In this post I will write about Crypto.com cashback rewards Visa card review from my own experience. I found Crypto.com as very good solution when I want to convert Bitcoin or any other crypto into cash on easy way. Crypto.com is offering a Visa card which is connected to your Crypto.com account. On this way you can convert your crypto into cash and cash out money on any ATM machine in the world. But you can also be rewarded every time you use Crypto.com Visa card as payment method. Rewards are from 1 up to 8% in Cronos cryptocurrency depends about your membership at Crypto.com. That means every time you go to your local store to buy food, when you buy clothes or go to drink with your friends – you can be rewarded if you pay with Crypto.com Visa card up to 8% cashback in Cronos. Keep reading and you will find more details.
Crypto.com membership types explained
There are 5 different membership types. There are no any monthly fees but every membership have different requirements in form of Cronos stake. That means you will not pay any fee but every membership except the basic membership Midnight Blue will require some amount to stake in Cronos. After 6 months you will get back your staked amount back plus profit except if you staked $400 in Cronos for Ruby Steel membership – there is no any profit, just requirement to enjoy in Ruby Steel metal Visa card with 2% cashback on every your purchase with Crypto.com card. In higher memberships stake profit is 10 % or 12 % depends about membership. More information about stake benefits you can read here.
As you can see you can have from 1 % up to 8 % cashback rewards in Cronos on purchases with mentioned card. Later you can exchange Cronos to other cryptocurrency, keep it or cash out at ATM machine. My recommend is Ruby Steel card because in compare with basic Midnight Blue card (from plastic) this card is from metal, cashback is X2 (2 % vs 1 %), 100 % cashback on Spotify purchases and signup bonus $25 in Cronos if you use the invite code. You can use code from your friend or my invite code which will be mentioned in section How to create a Crypto.com account in this post. However there are some restrictions of Cronos rewards program. That means you will get cashback for everyday use in local stores when you buy food, clothes, going to drink, paying your car service, buying computer hardware etc. You will not get cashback for: electric, gas, water, sanitary utilities, for car insurance, software programs etc. All information is on the mentioned link about reward program restrictions. I use Ruby steel card already about 4 months and I have only positive experience what I will share in this post.
How to create a Crypto.com account?
Before you start to create a Crypto.com account be aware about security. I will write more about Crypto.com security in the next section, but for start you should have an email with strong password, two factor authentication enabled and suggest to use an email address that is not used on many places.
If you decide to create an account and use my invitation link ($25 signup bonus is included) you can do it here.
Bellow the words Referral code you should see this code: 44jsybckbp
All important information you will see in your email inbox. The next step is to download the Crypto.com app for mobile phones. When you download the app you need to provide your personal information and do KYC verification (Know Your customer). Verification is very simple – you need to scan your documents and upload via app. Be aware after you have installed the Crypto.com app you will be asked to enter referral code again (mentioned above).
You will receive notification into your email inbox when verification process is completed. Before you start using the app I suggest to increase your security what I will describe in the next section.
Is Crypto.com safe to use?
Before you start using Crypto.com you should know that is an online crypto exchange service (centralized). I never had any issues with this service but for large crypto amounts I always use a hardware wallet what I described inside post How to use a hardware wallet. Using Crypto.com and because of that you need to do KYC verification you should check how crypto is regulated in your country (especially about tax). Before you made first deposit I suggest to set up security settings in your Crypto.com app. Tap on the cog (gear) icon on the top left and you should see the next screen.
To be able to make withdrawals you need to set up 2-Factor authentication. If you dont already have you should download the Google authentication app. Also I recommend to enter anti-phishing code. This is a very good option because every time you receive an email from Crypto.com you will see four digit code that you have entered in security settings and on this way you can be sure that email is really from Crypto.com.
Before you made first withdrawal to any crypto address you need to create withdrawal address inside your Crypto.com app and in the next 24 hours you will not be able to make any withdrawal because of your security. All important notifications you will receive in your email inbox. Every withdrawal you need to confirm with 2 FA and special code that has been sent to your mobile phone via SMS message.
How to use Crypto.com Visa card?
After you have provided your personal information and done with KYC verification you should receive card to your address in 3 weeks. To be able to use your Crypto.com Visa card you need to activate and top up card. I usually sell some crypto when price is up and convert to stablecoin USDC. Then I go to the card section and via top up function send some amount to card. Everything is pretty simple and easy to do.
In Ruby Steel membership there is no fees for ATM withdrawals up to 400 Euro monthly. You can search for fees on the official website Crypto.com Visa card fees.
Using your Crypto.com app you will be rewarded daily depends about your activity. Later you can convert received diamonds into Cronos cryptocurrency.
Final words about Crypto.com
Crypto.com is a very good crypto exchange service with cashback feature. Visa card is pretty cool made from metal and different from any bank cards that I ever had. There is a great affiliate program with $25 in Cronos gift for inviter and new customer. You should know that crypto price is highly volatile but in general crypto has changed many lives in positive sense including my life too. It is important to follow security tips and be careful with transaction. I always do some small transaction before the big one. Check on the official website Crypto.com is your country supported. I hope this Crypto.com cashback rewards Visa card review is useful for you. If you have any questions, doubts or suggestions feel free to place a comment.