One of the main reasons for the success of Crypto.com is the many additional functions that the cryptocurrency exchange offers.
Crypto.com Visa Card
Crypto.com Card has played a huge role in the success of cryptocurrency exchange Crypto.com in recent years. This is a debit card offered by the cryptocurrency exchange in cooperation with the payment service provider Visa. You can order a Crypto.com debit card via the “Card” menu item at the bottom right.
Select Crypto.com Card
Source: Crypto.com app as of 08/04/2022
Free Crypto.com Visa Card. This means that there are no basic fees. However, you need a minimum of $350 CRO tokens to get the card variants with cashback. You must share these CRO tokens for 6 months. This means that you risk losing the value of the coins.
When you stack cryptocurrencies, you receive interest in the form of the respective currency. Staking is a way to maintain a decentralized network. The coins you use validate the following transactions.
Cashback is offered in Cronos codes. You can then exchange it for Euros or any other cryptocurrency.
In order to use a Crypto.com card, you must provide credit to it. This balance is used to make payments. You can choose between different cryptocurrencies. They include, among others:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- EOS (EOS)
- Dogecoin (DOGE)
You can also like on stablecoins rope (USDT) state. If you pay with a Crypto.com card, cryptocurrencies are automatically converted into fiat money. So you can use the card anywhere Visa cards are supported.
There are different versions of the Crypto.com Visa Card. per capita (often also called cryptocredit cards designated), there are different requirements regarding the number of stacked Kronos tokens.
Crypto.com Visa Card Variants
Other benefits of the Visa Crypto.com Card include:
- Free access to Netflix, Amazon and Spotify
- Airport lounge
- Discounts at airbnb and Expedia
However, you will only get all the benefits if you hold Cronos tokens worth €350,000. Since the cryptocurrency market is very volatile, investing such large sums in cryptocurrencies is very risky.
If you mostly pay by credit card anyway, you should be counting Crypto.com cashback on your monthly sales. This is how you can check if a Crypto.com Visa card is worth it for you. If you regularly pay large sums by credit card, a Ruby Steel or Royal Indigo card may be worth considering.
If you do not want to take any financial risks and still want to pay in cryptocurrencies, the Midnight Blue card is the right option for you.
Another way to make money from Crypto.com is through the so-called “Crypto.com Earn” program on the cryptocurrency exchange. This allows you to earn passive income by lending or pooling your coins.
You always take a big risk when you have to leave your cryptocurrency on a platform in order to come back. This is also the case with Crypto.com-Earn.
Crypto.com DeFi wallet
Crypto.com DeFi Wallet is the company’s offering to keep your cryptocurrencies safe. The special thing about the Crypto.com DeFi wallet is that you have the private key yourself. So it is called a non-custodial portfolio, even if it is hotwallet he is.
However, this is not directly integrated into the Crypto.com app. So you have to download them additionally.