25 May 2023 09:11, UTC
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Crypto.com, a leading cryptocurrency exchange, is expanding its services and enhancing user experience by introducing EUR trading pairs and enabling deposits and withdrawals in Euros. This latest development allows users to leverage the exchange’s low fees, deep liquidity, advanced tools, and rewarding events while trading popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) against the Euro.
Initially, EUR deposits and withdrawals will be accessible to institutional clients, with plans to make them available to retail clients in the near future. This move demonstrates Crypto.com’s commitment to catering to a diverse range of users, including both institutional and individual investors.
Enabling Greater Trading Flexibility for Users
Founded in 2016 in Hong Kong, Crypto.com has established itself as a prominent player in the cryptocurrency industry, serving over 80 million customers across 90 countries. The platform offers a comprehensive suite of cryptocurrency-related financial products, including access to more than 250 cryptocurrencies. With its extensive range of currencies, competitive pricing, and additional features, Crypto.com appeals to users of all experience levels, from beginners to advanced traders.
While beginners may initially find the abundance of features intimidating, Crypto.com provides an ideal platform for those seeking to maximize their cryptocurrency investments’ potential. The exchange caters to active traders and individuals interested in utilizing cryptocurrencies as a practical form of currency rather than solely as an investment vehicle. In addition to its cryptocurrency exchange services, Crypto.com offers various blockchain-related products.
Users can benefit from cryptocurrency credit cards, a decentralized exchange, a standalone crypto wallet, and an NFT marketplace. Furthermore, Crypto.com allows users to stake their crypto assets, earning up to 14.5% interest for holding them in a Crypto.com wallet for a predetermined period. It’s important to note that staking crypto involves locking the assets for a specific duration, which carries its own risks.
Crypto.com’s fee structure is favorable for long-term investors looking to buy and hold cryptocurrencies such as Bitcoin and Ethereum. The trading fees are capped at 0.40% and can decrease based on factors such as trading volume or holding a significant amount of the Crypto.com Coin (CRO) currency. With support for 250 cryptocurrencies, advanced order types, and the ability to trade crypto futures, Crypto.com offers a comprehensive trading experience for users.
Prioritizing Innovation, Security, and User-Friendly Features
At the heart of Crypto.com’s operations is its user-friendly mobile app, available for both Android and iOS devices. The app provides a centralized hub for managing portfolios, accessing popular assets, trading currencies, earning through staking, making cryptocurrency payments, and even applying for a Crypto.com credit card. Its intuitive interface caters to users familiar with mobile trading apps, ensuring a seamless experience.
To prioritize security, Crypto.com implements various measures to protect customer accounts. These include multi-factor authentication (MFA) and whitelisting, which adds an extra layer of protection. Users are also encouraged to adopt strong passwords and adhere to best online security practices. It is crucial to note that cryptocurrency transactions are irreversible, making it unlikely for users to recover any lost funds in the event of a security breach.
To further safeguard user funds, Crypto.com employs robust compliance monitoring and stores customer deposits offline in cold storage, minimizing the risk of hacks and losses. Additionally, the platform collaborates with local banks in the United States, providing up to $250,000 in FDIC insurance on U.S. dollar balances.
The introduction of EUR trading pairs and deposits and withdrawals represents a significant milestone for Crypto.com, as it expands its offerings to better serve its growing user base. With its commitment to innovation, security, and user-friendly features, Crypto.com continues to solidify its position as a leading cryptocurrency exchange in the global market.
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