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 28, 2024.
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.
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
Best In Canada
|
Total Fees: ~0.16% |
★★★★★ Rated 4.9/5 |
Based in the U.S. and regulated by FINTRAC in Canada, Kraken is undoubtedly the best crypto exchange in Canada. Founded in San Francisco back in 2011, Kraken outperforms the smaller Canadian crypto exchanges due to its significantly lower fees, better customer support, and superior overall trading experience.
For starters, Kraken's fees are far lower than any Canadian exchange, with most users paying 0.16% per transaction (fees decrease down to 0% if you trade high volumes). Kraken's spreads are also absurdly low, typically around $0.10 per Bitcoin, which is 0.0003%. Compare that with the other Canadian exchanges—which routinely charge up to 2% in commissions plus an additional 2% or more in spreads—and it's easy to see why Kraken is such a popular exchange.
Kraken also has better customer support than any other Canadian exchange, and is the only exchange in Canada offering telephone support (available in English, French and Spanish). It supports 100+ cryptocurrencies and has a world-class trading platform and mobile app that's powerful yet easy to use.
If that wasn't enough, Kraken's trading platform is far more professional and robust than its Canadian peers, offering features like NFT trading, staking and support for a wide range of fiat currencies including CAD, USD, EUR, and more.
Overall, Kraken is the best fit for most Canadian crypto investors because it has lower fees, better support and a better trading platform overall. If you're looking to start trading crypto in Canada, we strongly recommend Kraken.
Features
- Extremely low trading commissions (0.16%)
- Extremely low spreads (0.0003%)
- Trade 100+ cryptocurrencies
- Stake 100+ cryptocurrencies
- Simple, intuitive user interface
- Kraken Crypto Watch allows you to keep track of the crypto market
- NFT trading inside the Kraken app
- 24/7 customer support via phone, email and live chat
- Plenty of free educational resources available to users
- 95% cold storage policy
- Regulated by FINTRAC
Cost
- Trading Fees: 0.16% (spot trades cost 0.26%)
- Spreads: 0.0003%
- Fiat Deposit Fee: 0%
- Fiat Withdrawal Fee: $10 CAD
Best For
Canadian cryptocurrency investors looking to trade with the industry's lowest fees.
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.
