Crypto.com was formerly known as Monaco in 2016 when it was founded by Rafael Melo, Bobby Bao, Kris Marszalek, and Gary Or. Its name was changed to crypto.com in 2018 when the company bought a domain owned by a cryptography researcher, Matt Blaze, whose value was around $5-10 million.
The company has grown and has over 50 million users with more than 4,000 employees. It has over 30 communities and is operating in 90 countries as of 2022.
It is based in Singapore and operated by a Singapore-based company named Faris DAX Asia, a subsidiary of Foris DAX MT Limited. In January 2022, Crypto.com fell victim to a hack of $15 million, which was stolen in Ether.
The withdrawal was paused on users’ accounts after there were reports of suspicious activities on their accounts. Eventually, withdrawal services were restored after confirmation that there was no loss to customers.
It is a crypto exchange company built on strong privacy, compliance, and security foundation. It is the first cryptocurrency company in the world to have ISO 27001:2013, PCI: DSS 3.2.1, ISO/IEC 27701:2019, and CCSS Level 3.
It has over 4,000 people working in all of its offices in Europe, Asia, and the Americas. Crypto.com also has a mobile application for Android and iOS users, giving them access to various services in the app.
Services that Crypto.com Offer
It offers various services, including the crypto.com exchange, crypto.com Defi wallet, Crypto.com Visa Card, and Crypto.com. NFt is a platform for trading and collecting NFTs, curated carefully from the arts, design, sports, and entertainment world. These services will be explained further below in this article.
Crypto.com Visa Card
It is a debit card, just that instead of being linked to your bank account, it is a prepaid card that needs to be topped up using your bank transfer, cryptocurrency, or other credit or debit card.
To get the Visa card, you need to stake CRO for 180 days before becoming eligible, which means you need to sign up on their app, complete the KYC verification, and stake the CRO token for 180 days.
You also get refunds for using the Visa card, which you will pay in CRO. It reflects instantly on your account for every eligible transaction you make.
Crypto.com Pay
This service allows you to pay merchants with crypto, earning 10% of the purchase back in CRO tokens in your account. With Crypto.com pay, you can buy airtime, send crypto to friends for free, and shop for gift cards.
Crypto.com Exchange
Crypto.com An exchange is one of the services that crypto.com offers that enables users to trade on the platform.
Margin trading, spot trading, Stake and Earn, deposits and withdrawals, lending, Syndicate, Super Charges, CRO Fixed Staking, referral programs, and soft staking are among the basic features offered by it.
Crypto.com Defi Wallet
This non-custodial wallet gives users full control of their private keys. You’ll be able to send crypto to anyone you wish at the desired time, speed, and network fee.
It also gives you access to Defi services such as earning up to 50% APY, accessing Dapps, depositing and viewing your NFTs on the wallet, swapping tokens across various chains, migrating assets between different chains, and accessing all bridging features.
It also allows you to store your assets safely and control them and has many more features.
Crypto.com NFT
It is a platform that allows you to buy or sell Non-Fungible tokens (NFT) without having any experience with NFT. It has a marketplace where you can find curated NFTs from popular creators and brands. Some events tell when a particular NFT will be released to the public.
They also allow you to browse the marketplace to buy curated NFTs that were previously released, which you couldn’t get and also gives you access to various NFTs created by other users.
The rarity of the NFTs on Crypto.com NFT varies depending on the supply of the NFT, which means fewer NFTs will have more rarity.
On the platform, you can buy and sell NFTs, make an offer or bid for an NFT, payout your NFT balance, use your crypto.com app to make payments, and apply to be a creator and mint your NFTs without prior experience.
Conclusion
In Conclusion, Crypto.com is becoming one of the leading platforms in the crypto space by giving its users a one-stop platform for all their crypto needs, such as buying and selling cryptocurrency, buying NFTs, giving Visa cards that Holders can use to pay merchants, and also giving them rewards for making use of the card.
They give their users a slot of incentives for using their platform and also give access to the Defi world with their Defi wallet. Crypto.com has grown since its inception and has over 50 million users.
