Crypto.com Exchange — Is It A Scam?
Everyone should own some cryptocurrency and everyone should have (deserves) basic trading knowledge. So, the question arises — where to buy it? There are dozens of available exchanges and Crypto.com Exchange is NOT in the most popular circle. Is there a good reason for the unpopularity or is it just that people don’t know about its existence?
Security of the Crypto.com
Crypto.com has more than 10 million registered users worldwide. It has been on the market for many years and it’s famous for its security measures. It’s one of the few crypto platforms that hasn’t had any major hacks or stolen funds. So, when it comes to security the risk is small.
UPDATE: It was hacked. The team tried to cover up the breach for several days. Only after public pressure, the loss of funds was admited.
Features
Like any other exchange it offers a variety of trading options and other features. My favorite — by far — is the Supercharger. A supercharger is an event where you can get a certain amount of the determined cryptocurrency for free. You can look at it, as a reward for using this platform. The amount you get depends on the amount you’ve staked on the exchange. I usually get around 35 dollars. Pretty nice for two clicks.
The Crypto.com Exchange Is on Mobile
Recently the mobile version of the Crypto.com Exchange has officially launched. The Exchange App enables access to key features, managing accounts, and trading on the go. There are some features you can’t access on the mobile version (like margin trading), but it does its job. I prefer to stay away from the mobile version, because I need to see charts on a bigger screen to decide on a trade entry/exit.
Don’t miss out on Sign-Up-Bonus!
Nothing is free today but getting this $ is. The reason is simple — if you decide to trade, the exchange will get this (and more) money back from the trading fees. I suggest taking the 5000 or 10000 CRO staking. I have the latter and it unlocks a lot of additional bonuses.
UPDATE: I have removed all of my staking and sold my CRO position.
UPDATE: I do not suggest staking anymore, unless you are going to trade thousands of dollars every day.
I would personaly discourage the use of the Exchange — but if you insist or need the sign up code:
Bonus code: d4xvz6xxk8
Conclusion
Use with caoution. Avoid if possible. Do come back in a year or two, when they improve. If, they improve.