ability to stake CRO for higher APRs.

Designed for experienced crypto users valuing full token control.

Crypto.com Exchange

Crypto.com exchange provides 100+ trading currencies with fee discounts based on trading volume and staked CRO.

Users have basic and advanced verification options; basic requires minimal details but limits withdrawals, while advanced allows full access and up to 100 BTC withdrawals post-KYC process.

Crypto.com Syndicate

Crypto.com Syndicate is a platform for projects to list coins.

Staking 10,000 CRO allows dibs on tokens, but rewards might be disappointing.

Maximum allocation for 10,000 CRO is 1,000 tokens, but actual allocation varies, potentially resulting in low-value rewards.

Crypto.com VISA Cards

Crypto.com VISA cards, available in select regions, are a key product.

Options include Midnight Blue (free, 1% cashback, free withdrawals, and FX transactions), Ruby Steel (2% cashback, $400 free ATM withdrawals, Spotify discount with $400 CRO staking), and premium cards like Royal Indigo/Jade Green (3% cashback, lounge access, Netflix/Spotify discounts, $4,000 staking).

Higher-tier cards (Icy White, Obsidian) offer 5-8% cashback and more perks but require substantial staking, deterring most users.

Where Is Crypto.com Based?

Crypto.com, headquartered in Hong Kong, is regulated in 49 US states (excluding New York) and holds an MFSA Class 3 license for custodial services.

It collaborates with regulators, offering integrated VISA cards.

Available in various countries, its VISA card is offered in select regions, including the US, Canada, Asia Pacific, and EU.

The platform continues efforts to expand services and obtain approvals for broader international presence.

How Safe Is Crypto.com?

Crypto.com, a secure platform, follows strict security standards including ISO certifications, PCI:DSS compliance, and cold storage for user funds.

It has a $100 million insurance policy and employs 2FA.

Despite a recent hack, it introduced WAPP and plans to implement multi-factor authentication.

How To Stake on Crypto.com?

You can stake on Crypto.com with its Earn program. Here is what you need to do:

Download the Crypto.com app.
Deposit cryptocurrency in your Cryptocom account.
Choose the crypto you want to stake.
Set your staking period from a week to several months.
Stake your cryptocurrency and earn passive income with staking.

How To Withdraw Money From Crypto.com?

Withdrawing money from Cryptocom is simple and takes only a few steps:

Open your Cryptocom app.
Link the bank account you wish to withdraw money to.
Click on “Transfer.”
Select “Withdraw” in the pop-up.
Select “Fiat” in the following pop-up to withdraw in fiat.
Select “Withdraw Fiat to your bank account.”
Choose your desired currency and enter the withdrawal amount:
Click “Withdraw” and wait for your money to arrive.

To withdraw on Crypto-com, your account needs to be at least a starter level or higher.

How To Transfer Money From Crypto.com to a Bank Account?

You follow the same process as when you want to withdraw money from Crypto.com:

Open your Cryptocom app.
Link the bank account you wish to withdraw money to.
Click on “Transfer.”
Select “Withdraw” in the pop-up.
Select “Fiat” in the following pop-up to withdraw in fiat.
Select “Withdraw Fiat to your bank account.”
Choose your desired currency and enter the withdrawal amount:
Click “Withdraw” and wait for your money to arrive.