If you deal with cryptocurrencies, you sure know how hard it is to trust just any crypto platform. There are a lot of websites that promise a lot when it comes to crypto trading and turn out to be fraudulent. Crypto.com sure has a lot to offer. It kind of makes it look too good to be true. We would be dissecting every aspect of this crypto platform to ensure that your decision to trade with them is a right one.
Crypto.com lauds themselves of being the best place to buy, sell and pay with cryptocurrencies. You not only trade with cryptocurrencies on this platform, you also get access to loans. What this means is that, you can get fiat currencies with your cryptocurrencies as collateral. Crypto.com seems to be offering the best of both worlds.
Before we get carried away, these are self acclaimed services. Our job here is to confirm or annul their claims. Are they on their way to being a credible pioneer or a fraudulent one?
Who owns Crypto.com?
The company seems to be headquartered in Switzerland but operating in Singapore and Hong Kong. There is no knowledge of who is behind the platform or what company the platform is attributed to. This is kind of a red flag when it comes to our reviews. We like to know that credible people are behind things that involve money. At least someone has to be held responsible when things go south. Anyways, it is not a 100% surety that the platform is not credible. They do have a cooperation with Visa so, we guess that amounts to something at least.
Also, their website has a help option for investors experiencing difficulties. We can also assure that their website and social media platforms are very responsive. Customers always trust a responsive brand.
Let’s dig deeper shall we?
How does Crypto.com Work?
As revealed earlier, crypto.com offers buying, selling and paying with cryptocurrencies. Asides these three, they also offer some added bonuses. There is a wallet on the platform where investors can save their cryptocurrencies and earn interest up to 8% p.a every 30 days. Most importantly, they seem to offer a bridge between the crypto world and the financial world. There are options of loans for investors who deposit cryptocurrencies and get real cash.
The commendable thing about their website is the ease with which it can be navigated and processes can be done. It doesn’t take experts to start trading and saving with their website. Worth mentioning are their visa cards. This seems to be like the first of it’s kind. We don’t think there is any crypto trading site that offers the use of visa cards. Hence, crypto.com seem to be pioneers in this area too but are they credible? We’ll find out soon enough.
The visa cards come in seven different colors; obsidian black, frosted rose gold, icy white, royal indigo, jade green, ruby steel and midnight blue. The different colors come with different offers and bonuses and up to 5% back on MCO rewards. The debit card allows holders to trade and buy cryptocurrencies in real time and at the best rate possible.
To start with Crypto.com, all you have to do is register and deposit cryptocurrencies into your wallet. The account and visa cards are both free. There is a withdrawal limit of $200 and $2000 for interbank transfers with the visa card. Although, these limits depend on the type of card a person is holding. Crypto.com also offer tokens which are ERC20 tokens that can be stored in any ethereum wallet.
While trying to sign up, some people were concerned about the platform asking them for ID verifications. We all know how skeptical we can become when trying to make online transactions, especially when they involve money. On research, we got confirmation that crypto.com does not use information given. The ID requirements are only a conformation to applicable rules and regulations guiding online transactions.
Customer reviews are the most important when it comes to reviews. Who best to hear from than from the people who have experienced using such platform first-hand. We went all out to get reviews from people who have traded with Crypto.com and here is what they had to say:
The first reviewer says “ The app is getting stronger on each update. The product looks secure and stable. The app is on a par with others for fees but I believe they are working to being the cost down. Been waiting for the visa card for some times now but I know it’ll be worth the wait. 100% behind the MCO program.”. This reviewer sure sounds like they have a certain bias towards the brand. Let’s see another shall we?
A second reviewer says “ This feels like a great product. Other than a few delays, they seem to be keeping up to their promise. They are quick to answer questions on their slack which I think is fantastic. Most companies test to keep to themselves and don’t want to casually answer customers questions.”. Well, that is a five star for good customer services given to crypto.com. we guess the customers do like crypto.com
Dealing with cryptocurrencies is a big deal. The market is expanding into a billion dollar industry. Crypto.com does seem to be making it big in this industry and it is no secret as to why. Most crypto platforms only offer one of what crypto.com is offering. What Crypto.com has done is to make their platform relevant for every business transaction you can ever do with your cryptocurrencies. They didn’t just stop there but went along in creating a link between cryptocurrencies and fiat money. No, they didn’t still end there. They created visa cards that would make transaction easy, fast and convenient. Isn’t that laudable?
From our review you must have gathered enough information to tell you that crypto.com is indeed functional. It wouldn’t cause you harm to profit from a credible source.