By popular demand, here’s a dedicated thread for Crypto.com. Messages related to this topic often don’t quite fit into the “Broker Discussion,” “Cryptocurrency and the World,” or “I just bought or sold” threads.
Here you can post, for example, inquiries about the arrival schedule of the Visa card, the CRO exchange rate, as well as practical questions and answers about opening and using accounts. And of course, also irritated comments about the half CRO received as rewards from Missions or other gamification innovations that we don’t even know about yet.
Edit: Remember that this, like many other investment targets, involves risks. A fiat money deposit with Crypto.com likely does not have the €100,000 deposit guarantee familiar from many banks. There is certainly no such guarantee for crypto deposits. Cryptocurrencies have been extremely volatile during their short history. A rapid 90% price drop is by no means an impossible scenario. Cashback payments may be suspended. The Visa card may not work everywhere. There are all kinds of other threats. None of them have to materialize, but all of them can materialize.
Of course, one would be tempted to put their own referral code here for everyone’s pleasure and benefit, but the unwritten rule of the Inderes forum seems to be not to advertise one’s own codes publicly in threads. And it’s a good rule too. It keeps the threads tidy and prevents awkward conflicts of interest.
Good thread, I think I once opened a crypto.com thread, but it was removed pretty quickly, but maybe in “today’s world” this thread is here to stay. Yeah, you can get a referral code via private message here too if someone needs free money..
I’ll put a good link here that, by reading it, one can get a better understanding of crypto.com and their Visa card. This at least made me “wake up” to the opportunities offered by crypto.com. It’s an old article, but it seems to have been updated along the way..
Does anyone have any idea how it works if I order a Ruby card without a CRO stake and, so to speak, monthly save that 350e there and then stake it for the card. Mainly, do the benefits come automatically after staking, or do I need to do other tricks as well?
You cannot order a card before staking €350 worth of CRO coins. You can, of course, buy CRO coins in installments, e.g., €50 per month, and stake €350 worth of CRO for the card (=order the card) once you have enough.
EDIT: To clarify further: when talking about the €350 card, we are referring to the Ruby Steel card - a 2% cashback + Spotify rebate card. The blue Midnight Blue card can be ordered without a stake, but it is not metallic like the other cards and only offers 1% cashback with no other benefits.
Aha, somehow the app gave me the impression that I could, as there was a button on the order form for a card with or without staking. Thanks for the answer, I’ll order the card once I have the pot together.
Yes, and to this I’d add that if you order the free card and at some point want to upgrade to the next card tier, you have to pay an additional €50 to get the physical card for the next tier. So it’s almost better to order at least the €350 stake card directly…
Yep, if you want to upgrade to Ruby Steel later, you can do so without the €50 fee if you don’t want a new physical card. However, if you upgrade to more expensive tiers with lounge access and other perks, those won’t work with the old card.
What an excellent idea to open a dedicated thread for Crypto.com! Many will surely find their way here looking for information, so I’ve summarized the current services available through Crypto.com. There are three applications and one additional service available on the website. More info via the links.
Crypto.com Mobile Application:
-Applying for a Visa card
-Contacting customer service if your card has been stuck halfway due to the massive order surge last autumn.
-Buying crypto for long-term holding when brokerage fees don’t matter.
-Depositing crypto for 0-3 months for a fixed interest rate with Crypto.com via Earn.
-Paying friends with cryptocurrency or buying gift cards for online stores like Amazon and Zalando with Crypto.com Pay.
-Loans against cryptocurrency
Crypto.com Exchange, also available as a stripped-down mobile version:
-Buying crypto at market price.
-Trading with 0-10x leverage.
-Derivatives and futures trading with 0-100x leverage (All money thrown here will disappear 100% over time).
-Loans against cryptocurrency.
-Depositing crypto for interest.
Crypto.com DeFi WalletYour Keys, Your Crypto.
-The safest way to store your crypto, but funds are permanently lost if you forget your private key.
-Staking CRO to validators via DeFi Earn and accessing DeFi services running on Ethereum, e.g., Aave, Cosmos, and Compound.
-DeFi Swap for exchanging ERC-20 tokens.
