Crypto.com is a leading cryptocurrency exchange that focuses on promoting the mass adoption of cryptocurrencies across all financial sectors. The company came into existence in 2016, having its headquarters in Hong Kong and is co-owned by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao as CFO, CTO, and Head of Corporate Development, respectively.
With BTC’s impressive performance in 2020 and almost breaking its ATH, more people are thinking of investing in cryptocurrencies, but then again, they are apprehensive about which platform to acquire the crypto coins. With the arrival of crypto.com, the wait is over, and investors can rely on the platform blindfolded. Listed below are some of the offerings of Crypto.com that you need to know. Want to know what impact the hard fork will be on CRO and how it would impact its prices? Then do visit our exclusive post on CRO coin price prediction.
This is a new feature introduced on the Crypto.com exchange app wherein the verified users can automatically buy Bitcoin for as low as $50 up to 5 times a month. Users can create recurring purchases of Bitcoin, CRO, along with ETH, BAND, VET, LINK, ADA, XRP, YFI, UNI, AAVE, XLM, and DOT on a weekly, bi-weekly, or monthly basis on the Crypto.com app. This new feature also allows the verified users to apply the Dollar-cost averaging strategy to cryptocurrencies.
This method is an investment strategy that reduces the impact of volatility on the overall purchase by dividing up the aggregate amount to be invested over periodic buying.
The Syndicate & Supercharger
Syndicate is a fundraising platform that allows projects to list their tokens/coins on the Crypto.com exchange. For this, the exchange does not charge any listing fees to the projects. CRO (native token of Crypto.com) stakeholders are also entitled to receive priority token allocation on the exchange at a discount.
The Supercharger is a reliable and straightforward liquidity mining platform created to allow users to deposit coins/tokens to mine DeFi tokens on the Crypto.com exchange and app. Supercharger is listing BTC until 31 Dec. Any verified Crypto.com users except the citizens of Hong Kong SAR, Mainland China, and the USA can participate in the Supercharger events. Verified users will receive rewards in Bitcoin for depositing CRO tokens into the Supercharger pool.
When any Supercharger event is in the “Charging Period,” verified users can withdraw or deposit tokens from the liquidity pool as and when they wish to. The Reward Period begins after users accept then Reward terms during the Acceptance Period. The rewards are based on the liquidity score that the users accumulate during the Charging Period, which is distributed evenly during the Reward Period regularly. If the CRO tokens are not withdrawn within the given time, it will be automatically moved to the next event.
The Syndicate Events
Verified users on the Crypto.com exchange can now enjoy up to a 50% discount to purchase the crypto asset that is to be listed under The Syndicate event. However, certain conditions need to be fulfilled for participating in syndicate events and enjoy the discounts. Like, Users need to stake CRO (native token of Crypto.com) tokens only for participating in the syndicate, and users can only purchase the discounted tokens with CRO. The maximum number of tokens a user can buy depends on the number of CRO tokens staked by the user.
This is yet another exciting feature added to the Crypto.com exchange app where verified users can earn interest up to 6.5% per annum on crypto deposits. Users can deposit their preferred crypto coins into ‘Crypto Earn’ to start accruing daily interest. For stablecoins, the interest rate is 12% per annum. Users can also stake 250,000 CRO tokens or more and receive an additional interest of 2% per annum on fixed-term deposits paid in CRO. However, CRO deposits are not eligible for this additional interest.
Participating in the crypto earn is simple. Users can click on the “Super App Menu” at the bottom of the Crypto.com app homepage. Then select the preferred and the amount of deposit they want to make. Once the deposit is confirmed by the site, interest will start accruing immediately. There are 3 holding term options in Crypto Earn, namely flexible holding term, one-month fixed period, and 3-month fixed term.
Thus, there are plenty of crypto exchanges available, and each one has some exclusive features to offer. Go through the features and the safety measures of each platform and choose the best fit.