crypto.com

crypto.com

Crypto.com is a Hong Kong-based crypto exchange that also offers crypto savings accounts and crypto loans.

Savings Accounts
35
Collateral
7
Loans
Clarity of interest policies
Jurisdictions
200+
Languages
EN + 6
CeFi/DeFi
CeFi

Pros

  • Savers can choose from a wide range of cryptocurrency savings accounts

    Currencies

  • Compared to other platforms, savers who have large deposits in their savings account (Whale) also receive a high interest rate if they meet certain prerequisites.

    Savings Accounts

  • Feature-rich wallet administration

    Wallet Admin

Cons

  • Relatively low rates for low and high deposits (shrimps & whales) if the user doesn't stake CRO. To get higher rates, the user has to stake a relatively high amount of CRO

    Savings Accounts

  • Once the loan-to-value ratio exceeds the critical liquidation threshold, crypto.com has the right to liquidate 100% of the loan collateral. Typically, crypto lending platforms will only liquidate to re-establish the agreed LTV

    Loan Liquidation

  • The lending features are only available on the crypto.com moile App, not on the desktop version

    Desktop App

  • Relatively high minimum amounts for crypto savings accounts compared to other platforms (around 200$ depending on the currency)

    Minimum Deposit

  • The deposit limit is 500,000 USD. The limit is calculated using the price of the cryptocurrency when starting the earn term.

    Deposit Limits

  • Lending services are not available in Hong Kong, Malta, Switzerland, and the US states of American Samoa, Guam, Northern Mariana Islands, Puerto Rico, Virgin Islands

    Countries

  • Customer support answers specific questions with general answers that provide little value

    Customer Service

All cons

The interest rates at crypto.com

  • Earn Interest
  • Borrow Money
CRO
CRO
BTC
BTC
ETH
ETH
USDT
USDT
BCH
BCH
LINK
LINK
BNB
BNB
LTC
LTC
ADA
ADA
USDC
USDC
XLM
XLM
ATOM
ATOM
DAI
DAI
VET
VET
ALGO
ALGO
BAT
BAT
EGLD
EGLD
TUSD
TUSD
PAX
PAX
MANA
MANA
ENJ
ENJ
PAXG
PAXG
TGBP
TGBP
TAUD
TAUD
TCAD
TCAD
CELR
CELR
DOT
DOT
UNI
UNI
SOL
SOL
AVAX
AVAX
ONE
ONE
MATIC
MATIC
ZIL
ZIL
NEAR
NEAR
FTM
FTM
2 - 4%
2 - 0.6%
0.2 - 4%
0.2 - 0.6%
0.2 - 4%
0.2 - 0.6%
0.4 - 6.5%
0.4 - 1%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.4 - 6.5%
0.4 - 1%
0.1 - 3%
0.1 - 0.4%
0.4 - 5%
0.4 - 0.8%
0.4 - 6.5%
0.4 - 1%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.4 - 5%
0.4 - 0.8%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 0.4%
1.1 - 12.5%
1.1 - 1.9%
0.1 - 3%
0.1 - 0.4%
0.2 - 4.5%
0.2 - 0.7%
0.2 - 6%
0.2 - 0.9%
0.2 - 6%
0.2 - 0.9%
1.1 - 12.5%
1.1 - 1.9%
0.2 - 6%
0.2 - 0.9%
0.2 - 6%
0.2 - 0.9%
0.4 - 5%
0.4 - 0.8%
2 - 4%
2 - 0.6%
0.2 - 8.5%
0.2 - 7%
0.1 - 8%
0.1 - 12%
0.1 - 8%
0.1 - 8%
0.1 - 8%
0.1 - 10%
0.4 - 12%
0.1 - 8%
0.4 - 8%
0.3 - 12%
0.1 - 3%
0.1 - 0.4%
0.1 - 3%
0.1 - 2.5%
0.1 - 3%
0.1 - 1.3%
0.4 - 5%
0.4 - 0.8%
0.1 - 12%
0.1 - 12%
0.1 - 3%
0.1 - 3%
0.1 - 7.2%
0.1 - 9.3%
0.1 - 9.3%
0.1 - 9.3%
0.1 - 3%
0.1 - 0.4%
1.1 - 15%
0.1 - 3.3%
0.2 - 10%
0.2 - 12%
0.2 - 6%
0.2 - 0.9%
1.1 - 16%
0.2 - 6%
0.2 - 0.9%
0.2 - 10%
0.4 - 8%

