Crypto.com NFT Marketplace – How to Buy NFTs on Crypto.com App

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The popularity of NFTs has grown tremendously over the past year. And this has led to many new NFT marketplaces entering the space – such as Crypto.com.

In this Crypto.com NFT Marketplace review, we discuss everything there is to know about the platform in terms of fees, supported tokens, user-friendliness, payment methods, and more.

Crypto.com, the #1 NFT Marketplace for 2022

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Crypto.com NFT Marketplace – A Quick Overview

Crypto.com is a digital asset platform that was set up in 2016. It has quickly risen to popularity among crypto enthusiasts by offering a wide variety of services. The platform gives you access to crypto interest accounts, lending services, and trading facilities under a single umbrella.

Crypto.com

In March 2021, Crypto.com launched its NFT marketplace. The marketplace offers the best NFTs to buy, with categories such as art and music for those who appreciate a good collector’s item.

In the course of one year, Crypto.com has collaborated with over 150 artists to give its users access to highly-curated NFTs.

This includes some of the most popular NFT collections available – such as Snoop Dogg’s ‘A Journey With the Dogg’, and Aston Martin’s ‘A New Era Begins’.

Before we get to our in-depth Crypto.Com NFT Marketplace review – let us give you an outline of what features are offered by this platform.

  • Trade NFTs – Crypto.com allows you to buy and sell NFTs via its marketplace.
  • Mint NFTs – You can also create your own NFTs and sell them to other Crypto.com users.
  • Crypto.com DeFi Wallet – You can deposit, receive, store and view your NFTs via this wallet directly on your smartphone.
  • Share NFTs – You can share NFTs on social media using the in-app customizable template.

Our Crypto.com NFT Marketplace review will cover each of the above features in great detail. 

Crypto.com NFT Marketplace – Supported Blockchains

NFTs are unique digital tokens that exist on a blockchain. In other words, when choosing a marketplace, you should make sure that the platform supports the specific blockchain that you want to use to build your NFT portfolio.

Ethereum is perhaps the most popular blockchain used for minting NFTs, mainly due to its accessibility and acceptance among crypto enthusiasts. However, Ethereum also charges high gas fees.

On Crypto.com, you will find support for NFTs that are minted and hosted on three different blockchains – Ethereum, Polygon, and Crypto.org Chain. On top of this, the Crypto.com DeFi Wallet lets you deposit and view NFTs built on the Cronos Chain.

Crypto.com NFT Marketplace – Features

Now that you have a basic understanding of what Crypto.com NFT Marketplace can offer you, let us take a closer look at its top features.

Buy and Sell NFTs

As with other marketplaces, Crypto.com lets you buy and sell NFTs. This platform features NFTs available for primary (NFT drops) and secondary sales (reselling by other users). You will be able to explore the marketplace and analyze the various attributes of all supported NFTs to decide which ones you want to invest in.

Crypto.com

When it comes to buying NFTs, Crypto.com supports three payment types:

  • A credit/debit card
  • From your account balance in fiat or cryptocurrency
  • Using Crypto.com Pay, via the Crypto.com app or utilizing another private digital wallet such as MetaMask/ WalletConnect

In fact, the Crypto.com NFT Marketplace is one of the few platforms that let you buy NFTs using fiat currency.

Similarly, you can also be a seller on this marketplace and list an NFT you own for a fixed price. It is also possible to sell your NFTs via an auction listing.

Mint NFTs

Crypto.com also allows you to mint your own artworks into NFTs. Creators can send in an application, and once approved, can start minting right away. You will also be able to list your NFTs in the primary marketplace on the Crypto.com platform.

Moreover, Crypto.com lets creators receive a royalty of up to 10% for their NFTs. Meaning, each time an NFT you created is resold, you will receive the royalty commission. However, you will obtain this fee only for transactions occurring on the Crypto.com NFT Marketplace and not on any other platforms.

Crypto.com DeFi Wallet

The Crypto.com DeFi Wallet was originally designed to facilitate cryptocurrency transactions. The wallet is non-custodial and gives you 100% control over your digital tokens and private keys. This wallet can also be used to send, receive, and store your NFTs.

Since this is a decentralized wallet, you will have full control over your funds. Not only that, but you will also be the only one responsible for the safety of your NFTs. When setting up the wallet, you will be given a recovery phase that you can use to restore your funds in case you forget your password.

Crypto.com DeFi wallet

This wallet currently supports NFTs on the Crypto.org Chain, Ethereum, and those built on Cronos Beta. In addition to this, the NFT section of the Crypto.com DeFi wallet has a few unique features that might be of interest to you – which we cover below.

View and Share NFTs

Within the Crypto.com DeFi wallet, you will see all your NFTs organized as per the project or collection they belong to. On top of this, Crypto.com has also added a spotlight feature, which lets you choose up to 30 of your favorite NFTs. These will be showcased as a slideshow in the NFT section of the wallet.

