An open platform on which you can pay for your purchases. However, instead of dollars or euros, you can pay with cryptocurrency. The decision to partner with VISA was deliberate in order to enable their customers to make payments anywhere and enjoy all the rights, privileges, and rewards as traditional cardholders. The service is offered similarly to the latest Fintech solutions. With the help of an application, you are able to do more than just invest in crypto.
You can earn a yearly interest rate of up to 10%.Earn CRO with the Cashback Program (get an instant money-back reward on your Netflix, Spotify, or Prime subscription, plus 5% cashback on all purchases and 10% cashback on AirBNB or Expedia purchases).
- Put your money into crypto (spot trading).
- Make payments at stores that accept VISA.
- Staking cryptocurrency
Furthermore, it’s an efficient way to manage your money. Existing cryptocurrency allows you to work with Crypto.com. However, the company owns its own crypto. Apart from cryptocurrency, you could also pay using regular dollars or euros. The objective is to make the process of paying as simple as possible and increase the acceptance of cryptocurrency.
An open platform on which you can pay for your purchases and, instead of dollars or euros, you can pay with cryptocurrency. The decision to partner with VISA was deliberate in order to enable their customers to pay anywhere and enjoy similar rights as well as benefits like a traditional card holder. The app is designed in the same way as the current Fintech solutions. With the aid of an app, you can do much more than just invest in crypto.
Earn interest on a yearly basis that can be up to 10%Earn CRO by participating in the Cashback Program (receive the full cost of your Netflix, Spotify, or Prime subscription, plus 5% cashback on purchases and 10% cashback on AirBNB or Expedia purchases).Make an investment in crypto (spot trading).Pay in stores that accept VISA.Staking cryptocurrency
Furthermore, it’s an innovative way of managing your money. The company, on the other hand, has its own currency.In addition to cryptocurrency, you can also use regular dollars or euros. The aim is to make payment as simple as possible and increase the acceptance of cryptocurrency.
What is the process behind the Crypto.com function?
You have already registered an account through the app and can access it, but you’re likely to be curious about how it works. You are only able to use CDC tools when you make deposits of credit, which could be fiat or crypto.
· Money for deposit
You can make deposits of fiat or cryptocurrency by selecting “Transfer” on the homepage within the application. It’s all about the type of currency you prefer and whether you already own cryptocurrency.
You can transfer and deposit crypto into your Crypto.com wallet. One suggestion is to be vigilant and ensure that you double-check the address of the wallet and the coin you have chosen. It can be a nightmare if your cryptocurrency is transferred to an address that is not correct or to the incorrect wallet. It could lead to losing your cryptocurrency. After all, you’re your own bank and you’re not a stranger to it.
If you don’t have crypto or would prefer to pay in dollars, euros, or euros, you can also do that. You can fund your account by making a transfer of funds from your bank. Be aware that this could take up to five working days.
· Crypto trading via the app
The process of buying crypto is like depositing funds into your account. Select the “Buy” button to start. There are three ways to purchase crypto through the application. You can make use of the money you have in your crypto wallet. You can make the purchase by using a credit or bank account, or the amount accessible in your fiat wallet.
Credit card transactions incur a 3.5 percent handling fee per transaction.The fees are charged by the credit card issuer and are not applicable to Crypto.com. Traditional bank transfers are free, but this is not a good option if you are looking to purchase cryptocurrency in the heat of the moment.
How to Fund a Crypto.Com Account?
Be sure to ensure that you’re sending your crypto to the right address since crypto transactions are irreversible.
If this is your first deposit with Crypto.com, before you make your first deposit to the Crypto.com App, try sending an amount of crypto initially to get familiar with the process.
· How do I deposit crypto?
- In the Crypto.com App:
- Click on the “Transfer” button > “Deposit” > “Crypto”
- Select the cryptocurrency you would like to put in.
- A pop-up window will display your deposit address as well as its QR code.
Please be aware:
The deposit address you use is for ETH as well as ERC-20 tokens, which are identical.
The tag that is used to identify a destination can also be known by the name “Memory Text” or “Memory ID” in Stellar (XLM) terms.
Stellar (XLM) “account merge” transfer is not supported and cannot be considered to be deposits. Merging XLM accounts with Crypto.com can result in your money becoming unrecoverable.