Is Crypto Com Legit? [2022 Review]

If you have an interest in cryptocurrencies, then you must have heard of It is a prominent cryptocurrency exchange that supports trading, investing, staking, wallets, NFTs, and more.

In this review we will take a deep dive into and give you information you can use to determine whether it is the right cryptocurrency exchange for you.

Before I start…

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What is is a prominent cryptocurrency exchange with support for a range of crypto assets and blockchain-related products. Users can buy, sell, and trade an extensive list of currencies, and enjoy relatively low trading fees. Cryptos are a hot topic with investment analysts like Teeka Tiwari and Jeff Brown tackling the subject for the benefit of investors.

It’s crypto ecosystem consists of App, Exchange, DeFi swap and Wallet, Pay, Crypto Earn, Crypto Credit or Debit card and many other services. Is Crypto Com Legit? [2022 Review] 11

It is perhaps best known for having Matt Damon endorsing it in its “Fortune Favours the Brave” ad and being involved in its marketing campaign

This exchange also allows users to stake their crypto or hold it in a wallet for a set period, to earn up to 14.5% interest. Its 10+ million users can grow an interest-earning asset portfolio, get a cashback by using a crypto debit card and even obtain crypto loans without a credit check.

The App allows users to buy over 180 top cryptocurrencies at their true cost, earn high interest on their crypto, manage their Visa Card and easily make crypto payments among many other rewarding features. serves users in up to 90+ countries.

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Who founded was founded in June 2016 by Kris Marszalek (Current CEO) and was first launched as Monaco Technologies. The company was launched with the slogan; “Spend anywhere, without fees”.

Kris MarszalekAt the beginning of 2017, Monaco launched its own token (MCO) which was funded via an ICO (Initial Coin Offerings). The ICO took place from May 18 to June 18, and Monaco was able to raise approximately $26,7 million worth of crypto by selling 12,135,542 MCO tokens, out of 31,587,682 in total supply.

In July 2018, Monaco announced its rebranding to and began shipping its Visa Card just but a few months later. At the same time, the company announced the launch of the Chain with its native Cronos (CRO) token.

Towards the end of 2019, launched its own crypto-to-crypto exchange, aiming to win a bigger market share amongst crypto traders. The company also introduced its Pay, Crypto Earn, and Crypto Credit among other services and Visa cards began being shipped to the United States.

In 2020, the company launched its non-custodial DeFi Wallet and DeFi Swap services, and started delivering Visa cards to its European customers.

That same year also decided to phase out the MCO token completely by swapping it to CRO, meaning that from now on, Visa card users have to stake CRO tokens to earn rewards.

The company’s headquarters are located in Hong Kong while having offices located globally, including Malta, Bulgaria, Singapore, United States, China, Japan, Russia, India, United Kingdom, Australia and Argentina.

Its future plans include scaling the presence of the Visa Card, launching additional features on the Exchange, and further developing its DeFi offerings and NFT platform.

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What products and services does have to offer?

This cryptocurrency exchange has a variety of products and services to offer such as:

Buying and selling of crypto

Since it is an exchange, has over 250 cryptocurrencies to offer its users. Some of the supported currencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), Binance coin (BNB), Solana (SOL), Polkadot (DOT), Polygon (MATIC), and Cardano (ADA).

Aside from that, they also provide there own coin, CRO tokens. If you hold a significant stake in CRO, the company rewards you with lower trading fees, higher staking interest rates, and higher credit card rewards. app app is one of’s best digital assets products and it enables investors to invest in cryptocurrency exchange effectively and easily. The mobile application is beginner-friendly, offering a range of dedicated features, including buy, sell, earn, store, pay your loan using cryptocurrencies and free crypto to crypto exchanges. App

The wallet and app have high security and safety since investors worldwide are operating on this exchange to buy Bitcoin, Dogecoin, Litecoin and other currencies without any risk of fraud. You can buy and sell crypto without the risk of any hidden charges.

With this app, you can earn up to 12% per annum on Stablecoins and up to 6.5 percent per annum on crypto.

There are over 100 cryptocurrencies available at true cost and it allows you to manage the Visa Card. app is now available on both Apple and Android devices. It can be downloaded from the Apple App Store or Google Play App. cashback visa card offers a prepaid Visa card that functions like a rewards debit card and can easily allow you to spend your crypto holdings. Visa Card

The Visa Card is available with five reward tiers based on how much CRO you hold. Each generally provides rebates for certain types of services eg. Spotify, Netflix or even Airbnb, some amount of free ATM withdrawals and anywhere from 1% to 8% cash back.

