With a plethora of crypto websites popping up after the cryptocurrency surge, it can be difficult to choose a website with the right services and features for you.
A lot of these websites are good at one particular task and then you have to find another website to use a more functional feature. Crypto.com is a cryptocurrency investing and staking company that is looking to find the middle ground and provide excellent all-around service.
Offering a variety of features and services, Crypto.com can be a viable solution for you. Read on to find out more.
Crypto.com is a cryptocurrency investing in staking platform that was founded in June of 2016 under the legal name of MCO Malta DAX Limited.
Since its Inception in 2016 crypto.com has grown into a large and well-known International cryptocurrency hub.
Offering a multitude of services ranging from App access, Visas, and crypto exchanges to crypto lending and staking services, Crypto.com does it all and it does it very affordably.
This platform is a great option for anybody who is looking to spend, trade, store or save cryptocurrencies, especially the native CRO coin. Let’s take a look at some of the best services Crypto.com has to offer.
Crypto.com as mentioned earlier is a one-stop shop for all your cryptocurrency needs.
You can buy or sell cryptocurrencies on the exchange itself, spend your crypto with a prepaid Visa card, and even earn interest and get paid for depositing some of your cryptocurrencies into Crypto.com’s accounts.
Secured lending services are also offered by crypto.com, with the choice of 25%, 30, or 50% initial loan to value as collateral.
You can qualify for an instant loan through crypto.com buy currency backed on your account. as mentioned previously, a 25, 33, or 50% initial loan to value ratio can be chosen as collateral.
The list of currencies that are available to be used as collateral and borrowed as a loan is constantly expanding.
The current list is already quite large and includes, CRO, LTC, BTC, ETH, VET, LINK, and DOT.
The loans are all set for a period of 12 months with the option to repay at any time and for any amount owing
One of the most attractive features of crypto.com is the extremely high-interest savings account. Using “Crypto Earn” you can deposit your preferred crypto-currency into the account and start accruing interest daily to grow your assets.
Please note that depositing CRO into Crypto is not the same as staking CRO in the exchange portion of the platform. Available currencies for deposit into the Crypto Earn account are quite plentiful and include most major cryptocurrencies.
Approved users are able to choose from a 1-month, 3-month, or a custom flexible holding term for their deposits. Crypto.com offers an increased annual interest rate if you have CRO staked.
The complete breakdown of interest earned based on holding term and type of cryptocurrency deposited is an extremely large list It ranges from 2% to 12% APR.
The higher figures such as 12% are for stable coins, whereas other cryptocurrencies usually hover around 6% which is still impressively higher than any savings account a bank can offer you.
Any interest earned and accumulated is paid out every seven days and is deposited directly into your crypto wallet which is available for immediate use. This is a great way to earn more income on top of your holdings and help diversify your portfolio even further.
Offering five different prepaid Visa cards, your crypto.com balance can be used anywhere that accepts Visa. This, however, being a prepaid Visa card, it will have to be topped up prior to use.
There are no annual fees are using these visas and each month you will get a set amount of ATM withdrawals and foreign transactions depending on your choice of card.
Just the same as with the other features the more CRO you have staked the better the benefits you are going to receive.
The top of the line card, the obsidian card, earns 8% crypto back and comes with a variety of extra bonuses, however, this requires a hefty 5 Million CRO.
For the rest of us who don't have 5 million CRO, we can use a no-stake “Midnight Blue” visa that offers 1% crypto in return, or the 2% “Ruby Steel” card for the entry-level 5000 CRP staking.
Crypto.com offers an exchange right on their mobile app to buy and sell over 80 cryptocurrencies.
Trading pairs include over twenty different fiat currencies but obviously include the USF, GBP, and EUR. The maker-taker fees are also discounted by the amount of CRO staked.
One of the most appealing aspects of crypto.com is how low the fees are for using any of their features. All deposits made to the site are free, however, withdrawals usually come with a fee that is associated with the cost of the transaction itself.
Along with withdrawal fees scroll saw minimum amounts of each particular coin to withdraw. Here is a quick breakdown of some of the more popular coins and their withdrawal fees and limits.
There are a great deal more cryptocurrencies available for trade and withdrawal besides these ones on the list.
Crypto.com’s trading fees are volume-based meaning you get more of a discount as your trading volume increases. There are increased discounts based on the amount of native coin you have staked as well which is CRO.
The maker and taker fees are also adjusted based on how much CRO you have staked, starting at 5,000 CRO, 10,000 CRO, 50,000 CRO, 100,000 CRO, 500,000 CRO, 1M CRO, 5M CRO, and 50M CRO.
This chart is a breakdown of regular Maker/Taker fees and for 10000 or less staked CRO which is the 2nd tier of discount on trading fees.
|30-day Trading Volume
|CRO 20% Discount Maker
|CRO Discount 20% Taker
Crypto.com offers everything you will need from an online crypto platform. Not only this but the platform will deliver it for less than what the competition can offer.
Crypto.com, has my recommendation for those interested in depositing their cryptocurrency to earn a passive income through interest.
The large stable coin interest rate return is very attractive to those who wish to stay away from the volatility of the crypto-currency exchange itself.
Although Crypto.com may not be the easiest platform to navigate, once adjusted it is a great place for all cryptocurrency-related activities. If you are a beginner and are looking for a platform then Crypto.com might be a good choice for you.
The learning curve may be slightly higher than average however it will be worth it once you can utilize all the available features.