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Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions.
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Article was updated: January 31, 2025
Estimated reading time:
5 minutes
A non-custodial wallet that gives you access to a full suite of DeFi services in one place.
Pros
Highly encrypted wallet with two-factor authentication and passcodes
A non-custodial wallet that gives you complete control of your cryptocurrencies
Easy to connect to NFT marketplaces for increased accuracy and efficiency
Available on Google Play and the App Store
Transact over 500 cryptocurrencies, including Bitcoin, Ethereum, Uniswap, and other ERC20 tokens
Cons
No access to your wallet and assets should you lose your recovery phase
Crypto.com wallet is highly recommended for investors looking to enjoy their experiences in the cryptocurrency space. The wallet is user-friendly, making it easier for you to enjoy other Crypto.com offerings, including the exchange and NFT marketplace. Plus, it guarantees the safety of your funds, considering that it is non-custodial and gives investors complete control of their crypto assets.
Below is a complete overview of the Crypto.com wallet to ensure you fully understand how it works and the benefits before beginning your investment ventures.
Crypto.com Wallet Overview
As the name says, this wallet is provided by Crypto.com — one of the best cryptocurrency exchanges globally. Crypto.com is a non-custodial wallet, and you can access it via a desktop extension, Android and iOS mobile devices. With it, investors access private keys and remain in control of their assets. Note that Crypto.com wallet was launched in 2020 and has become one of the best wallets with the DeFi feature.
Traders can easily manage hundreds of cryptocurrencies and over 700 tokens across more than 15 blockchains. You can connect, mine, swap, and farm on superior DeFi protocols. For traders and investors venturing into NFTs, Crypto.com wallet lets you view your NFTs, learn about their availability, and share them on various social media platforms.
Regarding security, Crypto.com wallet is highly encrypted to protect users’ private keys. Your assets are also protected by biometric and a two-factor authentication login.
Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions.
Coinbase will NEVER ask you for your Private Keys or Recovery Phrase. Do not share these with any person or site, or you could lose access to your wallet, or have your digital assets moved out of your wallet by an attacker.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.Take 2 mins to learn more
Crypto.com wallet supports over 500 crypto assets, including Bitcoin, Ethereum and ERC20 tokens, Cosmos, Cronos, Polkadot, DAI, USDC, etc. With this wallet, you get an opportunity to explore popular DApps and DeFi protocols. In addition, you can effectively manage your NFTs using this wallet and enjoy your experience without seeking other wallets.
Fees
You do not need to make any deposit before using Crypto.com wallet. Setting it up is also free of charge, and you will not pay for transactions within the ecosystem. However, the wallet charges a small transaction fee when transferring assets to and from other blockchains.
Furthermore, Crypto.com DeFi wallet is backed up by an Ethereum gas tracker to help know the Ethereum fees in all transactions. As a result, it will be easier for you to choose the best time for cheaper transactions — probably where the network is less congested.
Payment Methods
Crypto.com is a non-custodial wallet, meaning all your crypto assets are in your control. The wallet is specifically tailored to secure your cryptocurrencies using private keys. Therefore, all your purchased cryptocurrencies are stored in a blockchain and secured with the keys in your wallet.
However, note that while making purchases and transferring your crypto assets to various blockchains, you will pay transaction fees to the Crypto.com exchange. Some of the payment methods supported include:
Credit/debit cards
E-Wallets
Bank Transfers
Crypto.com Visa Card
Crypto.com Pay
All the above payment methods are efficient and quick, making it easier for traders to make quick moves in the highly dynamic cryptocurrency market. Confirm the supported fiat currencies from the exchange to enjoy your experience.
Security
Crypto.com prides itself on investing heavily in the security of traders’ assets. All transactions are monitored by professionals, and the wallet secures users’ cryptocurrencies in a cold or hardware wallet. In addition, the wallet has insurance for stored assets to prevent damages and third-party theft.
This wallet is also highly encrypted and backed by a two-factor authentication, passcodes, and face scan to ensure your data and private keys are safe and only accessible to you.
Customer Support
Crypto.com wallet support service operates round the clock, and you can reach it via email and live chat. There is no phone support, but the service is highly rated for providing relevant solutions to traders’ challenges and concerns.
Education
If you want to learn more about the Crypto.com wallet, you can access ultimate guides on the Crypto.com website. Besides understanding how the wallet works, traders can take advantage of additional learning resources to understand the exchange and NFT marketplace. This way, it will be easier for you to manoeuvre the platform and diversify your portfolio across various cryptocurrency assets.
