Crypto.com is a globally active cryptocurrency platform based in Hong Kong. The company offers several services related to cryptocurrency through its website and apps. All of these services are tailored to the needs of crypto traders and investors.
Crypto.com Earn
Earn Interest on Your Crypto Assets
What Crypto.com offers is essentially a complete resource for anyone interested in cryptocurrencies. You can buy, sell, and trade dozens of cryptocurrencies on the Crypto.com Exchange. Some of the most popular use cases for cryptocurrencies include short-term trading for profit and long-term holding. But Crypto.com has recently created a new path for users to get more out of their crypto. Crypto.com Earn is a product that Crypto.com created to enable users to benefit from a more passive form of crypto income. Let’s have a look.
How to Earn Interest with Crypto.com
You can earn interest with Crypto.com through Crypto.com Earn, which allows you to invest in one of over 35 tokens and earn interest on the DeFi protocols.
To earn this interest, you must be a Crypto.com user and have gone through their ID verification process. Crypto.com is a well-regulated financial services company, and it cannot serve anonymous users. However, the sign-up process is safe, secure, and easy. Once your account is up and running, you will need to acquire the cryptos you want to invest with. You can then deposit your favorite cryptos into Crypto.com Earn, and you will be repaid based on accrued daily interest.
Interest rates vary based on your stake of Crypto.com coins (CRO). You can ensure larger interest payments through a larger stake.
Crypto.com Earn payout varies greatly in their annual percentage rates (APRs). These are annualized interest rates. Then, the holding terms you agree to will also affect your returns. Then your CRO stake is the third and final factor that contributes to your interest rate.
You can quickly get a quote from Crypto.com to find out how much you can earn with Crypto.com Earn. Like many online lenders, Crypto.com Earn has a tool that can produce estimates. Just fill in the deposit token, deposit amount, deposit term, and your current CRO stake. Crypto.com will then provide you with a quote.
One of the more fruitful investments offered by Crypto.com Earn is stablecoins. Most tokens can produce a maximum interest rate of 8%. But stablecoins can net you a 14% interest rate if your CRO stake is large enough. If you’re trying to maximize your savings with Crypto.com Earn, the good news is that it’s a very transparent platform. When you’re getting your quote, you will also receive a “rewards paid weekly” estimation.
If you really want to take full advantage of Crytpo.com’s offers, you can use Crypto.com Earn alongside a Crypto.com Visa Card. The Visa cards offer their own cashback rewards. When combined with Crypto.com earn, you can maximize the total potential savings.
How Does Crypto.com Earn Work?
Crypto.com Earn is simple and straightforward. Just follow these steps and start earning interest within a week:
- Create a Crypto.com account.
- Verify your ID.
- Purchase (or transfer) cryptocurrencies that qualify for Crypto.com Earn.
- Go to their site and fill in your investment details. You can play around with the variables to find a deal that suits you.
- Accept the deal.
Once you accept the terms you’ve filled in, you can wait for your payments. According to Crypto.com, you will receive your total accumulated interest every 7 days. Your interest will be deposited directly into your wallet. The crypto in your wallet is available for use immediately and you can do whatever you like with it.
Interest Rates
The rates offered by Crypto.com Earn are APRs. So, the interest you will be paid is:
Daily interest = minimum daily balance X (APR/365)
The interest you make on Crypto.com Earn will always be paid out in the same currency you deposited. So, if you invest with Bitcoin, your interest will be paid in Bitcoin.
Crypto.com Earn Coin Rewards
Your earnings with Crypto.com Earn vary based on:
- Your CRO stake
- The term (3 months provides the best returns)
- The coin you choose
For a quick glance at what you can earn in interest, let’s imagine you choose a 3-month term and have a CRO stake of 4,000 to 40,000. The exact earning potential from Crypto.com Earn coins will vary by coin type. The highest possible rewards come from stablecoins. The coin with the highest potential earnings is USDC (US Dollar Coin) at up to 14%. After that, Polkadot can earn you 12.5%. All other accepted stablecoins offer a maximum of 12%.
Most of the coins you can earn rewards from that aren’t stablecoins come with a maximum of 3% annualized interest. However, Ethereum and Bitcoin are notable exceptions with a maximum of 6.5% Crypto.com Coin, the company’s own coin, offers up to 6%.
You can experiment with the terms you would be willing to accept on crypto.com/earn. Use the tool to see the interest rates offered given your CRO stake and optimal term length.