Users require a stake of 5,000,000 CRO which is about $750,00 to qualify.

If you do not have access to this amount of money, you can opt for a Midnight Blue card that requires no CRO stake and gives you 1 percent cashback on your purchases. You need to stake 5,000 CRO which is about $750 to get the Ruby Steel card, and you will get 2% cashback.

Note that cash back in this case means CRO and you might need to convert CRO into fiat currencies to access your cash back. This also means that the value of your rewards may change unexpectedly as CRO can experience somewhat volatile price swings.

RECOMMENDED: Go here to see my no.1 recommendation for making money online nfts also offers a marketplace for NFTs which is short for nonfungible tokens. NFTs are unique digital assets, often taking the form of artwork or video content. Users can access exclusive NFT collections by A-list artists, musicians, athletes, and brands by signing up to NFT.

We’ve seen many investment gurus talk about it, including guys like Charlie Shrem at the NFT Early Profit Summit and Jeff Brown concerning the NFT Moment Coins. NFTs

The user-friendly platform allows users to buy NFTs using just their credit or debit card and sell collectibles in the Marketplace, where bidding starts at just USD 0.

Reselling will cost you a fee of 1.99%. Creators also pay a 1.99% fee for selling on the platform.

RECOMMENDED: Go here to see my no.1 recommendation for making money online defi wallet DeFi Wallet is developed to offer secured custody and full control of the cryptocurrency. DeFi stands for Decentralized Finance. DeFi wallet helps investors in storing digital assets with utmost security and safety.

Defi wallet

The non-custodial DeFi Wallet enables traders to send cryptocurrency at their preferred network speed. Transaction fees are charged on trading but they are not required to submit their KYC for using the DeFi wallet. DeFi Swap

This is a fork of Uniswap V2 and allows users to swap and farm DeFi coins at the best available rate. In normal circumstances, you pay 0.3% fees for liquidity providers to do this.

You will need to connect Defi Swap to your Defi Wallet account. It is a great decentralized protocol created on the Ethereum network with a structure that prioritizes trust, usability, and transparency.

DeFi Swap

DeFi Swap allows traders to swap ERC-20 and ETH tokens with a simple interface and raise DeFi coins with over 20 times more rewards by CRO staking.

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This feature allows users to receive the best returns by depositing their tokens into the protocol with the highest APY at the time of the deposit. It is currently integrated with Aave Lending V2, Yearn Earn V2, Compound, Cosmos Staking and native CRO Staking.


This product was developed to empower traders and businesses in accepting cryptocurrency payments. No processing fees are on payments made on cryptocurrency transactions. However, a 0.5% fee is charged on payments made through fiat currency.

It comes with an 80% discount when compared to other popular payment processors.

Several forms of crypto trading are possible with this feature, including derivatives trading, margin trading, decentralized token swaps and OTC trading. It is also integrated with other websites with additional benefits.

Furthermore, pay runs several campaigns like trading quizzes, contests, and promotions relating to the distribution of free cryptocurrencies to participants. crypto earn

Crypto Earn allows you to deposit your chosen crypto, earn interest daily and grow your digital assets. Any deposits paid in CRO on this platform are different from CRO staking. The interest you earn fluctuates with the time length of the staked coins.

This product was not approved in Hong Kong, Sar, Malta and Switzerland hence it is not available in the above jurisdictions. crypto credit

Even though it is not fully launched, this is one of the best features in the company’s product line. Crypto credit enables traders to take a crypto loan from the app, make purchases and pay later. You can access the Crypto credit by making a crypto deposit or staking MCO tokens.

A stake of 10,000 MCO tokens offers single access to 6,000 USD credit. To access the credit line, they can also use Bitcoin as security.

There is no deadline for repayment and they do not require a credit check. MCO token use offers low payments and there are no minimum payments.

This product offers you to take crypto loans by depositing different tokens like Ethereum (ETH), Bitcoin (BTC), MCO and CRO coins. It offers a loan-to-value ratio of 50%.

There are four kinds of Stable coins, including USDC & Tether and borrowers can choose from these Stablecoins to receive their credit line. An interest rate of 8% to 12% is charged annually depending on the amount of MCO tokens staked.

