Highlights
- Global Reach: Crypto.com serves 100 million users across 90+ countries, making it one of the largest crypto exchanges worldwide.
- Canadian Offerings: Supports 350+ cryptocurrencies, Interac e-Transfers, and caters to both beginners and advanced traders. Additional features include crypto-backed Visa cards, NFTs, and interest accounts.
- Key Drawback: High fees embedded in spreads, as confirmed by independent tests and user reviews. NDAX is often recommended as a lower-cost alternative for Canadians.
What Is Crypto.com?
Crypto.com is a Singapore-based exchange founded in 2016, offering:
- 250+ cryptocurrencies for trading.
- A native token (CRO) with utility perks.
- Services like Visa cards, DeFi wallets, and an NFT marketplace.
While it promotes "zero trading fees", revenue is generated via spreads. The platform is regulated in Canada and holds a $750 million insurance policy.
Key Features
Pros
- Extensive Coin Selection: Trade Bitcoin, Ethereum, and 250+ altcoins.
- Crypto Rewards Cards: Earn up to 5% cashback with prepaid Visa cards.
- Interest Accounts: Flexible staking options for 30+ coins (APR up to 14.5%).
- Security: Cold storage, proof of reserves, and FINTRAC compliance.
Cons
- High Hidden Fees: Spreads can reach 3.11% for BTC purchases.
- Slow CAD Withdrawals: Interac e-Transfers take 0–2 days.
- Restricted Features: Futures, margin trading, and lending are unavailable in Canada.
How It Works
- Crypto.com App: Beginner-friendly interface for buying/selling.
- Crypto.com Exchange: Advanced tools like spot trading and bots (0.075% fees).
- DeFi Wallet: Non-custodial wallet for secure asset management.
Fee Structure
| Fee Type | Cost |
|------------------------|-------------------|
| BTC Purchase (All-in) | 1.68% |
| BTC Spread | 3.11% |
| CAD Deposits | Free (Interac) |
| Crypto Withdrawals | 0.0006 BTC (min) |
👉 Compare Crypto.com alternatives
FAQs
Q: Is Crypto.com safe for Canadians?
A: Yes. It’s FINTRAC-registered, uses cold storage, and has a $750M insurance policy.
Q: What’s the cheapest way to buy crypto in Canada?
A: NDAX (0.49% all-in fee) or VirgoCX (0.66%) offer lower spreads.
Q: Can I stake crypto on Crypto.com?
A: Yes, but rewards are from platform earnings—not direct staking.
Final Verdict
Crypto.com excels in features and security but falls short on cost transparency. For low-cost trading, consider alternatives like NDAX or Kraken Pro.