The Singapore-based platform specializes in providing users incentives.
By Mike Antolin
Crypto.com, a cryptocurrency exchange that allows you to buy, sell and trade a variety of digital assets in the palm of your hands, also provides a crypto wallet that enables you to securely store your cryptos and NFTs.
One of the most popular international exchanges in the world, Crypto.com has 10 million customers in some 200 countries.
What unique features does Crypto.com offer?
You may have first heard of Crypto.com because of its much-mocked Matt Damon Superbowl ad or when it bought naming rights to the former Staples center in L.A., but you might not know how the platform distinguishes itself with special features:
- It provides a two-in-one app, an exchange and a wallet, allowing users to buy, sell, trade and store digital assets on the go.
- Some of its security features include multi-factor authentication (MFA) and whitelisting.
- Crypto.com offers a Visa debit card that allows you to withdraw or spend cryptocurrencies anywhere that accepts Visa.
- Its Earn feature lets you get interest on your deposited cryptocurrencies.
- The Credit feature allows you to take out a loan using your cryptocurrency as collateral (although not in the U.S. yet).
- Crypto.com offers competitive fees and a wide range of available assets, including 250 cryptocurrencies and access to its futures.
- It has a native cryptocurrency, Cronos (CRO), which enables users to obtain rewards and get access to its financial services such as cashback Visa cards and potential free subscriptions to Netflix and Spotify.
Read more: Centralized Exchange (CEX) vs. Decentralized Exchange (DEX) – What’s the Difference?
What is Cronos?
Cronos (CRO), launched in December 2018, is the official token standard of Crypto.com’s Cronos Chain. The Cronos Chain is a decentralized and open-source blockchain designed for payment, trading and financial services. As an open-source blockchain, it allows other companies and developers to innovate solutions such as decentralized applications (dapps). By implementing an open-source business model, it ensures safety, security and transparency of transactions within its blockchain.
CRO plays an integral role in the Crypto.com ecosystem as it is used for its Crypto.com Pay mobile app and Visa card rewards program.
