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There are more and more crypto brokers, but hardly anyone grows as Crypto.com does. They advertise at the World Cup with banners, employ over 4,000 people and have advertising ambassadors like actor Mark Wahlberg.
Crypto.com aims to acquire over 100 million users in the next 2 years.
In this article you will learn what is really behind it and what Crypto.com experience Swiss from the Crypto.com Visa credit card can expect!
The advantages of Crypto.com are obvious. Although they differ from Binance there is one or two things that actually make Crypto.com better.
Crypto.com Advantages:
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
The Crypto.com credit card is outstanding. This statement sums it up and it doesn't really need more. But, you deserve a Crypto.com review with more details.
Since April 2020, I have been testing the Royal Indigo variant (mid-range category) for daily purchases, for refueling, and for online and international payments. Just recently, I booked a flight with the credit card - without any problems, as always.
I chose the Royal Indigo Crypto.com Metal Visa card because I'm pretty happy with three percent cash back and the bonuses for the Staking of the in-house coin (CRO - Cronos) wanted to take.
I also wanted to get the 100 percent cashback for Spotify and Netflix do not miss. Yes, there is at this card free of charge!
The Crypto.com credit card cashback program is special, to put it simply. Where do you get 100 percent cashback on your Spotify and Netflix subscription and 3 percent on any other transaction?
Binance also has a credit card, also from Visa and by the way made of plastic (gathering dust in my drawer for 3 years) and not metal like the Crypto.com credit card.
You also get cashback on the Binance credit card. Up to 8 percent if you deposit about CHF 200,000 in BNB. The comparison model with three percent cashback requires a "security" of about CHF 3,500 (daily rate at the time of writing the review). The required amount depends on the BNB exchange rate and must be related to the daily exchange rate.
This is - currently - comparable to the Crypto.com credit card. Only that you get a plastic card with fewer features. Therefore, the Crypto.com Visa card is the better "investment" at the same price.
Your key to success! Discover our top recommendations from real testimonials.
On 01.05.2022 Crypto.com has a Update written to the cashback and rewards program of the exchange. It comes into effect from 01.06.2022 and reduces the value of the Crypto.com Visa credit card.
This clarifies that the cashback is limited per month depending on the card. Subscriptions are excluded from this limit. The additional Staking Rewards are also scaled down a bit, but are still worthwhile.
Still, it's a good credit card that works flawlessly and rewards you with cashback. Even if the cashback is smaller in the future. Would I order the credit card under the new terms? Yes, definitely.
Crypto.com has a wide range of products. While the selection of cryptocurrencies and projects does not reach Binance, it is very large. Here is an overview of the main services offered by Crypto.com
The Crypto.com wallet is free of charge. You can park fiat money and cryptocurrencies with the broker. For fiat currencies, you just need to create a new currency and then you can deposit money from your bank account to your virtual wallet.
My experience confirms that a deposit is fully processed within one business day. Withdrawals too, by the way!
The mobile view in the app is very user-friendly and clear. DeepL Access to all accounts and separate functions are thus easy to reach.
The Super Charger at Crypto.com is comparable to the Binance Launch Pool. New crypto projects are launched on the market at regular intervals. With the Super Charger, new products are added to the exchange's listing or introduced.
Every now and then there are exclusive launches that take place only on Crypto.com. The returns are correspondingly high. Around 10 percent is standard and it is not uncommon for the returns to exceed 30 percent APR.
If you are a passive income and would like to participate in new projects, then the Super Charger is a good choice. You can park almost all cryptocurrencies in the Super Charger and participate in new launches.
The Crypto.com Earn section is a passive income category. In this you can Cryptocurrencies into flexible or fixed lending.
Flexible lending allows you to take your lent coins out of lending at any time. Accordingly, the returns are lower.
With fixed lending you can choose between one, two and three months. The returns grow the longer you leave your coins in lending.
In addition, Crypto.com rewards users who actively stake a certain number of CRO (Cronos). The combination of Crypto.com credit card, CRO staking and earn works great.
