Crypto.com is a blockchain company that offers crypto wallets and trading platforms. The company has its own coin called CRO. The company founded in 2016. Crypto.com headquarter is in Hong Kong. The company aims to provide services for the cryptocurrency market, including payment processing and trading.
In the past, Crypto.com has been able to grow by acquiring other companies such as Bitfinex, which is one of the largest cryptocurrency exchanges in the world. It also acquired Blockfolio, a cryptocurrency portfolio management application.
The company’s business mission is to become the world’s leading digital wallet provider for cryptocurrencies and digital assets with an emphasis on security, privacy and usability. It enables crypto holders to buy, sell, or store crypto assets and makes it easy for anyone to get started with cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC).
What is Crypto.com?
Crypto.com is a digital asset company that provides a cryptocurrency wallet and a digital currency trading platform. They also offer prepaid Visa cards that you can use to pay at the supermarket or anywhere else. You will always get cashback for each payment you make with your card. You can get up to 8% cashback. But before you order a card or make an account, there are some things you need to know. We will show you in this article more about crypto.com.
Which apps belong to crypto.com
The Crypto.com app is a mobile application that can be used to buy, sell and store cryptocurrencies. The app also offers a Defi Wallet that can be used to manage your finances and invest in crypto. Crypto.com has three different apps: the Crypto.com Exchange App, the Defi Wallet and the Crypto.com App. The Exchange App is an app that allows users to buy, sell or store their cryptocurrencies on the go. The Defi Wallet is an app that helps users manage their finances and invest in crypto by providing them with a secure place to hold their cryptocurrencies. The Crypto.com app is an iOS and Android app that can be used to buy, sell, and store cryptocurrencies.
- crypto.com standard app = Earn Cryptocurrencies
- Defi Wallet App = Store and earn Cryptocurrencies
- Exchange App = Trade Cryptocurrencies
How it works
We will go over the basics of how cryptocurrencies work and how to use a cryptocurrency wallet.
Cryptocurrencies are digital currencies, which are created and stored electronically in a “digital wallet”. Cryptocurrencies use cryptography to secure their transactions, to control the creation of new units and to verify transfers of assets. Cryptocurrency wallets are software programs that store private keys and public addresses that can be used to receive or spend cryptocurrency units.
In the Crypto.com App you have different possibilities. You can buy cryptocurrencies, manage your Crypto.com card, or see more about the actual market of coins like Bitcoin, Ethereum, or other. There is also a function that alerts you when a coin reaches that price. The app is very easy to use.
When you buy and sell cryptocurrencies on the standard app, you have to know that you never buy and sell cryptos to the same rate. You always buy cryptos to a higher rate, because it’s a difference between the bid rate and the letter rate. There is also a small commission. That is difficult to see for beginners in the app.
How to register at crypto.com
The registration is also very easy. You only need to download the app from the Play Store / App Store. After that, you have to answer some questions about you and confirm your email address. When your account is created, you will see the crypto.com dashboard. At the bottom, you have the menu where you can reach your wallet or something else. For the other apps, the same procedure applies. After registration, you can connect your accounts.
The credit card can be found in the right bottom corner. When you want to order a ruby steel card or a higher one, you have to stake at least $400 as CROs. CRO is the cryptocurrency from crypro.com. The money is still yours, but you can’t use it for at least 180 days to trade cryptocurrencies. When you also need a physical credit card, you can get it on the same menu point. It is very easy, but will take some time, until it is at home.
Here are the types of cards you can get at crypto.com:
Possibilities to earn crypto at Crypto.com
There are many ways to earn crypto currencies on the Crypto.com App and the Defi Wallet App.
First we want to show more about the Supercharger. The Supercharger is a way to earn money by staking your coins for a few days. These programs come from Cryptocurrencies. When you stake your CROs for this currency, you will get a reward after staking time. You can unstake your coins every time. There are no fees for doing so.
Another way to earn crypto currencies is to complete missions. It is a small benefit program from crypto.com. You get diamonds when you complete these missions. The diamonds you can change into a price like a mystery box or an NFT. These missions are easy to complete by trading some cryptocurrencies or unlocking the mission every day. The disadvantage is that the prices are not very good. They are mostly in 1 Cro or something else.
You can also stake your CRO for a special time. You will get a fixed percentage for it. But you also have to know that the CRO can go up or down. You can stake your CRO flexible, for three months, or for six months. Get more percentage points the longer you stake the coins.
You can also stake coins and trade cryptocurrencies in the Defi Wallet app. There are also possibilities to use DApps like VVS Finance or something else.
Is there a referral program at this app?
Yes, you can refer your friends by using crypto.com. For each new user you get $25. Your friend or new user also get $25 at the wallet. In your Crypto.com standard app you can see how many you have earned by refer new users and friends.
Advantages
- Easy to use
- many ways to earn cryptos
- free Spotify, Netflix, and Amazon Prime account, depending on credit card type (you get the price as CRO when you pay with your crypto.com card)
- cashback every time you use the credit card
- fast, very friendly and helpful support
- many cryptocurrencies
- many new cryptocurrencies
- always usable on mobile or desktop devices
- referral programm
Disadvantages
- high fees by buying and trading cryptocurrency
- sometime the card doesnt work, when you want to buy online
- You can’t use the card for every purchase, but for the most
More about the fees, you can read in the app. Go to homepage – top left corner – Fees & Limits.
Can I also buy any other as cryptocurrencies at crypto.com?
Yes. Next to Coins and Tokens, you can also buy NFTs. That are a new form of digital collectibles that can be both owned and traded by their owners. They are typically issued on the blockchain which means they are immutable, transparent, and cryptographically secure. NFTs are a digital representation of a physical item or an in-game item. Some examples of NFTs include CryptoKitties, Rare Pepe, EOS Knights, and Decentraland.
What do customers say about the apps?
The app has a 4.6 rating on the Apple store and has been downloaded over 1 million times. It is ranked #1 in finance apps.
It seems that the majority of customers are happy with Crypto.com and find it easy to use and convenient to monitor their crypto investment portfolio on their phone. However, some customers have complained about the app crashing or having bugs.
Here are some app’s reviews from customers:
- “I love this app! I use it every day to check my balance and send money to anyone.”
- “I’ve been using the app for years and it’s so easy to use! I can’t imagine life without it.”
- “I like the new features and updates. It’s a great way to keep track of my finances.”
Conclusion
For beginners, the app is a very good choice. It is easy to work with and has many functions and possibilities. However, there is one big problem about the app. The app has high fees that are higher than the cashback you get. When you want to buy CRO with a credit card, you have to pay a 2,99% fee. That is high when you want to buy a higher amount of crypto. The first 30 days you don’t need to pay fees for trading cryptocurrencies. You should try the app and decide for yourself whether it’s worth the fee. We are looking now for another account to complement. It is also good to use more than one wallet to store your cryptocurrencies.