We are sure
When choosing a cryptocurrency exchange, trust is one of the most important factors. After all, you are entrusting your hard-earned money to a platform and you want to be safe and protected. At Crypto.com, we pride ourselves on being a trusted and secure crypto exchange regulated by the UK’s Financial Conduct Authority (FCA).
1.) We have a 2FA requirement as a security measure for users to manage their withdrawals, deposits and API keys on a Crypto.com Exchange account.
2.) Our exchange also offers an anti-phishing code to help identify if emails are legitimate from Crypto.com Exchange.
3.) We provide trusted device management that gives users ownership of which device can access their Crypto.com Exchange accounts
4.) Users have the option to use the 24 hour payout lock option for recently whitelisted addresses as an additional layer of security to protect their funds.
5.) In addition, we also have an Account Protection Program where users in selected countries are covered up to $250,000 if a third party gains unauthorized access to their account and withdraws funds.
We are transparent
Trust is not only about security – it’s also about transparency. As the industry leader in regulatory compliance, security and privacy certification, trusted by more than 70 million customers worldwide, we are more committed than ever to setting the highest standards of transparency for our industry.
Our first step is to conduct a Proof of Reserves (PoR) audit, an exercise designed to ensure that the platform has sufficient assets to cover all of its clients’ balances. PoR is conducted and certified by an independent auditor to ensure the integrity and anonymity of the entire process.
As a Crypto.com user, you will have access to Crypto.com’s PoR verification page, where you can ensure that Crypto.com holds your funds in a 1:1 secure reserve.
As a further step towards full transparency, we have also published our key wallet addresses and made our reserves easily verified on Nansen.ai.
We are BUIDLers
At Crypto.com, we offer a variety of products and services, including:
Derivatives trading (e.g. permanent instruments, options and guarantees)
However, our latest GEN 3.0 Crypto.com Exchange update allowed us to transition to a ‘one-exchange-and-one-wallet’ infrastructure, bringing better functionality and products for our users. Every Crypto.com user now enjoys the following benefits:
Better user experience
Trade every market with one wallet – Users no longer have to go through the hassle of transferring funds between their Spot, Margin and Derivatives wallets. Now users can seamlessly trade all products with one wallet.
Margin trading with one click – Eligible users can start margin trading with a simple one-click switch. Within the trading user interface, they can also track their collateral levels at a glance.
USD Bulk deposits and withdrawals – Users can deposit BUSD, TUSD and USDC and these are the stable coins that will make up the balance of the USD user’s package. Users can flexibly withdraw the stablecoin of their choice at a 1:1 ratio without incurring conversion fees or resulting differences.
USD Bundle Trading Pairs – All trading pairs denominated in BUSD, TUSD and USDC will become a pair denominated in the USD bundle, called /USD. Users can immediately start trading USD Pack pairs with their USD Pack balance. In the future, retail customers can directly deposit and withdraw USD to their Exchange account – their USD deposits will also be part of their USD Bundle balance, along with the aforementioned stablecoins.
Reduced latency – GEN 3.0 boasts additional latency reduction for even faster trade execution. See the table below for more details.
Better capital efficiency
Multiple collateral options – Eligible margin and derivatives traders can now access up to 89 Spot assets as collateral.
Significant margin reductions – Margin requirements for positions in opposite directions will be compensated. All long or short positions with the same underlying asset can receive a margin reduction of up to 50%. This is especially useful for traders who employ a typical calendar spread strategy.
Effective collateral management – All existing collateral is automatically used to reduce risk and save costs, reducing the user’s leverage and margin and interest on the loan.
Margin compensations for different products – The margin calculation process has been simplified across multiple product types, allowing margin requirement offsets for products.
First, confirm. Then believe. Trust us.
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