Crypto.com is one of the best leading exchanges and wallet in the entire cryptocurrency industry. The company has a range of features to help users make their crypto money work for them using the best staking features alongside debit cards that give you benefits in the form of crypto. Their exchange has low trading fees and a range of cryptocurrencies you can trade.
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About the Crypto.com Exchange
Crypto.com is a trading platform where you can make great investments and also can hold a large majority of coins in their wallet app that can give you different interest amounts depending on the coins that you hold. Crypto.com has two of their own coins that you can use for simply just holding some of these coins you can receive a large amount of interest. The main selling point of their website is their MCO debit card that gives you rewards for simply paying certain subscriptions or even just buying everyday items from the shop. Each of the services that Crypto.com offer make it simple to acquire any sort of cryptocurrency, to store all your coins, and to sell anything easily.
They have a range of cards that give you more bonuses depending on the amount of MCO tokens you hold. There is a version of the card that is completely free to obtain, you gain 1% cashback from the lowest tier in the form of MCO every time you make some sort of purchase with the card. The more MCO tokens you hold then the more benefits and rewards you get from using the MCO debit card, for example, if you get the highest tier holding 50,000 MCO then you get 5% cashback from every purchase including a 100% return on Amazon Prime, Netflix & Spotify. The interest amounts can go as high as 18% per year from your deposits, this is a 17% increase in interest when you compare it to your average savings account.
You can also receive a free $50 sign-up bonus when you use our referral code upon installing the application onto your phone, the only condition is that people have to stake at least 50 MCO tokens to receive this welcome bonus. The bonus is given to you in the form of MCO tokens and will give you $50 worth of MCO the day you stake the coins.
Crypto.com’s founders include CEO Kris Marszalek, CTO Rafael Melo, and CTO Garry Or.
- Their offices are based upon the Bulgarian city, Sofia.
- The MCO token that is behind Crypto.com’s Visa Debit Card has a circulating supply of 15 million
- At the time of writing this, the Crypto.com coin has a circulating supply of 17 billion.
- Includes a variety of security protocols to always protect your account.
How Does It Work?
Crypto.com has a normal version of the website on desktops, however, it primarily works on the mobile application. The app makes it easy for anybody across the world to buy and keep hold of all their cryptocurrencies on their mobiles securely while always showing the price of the coins they hold at all times. It also gives you ways to earn interest on every single cryptocurrency that they let people hold in their wallets and if you trade your coins on their platform to the Crypto.com coins then you can receive even more interest up to 17%. The more of their own token’s that you hold then the more benefits you can receive, you can even receive benefits for simply paying with their own debit card.
In order to use Crypto.com’s debit card then you have to convert the amount you’d like to have on the card across to the site’s MCO token, the more MCO that you decide to hold then the bigger benefits you can receive from using your Crypto.com debit card. There are five different versions of the debit card that you receive based on the amount of MCO you are holding at that given time, each of them are below:
Blue MCO Visa Card
This card is completely free to obtain and you can link it up with your account on the mobile app. You do not need to hold any MCO tokens in order to acquire this card, just in order to make payments you have to acquire the amount you would like to spend. The bonus you get with purchasing items with this blue MCO visa card is that you get 1% back in MCO rewards on literally everything.
Red MCO Visa Card
When you stake up to 50 MCO tokens you get the option to receive the red MCO visa debit card, which can offer an increase in benefits. Firstly, you get 2% cash back in the form of MCO every time you make a purchase with the card. Also, transfer over your Spotify subscription to be paid with your MCO Visa Debit card to receive 100% cashback in MCO every month essentially meaning Crypto.com will give you a free monthly Spotify subscription just for paying with their card.
Green / Purple MCO Visa Card
In order to acquire the green and purple MCO Visa Debit Card then you have to stake 500 MCO tokens. It’s a bit of an increase from the last total, however they give you 3% cashback on everything you spend with the card. On top of the fact that they will give you 100% cashback in MCO tokens for paying your monthly Shopify subscription with the card, they will also give you 100% cashback on your Netflix subscription when you pay through this card so that’s Netflix for free as well!
