Crypto.com - Easy Cryptocurrency Purchase [REVIEW]

Cryptocurrency market Crypto.com it enables not only the purchase of cryptocurrencies or the trade of individual tokens. There is also the possibility of making deposits, taking loans in cryptocurrencies, one card that allows you to pay with traditional crypto money and many other applications. Crypto.com is not just that anymore "Typical stock exchange"but a broad project with a huge range of possibilities. No wonder she trusted him already over 10 million customers.

Cryptocurrency exchanges are usually very similar to each other. They have a more or less readable panel, a certain number of pairs in which you can buy cryptocurrencies for fiat currencies or exchange them with each other. Seemingly simple: exchange rate, price depending on supply and demand, profit or loss. What more can you come up with? It turns out that you can and much more. We decided to screen Crypto.com and all the possibilities offered by the company.

Crypto.com - one site, many possibilities

Virtually all of them the largest cryptocurrency exchanges expand their product portfolio. One of them is Crypto.com, which, however, can hardly be called a classic cryptocurrency exchange. It is rather an aggregator of many possibilities offered by blockchain technology. Especially for those who are just getting to know it. The company was founded in 2016 and its headquarters is in Hong Kong. It currently offers about 80 cryptocurrencies, and also has its own Crypto Coin (CRO) token.

Check it out: Crypto.com Chain - a Swiss idea for paying with cryptocurrencies

Of course, we will find there a place to trade cryptocurrencies, but - importantly - also very simple forms of purchase. We do not need to know the technology, exchange rates, etc. We buy cryptocurrencies through applications, which can be downloaded to the phone (available for iOS and Android devices), or directly with a credit or payment card settled in fiat currency. The commissions are very competitive and they amount to from 0,036% to 0,144% transaction values.

The more advanced or those who want to earn (or lose) faster can try too trading with leverage, but for a Margin transaction it is so far small, because it is three times the investment (3: 1). It looks better on futures, where the leverage is 1:50. On the other hand, with price movements of several dozen percent, which in recent weeks have been nothing surprising, such a leverage is enough to feel a lot of emotions. 

For hodlers - interest-bearing deposits

However, who is just getting acquainted with the cryptocurrency market, can also simply purchase selected tokens and keep them, becoming a popular among cryptocurrency owners HODL strategy (i.e. simply keeping tokens on the account for a long time and not panicking or optimism if the price changes significantly). 

There is also no need to wait for their price increase, because some cryptocurrencies can be used immediately deposit and get paid  on interest. And it's a lot, because too Bitcoin (BTC) we will get now 8,5% annually, Ethereum (ETH) 7,5% annually. Okay, but their price may drop significantly over this period, so this is a risky investment. So if we want to minimize the risk, it's worth it set up a deposit in stablecoins. For the constant exchange rate with the US dollar, the USDC token is now getting up 14% annually!

Be sure to read: Stablecoins - what are they and how do they work?

Payment card: cashback and other perks

You can also set up a payment card at Crypto.com. There are several types to choose from:

Depending on what we choose, we have different options. They all have in common that you can deposit both fiat currencies and cryptocurrencies (it's a prepaid card). During the transaction at any point, we choose what means of payment we want to operate at the moment, and the card calculates the transaction itself. For each of them we get 5% cashback. We also have discounts on various partner products as well Spotify or Netflix as a gift. All it takes is $ 200 in turnover per month for the card to be free.

Crypto.com: Cryptocurrency Harvester

All in all, Crypto.com is a good site for beginners in the cryptocurrency world. The downside is no Polish language version, but looking at overlays on other websites, it is often easier to understand intuitive solutions with an English menu than inept equivalents and what a bot translating into Polish "he meant".

No wonder that Crypto.com has already been trusted by over 10 million users. The company employs almost 1 thousand. employees are also already offering cryptocurrency loans, safe cryptocurrency wallets, as well as wide access to the NFT and DeFi markets, which are currently the fastest growing projects based on blockchain technology.