Review on Crypto.com Coin by The hsotaka
My review about CryptoDOTcom
Today i want to share my experience with CryptoDOTcom.
CryptoDOTcom offers a app for android and IOS which gives you access to different services of the company:
Wallet: The wallet of cryptoDOTcom is a online wallet with the possibility to store a huge amount of different coins and tokens.
Cards: On the card menu, you can order a crypto debit card. They are currently offering cards for users in USA, Singepore and Europe (They claim to deliver Europe cards this march). There are no monthly or annual fees for this cards, which is absolutely great! There are different crypto cards, depending of the staked amount of MCO tokens (one of cryptoDOTcom's coins) you get access to these cards:
Obsidian Black Visa Card:
- You need to stake 50,000 MCO
- 5%
MCO cashback reward on ALL card spending
- 100%
cashback for your Spotify account
- 100%
cashback for your Netflix account
- 10% cashback for Expedia purchases
- 10% cashback for AirBNB purchases
- Airport Lounge Access
+ 1 Guest
-
$1,000 USD
ATM Monthly Withdrawal Limit (2% thereafter)
- Unlimited Interbank Exchange Rates Monthly Limit (0.5% thereafter)
- Composite Metal Card
Frosted Rose Gold & Icy White Visa Card:
- You need to stake 5,000 MCO
- 4%
MCO cashback reward on ALL card spending
- 100%
cashback for your Spotify account
- 100%
cashback for your Netflix account
- 10% cashback for Expedia purchases
- Airport Lounge Access
+ 1 Guest
-
$1,000 USD
ATM Monthly Withdrawal Limit (2% thereafter)
- $20,000 USD
Interbank Exchange Rates Monthly Limit (0.5% thereafter)
- Composite Metal Card
Royal Indigo & Jade Green Visa Card:
- You need to stake 500 MCO
- 3%
MCO cashback reward on ALL card spending
- 100%
cashback for your Spotify account
- 100%
cashback for your Netflix account
- Airport Lounge Access
-
$800 USD
ATM Monthly Withdrawal Limit (2% thereafter)
- $10,000 USD
Interbank Exchange Rates Monthly Limit (0.5% thereafter)
- Composite Metal Card
Ruby Steel Visa Card:
- You need to stake 50 MCO
- 2%
MCO cashback reward on ALL card spending
- 100%
cashback for your Spotify account
-
$400 USD
ATM Monthly Withdrawal Limit (2% thereafter)
- $4,000 USD
Interbank Exchange Rates Monthly Limit (0.5% thereafter)
- Composite Metal Card
Midnight Blue Visa Card:
- You don't need to stake MCO
- 1%
MCO cashback reward on ALL card spending
-
$200 USD
ATM Monthly Withdrawal Limit (2% thereafter)
- $2,000 USD Interbank Exchange Rates Monthly Limit (0.5% thereafter)
- Plastic Card
I ordered a Ruby Steel Visa Card, now i have to wait until they deliver the cards to users in Europe. I will update my review as soon as the card arrived.
Exchange: CryptoDOTcom is running their own exchange. I personally don't use the exchange UI, but it gives you the great advantage to instantly convert tokens and coins which you are holding on the CryptoDOTcom wallet. Fees for this feature are low.
Earn: In Earn section of the app, you have the possibility to stake the tokens you are holding in the CryptoDOTcom wallet. You can stake more coins and tokens than i could list, you so have to take a look on your own. Depending on the coin you want to stake and the selected term (fexible, locked 1 month, locked 3 month), you will get different earnings p.a.
Beware that there is a minimum staking amount for every coin, e.g. 0,05 BTC for Bitcoin, so it's not possible to stake your dust.
Credit: You can order a instant loan on the "credit" menu of the app. Depending on the amount of staked MCO and the coin you want to loan, there are different interest rates you need to pay (between 8% and 12% p.a. for most coins).
Invest: You can fund your Investment account on this menu of the app. There are three different Investment plans: "Conservative, Medium and Risky". You can calculate the best plan for you by answering a few questions. Depending of the plan, CryptoDOTcom will invest in different assets for you.
Track: The track menu of CryptoDOTcom offers a detailed view of almost all coins and tokens (not only the ones that are listed on CryptoDOTcom). You can see charts and performance of coins, top movers, etc. IT's a nice and cleat way to track you favorite coins. You can mark the coins you are interested in as you favorites. They will appear on top of the list of coins and tokens.
Pay: On the "Pay" menu, you can purchase gift cards with your crypto. Depending on your staked CRO (the second coin of CryptoDOTcom), you will get a nice cashback for every purchase via "Pay". You can buy gift cards of more than 3000 stores, so if I want to buy a card in the future, i definitely will buy it via CrypoDOTcom with a nice crypto cashback.
Rewards: On the "Rewards" menu, you can see the rewards you earned by different features on cryptoDOTcom. You can earn with the cashback of "Pay" or with the cashback of your crypto debit card purchases. The cashback you earned will be displayed in the reward menu.
You can also earn 50$ by referals. If a friend orders a crypto card and stake a minimum of 50 MCO (~250€) for half a year, both of you will get 50$. This is a great offer, because you can use these 50$ completely free, there are no restrictions. You can withdraw, sell or convert it. You only get 50$ if you use a code, so if you liked my review and want to order a crypto debit card anyway, you can use mine, hehe :)
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I hope i was able to show you the different products of cryptoDOTcom. They are offering a huge amount of services, so it's difficult to explain everything in a detailed way.
Pros
- Nice wallet with clear UI that is easy to understand.
- They gave their tokens nice use cases if you stake them on their platform.
- They're offering VISA crypto debit cards for users in USA and Singapore (Europe soon).
- "Pay" is a nice way to purchase gift cards with crypto and get a cashback.
- "Earn" is a nice way to get passive income by staking you coins on CryptoDOTcom
- They are offering great fiat gateways (SEPA, WIRE, no third party) to fund your fiat wallets.
- You can request for a crypto loan. If you have staked MCO, you interest rates are lower.
Cons
- I can't see my account balance on PC, they don't offer a web UI only App.
