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Investing in Crypto.com (CRO) – A Comprehensive Guide

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What is Crypto.com (CRO)?

Crypto.com is a crypto bank and they build a comprehensive blockchain ecosystem that encompasses a variety of products with unique value. These features include a metal crypto Visa card, an integrated app platform, a crypto exchange, a non-custodial wallet with DeFi features, lending services, and crypto deposit earning. In this way, Crypto.com provides users with everything they need to successfully participate in the decentralized economy.

Crypto.com seeks to expand cryptocurrency adoption to new heights. Currently, new investors can find that entering the crypto space is a confusing process that requires them to interact with multiple platforms and new technologies. All of these actions can be frustrating to new users who are unfamiliar with the blockchain sector.

Additionally, there are billions of people around the globe with no access to basic financial tools such as checking accounts. Crypto.com provides these individuals with a more efficient and accessible alternative to the status quo. Discussing the platforms overall goals, Kris Marszalek, the Co-Founder, and CEO of Crypto.com stated:

“We believe it’s your basic human right to control your money, data, and identity,” said Kris Marszalek,

Kris Marszalek CEO of Crypto.com

History of Crypto.com (CRO)

Founded in 2016, Crypto.com is one of the pioneering payments and cryptocurrency platforms with the mission to accelerate the world’s transition to cryptocurrency. Previously known as Monaco, it was one of the first platforms to attempt to build a global blockchain financial institution. The platform was an immediate success.

Notably, the company spent an undisclosed amount on this premium domain. With its well-developed ecosystem, there are now 3 million users using this platform worldwide.

Crypto.com Metal Visa Card

Crypto.com Metal Visa Card

Crypto.com Exchange

In 2019, Crypto.com launched its exchange and added some new functionality to its ecosystem. It is currently the first crypto platform having multiple industrial highest standards on security including ISO/IEC 27001:2013, ISO/IEC 27701:2019, PCI:DSS 3.2.1, Level 1 compliance and CCSS.  This next-generation platform provides investors with a streamlined approach to the market. Users enjoy increased liquidity, lower fees, and access to a democratized quant trading system.

Benefits of CRO Tokens

CRO Tokens are the utility token for the Crypto.com ecosystem. The Crypto.com Chain was created to build a network of cryptocurrency projects and develop merchants’ ability to accept crypto as a form of payment. The Crypto.com Chain is a high performing native blockchain solution, which will make the transaction flows between crypto users and merchants accepting crypto seamless, cost-efficient and secure.

This is the token used to access services on the platform, receive bonuses, pay fees, and institute trades. Keenly, these ERC-20 compatible tokens offer unmatched interoperability in the sector. For example, you can store your CRO tokens in any ERC20-compatible wallet. This option is on top of the ability to utilize the dedicated multi-currency wallet offered by Crypto.com.

Earn 20% p.a. by staking CRO on exchange

The staking benefits that allow users to earn 20% per annum (paid daily) is available to users that stake a minimum of 5,000 CRO for at least 6 months.  For example, if you staked 5,000 CRO for 180 days you would receive roughly 2.7397 CRO every day as interest.

Staking CRO will bring you more benefits except 20% p.a. included:

  • Trading fees discount up to 100%
  • Access to The Syndicate (explain in below)
  • Pay reward from using Crypto.com Pay via mobile app
  • New user sign-up bonus

Earn by trading CRO: Stake-To-Take

Retail traders who stake at least 5,000 CRO in crypto.com exchange can earn up to 0.10% on taker fees when they trade on the Exchange. Additional trading discounts in the form of rebates increases with CRO amount staked, and fees must be paid in CRO to be eligible.

How to Get CRO Tokens

Getting CRO tokens is easy. The first step is to download Crypto.com app either on iOS or Android, if you download through by clicking here you will get USD$50 as the sign up bonus. The registration process only takes 5 minutes to complete. You will need to provide your identity and address if you intend to utilize the debit card feature of this platform. One your registration is complete, you can buy CRO, Bitcoin, Ethereum and any other cryptocurrencies by credit card, debit card, bank transfer in a handy way you can trade BTC or ETH for CRO directly on the platform.

