FAQs
Cons
- Difficult to navigate.
- Some coins and services aren't available in the U.S.
- Poor customer service.
Is crypto com good to use? ›
Crypto.com offers a massive selection of digital assets and has fees that can be quite low. It's good for people comfortable with mobile trading, and those who are interested in add-on services such as credit cards.
Is it hard to get your money out of crypto com? ›
Simply go to the withdrawal drawer in your Fiat Wallet and tap Add a Bank Account. Follow the onscreen instructions and tap Submit to save your bank account.
Can you actually make money on Crypto com? ›
There are many ways to earn a return through crypto.com. The main way is to purchase your cryptocurrency and earn through appreciation. While holding crypto, their Earn feature allows you to earn up to 14% interest on qualifying coins.
Why not to use crypto com? ›
Cons Explained. Higher fees unless you hold and use CRO: Crypto.com users with a significant holding of CRO currency can get discounts on their trading fees. Poor customer support: Customer complaints mention slow and low-quality customer support responses.
Is it safe to link my bank account to Crypto com? ›
Is Crypto.com safe to link my bank account to? Yes. Crypto.com uses Plaid to link your bank account to your exchange account. Your bank login info goes to Plaid, not Crypto.com, and Plaid is a trusted intermediary between banks and financial applications.
Should I trust crypto com? ›
Yes, both Crypto.com and Coinbase prioritize the safety of their users' funds and employ multiple industry-standard security measures.
Which is better Coinbase or crypto com? ›
Coinbase vs Crypto.com cryptocurrency exchange overall score comparison reveals that Coinbase has a higher overall score of 9.1, while Crypto.com gathered an overall score of 6.0.
Is crypto com good for beginners? ›
Crypto.com has more than 250 coins and serves as a marketplace for non-fungible tokens (NFTs). With so many coins and tokens available, it's a great starting place for most beginners. However, if you're in the U.S., you must use the Crypto.com mobile application.
What happens to my money if crypto com goes bust? ›
Cryptocurrency Is Not FDIC Insured
If a bank fails, the FDIC insures deposits. Investors should know that if their crypto exchange goes out of business, no government agency will make them whole. That's different from a bank, where the government insures funds up to account and institution limits.
Fiat Wallet - USD Withdrawal via ACH | Crypto.com Help Center. Crypto.com users can withdraw USD from the App by selling crypto to their USD fiat wallet and transferring USD funds from this wallet to their U.S. bank account(s) on the ACH network.
How much does crypto com charge to withdraw? ›
Apart from standard miner fees, Crypto.com charges about $0,25 in the token you want to withdraw as withdrawal fees. In the case of a fiat bank transfer withdrawal, as of writing this guide, a $50 administration fee will be applied, but it may change in the future.
Can you make a living trading crypto? ›
The potential for earning money through cryptocurrency trading is significant, but it is important to understand the risks involved and the market factors that can affect earnings.
How are people making so much money in crypto? ›
1. Buying and Holding: This strategy involves purchasing Bitcoin or other cryptocurrencies and holding onto them in the hopes that their value will increase over time. If the price goes up, you can sell them for a profit.
How do you take out money from Crypto com? ›
To make a withdrawal:
Open the Crypto.com App and go to "Accounts" Open your Crypto Wallet. Press the "Transfer" button. Press "Withdrawal"
Is crypto com a bad investment? ›
Crypto.com is a safe investment for beginners depends on several factors: Regulation: Check if Crypto.com is regulated in your jurisdiction. Security: Assess the platform's security measures, such as 2FA and cold storage.
Is crypto com a bad review? ›
The people working in crypto.com is what I disliked the most. Worse customer service and the most expensive crypto app to hold. Which can be a hastle as the fee is floating and not a fixed price. It's difficult to get exactly that 30 dollars without having to change the price a few times and that is highly annoying.