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Crypto.com was recently authorised to operate in the UK by the FCA. Since that happened, this exchange has become incredibly popular in the region and is now a favourite for thousands of Britons. That said, you shouldn’t follow the crowd. Extensive research is the key to ensuring you find and interact with the best crypto exchange.
We’ve done most of the hard work on your behalf by researching and assessing Crypto.com. Our team extensively evaluated this platform and read countless customer testimonials before preparing and publishing this Crypto.com review UK. Therefore, everything we’ve discussed here is factual and unbiased.
In This Guide
Our Opinion about Crypto.com
Crypto.com has over 100 million global users, which speaks volumes. But we always base our reviews on first-hand experience. So, our team researched and tested everything that this exchange offers. While doing so, we discovered the following mention-worthy Crypto.com pros and cons:
Crypto.com
✔24/7 live support
✔User-friendly interface
Pros & Cons
Pros
- Professionally designed, user-friendly interface
- Robust security features and protocols
- Zero fees for GBP deposits made via FPS
- Reasonable returns for crypto staking
- Low maker/taker fees for high-volume traders
- Live support is available 24/7
Cons
- No insurance coverage for investors in the UK
- Limited educational resources
Cryptos Available
Crypto.com allows users to buy, sell, trade, and stake over 350 crypto assets. The most popular options that we discovered while examining this exchange include:
- Bitcoin
- Ethereum
- Dogecoin
- Cardano
- Solana
- Polkadot
- Tether
- XRP
Storage & Security
Crypto.com is one of the most secure UK exchanges for various reasons. First, this company is authorised to operate as an EMI (Electronic Money Institution). Before the FCA authorises any platform, its experts conduct thorough and numerous assessments. So, rest assured that Crypto.com is a vetted and certified exchange.
Moreover, Crypto.com implements advanced cybersecurity strategies like Zero Trust and Defense in Depth. These protect the company’s platforms and systems from malicious actors.
Crypto.com also protects client accounts with state-of-the-art solutions like FIDO2, passkeys, and HSMs. Furthermore, the exchange allows users to optimise security and safety with multi-factor authentication methods like password login, authenticator codes, and biometric verification.
Not to mention, this exchange stores all user deposits in cold storage systems that are safe from cybercriminals. It also allows investors and traders to use the Crypto.com defi wallet, which gives users complete control over their investments and private keys.
Note: We advise Crypto.com users to secure their trading accounts with strong passwords and online personal security practices and not to rely only on the exchange’s security. Keep in mind that crypto transactions on the Crypto.com exchange cannot be reversed, and once your account is breached. In this case, there are no chances of recovering the assets.
Fees & Commissions for UK Traders
Ungodly costs undermine your capital and returns. For that reason, we analysed Crypto.com fees UK. Luckily, this exchange has affordable charges and commissions. The first thing we noticed is that this service provider allows new users to register and set up their Crypto.com wallet for free.
Moreover, Crypto.com has zero limits and fees for depositing crypto to the exchange. To make things even better, this service provider supports free GBP deposits. However, you must use a supported payment method like Faster Payments Service (FPS) to enjoy the latter.
That aside, Crypto.com users must cover varying maker and taker fees determined by their 30-day trading volume. Anything less than £50,000 attracts a 0.15%/0.30% maker/taker fee. But the numbers drop to 0.00%/0.05% for trading volumes of up to or more than £10,000,000. The more you trade, the lesser your fees.
Crypto.com has a free proprietary visa card you can use to make crypto payments. However, we discovered several fees associated with this product. For starters, if you ever decide to close your card, you’ll have to pay a £50 fee before any remaining funds get returned to you. The card also comes with a monthly free ATM limit. If you exceed it, you’ll incur a 2% withdrawal fee. Furthermore, dormant Crypto.com cards incur a £5 monthly fee that kicks in after 12 months of inactivity.
