Crypto.com is ubiquitous. Their advertising budget must be enormous, partly because Crypto.com ads pop up about a thousand times a day and also because they've spent a lot of cash to place their name on posters and billboards everywhere, especially during sports events. And then of course there's the DTLA's Crypto.com Arena - formerly known as Staples Center - $700mln deal.
My personal opinion is the Crypto.com app is not as user-friendly and intuitive as Coinbase or even Binance. And some of the features should be improved. The Missions feature doesn't seem to be working very well, and the minimum requirement to unlock the sign-up bonus is $350 worth of CRO which, in my opinion, is too much. As a result, I never felt inclined to deposit any amount of my own crypto in the app. Partly because of that, and partly because it doesn't look immediately obvious how this could be a better place to deposit your crypto than other similar apps.
As for their coin, CRO, it did really well following the Crypto.com Arena deal announcement but then it almost fell back to its pre-deal value, currently at $0.5022.
They're clearly in it for the long run, and I guess their platform will get better with time. And I guess the CRO coin does have potential to go up. But at the moment I'm not exactly enthused.
What do you think? Have you used the app before? Let me know your thoughts in the comments below.
I want to state that this is just my personal opinion based on my own experience with the app and nothing else. I'm in no way endorsing this or any other app, nor am I advising anyone to use it or not to use it.
