Introducing the Crypto.com Visa Card - Making cryptocurrencies work in real life

Crypto.com Visa Card is a Visa debit card issued by Crypto.com Company.

Founded in June 2016, Crypto.com is a Singapore-based cryptocurrency exchange company. The advantage of having a Crypto.com Visa card is that it can directly convert cryptocurrencies into fiat currencies for card consumption in real life.

Benefits of Applying for a Crypto.com Visa Card

With so many options on the market, what are the benefits of applying for a Crypto.com Visa Card?

It can be summarized into the following two points:

Point 1: high quality

There are 5 different grades of Crypto.com Visa cards. Except for the lowest grade Midnight Blue (Midnight Blue), which is made of plastic, the cards above Ruby Steel (Ruby Red) are all made of aluminum-titanium alloy and weigh up to 18 The gram is about 4.5 times the weight of the 4 grams of the general plastic card. It has a very texture and weight, and you will never forget the feel when you touch it once.

Point 2: Cryptocurrency can be directly converted into fiat currency for card consumption

If the general cryptocurrency wants to be used in the real world, it is necessary to carry out the procedure of withdrawing money, converting the virtual currency into legal currency through the exchange and then remitting it to the bank account.

However, because Crypto.com itself also has an exchange business, the procedures for converting virtual currency into legal currency can be completed directly in the Crypto.com account, and then directly use the legal currency in the account through the Crypto.com Visa card. In reality Card spending in the world.

Visa Debit Card

Debit Card is also known as "Debit Card" in Taiwan, also known as "Visa Debit Card", in addition to having the function of withdrawing money, it can also be used as a credit card for consumption, which is different from a credit card. The point is that the "debit card" deducts the legal currency in the account when swiping the card for consumption, and the amount of legal currency can only be swiped; and "credit card" is the concept of advance payment, even if the current legal currency in the account Insufficient, as long as it is within the credit limit, you can advance cash in advance to swipe the card for consumption. The calculation methods of the two are different.

Crypto.com Visa Card Usage Rules

The Visa card issued by Crypto.com is a "debit card", and you can only swipe as much as you have legal currency .

Use Singapore Dollars (SGD) as legal tender in Asia: Crypto.com only provides Singapore Dollars (SGD) as legal tender for consumption in Asia, so if you want to spend by card, you must first have an account with Crypto.com You can only use it if you have Singapore Dollars (SGD).

Overseas card swiping fee of 1.5%: In addition, since Crypto.com is a Singapore company, swiping Crypto.com cards in Taiwan will be charged a 1.5% overseas card swiping fee, including a 1% cross-border transaction fee charged by international card issuers of the transaction amount, and A foreign transaction service fee of 0.5% of the transaction amount is charged by Crypto.com. Debit or credit cards from other traditional banks will also charge the same overseas swipe fees.

Crypto.com Visa Card Application Process

Complete the 6 steps below and you too can have a Crypto.com Visa Card of your own.

Step 1 Download the APP

Download the Crypto.com APP via the App Store or Google Play, or via my referral code URL: https://crypto.com/app/dypu3rw4zz (let's both get a $25 bonus for each other, requires an account This reward will only be available if there is a deposit)

Step 2 Register an account

In this step, you can enter the referral code, so that we can both get a $25 reward, which requires a deposit in the account to get this reward. My referral code is: " dypu3rw4zz ".

Step 3 Complete account information verification

The information that needs to be verified includes Email, mobile phone, personal identity (passport, ID card or driver's license can be used). This step takes some time to wait for official verification. If it is slow, it may take 1~2 days, and if it is fast, it may be verified within a few hours. Finish.

Step 4 Select the card level you want to apply for

Select the "Payment Card" option at the bottom right of the APP, and then select the level of debit card you want to apply to see the details of the required benefits and the benefits you can enjoy.

Step 5 Pledge the corresponding value of CRO coins

According to the level of the selected debit card, the corresponding value of CRO coins is pledged , and the lock-up period is 180 days.

Step 6 Complete address proof verification

Upload proof of address documents, using bank statements, utility bills or government letters within 3 months.

Some friends around me have successfully verified with Chinese documents, and some have successfully verified with English documents. I personally used Taipower's bills twice, the first time I entered Chinese content, the verification failed, and the second time I entered English content , the result is still a verification failure. Later, I went to the bank to apply for the credit record of the credit card at the counter, and asked the bank to type my English address in the remarks column of the content, and took a photo of this document to apply. To the receipt address of the Crypto.com Visa physical card.

CRO Coin Pledge Instructions

To apply for different levels of Crypto.com Visa cards, you must first pledge the equivalent CRO coins in your Crypto.com account.

Each level of Crypto.com Visa Card has a so-called pledge threshold for application, as shown in the figure below.

Taking Ruby Steel as an example, if you want to bid, you must first pledge CRO coins with a value of 400 US dollars. The pledge period is 180 days. During this 180-day period, the value of CRO coins may increase or may also increase fall.

The value of the above chart is based on the current bid, and there will be no need to make up the price difference during the pledge period due to the subsequent fall in the price of CRO coins.

After the 180-day pledge period is over, you can choose to continue the pledge or release. If the pledge is released, the Crypto.com Visa card can still be used as usual, but the privileges that can only be obtained by pledge will be lost. Therefore, you can also choose to let the CRO coins continue to be used. Pledge to enjoy additional benefits.

Crypto.com Visa Card Staking Rewards and Offers

Each tier of Crypto.com Visa Card has different rewards and benefits.

CRO Rewards

For the reward of swiping the Crypto.com Visa card, all rewards will be immediately rewarded with the equivalent CRO coins at the moment of consumption. The CRO coins can be bought and sold in the virtual currency exchange at any time.

For example, using Ruby Steel (ruby red) to buy a meal of NT$200 at McDonald's, because it is an overseas purchase, a 1.5% overseas credit card handling fee is required, so the actual credit card will cost NT$203, and the CRO reward is 1%, so You will get a reward of NT$2.03. The current value of the CRO currency when writing the article is NT$5.21, so the conversion of CRO currency will be 0.39038462.

Various card discounts and services

The 100% fee rebate, including Spotify and Netflix, will be given to the holder with the current equivalent value of CRO coins.

Fees and Limits

There is also a monthly fee-free ATM cash withdrawal limit. You can directly withdraw cash in fiat currency in NT dollars at the ATM through the Crypto.com Visa card. The monthly limit of each card is different.