Crypto.com chain is a leading savings account provider that has been providing clients with cryptocurrency usage and storage services around the world since 2017. And according to the founders, Crypto com wallet offers users many more options than any other crypto brand.

Website CRYPTO.COM

Today, Crypto com chain boasts one of the most powerful platforms, trusted by millions of users around the world. Crypto com also offers a wide range of services related to electronic money, allowing people to use cryptocurrency instead of fiat currency in many areas of life.

Platform Crypto com

Not long ago, the project got its own exchange, which allows you to trade cryptocurrencies on a stable trading platform, which makes Crypto com chain a full-fledged service for working with crypto-finance.

What is Crypto com chain?

Crypto com provides a wide range of services and is a one-stop service for buying, storing and using cryptocurrencies such as Bitcoin , Ethereum and other altcoins.

The company’s goal is the mass introduction of cryptocurrencies into everyday life, and therefore all users of the service have the opportunity to receive bank cards focused on interaction with cryptoassets.

Crypto com project team

There are currently 16 people on the project's core team, and special attention should be paid to the project's CEO, Chris Marszalek, and several other employees who worked together at Ensogo:

Crypto com chain project team

History of Crypto com chain

The company was founded in mid-2017 under the name “Monaco”, after which it was able to raise $26,700,000 during the initial coin offering (ICO) in June 2017. At that time, only MCO tokens existed in the system, which were sold to the first investors in on average $2.89.

It is worth knowing that before Monaco and Crypto com, the same founders worked in another organization called Ensogo. Ensogo was closed in 2016 after the founding of the Monaco project, and according to some users, the Ensogo project was a failure due to unstable cash management and failure to fulfill its obligations to investors. During the entire period of the project, several unexpected layoffs occurred, which ultimately led to a rapid change in public opinion about the company.

All this does not mean that the Crypto com project is fraudulent, but caution when using their products will not be superfluous.

Cryptocurrency MCO and CRO

Cryptocurrency MCO and CRO Since the company is focused on ordinary people, customers are given many opportunities to take full advantage of the cryptocurrencies they own. There are two types of tokens you can use in Crypto com wallet: MCO and CRO.

The MCO cryptocurrency was created at the very beginning, and it is used as collateral for high-end credit cards and unlocking tiered benefits. For example, when you use the Crypto com wallet mobile application and buy MCO cryptocurrency, you can receive discounts and benefits for cash back.

If we talk about the CRO cryptocurrency, it is a new token that is a standardized medium used for exchange. CRO cryptocurrency operates on a standard blockchain and all transactions are transparent.

MCO and CRO cryptocurrencies are traded on many well-known cryptocurrency exchanges such as Bithumb, Binance , Bittrex and OKEx. The vast majority of MCO and CRO cryptocurrency trading volumes come from Bitcoin and Ethereum, with Tether in third place.

Cryptocurrency mining crypto com

Since the project is focused on working with banking institutions and financial companies, the coins were issued in advance and mining of tokens is not provided. You can get MCO and CRO cryptocurrencies either through purchase or by performing certain actions, such as a referral system or cashback.

What can you use the Crypto com service for?

The project's services continue to expand as demand emerges for new features and product lines to meet the changing cryptocurrency world, and even despite the bear market, new features and services are added for users. Currently available:

  • Metal MCO VISA payment cards with five levels of bonus programs.
  • Trading on the crypto com exchange project’s own exchange, where you can buy/sell various cryptocurrencies .
  • Mobile application that integrates with MCO VISA payment cards.
  • Loans that allow you to borrow stablecoins.
  • Earnings, thanks to which you can receive rewards in the amount of 2-16% by storing cryptocurrencies in your wallet.
  • Sending and receiving funds from other system users.

Binance

Debit and credit cards from Crypto com chain

One of the most significant differences between the Crypto com platform and other similar services is the issuance of VISA debit cards:

At various stages of the existence of the crypto com cryptocurrency, competitors such as TenX, Centra and FuzeX tried to offer similar options, but the Crypto com chain project remains one of the few that, after the ICO, is able to successfully issue debit cards with support for cryptocurrencies.

