Product News | Crypto.com (2024)

FAQs

Is Crypto.com shutting down in the US? ›

On 14 November, Marszalek, the firm's CEO, assured users that the exchange was functioning as normal. On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions.

Compared to other cryptocurrency exchanges, Crypto.com is decently secure and trustworthy. Crypto exchanges aren't registered or regulated by the same authorities that monitor online brokers and other trading platforms, which leaves them vulnerable to hackers, scams, and bankruptcy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. No incidents reported. No incidents reported.

Its retail trading app will still survive. Starting June 21, the Singapore-based Crypto.com says that it will be shutting down institutional services on its platform in the U.S. due to the “current market landscape” that shows “limited demand” for its services.

For those looking to buy and hold currencies like Bitcoin and Ethereum, Crypto.com could be a good choice. Fees are limited to 0.75% and decrease with high trading volume or a significant holding of the CRO currency.

Crypto.com is a safe cryptocurrency exchange platform due to its robust security infrastructure.

Is Crypto.com safe to store crypto? Yes and no. Crypto.com is a secure method to buy crypto and actively trade it, but an external hardware wallet is a more secure storage option if you plan to store large amounts of crypto for a long period of time.

Is Coinbase or Crypto.com better? Coinbase is ideal for beginners and those seeking a user-friendly platform, while Crypto.com is suited for those looking for lower fees and a wider range of cryptocurrencies.

You will need to submit and talk with the support team from crypto to do verification on this link belowhttps://help.crypto.com/en/Once they can verify you as the owner , they will send you a recovery page to let you in with the account.

Is blockchain having issues today? ›

Current Blockchain status is UP.

The Crypto.com App is currently available in 49 states in the United States of America & US Territories, including: Alabama. Alaska.

As Bitcoin is decentralised, the network as such cannot be shut down by one government. However, governments have attempted to ban cryptocurrencies before, or at least to restrict their use in their respective jurisdiction. Governments could still try to jointly ban Bitcoin.

You can withdraw to bank accounts you have used to deposit funds into the Crypto.com App.

Your virtual assets are stored 100% safely and perfectly.

We hold all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis, meaning funds are responsibly backed by Crypto.com and accessible at customers' convenience.