Review on Crypto.com Exchange by Japheth Ayuba
Without holding CRO, Crypto dot com isn't really ideal
The Crypto dot com exchange is one of the new leading exchanges today that opened its doors in 2019 but has grown and is still growing to be one of the biggest Centralized Exchange today. There are so many features that makes this exchange a unique one and is responsible for it's explosive growth. Signing up on this exchange comes with a $50 sign up bonus incentive for every new user and affiliates. This bonus is offered on its exchange native token CRO. The CRO which is an ERC-20 token comes with a lot of perks for holding and this includes staking rewards, holding of CRO makes one eligible to receive the Crypto dot com Metal Visa card which also comes with a lot of perks such as 100% cash rebates on Spotify and Netflix, no annual fees, no ATM fees etc. Staking CRO gives the user eligibility for requesting a loan from this exchange. Trade fees on this exchange are moderately high at 0.2% Takers fee. Although this fee can be reduced to even a -0.005% taker fee for holding CRO. Holding CRO also reduces amount paid as fees on this exchange. Around 66 cryptocurrencies are supported on this exchange and other Fiat currency too. The exchange makes KYC/AML.a compulsory procedure for all it's users and boasts of a good security features. It appears regulated but by which Government is what unknown. Getting to enjoy this exchange is only possible when holding CRO else, this exchange is more like any other exchange out there
Pros
- An exchange that comes with a Crypto debit card offered by Visa with rebates for making purchases and no annual fee charged
- Traders can earn staking rewards for staking their coins on the exchange
- There is a $50 referral incentives for new sign ups and affiliates
Cons
- Has had several issue before launch
- 0.2% trade fees which is close to the market average of 0.25%