Thanks to debit cards and the earning potential, many users keep most of the MCO and CRO tokens in their accounts, thus receiving credit card bonuses and benefits. This allows you to receive discounts when using popular services such as:

  • Expedia.
  • Netflix.
  • Airbnb.
  • Spotify.

Credit cards from Crypto com are exactly the same cards with the same functionality and capabilities as any other bank cards, but when it comes to cryptocurrencies, MCO VISA cards are much more convenient to use.

The Crypto com chain platform offers all credit card holders cashback of up to 5%, paid in cryptocurrency, and there are 5 levels of MCO VISA crypto cards available to choose from. You can gain access to higher levels by keeping a certain amount of funds in your account:

MCO VISA payment cards of the Crypto com project

Trading on crypto com exchange

In terms of trading, investors and traders can trade 35 market pairs or 50 different cryptocurrencies on crypto com exchange:

crypto com exchange terminal

Mobile application Crypto com chain

With the Crypto com wallet app you can buy and sell 53 cryptocurrencies and 7 fiat currencies. In addition, it provides simplified access to MCO VISA payment cards, making expense management very simple.

Loans for cryptocurrency Crypto com

As for credit lines, users can borrow stablecoins with a loan-to-value ratio of 50%, which makes it possible to borrow dollar-equated cryptocurrencies rather than fiat money.

Earnings in cryptocurrencies Crypto com and Crypto Earn

Savings accounts play a huge role in the larger Crypto com wallet ecosystem and therefore the platform offers a borrowing service or, in simpler terms, a loan that encourages users to hold more assets in their accounts.

Users of the project agree to block their assets while lending through the Crypto Earn service for a certain period, which is known in advance. Crypto Earn supports CRO and MCO cryptocurrencies, as well as other coins and tokens such as:

  • ETH.
  • BTC.
  • LTC .
  • BNB.
  • MKR.
  • XRP .
  • BAT.
  • LINK.

In addition to these tokens, Crypto Earn also supports stablecoins:

  • DAI.
  • USDC.
  • USDT.
  • PAX.
  • TUSD.

At the moment, users receive the highest rates when storing CRO cryptocurrency, followed by stablecoins, and only then volatile assets. In this way you can earn from 2-16% depending on the amount in your account. The storage period for making a profit lasts from one to three months with the possibility of early withdrawal of partial or all the amount.

Sending and receiving cryptocurrency Crypto com

Cryptocurrency security in the Crypto com chain Since sending and receiving funds is quite an important function when using cryptocurrencies, the platform facilitates payment processing, allowing users to deal with cryptocurrencies. Transferring funds in the system is quite simple and does not take much time.

Security in the Crypto com chain project

Crypto com pays great attention to security and is based on the philosophy of active and in-depth protection. This means that the project actively implements security mechanisms into every aspect of its business processes.

Like many other cryptocurrency services, Crypto com chain uses cold and hot storage of funds, so all user and client funds are stored in cold wallets (wallets that do not depend on applications or the Internet and store a copy of the blockchain for future financial transactions), and hot wallets (wallets that rely on an internet connection, such as crypto exchange accounts or online wallets) are used for simple needs such as requesting a withdrawal.

All funds held in hot wallets rely on the security features of Ledger, as the company has a partnership with this global leader in security solutions and infrastructure for blockchain applications and cryptocurrencies.

The company also uses bank accounts to store funds, which are protected and regulated by law. This way, users retain ownership of their fiat money and the company or anyone else cannot seize their funds at will.

Crypto com cryptocurrency partnership with Ledger Vault

Ledger Vault is Ledger's enterprise storage solution that uses hardware security models (HSM) and multi-signature technologies to further protect assets. With the help of Arch Underwriting, the Crypto com chain project has guaranteed direct insurance up to $100,000,000.

As of the first half of 2020, Crypto com has over two million users who benefit from this added security.

