Overview
Crypto.com Onchain is the self-custody wallet from Crypto.com. It was previously called the Crypto.com DeFi Wallet and is a separate app from the main Crypto.com exchange app, where Crypto.com holds your coins. In Onchain, you hold the keys with a 12-, 18- or 24-word recovery phrase.
Features
- Supports 30+ chains, including Bitcoin, Ethereum, Cronos, Solana, Cosmos and Polygon.
- Native support for the Cronos ecosystem and its apps.
- Swaps, staking and earning features.
- Browser extension and WalletConnect support.
- Quick transfers to and from your Crypto.com exchange account.
Security
The wallet has no record of a major hack. Crypto.com’s exchange had a $34 million unauthorized withdrawal incident in January 2022 (reimbursed), but that concerned the custodial exchange, not this wallet.
Pros and cons
Pros
- Easy link with the Crypto.com exchange.
- Good Cronos support.
- Clear separation from custodial accounts.
Cons
- Fewer chains than big multichain wallets.
- Not open source.
- The name change can cause confusion.
Who it’s for
Crypto.com customers who want their own keys and access to Cronos apps.
Verdict
Crypto.com Onchain is a solid companion wallet for Crypto.com users. Outside that ecosystem, other wallets offer more.