Crypto.com Platform Benefits

Crypto.com introduces a host of benefits to the sector through its unique protocol. For one, the platform provides users with a deep liquidity pool. You can always find trading action on this platform. Additionally, Crypto.com has a very low fee structure and the most competitive execution prices in the market at this time. Here are some other crucial features:

Versatile App

The Crypto.com App has one of the most advanced and easy-to-use interfaces in the market. Users can effortlessly monitor, track, and purchase cryptocurrencies directly from their smart devices. Best of all, there is a huge selection of coins. Currently, the Crypto.com app allows users to buy and sell 55+ cryptocurrencies with a credit card, debit card, fiat, or crypto at true cost, right users can enjoy the buy crypto with 0% credit card promotion until the end of September 2020.

The App provides users with access to all the most important functions of the ecosystem. For example, you can Top-up your Crypto.com card with a bank transfer, debit or credit card, or crypto directly. This powerful financial instrument provides you with free ATM withdrawals and no annual fees and minimum balance requirements for accounts.

Crypto.com Earn

Crypto.com Earn works like the time deposit you can find in a bank, but instead you can earn up to 8% p.a. (paid in weekly) on your cryptos. Deposit stablecoins can earn an even higher interest rate with up to12% p.a. The highest interest rate is their native token CRO which you can earn up to 18% p.a. There are 3 terms you can choose: flexible, 1 month and 3 months and it supports 31 tokens. Not all jurisdictions are supported, please check the details on Crypto.com Earn page.

Crypto.com Credit

Crypto.com Credit is the credit lending service provided by Crypto.com and it gives users the chance to monetize their crypto assets without selling them. It supports BTC, CRO, XRP, ETH, LTC, EOS, XLM as the collateral and provide up to 50% LTV while the annual interest rate (APR) for borrowing would be 8% if staking CRO.

Crypto.com Pay

Users can earn Pay reward (CRO cashbacks) by purchasing gift cards (up to 20%) or mobile airtime (up to 5%) via the Crypto.com App using CRO as the payment method. They will also earn the Pay reward by sending CRO to friends via the Crypto.com App with up 10% (monthly maximum $5 USD per user). Pay rewards can be earned when users make an online transaction through online shops which support Pay Checkout as one of their payment methods. Just simply scan the pay QR code with the app and the cashback will go to the wallet instantly.

MCO Visa Cards

Another popular feature of Crypto.com is its metal debit card. This Metal Visa Card allows users to spend their crypto in real-time anywhere that accepts Visa. The way the system works, your cryptocurrency converts directly to fiat currency whenever you swipe your debit card.  These funds from your sold crypto instantly load onto the card. In this way, you can withdraw or spend your crypto easier than ever.

Card Benefits & Rebates

In true DeFi fashion, the Crypto.com debit card introduces some new customer control features that are sure to be a hit. Users have the ability to make withdrawals, freeze and unfreeze their card, and convert cryptocurrencies into their fiat equivalents in seconds. No more waiting for your deposit to clear after you sold some of our holdings. Now you can access these funds instantly.

The MCO Visa Card offers various benefits such as 100% rebate on Spotify, Netflix and Amazon Prime, airport lounge access for select cards, no-fee ATM withdrawals, tap-and-pay functionality, and competitive interbank rates. The MCO Visa Card is competitive across the board, not just in the crypto sector. Users enjoy no annual fees and favorable interbank fees. Specifically, international card users save on average around 5-8% on international purchases.reservations.

Your Keys

To ensure that you are the only one who ever has access to your holdings, Crypto.com’s wallet keeps your private keys safely stored on your device. In the blockchain sector a common saying is “If you don’t own your keys, you don’t own your crypto.” With Crypto.com users own their crypto.

How to Use Crypto.com (CRO)

Using Crypto.com is easy and takes no technical know how what so ever. The first step is to head over to the platform’s Registration page. Once you complete all the requirements, you will receive an email confirmation. If you intend on utilizing the metal debit card, you will need to provide a valid shipping address.

Once your card arrives in the mail, you are ready to activate it and load it. This process only takes five minutes and is done within the platform’s interface. Once your card shows a balance, you can spend your crypto anywhere Visa is accepted.

Crypto.com (CRO) – Pioneering DeFi

Crypto.com is well on its way to fulfill its vision of every wallet one-day holding cryptocurrency. For now, this all-inclusive platform is exactly what the market needs to attract new users in record numbers. Consequently, Crypto.com is one of the fastest-growing full-spectrum blockchain platforms in the world.

Click Here to Visit Crypto.com – Referral ID: SECURITIESIO to claim $50 CRO bonus.

 

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

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