Security Concerns
Crypto.com has faced several security breaches in the past, raising concerns about the safety of users' funds. In 2020, the platform was hacked, resulting in the theft of millions of dollars' worth of cryptocurrency.
- Weak password policies
- Lack of two-factor authentication
High Fees
Crypto.com charges some of the highest fees in the industry, making it difficult for users to make profitable trades. From transaction fees to withdrawal fees, users can end up losing a significant amount of money.
- Transaction fees: up to 2%
- Withdrawal fees: up to 5%