Crypto.com is a cryptocurrency exchange that supports cryptocurrency trading, staking, wallets, DeFi, NFTs and more. This exchange offers more than 250 different currencies, reasonable fees and discounts for investors holding Cronos (CRO). The Crypto.com ecosystem is immense, making it a great choice for anyone interested in cryptocurrency. Reason enough to share our experience in this card review.
Because we took a close look at what Crypto.com has to offer. This review focuses especially on the aspects of security, fees and service offerings. This Crypto.com Visa Card review is intended to show whether the Crypto.com card is worthwhile and what there is to consider for investors.
General information
The Crypto.com app and exchange works in principle like any other provider. To create an account at Crypto.com, you need to enter your first name, last name, place of residence, email address, date of birth and password. Attention: If you enter incorrect data here, you will cause problems with deposits and withdrawals later on. A Crypto.com app registration is initially even possible without proof of identity. However, the functions of an unverified account are very limited, especially if you’re willing to use Crypto.com credit card.
Is Crypto.com reputable and safe?
Security investors should use a platform that is also secure. First of all, it is important to note how and also where the customers’ money is kept. Moreover, trustworthy encryption should be against. At Crypto.com, Crypto.com credit card customers will find numerous security features, such as multi-factor authentication and anti-phishing measures.
User security also includes password, biometric, email, phone and authenticator verification. According to Crypto.com, security is built into every aspect of its business, and systems are stress-tested by leading security firms. For instance, it also relies on the security services of Hacker One. This is a so-called “bug bounty program” through which IT security experts receive rewards for identifying vulnerabilities. Crypto.com is also insured for 750 million pounds against damage or theft and works with Ledger to store customers’ cryptocurrencies in cold storage.
Crypto.com Offer
As if all this was not enough. In Crypto.com you can additionally exchange many currencies with a crypto debit card. Bitcoin, Litecoin, Ether, Ripple and Binance Coin are already integrated, with others coming soon. What we like most about the app – it’s geared towards a layman. Because without a trader education, your entry into investing is quite simple. The app gives you three strategies to choose from. You decide whether you want to take small risks and make small profits or whether you want to take big risks and make big profits. When you’re spoiled for choice, you also have a balanced option. Zack, Zack, your first portfolio is ready.
Crypto.com Visa Card Fees
One of the most frequently asked questions about the Visa Card is what are the fees associated with it. The answer depends on the type of card you have, the amount of spending you do, and the currency you use. Here are some of the main fees to consider:
- Annual Fee: There is no annual fee for any of the Crypto.com Visa Cards, except for the Obsidian card, which has a fee of 5,000 pounds per year.
- ATM Withdrawal Fee: You can withdraw up to a certain amount of fiat currency from ATMs for free every month, depending on your card tier. The limit ranges from 200 pounds for the Midnight Blue card to 1,000 pounds for the Obsidian card. Any amount above the limit will incur a 2% fee.
- Interbank Exchange Rate Fee: You can up your crypto debit card to a certain amount of interbank exchange rates for free every month, depending on your card tier. The limit ranges from 2,000 pounds for the Midnight Blue card to unlimited for the Obsidian card. Any amount above the limit will incur a 0.5% fee.
- Foreign Transaction Fee: There is no foreign transaction fee for any of the Crypto.com Visa Cards, meaning you can use your card in any country without paying extra fees.
- Cashback: You can earn up to 8% cashback on all eligible spending with your Visa Card, depending on your card tier. The cashback is paid in CRO, the native token of Crypto.com, and can be redeemed or staked for more benefits.
Crypto.com Visa Card Cashback Function
One of the benefits of using the Crypto.com Visa Card is that you can earn cashback on every purchase you make with the card. The cashback function works as follows:
- You need to stake CRO, the native token of Crypto.com, on the Crypto.com App or Exchange to unlock higher cashback rates and other perks.
- The cashback rate depends on the card tier you have, ranging from 1% to 8%.
- The cashback is paid in CRO and is instantly credited to your Crypto.com App wallet after each transaction.
- You can spend, save, or stake your CRO as you wish. There is no expiry date or limit on how much cashback you can earn.
Crypto.com Card Tiers
In Crypto.com Card there are different levels of Visa debit cards that offer various benefits and rewards to the cardholders. The tiers are based on the amount of CRO (the native token of Crypto.com) that the cardholders stake on the Crypto.com app or exchange. The higher the tier, the more benefits and rewards the cardholders can enjoy, such as cashback, Spotify and Netflix rebates, airport lounge access, and more. The card tiers are:
- Midnight Blue: No CRO stake required, 1% cashback, 200 pounds monthly ATM withdrawal limit, and a 2000 pounds monthly interbank exchange rate limit.
- Ruby Steel: 5,000 CRO stake for 180 days, 2% cashback, 400 pounds monthly ATM withdrawal limit, and 4000 pounds monthly interbank exchange rate limit, plus Spotify rebate.