How to earn the highest interest rates with crypto.com

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Crypto.com offers bonus interest if you hold a minimum amount of CRO Tokens (the native cryptocurrency of the platform) in your wallet.

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Crypto.com also offers higher interest rates if you choose a longer lock-up period. You can select either flexible, 1-month, or 3-months periods.

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The base rate for crypto.com is the rate savers get for a flexible term and if they don't meet the minimum CRO staking requirements. The maximum rate is the rate for a 3-months term and a CRO-stake equivalent of $40,000 or more.

BTC
BTC
CRO
CRO
EOS
EOS
ETH
ETH
LTC
LTC
XLM
XLM
XRP
XRP
Basic
Min
12%
8%
12%
8%
12%
8%
12%
8%
12%
8%
12%
8%
12%
8%
Basic
Min
11.7%
0%
12%
8%
11.6%
0%
9.5%
0%
11.7%
0%
10.9%
0%
13%
0%

How to get the cheapest crypto loan with crypto.com

check-circle-orange

Crypto.com offers borrowers lower interest rates if they keep a minimum amount of CRO tokens (the native cryptocurrency of the platform) in their wallets.

Lending not a priority

Crypto.com is not a pure lending platform and the focus seems to be on their exchange services rather than on crypto lending. Compared to some of the pure players, crypto.com is a rather average lending platform.

crypto.com

crypto.com in the CryptoStudio-Check

Overview
Platform Score
based on 5 categories
Search icon Savings Accounts
based on 9 criteria
Search icon Crypto-Loans
based on 10 criteria
Search icon Security
based on 8 criteria
Search icon User Experience
based on 13 criteria
Search icon Business Review
based on 5 criteria

Savings Accounts
Rating:
Search icon Currencies:
35: CRO, BTC, ETH, USDT, BCH, LINK, BNB, LTC, ADA, USDC, XLM, ATOM, DAI, VET, ALGO, BAT, EGLD, TUSD, PAX, MANA, ENJ, PAXG, TGBP, TAUD, TCAD, CELR, DOT, UNI, SOL, AVAX, ONE, MATIC, ZIL, NEAR, FTM
Search icon Shrimp:
Investors whose investment amount is less than <30,000 USD count as shrimp at Cryptocom and receive an interest of 0.2 - 4% on BTC, 0.2 - 4% on ETH, 0.4 - 6.5% on USDT.
Search icon Whales:
Investors whose investment amount is above >30,000 count as Whales at Cryptocom and receive an interest of 0.2 - 0.6% on BTC, 0.2 - 0.6% on ETH, 0.4 - 1% on USDT.
Search icon Options to earn higher rates:
There are different staking levels and lock up periods to choose from. Investors can only get the highest interest rate within the related interest range on their cryptocurerncy if they choose the maximum staking level and the longest lock up period.
Search icon Lock-up Periods:
Flexible, 1 months, or 3 months
Search icon Minimum Deposit:
Depending on the currency and lock-up period
Search icon Withdrawal Limits:
10 BTC for all cryptocurrencies on a 24h rolling basis
Search icon Currency of Interest Payments:
"In-kind" (same currency as deposit currency)

Did you find outdated information? Write us a message.

