Crypto.com arrived on the Canadian crypto scene with the promise of supporting a wider variety of coins with reasonable trading fees. And with 100+ supported cryptocurrencies, high-level security measures, and lightning-fast price updates, Crypto.com is one of the top cryptocurrency exchanges in Canada.
Crypto has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or our link) you will receive a $25 sign-up bonus after staking Crypto.com’s Coin (CRO). You will also receive your own referral code, which you can use to invite friends and earn $25 for each successful referral—you can invite as many as you want.
Alternatively, if you're looking for a safe, secure way to start investing in crypto, I highly recommend CoinSmart or VirgoCX, two of my best-rated cryptocurrency exchanges. CoinSmart has 200,000+ satisfied users, charges low trading fees, and offers a $50 signup bonus from today until December 5, 2023.
How To Use Your Crypto.com Referral Code
Crypto.com has a referral program for new traders. This is common practice in all good crypto exchanges, including VirgoCX, CoinSmart, and Bitbuy. When you sign up with Crypto.com using the referral code YOREOYSTER, you will receive a bonus of $25 USD. You can also earn interest by staking Crypto.com’s Coin (CRO) and making trades with up to 10x leverage.
To use Crypto.com's referral code:
- Visit Crypto.com’s page.
- Click on the sign-up button.
- Fill in some basic information and use the referral code YOREOYSTER. (important: you have to use the referral code before continuing – you will not be able to use it after you create your account, and you will miss out on the bonus).
- Verify your identity and fund your account. You will receive the bonus after you stake CRO for a Visa card.
What Is Crypto.com?
Crypto.com is a major global player as far as crypto exchanges go, and it’s recently been having a major impact on the Canadian crypto market. It supports 100+ cryptocurrencies, making it an ideal fit for crypto investors that want to invest in uncharted altcoin territory before everyone else does.
Crypto.com also offers some unique features that no other Canadian exchanges can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel confident in a coin.
What Coins Does Crypto.com Offer?
Crypto.com has the biggest number of cryptocurrencies supported out of any crypto exchange in Canada, going beyond the 100 crypto asset mark. Some of the top cryptocurrencies they support are:
| Bitcoin (BTC) | Chainlink (LINK) |
| Ethereum (ETH) | Basic Attention Token (BAT) |
| Cronos (CRO) | Uniswap (UNI) |
| USD Coin (USDC) | Yearn Finance (YFI) |
| Kyber Network (KNC) | Binance Coin (BNB) |
| Algorand (ALGO) | Compound (COMP) |
| Helium (HNT) |
Crypto.com Fees
There are two types of fees you will incur when trading with Crypto.com.
For debit/credit card crypto purchases, you’ll pay between 2.99% to 3.99% in fees. ACH and wire transfers are free, but withdrawal fees depend on the cryptocurrency.
Trade crypto with the lowest fees
Claim your account by December 5, 2023 to get exclusive access to this special deal.
If you’re trading less than $25,000 USD per month, both makers and takers pay 0.4% in trading fees. Those fees are slightly lower if you’re trading more on a monthly basis (eg. 0.35% if you trade up to $50,000 USD per month), but 0.4% is a good baseline to gauge from.
Crypto.com also offers incentives to help users reduce their trading fees. For instance, users can get anywhere between 10% to 100% in trading fee discounts if you stake your CRO tokens or pay maker and taker fees with CRO.
| 30-Day Trading Volume (USD) | Maker Fees | Taker Fees |
| Up to $25,000 USD | 0.40% | 0.40% |
| $25,000 – $50,000 USD | 0.35% | 0.35% |
| $50,000 – $100,000 USD | 0.15% | 0.15% |
How To Sign Up With Crypto.com
#1 Visit Crypto.com’s website.
#2 Fill in some basic information like your name, email, and phone number. (important: this is where you use the referral code YOREOYSTER. If you don’t use it in this step you will not be able to use it after you create your account, and you will miss out on the referral bonus).
#3 After confirming your phone and your email the last step is to verify your identity.
#4 Verify your identity using your passport, driver’s license, or another piece of government-issued ID.
Crypto.com’s Referral Program
After creating your Crypto.com and staking CRO, you will find your referral link in the Super App menu. Tap Referral Bonus balance details and click the share now button.
- Share your code via text, email, or to your social media audience.
- Once a referee signs up and stakes CRO both of you will receive a $25 bonus credited to each of your CRO Wallets instantly.
- There’s no limit to how many people you can invite.
Is Crypto.com Safe In Canada?
It’s worth mentioning that investing in cryptocurrencies is very risky, regardless of what crypto exchange platform you use to do so. However, Crypto.com is a very safe platform to use. Like other exchanges we've reviewed, including Newton, Shakepay, VirgoCX, Bitbuy, CoinSmart and even Wealthsimpre Crypto, Crypto.com has never been hacked.
This isn't always the case, with big names like Binance having been hacked several times already.
In fact, Crypto.com is one of the safest crypto exchanges in Canada, and they’ve invested a lot of money into ensuring your digital assets are secure.
Is Crypto.com Legal In Canada?
Yes. Crypto.com is registered as a Money Service Business (MSB) through the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which means that its subject to this entity’s regulations.
Introducing Kraken: Our #1-Rated Crypto Exchange In Canada
Solid Option
|
Total Fees: ~3.2% |
★★★★ Rated 4.0/5 |
VirgoCX doesn't charge any trading fees, deposit fees or withdrawal fees—yet its extremely high spreads make it one of the more expensive crypto exchanges in Canada. Those spreads are generally around 3.2%, which means you pay 20x the fees as you would trading with Kraken, which is absurd.
Aside from the high fees, though, VirgoCX is a great exchange. Its trading platform and mobile app are intuitive and easy to use (even for beginners), it supports 50+ cryptocurrencies, and it offers 24/7 customer support via live chat and email, plus an extensive FAQ section on its site.
VirgoCX covers the first $6 in mining fees on crypto withdrawals, which means you generally won't pay anything to withdraw crypto. For security, VirgoCX maintains a 95% cold storage policy and requires 2-factor authentication on all accounts.
As a new VirgoCX user, you'll receive a $20 bonus upon funding your account with $100 or more.
If working with an easy to use platform is important to you, VirgoCX is a solid choice.
Features
- Supports 50+ cryptocurrencies
- Free fiat deposits and withdrawals
- Free deposits and withdrawals on most cryptocurrencies
- 24/7 support available via live chat and email
- User-friendly for both beginners and more advanced traders
- 95% cold storage policy
- Regulated by FINTRAC
Cost
- Trading Fees: 0%
- Spreads: 2% – 3.5%
- Fiat Deposit Fee: 0%
- Fiat Withdrawal Fee: 0%
Signup Bonus
$20 when you deposit $100
Best For
Crypto investors who choose not to sign up with Kraken.
The Bottom Line
Crypto.com arrived on the Canadian crypto scene with the promise of supporting a wider variety of coins with reasonable trading fees. And with 100+ supported cryptocurrencies, high-level security measures, and lightning-fast price updates, Crypto.com is one of the top cryptocurrency exchanges in Canada.
Crypto has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or the link) you will receive a $25 sign-up bonus after staking Crypto.com’s Coin (CRO). You will also receive your own referral code, which you can use to invite friends and earn $25 for each successful referral – you can invite as many as you want.
Alternatively, if you're looking for a safe, secure way to start investing in crypto, I highly recommend VirgoCX, my #1-ranked cryptocurrency exchange in Canada. VirgoCX has hundreds of thousands of satisfied users, it doesn't charge any trading fees, and it keeps your crypto safe, too.