Security infrastructure in the Crypto com project

In terms of infrastructure security, the company uses Amazon Web Services (AWS), which allows for features such as:

  • Controlled in-transit encryption using TLS on all services.
  • Use a firewall for networks and web applications.
  • Automatic encryption of all traffic.
  • Business continuity planning to shut down and prevent attacks.

Internal control in the Crypto com chain project

Fingerprint Crypto com chain Crypto com also uses various internal controls to enhance security, which include:

  • A special team that checks all deposits for compliance with KYC, AML and ATF.
  • Review withdrawal requests to identify suspicious transactions.
  • Manual approval of all major fiat and cryptocurrency transactions using industry leading analytics and artificial intelligence tools.
  • Strict access control to funds in both cold and hot wallets.

Additional security at Crypto com

Crypto com chain also uses secure coding, two-factor authentication and withdrawal protection.

The project relies on a secure software development lifecycle, where code is verified by analysis tools and external certifications from Certik and Quantstamp, and then reviewed and monitored by in-house staff.

When it comes to two-factor authentication, the company provides many options such as:

  • Passwords.
  • Biometric verification.
  • Checking email.
  • Phone check.
  • Authenticator.

Pros and cons of the Crypto com chain company

The advantages of the project include:

  • Constantly adding new features and products.
  • Storing all user funds in cold wallets.
  • Possibility of obtaining an MCO VISA payment card.
  • Having your own cryptocurrency exchange.
  • Fast transfer of funds between users.
  • Passive income of 2-16%.
  • Possibility of obtaining a loan in cryptocurrency.
  • Increased security.

The disadvantages of the project include:

  • Directors who formerly ran Ensogo, which was eventually forced to cease to exist due to poor management of investor capital and failure to meet its obligations to clients.
  • Weak distribution throughout the world and the inability to use all available services in some regions despite the popularity of this company.

Crypto com reviews

Since the project is not very “tailored” for a Russian-speaking audience, it is difficult to find reviews about Crypto com in Russian, however, there are quite a lot of Crypto com reviews from foreign users on the Internet:

Crypto com reviews

There are also simpler reviews about Crypto com:

Crypto com reviews

Of course, you can also find negative reviews about Crypto com, most of which were left in 2017, when the project just began its work. At the time, users complained about the unstable operation of the mobile application and poor online support.

How to get a $50 bonus in MCO tokens from Crypto com?

For those who want to start earning money using the Crypto com chain project, you can take advantage of the crypto com 50 bonus and receive $50 in MCO tokens completely free of charge.

To do this, you need to register using a referral link (simple registration does not allow you to receive a bonus):

Receive a $50 bonus after registration

After the registration page opens, you must enter the promotional code 5tytxbn8wg and a valid email and click on the “Submit” button:

Register bonus crypto com 50

After clicking the button, a page will open with links to the mobile application, which can be downloaded from the App Store or Google Play:

Downloading the crypto com application

After downloading and installing the application, you will need to confirm your registration within 72 hours by clicking on the link from the letter:

Confirmation of registration in crypto com 50

You can also download the application yourself, but then before registering you will need to enter the referral code 5tytxbn8wg manually:

Entering referral code in crypto com 50

Then also enter a valid email and also confirm it using the link from the letter within 72 hours.

After completing registration, you will need to undergo a KYC verification (KYC is an identity verification that is provided in every financial institution that deals with customer finances). To do this, you need to confirm your mobile phone number, and then upload your identification documents.

As soon as the verification is completed, an email will be sent to the email specified during registration, and a push notification will be sent to your smartphone indicating that you can receive a $50 referral bonus.

You can find the bonus in the “Rewards” section by clicking on the gift icon on the main screen.

Note: in order to fully use the bonus, you will need to top up your cryptocurrency wallet, after which you will be able to immediately withdraw all the money from your account.

Open a Crypto.com account

Conclusion

As you can see, the Crypto com project is developing rapidly and has very great prospects, which in general can have a positive impact on the entire crypto industry. Reviews about crypto com are also very positive, since the company allows you to earn income in various ways, and the money can be used thanks to MCO VISA payment cards.

