In 2018 Monaco Coin bought the domain which was registered by Matt Blaze. The company used a smart marketing campaign to brand Crypto.com. Their mission is to play a big role in the transition to cryptocurrency and the adoption. Crypto.com uses the infrastructure of the parent company and they try to fulfill the wish of the consumer to pay safely and easily with cryptocurrency. They do this by collaborating with VISA. They do not offer a credit card, but a debit card. Is Crypto.com Legitimate The regulatory situation of Crypto.com is not specified, meaning that it operates without clear oversight or regulations. Trading on an unregulated exchange can have some disadvantages. Firstly, there is a lack of transparency and accountability, which can increase the risk of fraud or mismanagement. Additionally, without regulatory safeguards, traders may face challenges in resolving disputes or recovering funds in case of any issues with the exchange.
Although Crypto.com is safe, over 50% of platforms we tested have had hacks or incidents in the past. We strongly recommend storing and protecting your crypto on a non-custodial wallet where you own the private keys. Preferably, a reputable hardware wallet. Crypto.com Crypto Interest Account Quick Summary Although there are countless competitors opening their doors offering similar crypto debit cards, so far, they mostly fail to offer the vast array of features Crypto.com manages under one roof. They’ve quite literally created their own all-in-one ecosystem.