Logo Cryptotesters



Key Facts


Cardano, Bitcoin Cash, Ethereum Tokens, Binance, EOS, Tezos, Stellar, Ripple, Litecoin, Bitcoin, Ether.

Payment Methods

Bank Transfer, Credit card.

Card - Fees in / Fees out

3.5% / -

Bank - Fees in / Fees out

0% / 0%



8.3 / 10

Rating Breakdown









About Crypto.com

What we like about Crypto.com

Earn interest on your crypto funds

What we dislike about Crypto.com
  • Many features, hard to keep track in interface
  • Some premium features require “staking” crypto.com’s $CRO token
  • Sign-up is cumbersome
Order a card and receive $25 worth of CRO tokens

Crypto.com, the company behind one of the most highly-prized internet domains, provides a custodial wallet letting users buy, sell, hold and send 7 fiat and 53 cryptocurrencies. It is a mobile-only wallet, available in over 70 countries on both iOS and Android. While it’s not the ideal wallet for beginners its feature-richness makes it interesting for more advanced users.

Like all custodial wallets, Crypto.com subjects users to a know-your-customer (KYC) process, which includes submitting personal details, a government-issued ID and selfie. We found the ID upload procedure quite annoying. Supposedly, the phone’s camera should automatically capture the ID but this didn’t work for several minutes, with no work-around available to the user. If it wasn’t for the review we would probably have abandoned signing-up at this stage.

Premium debit cards offering exclusive perks..

Arguably, the most advertised feature in the app are the crypto.com debit cards. Available for users in Singapore, Europe and the United States, crypto.com issues a free Metal Visa card that grants a 1% cash back on all purchases, with higher tiers giving up to 5% cash back. The higher tiers which have fancy names like “Ruby Steel”, “Icy white” or “Obsidian”, have no monthly fees but require you to “stake” crypto.com’s CRO token. Staking means that you have to purchase the token and lock it for a six months period inside the Crypto.com app. After the six months you’re free to transfer the token back to your wallet.

Screen Shot 2020-11-13 at 7.36.33 pm.png

Depending on which tier, crypto.com will cover subscriptions to Spotify and Netflix and give you 10% back on purchases made through Airbnb and Expedia and unlimited lounge access at airports globally. However, the amount of CRO tokens you need to stake for these tiers range between 2500 ($176 at the time of writing) and 250.000CRO ($175,000). To be fair, locking up the token grants you a range of other discounts inside the crypto.com app and you receive the tokens back after six months, but especially the higher tiers seem prohibitively expensive for most users!

Crypto.com Card Review

In case you're interested to get the Crypto.com card here's what you should take into account. Even though you receive the staked CRO tokens back (think of it as a loan to crypto.com) , you are exposed to a volatility risk, i.e should the price of the CRO tokens decrease during the six months, you will have incurred a net loss. We recommend starting with a lower tier card like the “Ruby Steel” which requires a lower up-front investment and still grants 2% cashback as well as a free Spotify subscription. The free Crypto.com Blue card is completely free and gives you a 1% cashback on every purchase.

To calculate which card is best for you simply estimate how many dollars you spend every month using a credit/debit card which you could potentially spend with the Crypto.com card. If you're a big card spender the upfront investment/lock-up in CRO could be worth it given that you receive cashback. One thing worth mentioning though is that the cashback rewards are paid out in CRO tokens. This again exposes you to price volatility if you hold the tokens. However, to minimize the risk you can covert your CRO tokens daily or weekly or after every purchase in dollars or the cryptocurrency of your choice (like bitcoin or ether).

Besides, the Crypto.com cards offer great features like free ATM withdrawals and free foreign currency conversions. So if you travel abroad and make purchases in a foreign currency your funds are converted at the best rate. Lastly, a feature that we really like is the free top-up option inside the app, which allows you to load fiat ($, €, £) in your Crypto.com app with one tap so you don't even need to sell your crypto to make purchases!

