Crypto.com Review

In March 2021, the Crypto.com NFT marketplace was launched as an extension of Crypto.com, one of the most popular cryptocurrency exchanges on the market. Crypto.com has an exceptional reputation for user-friendliness and low fees, so it makes sense it would want to launch its own marketplace for NFTs.

To be able to sell on Crypto.com creators need to send an application. Currently, there is no way to resubmit an application if it has been rejected. Minting a new NFT takes a minimum of 72 hours.

Apart from the occasional frustrations that may be experienced by creators using this platform, buyers can use a variety of payment methods and wallets. Crypto.com NFTs can be bought instantly using a credit or debit card. This is in contrast to other NFT marketplaces, which require crypto to facilitate payments.

Crypto.com NFT Marketplace is one of the most user-friendly platforms in the cryptocurrency nft space. The marketplace can be accessed through your web browser, and features a clear layout with sections for upcoming drops and notable brands.

Crypto.com also offers a free, non-custodial wallet that supports over 100 crypto assets and is protected by biometric and two-factor authentication (2FA). Its one of the best crypto wallets on the market. The Crypto.com DeFi wallet also supports non-fungible tokens (NFTs).

You're required to have a Crypto.com account to purchase and sell NFTs.

What cryptocurrencies are accepted on Crypto.com NFT?

All transactions relating to sales items on Crypto.com NFT will be recorded on the Crypto.org Chain. he site states it's looking into compatibility with other blockchains like Ethereum.

Crypto.com also has multiple payment methods:

• Credit card
• Debit card
• Account balance
• Crypto.com Pay via Crypto.com App

NFTs categories available on Crypto.com

Crypto.com's marketplace is broad, so creators have a lot of freedom to mint or sell any kind of NFTs on the platform.

There are different categories of NFTs on the platform:

• Art
• Gaming
• Sports
• Music
• Celebrities
• Crypto

Crypto.com app

Crypto.com offers a fantastic NFT app, with all of the same functions as the browser-based platform, including the ability to scan the marketplace, buy and sell NFTs, mint NFTs, transfer balances to your Crypto.com Trading Account, and more.

The Crypto.com NFT Marketplace is incorporated into the regular Crypto.com app.

Crypto.com fees

Crypto.com doesn’t charge any fees to the buyer when an NFT purchase is made, a fact that contrasts with many other NFT marketplaces that charge commissions for their services.

If you'd like to mint NFTs and sell them on the Crypto.com NFT marketplace, the fee will be 1.99%. This is called the ‘Primary Seller Fee’ and applies only to the first sale of an NFT.

Free minting, but there is a 15% primary listing fee that will be charged when your self-minted NFT is sold for the first time. Starting September 30, 2022, users can enjoy a promotional rate of 1.99% if they list their NFTs before that date.

Royalties for resales of collectibles created directly by creators through the platform are fixed at 10% for creators and are only charged for transactions occurring on the Crypto.com NFT platform.

Crypto.com security

The Crypto.com security came into question in January 2022 after a $30 million hack. ETH, BTC and other cryptocurrencies were stolen from 483 users' wallets. However, Crypto.com reimbursed the affected users.

Crypto.com has implemented additional security measures since the incident, as reported by Wired.

Crypto.com support

Crypto.com has an extensive FAQs section on its website, providing answers to most common questions. It covers almost everything you would need to know about investing in NFTs with Crypto.com, making the process much easier for beginners.

Crypto.com also has several other contact methods, including a dedicated email address and a ‘Live Chat’ box on most pages.

Bottom line

Overall, Crypto.com NFTs are a good place to start for begginers looking to get into the NFT space, but creators who prefer creating on more established blockchains like Solana or Ethereum may want to look elsewhere.

NFTs have low transaction fees. You can use multiple payment methods and support wallets and for newer collectors, Crypto.com's safelisted collections could be a good introduction to the NFT ecosystem.

If you are a creator Crypto.com may not be you best choice. But Crypto.com is a good option for collectors looking to buy verified NFTs and with the ability to use fiat or cryptocurrencies.