There is also an option to share your NFTs on social media. For this, Crypto.com automatically generates templates of your NFT that can be shared, and lets you choose the backdrop you want. If you own any PFP NFTs, you can also set them as your wallet avatar to personalize your profile.

Find Attributes of NFTs

Within your Crypto.com DeFi wallet, you will be able to see details about the specific characteristics of each NFT. This includes the token ID, as well as its rarity and other core traits.

If an NFT is part of a series, Crypto.com also displays the collection name, icon, description, total supply, blockchain type, and more. You will also be able to view the number of holders and transaction history.

Send and Receive NFTs

The Crypto.com DeFi wallet also lets you send and receive NFTs. This process works more or less the same as how you would transfer cryptocurrencies from one wallet to another.

That is, you can use the wallet’s address to carry out transactions. However, bear in mind that you can send and receive only one NFT at a time.

Crypto.com Defi wallet

Moreover, when you send or receive an NFT, you are transferring its ownership. So make sure to choose a wallet that is compatible with the specific blockchain network.

As noted earlier, Crypto.com DeFi Wallet supports various network specifications – including the Crypto.org Chain NFT, Cronos Beta Chain NFT, and ERC721, or ERC1155 token standard.

Crypto.com NFT Marketplace – Types of NFTs Offered

Crypto.com offers a wide range of NFTs in its marketplace. Below you will find a list of NFT categories available on this platform.

Art NFTs

You will find that Crypto.com features some of the most exclusive artworks in the form of non-fungible tokens. For instance, the platform dropped two NFT collections created by the popular artist Bosslogic, which were sold out within 24 hours.

There are many other NFT art available on the marketplace being sold by upcoming creators and traders.

Gaming NFTs

Crypto.com also gives you access to in-game NFTs that come in a variety of forms. These are tradable items that are available in NFT games and can be fully owned and traded by players.

You can buy and sell NFTs from popular games such as Own Every Word.

Furthermore, Crypto.com’s NFT collection is called CryptoCards and they are a must-have for any crypto enthusiasts’ NFT calendar, offering unique benefits to make them stand out from other collectibles.

Celebrities NFTs

Crypto.com’s celebrity NFTs include those sold by Snoop Dogg, Boy George, and Lionel Richie. This collection also features NFTs in categories such as music, sport, and art.

The price of celebrity NFTs can vary dramatically – from as little as $50 to over $1 million.

Sports NFTs

Sports NFTs are collectibles that come in a number of formats, including photographs and artworks of players, and memorable moments from games.

On Crypto.com, you will be able to buy NFTs created by famous brands including Philadelphia 76ers, Aston Martin, and UFC.

Music NFTs

There are also music NFTs available on Crypto.com, which are tokens related to artists. Some NFTs you find under this section are in audio format. Some are also available in the form of digital artwork, album covers, and videos.

And notably, some NFTs are priced as high as $999 million dollars, while others can be purchased for as little as $5.

Note: You will also find the ‘Crypto’ NFT section which includes a range of visual art and collectibles that do not fit into one of the above-listed categories of digital tokens. You can also find NFTs that have cross-chain functionality. These are NFTs that are compatible with more than one blockchain.

Crypto.com NFT App

The primary Crypto.com app also gives you access to NFTs. In fact, Crypto.com offers one of the best NFT apps available in the market today. The app makes it easy for you to begin curating your NFT collection, by exploring the works of top artists and brands. Crypto.com NFT app

You will also benefit from a seamless experience that facilitates minting, trading, and collecting NFTs from your phone on the go.

Apart from NFTs, the Crypto.com app also lets you buy and sell over 250 cryptocurrencies. You will also be able to swap digital assets and set up price alerts for the coins you are interested in purchasing. If you want to invest in NFTs, you will be able to do so instantly with a credit/debit card.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Crypto.com NFT Marketplace – Fees

As with other online marketplaces, Crypto.com charges fees for the different types of services it provides.

Here is a summary of the different fees that you will come across on the Crypto.com NFT Marketplace.

Trading Fees

The Crypto.com NFT Marketplace does not charge any fees to buyers. However, if you are using the secondary marketplace to sell NFTs, you will have to pay a 1.99% fee.

On top of this, you might also be liable to pay a royalty fee to the creators depending on the NFT you sell.

Withdrawal Fees

When withdrawing NFTs from the Crypto.com DeFi wallet, you will also have to pay a fee.

This will be used to cover the gas charge to execute the transaction and will be quoted in US dollars based on the respective network. That said. if you are withdrawing NFTs to the Crypto.com Chain, there are no charges.

