Is Crypto.com Broker Good for Investing?

Crypto.com What is it?

Crypto.com is an exchange that is currently considered one of the largest exchanges in the world. A company that offers many services and products such as investment, trading, staking and cryptocurrency wallets, as well as NFTs, debit cards and much more. The exchange was established in Hong Kong in 2016.

Founded in 2016, the exchange has more than 10 million users in 90 countries.

Despite not being Brazilian, Crypto.com caters well to Brazilians. Deposits can be made through PIX, physical cryptographic debit cards can be purchased and there is also a Portuguese language option on the platform.
Currently, the exchange offers the possibility to invest and trade more than 150 cryptocurrencies. In addition, Crypto.com offers other services such as cryptocurrency debit cards, decentralized exchanges, non-custodial cryptocurrency wallets and NFT platforms. Users can also earn an annual return of up to 14.5% by staking their cryptocurrency.

Crypto.com also has its own cryptocurrency CRO which can be used to get higher tier cards and discounted rates.

Crypto.com security, is it reliable?

It can be said that Crypto.com is reliable and secure, after all, the exchange offers its users multiple security options, including two-factor authentication (2FA) and a whitelist for withdrawals.

In addition to security measures for users, the exchange uses robust compliance monitoring and stores customers’ deposits offline in cold wallets to reduce the risk of hackers. The exchange is also partnering with local US banks to provide FDIC insurance on dollar balances of $250,000.

rates

New Crypto.com users with no CRO staked will pay a 0.4% fee on each transaction. These fees can be considered exorbitant compared to competitors. Binance, for example, has fees below 0.1%.

Users with stored transaction volume above $25,000 receive up to 0.04% lower fees. These tax deductions also allowed users to have a minimum balance of 5,000 CRO on the exchange.

Crypto.com crypto debit card

Crypto.com’s cryptocurrency debit card, now available in Brazil, is one of its most acclaimed products. With it, you can use your exchange cryptocurrency balance to make purchases in physical stores and online. Additionally, users can receive anywhere from 1% to 8% cash back, depending on the card tier.

The card has no annuity or annuity, and is very simple and quick to apply. Just register in the app, send documents (KYC) and place an order. It’s a matter of a few hours and you’ll already have your virtual card and you can ask for your physical card, which in a few days arrives at your home.