Our Take
Rating: 4.6/5
The bottom line: Crypto.com’s Onchain Wallet offers a seamless gateway to self-custody of digital assets, especially for existing Crypto.com exchange users.
Pros & Cons
✅ Pros
- Multi-platform access: Available on desktop, mobile, and browser.
- Enhanced security: Features like two-factor authentication (2FA).
❌ Cons
- Limited educational tools: Fewer research resources compared to the exchange.
- Fee structure: Charges apply for DeFi rewards and services.
Full Review
🌟 Where Crypto.com Onchain Shines
Cross-Platform Availability
- Set up the wallet on any device (phone, computer, or browser).
Security Features
- Two-factor authentication (2FA) for added protection.
⚠️ Where It Falls Short
Lack of In-App Research
- While Crypto.com’s exchange has robust educational content, the wallet app lacks depth.
Fees for Convenience
- Earn rewards via DeFi? Expect a 0.05% service fee on profits.
🎯 Best For
- Crypto.com exchange users transitioning to self-custody.
- DeFi beginners seeking an easy entry point.
At a Glance
| Feature | Details |
|---|---|
| Security | 2FA supported. No multisig or open-source confirmation. |
| Supported Assets | 1,000+ cryptocurrencies. |
| Integrations | NFT storage, Web3, staking, swaps, and purchases. |
| Storage | Hot wallet; compatible with Ledger cold wallets. |
| Accessibility | Desktop, mobile, and browser apps. |
Detailed Ratings
🔒 Security: 5/5
- Self-custody advantage: Your keys, your crypto.
- Drawbacks: No recovery options if credentials are lost.
💰 Selection: 5/5
- Supports major tokens and niche altcoins.
🛠️ Tools: 4/5
- Includes gas fee trackers but misses advanced exchange tools.
Pricing & Fees
- Wallet: Free.
- Transactions: Network fees + Crypto.com’s service charges (e.g., 0.05% on DeFi earnings).
FAQ
❓ Is Crypto.com Onchain Wallet safe?
Yes, with 2FA and self-custody. However, users must safeguard their recovery phrases.
❓ Can I connect it to a hardware wallet?
Yes—supports Ledger for offline storage.
❓ Who should avoid this wallet?
Those needing advanced trading tools or fee-free DeFi participation.
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1. Crypto.com Onchain Wallet
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4. Two-factor authentication
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6. Hot wallet
7. Decentralized finance