Hello, today (February 25, 2021) i received my Crypto.com VISA Card :)
I was happy to receive it because I expected to receive it next week. I activated my card on the app, took screenshots to complete my presentation of Crypto.com on my site.
And of course I tested it immediately after making a small purchase of 2,47 €. Everything worked very well : I received an email indicating that I had made a purchase and I received 2% cashback paid in CRO.
I bought CRO on (DD/MM/YYYY) :
02/02/2021 : 5000 CRO for 263.27 € (5000 CRO that I had to block to receive my VISA card and a bonus of $ 25 paid in CRO)
03/02/2021 : 5000 CRO for 280.83 € (5000 CRO that I transferred to the Crypto.com exchange to receive a bonus of $ 50 paid in CRO and to do Staking)
10/02/2021 : 10000 CRO for 630.46 € (I added these 10,000 CRO to do Staking on the Crypto.com application and thus have funds for my VISA card)
Note that you can directly deposit FIAT if you do not want to convert crypto into FIAT.
So i bought 1 Cro for 0.058728 €
I have a total of 15,000 CRO in staking : 5,000 CRO on the Exchange and 10,000 CRO on the application. At the start of August, the 5,000 CRO blocked to receive my VISA card will be released and I will have 5,000 more CRO available for staking.
Now, all my expenses (or a large part : Zero-fee Monthly ATM Withdrawal Limit : 400 Euro) will give me 2 % Cashback paid in CRO + Staking.
And i have 1100+ CRO available (the $ 75 Bonus) on the exchange to possibly make trades. I haven't done any yet because I don't have enough time at the moment.
I can get a refund for a Spotify subscription, but I do not plan to do so because I'm not interested in Spotify.
There is also Netflix for a higher level VISA card giving 3% Cashback (the maximum being 8% cashback) but I can't afford to invest that much.
I have made other investments but Crypto.com has been one of my biggest investments but this investment should pay off over time.
Unless there are very negative announcements for our favorite cryptos. As I pointed out in one of my previous posts (Economic Transition) :
"On the other hand, we can expect stronger measures against our favorite cryptos".
In view of some statements from some people, I would not be surprised if new regulatory laws are passed in the near future.
In the last few months, I have put almost all of my available money in crypto (without getting in trouble for my everyday spending either).
It's a risk I'm taking because anyway I didn't have much so I wouldn't lose much.
But this is not a risk that I advise you to take.
My advice is : The crypto market is young, volatility is high, do your own research and measure the risks before making a decision.
Thanks for reading my post and happy earnings :)
Cryptowido link : Crypto.com