Crypto.com on the exchange: commissions and fees, digital wallet registration without verification, account deposit and reviews.
Crypto.com (initially under the name Monaco) offers cryptocurrency related services. The initial purpose of the company was to offer Visa cards that would make it possible to use cryptocurrencies as a payment method. What are the goals of the website today? Is it worth using and how to do that?
Exchange Crypto.com – general information
Initially the website was launched under the name Monaco and it was founded in the year 2016. The man behind the idea was Kris Marszalek. The change of the name and domain took place in 2018. The initial mission of the platform was to create own payment card based on the Visa network that would make it possible to pay with cryptocurrencies. Such innovation was supposed to facilitate using resources of this type in everyday payments.
What does Crypto.com offer?
- cryptocurrency staking
- cryptocurrency wallet
- opportunity to use the affiliate program
- Visa cards
The browser and mobile wallets on the Crypto.com exchange
The website is available in two versions: mobile and in a traditional web browser. The home page offers a clear interface and simple use in English. It is also possible to switch to Spanish, French, Korean and Italian. The greatest interest, however, is enjoyed by the mobile wallet on Crypto.com. The complicated security measures protect the entered data and effectively prevent virtual robberies. Using this type of solution allows to have a full control over cryptocurrencies and private keys. It is also huge convenience – it allows to access the mobile wallet at any time of the day using the app.
On top of overseeing the wallet, the app also allows to perform all the essential cryptocurrency related operations. It allows to intuitively buy and sell cryptocurrencies as well as analyze the statistics and charts for digital currencies. It also makes it possible to transfer funds between users. The process is performed instantly, and conducting it doesn’t cost any extra commissions or fees.
Fees and commissions on the Exchange Crypto.com
The commissions required by the website are among the lower ones on the market. The basic rate for a “maker” type order is 0.1%, whereas “taker” orders require 0.16%. In certain cases, however, the fees can be minimized. One of the solutions is to amass 10,000 tokens of the Crypto.com Coin cryptocurrency (CRO). This allows to lower the amounts charged by as much as 20%. It is worth noting that new users are exempted from the trading commission for 3 months.
What opinions does the Exchange stock Crypto.com market have? What do they write on the forum?
Although the platform has only been on the market for a few years, it has already found its supporters. The positive reviews for Crypto.com result mainly from the website’s practicality and functionality. It became significantly easier to use after the launch of the mobile app. It allows for easy access to the website at any time from your smartphone.
Satisfied customers also mention that the payment cards provided by Crypto.com can currently be used to make transactions in more than 40 million places. It is widely used by users who are looking for a simple way to purchase digital currencies. The platform is one of the fastest growing projects in its category.
Payment and withdrawal to the account – Exchange stock Crypto.com
The optimal way to smoothly make deposits is to install the Crypto.com app and then choose the cryptocurrency we’re interested in. Once the funds are transferred to the Exchange account, the transaction is finalized.
Before withdrawing money from the platform, we need to register our account for withdrawals. In order to do that, it is necessary to make a small money transfer to the Crypto.com app. That way the account in question will be featured on the list of accounts available for withdrawals. After creating and sending a withdrawal request we need to wait for the request to be accepted. The process usually takes about 3 to 5 business days. Then we have to wait for the bank transfer to clear and after 1 to 2 business days we can enjoy the money on our account on the platform.
In order to transfer the accrued amount to a bank account, we need to use the option “Transfer”, and then “Withdraw”. That way we make a withdrawal, we determine the amount to transfer and the currency.
The following limits apply to withdrawals from Crypto.com:
- minimum withdrawal in the amount of 100 USD (or the equivalent in a different currency)
- maximum daily withdrawal in the amount of 100,000 USD (or the equivalent in a different currency)
- maximum monthly withdrawal in the amount of 500,000 USD (or the equivalent in a different currency)
Registration, verification and logging in on the Crypto.com exchange
Registering an account on the Crypto.com website only takes a few moments, and the whole procedure is intuitive and simple. Upon clicking the “Sign Up” button, a form is displayed that has to be filled out with the basic personal data. Next we specify the password and send the registration request. In order to verify that we’re the person we claim to be, the platform sends a request to verify our identity. We do this by sending a scan of an identity document, passport or driving license as well as our own picture taken with the phone, for example.
The verification process usually takes up to 3 business days, but in many cases it takes much less. Upon a positive decision from the website, we can start using Crypto.com and click the “Log In” button. We log in using the data provided during registration. After conducting said process, it becomes possible to buy, sell and perform other cryptocurrency related operations.