Crypto.com Predictions App Review: How Does the Crypto.com App Stack Up Against Competition?
We also noted that the app doesn’t provide bonuses for prediction trading. Instead, the available offers worked for other sections in the app. To start trading event contracts, download the Crypto.com mobile app, go to “Predict,” and fund your account. In this article, we’ll share how to start trading on your favorite topics and tips to maximize your experience.
Facts
| Deposit time | instant |
|---|---|
| Support Types |
- Quick Facts About the Crypto.com App
- Pros and Cons of The Crypto.com App
- How the Crypto.com Mobile App Works
- Prediction Markets on The Crypto.com Mobile App
- How to Sign up On the Crypto.com Mobile App
- Read More About Crypto.com
- Conclusion – Crypto.com Mobile App Lets You Trade Contracts on Multiple Events
- Crypto.com App FAQ
Quick Facts About the Crypto.com App
- Crypto.com mobile app features a prediction market for trading event contracts on sports and non-sports topics.
- Each proposition has a Yes or No event contract, and if your prediction is successful, you receive $1, $10, or $100 per correct event contract.
- You can download the mobile app on the Google Play Store or the Apple App Store.
- Crypto.com charges a fee when trading event contracts under specific conditions.
Pros and Cons of The Crypto.com App
Trading event contracts on the Crypto.com mobile app was easy since the app is well-built. We found contracts on sports, politics, cryptocurrency, economics, culture, and climate. Despite having a trouble-free experience, we noticed a limitation that you might care about.
Here are the pros and cons of the Crypto.com mobile app:
- Android and iOS devices are supported
- Sports and non-sport event contracts available
- Intuitive mobile app
- Trading fees apply
How the Crypto.com Mobile App Works
Once we downloaded the Crypto.com app from the Google Play Store, we moved to the “Predict” section to see the available event contracts we could trade. The app is also available for iOS mobile devices and can be accessed in several languages, including English. Crypto.com offers contracts on sports and non-sports events.
The Non-Sport Section Includes Cryptocurrency, Politics, Economics, Culture, and Climate
These events have Yes-or-No contracts. If your prediction aligns with the outcome, you get paid $1, $10, or $100 per contract, depending on the stated settlement amount. Note that only sports event contracts may settle at $100 per contract.
However, if your prediction is Incorrect, your contract becomes zero, and no Crypto.com fees are charged.
Your contract incurs some fees when you open a position, close a position, or your prediction is correct. The prices of each event contract fluctuate based on how traders collectively expect an event to happen. These prices are also used to extrapolate the implied probability of an event occurring.
This isn’t tied to the real chance of an event happening, it just measures what the market believes that chance to be.
During our Crypto.com prediction markets review, we also found that the app doesn’t offer any bonuses for prediction trading, just like other prediction markets. So don’t expect to use your Crypto.com referral code on the prediction side. The available bonuses only function for the exchange.
Here’s an overview of the Crypto.com mobile app:
| Crypto.com app availability | Google Play Store and Apple App Store |
|---|---|
| Regulation for prediction trading | Commodity Futures Trading Commission |
| Markets | Sports, economics, politics, climate, cryptocurrency, and culture |
| Bonuses | Unavailable |
Prediction Markets on The Crypto.com Mobile App
You already know the available prediction markets on Crypto.com. Now let’s consider the categories in these markets:
How to Sign up On the Crypto.com Mobile App
You don’t have to go through any trouble to register an account on Crypto.com. Here’s how to do it:
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Click the banners on this page to visit Crypto.com.
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Download the mobile app.
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Click the “Sign Up” button.
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Select your account type.
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Enter your email address.
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Create your account with your email or Google.
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Enter and verify your phone number.
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Go to “Predict” to start prediction trading.
You’ll also have to verify your account to begin trading event contracts on the Crypto.com mobile app. The app requests a government-issued ID, such as a passport or driver’s license, for verification. After completing the process, go ahead and fund your account with cryptocurrency or fiat payment methods, such as Bitcoin, Debit card, or Apple Pay.
That said, you can’t trade predictions on Crypto.com if you’re located in either Arizona or New York.
Read More About Crypto.com
Conclusion – Crypto.com Mobile App Lets You Trade Contracts on Multiple Events
Downloading the Crypto.com mobile app lets you trade predictions on real-world events, such as sports, climate, politics, culture, economics, and cryptocurrency. In sports, we found markets for soccer, football, basketball, tennis, and more. Climate features a single market during our assessment. The focus of politics is mainly on the US elections. And there are many more event contract categories available.
Overall, this is one of the best prediction market platforms in the US. And Crypto.com stands out for the potential size of its event contracts. While most other platforms only allow $1 event contracts, Crypto.com also offers contracts that settle for $10 or – for sports predictions – $100. Which gives traders additional flexibility.
The Crypto.com mobile app is available on the Google Play Store and Apple App Store. You can click the banners on this page to visit Crypto.com and download the mobile app today.
Crypto.com App FAQ
- 📱 Where can I download the Crypto.com mobile app for prediction trading?
You can download the Crypto.com mobile app to trade event contracts on the Google Play Store and the Apple App Store.
- 📊 What event contracts are available on the Crypto.com mobile app?
The Crypto.com mobile app features event contracts on politics, sports, economics, cryptocurrency, climate, and culture.
- ✅ Is the Crypto.com mobile app regulated for prediction trading?
Yes. The Commodity Futures Trading Commission regulates Crypto.com Predict. Therefore, you can trade event contracts on the app.
- 💰 Can I claim a bonus for prediction trading on Crypto.com?
No. Crypto.com doesn’t provide any bonuses for trading event contracts.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.