I have these three apps on my phone, and I have used two of them extensively and one rarely. I get a lot of questions from people about these three apps so I created a video explaining each one. They all deal with cryptocurrencies, but they each have distinct purposes and functionalities and are targeted at slightly different groups of people:

Crypto.com App:

• Custodial wallet: This means Crypto.com holds the private keys to your crypto on your behalf. Not your keys, not your crypto as we say.
• Easier to use: User-friendly interface designed for beginners and casual users.
• Limited features: Primarily focused on buying, selling, and trading cryptocurrencies.
• Earn rewards: Offers various ways to earn rewards on your crypto holdings (staking, interest, etc.).
• Fiat currency support: Allows buying and selling crypto with fiat currencies like USD and EUR.
• Visa Debit Cards: Used to manage debit cards including pin numbers and freezing the card.

Crypto.com Exchange:

• Advanced trading platform: Offers a wider range of order types, charting tools, and technical analysis features for experienced traders.
• Higher fees: Generally higher fees compared to the Crypto.com App.
• Margin trading: Enables trading with borrowed funds for potentially higher returns (but also higher risks).
• Wider selection of cryptocurrencies: Supports a larger number of cryptocurrencies compared to the App.
• No fiat currency support: Requires depositing existing crypto to start trading.

Crypto.com DeFi Wallet:

• Non-custodial wallet: You have complete control over your private keys and crypto assets.
• DeFi integration: Allows interacting with DeFi protocols like lending, borrowing, and staking directly from the wallet.
• Advanced features: Supports swapping tokens across multiple blockchains, managing NFTs, and connecting to DApps.
• Steeper learning curve: Requires more technical knowledge and responsibility compared to the App.
• No fiat currency support: Requires depositing existing crypto from other sources.

Here's a table summarising the key differences:

Feature	Crypto.com App	Crypto.com Exchange	Crypto.com DeFi Wallet
Wallet type	Custodial	Non-custodial	Non-custodial
Target audience	Beginners, casual users	Experienced traders	Advanced users, DeFi enthusiasts
Features	Easy buying/selling, limited trading	Advanced trading, margin trading	DeFi integration, multi-chain swaps, NFTs
Fees	Lower	Higher	Network fees only
Fiat currency support	Yes	No	No

The one that I use the most is the DeFi wallet these days, since I hold coins in there. Prior to that, I used the main app the most because I own a Visa Debit card and staked a fair bit of $CRO which gave me free Spotify and Netflix. When the bear market hit, Crypto.com decided to end many of the perks, so I unstaked my $CRO tokens and sought greener crypto pastures.

Peace & Love,

Adé