- Jade Green/Royal Indigo: 50,000 CRO stake for 180 days, 3% cashback, 800 pounds monthly ATM withdrawal limit, and no balance transfer credit card rate limit, plus Spotify and Netflix rebates, and airport lounge access.
- Icy White/Frosted Rose Gold: 500,000 CRO stake for 180 days, 5% cashback, 1000 pounds monthly ATM withdrawal limit, and no interbank exchange rate limit, plus Spotify and Netflix rebates, airport lounge access, and Crypto.com Private membership.
- Obsidian: 5,000,000 CRO stake for 180 days, 8% cashback, 1000 pounds monthly ATM withdrawal limit, and no interbank exchange rate limit, plus Spotify and Netflix rebates, airport lounge access, Crypto.com Private membership, and bonus rewards on the Crypto.com Exchange.
How to Get a Crypto.com Card?
Of course, after reading about all the benefits of a Crypto.com card a lot of crypto investors are willing to get it as soon as possible. In the last part of our review let’s take a look at the steps on how to get a card below:
- Download the Crypto.com app and create an account.
- Verify your identity by uploading a photo of your ID and a selfie.
- Choose the card tier that suits your needs and budget. You can compare the features and benefits of each card on the app or the website.
- Stake the required amount of CRO tokens for the card tier you selected. You can buy CRO tokens on the app or in an exchange.
- Wait for your card to be approved and shipped to your address. You can track the status of your card on the app.
- Activate your Crypto.com card and enjoy its perks, such as cashback, free Spotify and Netflix, airport lounge access, and more.
Conclusion
Crypto.com is a beginner-friendly crypto trading platform that makes it super easy to acquire, exchange and spend crypto. In addition, one can take advantage of the wide variety of other crypto services such as the Crypto.com Exchange, Crypto.com DeFi Swap and Wallet, Crypto Earn, and Crypto.com Pay, making Crypto.com an excellent one-stop shop for everything crypto.
Moreover, Crypto.com offers a huge selection of digital assets and also has very affordable fees. The main reason why someone might not want to use a Crypto.com card is fear of centralization. As a centralised entity, there is the inevitable possibility of human imperfection. From a security bug to a rogue employee, many cryptocurrency enthusiasts prefer to use decentralised blockchain-based alternatives that only require reliance on open-source code. Still, Crypto.com card is considered the most secure centralised card on the market. We hope our trading review will help you on your trading path!
F.A.Q.
A Visa Card is a prepaid debit card that allows you to spend your cryptocurrency anywhere Visa is accepted. You can choose from different card tiers, each with its benefits and rewards, such as cashback, airport lounge access, and Netflix or Spotify rebates. To get a Visa Card, you need to stake a certain amount of CRO, the native token of Crypto.com, on the Crypto.com App for at least 180 days. You can also top up your card balance with fiat or cryptocurrencies, and enjoy low fees and competitive exchange rates. A Visa Card is a convenient and secure way to use your crypto for everyday purchases while earning rewards and perks along the way.
To get a Crypto.com Card, you need to follow these steps:
1. Download the Crypto.com App and sign up for an account.
2. Complete the identity verification process (KYC) and add a fiat wallet.
3. Stake CRO tokens for at least 180 days to unlock the card tier of your choice. The higher the tier, the more benefits you can enjoy, such as cashback, Spotify, Netflix, and Amazon Prime rebates, airport lounge access, and more.
4. Once your staking period is confirmed, you can order your card from the app. You will need to provide your shipping address and select your preferred card design and colour.
5. Wait for your card to be approved and shipped. You can track the status of your card in the app.
6. When you receive your card, activate it in the app and set your PIN. You can also top up your card balance with fiat or crypto.
7. Enjoy spending with your Crypto.com card and earn rewards!
The Visa Card is a prepaid card that allows you to spend your crypto assets anywhere Visa is accepted. You can use the Crypto.com app to convert your crypto to fiat currency and top up your card balance. The card supports over 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Binance Coin, Cardano, Polkadot, and many more. You can also enjoy up to 8% cashback on your purchases, as well as other benefits such as free Spotify, Netflix, and Amazon Prime subscriptions. To see the full list of supported cryptocurrencies and card perks, please visit the official website page.
Yes, you can earn rewards with your Visa Card. Depending on the card tier you have, you can earn up to 8% cashback on every purchase you make with your card. The cashback is paid in CRO, the native token of Crypto.com, which you can use to stake, trade, or spend on the Crypto.com app or exchange. You can also enjoy other benefits such as free Spotify, Netflix, Amazon Prime, and airport lounge access with your card. To get the most out of your card, you need to stake a certain amount of CRO for at least 180 days. The higher the amount you stake, the higher the card tier and rewards you get. You can find more details about the card tiers and rewards on our website or app.