Crypto.com Exchange and Wallet Desktop App Explainer

Published: 17th December, 2023 | Last Updated: 9th December, 2023

Markos Koemtzopoulos

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

Crypto.com does not have a desktop app for its main product which is an exchange. However it does have a desktop app for its DeFi Wallet. Many people find this confusing. I elaborate further below.

does crypto.com have a desktop app

What is Crypto.com?

Crypto.com is a cryptocurrency platform offering a range of services related to digital assets and blockchain technology. 

Does Crypto.com exchange have a desktop app?

Crypto.com’s main product is a cryptocurrency exchange which is available as a mobile app on the Google Play Store and Apple’s App Store. Like all other crypto exchanges, Crypto.com’s exchange does not have a desktop app and the team has stated on their official website that they don’t plan on developing one.

However you can still access the exchange on desktop by visiting crypto.com/exchange

crypto.com desktop web interface
crypto.com desktop web interface. You will need to sign up for a crypto.com account in the top right

Is there a desktop app for the wallet?

Yes crypto.com has a wallet that’s confusginly called the crypto.com wallet or crypto.com DeFi wallet. The wallet does have a desktop app and is available to download here

crypto.com wallet desktop app
The Crypto.com DeFi desktop wallet

This wallet is a separate product from the exchange. You don’t need to be registered with Crypto.com to use the wallet. More importantly, you don’t need to share any personal data when setting up your wallet. Not even an email. 

What is the difference between Crypto.com and the Crypto.com Wallet?

Crypto.com, the company is behind both the wallet and the exchange and both benefit from the same branding. The easiest way to distinguish the two is to think of the wallet as an easy way to store your crypto whereas the exchange is for trading.

Crypto.com isn’t the only one to offer a wallet with the same branding. Coinbase also has a Coinbase Wallet which is separate from the exchange and developed for people who want to participate in Decentralized Finance (DeFi). See What Is the Difference Between Coinbase and Coinbase Wallet? for more.

The exchange

  • The crypto.com exchange is a digital currency brokerage that allows you to trade multiple cryptocurrencies across a wide range of trading pairs.
  • It manages the order book and facilitates crypto trading activities on a centralized platform.
  • You can deposit fiat currency via a bank transfer or directly via credit card or debit card and start trading crypto.
  • You can set market orders, limit orders, and stop orders to customize your cryptocurrency trading experience.
  • The exchange offers users detailed charts to help them decide on their trading strategy. 
  • The most important difference is that you don’t own your crypto investments. Crypto.com holds your crypto assets in custody on your behalf but if they were to go bankrupt you would have to wave goodbye to your digital assets. 

The wallet

The Crypto.com wallet on the other hand is a self-custodial wallet. This means you are in full control of your crypto as the private keys to your wallet are encrypted locally on your device. No matter what happens to the developers of the wallet you will still be able to recover your funds.

The wallet supports more than 1000 tokens across multiple blockchains including Cronos, Ethereum, Cosmos, and Polkadot amongst 26 others. You can also hook up your ledger device directly for those with larger amounts of crypto holdings

The wallet desktop app supports a 12/18/24-word recovery phrase. This is a mnemonic phrase that is issued to you when you first set up the wallet. You need to store it safely because anyone who has it can steal your funds.

Crypto.com wallet supported devices

The wallet is available as a 

  • Desktop app on Mac OSWindows, and Linux.  
  • Mobile phone app on Android and iOS for easier access to your funds when you are on the go
crypto.com defi wallet app
Crypto.com defi wallet app
  • Desktop browser extension
crypto.com wallet extension
The crypto.com wallet extension

The extension allows you to plug directly into DeFi.

What is DeFi? 

Decentralized Finance (DeFi) refers to a set of blockchain-based financial services and applications that operate without traditional intermediaries, providing users with open and permissionless access to a range of financial tools. It’s often used interchangeably with the term Web3. When you visit a defi website there will be a button in the top right that says Connect wallet. If you have installed a wallet extension and click on it you will be able to interact with the site using your wallet. Here are a few things you might be able to do:

  1. Stake your crypto to earn a return while helping to secure a proof of stake blockchains
  2. Lend your crypto to others in return for interest
  3. Join the liquidity pool of a decentralized exchange and earn fees. 
  4. Participate in gaming by buying virtual in-game items and NFTs
  5. Play in a crypto casino

Other products offered by Crypto.com

  • a crypto.com visa card which is a prepaid card that allows you to spend from the assets you hold on the crypto exchange wether that be fiat currencies or crypto assets
  • Crypto.com Pay is a payment solution offered by Crypto.com, providing users with a way to make cryptocurrency transactions for goods and services. It allows merchants to accept payments in cryptocurrency, and users can use their Crypto.com Wallet or linked payment cards to complete transactions. 
  • Crypto earn is an incentive program they have to lock up your crypto with them in return for a yield. You also earn CRO crypto which is their own cryptocurrency they have developed.
  • crypto.com app which is what you use to trade crypto

Why does crypto com not have a website?
If you are looking for the exchange visit Crypto.com/exchange from where you will be able to log in to the exchange. Crypto.com does not have a desktop app. It does however have a desktop app for its DeFi wallet. 

Is crypto com a hot wallet?

Crypto.com is a platform offering multiple products amongst which is a DeFi wallet and yes this is considered a hot wallet as it is connected to the internet unlike hardware wallets such as Ledger and Trezor devices. 

Is my money safe in crypto com?

If the Crypto.com exchange were to go bankrupt you would not own the assets and are unlikely to get them back. You are better off moving them to a custodial wallet. Crypto.com offers a DeFi custodial wallet on their main site. 

Does Crypto com have a browser app?

The Crypto.com wallet has a Chrome browser extension but the Crypto.com exchange doesn’t.

FAQs

Why does Crypto.com not have a website?

If you are looking for the exchange visit Crypto.com/exchange from where you will be able to log in to the exchange. Crypto.com does not have a desktop app. It does however have a desktop app for its DeFi wallet.

Is crypto com a hot wallet?

Crypto.com is a platform offering multiple products amongst which is a DeFi wallet and yes this is considered a hot wallet as it is connected to the internet, unlike hardware wallets such as Ledger and Trezor devices.

Is my money safe in crypto com?

If the crypto.com exchange were to go bankrupt you would not own the assets and are unlikely to get them back. You are better off moving them to a custodial wallet. Crypto.com offers a DeFi custodial wallet on their main site.

Does Crypto.com have a browser app?

The crypto.com wallet has a Chrome browser extension but the Crypto.com exchange doesn't.

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

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