Minting Fees

Crypto.com does not charge you a fee for minting NFTs. However, for primary listings, you will be liable to pay a 15% fee when your NFTs are sold for the first time. At the time of writing, this fee is reduced to 1.99% as part of a temporary promotional offer.

Crypto.com NFT Marketplace Security

According to Crypto.com, all digital assets are secured in cold wallets in partnership with Ledger. However, it isn’t clear whether this protocol is applicable to NFTs. However, in order to protect your Crypto.com NFT account, you can set up two-factor authentication as an additional layer of security.

Crypto.com security

You will be required to provide this 2FA code when performing actions such as buying and withdrawing NFTs. It is also possible for users to add an anti-phishing code to emails that are sent from Crypto.com.

Crypto.com NFT Marketplace Customer Service

In order to offer top-notch customer service to its users, Crypto.com has set up a Help Centre for its NFT marketplace. This includes articles and guides on how to use the different features and tools of the platform.

If you want to contact a customer representative, there is a 24/7 live chat feature. According to the platform, you can expect a response within 20 minutes from an agent. However, we found that the response time is usually much faster.

How to Get Started With Crypto.com NFT Marketplace

Crypto.com lets you browse and purchase exclusive and curated NFTs via its marketplace.

If you are interested in buying or selling NFTs today, you can use our step-by-step walkthrough to complete the process.

Step 1: Create a Crypto.com Account

To get the ball rolling, you can visit the ‘Crypto.com’ website and click on the ‘NFT’ tab. Here, you will find the ‘Sign Up’ button on the top right corner of the homepage.

Crypto.com how to buy

Remember that at the moment, you will need to create a separate profile for the NFT marketplace, regardless of whether you have a Crypto.com account or not. To complete the registration process, you can enter the required information – including your full name, email address, username, and password.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Step 2: Complete Identity Verification

Next, you will have to verify your account to gain full access to the Crypto.com NFT Marketplace’s features. There are two ways to do this, which are as follows.

For Crypto.com Account Holders

If you are already a Crypto.com user, then you can connect the Crypto.com App with your newly created NFT account. You simply have to find the ‘Connect to App’ option from the settings and enter the email address associated with your Crypto.com account.

The platform will send a confirmation email with a verification link. You can click on it and enter the passcode associated with your Crypto.com App account to complete the verification.

For Those New to Crypto.com

If you do not have a Crypto.com account, you will have to add your mobile number to your profile via the NFT marketplace. You can do this by going to the ‘Edit Profile’ section from your account settings.

Once you have saved your phone number, the platform will send an 8-digit verification code to your phone. At the same time, a verification box will appear. You will have to enter the code sent to your phone to complete the process.

Remember that phone verification does not offer full access to the Crypto.com NFT Marketplace. In other words, you will have to eventually connect to Crypto.com App to make the most of the platform.

Step 3: Explore NFTs on Crypto.com

By now, you know that Crypto.com lists a significant number of NFTs – many of which are rare and exclusive. You can explore the Crypto.com NFT Marketplace to find digital tokens that interest you as an investor or a collector.

Crypto.com

To know more about a particular NFT, you can simply click on the collection that interests you. Crypto.com will then display a brief description of the NFT, along with details such as its blockchain, transaction history, properties, and offers from other users.

Step 4: Buy NFT on Crypto.com

When you are ready to make a purchase, you can click on the ‘Buy’ button. You can also make an offer to the seller directly by proposing an amount you would like to pay for the collectible. As we noted earlier, there are different methods for you to fund your NFT purchases on Crypto.com.

You can use your debit/credit card, your Crypto.com account balance, or pay via Crypto.com Pay (with a digital wallet).

Crypto.com

For those who prefer using an external wallet like MetaMask or WalletConnect, you can first buy cryptocurrencies from a regulated online broker such as eToro. This platform is extremely beginner-friendly and lets you purchase digital assets with low fees.

Moreover, you will also be able to pay for cryptocurrency investments using a debit/credit card, bank transfer, or an e-wallet like PayPal. You can find a detailed explanation of how to buy cryptocurrency via eToro here.

Once the purchase of your chosen NFT is completed, the digital token will be added to the ‘Collectibles’ section of your profile on the Crypto.com NFT Marketplace.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Crypto.com NFT Marketplace Review – Conclusion

Crypto.com stands out as an NFT marketplace by offering an extremely intuitive interface that is easy to navigate. Moreover, it also lets you purchase NFTs directly using a debit and credit card, without any buyer fees.

We also like that you get free access to the Crypto.com DeFi wallet, which makes it easy for you to view, trade, and share your NFTs with others. With the Crypto.com app, you can buy and sell NFTs from wherever you are located.

All in all, if you like what you read in our Crypto.com NFT Marketplace review – it takes just minutes to get set up with an account.

at Crypto.com, the #1 NFT Marketplace for 2022

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.