Staking Coins To Earn Interest

Staking means that you lock your coins up for a period of time and, in exchange, earn interest on them. The rates that you'll earn varies with the length of time your coins are staked. Interest is paid in the coin that you stake rather than in USD or other fiat money.

The app feature that allows you to earn interest is called Crypto Earn. Note that Earn is not available to Hong Kong SAR, Switzerland, or Malta residents.

You'll receive a weekly payout on your simple interest earnings. The app will show how much your staked coin was worth at the time of payout.

Because your staked coin is locked up based on the term you've selected, it doesn't really matter what the coin's price does (i.e., whether it goes up or down) because you can't sell it. This can be good and bad. But it does help you avoid panic-selling at the bottom.

Terms are one and three months. There is also a flexible term option. Longer terms pay more and the flexible option pays the least. You'll get higher rates if you stake 50,000 or more CRO. Staking 500,000 or more CRO will earn an additional 2%.

Use Your Crypto In The Real World

One of the most unique features of Crypto.com is that it allows you to use your crypto in the real world. Often crypto owners are restricted to exchanging coins with other investors.

But with Crypto.com, you can use your crypto to buy physical goods and services.This is possible because Crypto.com allows users to load their crypto onto one of the platform's various Visa cards.

At least that's what it looks like on the surface. Since most merchants still don't accept crypto as payment, Crypto.com will still need to convert it to USD before it hits your card. Basically, they're just automating the process for you.

Card Rewards

Crypto.com offers several different card tiers. Each tier has a different CRO reward amount and is based on the amount of CRO staked on the card. CRO rewards are issued when you spend using the card.

You can also receive credit on popular subscriptions such as Spotify, Netflix, and Amazon Prime. The highest reward rate occurs when you stake 5 million CRO, which provides an 8% reward.

Are There Any Fees?

Yes, Crypto.com has a complex maker/taker fee structure for trading crypto. Depending on your 30-day trading volume, the maker fee can range from 0.036% to 0.10% and the taker fee can range from 0.090% to 0.16%.

Also, it should be noted that the minimum and maximum withdrawal fee is different for each type of cryptocurrency. It's best to read about the fee structure in detail on their website.

Crypto.com Exchange

The beta version of the Crypto.com Exchange was launched in November 2019. If you're already a Crypto.com app user, then you can sign up in just a few clicks.

This allows you to trade popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

You won't be charged high fees either. Even if you don't stake anything and do a small amount of trading, you'll only pay 0.10% in trading fees if you're a market maker or 0.16% if you're a market taker.

If you signup on the Crypto.com Exchange now, you'll get a 2% deposit bonus on all cryptocurrency deposits for the first 30 days.