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Founded in 2015, Plutus markets itself as a ‘next generation finance app’. To date, this has manifested in two main services – a debit card with crypto-based rewards, and a decentralized trading platform (DEX) which acts as a FIAT-Crypto onramp.
Powering each of these services are Ethereum based tokens known as Pluton or ‘PLU’. These tokens function in a variety of ways, and are used to reward users of the Plutus debit card with up to 4% back in PLU. Plutus describes PLU as ‘the world’s first decentralised loyalty token’.
For users of the Plutus debit card, various strategic partnerships have been established with companies like AirBnB, Lenovo, Amazon, Nike, and more. These partnerships provide additional benefits on top of the base 3% already awarded for users which opt to stake their PLU holdings.
The Plutus DEX is used primarily in two ways – to convert between FIAT and crypto, and to purchase crypto in peer-2-peer fashion with no intermediary. Plutus states that European members of its debit card program are exempt from fees on the DEX.
Plutus notes that its decisions are made with the goal of remaining not only compliant with regulations, but highly secure, user-friendly, and ‘customer-centric’.
To learn more, make sure to visit our Investing In Plutus (PLU) Guide
We list the top 3 exchanges that offer the ability to buy Plutus (PLU) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
From humble beginnings, Kraken now offers over 200 digital assets including Plutus (PLU). For more sophisticated investors Kraken also offers futures and margin trading.
Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens. Users can also earn up to 23% in rewards annually by staking select digital assets.
Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Plutus (PLU) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers Plutus (PLU) trading opportunities.
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