The Crypto.com Visa Card
It should be noted that Crypto.com offers another investment opportunity through CRO staking. You can stake CRO in the amount you choose to start earning cashback on purchases. However, this service has nothing to do with Crypto.com Earn and is separate from it. They are both different products offered by Crypto.com.
Crypto.com offers multiple different Visa cards. These cards can be split into five separate rewards tiers. Your CRO stake determines which cards you are eligible for.
All cards offer at least 1% cashback, with the introductory “Midnight Blue” card not requiring any CRO stake. All cards except the Midnight Blue come with Spotify rewards, but higher-ranking cards offer benefits with other companies such as Netflix and Amazon Prime.
Your card can even be used at any ATM that accepts Visa. However, the lower-ranking cards have very low monthly withdrawal limits. The cards offer a lot of utility, but they are better suited for card payments and Crypto.com products and rewards. Many of the cards offer a lot of benefits if you make many online purchases from major companies. Check out https://crypto.com/cards for more details.
How to Get Started With Crypto.com
Getting started with Crypto.com is easy. You just need to make an account and go through their ID verification. Setting up an account just requires you to go to the Crypto.com website or app. From there, provide the basic information you need to set up an account.
Once your account is set up, you need to verify your ID before you can use Crypto.com products. This is for both safety and regulatory purposes. You cannot safely or legally use financial products anonymously. You just need to provide a government-issued ID with a photograph of yourself. Then you will need to send a selfie.
Once your account is verified, you can start taking advantage of Crypto.com Earn. Of course, you can also use their other services, including Crypto.com Exchange.
Crypto.com Earn
Earn Interest on Your Crypto Assets
As an enthusiast and expert in cryptocurrencies and financial technology, I have a comprehensive understanding of various cryptocurrency platforms and their services, including Crypto.com. My expertise is founded on years of following the evolution of the crypto landscape, staying abreast of the latest industry trends, and actively engaging in the practical use of diverse crypto platforms.
Crypto.com is a well-established global cryptocurrency platform headquartered in Hong Kong. The platform caters to crypto traders and investors, offering a suite of services accessible via its website and mobile applications. The platform's primary offerings include trading, investment, and a unique feature called Crypto.com Earn, which allows users to earn interest on their crypto assets.
Crypto.com Earn operates by enabling users to invest in over 35 tokens and earn interest through DeFi (Decentralized Finance) protocols. The interest rates vary depending on several factors, such as the stake of Crypto.com Coins (CRO), holding terms agreed upon, and the specific cryptocurrencies chosen for investment.
Users can estimate potential earnings using a tool provided by Crypto.com, which calculates interest based on deposit token, amount, term, and CRO stake. Notably, stablecoins tend to yield higher interest rates, with USDC offering up to 14%, followed by Polkadot at 12.5%. However, most non-stablecoin tokens typically offer lower annualized interest rates, with exceptions like Ethereum and Bitcoin, which can reach up to 6.5%.
To fully leverage Crypto.com's offerings, users can combine Crypto.com Earn with the Crypto.com Visa Card, which provides additional cashback rewards. The Visa cards, available in different tiers, offer benefits based on the user's CRO stake, allowing for cashback rewards on purchases from various merchants.
The process to start earning interest through Crypto.com Earn involves creating an account, undergoing ID verification, purchasing or transferring qualifying cryptocurrencies, specifying investment details, accepting terms, and subsequently receiving interest payments every seven days, directly deposited into the user's wallet.
Verification of earnings and interest is straightforward, as daily interest accrues based on the minimum daily balance, computed using the APR/365 formula. Importantly, the interest earned is paid out in the same currency deposited by the user.
It's crucial to differentiate between Crypto.com Earn and the CRO staking feature, which allows users to earn cashback on purchases using the Crypto.com Visa Card. Both are separate products offered by Crypto.com.
Getting started with Crypto.com involves setting up an account, undergoing ID verification by providing government-issued identification and a selfie, following which users can access Crypto.com's suite of services, including Crypto.com Earn and the Crypto.com Exchange.
In summary, Crypto.com provides a comprehensive platform for crypto enthusiasts and investors, allowing them to trade, invest, earn interest, and enjoy cashback rewards through the Crypto.com Visa Card based on their CRO stake. The platform's transparency, user-friendly interface, and diverse offerings make it a popular choice among those interested in maximizing their crypto assets.
