Crypto.com is a mobile app and exchange platform to buy and sell cryptocurrencies. Apart from the app and exchange, they also offer the Crypto.com Visa card that earns interest in crypto from your purchases, the Crypto.com wallet to earn interest in your deposited cryptocurrencies, and crypto-backed loans to get a credit against your crypto.
What Is Crypto.com?
Crypto.com was founded back in 2016 to accelerate the transition of the financial world into cryptocurrency. To accomplish this, the team at Crypto.com offers several products related to crypto: Crypto.com app, Crypto.com exchange, Crypto.com card, and Crypto.com wallet, which allow you to:
- Sell and but crypto
- Earn interest when you deposit crypto in your wallet
- Receive and send crypto in the app or outside the app
- Use the app to pay at partner online retailers
- Apply for a Crypto.com card to earn interest in crypto from purchases
- Get a crypto-backed loan
The Crypto.com App
In the crypto.com app, you can use your credit or debit card or a bank transfer to buy and sell more than 100 cryptocurrencies with over 20 fiat currencies at very low fees. You can also send crypto to other app users with no fees or withdraw it for a small fixed fee and store your crypto in a secured digital wallet. You can also use the app to pay with crypto at leading online retailers listed on their website.
There are two ways to earn interest through the Crypto.com app: apply for the Crypto.com card and use it to make purchases that will earn you interest paid back to you in crypto. You can deposit crypto into the app to earn weekly interest.
By depositing crypto, you can also get an immediate loan with no credit check required up to 50% of your crypto collateral. This means you can use your assets instead of having to sell them. They offer a flexible schedule to pay it back.
The Crypto.com Visa Card
You can apply to the Crypto.com card through the mobile app. It has no annual fees, and you can earn interest in crypto for purchases made with it.
The card works the same as a pre-paid card to top up with the money to make purchases. Instead of cash, you top up the Crypto.com card with Fiat or Crypto. Depending on the value of crypto assets you add to the card, there are different card tiers with different % of interest, different rewards tiers, and different purchase limits.
The Crypto.com card comes in metal and different colors for each tier: Obsidian, Frosted Rose Gold & Icy White, Roayl Indigo & Jase Green, Ruby Steep, and Midnight Blue.
The rewards you earn for using the Crypto.com card are reimbursed to the USD equivalent and paid in crypto into your crypto wallet, managed through the Crypto.com app.
Instead of selling your crypto, you can use it as collateral to get 50% of its value as a loan. No credit check is required, and the loan is approved instantly after the deposit. Offering a flexible schedule and low-interest rates, you can easily apply through the app to do more with your crypto.
Advanced Trading: Crypto.com Exchange And DeFi Wallet
Directed to experienced crypto traders, the Crypto.com exchange allows you to access advanced trading options like Spot Trading with low fees and deep liquidity, margin trading to get three times more leverage, and derivatives trading in a fast matching engine with low latency.
Apart from the exchange, Crypto.com also offers a DeFi Wallet for advanced traders, a non-custodial wallet with a full suite of DeFi services in one place. With this wallet, you can fully control your crypto and private keys with multi-layered security features that protect your stored tokens. Through the DeFi wallet, you can earn interest from DeFi protocols and farm and swap DeFi tokens. If you use the Crypto.com app, you can connect this wallet to manage all your assets in a single place.
What Are the Fees for Crypto.com?
Crypto.com fees for buying or selling crypto depending on your trading volume, as well as for withdrawing crypto. These withdrawal fees vary for each type of cryptocurrency. For more information about Crypto.com fees and prices, you can visit their website.
How To Open An Account
If you are at least 18 years old, you can open an account by downloading the Crypto.com app for iOS or Android in the Apple Store or Google Play Store.