Last Updated on July 10, 2024 by Usman Javed
Crypto.com is popularly known as a crypto exchange based in Singapore. In 2021, the exchange launched its off-chain NFT marketplace, Crypto.com NFT. It has a mixed marketplace, which means it features different kinds of NFTs. Below, we explore further details on our review of this marketplace.
Insights On Crypto.com NFT?
With more than 10 million users, Crypto.com debuted its NFT marketplace in 2021. Although it is relatively new, the market has increased. One of the benefits of using Crypto.com NFT is that it lowers risk by only accepting safe listed collections, which is essential because many cryptocurrency and NFT markets frequently deal with fraud and fake assets. However, although buyers’ risk is reduced as a result, it still needs to be eliminated.
Key Features Of The Crypto.com NFT
Considering that Crypto.com is among some of the top-rated exchanges for security, based on the ranking site CER.live, storing NFTs and cryptos is straightforward and safe. However, there are some limitations with Crypto.com NFT.
To begin with, you can only resubmit your application to become a creator if it is accepted. In addition, minting a new NFT takes at least 72 hours. Fortunately, there is no fee for minting, and there are no marketplace or gas fees apart from a $3 submission fee. It might be worth it if you are willing to wait three days for the minting process.
There are some NFT marketplaces that accept credit or debit card payments and PayPal. However, the Crypto.com NFT Platform accepts credit card payments (but not PayPal), allowing newbies with little to no crypto experience to enter the NFT world.
The platform is a good starting point for beginners looking to break into the NFT world. Still, seasoned creators who prefer minting on more mainstream blockchains like Solana or Ethereum may want to look elsewhere.
FAQs
Is crypto com an excellent place to invest?
Crypto.com is an excellent choice for those seeking a broad crypto selection. In addition to cryptocurrencies, the platform includes a DeFi wallet, an NFT trading platform, Visa card benefits, etc.
Is crypto.com trustworthy?
Crypto.com is a reliable and regulated crypto platform with several security certifications and evaluations from leading security auditors.
How much does Crypto.com charge for NFT transactions?
When you sell your self-minted NFT for the first time, you will be charged a 1.99% primary listing fee.
Does Crypto.com sell NFTs?
Yes, Crypto.com NFT is one of the significant marketplaces with top projects.
How much does it cost to create an NFT on Crypto.com?
The cost of creating NFT varies depending on the chosen blockchain and marketplace. Nonetheless, these costs can range from as low as $0.05 to over $150 per NFT.
How do I see my crypto.com NFT?
Open the Crypto.com app and tap the Crypto.com NFT icon on the App home screen.
Who Is Crypto.com Good For?
Crypto.com has over 250 coins and provides a marketplace for non-fungible tokens.
Takeaways
Crypto.com NFT provides a user-friendly and secure platform for both new and experienced NFT users. While it excels in security and accessibility, the platform’s restrictions on creator reapplication and minting time may lead more advanced users to other marketplaces.
