Crypto.com provides an App which makes it possible to buy 70 coins at true cost without any fees of markups. They provide Metal Visa Card with a 5% back on all spending and it is now available in Europe, UK, USA, and Singapore.
However, it should be noted that Cardholders will not be able to load cryptocurrency onto their MCO Visa Card. All the loaded cryptocurrency will be converted to US Dollars and further the US Dollars can be loaded onto the MCO Visa Card for further use in purchase and ATM withdrawals.
By making use of the Earn feature it is possible for users to deposit crypto and earn interest that is paid weekly in the crypto. Users will be able to earn up to 12% p.a. for Stable Coins, and up to 8% p.a. on the crypto. The simple interest will be paid weekly in to the crypto. For instance, for BTC deposit, the interest will be paid in BTC.
Using the app investors will be able to compare the staking and non-staking benefits for supported coins, supported stable coins, and CRO. The comparison can be done for different time periods namely 3-month, 1-month, and for flexible period.
Sydney Ifergan, the crypto expert tweeted: “DeFi swap is the trend now and Crypto.com (CRO) are making it possible for everyone who are willing to swap and farm DeFi coins.”
Crypto.com know that it is only when you have control of your keys it is your crypto. They are making things decentralized, convenient, secure and flexible for users. They stick on to their belief that it is someone’s basic human right to control money, data, and identity.
Users are left in full control of their crypto and the keys. Being in control of all the digital assets, users will be able to easily manage BTC, ETH, CRO, LTC, XRP, XLM and other ERC-20 tokens in the wallet. Also, they will be able to import their existing wallet with a 12/18/24-word recovery phrase to the Crypto.com DeFi Wallet.
Crypto.com provides convenience at the fingertips of users. Users will be able to connect the Crypto.com DeFi Wallet to the Crypto.com App to provide easy access to the diverse crypto financial services provided by Crypto.com.
Since, they are well aware that security is the top priority they ensure that private keys are encrypted locally on the device with secure enclave which is protected by Biometric Authentication and Two-factor Authentication.
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