Buying crypto through crypto.com

Besides the card, crypto.com offers a range of other features. Needless to say, you can purchase crypto (over 50 coins!) inside the app. Using a debit/credit card this will cost a 3.5% fee whereas doing it per bank deposit is free. Crypto-to-crypto trades inside the app are always free and if you purchase fiat currencies you’ll receive the “interbank rate” which is the best exchange rate a retail customer can get. What’s also pretty cool, are the features called “Crypto Earn” allowing you to lend your crypto assets out and earn interest on it, or “Crypto Credit” allowing you to receive an instant loan if you put your crypto as collateral. For the latter, the loan-to-value ratio is 50% meaning that you will be paid out half of the value of your collateral if you request a loan. If you’re ever in need of liquidity and don’t want to sell your crypto holdings it can make sense to request a loan this way, given it’s much faster than requesting a loan from a traditional bank!

Crypto.com Security

Integrating Ledger’s custody solution, Crypto.com claims to keep 100% of its cryptos in cold storage and also has a cold-storage insurance up to $250 million. Its fiat currencies are kept in secured and regulated custodian bank accounts which means that even if crypto.com were to go bankrupt, users’ funds would be safe. Your account itself is secured by security measures such as Two-Factor-Authentication meaning that in addition to the password another factor like FaceID, or E-mail/Phone verification is needed to access accounts. Lastly, their support staff are highly responsive 24/7 on live chat or via email.

All in all, Crypto.com definitely is an interesting and feature-rich crypto wallet. They for sure score well on the security front. We think it’s not very beginner friendly though due to the cluttered interface and at times confusing requirement to “stake” MCO tokens to unlock certain features or discounts.

Other Wallets

Our Pick
Wirex logo


4.3 out of 5

Buy Fees / Sell Fees : 0% / 0%

Wirex offers a borderless account that holds a range of fiat currencies and crypto and lets you seamlessly exchange between the two.

The best thing

A debit card that gives you 0.5% cashback in Bitcoin for every purchase you make


Waves, NANO, Stellar, Bitcoin, Ether.

Payment Methods

Bank Transfer, Credit card.

Runner up
Coinbase logo


4.1 out of 5

Buy Fees / Sell Fees : ~1.5% / ~1.5%

Founded in 2012 in San Francisco, Coinbase is a custodial digital currency wallet with an integrated trading platform.

The best thing

Simple to use and good reputation


Bitcoin Cash, Ethereum Tokens, ZCash, EOS, Tezos, Stellar, Ripple, Litecoin, Bitcoin, Ether.

Payment Methods

Bank Transfer, SOFORT, Credit card, Paypal.

Xapo logo


4.1 out of 5

Buy Fees / Sell Fees : 0% / 0%

Xapo is a Hong-Kong based bitcoin wallet known for its extremely safe and sophisticated cold storage custody technology.

The best thing

Multiple top-up options



Payment Methods

Bank Transfer, Credit card, Skrill, Netteller.

Sign up and get $10 free when you add $100
Crypto.com logo


4.1 out of 5

Buy Fees / Sell Fees : 0% / 0%

Crypto.com offers a wallet and a suit of adjacent services letting you use your crypto to get a loan, lend it out and earn interest on it or spend it through one of their debit cards.

The best thing

Earn interest on your crypto funds


Cardano, Bitcoin Cash, Ethereum Tokens, Binance, EOS, Tezos, Stellar, Ripple, Litecoin, Bitcoin, Ether.

Payment Methods

Bank Transfer, Credit card.

Order a card and receive $25 worth of CRO tokens
Luno logo


4.0 out of 5

Buy Fees / Sell Fees : 0% / 0%

Luno is an Ethereum and Bitcoin wallet used by more than 3million people. It makes buying & sending crypto very easy.

The best thing

Excellent customer support


Bitcoin Cash, Bitcoin, Ether.

Payment Methods

Bank Transfer, Credit card, SOFORT, iDEAL.

Receive €15 if you buy €250 worth of Bitcoin
Cryptotesters Logo

We are a multi-faceted team of crypto enthusiasts based in Berlin.

© 2021 cryptotesters UG

Stay up to date!  Sign-up for a monthly roundup of the newest crypto products


How to buy bitcoin

Cryptocurrency exchanges

Crypto wallet guide

Crypto savings accounts

Defi lending rates

Crypto cards

Exclusive crypto deals

Ethereum staking






Twitter logoLinkedIn logoFacebook logo
Cryptotesters Logo

We are a multi-faceted team of crypto enthusiasts based in Berlin.

© 2021 cryptotesters UG