Crypto.com is a crypto exchange platform. CRO coin is the platform’s native cryptocurrency. Let’s take a closer look at what Crypto.com & CRO are and how they work.

What is Crypto.com? 

Crypto.com is a cryptocurrency exchange platform that supports investing, staking, and more. On the exchange, users can trade BTC, ETH, CRO, SOL, SHIB, DOT, and more. The Crypto.com exchange app is available on the Apple App Store and the Google Play Store.

What Crypto.com Chain?

Crypto.com Chain is one of Crypto.com’s products. It is an open-source, permissionless blockchain. The Chain is a completely decentralized network with minimal fees and high speed. It’s designed to promote the global adoption of cryptocurrencies and blockchain technology and to increase users’ personal control of money.

The Crypto.com Chain primarily serves to power the Crypto.com Pay mobile payments app. Through the Chain, users can complete transactions including sending, receiving, and staking tokens. Users can also cast votes on proposals aimed at improving the Chain.

What is Crypto.com Coin (CRO)? 

Crypto.com Coin (CRO) is the native crypto token of Crypto.com Chain. According to CoinMarketCap, CRO’s current market rank is #15. CRO owners can stake their tokens on Crypto.com Chain and validate transactions on the blockchain. In return for validating transactions, validators earn fees.

The total supply of CRO tokens is limited to 30 billion coins (after 70 billion CRO were burned in 2021). All of the tokens were created when the blockchain went live, meaning it is a non-mineable cryptocurrency.

What is a Crypto.com Visa Card?

The Crypto.com Visa Card is a prepaid card that needs to be topped up using bank account transfers, a credit/debit card, or cryptocurrency. To apply for a Crypto.com Visa Card you’ll need to first stake CRO tokens for a period of 180 days.

To do so, create a Crypto.com App account, complete the verification process, and purchase CRO tokens. The amount of CRO you’ll need to stake will depend on the card tier you wish to apply for. Go to ‘Card’ in the App, select your chosen Crypto.com Visa Card, click ‘Stake CRO’, and follow the instructions.

Card rewards will be paid in CRO and deposited into your Crypto.com Crypto Wallet.

Fees vary depending on your card tier, so be sure to check these before applying for a card.

Tiers: 

  • Obsidian: stake $400,000 USD to receive 8% CRO Rewards
  • Frosted Rose Gold & Icy White: stake $40,000 USD to receive 5% CRO Rewards
  • Royal Indigo & Jade Green: stake $4000 USD to receive 3% CRO Rewards
  • Ruby Steel: stake $400 USD to receive 2% CRO Rewards
  • Midnight Blue: stake $0 USD and receive 1% CRO Rewards

How to create a Crypto.com account

To create an account on Crypto.com, download the app from the Apple Store or Google Play Store. Then open the app, enter your email address, and create a password. You’ll need to verify your Crypto.com account and link a payment method. Then, your account is ready to use.