Crypto.com Company Overview, Contact Details & Competitors (2024)

FAQs

Is crypto.com a legitimate company? ›

Crypto.com also implemented the Account Protection Program (APP) for additional security of user funds. Compared to other cryptocurrency exchanges, Crypto.com is decently secure and trustworthy.

Details. The Crypto Company is engaged in the business of providing consulting services and education for distributed ledger technologies, for the building of technological infrastructure and enterprise blockchain technology solutions.

Yes. In the United States, your transactions on Crypto.com and other platforms are subject to income and capital gains tax. If you've earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to the IRS.

While the Crypto.com App is only available on mobile, the Crypto.com Exchange offers both an app and a desktop platform. To start trading on the Crypto.com Exchange, users sign up for a Crypto.com Exchange account and complete the 'know-your-customer' (KYC) procedures.

On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions.

Crypto.com holds a money services business license with U.S. FinCEN, so it's legal in the U.S. It also holds a money transmitter license in every U.S. state that requires it, except New York. It is also available legally in American Samoa, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.

Signs of crypto scams include poorly written white papers, excessive marketing pushes, and get-rich-quick claims. Regulatory agencies, such as your state's consumer protection office or the Consumer Protection Bureau, are the best places to contact if you suspect you've been the victim of a scam.

Crypto.com's main headquarters is located at 1 Raffles Quay (North Tower) #09-06 Singapore, 048583 SG.

Cryptocurrencies are traceable, with transactions recorded on a public ledger accessible to the IRS. The IRS uses advanced methods to track crypto transactions and enforce tax compliance. Centralized exchanges provide user data to the IRS.

Does crypto.com ask for a social security number? ›

Those linking a bank account in the United States will be prompted to enter KYC details to verify their identity, including name, contact information, and Social Security Number. Fully verified users can deposit funds and make withdrawals up to Crypto.com's daily and monthly limits.

The IRS treats cryptocurrencies as property for tax purposes, which means: You pay taxes on cryptocurrency if you sell or use your crypto in a transaction, and it is worth more than it was when you purchased it. This is because you trigger capital gains or losses if its market value has changed.

Crypto.com and Coinbase are both popular exchanges in the United States. Compared to Coinbase, Crypto.com offers a more extensive list of tradable assets and lower trading fees. However, its platform isn't as easy to navigate as Coinbase, and the trading experience isn't as beginner-friendly.

If you prioritize lower fees, high debit card rewards, and want access to options products, Crypto.com may be the better choice. On the other hand, if you are a beginner looking for an easy-to-use platform with extensive educational resources and robust security, Coinbase is likely the better option.

Is there a withdrawal fee for USD? Yes, Crypto.com charges retail users a withdrawal fee of US$45. This fee will be deducted from your withdrawal amount.

If you do want to trust Crypto.com with your funds, it is a highly secure and regulated crypto platform with numerous security certifications and assessments by top security auditors. Crypto.com has obtained the following certificates: ISO/IEC 27001:2013, ISO/IEC 27701:2019, PCI:DSS 3.2. 1, Level 1 compliance and CCSS.

Company Overview

Crypto.com was founded in 2016 in Hong Kong. It currently offers more than 350 cryptocurrencies to over 70 million customers worldwide.

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.