However, before you start using this service, it is worth remembering that some features and functionality may not be available for use in certain countries.

Also, despite the fact that CRO and MCO cryptocurrencies are similar, each of them performs its own tasks and this should be taken into account when investing in order to get the most out of the platform, and with a crypto com 50 registration bonus, everyone can receive $50 and use the service for free, test it and then draw your own conclusions.

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Мирослава
Мирослава
10130
как начать торговлю криптовалютой в проэкте Crypto.com? можно регистрировать дэмо счет как у любого брокера бинарных опционов или сразу нужно переходить на реальный торговый счет?
Леша, Не знаю, как на Crypto.com, но на бирже Binance точно есть возможность использовать демо-счет. Тут вы можете протестировать выставление каждого вида ордера и других операция с криптовалютой.
13 October 2022
Answer
Леша
Леша
8460 как начать торговлю криптовалютой в проэкте Crypto.com? можно регистрировать дэмо счет как у любого брокера бинарных опционов или сразу нужно переходить на реальный торговый счет?
07 July 2021
Answer
Корней
8249 Какие ошибки чаще всего допускают трейдеры в процессе торговли криптовалютой в проэкте Crypto.com?
24 June 2021
Answer
Дмитрий
Дмитрий
8118
Какие новые возможности вы для себя открыли торгуя с проэктом Crypto.com?
Ростислав, Не знаю, как для кого, а для меня уже сама по себе торговля криптовалютой на бирже Crypto.com новая возможность, так как никогда раньше этого не делал. Посмотрим как будут результаты, пока только вникаю в этот процесс
16 June 2021
Answer
Ольга
8079
Какие новые возможности вы для себя открыли торгуя с проэктом Crypto.com?
Ростислав, я пока только один раз брала кредит от Crypto.com, но сумма была не большой, а условия не очень жесткими, так что мне все подошло. Но, скажу честно, криптовалютой сложнее торговать, чем бинарными опционами.
15 June 2021
Answer
Ростислав
Ростислав
8012 Какие новые возможности вы для себя открыли торгуя с проэктом Crypto.com?
10 June 2021
Answer
Никита
Никита
8007
Какие преимущества или недостатки вы выделили для себя в проэкте Crypto.com?
Для меня в Crypto.com главное безопасность моих вложений, очень важно что бы инвестиции были безопасными, так как все средства пользователей хранятся на холодных кошельках можно не переживать за свои вложения в криптовалюту. Еще очень нравится возможность пассивного дохода от 2 до 16%, и еще очень много плюсов, неплохая реферальная программа, возможность получения займа в криптовалюте, возможность получить карту MCO VISA. Можно долго говорить о плюсах этой компании их у нее достаточно что бы понять для себя что Crypto.com надежный проект.
Андрей Ким, То есть, лично для Вас у Crypto.com недостатков нет и все прямо идеально. Честно говоря, сложно в это поверить, разве такое бывает.
10 June 2021
Answer
Андрей Ким
Андрей Ким
7969
Какие преимущества или недостатки вы выделили для себя в проэкте Crypto.com?
Для меня в Crypto.com главное безопасность моих вложений, очень важно что бы инвестиции были безопасными, так как все средства пользователей хранятся на холодных кошельках можно не переживать за свои вложения в криптовалюту. Еще очень нравится возможность пассивного дохода от 2 до 16%, и еще очень много плюсов, неплохая реферальная программа, возможность получения займа в криптовалюте, возможность получить карту MCO VISA. Можно долго говорить о плюсах этой компании их у нее достаточно что бы понять для себя что Crypto.com надежный проект.
08 June 2021
Answer
Игорь Зиньчук
7968 Какие преимущества или недостатки вы выделили для себя в проэкте Crypto.com?
08 June 2021
Answer
Вахтан
Вахтан
7939 подскажите, пожалуйста, как можно получить дебетовую карту в проэкте Crypto.com?. Только что хотел посмотеть об этом видео на Ютуб, но там в настройках обозначено как "личное" и недоступно.
