The interest in cryptocurrencies has immensely increased over the past few months. It can be seen in how high the market capitalization of these assets have become with more and more people choosing to trade cryptos. On that note, one of the best platforms to buy and sell these digital assets is through exchange sites like Crypto.com. Learn more about it and its intricacies here:
Brief background about Crypto.com exchange
Crypto.com was founded in 2016 by Kris Marszalek and Gary Or in Hong Kong. Currently, Marszalek leads the company while Rafael Melo acts as the Chief Financial Officer and Bobby Bao serves as the Head of Corporate Development.
They have over 2,600 employees and their platform has more than 100 million users already. Additionally, this is supported by 90 different countries all over the globe such as the United States, Singapore and the European Economic Area.
Crypto.com’s blockchain technology
Crypto.com exchange uses a fast public, open-source and permissionless blockchain that has low transaction fees. It’s utilized to execute instantaneous and immutable trades between buyers and sellers. This is designed for various purposes such as payments, decentralized finance (DeFi) and Non-Fungible Tokens (NFTs).
What are its features?
Dig further into the best features about the blockchain technology of Crypto.com exchange below:
Crypto.com’s blockchain is on par with the best blockchain technology in the world which is a decentralized and distributed ledger that no one could tamper with. It passed the Level 1 compliance of the Cryptocurrency Security Standard (CCSS) which is proof of the site’s strong security system. Additionally, it is designed to be fault-tolerant so it continues to operate even with any failures or malfunctions encountered along the way.
It’s fast and affordable
Crypto.com has a 2.7m transaction per second (TPS) matching engine and 50-microsecond core latency, making transactions faster and more efficient. All the transactions in Crypto.com are not only fast but they also have minimal fees per transaction. This usually ranges from a 0.4% up to 1% rate for either the taker or maker.
Being a permissionless blockchain, it encourages any validated partners and code contributors to be part of the project. It fosters the improvement of the chain and welcomes people who would like to collaborate with them.
It has an open ecosystem
Crypto.com has an open ecosystem that supports any innovative projects that are related to payment and DeFi initiatives. They also showcase their open-source projects to the public along with the different developments related to them. If you want, you can join their developers’ chat room in Discord to share your ideas.
To solve issues related to carbon footprint, the Crypto.com exchange is looking into more sustainable methods. They have started by looking at the total carbon generated through crypto trading and the rest of the industries connected with it. CEO Kris Marszalek also announced that they aim to be fully carbon negative by 2023.
Benefits of using Crypto.com
Using Crypto.com exchange comes with the following benefits:
It allows you to buy and sell over 150 cryptos
Choose from over 150 cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Cardano (ADA) among others when trading at Crypto.com. It allows users from all over the world to buy and sell crypto for low transaction fees with a wide selection of options.
It has a Visa card
Unlike most exchange sites, Crypto.com offers a Visa card where you can store your cryptocurrencies. It gives 8% back of all your spendings and has no annual fees. Moreover, you’ll receive a sleek and pure metal card that you can bring along with you wherever you’re going. This can be topped up with either fiat money or cryptocurrency.
It gives you rewards
Depositing cryptocurrencies in your account at Crypto.com exchange gives you the chance to earn some rewards in return. They provide up to 14.5% rewards on your crypto assets so the more you deposit, the more you’ll reap some rewards.
It’s compatible with any device
Crypto.com can be accessed through a browser or its mobile application. This makes it easier and more convenient for you to check your account regularly, whether you are using your computer or smartphone.
It features NFTs
One of the newest features found on Crypto.com is their NFTs section. It gives you the latest updates about the top creators such as Aston Martin, Snoop Dogg and Boss Logic. This is also where you can buy NFTs directly using your account.
Different cryptocurrencies found at Crypto.com exchange
As one of the largest crypto exchange sites in the world, Crypto.com has a vast selection of cryptocurrencies that you can trade such as:
As the largest cryptocurrency with a market capitalization of $1 trillion, Bitcoin (BTC) is the most popular digital coin in the world. It was created by Satoshi Nakamoto in 2009 and has become a growing digital asset that many people have been eyeing.
Following BTC in terms of market capitalization, Ethereum (ETH) is the second-largest cryptocurrency to date with a market cap of over $400 billion. This was founded by Vitalik Buterin in 2015. One of its core features is its use of smart contracts which makes transactions more efficient and secure.
Launched in 2017, Cardano (ADA) is a digital coin made by cryptocurrency expert Charles Hoskinson. It has a current market cap of more than $70 billion. This features more sustainable methods in the mining of its coins along with a more secure system.
Although Dogecoin (DOGE) initially started as a joke between its two founders Billy Markus and Jackson Palmer, it’s proven itself to be a good investment as years passed. This has now caught the attention of large figures like Tesla’s CEO Elon Musk and the American rapper Snoop Dogg. Presently, its market capitalization is at $30 billion.
How to register at Crypto.com
Be guided by the following steps when making a new account at Crypto.com exchange:
- Go to the official website of Crypto.com
- Click the signup button found at the upper right corner of your screen
- Read the different instructions displayed on the screen
- Fill up the necessary information like your email address and birthday
- Once that’s done, press the ‘continue’ button
- Then check your given email for a one-time password (OTP)
- Enter the OTP on the exchange’s website
- Create a new password then press ‘submit’.
Choose Crypto.com exchange for trading crypto!
Opt for Crypto.com exchange when trading big cryptocurrencies like Bitcoin and Ethereum. It features a fast and efficient blockchain along with a highly secured system. This also gives users rewards and different perks for loyally using their site. Register at Crypto.com and start trading in crypto which serves as a good investment for the long term.
Bitcoin (BTC) $ 16,524.51 0.41%
Ethereum (ETH) $ 1,210.59 0.76%
Tether (USDT) $ 1.00 0.02%
BNB (BNB) $ 313.33 0.56%
USD Coin (USDC) $ 1.00 0.02%
Binance USD (BUSD) $ 1.00 0.12%
XRP (XRP) $ 0.400727 1.74%
Dogecoin (DOGE) $ 0.097398 4.83%
Cardano (ADA) $ 0.318296 0.42%
Polygon (MATIC) $ 0.855817 0.81%
Expand your knowledge and invest in the cryptocurrency industry.