The Crypto.com App helps you incorporate crypto into your daily life by allowing you to buy cryptocurrency with fiat currencies and using the Crypto.com Visa Card. The Crypto.com Exchange, on the other hand, only allows you to trade cryptocurrencies and does not support fiat currency.
The Crypto.com App is only for mobile devices. In the meanwhile, the Crypto.com Exchange offers both a mobile and desktop platform. The App and the Exchange are two different platforms. As a result, you’ll need to make two different accounts for them.
You’ll need to link the two accounts together after you’ve created them. As a result, you should aim to keep your email addresses the same for both accounts.
Purchasing cryptocurrency
The Crypto.com app allows you to acquire cryptocurrency using three different methods: credit card, debit card, and cash.
Fiat wallet and cryptocurrency wallet
On the Crypto.com App, you can view all of these possibilities whenever you want to buy any cryptocurrency. You can buy crypto with a fiat money using either a credit card or a fiat wallet. Meanwhile, you can switch from one cryptocurrency to another using the crypto wallet.
The fiat wallet allows you to buy crypto from these fiat currencies: AUD, CAD, EUR, GBP, USD.
Meanwhile, you can only trade cryptocurrencies on Crypto.com Exchange. The Crypto.com App supports fiat currency, allowing you to buy crypto with fiat.
The Crypto.com Exchange, on the other hand, is a crypto-only exchange. As a result, fiat currencies are not accepted on this network. On the platform, you can only trade between cryptocurrencies.
The Crypto.com Exchange offers four main trading pairings for purchasing various currencies:
- CRO
- BTC
- USDT
- USDC
Each of these four trading pairs allows you to purchase different currencies.
To begin trading on the Crypto.com Exchange, you must first deposit cryptocurrency from another platform.
You can move your cryptocurrency from the Crypto.com App to the Exchange. The nice news is that there will be no withdrawal fees for this withdrawal.
Fees
When buying crypto with fiat or exchanging one coin for another, the Crypto.com App does not charge any fees.
When trading via the Crypto.com app, however, you may lose some of your money due to the spread. Despite the fact that Crypto.com claims to be able to buy cryptocurrency at genuine cost, the spreads have been quite substantial. Instead, use the Crypto.com Exchange if you plan to exchange a substantial amount of cryptocurrency.
Trading costs at Crypto.com Exchange might be as high as 0.4 percent.
You will be charged up to 0.4 percent for each trade you make on the Crypto.com Exchange. This is more expensive than Binance and other cryptocurrency exchanges.
Both the Crypto.com app and the Exchange have the same withdrawal costs.
