Crypto.com DeFi Wallet is a user-controlled wallet. This means you have a full ticket to manage your private crypto keys. You have complete holding and unrestricted access to your cryptocurrencies when saved in the Crypto.com Wallet.
You do not need a Crypto.com account to save, dispatch and receive cryptocurrencies in the Crypto.com Wallet because you are a decentralized custodian on the Crypto.com App.
Because of the decentralized character of the Crypto.com Defi wallet, every transaction is processed on-chain and needs network fees to boost the transaction statement on the affiliated coin’s Blockchain network. These network fees will probably be based on the Blockchain network traffic, and Crypto.com is network charge-free.
Contrary to Defi wallet, Crypto.com App functions as a custodian and saves your cryptocurrencies for you. Over the Crypto.com App, you can find instructions for your cryptocurrencies to handle you, but you do not control the secret keys.
What are the benefits of this control? It helps you manage and exchange your crypto to fiat currencies easily, not worried about losing secret keys.
With the Crypto.com DeFi Wallet, users can deliver crypto to anyone in different parts of the world at their chosen confirmation speed and the network charge.
Are you aware that you can earn on the Crypto.com DeFi wallet?
Steps to earn on the Crypto.com DeFi wallet:
Step 1: Click [Earn] on the bottom page of your DeFi Wallet app.
Step 2: Touch the [Start Earning] button to view a wide range of available tokens to earn.
Step 3: Choose your best token and type in your stake to see the expected yearly earning according to the current APY percentage.
How to Transfer Crypto from Crypto.com DeFi Wallet to Crypto.com App?
Crypto.com DeFi Wallet is the most excellent and secure crypto wallet to save, earn and accumulate crypto assets up to about 200 different currencies.
Steps to Transfer Crypto from Crypto.com DeFi Wallet to Crypto.com App:
Step 1: Selecting the desired coin in your Crypto.com DeFi Wallet to send
Step 2: Clicking on “Crypto.com App” on the send address page
Be informed that You will not be allowed to transfer coins that are not funded on your Crypto.com App account; thus, the send button will be disabled for not supported tokens.
Step 3: Finally, the Crypto.com App address for the matching token will be automatically generated, and If there’s a message instruction for the matching token, it will also be generated.
Also Read: Is Crypto.com FDIC & SIPC Insured?
How to transfer Crypto from the Crypto.com App to the Crypto.com DeFi Wallet?
Steps to transfer crypto from Crypto.com App to Crypto.com DeFi Wallet:
Step 1(a): Turn to Settings, select “Crypto.com Wallet.” then click “Send Funds” on the page shown.
Step 1(b): Go to “Transfer,” click “Withdraw Crypto,” and then Tap the “Crypto.com DeFi Wallet” button.
Step 2: Withdrawal
Be reminded that withdrawal charges will apply. In the “Settings” of the Crypto.com App- Fees and Limits, the respective fee for each crypto asset is shown.
Step 3: For Section, you can Withdraw Crypto without external address while in Category – Your Crypto withdrawal is to an External Address)
How to Connect Crypto.com to Defi Wallet?
Connecting your Crypto.com DeFi Wallet with your Crypto.com App account allows you to make crypto purchases directly in the DeFi Wallet; this way, you enjoy various crypto-financial benefits given by Crypto.com.
You can start this connection by following the outlined steps:
Step 1(a): Going to the Home Page and selecting the Explore Card.
Step 1(b): Going to your Settings and Connect directly with the App
Step 2: Click to accept the contradiction from the app and then hit the “Continue” button to proceed.
Step 3: Type in your account email address
Step 4: Search for the email authorizing your connection in your inbox.
Step 5: Click on the Email that authorizes your connection.
Step 6: Type in your unique 6-digit passcode known to you alone.
Step 7: Now, Authorize the connection to Crypto.com DeFi Wallet
Step 8: A “Completion message with the success status” will be displayed on your screen, then a related email will be sent.
A lot of Crypto.com users continue to ask this question “Can I connect multiple wallets to my Crypto.com App?”
The answer is No! You only get to connect one wallet to your Crypto.com App account at once; It is not supported by the app to connect other DeFi Wallet to one Crypto.com App account.
If you imported the same wallet by using the recovery phrase on more than one device, you would be allowed to connect the other Crypto.com Wallet (on the other device) to your Crypto.com App account, but this will separate the Crypto.com App from your first Crypto.com Wallet.
Let me answer another question that you might want to ask. “Can I connect a different wallet when I have multiple DeFi Wallet to the Crypto.com App?
For an Example
Imagine you have already connected a wallet, e.g., Wallet A, to the Crypto.com App and connect a different wallet, e.g., Wallet B, to the Crypto.com App too; all you have to do is disconnect Wallet A from Crypto.com App before prompting the connection for Wallet B.
Also Read: Is Crypto.com Safe & Legit?
How to Disconnect Crypto.com to Defi Wallet?
Steps to Disconnect Crypto.com to Defi Wallet:
Step 1: Go to your “Settings“
Step 2: Click on “Crypto.com App” below the “Connect to Crypto.com App” area.
Step 3: You will be directed to the next page, where you can see the “Disconnect” button; tap on it to confirm disconnection.
Step 4: When you are done doing this, the page redirects you back to the Settings menu you started with.
Upon disconnecting a wallet, you can begin another connection to the Crypto.com App. You can choose which of the wallets to connect to the Crypto.com App.
Also Read: How to Set Up Fiat Wallet on Crypto.com?