Crypto.com Savings

Crypto.com Interest Accounts

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Crypto.com is one of both the earliest and largest platforms operating, currently serving over 10 million users worldwide. Despite this, they have never suffered from a security breach or hack since founding, with a claimed "100%" of funds kept in cold storage. They also have one of the best insurance policies in the industry, covered for up to $360M. As a result, we felt that our funds were very secure. However, their interest rates can prove very poor, depending on your lock-in term and stake. Learn all about this platform below.

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8.75/10 (Expert Score)
Product is rated as #3 in category Interest Accounts

At its base level, Crypto.com offers below average rates of 4.5% APY on ETH/BTC when compared to competitors. However, their 10% APY for stablecoins is good, matching or exceeding many platforms. This platform supports 35 assets, including 3 cryptocurrencies, 8 stablecoins and 24 altcoins to deposit and earn interest on; more than many competitors. Users will earn non-compounding interest on their deposited assets, accrued daily/paid weekly. Users can also easily access their accounts via PC, iOS & Android.

All deposits come with flexible, 1 month & 3 month lock-in terms, each with varying rates. The latter, 3-month term offers the highest APY bonus of 4%. This platform heavily encourages users to pick either the 1 or 3 month period, as interest rates for flexible options are significantly below industry standard. Withdrawal fees range between 0.1-0.5% depending on currency, although deposits are free.

This platform also allows users to stake their native CRO token (Crypto.com Coin) for increased interest rates. Those staking 4000 CRO or more will receive an extra 2% interest, for a maximum APY of 5.5% on ETH, 6.5% on BTC and 12% on stablecoins; provided users agree to a 3 month term for the best rates. Although quite a big difference, those who stake at least 40,000 CRO will receive an additional 2% bonus. This equates to an extra 4% in total, resulting in a very competitive APY of 7.5% on ETH, 8.5% on BTC and 14% for stablecoins.

In comparison to competitors, the staking requirement is much lower for users of this platform, due to the price of this token. Whilst Crypto.com doesn't seem worth it for non-stakers, their requirements remain quite reasonable. Their selection of 35 supported assets gives users much more freedom over their options. Learn more from our "pros and cons" section below.

Fees
7.5
Interest Rates
8.5
Supported Currencies
9
Reputation
9
Security
9.5
Customer Support
5.5
PROS:
  • No deposit fees
  • Accessible via both PC or mobile
  • 2FA & SMS confirmation enabled
  • Interest accrued daily & paid weekly
  • Great stablecoin rates of 14% for stakers
  • Never suffered a security breach or hack
  • Founded in 2016, one of the first public platforms
  • First ISO/IEC 27701:2019 certificated crypto-company
  • Max. stake of 40,000 CRO costs less than many competitor requirements
  • "100%" of assets stored offline in cold storage wallets
  • Supports 5 Fiat currency options: EUR, GBP, USD, AUD, CAD
  • Very good APY available for those staking 40,000 CRO or more
  • 35 asset options to choose from: 3 cryptocurrencies, 8 stablecoins and 24 altcoins
CONS:
  • Slow support response time
  • Excess of 40,000 CRO required for best rates
  • Stakers must hold CRO for up to 6 months
  • Flexible, 1 month & 3 month deposit terms require locking of assets
  • Below average rates for non-stakers and flexible terms options
  • Non-compounding interest
  • Withdrawal fees of 0.1-0.5% (currency dependant)
  • KYC checks compromise anonymity

Specification: Crypto.com Interest Accounts

Loan Information
Staking ,
Staking Percentage 4,000 - 40,000 CRO, Up to 4% extra
Company & Availability
Headquarters Hong Kong
Year of origin 2016
Number of users 10,000,000
Insurance Coverage Coverage of up to $360M, Personally insured
Previously hacked No
Eligible regions
Excluded regions Afganistan, Algeria, Central African Republic, Cuba, Iran, Libya, Mali, North Korea, Somalia, Sudan, Venezuela, Yemen
KYC
Credit Check No
Savings Information
Supported Fiat Currencies , , , ,
Supported Cryptocurrencies , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Lockup term Fixed, Flexible
Interest Payments Weekly
Rate Variability Variable
Compounding No
Gas fees Yes
Withdrawal fees 0.1-0.5% (depending on payment method)
Cryptocurrency APY Interest
BCH APY 0.5 - 5%
BNB APY 0.5 - 5%
BTC APY 1.5 - 8.5%
EOS APY 0.5 - 5%
ETH APY 2.5 - 7.5%
LTC APY 0.5 - 5%
PAXG APY 0.5 - 5%
XLM APY 0.5 - 5%
Stablecoin APY Rates
DAI APY 6 - 14%
TUSD APY 6 - 14%
Asset protection & Insurance
Audited SGS
Cold Storage Yes
Company Backing N/A
FDIC insurance FDIC on balances of up to $250,000 per individual wallet
Insured by FDIC

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