Personally, I use exactly this combination. Through the active CRO stake I get more return and my Crypto.com credit card guarantees me a cashback for every purchase.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
In addition to the Crypto.com app, the exchange is working on other platforms and new financial products. These include the Exchange and the Crypto.com DeFi app.
The Exchange app is explicitly made for exchanging and trading cryptocurrencies via the Crypto.com exchange. This also works with the Crypto.com app, but the functions are drastically limited. The normal app is more suitable as an overview and for the Super Charger or Earn and credit card management.
The Crypto.com Defi Wallet app is for Decentral Finance. Here you can find the usual products like Liquidity Mining, Staking and more. You need a separate account for each app.
You can perfectly link your Crypto.com apps together as a complement. Afterwards, you can send your coins back and forth between the individual apps and wallets during transfers without any problems.
Fast and processed within a day - both ways. The first time I requested a withdrawal I was amazed at how quickly the money was actually posted to my account.
Deposits basically work with other cryptocurrencies, i.e. from wallet to wallet, or via bank transfer. I have already used the latter several times to top up my credit card.
Withdrawals are possible either to a bank account or to another cryptowallet. The bank account must be entered in the whitelist of your Crypto.com account and verified in advance. If you deposit via the bank account, this process is not necessary, because the deposit is considered as verification.
If you want to invest as a trader at Crypto.com, there are Crypto.com fees for trading. There is no spread, but there are trading fees. The more CRO you hold, the lower the fees. These are also paid in CRO.
Withdrawals are free of charge up to an amount of CHF 500,000.
Deposits are free of fees anyway. If you transfer money via a wallet, the usual costs of the blockchain used apply. Transfers via Bitcoin and Ethereum are comparatively expensive. This is not due to the broker, but to the blockchain itself.
Depending on the chosen Crypto.com card, there are different limits. For example, for interbank exchange rates, there are limits per month and only then do fees accrue. Overall, the costs are extremely favorable and especially in combination with the cashback very attractive!
What did I like the most? The combination of Earn and Crypto.com credit card as well as the mobile app and operation of it.
Crypto.com has done everything right so far and the Visa credit card is in regular use for all transactions: Shopping, gas, dining out, online shopping, it doesn't matter.
Where do I see potential for improvement? Unfortunately, due to the announced cutback in cashback and staking rewards, the recent trend is not exactly breathtaking. Is the rowing back of rewards perhaps due to the high cost of sponsorship and the new partner contracts? I don't know, but this trend should not continue if the platform wants to continue to grow strongly.
Have you already made experiences with Crypto.com? Is there a topic that has not been addressed and is of burning interest to you? Then you now have the opportunity to share your input via a short comment.
Thanks!
Author: Andreas, our crypto expert in the team
23 Responses
The following was written to me by Defi Wallet:
Hello, valued subscriber. We recently conducted a routine review of your account and found that your profits are not normal. Your trades and profits involve illegal operations and insider trading! Your account is temporarily suspended! Sorry, we apologise!
Dear User, the system has detected that there is a suspicion that you are using insider data for trading, which undermines the fairness of trading, and is now temporarily suspending your account. You must verify and activate your account to lift the restriction. According to the relevant provisions of the Financial Institutions Suspect of Insider Trading Offences Act, you must bear the relevant legal responsibility in accordance with normal procedures and deposit 20 % of the account balance: (552882 * 20 % = 110576USDT) to verify your liquidation of the suspected insider trading orders to activate the account, otherwise all assets in your name will be subject to verification and corresponding restriction processing! The validation period is 7 business days. Thereafter, the relevant legal staff will contact you to verify all your assets and properties. We remind you that this may have an impact on your work and your business!
You will need to transfer funds from a third-party cryptocurrency wallet (e.g. Binance, Kraken Pro, Crypto.com, etc.) to the wallet address we have provided or use a bank transfer as usual. Please note that the funds in your account cannot be used to verify extended authentication! When you are ready to confirm your account address, write to us for a billing address.
