Getting To Know Crypto.com And Its Main Product
JAKARTA Crypto.com is a crypto ecosystem that is increasingly popular in various countries. With more than 50 million users and more than 250 types of cryptocurrencies, this platform is growing rapidly and is an option for many people who want to engage in crypto. If you look for a popular and trusted crypto platform, Crypto.com is one that is worth trying.
One of the key features of Crypto.com is its own blockchain called Cronos (CRO). With Cronos, users can take advantage of different services, including crypto debit cards, crypto-centred exchanges, crypto staking services, and more. With so many services available, Crypto.com is the ideal choice for anyone who wants to engage in the crypto ecosystem.
In addition, Crypto.com has established important partnerships in the sports and entertainment sectors, such as with several F1 and NBA teams, as well as with Matt Damon as its brand ambassador. This shows that Crypto.com is not only focused on the crypto ecosystem, but is also trying to build partnerships with other industries.
To make it easier for users, Crypto.com has made easy-to-access guidelines about what Crypto.com is and how to use this platform. With this guide, users can understand more about Crypto.com and start using available services.
With growing growth and available features, Crypto.com is one of the most exciting crypto platforms today. So, if you want to engage in the crypto ecosystem, Crypto.com is a viable option to consider.
Getting to Know Crypto.com
Crypto.com is a crypto platform that presents a complete solution for customer needs in transacting with cryptocurrencies. The platform offers several products and services, including Pay, Earn, App, DeFi Wallet, Crypto Exchange, Syndicate, and VISA Cards.
Crypto.com Product
To pamper consumers, this platform has a variety of interesting products that can be used by users as mentioned above. The following is a brief description of the products and services provided by Crypto.com.
Crypto.com Pay
One of the flagship services from Crypto.com is Crypto.com Pay, which allows users to shop online using cryptocurrencies. In addition to providing lower transaction fees than traditional payment provider Crypto.com Pay also offers a 0 percent fee for transactions processed in crypto and 0.5 percent for transactions processed in fiat currency.
Although the current integration of cryptocurrencies is still limited, some online stores such as WooCommerce have started accepting payments with cryptocurrencies. Crypto.com also offers loan options with a guarantee of up to 50 percent of the collateral value with Crypto.com Credit.
This option is of interest to investors who want to increase their crypto assets without having to go through KYC and background checks like bank loans. However, users need to take into account the risk of a currency that may occur if the value of the crypto suddenly goes up or down. Unfortunately, this option is not available to users in the US, UK, France, or Germany.
Crypto.com Earn
Crypto.com Earn functions like a savings account and offers a much higher fixed interest rate than a regular savings account, with interest rates usually between 8 and 14%. After depositing, users can choose how long the funds will be saved in a savings account and the longer the funds are saved, the more results they can get.
With more than 50 million users and more than 250 cryptocurrencies, Crypto.com continues to grow and become the fastest growing crypto platform in the world. In addition, the platform also has several major partnerships in the sports and entertainment sectors, such as with several F1 and NBA teams, as well as its brand ambassador Matt Damon. If you're looking for a platform to engage in crypto, Crypto.com could be an attractive option to explore.
Crypto.com application
The Crypto.com app allows you to buy and sell cryptocurrencies while you are far from your desktop. You can also track your investments and current prices with them. On Trustpilot, users praise this app for being light and easy to use.
Dompet DeFi Crypto.com
Unlike savings accounts, Crypto.com DeFi Wallet is a non-custodial solution to store your coins, which means you stay in control of your assets at all times. You can manage more than 100 coins in your wallet and have the option to stake the CRO and receive better APR (yearly percentage rate). This product is intended for more experienced cryptocurrency users who know their way in the crypto world and prefer to have full control of their tokens.
Crypto.com Exchange
Crypto.com Exchange offers more than 100 different currencies to trade. Depending on your trading volume in the last 30 days and how much CRO you charge, you can get a discount for trading fees.
There are two different verification levels for users: base and continuation. You just need to give your name, email and phone number at the elementary level, but moving funds on the exchange will be limited. With advanced verification, you go through a full KYC process and can withdraw up to 100 BTC.
Crypto.com Syndicate
Crypto.com Syndicate is a fundraising platform where promising projects can register their coins on the exchange. If you stake the CRO, you can call the mess on these coins. While this sounds very interesting, the staking requirement is very high, and the reward is not as good as promised.
You have to stake 10,000 CROs to participate in syndicates. The maximum token allocation for 10,000 CROs is 1,000 tokens, but the actual allocation is calculated based on the formula. In practice, you may only receive a few dollars from new tokens, which makes the overall service a bit disappointing.
Crypto.com Visa Card
The Visa Crypto.com card is the main product and selling value of this platform. This card is available in various jurisdictions, such as the US (except for the states of New York), Canada, the UK, certain European Union countries, Singapore, and Asia Pacific.
Crypto.com offers a different package for the card. The most basic option is the Midnight Blue card, which is free and offers 1 percent cashback in the CRO for all transactions. The card is also equipped with a free withdrawal worth 200 US dollars (Rp. 3 million) at ATMs per month and free foreign currency transactions worth 2,000 US dollars (Rp. 30 million) per month.
Ruby Steel's card offers a 2 percent cashback and a USD 400 (IDR 6 million) free ATM withdrawal, plus a 100 percent discount on Spotify. To get this card, you need to stake your $400 CRO token on Crypto.com. Unlike in regular banks, it's not a hidden fee. If you want to cancel your card, you can cancel your bet and get your money back.
According to a CoinMarketCap report, Crypto.com also offers premium cards. Its Royal Indigo card and Jade Green cost US $ 4,000 (Rp. 60 million) in CRO at stake and is equipped with 3 percent cashback and other facilities such as Spotify and Netflix discounts as well as airport waiting room access.
The most expensive cards are Icy White/Frosted Rose Gold and Obsidian, which require a custom CRO of US$40,000 (equivalent to Rp600 million) and US$ 400,000 (Rp6 billion), respectively. These cards offer cashbacks of 5 percent and 8 percent and more facilities, but most customers will avoid high betting requirements.