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Crypto.com Exchange Review & Tutorial: Beginners Guide
Crypto.com is a cryptocurrency and payment platform. Its main aim is to promote the widespread adoption of cryptocurrencies. Founded in 2016, Crypto.com already has over 3 million users. The company is headquartered in Hong Kong and is headed by seasoned entrepreneur Kris Marszalek.
The Crypto.com Exchange is part of a range of products and services offered by the one-stop-shop for crypto. The exchange enables users to trade crypto to crypto, with low fees and deep liquidity. The exchange is powered by CRO, Crypto.com’s native token, meaning that CRO holders can enjoy privileges by staking the token or by using them to pay for the likes of trading fees. This Crypto exchange review will take you through a comprehensive review of the platform.
For a limited time only, click the below link to sign up with Crypto and get $25 USD!
https://crypto.com/app/js4sa8tugr
Step 1. Click the "Sign Up" button and download the Crypto.com app. After you Sign Up, you will receive an email confirmation link to continue. Upon registration, you may be asked to provide a referral code, if so, enter the code below REFERRAL CODE: js4sa8tugr
Step 2. Complete KYC Verification by confirming your phone number, and submitting all necessary identification documents. Verification may take up to 2 business days.
After you are verified and have successfully set up your account, you will receive a confirmation email.
Step 3. How to get the $25 bonus?
All you have to do is to stake CRO (Crypto.com Visa Card Reservation) to unlock the sign-up bonus. You need to purchase the CRO in-app via Credit/Debit Card, Crypto Wallet, or Bank Transfer.
1) Submit your Proof of Address
2) Review & Update Name on the card if you haven't already.
3) Click Continue to confirm your Ruby Steel VISA Debit Card reservation. Next, Click Purchase & Hold $400 USD worth of CRO for 6 months. After 6 months / 180 days you can transfer your tokens back to your wallet, no strings attached!
Please note that for the time being, all Mastercards issued in Hong Kong do not support the purchase of CRO, and Hong Kong users can only use VISA to purchase CRO for now.
If you have not already linked your Credit or Debit Card, proceed with that now. This will also allow you to make future cryptocurrency purchases. After you have added your Credit or Debit card, Click Stake CRO for 180 days. Success, your stake is complete. Then, a total of $25 USD worth of CRO sign-up bonus will be credited to your CRO Spot Wallet!
This is a "WIN-WIN" because not only are you reserving a brand new Crypto VISA Card, you are also locking in a secure investment in the Digital Asset ecosystem. You can withdraw your STAKE after 6 months. If the price of CRO is up at that point, then that profit will be yours!
On the top right corner in your Crypto.com app, you can check your Transaction history, it will show your sign up bonus and the cryptocurrency you have bought. It will include both your $25 Sign-Up Bonus (credited to your CRO Spot Wallet) and your CRO Stake.
The Crypto.com Visa Debit Card has added additional rewards that are designed to fit the needs of consumers who are always on the move. Building on the existing travel rewards of the Crypto.com Visa Card, which include free and unlimited LoungeKey™ Airport Lounge Access, interbank exchange rates, and no overseas fees, select cards will have:
Your Travel - In Style: 10% purchase rebate on each Expedia or Airbnb booking
Your Music: Spotify. Get 100% rebate for your standard subscription plan
Your Movies: Netflix. Get 100% rebate for your standard subscription plan
Best Spending Rewards. Ever. Up to 8% back on spending, local or overseas, no minimum or maximum spending required. Even the Midnight Blue Card now earns 1% back - a long standing request from our community.
Purchase Rebates - Details
CRO Rewards are paid in CRO Token to your Wallet App. Transactions made under these merchant categories or channels are excluded from the CRO Rewards programme: digital wallets, digital banking services, crypto exchanges, stored value products, money remittance services, security brokers/dealers, insurance sales, underwriting and premiums, tax payments, government services, financial institutions, POI funding transactions, quasi cash, money orders - wire transfers.
The CRO equivalent to the transaction amount will be deposited to the cardholder’s CRO Wallet, which will be reflected instantly with each eligible transaction.
The limit for the purchase rebates are as follow:
Expedia: Up to 10% of each purchase with a US$50 limit per month
Airbnb: Up to 10% of each purchase with a US$100 limit per month
Spotify: Up to US$12.99 per month
Netflix: Up to US$13.99 per month
Amazon Prime: Up to US$12.99 per month rebate of the membership fee
Purchase rebates will be reimbursed to the USD equivalent. The rebate cap is reset on the first day of each month.