We will refund your money to your account as soon as your account is successfully verified!
Is that correct?
Hello Djerrah,
That clearly sounds like a spam mail to me, so be very careful.
Hello Eric, the text in German is a translation by Deepl from English, so it could be that the translation is not quite correct! should I write the original message here, because maybe you can decode and interpret it differently?
Hello Djerrah,
It's more about the content that makes me sceptical. There are a lot of questionable statements that typically arise in cases of fraud.
So be careful and never give your wallet keys or passwords to anyone. These are classic scams, especially on the phone!
Should I still make the payment to Defi Wallet so that they can verify my account or not? that's still 110,000 US dollars
Sorry, but I can't give you a definitive recommendation here, as I don't know all the details and don't give investment advice etc.
My opinion: I wouldn't do that. But you know the situation and can assess it better.
Is it possible to deposit directly in chf without the hassle of changing into euros, or is there another recommended exchange?
Greetings
My Crypto.com account has been blocked since 22 December 23 for reasons I can't explain. I have already written at least 30 emails, but all I get is the same reply saying that they are trying to help me. But unfortunately no further help follows. I am really desperate and don't know what to do. What can I do?
You should always withdraw larger assets and keep them in your own wallet (not your keys, not your coins).
Of course, this won't help you afterwards. Try using the Forgot password function - maybe you can get back into your account that way.
Good luck!
Hello everyone, I would be interested in your experiences with the Bitpanda card. Would it also be worth a report? Besides, it is a company from a neighbouring country;-)
Hello Cruz, here is the contribution to Bitpanda general. However, the card has not yet been tested.
I am desperately looking for a crypto credit card that Swiss people can also use in full. So this is kind of misleading on the blog. The Crypto.com card cannot be used properly by Swiss people. Unfortunately, I have not yet found any other card at all that is possible for Swiss people. Is there one?
Swiss greetings Sandy
Oh, I had hoped that I would find something here as a Swiss, so these credit cards are once again not suitable for us? Have you found an alternative?
Hello Daniela
what are your criteria exactly? Credit cards with attractive interest rates can be found here. Cashback cryptocurrency cards are another matter 🙂 Regulation always cuts into the equation here.
I would also be very interested. I have been searching all the sites for a while to find something clever for me, a Swiss woman.
Why exactly should the Crypto.com card not be usable for Swiss citizens? It works perfectly for me. Alternatively, you can certainly also mention the Revolut card. at least you can buy coins there and pay with them if necessary.
Hey
I also have a question about the card and have been using the Jade Green for over 6 months and am thrilled. Airport lounges also work great and are fun.
But I have a question about the fees if you don't pay in the EU country. Apparently 2 per cent is due, which then cancels out the 2 per cent casback. But I also paid with the card in Switzerland this year and I don't see any fees.
Is it because it is debited in euros anyway and the card is loaded in euros?
Maybe someone can help me. Thanks for the answer
good morning and please help
I have an account with crypto.com in Germany presumably and have the question who actually has authority to this account. I have the impression that possibly not legal people try to exploit me.
best regards and thank you in advance for your support.
Hello Rupert
Please contact the support team directly. If in doubt, you can have your account temporarily blocked. Be sure to change your password to a secure password that you do not use anywhere else.
Tell me, where did you get a Binance Card? It's not even offered to residents of Switzerland.
hopefully this will change soon. At Binance, many things are currently "stopped", also with regard to the payouts for Swiss.
Are withdrawals still stopped at Binance for Swiss? Or are they working in the meantime?
Exciting article, thank you very much! I also use the Indigo Blue card. What I have come to appreciate about the card, especially lately, is the free access to select airport lounges. The coverage very good and in combination with the Lounge Key App very easy to use. Should definitely give it a try. Other than that, I'm also very curious to see if Crypto.com can keep up the benefits and goodies in the long run. It's a shame that they introduced a monthly cash back cap. Otherwise, I can unconditionally recommend the card.
Greetings, Martin