With the advent of decentralized applications and peer-to-peer electronic cash transfer systems, the global economy experienced a seismic shift. By 2025, Blockchain technology is expected to reach a market capitalization of $40 trillion. What is more fascinating about Bitcoin Blockchain is that it has reached 270 GB in the last year.
Since the demand for crypto assets has skyrocketed in the past couple of years, therefore, new entrants are likely to enter this domain. The abundance of crypto exchanges makes finding an appropriate exchange a bit challenging. In the presence of numerous exchanges and platforms, you are prone to make the wrong decision.
To help you to cope with this problem, we’ve decided to do a brief analysis of the crypto industry’s leading platform crypto.com.
What is Crypto.com?
According to an official website of crypto.com, it is amongst the best crypto trading platform that enables its users to buy, sell, transfer, store, and exchange more than 90 different crypto coins. Some of the prominent crypto coins available for trade at this platform are Bitcoin(BTC), Ethereum(ETH), Litecoin(LTC), and CRO. Apart from that, you can use more than 20 fiat currencies on this platform as a medium of exchange.
Upon creating your account at this platform, it provides you a versatile Debit card that enables you to spend your cryptocurrency anywhere in the world just like your Visa card. What’s more enticing about Crypto.com’s CRO token is that you’ll receive a staggering eight percent cashback reward on every purchase.
History of Crypto.com
It was initially established in 2016 and has four co-founders namely:
In 2017, the company announced the first ICO of its crypto coin named Monaco and has raised $26.7 million through it. At that time, the company didn’t enjoy a good reputation in the market, but they soon rebranded themselves in July 2018 after acquiring the domain crypto.com.
Today, headquarter of crypto.com is situated in Singapore with more than 700 employees. They currently handle more than five million users globally and their users’ base keeps on growing.
The mobile application of crypto.com allows you to buy and sell crypto tokens at a competitive rate. Leveraging the power of this app, you can send, receive and store cryptocurrency.
The most appealing feature of this app is that it allows purchasing and selling of crypto tokens at a market rate.
Opening an Account at Crypto.com
In order to get started with crypto.com, head over to its official website. Herein you’ll find the links to download both Android and IOS versions of this app.
In the very next step, you’ll find a pop-up page coupled with the QR code.
At this step, you can click on the ‘pay’ button located on the home screen.
Safety of Crypto.com Token
In order to comply with the laws of the global financial regulatory body, crypto.com emphasizes security and safety. It is worth mentioning here that crypto.com isn’t a US-based enterprise, but instead a Singapore-based startup that has very strict financial regulations.
Its entire software system follows Software Development Lifecycle. Besides, its software analysis tool closely monitors the code. Despite peoples’ allegations of crypto.com’sinvolvement in scams, its development team has managed to maintain its credibility by its immense efforts and hard work.