How to Set Up Your Crypto.com Wallet *
BEWARE OF SCAMS
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
To start using Crypto.com wallet, you must download and install it from Google Play or App Store. There is also a desktop wallet extension to add to your browser. Most importantly, ensure the wallet is connected to the Ethereum network since this is the network Crypto.com is hosted. You should also read the terms of service and privacy notice to ensure you are familiar with its operations before getting started.
Here are the procedures to set up Crypto.com and get started.
Once you download the app, set up your six-digit passcode and add additional security by enabling face ID and two-factor authentication.
Back up your recovery phrase and select your wallet’s name.
Select your avatar, then click confirm, after which your wallet will be ready to use.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
Editor’s Note
We consider Crypto.com a secure wallet that allows you to access private keys and manage your own cryptocurrencies. Assets are stored in hardware or cold storage to protect them against hackers. On top of that, Crypto.com insures users’ cryptocurrencies against damage or loss.
Another element that makes this wallet stand out is the ability to allow users to send cryptocurrencies at their preferred network fee and confirmation speed. And the fact that its support service is reliable and assists investors by giving them relevant solutions to their challenges makes Crypto.com a viable choice.
FAQs
Is Crypto.com wallet safe?
Yes. Based on our thorough analysis, Crypto.com wallet is safe since it has cold storage and secures traders’ assets using private keys, strong passwords, two-factor authentication and face ID. The wallet is also hosted by one of the most highly reviewed exchanges by users globally.
Can crypto wallets be hacked?
Yes. Crypto wallets, especially those with hot or software storage, can easily be hacked and have your private keys stolen. For this reason, you should always ensure you wallet is highly secured or choose a wallet like Crypto.com with software or cold storage. All in all, contact your wallet’s support service or transfer your assets to another wallet in case you feel your wallet is compromised.
What is a DeFi Wallet?
A DeFi wallet is a non-custodial wallet that allows users to manage their own cryptocurrencies using the private keys provided. Crypo.com is one of the best DeFi wallets to send cryptos to other investors at your prefeed network fee and confirmation speed.
Thadeus Geodfrey
Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.
His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.
Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions.
5.0
Customer support
4.0
Commissions & Fees
3.0
Platform & Tools
4.0
Research
4.0
Overall Rating
9 Replies to “Crypto.com DeFi Wallet Review 2025”
Mark says:
The app is great, it works fast. They also have a very small commission if cro is translated, for cro staking it’s super!
The application is super, it works even faster compared to the same cryptocom wallet. The commission is very small if you transfer cro, for staking cro it is super good!
Everything is working. At the expense of some kind of asset freeze, there is complete nonsense. I have been using it for exactly a year, there are no complaints
Developers are really working on the app. I have a redmi 8T and now the app finally has stopped crashing! Thank you! By the way, there were no problems with translations.
Crypto.com has a very good site and app, so I am using it every day. Customer service is really fast. Easy to use the platform to trade with crypto. Good for beginners. They are cool, with so many benefits to the customer
Best company in crypto hands down. Great app, very user friendly and the wallet is amazing. I'm a relative newbie to crypto and this is so easy to use. The fees are a little high but hopefully in time they will come down. If you're struggling to understand how to deposit or withdraw from the app then go on YouTube and look at all the tutorial videos on setting up the app.
I've used Crypto.com for two years, and their app is fantastic, especially when I recently created an account for my wife. The customer service is responsive and provides excellent follow-up, making it easy to manage digital assets like Bitcoin and Ethereum.
I've been working with this broker for several months now. Transferring funds to my card is smooth. Buying cryptocurrency is also hassle-free. The platform is easy to navigate, all settings work correctly, and I haven't encountered any issues.
I found the Crypto.com wallet easy to use, but the lack of recovery options is a big downside. If you want a more secure and beginner-friendly option, Ledger Nano X (for hardware security) or Trust Wallet (for mobile convenience) might be better choices.
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The app is great, it works fast. They also have a very small commission if cro is translated, for cro staking it’s super!
The application is super, it works even faster compared to the same cryptocom wallet. The commission is very small if you transfer cro, for staking cro it is super good!
Everything is working. At the expense of some kind of asset freeze, there is complete nonsense. I have been using it for exactly a year, there are no complaints
Developers are really working on the app. I have a redmi 8T and now the app finally has stopped crashing! Thank you! By the way, there were no problems with translations.
Crypto.com has a very good site and app, so I am using it every day. Customer service is really fast. Easy to use the platform to trade with crypto. Good for beginners. They are cool, with so many benefits to the customer
Best company in crypto hands down. Great app, very user friendly and the wallet is amazing. I'm a relative newbie to crypto and this is so easy to use. The fees are a little high but hopefully in time they will come down. If you're struggling to understand how to deposit or withdraw from the app then go on YouTube and look at all the tutorial videos on setting up the app.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Fees
Account opening
Customer service
Deposit and withdrawal