07 June 2021
Answer
Ольга
7907 А почему большинство отзывов о проэкте Crypto. com на английском языке?, этот проэкт ориентирован на трейдеров из стран ЕС, а не России? или дело в другом.
05 June 2021
Answer
Глеб
Глеб
7875
Какой криптовалютой выгодно торговать в 2021 году?
Дмитрий, Если сделки краткосрочные, то можете пробовать торговать любой криптовалютой. Аализируйте криптовалюту и ищите хорошие точки входа на рынок. Конечно же успех и положительные сделки приходят не сразу, в любом деле нужен опыт и практика. Проэкт Crypto.com предоставляет для этого все необходимые условия.
04 June 2021
Answer
Евгений
Евгений
7837
Что такое токен MCO от Crypto.com?, это какие то дополнительные денежные средства или я не так понял?
Говоря простыми словами, это как бы монета внутри системы Crypto. com для оплаты комиссии за транзакции, конвертации активов и т. д. МСO может стать инструментом заработка для инвесторов.
03 June 2021
Answer
Tom
Tom
7828
Насколько проэкт Crypto.com популярен среди трейдеров в Украине?, популярна ли криптовалюта среди украинских трейдеров?
alexey, Криптовалютой в Украине занимаеться довольно ограниченный круг трейдеров, но процесс майнинга и торговли криптовалютой все популярнее. С каждым днем, все больше людей узнают о проэкте Crypto.com.
02 June 2021
Answer
Artur
Artur
7823 Что такое токен MCO от Crypto.com?, это какие то дополнительные денежные средства или я не так понял?
01 June 2021
Answer
alexey
alexey
7805 Насколько проэкт Crypto.com популярен среди трейдеров в Украине?, популярна ли криптовалюта среди украинских трейдеров?
01 June 2021
Answer
Едвард
Едвард
7789
Какой криптовалютой выгодно торговать в 2021 году?
Да в принципе на любой волатильной монете можно делать хорошие спекулятивные сделки, другое дело как находить хорошие точки входа и правильно анализировать эту криптовалюту, это уже не так просто. Криптовалюты еще можно поделить на те которые актуальны для спотовой торговли и для торговли фьючерсами, смотря какая ваша изначальная цель, если это инвестиция на среднесрочный - долгосрочный период то стоит выбирать монету исходя из фундаментального анализа, ну а если вы хотите делать краткосрочные спекулятивные сделки внутри дня то можно брать любую волатильную монету а дальше пользоваться техническим анализом для поиска хороших сделок.
Владимир, Не знаю, как Дмитрий, а я пока планирую пробовать краткосрочные сделки открывать в криптовалюте. Хорошо что нашел проэкт Crypto.com Вроде все надежно выглядит. А выгодно ли брать кредиты на этой бирже криптовалюты,? Это вопрос ко всем и буду благодарен за ответы.
31 May 2021
Answer
Владимир
Владимир
7784
Какой криптовалютой выгодно торговать в 2021 году?
Да в принципе на любой волатильной монете можно делать хорошие спекулятивные сделки, другое дело как находить хорошие точки входа и правильно анализировать эту криптовалюту, это уже не так просто. Криптовалюты еще можно поделить на те которые актуальны для спотовой торговли и для торговли фьючерсами, смотря какая ваша изначальная цель, если это инвестиция на среднесрочный - долгосрочный период то стоит выбирать монету исходя из фундаментального анализа, ну а если вы хотите делать краткосрочные спекулятивные сделки внутри дня то можно брать любую волатильную монету а дальше пользоваться техническим анализом для поиска хороших сделок.
30 May 2021
Answer
Дмитрий
Дмитрий
7772 Какой криптовалютой выгодно торговать в 2021 году?
29 May 2021
Answer
Mihail
Mihail
7760
В чем основные преимущства проэкта Crypto.com?
Игорь Зиньчук, у проэкта Crypto.com есть собственная биржа для криптовалют, также трейдер может взять займ в криптовалюте. Мне понравилось, что возможно быстро и без проблем перевести деньги от одного пользователя другому.
29 May 2021
Answer
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