Furthermore, you can get 50USD when you sign up with my referral code! Read all the way to the end to find out how!
"Cryptocurrency in Every Wallet™", the vision of Crypto.com
With over a MILLION app downloads, Crypto.com (formerly Monaco) is a multi-service platform with the mission of accelerating the world's transition to Cryptocurrency. The app is a Cryptocurrency Exchange Platform with services including but not limited to Crypto Earn, Crypto Invest and Crypto Credit. With a convenient mobile application, the Crypto.com app is the easiest way to get into Crypto.
Today, we will only be looking at its MCO Visa Card, which is the company's flagship product and I will let you know how you can get up to 5% cashback on ALL PAYMENTS as well as FREE Netflix and Spotify!
Here's my metal Ruby Red card which I've been using daily for all my Visa payment in stores! Yes, as long as Visa is accepted, you can use the card! I am currently enjoying 2% cashback and free Spotify. So how do you get up to 5% and also free Netflix? Firstly to get a card of your own, you have to stake MCO (it is a type of Cryptocurrency, like Bitcoin) for 6 months. Think of staking as locking, so your MCOs will be locked and CANNOT BE TOUCHED. Literally, you can't touch it at all for the entire duration of the 6 months. Each MCO has a FIAT price attached to it, check real time prices here. By staking different amount of MCOs, you get different tiers of cards with different rewards.
Above are some of the perks that you get with different tiers of cards, ranging from 50,000 MCO for the Obsidian Black card to a free Midnight Blue card. As mentioned earlier, my card is the Ruby Red, with a mere 50 MCOs staked. Following the MCO/SGD rate at the time of writing the article (Start of Oct), 50 MCOs is only a measly $200SGD!! (not forgetting the 50USD that you'll get, which makes the net sum that you're spending even lesser!)
With no fees ATM withdrawal and with interbank exchange rates as well as the ability to hold different currencies on the card, the MCO Visa card is great for travel too!
You can withdraw cash from almost any ATM worldwide that bears the VISA or VISA Plus logo (local restrictions may apply - for Singapore users, ATMs in the atm5 network work).
Here comes the enticing part. The amount of MCOs available is fixed. There will only ever be 31.6 million MCOs, with a circulating supply of 15.8m. Supply is already drying up, with <3.5 million (10.9%) of total supply left on exchanges to be bought. With economics 101, supply and demand as well as scarcity will naturally drive the prices of MCO up. As more and more people stake MCOs and get cards, your 50 MCOs may multiply 2x, 5x or even 10x in value.
On the roadmap is planned expansion to EU coming by the end of the year, and plans to expand to Asia Pacific as well as Australia shortly thereafter. It is hard not to imagine the price of MCO skyrocketing. Who knows, only time can tell!
Rest assured about the reliability/safety of your funds! Crypto.com is one of the first cryptocurrency companies to achieve ISO/IEC 27001 certification. With the recent achievement of PCI:DSS Level 1 compliance, Crypto.com is the first cryptocurrency company in the world to achieve both ISO27001 and PCI:DSS Level 1 Compliance. Crypto.com has also officially achieved Level 3 compliance with the Cryptocurrency Security Standard (CCSS); the highest and strictest level achievable.
In the age of ICO exit scams or failing projects/projects that are not delivering, releasing a workable Crypto product in the form of a Visa card is what makes Crypto.com stand out from the rest of the competition (thousands of altcoins).
What are you waiting for? Sign up HERE (referral code: jvwv7x2k8e) and get 50 USD when you stake at least 50 MCOs.
As this is meant to be a quick and easy introduction, you might still have some lingering questions or even doubts! Do PM me or drop a comment down below and I will try my best to assist you!
*Do note that getting the free blue card will not get you the 50 USD referral bonus, a stake of 50 MCOs is needed. Meaning minimally, you have to get a Ruby Red card.
*As of now a debit card can't be used to top up into the app, with credit cards having expensive fees as well. A bank transfer has overseas transfer fees also and takes time. As such a much better option and one which most people use is Transferwise. Check out how to top up with Transferwise here. (use my referral code to get your transaction fee waived!)
*For Singaporean users, direct debit card deposit will be available by the month of October (if according to schedule)