It is not compulsory to stake coins to avail a loan.

RECOMMENDED: Go here to see my no.1 recommendation for making money online exchange exchange exchange was launched in 2019 and it supports several major cryptocurrencies, like Bitcoin, Ethereum, Litecoin, EOS, XRP, CRO, MCO, Stellar Lumens and many other Stablecoins and tokens.

The exchange offers additional features, like economical trading fees, deep liquidity, institution-level security, and special rates apply to CRO tokens.

Furthemore, the exchange operates the Syndicate; a fundraising platform enabling CRO holders to purchase tokens at a discounted rate. Whatever the exchange earns from this financial platform, it uses those funds for relevant crypto-related projects.

As a user, you could get a discount of 100 percent on your trading fees depending on your CRO staking and 30-day trading volume. Improved Order Management System and Matching Engine have increased throughput by 10 times.

The unified Websocket API and REST have made this exchange easy to use. exchange offers a robust and strong risk engine with high derivatives trading leverage margin.

The exchange comes with two verification levels:

  • Basic- It consists of data like name, phone number, and email. Once you submit this data, you can move freely and access most of the crypto products and services.
  • Advanced- This level requires the submission of identity documents. There is no limit on the deposits though Bitcoin withdrawals come with a limit. You can withdraw only 100 BTC at a time.

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This is a consumer-based cryptocurrency service based on the Tendermint protocol. The Chain service’s goal is to empower the expanding suite of crypto products. The interface is extremely beginner-friendly and removes all the complications of blockchain to effectively use crypto assets and smart-based products.

There are two available rewards with chain:

  • Block Rewards – These are rewards earned for adding new blocks to the blockchain and validating transactions
  • Transaction Bonus – These rewards are paid when a validator adds over 66% of the pre-commits from different validators in the new blocks they create. This provides additional incentives to the users for improved networking and reduces empty block proposals.

Pay for business

Pay for Business is another payment service that enables you to pay with over 15 DeFi tokens for example BTC, USDC, ETH, CRO, LTC etc. With this service, you can receive gift cards from more than 300 brands in over 30 countries.

You can shop from leading retailers online such as Coinzilla, BC VAULT, and Ledger.

With this payment method, rewards are available based on the level you choose to pay.

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How does work? is available on both your desktop and on your phone via the mobile application.

Once you’ve set up your account and verified your identity, you can trade through its exchange, through the app, or through its DeFi wallet.

The app and the browser are two separate systems on It is easy to move money between the two, but the setup is not intuitive. You might end up staking CRO on both platforms to qualify for different benefits which might not be ideal.

If you stake CRO on either the app or the exchange and leave it alone for more than six months, you can earn interest and unlock benefits.

You may also trade via DeFi wallet as the decentralized exchange helps you swap crypto with other users. This route offers full control of the private keys. For an even faster DeFi swap, a higher fee is required. succeeds in making crypto more accessible though one of the risks is that it does not have the same safeguards as a regular financial institution. If you stake sizable amounts of CRO, you could benefit from both interest and potential currency appreciation.

However, if its currency fails, you could lose your whole investment. Recently, attempted to drastically cut back on staking benefits, but pressure from the community caused it to backtrack and instead reduce but not completely get rid of its benefits.

It is not safe to keep your savings in Crypto. All cryptocurrencies like bitcoin are risky, and you will not have FDIC insurance with crypto exchanges like you would with traditional financial services. If the currency falls, it could wipe out all of your savings.

You may contact the 24/7 customer support for any queries though the official website contains adequate information on all the products.

How to join

To become one of the users of, you are required to go to the official website to sign up and open an account.

During registration, you will be asked to verify your identity. You will need to provide the platform with your full legal name, a picture of a government-issued ID and a selfie as proof of liveness.

To access a Visa card, you will also need to verify your residence address with a utility bill that is not older than 3 months.

It may take up to 3 business days to get your account verified. is a fully regulated crypto company which means that it complies with all necessary financial and risk-prevention regulations. As a result, you won’t be able to use its services, whether it is the App or Exchange, anonymously.

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How much does cost?

The cost of using depends on how you choose to fund your account. is actually offers low fees when it comes to trading fees for centralized exchanges.

Like many other crypto exchange platforms, uses a maker-taker fee structure:

Maker fees

When someone places an order that isn’t completed immediately, such as a limit order, they are considered a maker. The order remains “on the books” until it can be matched with someone else, resulting in liquidity for the exchange.


