Crypto.com’s exchange platform can be accessed through the firm’s web interface, via API, or through the Crypto.com mobile app. In addition to top notch security and excellent liquidity, the trading platform also offers to traders, competitive trading fees as well as an institutional-grade custody service through a partnership with Ledger Vault.

Security

Crypto.com pulled out all the stops in their quest to develop, what is arguably, the best trading platform in the digital assets sphere. The crypto service provider enlisted digital security firm, Kudelski Security, who gave the hatchling exchange a thorough look over throuh a rigorous assessment process.

The platform was also put through it’s paces by way of a battery of tests to ascertain whether or not it was up to scratch. The Crypto.com exchange went through a series of penetration tests, risk control reviews, to make sure the trading platform’s security infrastructure made the grade.

Supported Assets

The exchange initially supports a few tradable digital assets and coins, with plans to add more assets and pairs in future. It currently supports BTC, ETH, LTC, XRP, XLM, EOS, USDT as well as Crypto.com’s native coins, CRO and MCO. The platform currently features support for BTC, CRO and USDT based pairs.

Fee Structure

Trading fees on Crypto.com Exchange are so competitive they can be considered market beating. Fees as as low as 0.008% for market making trades, and 0.02% for taker trades. High volume accounts will receive the benefit of discounts derived from their trading volume. When paired with CRO staking discounts, they will be able to trade virtually for free.

Liquidity

Despite being a new platform, Crypto.com exchange enjoys deep, global liquidity – owing to a tie-in of it’s parent firm’s Vortex Liquidity Engine. This allows users access to robust liquidity pools and execution prices.

Powered By CRO Token

Crypto.com’s CRO token powers the exchange, acting as the platform’s native exchange token. As with other exchange token’s it comes packed with a number of utility benefits.

Staking CRO will, as mentioned, earn the user with trading fee discount of up to 100%. In addition to that, staking will afford users the benefit of a 20% per annum yield. Users who hold CRO tokens will also receive priority token allocations whenever new tokens are listed through the platform’s The Syndicate fund raising facility.

Platform Interface

Crypto.com Exchange’s offers an elegant, and easy to navigate interface. The charting experience is a cut above the rest, as charts are powered by professional charting platform, Trading View, which isn’t short of all the tools necessary for top level traders to assess market conditions, make decisions and execute trades appropriately.

Conclusion

The Crypto.com team has pulled out all the stops in the construction of their trading platform and have obviously made a lot of considerations. The Beta version is so good that one would believe it to be a complete, gold standard exchange.

If you want to find more info about Crypto.com (CRO) Coin And App, read our article “Crypto.com (CRO) Coin And App Review“.

The post Crypto.com Exchange Review appeared first on Bizznerd.

The operation was subsequently rebranded after the acquisition of the Crypto.com domain name, which had been registered in 1993 by renowned cryptographer, Matt Blaze.

With a name and a new goal – to accelerate the transition to full scale cryptocurrency use – the start-up set forth to make its mark on the industry, with a sleuth of goodies available on the offered on platform.

Crypto.com  CRO Platform Overview

The Crypto.com platform was conceptualized and designed to take on some of the issues seen as being the most significant stumbling blocks on the way towards mainstream cryptocurrency adoption. These – as the platform sees it – are, accessibility and the good old ease of use that the traditional finance sector has gotten most of us used too.

To tackle the aforementioned issues, Crypto.com offers the end user a plethora of products. These are, a cryptocurrency wallet, a prepaid card powered by VISA, an investing service, a credit service, and a service where the user can earn cryptocurrency. All interlinked through the platforms two native tokens, MCO and CRO.

Registration

Download your app from Google Play or App Store. Afterwards, fill out a simple registration form. If you use below code during sign up process – we both can get $25.

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However let me warn you. You will see $25 worth of CRO token in your wallet, but you will not be able to use it until you purchase at least 2500 CRO and hold them for six months. At moment of writing of this article 1 CRO costs around 0.0794.

The Wallet Service

First things first. The wallet service here is quite the same as wallet services offered by other platforms. It serves as a convenient place to purchase, store, sell, send, and keep track of your digital holdings. More specifically, the user can choose from more than 50 cryptocurrencies and buy with seven supported fiat currencies.

A VISA Powered Debit Card

This is possibly the most exciting of all. The MCO visa card was first announced to the world during November of 2018. A partnership between Crypto.com and Metropolitan Commercial Bank (MCB), that offers the user a means to spend cryptocurrency anywhere that accepts VISA card payments. That would mean more or less anywhere.

There are 6 colour coded card types on offer. With each tier affording the is own “level” of added benefits. These include cash back on a Netflix subscription played for by the card. As you may have guessed, the higher up you go , the more you’ll have to put in to get it started, this comes in the form of a required purchase of a certain amount of MCO, and holding it for a period of no less than six months.
Card Type Staking Fee MCO Rewards on card spending.

• Midnight Blue – N/A : 1% spend back
• Ruby Steel – Stake at least 50 MCO for six months : 2% spend back
• Jade Green – Stake at least 500 MCO  for six months : 3% spend back
• Ice White -Stake at least 5000 MCO for six months : 4% spend back
• Obsidian Black -Stake at least 50000 MCO for six months :5% spend back

Investing product

A simple and less intimidating way to start cryptocurrency trading. An interested user can start with an initial investment of as little as $20 into a fund. There after the user would answer a few simple question for the purpose of determining whether they are risk averse or otherwise. Thus determining which investment approach would better suit you.

The strategies used by this feature are – as per Crypto.com – optimized for three to six month holding period, however, the funds can be withdrawn at any point. Another noteworthy aspect of the service is that the user is only charged a fee for profits earned.

Credit Service

As the name suggests, this is a way of getting funds from Crypto.com on loan. Put in simple terms, the user can put down crypto assets as collateral on a loan played out in stable coins TrueUSD and PAX, so there’s no need sell off assets whenever the need arises.

There are several rewards systems. Amongst other, you’ll get a certain discount on your spending’s on your VISA crypto card. Also, you will get $25 worth of CRO token in your wallet, for every referral that purchase at least 2500 CRO tokens.

Earn Product

Using this passive service, the user can earn up to 8% p.a on their cryptocurrency. This service works best for users who have staked MCO tokens to their cards. If the user stakes 50 MCO and above, he/she can earn interest on other cryptocurrencies held in their Crypto.com wallet.

Conclusion

Crypto.com seems to have done a great job of putting together a host of services that could make cryptocurrency mass use a lot easier, even for those who are less technically astute. Whether or not the masses take to it is a secret that only the passing of time can reveal.

If you want to find more info about Crypto.com Exchange, read our article “Crypto.com Exchange Review“.

And if you use my referral link here to sign up, we will both get $25 each.

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The post Crypto.com (CRO) Coin And App Review appeared first on Bizznerd.