Crypto.com Review – Pros, cons and Australian exchange comparisons.

In this comprehensive review of Crypto.com, we will discuss the pros and cons for 2022. We compare the fees and features of crypto.com with the top 5 Australian exchanges. Click the links below in the table of contents for fast viewing or read our complete detailed analysis.

Crypto.com is a global exchange registered in Singapore. It offers services to users in more than 90 countries, including Australia. The cryptocurrency platform supports multiple tokens and has a loyal customer base of 10M users.

crypto.com review

Table of Contents (In-depth review)

PROS

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1. Attractive discounts for users who stake CRO tokens
2. Crypto.com card for cashback
3. Passive income through staking
4. Users can avail loans
5. VIP and institutional services
6. Derivatives trading

CONS

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1. Discounts are available only to users who stake CRO

Fee comparison Table Crypto.com VS the 5 best Australian Crypto Exchanges

Disclaimer: Cryptocurrencies are speculative and may involve significant risks. We are not financial advisors and do not provide advice on any personal circumstances. We have strived to keep our tables as accurate as possible but fees may change from time to time without our knowledge. In some cases, thinkingofbuyingcrypto.com may earn a commission or a fee from its website tables.  

EXCHANGE

CRYPTO ASSETS

TRADING FEES (2022)

EXCHANGE REVIEW

OFFICIAL WEBSITE

DEPOSIT OPTIONS

COINSPOT

RESPONSIVE CUSTOMER SERVICE & LOW MARKET ORDER FEES

4.8/5

RATING 4.8

Thinking of buying crypto rating

300+

Market Orders 0.1%

Instant buy & Sell 1.0%

● PayID
● POLi
● Crypto
● Cash
● Bpay
● Bank Transfer Here

SWYFTX

HIGHLY TRUSTED

4.7/5

RATING 4.7

Thinking of buying crypto rating

290+

0.6%

● PayID
● Osko
● POLi
● Crypto
● Bank Transfer

DIGITAL SURGE

LOWEST FEES

4.7/5

RATING 4.8

Thinking of buying crypto rating

250+

0.5%

● PayID
● Osko
● POLi
● Crypto
● Bank Transfer

COINJAR

GREAT FOR BEGINNERS

4.3/5

RATING 4.3

Thinking of buying crypto rating

30 +

1.0% based on the transaction amount

● PayID
● Osko
● Credit card
● Debit card
● Cash
● Bpay
● Bank Transfer

COINBASE

MOST POPULAR EXCHANGE

3.39/5

RATING 4.3

Thinking of buying crypto rating

95+

Fees vary for australian traders “standard” or “Instant buy/sell”

● Debit card

Fee comparison Table Crypto.com VS the 5 best Australian Crypto Exchanges

Disclaimer:

Cryptocurrencies are speculative and may involve significant risks. We are not financial advisors and do not provide advice on any personal circumstances. We have strived to keep our tables as accurate as possible but fees may change from time to time without our knowledge. In some cases, thinkingofbuyingcrypto.com may earn a commission or a fee from its website tables.  

EXCHANGE

TRADING FEES (2022)

OFFICIAL WEBSITE / REVIEW

COINSPOT

RESPONSIVE CUSTOMER SERVICE & LOW MARKET ORDER FEES

RATING 4.8

Thinking of buying crypto rating

Market Orders 0.1%



Instant buy & Sell 1.0%

SWYFTX

HIGHLY TRUSTED

RATING 4.7

Thinking of buying crypto rating 

0.6%

DIGITAL SURGE

LOWEST FEES

RATING 4.8

Thinking of buying crypto rating 

0.5%

COINJAR

GREAT FOR BEGINNERS

RATING 4.3

Thinking of buying crypto rating 

1.0% based on the transaction amount

COINBASE

MOST POPULAR EXCHANGE

RATING 3.9

Thinking of buying crypto rating

FEES VARY FOR AUSTRALIAN TRADERS "STANDARD" OR "INSTANT BUY/SELL"


What service does Crypto.com offer?

1. Tokens on offer

200+ tokens are available for buying/selling at Crypto.com. Included are many popular metaverse tokens, DIA, Ethereum, ICP and BAND (just to name a few). 

2. Derivatives Trading

Derivatives trading is where a user can bet on the underlying price of the token without purchasing the asset itself. However, derivatives trading should only be carried out by advanced users.

3. Crypto.com Trading Arena

Day traders or more frequent traders will enjoy the Trading Arena section. It has regular prize pools and events in which you can participate in to win attractive prizes. 

4. Crypto.com Native token CRO

The exchange supports a native token known as CRO, and users can get exceptional rebates and discounts if they decide to stake CRO with the platform.

Users are entitled to reduced fees and attractive staking rates for depositing CRO with the site. For staking CRO with the platform for 180 days, a daily 10% interest is paid out to the users.

