This article is not entirely about the forex market, but it is about an urgent problem that cryptocurrency holders face. This is the use of virtual currency in the real world. In my opinion, one of the best options is to use a crypto.com Visa debit card. Further, in the detailed review, we will consider it.
If you own a crypto.com card, are thinking about getting one, definitely read this review. This is going to be the most detailed review on the card, the benefits, what it does and why you should consider getting one if you want one.
So first, crypto.com is like a one-stop cryptocurrency shop. You can buy and sell cryptocurrency. You can also send money or crypto to others who have the app like Venmo, PayPal. The Platform has a built-in wallet, a staking platform where you can earn interest and passive income through your crypto.
What is MCO crypto.com card?
And they have their famous MCO crypto.com card. This is one of the first companies that have actually partnered up with Visa to create a debit card that allowed people to use cryptocurrency in the real world. It’s amazing because about three years ago, people always wondered, how can I use my crypto-actives?
But crypto.com has really allowed his users and other traders to use the money which are on their crypto wallets and transfer it over to debit card and actually use it in the physical world.
If you want to register on the platform, then you can use my referral link and receive a reward of $25. I will also receive a small reward. Once you sign up for the account, and you go through a verification process, and then you will have access to the platform.
If you are already registered you can use my promo code and get a $25
Code – 82a3ap7vt6
They have a promo going on where all-new crypto.com users will have a 0% credit/debit card fee for the first 30 days they are using the platform. Take advantage of it as much as possible when you can.
How do you get the card?
To do this, enter the application. And then when you go to the bottom right corner, you’re going to see the card icon. Click on that, and you’re going to have five different cards to choose from: midnight blue, ruby steel, indigo and jade, icy white, rose gold, and black.
In order to have access to these cards, you do you have to invest into their CRO tokens, except the midnight blue, but it barely has any benefits. At the moment, you can see the current prices in the screenshot below.
One CRO token at the time of making this review is around seven cents. It could either be a little higher or lower. You get the price of one CRO token and multiply it by 5,000 or 50,000, and that’s going to be the cost of the card. Which totals up to $380 for the ruby steel and $3,750 for the blue and green card.
For example, I chose the red card. After invest 5,000 CRO tokens, they’re going to be locked up for the next 180 days. This is so that investors don’t sell and dump their CRO tokens right after purchase them so that can just benefit from their cards. But you will also be benefiting a 2% annual interest rate off of your 5,000 CRO tokens.
On top of that, you will be getting a Spotify reimbursement, which is about $10, and you’ll get a 2% cash back reward for every time you spend your debit card. If the tokens are not blocked for 180 days, then there will be no additional benefits and cashback
Now, in order for you to get reimbursed for your Spotify or Netflix is to actually pay those bills with your card. When crypto.com sees that you paid your bills with their card, they will automatically reimburse you with their CRO tokens, which you could sell and buy more Bitcoin.
How to use a crypto.com card
How you can load up your debit card, so you can start using it? First, make sure that you’re on the app homepage. Click on transfer and then click on deposit, and then you’re going to click on Fiat, and then you’re going to choose your currency. In this case, it’s going to be the US dollar.
To replenish the card You can transfer some of your Bitcoin into the debit card. For this going to….
1. click on the bottom right, you’re going to click on the card,
2. click top up.
You can pretty much transfer over whatever currency that you have. In this example, we use Bitcoin. So for transfer over $50 worth of Bitcoin, enter the amount USD, top it up, confirm.
And now I have $50 and 45 cents. I transferred some of my Bitcoin over to my debit card, and now I can purchase things with my card. The reason why I use crypto.com is that they created a debit card and an app that bridge the crypto world into the real world, allowing cryptocurrency to be very practical for people. Many people keep their cryptocurrency long-term.
But at some point you will want to sell part of your savings., right? And at the same time, you don’t know what you pay your bills with. But with crypto.com, what you’re able to do is sell some of your Bitcoin directly from the app into your card, load up your card and use it at Starbucks, at Target, any store you want. Now, for every purchase, you get a 2% cashback, and you get it back in CRO tokens.
How can I transfer money to other card users?
Next, I’m going to share one of my favourite things about this card that nobody pretty much talks about. For example, my wife is out, she’s shopping, and she realizes that she doesn’t have enough money in her debit card. What I am able to do is send funds from this card into her card directly through the app.
Click on “send”, and this only works within the crypto.com card users. So I have my wife up there, I’m going to click on send, and I’m going to send her $10. Send, confirm and it has been submitted. And her funds came in right away. If you happen to lose your card, you can freeze it directly through the app, or you can reset the pin. There are no monthly fees or annual fees.
There are no fees on ATM withdrawals up to $400 on the ruby red card and $800 on the indigo blue. There’re only to be about a $5 fee on your card if you don’t use your card for an entire year, which doesn’t make sense because you’re signing up for a card, so you should use the card. But if you happen to not use it for an entire year, then you do get charged.
Now, if you’re on the edge of wondering, should I get this card? It is completely up to you. Our world is advancing more and more in tech. It’s becoming more digital, and eventually, we are going to be using a lot of cryptocurrency in our futures. It’s one of those things where you choose to learn it now, so it becomes easier later, or you choose to adapt to it later on in life. I think if you’re interested in the crypto space, I think it’s definitely worth checking out.
I love crypto.com as a company, and I love their branding. They were able to get five million users within 2020. They’re aiming to get 15 million by the end of 2021 and a hundred million users by 2025. This means the price of the CRO tokens will go up, up, and up, it’s just a matter of when. And that’s good for us for those that buy it early and hold it.
If you’re worried about security, they pride themselves in security. Look at all these certificates that they got. They got the highest rating on privacy security based on the US standards. If you want to check out their white paper, which kind of goes over the detail of their mission and company and who they are and their team, click here.
Hope you guys enjoyed this review. It was a very detailed, probably long review as well on the crypto.com card and the company as a whole. I believe that 2021 is going to be crazy in this space. If you guys enjoyed this article, please share it with your friends. If you have any questions or comments, let me know in the comment section down below, Bookmark my blog. A source.