Payment Methods
Crypto.com supports a variety of payment methods. Most have free deposits, but some expose you to withdrawal fees. For instance, while making GBP withdrawals with FPS, each request will incur a £1.90 fee. Here’s a breakdown of some of the payment methods that Crypto.com supports:
- Bank transfers: With FPS, you can deposit GPB from your bank to your Crypto.com exchange account. You can also use this solution to transfer funds from the exchange to your designated bank account.
- Crypto deposits: You can deposit crypto from an existing external wallet to your Crypto.com exchange account. Although this is one of the easiest methods, you should be careful since a slight address error can result in significant losses.
- Crypto.com Visa card: You can use your Crypto.com visa card to purchase crypto on the Crypto.com exchange. Moreover, before making any purchases, you can top up your card with select payment methods, including bank transfer, PayPal, and debit/credit cards.
Crypto.com Support Service
Crypto.com’s Help Center has an extensive FAQ section. Numerous common questions and concerns have been addressed there. Check it out before contacting customer support if you need to know anything. You’ll save valuable time and will likely find detailed answers and solutions.
If contacting support seems imperative in your circumstance, you can message Crypto.com’s team. You should get a response within an hour or two. If your issue is related to the Crypto.com Visa card, you can call or email support 24/7 using the details provided on the official website.
How to Open an Account at Crypto.com Exchange
We have an active Crypto.com account that our team set up in a few minutes. Therefore, if registering with this exchange sounds taxing, rest assured it isn’t. All you have to do is provide accurate personal details and the required verification documents. Here’s a simple step-by-step guide to opening a new Crypto.com account:
Step 1: Visit Crypto.com’s official website
Step 2: Set up your profile
Step 3: Complete verification
Step 4: Fund your account
Step 5: Trade and invest
Go to Crypto.com’s homepage and examine everything, from asset prices to product offerings and investment options. Most importantly, review the list of supported cryptos and check if your preferred assets are included. If you are a beginner or would simply like to boost your knowledge base, visit the exchange’s University section to learn as much as possible.
Once you’re ready to set up your account, hit the “Download App button.” Then, open the Crypto.com app and start registering a new account. You can also sign up from your browser by clicking the “Sign Up” button on the top right corner.
To start setting up your profile, fill in the application form with the required information, including your country of residence, email address, and date of birth. Ensure your email address is valid and active since Crypto.com will send a confirmation link or OTP through it.
Use the confirmation link or OTP sent by Crypto.com to verify your email address. Then, protect your exchange account with a strong password and share your mobile number.
After completing step 2 successfully, you will be redirected to Crypto.com’s landing page. Once you get there, complete the KYC verification process. You’ll need to submit crucial information like your full name and date of birth. This service provider will also ask you to verify your identity with copies of documents like your government-issued ID. You also have to take a selfie.
Once you’ve provided the required information and documents, wait for this company’s team to review and approve everything. That can take up to 3 business days; just sit tight and wait for the green light.
You can fund your Crypto.com account with a supported payment method once your application has been approved. A funding option like FPS has no minimum requirement for GBP deposits, so you can start with whatever capital is at your disposal. However, note that other channels and currencies have strict minimum deposit requirements.
After funding your Crypto.com account, you can start trading and investing in crypto with as little as £1. We strongly urge newbies to limit their risk exposure by starting with smaller sums. Also, note that Crypto.com has automated trading bots you can exploit. These are designed to trade predetermined amounts at regular intervals.
Not to forget, you can stake crypto assets with this exchange and earn up to 16.64% annual returns. This is one of the best ways to diversify your investment portfolios and put idle assets to work.
Conclusion
After researching and reviewing Crypto.com, we highly recommend this exchange to UK crypto traders and investors. But don’t join it before doing your homework. Although our Crypto.com review UK has covered most of the important discoveries we made while evaluating this exchange, we couldn’t discuss everything. So, to ensure you make an informed decision, visit the official Crypto.com website and do some digging.
Most importantly, we urge all beginners to familiarise themselves with the fundamentals and risks of crypto trading and investing before setting up a live Crypto.com account. Please do that to avoid making disastrous mistakes and incurring unimaginable losses.
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✔User-friendly interface
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