Yes and no. Crypto.com is a secure method to buy crypto and actively trade it, but an external hardware wallet is a more secure storage option if you plan to store large amounts of crypto for a long period of time. What Is Crypto.com? A digital euro would be stored in an electronic wallet set up with your bank or with a public intermediary. This would allow you to make all your usual electronic payments – in your local store, online, to a friend – with your phone or card, online and offline.
The short answer is that Crypto.com is one of the safer crypto exchanges around. It keeps 100 percent of customer funds in cold wallets, away from the prying hands of hackers. It also holds withdrawals to new addresses for 24 hours, allows for multifactor authentication, and provides 24/7 customer support in case you need to report unauthorized activity on your account. Why have I been blocked? This is a relatively high limit that should provide meaningful protection to many, if not the vast majority of, retail crypto investors. For reference, according to Voyager’s bankruptcy papers, 97% of their customers held less than $10,000 on the platform. As to Celsius, 84% of its users held $100 or less in their accounts as of July 2022.