Best For

      Retail Lenders
      Stablecoin Holders
      USD, EUR, & GBP Interest

Crypto.com is a multipurpose, centralized crypto asset lending platform with a global customer base. Users can currently earn interest on 15+ crypto assets including stablecoins, Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and more.

Crypto.com Interest Account - 2020 Comprehensive Review

Overall Score:

8
Trusted
Global Access:
6.5 of 10
Interest Accounts:
8.5 of 10
Ease of use:
8 of 10
Trust:
7.5 of 10
Fees & Rates:
8 of 10
Support:
9 of 10

Crypto.com Interest Account Overview

APY Rates1% - 16%
Interest Earning AssetsDAI, PAX, TUSD, USDC, USDT, BTC, ETH, LTC, XRP, BNB, MKR, LINK, BAT, MCO, CRO, PAXG, EOS
Rate VariabilityLow Variable, Fixed
Earn Interest onStablecoin, Crypto
Deposit Amounts$20 - $1,000,000
Payout FrequencyWeekly
Lockup TermsFlexible, 1 Month, 3 Months
Compound InterestYes
Network TokenMCO
Token BenefitUsers that stake 500 MCO token earn an additional 1%-2% APY Rate over the published rates.
Platform TypeCentralized Lender
Deposit InsuranceFalse
Credit checkNo
KYC CheckYes
Platform FeesNo Fees
Supported RegionsAll Countries
Excluded RegionsHong Kong, Switzerland, and Malta

Crypto.com Interest Rates (APY)

Earn OnAPY Rate
DAIDAI6% - 10%
Paxos StandardPAX6% - 10%
TrueUSDTUSD6% - 10%
USD CoinUSDC6% - 10%
TetherUSDT6% - 10%
BitcoinBTC1% - 4%
EthereumETH1% - 3%
LitecoinLTC1% - 3%
XRPXRP1% - 3%
Binance CoinBNB2% - 6%
MakerMKR2% - 6%
ChainlinkLINK2% - 6%
Basic AttentionBAT2% - 6%
MCOMCO1% - 4%
Crypto.com CoinCRO12% - 16%
PAX GoldPAXG1% - 4%
EOSEOS2% - 6%

MCO (MCO) Token

Ticker

MCO

Price

$3.28

Volume

$2,747,369.20

Market Cap

$51,838,431.00

Circulating Supply

15,793,831

Total Supply

31,587,682

Rank

146

Blockchains

Ethereum

Trusted Exchanges

Binance, OKEx, Huobi Global, Bittrex Global, Gate.io

Hardware Wallets

Ledger, Trezor

MCO (MCO) Token Exchanges

ExchangeRatingPricePairs24hr Volume
Binance8.5/10$3.473$440,546.35
OKEx7.5/10$3.463$231,031.31
Huobi Global8/10$3.473$183,618.78
Bittrex Global6.5/10$3.482$2,756.24
Gate.io6.5/10$3.472$601.00

Recommended MCO (MCO) Walletss

WalletRatingTypePrice
Ledger10/10Hardware$69.99
MetaMask8/10Browser Extension$0.00
Ledger Nano M7/10Mobile Application$96.00
Trezor9/10Hardware$149.99
MyEtherWallet9/10Web$0.00
MyCrypto9/10Web$0.00
TrustWallet9/10Mobile Application$0.00

Crypto.com Interest Account Alternatives

Rating8/108/108.5/10
Best Stablecoin APY RateDAI 6%GUSD 8.6%USDT 8%
Locked TermsFlexibleFlexibleFlexible
Payout FrequencyWeeklyMonthlyDaily
Compound InterestYesYesYes
Deposit InsuranceNoYesYes
KYC CheckYesYesYes
Credit CheckNoNoNo
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Interest Rates - Crypto.com offers competitive interest rates on 5 major stablecoins and 10+ crypto assets.
  • Lock Up Options - Users can select daily, monthly, or 90 day interest agreements. The longer the duration of the agreement, the higher the interest APR on the deposited asset.
  • Ledger Vault - Aggregate user funds are 100% held in cold storage wallets secured by Ledger Vault.
  • Mobile App - Crypto.com has an easy to use mobile app available for both Android & IOS.
  • Asset Options - Crypto.com currently offers interest rates on 10+ crypto assets and 5 stablecoins.
  • Customer Support - 24/7 live chat is available on both the Crypto.com website and mobile applications.

Cons

  • Native Platform Token - Crypto.com ran an ICO in 2017 and issued a native utility token called MCO to investors. While purchasing and using the MCO token does have certain benefits, several other successful crypto lending platforms have proven that native utility tokens are not necessary and in most cases, overcomplicate the user experience.
  • No Compound Interest - Interest is only paid daily on crypto asset balances and does not compound. Users looking to earn compound interest on their crypto assets can see our BlockFi and Nexo interest account reviews.
  • Balances Not Insured - User account balances are not insured on the Crypto.com interest platform.
  • Privacy - Crypto.com is a centralized lending platform and therefore is required to operate under traditional finance regulatory frameworks. As a result, users must KYC and verify their identities prior to using Crypto.com.

Frequently Asked Questions

Does Crypto.com have a mobile app?

Is the Crypto.com wallet safe?

Can I earn interest on my stablecoins with Crypto.com?

Does Crypto.com require users to KYC?

Are Crypto.com crypto asset account balances insured?

Summary

Crypto.com is a multifunctional, centralized crypto asset lending platform where users can earn interest on a variety of stablecoins and crypto assets. The platform excels in user experience with competitive interest rates, a user friendly mobile app, and 24/7 live chat support.

Formerly known as Monaco, Crypto.com conducted an ICO in 2017 raising $26.7M USD and issued a debatably necessary native platform token to investors. Users can ‘stake’ the MCO token and earn higher interest rates on their crypto asset balances.

Overall, Crypto.com is an easy to use platform with several useful features. While there is no compound interest offered on crypto asset balances, their overall interest rates are higher than the industry standard. Crypto.com user account balances are not insured and Blockfer recommends that this risk be taken into consideration.

Learn More Best Features

Crypto.com Official Website

  • Earn 6%-10% Interest on stablecoins like USDC, DAI, PAX, TUSD, and USDT.
  • Earn 2%-6% Interest on a trusted gold stablecoin; Paxos Gold (PAXG)
  • Supports a wide range of Crypto tokens to earn interest on.

Legal & Regulation - Facts & Figures

Legal Name MCO Malta Dax Limited
Incorporated Country Malta
Headquarters Hong Kong
Year Founded 2016
CEO Kris Marszalek
Total Employees 50-100
Regulators Unclear Regulation
Links Website, Crunchbase, Whitepaper, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The interest product providers found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our interest product reviews and comparisons include: APR rates, compound interest, available assets, terms and fees, and deposit amounts.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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Make Better Decisions With Your Crypto.
How We Earn Revenue