This is essentially a market order that is matched immediately with an order on the books. In general, taker fees are usually higher than maker fees at each tier.

The higher your 30-day trading volume, the lower your fees. Paying fees using CRO can provide a discount, as well as allow you to earn interest in the form of CRO paid daily. Maker and Taker fees

There are various other fees that you need to cater for once you join These include:

Deposit and withdrawal fees

No fee is charged when you deposit crypto in you account.

However, when you withdraw crypto, fees are charged depending on the cryptocurrency and the network that you use. Your minimum withdrawal amount also depends on the coin.

For example, if you withdraw BTC, you can choose from two networks, BEP20 or BTC. However, with BEP20, you may have to withdraw at least 0.0002 BTC and you will pay a fee of 0.0001. On the other hand, if you use the BTC network to withdraw, your minimum is 0.001 and your fee is 0.0005.

Pay attention to the network being used and consider how the fee might impact what you receive whenever you withdraw your tokens.

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Staking Discounts

Staking refers to the process of locking up crypto coins for a period of time of which people earn interest on those coins. The staking rate varies depending on the duration of the staked coins.

On the account, the higher CRO you stake, the higher will be the discount rates. If you stake more than 500,000, you could earn another 2% on your stake.

Transfer fees

When you do a bank account transfer to buy U.S. Dollar Coin (USDC), you aren’t charged a fee, but warns that you might be charged a fee from your bank. The minimum deposit or withdrawal for bank transfer is 500 USDC, and the fee to withdraw from your USDC wallet is 25 USDC.

Security Measures taken by says security is built into every aspect of its business and systems are stress tested by leading security firms.

It employs various security measures including multi-factor authentication (MFA) and whitelisting, to help keep customer accounts safe. It also keeps funds in cold storage and uses Hacker One, a bug bounty program, to identify weaknesses.

Your cryptocurrencies are held offline in cold storage with partner Ledger Vault. U.S. dollar balances are held by Metropolitan Commercial Bank, a member of the Federal Deposit Insurance Corporation which is a government agency that aims to maintain stability and public confidence in the U.S. financial system. They are insured for up to $250,000. suffered a $34 million hack earlier this year, due to an issue with its two-factor authentication. It reimbursed all user losses and has since set up an Account Protection Programme in certain markets.

The program contains a firewall that protects against network and web application firewalls, a controlled encryption in transit with integrated Transport Layer Security (TLS) across all services, automatic encryption of all traffic and business continuity planning for outages and attacks prevention.

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Pros of

low fees

Compared to other crypto exchanges, offers cheaper fees for trading. To add to that, opening an account with them is free.

Large cryptocurrency selection

With, you can buy and sell with over 180 cryptocurrencies. They also provide their very own coin

Offers a variety of products supports cryptocurrency trading, staking, and swapping. It also offers its own credit card, crypto wallet, and allows users to invest in NFTs.

strong security measures has employed various security measures that ensure that its users accounts and funds are safe and secure.

Cons of

No available educational resources does not have any available educational resources for users who are beginners in cryptocurrency exchange.

Higher fees without cro

You might encounter higher fees while using the platform especially if you do not hold any of their CRO tokens.

poor customer suuport

There have been several complaints from users on the slow and low-quality customer support responses.

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Frequently Asked Questions(FAQs)

is legit?

Yes it is. It is a perfectly regulated and secured financial platform. US client’s fiat balances are insured by FDIC for up to $250,000, providing safety and assurance of funds on this platform. There is no record of thefts or hacks on the website or app.

Is a good investment?

Yes. Investing on is suitable for everyone willing to spend, store, trade, and save crypto. The fees are lower than the average industry rates.

Is my money safe on

Yes. The assets’ safety measures on include a two-factor authentication and 100% cold storage. The exchange is partnered with Ledger, a top hardware wallet provider.

Conclusion is a legit crypto trading platform that makes it super easy to acquire, exchange, and spend crypto.

It is a good choice for cryptocurrency traders looking for a platform with relatively low fees and an extensive list of supported currencies. Users have access to various crypto services such as DeFi Wallet and Swap, Staking, Pay, Earn, Lending and many more.

This makes it an excellent one-stop shop for all things crypto.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

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(This is a 100% free training) Is Crypto Com Legit? [2022 Review] 10

David Fortune has been the editor since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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