Liam Robinson 8 min read time
How to get the most out of Crypto.com
With over 10 million users across 90 countries, Crypto.com is one of the most popular cryptocurrency exchange apps that supports trading, investing, staking, wallets, NFTs, and more. The app is perfect for customers looking for a wide variety of cryptocurrencies and who are ready to start making a passive income via their mobile phones.
Crypto.com stands out as a one-stop shop for all your crypto transaction needs, making it the perfect fit for investors of any experience level. Ready to earn some extra money? We will show you how to make passive income investing via Crypto.com.
Track Coins
When you are ready and set to start investing, the Track Coins feature of Crypto.com will help you select your favorite cryptocurrencies and track their price performance. The app allows you to track over 250 cryptos, and for a newbie, it can be hard to keep track of all the currencies you are interested in.
On top of that, the volatility in the crypto market means prices can rise and dip in a matter of minutes, if not seconds. These wide price swings can cause huge losses, making it essential for investors to stay on top of price fluctuations in the crypto market. With Price Movement Alerts, Crypto.com keeps you up-to-date about all the currencies relevant to you and makes following the hectic crypto world so much easier.
The Track Coins feature gives you an immediate advantage over investors that manually check their crypto coins value during the day.
Crypto Wallet
After deciding which cryptocurrencies you want to invest in, we move on to the Crypto Wallet. Your cryptocurrency is only as safe as the method you use to store it. So when you are planning to start investing in crypto, the first thing you want to do is choose a wallet you can trust.
Crypto.com offers a wallet where you can securely keep all your crypto while being flexible to buy, sell and transfer your digital currencies. The wallet gives you 100% control over your crypto and private keys and does not require you to provide your identity making the risk of a data breach lower. While the wallet of Crypto.com is ideal for investing, you can also use it to buy gift cards or make purchases online with your acquired revenues.
Crypto Earn
We cleared out the first steps for investing with Crypto.com and earning a passive income. But, when you are new to the world of crypto, knowing how to start can be a challenge. It takes a high level of emotional discipline to execute a strategy when investing crypto over and over like a robot. Inexperienced traders FOMO into rallies: the classic recipe for buying high and selling low. Crypto.com has a feature that frees you from this doom scenario and lets you earn interest by choosing to loan your cryptocurrency to others. Borrowers may then use these loans to verify transactions for proof-of-stake currencies or other purposes.
Through Crypto.com’s Earn program, you can receive up to 14.5% interest per year on your deposits of more than 30 cryptocurrencies, depending on the cryptocurrency you select to loan out and the amount of CRO you hold in your account. Rates may change, but you do have the option of locking in your rate (and therefore your crypto as well) for either a one-month or three-month term. You can also choose not to commit to a fixed period and withdraw your crypto at any time.
You’ll receive a weekly payout on your simple interest earnings. Allocate your preferred crypto into Crypto Earn to start accruing rewards daily to grow your crypto assets and increase your passive income.
NFT
Have you ever thought to yourself, why did I not start investing in crypto years ago when I first heard about it? Luckily, Crypto.com responds quickly to new trends and makes sure that you can start investing when the moment is right, such as currently with NFTs. The recent exponential growth in the NFT market has offered numerous exciting ways for investors to generate a return. Digital assets have become a compelling way to diversify investment portfolios, with this trend set to become increasingly popular in the years ahead.
You can buy, sell and trade NFTs directly in your Crypto.com app. Don't miss this profitable trend!
A quick recap of what NFTs are: NFTs are virtual goods often used in gaming. They are often digital representations of objects that can be sold, traded, or even rented. The first thing you should know about NFT is that it stands for Non-Fungible Token. In today’s digital world, these tokens can be treated as a form of property because they have a string value and cannot get divided into smaller quantities. Non-Fungible Tokens are the new “genie” in the Crypto world. They are decentralized, fungible tokens that can digitally represent an asset or idea.
With the popularity of NFTs skyrocketing, Crypto.com recently added a feature to its platform, allowing users to buy, sell, and showcase NFTs. Users can access exclusive NFT collections by A-list artists, musicians, athletes, and brands by signing up to Crypto.com NFT. The user-friendly platform allows users to buy NFTs using their debit cards and sell collectibles in the Marketplace, where bidding starts at just USD 0.
Supercharger
Besides the three main ways of earning money with Crypto.com, there is a rewarding program called: the Supercharger.
The Supercharger is a simple, flexible, and secure liquidity mining platform for the most popular crypto projects. The process of earning rewards is simple, deposit CRO tokens into the Supercharger event, and you get rewarded with the hottest tokens out there. Users can deposit and withdraw tokens from the liquidity pool as often as they want. After 30 to 45 days, you will receive reward tokens every day during the Rewards Period based on your share of the total liquidity pool. These tokens get sent back to your Crypto.com exchange spot wallet. The Supercharger is one of the many ways you can earn a return on your crypto, specially designed as an extra way to reward the user.
Credit Card
After earning your passive income, the fun part starts: spending it. One of the unique features of Crypto.com is that it allows you to use your crypto in the real world. Often crypto owners are limited 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 offers a prepaid Visa card that functions like a rewards debit card.
Via this Visa card, you can now easily spend your earnings in stores and online, but this is not the only benefit. The Crypto.com Visa Card is available with five reward tiers based on how much CRO you hold. Each generally provides rebates for certain types of services, like Spotify, Netflix, or even Airbnb, some amount of free ATM withdrawals, and anywhere from 1% to 8% cashback.
We gave you a brief insight on how you can start earning an extra income with the app Crypto.com. Are you curious to learn more about investing in cryptocurrency? Or can simply not wait to start investing yourself? Check out the Crypto.com app here!
Crypto.com offers you prepaid Visa Cards with cashback to spend your crypto coins!
Need a short recap of all the features of Crypto.com?
- Track Coins - Select your favorite cryptocurrencies and track their price performance. With Price Movement Alerts, Crypto.com keeps you up-to-date about all the currencies relevant to you.
- Crypto Wallet - Crypto.com offers a wallet where you can securely keep all your crypto while being flexible to buy, sell and transfer your digital currencies.
- Crypto Earn - Deposit crypto and earn up to 14%, paid weekly in your deposited crypto.
- Crypto.com NFT - Users can access exclusive NFT collections by A-list artists, musicians, athletes, and brands by signing up to Crypto.com NFT. The user-friendly platform allows users to buy NFTs using their debit cards and sell collectibles in the Marketplace.
- Supercharger - Users of the App can deposit CRO into the Supercharger pool and earn popular DeFi tokens as rewards.
- Visa Card - Crypto.com App users can reserve a Visa card to spend their crypto assets. At the most basic level, you will get 1% back on spending as well as USD 200 worth of ATM withdrawals and currency exchange transactions per month. Higher card tiers enjoy higher withdrawal and exchange limits, as well as rewards like Spotify, Netflix, and Amazon Prime rebates.