Crypto.com: A Well Equipped Platform For Cryptocurrency Trading And Spending
Equipped with amazing tools that take crypto trading to another dimension, Crypto.com seamlessly integrates all functionality of legal tender and more to the digital currency world.
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The revolution of Cryptocurrency and Blockchain Technology has spread into various business sectors over the last decade. There is almost nothing you could do with fiat currencies that could not be done with digital currency nowadays. In just a few years, cryptocurrency has reached the same level as fiat currencies and is in the position of overtaking it anytime.
About 7 years ago, there were limitations to what you could do with cryptocurrency. It was more or less for trading purposes. Buy the few you could as the price was low, HODL for some time and sell for fiat when the value rises - that's what crypto was all about then. In order to be able to convert them to fiat, there was a need for converting Altcoins to Bitcoin first. As well, there were limitations to cross-chain activities. Most blockchain and exchanges lacked cross-chain functionalities. In a nutshell, trading crypto was close to boredom back then. As time moved on, things change.
Now we have easy to use cross-platform wallets, debit cards, mobile applications and other resources that bring more functionality to crypto exchanges and platforms. Digital currency is becoming the ideal currency for trading and business transactions and one of the platforms responsible for this is Crypto.com, also known as Monaco. With Crypto.com, digital currencies can be used to access lifestyle activities anytime anywhere across the globe.
Crypto.com got it all
Two years of hard work finally delivered a worthy project for the highly-priced domain; Crypto.com. Monaco, the enterprise owning Crypto.com has spent a lot of time and resources to bring about its main project - a Crypto Card that could be used to carry out debit and credit transactions anytime anywhere without constraint. That is not all. Crypto.com is a place where you can buy, sell, spend without selling, transfer, track and invest in digital currencies. This is indeed a perfect and complete platform for Cryptocurrency enthusiasts.
Crypto.com seamlessly incorporates all activities of legal tender on its all-in-one digital currency platform. This platform is equipped with everything you need to make use of digital currency in running things you do with fiat.
On Crypto.com, you can invest and access quant trading strategies. That is not all, with simple lines of code, you as a merchant can tap into global digital currencies economy and receive them instead of fiat as a form of payment for your sales. In all, Crypto.com has in place a universal wallet, mobile application to manage the wallet, debit and credit cards, investment and payment functionalities.
Crypto.com products
Below are some of the tools responsible for the functionality of Crypto.com.
Wallet app
Monaco wallet app controls all the activities you can do on the platform as a user. It allows you to manage your digital assets. Through it, you can buy, sell, access and spend your funds. It is a perfect instrument to control a massive platform with such dynamic and numerous functionalities.
Signing up on Crypto.com app; available for both Android and iOS users is pretty easy. It only requires an email address and phone number. After doing the KYC/AML verification, you will be presented with an opportunity to earn a sign-up bonus which is usually accessible a few days after registration.
Universal wallet
Crypto.com wallet is regarded as a universal wallet because it allows cross-chain and multi-platform transaction activities without any problem. You can transfer from this wallet to others, receive from other exchanges and wallets and it manages your digital assets portfolio. Transferring from your wallet to other Monaco does not incur any fee so also is receiving from others. Conversions among digital currencies do not attract fees. There are some goodie packs where you access bonuses as you trade your digital currencies on the platform.
Cards
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Monaco is well known for its major project - Cryptocurrency Card. The arrival of Crypto Debit Cards has created a new dimension in the crypto world. With these cards, we can easily spend our digital currencies anytime anywhere, transfer domestically and to international accounts, withdraw fiat from ATMs and pay for purchases both online and offline. Cryptocurrency and Blockchain are doing more than traditional banking could do through their numerous services to human life. This is why digital assets will soon overtake fiat currencies and become the ideal currency for trading in the world.
There are 6 kinds of Monaco card, each with its unique functions and limitations. They are the Obsidian black which gives an unbelievable 5% transactions Cashback, Icy white which gives 4% transactions Cashback, Royal indigo with 3% transactions Cashback, Jade green (2% transactions Cashback), Ruby steel (1% transactions Cashback) and Midnight blue. Some of these cards can be used to subscribe for top multimedia sites services directly, e.g. Netflix and Spotify. They have all the functionality of VISA cards and some exclusive ones as well. Learn more about them here.
Note: I only own a few digital assets on my portfolio, enough to have a basic understanding of Cryptocurrency and Blockchain Technology, not enough to change a life. It will be beneficial for you to do more research about the discussed topic in this article. I've included some links that may help you with that below.