Hello!
I have been using the Crypto.com app on my smartphone for over 3 months and I want to share my experience with the staking platform "Crypto Earn".
To be able to qualify for the rewards you don't need to stake any MCO tokens, which is 1 of the 2 tokens of the platform. The other one is CRO which is the one with more APR% offered.
However if you stake 500 MCO or more the APR% of any of the supported cryptocurrencies increases significantly.
There are a lot of cryptocurrencies supported for staking, and between them some stablecoins. For example you can stake: BTC, ETH, LTC, XRP, BNB, BAT, EOS, XLM, USDC, USDT, TrueUSD...
You have 3 time-frame options:
- 3 month, with the highest APR%.
- 1 month.
- Flexible with the lowest APR% but your coins are available at any time.
I am actually staking some cryptos at the "Flexible" and "3 month" staking and I am earning consistenly a quite good APR%. I love how smooth and consistent is the experience, the app is reliable.
The negative part of the experience is that they are also offering a Crypto VISA card that I ordered last year, today I still don't have the Card with me. The answer I get is that the Card issuance for Europe is slowly being deployed, and it will take time to receive mine.
Last week I read an article by @vlemon that scared me a lot, it was regarding the Wirecard payment company that issues almost all of the Crypto Cards. You can read it here.
I checked the website and I found the following:
The Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to licence from Visa. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051).
So, I am not sure if I will use the Credit Card even if I receive it.
Let's see how this story ends, but it doesn't look good at all.
Enjoy! ??
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