Crypto Loans
Rating:
Search icon Maturity:
12 months
Search icon Minimum Loan:
100 USD
Search icon Maximum Loan:
1 million USD
Search icon Loan currency:
Crypto
Search icon Accepted Collateral:
7
Search icon Loan Liquidation:
There are Margin Calls at 70% and 80% LTV. Crypto.com liquidates at 85% LTV. At this point, Crypto.com has the right to liquidate 100% of the borrower's collateral
Search icon Stress Test:
There have been no public reports on crypto.com's reactions during the Crypto Flash Crash
Search icon Base Rate:
12.00% for all loans
Search icon Minimum Interest:
Crypto.com offers lower rates if borrowers own a certain amount of CRO tokens. The minimum rate currently stands at [variable borrow_rate BTC] for all loans
Search icon Loan to Value Ratio:
50%

Did you find outdated information? Write us a message.

Security
Rating:
Search icon Withdrawal Speed:
10 BTC for all cryptocurrencies on a 24h rolling basis
Search icon Regulations:
The Crypto.com exchange is regulated in Malta
Search icon Team Transparency:
The management team is mentioned on the website
Search icon Crypto-Custody:
Crypto.com has a $750 million direct insurance policy by Arch Underwriting at Lloyd's Syndicate
Search icon Security Settings:
Crypto.com offers most industry-standard security settings such as 2-factor-authentication address whitelisting, ID Check, and facial recognition
Search icon Terms & Conditions:
Crypto.com has the right to use the assets deposited by savers or borrowers for investment purposes. That includes giving loans to third parties
Search icon Transparency:
The company does not regularly publish any platform-specific KPIs
Search icon Security Hacks:
In January 2022 hackers circumvented passwords and 2FA of some users and stole a total of $30m. According to cryptocom all affected users have been reimbursed

Did you find outdated information? Write us a message.

User Experience
Rating:
Search icon Account Opening:
Registration is only possible through the mobile app. The process can be confusing due to ambiguous instructions
Search icon Business Accounts:
No
Search icon Mobile App:
Android and iOS, can be used as a standalone App, mobile-first approach
Search icon Desktop App:
The desktop app only offers Crypto.com's exchange services, but not the crypto lending features
Search icon Wallet address book:
The desktop app only offers Crypto.com's exchange services, but not the crypto lending features
Search icon Reporting:
The reporting shows the total interest earned. The user receives a comprehensive email reporting after each investment term. It is possible to download a CSV file showing the wallet history
Search icon Coin-Reporting:
Crypto.com provides a reporting in the respective cryptocurrency and in US dollar
Search icon Look & Feel:
Well-designed UI, feature-rich
Search icon Customer Service:
24/7 live customer chat support, no dedicated FAQ for crypto lending, customer service answers questions quickly
Search icon Clarity of interest policies:
The website clearly explains the crypto.com's interest rates policy, but it is not clear what happens if the user doesn't meet the requirements for maximum interest rates anymore due to a loss in value of the CRO token
Search icon Countries:
200+
Search icon Fees:
Crypto.com charges withdrawal fees
Search icon Languages:
EN + 6

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Business Review
Rating:
Search icon Financing:
Crypto.com raised $26 million with an ICO in 2017. The company is not yet profitable
Search icon CEO Track Record:
CEO and founder Kris Marszalek has cofounded several businesses prior to founding crypto.com, with successful exits
Search icon Assets under Management:
Crypto.com does not publish any data regarding their overall AuM specifically for their lending business
Search icon User Base:
Crypto.com does not publish and data specifically for their lending business. The company has also not provided any information to CryptoStudio
Search icon Community Interaction:
Does participate in public discussion online but does not provide detailed answers to CryptoStudio's inquiries

Did you find outdated information? Write us a message.

crypto.com

Crypto.com Look & Feel

The lending features are only available in the mobile app, not in the desktop app. The app itself is not complicated to use. Customer service does often answer lending-specific questions with general answers that don't help solving the problem.

Registration process

Registering with crypto.com is easy and straightforward and takes only a few minutes.

Step 1

Download and install the mobile app for iPhone (iOS) or Android (APK).

Step 2

Start the registration process through the mobile app.

Step 3

Most users won't need a metal card. Click on "Skip" to go to the next step.

All information is unofficial and subject to change. Links marked with an asterisk (*) may be affiliate links

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