They are secure
When choosing a cryptocurrency exchange, trust is one of the most critical factors. After all, you’re entrusting your hard-earned money to the platform, and you want to ensure it’s safe and secure. At Crypto.com, they pride ourselves on being a trusted and secure crypto exchange regulated by the UK’s Financial Conduct Authority (FCA).
1.) They have a 2FA requirement as a security measure for users to manage their withdrawals, deposits, and API keys on the Crypto.com Exchange account.
2.) Their exchange also provides an Anti-phishing Code to help identify whether emails are legitimately from Crypto.com Exchange.
3.) They provide Trusted Device Management which enables users ownership regarding which device can access their Crypto.com Exchange accounts.
4.) Users have the option of employing a 24 hours withdrawal lock option for newly-whitelisted addresses as an additional layer of security to safeguard their funds.
5.) In addition, they also have the Account Protection Programme where users in selected countries are covered for up to USD 250,000 if a third party gains unauthorized access to their account and withdraws funds.
They are transparent
Trust isn’t just about security – it’s also about transparency. As the industry leader in regulatory compliance, security, and privacy certifications and trusted by more than 70 million customers worldwide, they are more committed than ever to set the highest standard of transparency for our industry.
Their first step is to conduct a Proof of Reserves (PoR) Audit, an exercise designed to ensure that a platform holds enough assets to cover all of its client balances. PoR is conducted and certified by an independent auditor to ensure the integrity and anonymity of the entire process.
As a Crypto.com customer, you will have access to Crypto.com’s PoR verification page, where you can ensure that your funds are safely held 1:1 in reserve by Crypto.com.
As an additional step towards complete transparency, they’ve also published their key wallet addresses and made their reserves easily verifiable on Nansen.ai.
They are BUIDLers
Crypto.com offers a variety of products and services, including:
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Spot Trading
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Margin Trading
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Derivatives Trading (e.g., Perpetuals, Options, and Warrants)
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Lending/Borrowing
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Staking
However, their latest GEN 3.0 Crypto.com Exchange update has allowed them to transition to a ‘one-exchange-and-one-wallet’ infrastructure, bringing better functionality and products for their users. Every Crypto.com user now enjoys the following benefits:
Better User Experience
Trade every market with one wallet – Users no longer need to go through the hassle of transferring assets between their Spot, Margin, and Derivatives wallets. Now, users can seamlessly trade across all products with a single wallet.
One-click Margin trading – Eligible users can begin Margin trading by simply toggling it with one click. Within the trading UI, they can also monitor their collateral levels at a glance.
USD Bundle deposits and withdrawals – Users can deposit BUSD, TUSD, and USDC and these are the stablecoins that will make up a user’s USD Bundle balance. Users can flexibly withdraw the stablecoin of their choice at a 1:1 ratio with no conversion fees charged or spreads incurred.
USD Bundle trading pairs – All BUSD, TUSD, and USDC-denominated trading pairs will become a USD Bundle-denominated pair, referred to as /USD. Users can start trading USD Bundle pairs right away with their USD Bundle balance. In the future, retail users can directly deposit and withdraw USD to their Exchange account – their USD deposits will be part of their USD Bundle balance as well, along with the aforementioned stablecoins.
Reduced Latency – GEN 3.0 boasts additional latency reductions for even faster trade executions. Check out the table below for more details.
Better Capital Efficiency
More Collateral Options – Eligible Margin and Derivatives traders can now access up to 89 Spot assets as collateral.
Significant margin reductions – Margin requirements for positions in opposite directions will be offset. All long or short positions with the same underlying assets may receive a margin reduction of up to 50%. This is especially beneficial for traders applying a typical calendar spread strategy.
Efficient collateral management – All existing collateral is used automatically for risk reduction and cost saving, reducing the user’s leverage and margin, and loan interest.
Cross-product margin offsets – The margin calculation process is streamlined in multiple product types, allowing for margin requirement offsets across the products.
First, verify. Then trust. Trust us.
Sign up with Crypto.com now!