Crypto.com is one of the world’s fastest-growing crypto apps used by over 10 million users worldwide. Founded in 2016, Crypto.com is headquartered in Hong Kong Island, Hong Kong. It has grown into a fully-fledged cryptocurrency platform empowering users to buy, sell, and pay with cryptocurrency. It was founded by Kris Marszalek. He is CEO of Crypto.com and also leads the long-term strategy and development of the company and has quite a following in Singapore and a huge user base.
Crypto.com is built on a strong foundation of security, privacy, and compliance. It is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO/IEC 27001:2013, and PCI-DSS v3.2.1 Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. The platform has more than 10 million users who are buying and selling over 100 cryptocurrencies at true cost, with many of them in Singapore.
Crypto.com gives first preference to security and screens all deposits for compliance and has a dedicated team to monitor all transactions. It keeps 100% of its user cryptocurrencies in offline cold storage. For this security solution, the company has partnered with Ledger and uses its institutional-grade custody solution known as Ledger Vault. The company also leverages tools like hardware security modules (HSM) and multi-signature technologies.
Crypto.com doesn’t levy any fees and limits for depositing crypto to the Crypto.com exchange. However, the platform enforces some withdrawal limits and fees based on the type of currency used for transactions.
The withdrawal process at the Crypto.com app is instant. However, for withdrawals to an external address, the platform may take 2-3 hours to complete the transaction process.