Crypto.com Syndicate

Through its Syndicate section, Crypto.com provides discounts of 50% on newly listed tokens on the site. It is a great way to add new cryptocurrencies to your portfolio at discounted prices. You need to stake a minimum of 5000CRO to be eligible to participate in Syndicate events. 

All new users who sign up on the platform get a 2% bonus paid out in terms of CRO tokens. $50 is paid out if new users sign up with a referral code and an additional $50 is deposited to users’ accounts who pass KYC.

Crypto.com prepaid cards

Crypto.com offers metal prepaid cards with attractive cashback ranging from 1%-8% depending on the amount of AUD a user decides to stake. For users who stake $500,000 worth of AUD, 8% of cashback in the form of CRO is provided. 

In addition, a Crypto.com card provides free access to airport lounges and other subscription services such as Netflix and Airbnb. The highest tier also provides access to Crypto.com Private service that includes inheritance services, access to research reports, and priority customer care.

Crypto.com leverage facility

A leverage facility is also available for advanced Australian, Canadian or New Zealand traders. For institutional clients, an OTC desk offers trading at attractive rates.

Earn Interest on Idle assets with crypto.com

Users can also earn an interest of up to 14% on idle cryptocurrency assets. The site also pays a fixed 10% interest on stablecoins. 

Crypto.com NFTs

NFTs are also supported on the platform and interested users can buy and sell NFTs through the site.

Crypto.com PAY feature

Crypto.com PAY feature is a feature to provide traders with an option to pay with cryptocurrency. You can pay with 40 supported tokens and also earn attractive cashback of up to 10%.

Moreover, the exchange also provides loans in stablecoins to customers who decide to stake CRO tokens. An interest rate of 8% is charged by the site for providing loans.

Crypto.com VIP services

The exchange also provides VIP and institutional services for high net worth individuals. Company accounts are also provided by the platform at its discretion. Dedicated customer representatives are provided round the clock for such clients. 

Crypto.com Learn section

The Learn section provides updates and news from the world of cryptocurrency. The site also shares regular updates on various tokens through its Learn section. It is an excellent educational resource for customers who are new to cryptocurrencies. The customer care team can also be approached if a customer needs help while navigating the site.

How long has Crypto.com been operational?

Founded in 2016, crypto.com was created by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. Initially registered in Malta, the company later sought registration in Singapore and has expanded to many world regions. 

It has become a leading cryptocurrency exchange and has provided many innovative products to its clients. 

Crypto.com fees 2022

The exchange has a tiered structure for charging fees from customers. Depending on the user’s trading activity and the amount of CRO staked, fees can range anywhere between 0.09%-0.36%. The platform has no hidden fees, and the fee structure is well documented on the site.

The site offers lower trading fees than other counterparts in the industry. For Australian users, deposits and withdrawals in AUD are supported through PayID, Osko, and Poly.

Is Crypto.com a legitimate crypto exchange?

The exchange is registered with the Australian Financial Services License (AFSL), allowing them to offer card services in Australia. It also provides insurance to clients’ funds. Australian users can deposit and withdraw AUD directly on the platform.

The site offers two-factor authentication to add a security layer to clients’ accounts. The assets are held in a mix of hot and cold wallets to ensure additional customer security. The site suffered a breach in the past but could secure the platform quickly, and no funds were reportedly stolen from the site.

Users also get $50 cashback if they verify the account and comply with the Know Your Customer (KYC) requirements.

Can I swap coins on Crypto.com?

Yes. The cryptocurrency exchange supports direct swaps between different currency pairs. You can exchange a supported cryptocurrency like BTC and swap it into ETH easily at the click of a button.

The rewards received in the form of CRO tokens can also be swapped for other tokens.

Crypto.com app

The site also offers an app for users who are busy in their professional lives and cannot access desktops all the time. The app provides full functionality and is available for Android and iOS users.

Users can monitor cryptocurrency assets from the app and also stake them directly. The app can also be used to store cryptocurrencies via the wallet section. 

Crypto.com wallet

The platform provides cryptocurrency wallets where users can safely store their assets. The site monitors assets and trading activity to protect its customers from fraud and malicious actors. The funds are insured, but it is always better to transfer and store funds on a personal hardware wallet, especially if you wish to hold them for the long term. 

However, hardware wallets are expensive, and users can also use software wallets that can be downloaded as applications easily. Many free to use wallets are available for both android and iOS users.

Crypto.com verdict

The exchange provides many additional features to its clients. Staking is available on the site, and the platform also provides a loan facility on cryptocurrency assets at attractive rates of interest. It is a global exchange servicing clients from many regions of the world.

The exchange also provides discounts for customers who own and stake CRO tokens. The platform also provides the option to pay with cryptocurrency and offers a card for easy spending. Attractive cashback options are also available to users who stake CRO tokens.

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