Imagine having your Fiat and cryptocurrency all in one safe storage, while you can buy, sell and send the same without any hassle. At the same time, it is possible to monitor more than 200 cryptocurrencies. How much easier would your life be?
If you are a trader, investor, crypto owner or all three combined, you will know that sometimes it can be complicated to keep up with your investments. Keeping your precious investments safe in one place, while you want to keep liquid cryptocurrency available in another, as well as having a back-up when you need the funds, is not only a matter of choice, it can also be quite a tedious task. Wouldn't it be wonderful if you can have all of that in one place? Now you can.
The versatile Crypto.com Wallet and exchange
With the crypto.com universal wallet, you will be able to safely store your funds, while you can buy, sell and send 7 Fiat and 7 cryptocurrencies. Since it will always be available in your wallet, you can access and spend it at any time. It's possible to instantly send your fiat and cryptocurrencies to other Crypto.com Wallet App users without any fees. Only if you want to withdraw your crypto to an external wallet address, you'll be charged a small fee.
Topping up your fiat wallet can easily be done via bank transfer, debit or credit card, or crypto. You can also buy crypto with your credit card or fiat wallet.
In the integrated exchange, you can exchange your Fiat and cryptocurrency. With the Crypto.com real-time Interbank exchange rates, you'll be saving 5-8% compared to high street banks.
For exchanging crypto to crypto, no additional fees will be charged.
Monitoring your cryptocurrency will be child's play, as it's possible to track more than 200 coins just like at any external exchange or market comparison site. The difference is: now you will have all this in one place.
The MCO Visa card
Crypto.com recently launched its very own MCO visa card. MCO is Crypto.com's own cryptocurrency Monaco. There are different varieties of the card. One of these cards is free, the others require a certain amount of MCO to be locked into your account. These amounts are 50 MCO, 500, 5000 or 50,000 MCO. At this time, 1 MCO costs $4.70. In return, each different card will give a percentage of card cash back and rewards, like free Netflix, and 10% off your Expedia and Airbnb bookings for keeping your MCO locked in your account.
You can read more about the different cards and their rewards here.
Aside from all this, Crypto.com will soon also offer credit to those who have MCO tokens locked in their account. With $10,000 worth of MCO locked in, you will have access to $6,000 in cryptocurrency in a time when you need it.
The sign-up procedure
To sign up for the wallet and/or card, all that needs to be done is to download the wallet app.
The simple KYC procedure will be done by the app itself and took me no longer than 2 minutes. All that's needed is an ID and a selfie, and it takes approximately 2-3 days to get approved.
Other news
Crypto.com has recently acquired Kasim Zorlu as their new head of growth. Zorlu has many years of experience as an entertainment executive when he worked for Rovio in the gaming industry.
This will surely have a positive impact on the company, and with that: their investors.
Conclusion
These days with all the developments in the world of blockchain and cryptocurrency, it can be hard to keep up with one's investments. Most people will have safe wallets in one place, while they conduct their trading and monitoring of investments in other places. This doesn't only make it more complicated, but it also takes a lot of time. And time is money. Crypto.com takes some of the hassle of trading, exchanging, sending and monitoring investments away by having it all in one place. Its ease of use is remarkable. The easy to install wallet, visa card, and exchange are all connected and easy to access. This, in my opinion, makes Crypto.com truly an all-rounder.
For more information about Crypto.com and their different products check here
Disclaimer: This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.