How does Crypto.com make money? (2024)

FAQs

How does crypto.com make money? ›

Crypto.com, as it currently exists, earns most of its money executing trades for clients via its smartphone app. (The company courts the small investor, and several people I talked to compared it to the investing app Robinhood.) Charging fees to trade cryptocurrencies is a lucrative business.

How Does Crypto Make You Money? There are several ways cryptocurrency can make money for you. Decentralized finance applications let you loan your crypto with interest; you can stake a compatible one on a blockchain or at certain exchanges for rewards, or you can hold on to it and hope its market value increases.

Like the best crypto exchanges, Crypto.com is a great option for investors searching for a large cryptocurrency and stablecoin selection. In addition to cryptocurrencies, the platform offers a DeFi wallet, NFT trading platform, Visa card perks, and shopping options.

Daily Interest Rates | Crypto.com Help Center. Interest rates for your Margin positions(all negative balances) are calculated on an hourly basis at the bottom of the hour. If you have borrowed for less than 1 hour, the interest rate will still be calculated as if Virtual Assets are borrowed for 1 hour.

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.

In January 2022, Crypto.com staff admitted that it lost $30 million in a hack of the Because the exchange keeps all of its customers' funds in cold wallets, however, none of Crypto.com's 50 million users lost any crypto or cash.

Crypto.com keeps it simple using the maker-taker model, with rates ranging from 0.0% to 0.75% for maker fees and 0.05% to 0.075% for taker fees. Investors pay additional fees for using credit cards.

Crypto.com is a safe cryptocurrency exchange platform due to its robust security infrastructure. First, the platform employs multi-factor authentication (MFA), which adds an additional layer of security by requiring multiple forms of verification before granting account access.

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.

Is crypto.com still worth it? ›

The long list of currencies, low pricing, and additional features make Crypto.com suitable for beginner to advanced cryptocurrency users. However, beginners may find the plethora of features intimidating. Overall, Crypto.com is best for those who want to do more with their cryptocurrency than simply buy and hold.

Crypto.com

While the platform doesn't offer margin and derivative trades, the platform has relatively low fees. Fees: Crypto.com offers fees of 0.075% for traders with a monthly volume lower than $250,000.

Conversion business model

Crypto.com earns billions of dollars per year through its other products such as the crypto exchange. Crypto.com is notorious for charging high fees to users that buy crypto in their app. The company gets away with it because many of its users are new to crypto.

Crypto Staking — Crypto.com | Earn up to 16.64% per year by staking with us.

Crypto.com keeps it simple using the maker-taker model, with rates ranging from 0.0% to 0.75% for maker fees and 0.05% to 0.075% for taker fees. Investors pay additional fees for using credit cards.

Deposits on Crypto.com are fee-free, while withdrawal fees may apply. Trading fees range from 0.04% to 0.20%, depending on the type of trading and services used.

Your virtual assets are stored 100% safely and perfectly.

Our users can verify our reserves and their funds through our Proof of Reserves verification page, conducted by an independent third-party.

Unlike a centralized custodian on the Crypto.com App, you have complete ownership of your crypto when they are stored in the Crypto.com Wallet.