The Crypto.com App is a digital currency brokerage that acts as a custodian and stores your cryptocurrencies for you. Through the Crypto.com App, you are able to instruct us to handle your crypto on your behalf, but you do not control the private keys to your crypto.
What are the benefits?
You can easily manage and exchange your cryptocurrencies to fiat currencies without worrying about losing your private keys. Also you can enjoy quick access to our wide range of financial products to help trade, grow and spend your crypto.
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Crypto.com DeFi Wallet
On the other hand, the Crypto.com DeFi Wallet is a user-custodied wallet where you are the custodian. This means you get full access and control of your crypto private keys. You have complete ownership of your crypto when they are stored in the Crypto.com Wallet, unlike a centralized custodian on the Crypto.com App.
You do not need a Crypto.com account to store, send and receive crypto in the Crypto.com DeFi Wallet.