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Crypto Currency Exchanges:
Our Review of Who is Crypto.com Crypto.com

Crypto Currency Exchange:
Who is Crypto.com Crypto.com
Model Number: Not Applicable
Country of Jurisdiction: Singapore
MSRP: $0.00
Recommendation: Two Thumbs Down Rating
Two Thumbs Down!

Who is Who is Crypto.com Crypto.com?

As of 2025, Crypto.com is a private crypto currency exchange service in Singapore.  The address of this company is 1 Raffles Quay, #25-01 Singapore 048583.  This company was founded on June 2016; a little over 8 years ago since this post here on Peer Reviewed Products.  It was founded by Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo and was initially founded in Hong Kong.  According to the information we were able to obtain, Crypto.com is operated by Foris DAX Asia, which is a Singapore-based company that's a subsidiary of Foris DAX MT (Malta) Limited.

Their exchange application uses an Lynx and Apple base Android and IOS based application, but you can also use the web interface on Microsoft Windows, macOS, Linux, Android, and iOS operating systems.

How many people use Crypto.com

According to information we obtained through multiple sources, the company had a 10 million users in February 2021.  Its been reported that they have more than 50 million active users as of May 2022 and 80 million users as of June 2023, but we could not officially confirm this information.

What we found about Crypto.com

In January of 2022, Crypto.com was the victim of a hack totaling US$15 million stolen in Ether crypto currency.  Users reported suspicious activity on their accounts and the company paused withdrawals after many complaints.  Withdrawal services were later restored alongside a statement from the company that no customer funds were lost but according to reports.  We did research into this and found that analysis who did peer reviewed the company's statement had found that $15 million in Ether was gone.  Ether is a crypto currency.  You may click on the underlined link.

We were able to confirm on June 09. 2023, that Crypto.com said it will shut down its institutional exchange service for US customers in less than two weeks from that date of the Forbes article that was done on Crypto.com.  The company, Crypto.com stated that demand was drying up in the United States. Hmmmm, we wonder why?

We found out that Crypto.com’s decision may have came from the Security and Exchange Commission (SEC) to drop the United States exchange came because of U.S. government pressure on other crypto currency exchanges.  Another crypto currency exchange called Binance, which had U.S. division announced that users would no longer be able to trade the U.S. dollar on its platform following a lawsuit from the Securities and Exchange Commission.  The SEC did sue another crypto exchange called "Coinbase" for an alleged breach of trading rules.

What happened when we used Crypto.com

Our founder signed up for a new account to buy and trade crypto currencies to see if this was something he would be interested in.  After reading through the disclosers for funding the account, the sign up appeared to be fast.  The account was funded in minutes after filling out the require information and doing an Automated Clearing House (ACH) transfer.  Just, so if you don't know what an ACH transfer it is an electronic network for financial transactions in the United States.  ACH processes large volumes of credit and debit transactions in batches.  In Crypto.com's online advertisement they claim it only takes minutes to fund you account.

Terms and conditons

You can buy stable crypto from our experience, but you can't transfer it to a cold wallet or transfer it to to another crypto futures exchange or pay anyone with it.  Even after the so-called hold they put on our money which has been over 5 days as advertised, we were still not able to transfer any crypto or buy anything with the crypto.  Eleven days later after converting the cash to crypto and lossing money on the stable crypto, we still are unable to transfer the crypto to anyone after being converted from U.S. money to USDT or USDC stable crypto.  Crypto.com is false advertising and committing fraud to would be customers.  Its no wonder why the Securities and Exchange Commission is watch these organization, because they are not following the rules.

If you buy crypto use extreme caution when dealing with Crypto.com and Coinbase.com.  Both of these companies do a bait and switching, false advertising, and we believe are committing fraud and they will fee the hell out of your funds if you exchange your U.S. money for stable currency or Bitcoin should the value drop on these crypto's.  We even noticed that other exchanges are not losing this kind of value on stable currency.  We lost $8.00 per two hundred dollars we put in the account and we have not been able to move the crypto either.

We will be adding more to this story, please stay tuned and watch you're six with these crooks.  If you have complaints or a review (Bad or Good) about a particular company, lets us know at admin@peerreviewedpolitics.com, and we may post it.