🔥 Stake you crypto and get Passive Income!

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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.

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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.

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The dividends are paid weekly

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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4 comments
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hello there @resiliencia,

I hope you get that card in the end but it might be through another provider.

Concerning, Crypto.com, how do you explain that they offer such better rates than other platforms (after you get those 500CRO staked).

When you also add the different "sales" they had on BTC or other cryptos, it seems "odd" to me.

Well, I know almost nothing about the website/platform so i cannot judge 😄.

Cheers

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Sure there are some questions regarding such a "better" %APR in some coins, and specially Stablecoins.
I don't know exactly their entire business model but I could think about some points that could potentially help to give this good %, for example:

-They are the main issuers of MCO, so it probably means that basically we are purchasing MCO from their balances, at least in a high %. If we take a look at the MCO price is ranging around 5$. Basically if you want to stake 500 MCO or more you are paying 2,500$ to have the right to enjoy this high APR.
-They are also an exchange and charge fees, some could be invested in rewarding clients.
-They have your money staked and can use it to invest and win more money.
-You are a client that can bring in new clients, pay fees, etc.
-Nobody says that this can be first engaging % and then be reduced over time.

What do you think about this points?

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I think you are making a lot of valid points.

Especially with the one concerning MCO that is used for these promotional activities. This is Crypto QE 😂.

Because all the other exchanges have the fees and do not give this kind of APR or one-time offer.

Thank you for taking the time to reply to my comment with such a thorough answer.

Cheers 🥂

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