-Cronos Bridge, which allows you to swap your CRO to the Cronos chain ecosystem, which is a rabbit hole of crypto games, smart contracts, Dapps, and new use cases from which there is no return.
-Direct Dapps integrations, such as Cronos Chimp Club NFT and VVS Finance DeFi service.
-NFT storage, if you don’t want to keep these blockchain-implemented .png files on an exchange.
Crypto.com NFT
-An NFT marketplace where you can buy and sell these funny but perhaps useless monkey pictures. Only NFTs on the CRO chain, meaning payments are made with CRO coins.
The Tax service is yet to be released in Finland, but it was launched in Germany last year, as discussed in the Cryptocurrency and Crypto World discussions.
I’m eagerly following the developments!
One thing that was perhaps a bit hidden, at least for me, when I was choosing a suitable card: if you choose an Indigo/Green card or higher directly, you get a decent interest rate for that stake amount. You don’t get anything for the Ruby card stake.
Crypto.com also owns the Cronos network. Not much time has passed since the network’s launch, and a lot of projects have popped up there. This is an important aspect for the value of the Crypto.com token itself, as all transactions there use Crypto.com tokens. Below is a picture of how the total value locked has developed:
Random observations after a week of getting acquainted. My perspective is that of a boomer with a Royal Indigo card, due to the benefits. I wasn’t considering any potential increase in value, but rather the monetary benefits/interest.
When buying through the app, the exchange rate is about 0.5-0.6% worse than buying from the exchange if you bought from the order book, but there are 0.4% fees there if you haven’t staked CRO. Moving crypto back and forth and crypto dust cause some hassle.
Interest products are really attractive. 6.5% for Bitcoin with a 3-month lock. 12% for stablecoins. 12.5% for some smaller cryptos. Supercharger is flexible, but the returns are much more random; I don’t have much experience with it yet.
It’s possible to get diamonds from missions, and with diamonds, you get crypto. So far, the result from 11 chests is 8 CRO coins, which is about 4 euros. If you buy $500 worth of crypto in a day, you get 65 diamonds. For $20 a day, you get 5 diamonds. From this, one can calculate a 0.24%/0.46% discount on purchases with perfect utilization. Even just opening the app daily earns you a few cents. It’s worth noting that buying USD Coin with a credit card accumulates these; you can buy with a credit card without fees for the first month. This diamond game actually makes smaller purchases from the app competitive.
~Boomer here too. A bit disappointed with Mintos.com, I’m also moving a bit towards crypto.com. (interest rates are falling, some losses have started to appear recently)
According to the internet, you don’t practically get a reasonable income from Superchargers (on average 1/10 of the max → e.g. if 20% is promised, probably 2% or something).
I myself am going in with an interest product angle, 14% on stablecoins (with that bigger stake) feels a lot better than 10% on Mintos nowadays (where there are still quite often credit losses thanks to e.g. Turkey and earlier the corona pandemic). There is also counterparty risk (and a slight currency risk), but it’s hard to see EUR winning in the long run against a basket containing USD-CAD-GBP.
The whole Curve+Visa+benefits scheme has been made very attractive; the biggest question was whether to put 3.5k or 35k into CRO but I ultimately decided on the latter because of the 2% higher interest rate (and of course more cashback from Visa is a plus but doesn’t affect as much as the 2% higher interest rate in almost all staking). I see that 35k as a risky investment but there seems to be a buzz around CRO and I have put money into crazier things (and often regretted it, note to self).
Curve works in several places, Apple Pay, and if you put in enough money, you get an additional 1% cashback (and also 1% cashback for 1 month with referrals).
I’m not entirely sure yet if I want to pay for Curve or not, but even the free Apple Pay has been worth it since my own bank doesn’t support it right now.
Hi, I’ve been thinking about investing in crypto and buying a card through Crypto.com. I have to say the benefits from the card are really good, like the cashbacks and so on. But this sounds too good to be true. How can Crypto.com offer such benefits to its users, what’s their earning logic, and is it sustainable? There’s a lot of discussion on different forums comparing it to a Ponzi scheme. Any opinions?
Yeah, you can get a referral code via private message here too if someone needs free money.. 