Bronze / Silver MCO Visa Card
Once you obtain over 5000 MCO tokens and stake them then you get access to the next tier in the MCO Visa Card’s. At this level, every purchase you make with this debit card gives you 4% cash back on every transaction that is made with this card. Once you reach this level then an abundance of rewards comes your way including 100% cashback on your Amazon Prime, Netflix, and Spotify subscriptions once you pay all of them with your MCO Visa Card. You also get 10% off every purchase you make on Expedia when you use this card, as well as some extra bonus interest for staking, exclusive merchandise, and access to the private Crypto.com group with exclusive trading information.
Black MCO Visa Card
Crypto.com users can obtain the Black MCO Visa Card once they stake over 50,000 MCO tokens and you can grab an amazing amount of bonuses. Firstly, any purchase you make with this card will give you 5% cashback in the form of MCO tokens. It also includes the bonuses of previous cards like 100% cashback on your monthly Amazon Prime, Netflix, and Spotify subscriptions as well as 10% off Expedia purchases. Each of these people that hold the Black MCO Visa Card can also gain access to exclusive merch, extra bonus, and access to their private group. On top of this, you will also get a 10% discount off any purchase from Airbnb as well as some sort of private jet partnership to get you discounts on using private jets.
In addition to the other features on Crypto.com they also offer people the chance to take an instant loan by using their own MCO token as collateral, they also include lower annual interest rates at 8%.
Deposit and Trading Fees
The fees on the Beaxy exchange are fixed at 0.2% of whatever you deposit, however, you can use the Beaxy token to take 50% of the fees off your transaction. You can also get involved in the Staking Program on the exchange which gives you an extra 25% off your trading fees if you’re a regular trader. There’s an option to pay your fees with BXY, to do this go to your profile and click ‘Fees’ then turn the ‘Pay with BXY’ option on.
The PLS token is an exclusive token to the Beaxy exchange, you can only trade your BXY tokens for this token and when you receive it you can lock them up for a certain time. The purpose of locking these tokens up is so you can receive a percentage of your trading fees back.
- Up to 1 month: receive 15% of fees collected
- 1–6 months: receive 20% of fees collected
- Beyond 6 months: receive 25% of fees collected
Withdrawal And Transfer Limits
The trading fees on Crypto.com are based on the amount of volume the user has traded within the platform, each of these volumes and fees are below:
TIER | 30 DAY TRADING VOLUME | MAKER/TAKER FEE
- VIP 1 | $0 – $50000 | 0.20% / 0.20%
- VIP 2 | $50001 – $250000 | 0.16% / 0.18%
- VIP 3 | $250001 – $1000000 | 0.12% / 0.16%
- VIP 4 | $1000001 – $2500000 | 0.10% / 0.14%
- VIP 5 | $2500001 – $10000000 | 0.08% / 0.12%
- VIP 6 | $10000001 and above | 0.04% / 0.10%
There is a great variety of customer support features upon the Crypto.com exchange. You can submit a request to their customer support team regarding any issue that you have and they should get back to you rather quickly because of their 24/7 customer support.
Before submitting a request you might be looking for a quick fix to your problem so check out the Frequently Asked Questions section to find the answer yourself.
Crypto.com is one of the best platforms for making your cryptocurrency work for you and because of it’s proven track record alongside its state of the art security features it makes it very trustworthy for users. It’s a mobile-based application that contains inside its own exchange with a variety of cryptocurrencies, a way to earn large amounts of interest by simply holding the coins within your wallet and even it’s own Visa Debit Card that gives you spectacular bonuses for making everyday purchases with their card. Join today with our promo code 32xrg6sc6j to receive $50 USD FREE once you gather 50 MCO tokens on the platform!