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Crypto.com Onchain is a user-custodied wallet where you are the custodian. This means you get full access and control of your crypto private keys. Unlike a centralized custodian on the Crypto.com App, you have complete control of your crypto when they are stored in the Crypto.com Wallet. You do not need a Crypto.com account to store, send and receive crypto in Crypto.com Onchain.

On the other hand, the Crypto.com App 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.

Learn more about the differences here.

Crypto.com Onchain is the rebranded version of DeFi Wallet that gives you even more ways to discover opportunities in Web3. Learn more about the changes here.

If you have an existing wallet created on other applications, you can easily import it by entering or copying your 12/18/24-word recovery phrase to Crypto.com Onchain. Alternatively, you can scan the QR code of the recovery phrase for your other wallets to import them even more quickly.

A recovery phrase is a key to accessing your wallet and funds. It usually consists of 12/18/24 randomly generated words that are created when you first set up a wallet.

Follow the step-by-step guide here.