With an ongoing CRO stake, cardholders will receive % back per card tier as follows:
Obsidian - 8% ($400,000 USD worth of CRO Tokens)
Icy White/Frosted Rose Gold - 5% ($40,000 USD worth of CRO Tokens)
Royal Indigo/Jade Green - 3% ($4,000 USD worth of CRO Tokens
Ruby Steel - 2% ($400 USD worth of CRO Tokens
For Midnight Blue, cardholders will receive 1%, CRO stake is not required.
In the event cardholders choose to unstake, they will still enjoy the existing cashback of up to 2%.
So, what are you waiting for? Sign up now and get your $25 USD!
https://crypto.com/app/js4sa8tugr
MY REFERRAL CODE: js4sa8tugr
When you first go to Crypto.com, it can be a little overwhelming to navigate through their site, especially for someone new to crypto. Crypto.com has so many features, by just going to the Crypto.com Exchange you options such as; Markets, The Syndicate, Stake and Earn, Trading Area, and Supercharger. So where should you started? On the “Markets” tab, you’ll find information with all the trading pairs and markets available for trading. There are essentially 3 markets on Crypto.com which are Bitcoin (BTC), USD Tether (USDT) and the Crypto.com Coin (CRO). However, if you are looking for FIAT to crypto trading unfortunately this is not available. The Crypto.com exchange is crypto to crypto. Meaning that you’ll need to have crypto to get started and you can't actually deposit via bank transfer and buy bitcoin with GBP for example. However, there is a way around this, as you can deposit and buy crypto on the Crypto.com app using a bank transfer, debit or credit card and easily move that crypto over to the exchange. If you wanted to jump straight into trading you can do so from this section of the site by selecting your trading pair.
Is Crypto.com Safe?
In terms of security, Crypto.com’s exchange splits this between cold storage and hot wallets. With 100% of user cryptocurrencies being stored offline in cold storage and all funds held in hot wallets are used to ensure day to day withdrawal requests. They also have a strategic partnership with Ledger, global leader in security and infrastructure solutions for cryptocurrencies and blockchain applications.
Crypto.com has secured a US $100M direct insurance policy led by Arch Underwriting at Lloyd’s Syndicate 2012. Bringing Crypto.com’s total cryptocurrency insurance to $360M, including direct and indirect coverage via custodians.
Withdrawal fees
The fee that you pay to withdraw from the Crypto.com exchange will depend on the crypto you are withdrawing. Plus there are some minimum withdrawal amounts too. As an example, the minimum withdrawal amount of Bitcoin is BTC 0.003 with a fee of 0.0004 BTC. For a full list of withdrawal fees click here.
Trading on the Crypto.com exchange is crypto to crypto. Meaning that you’ll need to have crypto to get started and you can't actually deposit via bank transfer and buy bitcoin with GBP for example. However, there is a way around this. As you can deposit and buy crypto on the Crypto.com app using a bank transfer, debit or credit card and easily move that crypto over to the exchange.
Crypto.com offers several financial services like:
CRO Visa Card: Convert your crypto to fiat and spend.
Crypto.com App: Buy, exchange, send, and track cryptocurrency.
Crypto Credit: An instant loan product that enables you to get credit to spend on your CRO visa card.
Crypto Earn: A product that allows users to earn up to 18% interest p.a. on cryptocurrency deposits.
Crypto.Com Exchange: Powered by CRO, with deep liquidity, low fees and best execution prices, users can trade major cryptocurrencies like Bitcoin here.
So, what are you waiting for!? It's time to register and get your $25 USD sign up bonus!
https://crypto.com/app/js4sa8tugr
MY REFERRAL CODE: js4sa8tugr
~ Crypto.com Conclusion ~
As is pretty evident from the variety of offerings available, Crypto.com is one of the most ambitious organizations in the blockchain space. Their exchange, the Syndicate, the visa cards, there is something for everyone! If you are a newbie investor, then try them out to wet your feet and familiarize yourself with the amazing world of crypto. If you are an advanced investor, use their blockchain portfolio options to take your game to the next level. Regardless, be on the lookout for this fantastic project.
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