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An Open Letter to the Cryptocurrency Community
When seeking assistance, I tend not to think about this community specifically. This letter is not directed at anyone specifically, but generally to anyone using cryptocurrency. At bare minimum, I hope this letter sparks conversation about the future as a community, and where we go from here. Through our highs, and our lows. Today, I write to you from a low point in my life. Cryptocurrency improved my life, changed the way I think about assets, and how blockchain could improve on transparency of non-profit organizations. But today, I realize what is missing in the cryptocurrency space. Stimulus. Encouragement. Relief. A shoulder to lean on. Peer-to-peer transactions on a proof-of-work blockchain does not inherently provide this anymore. Proof-of-work typically is not profitable on an individual basis with the cost of electricity out weighing the reward. Proof of stake, still only provides so much, requiring capital to invest for a consistent modest return. Distributed Ledger Technology even, still needs some type of investment to create value and scarcity. The rich get richer. I began to invest in crypto years ago. I don't remember when, but approximately around the 2017 bubble. I missed out when reading about it early into its conception, around when Bitcoin was around $250.00 each. When I found it, I was looking for money. I needed it to make sure my bills were paid, and I could eat. But at the time, I thought to myself, "that does nothing for me" and shrugged it off. I eventually, after a couple of crap jobs, I managed to get hired by USPS. One of the few jobs that I was actually gunning for. With my mother as an assisted living chef, and my father as an automotive mechanic, USPS fulfilled my inherited desire to help others. This helped stabilize my life with a solid income. And investing in crypto got me and my partner into our own house. I write this as a current rural letter carrier. A couple of years ago, I got to see the inner-working of management among USPS. "Details" as a Supervisor and a position in Operations. I was shocked at how primitive the organization was. Some of the highest levels of management seemed to be merely making decisions of critical importance based on their personal interpretation of company policy, using data from incomplete resources, questionable sources, and with barely any computer skills to manage a business. Such as the lack of basic Microsoft Excel knowledge. Ultimately I did not seek a permanent higher management position, and instead reclaimed my career position as a carrier. I knew that this could be better. Which brings me to Global Blockchain Post. And this is not where I originally planned on launching this idea. My vision is to save the post office, by replacing it. A decentralized equivalent. Consisting of workers only, managed by said workers by collaboration and voting. This idea is unfinished, as I am learning Solidity and Javascript in order to build it on the Ethereum network. This is now taking time I fear I may not have. In my time researching, I've created a colony, on colony.io and registered the domains globalblockchainpost.com and globalblockchainpost.io for future use. Global Blockchain Post Coin would have initially be pegged at $0.55 (current price of a stamp) in order to provide funding to workers and currency for participants. While development has slowed to a halt, we will be adapting to the times and changing our path to ensure GBP lives on. Due to current events, Global Blockchain Post is pre-maturely launching its first project GBP Cascadia, a grass roots initiative to support those effected in the Cascadian Bio-region, currently and primarily in the State of Oregon, United States. We hope to provide any kind of support to those that need it, in what would have been our testing ground for limited decentralized parcel transportation services. If nothing more than a shoulder to lean on. Something that we believe the cryptocurrency community needs to show its good side, and drive adoption with those that have never experienced cryptocurrency before. As it stands now, fire is approaching. While our risk is low, I still fear of losing everything. This in combined with rising economic costs, and COVID-19, our budget has been strained remotely supporting my now out of work family. I'm not the type to ask for assistance, but I have run out of options. I know that there are individuals can relate. I want to keep this idea going, even if I don't live to see it prosper. I'm providing three options. I'll be on our Telegram group here if you want to discuss any of them: https://t.me/joinchat/CiYgHBr1L-U6AZ010TA8-g Option 1. Soon, I will be attempting to provide liquidity of GBPC on Uniswap. This will be our primary way of building our community, via Postage (GBPC). Option 2. Donate to our Colony with ETH or any ERC-20 Token. Donations are currently going to GBP Cascadia, a grass roots local initiative to support those effected in the ongoing wildfires in the State of Oregon. Our colony address: 0x7529A4eFcaFF037325CF4C9F00333D541fa04eed Option 3. Support me directly. My situation is critical, but certainly not life threatening. But I don't want to lose what could be. I hope to build GBP into a fully Decentralized Autonomous Organization to provide work for thousands, and reassurance of parcel delivery for even more. Anything helps. BTC: bc1q8gr2y78ezxqm4d8qyksfnk3mg257xzggky34py ETH: 0xCb62542562b5Bdcfcf9B504165d3840604146aC8 I wish all Oregonians and Cascadians the best during these difficult times. Thank you for reading, and please do not donate if you yourself are struggling. If you can't help financially, share this post on your social media. It would be very much appreciated! -Rex Global Blockchain Post Founder Oregon, USA
Crypto.com MCO Visa card: 10% cashback on groceries + 1-5% on other purchases + $50 bonus
I've rewritten my guide completely :) Crypto.com is now finally shipping their MCO Visa cards in UK & EU! I have received my card this week and immediately got 10% cashback when trying it at Lidl: https://imgur.com/a/ITB39JX I'm very enthousiastic about Crypto.com myself and all the products they offer. I'll try to explain here as clearly as I can. I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below).
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of June: 10% cashback at Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around £4,45 / €5,00, meaning that you have to lock £223 / €250 for six months to get the Ruby Steel card. You'll earn this back in about 7 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ £223 / €250)
500 MCO (~ £2230 / €2500)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (7 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of £1000 / €1000 monthly with the card and that you use Spotify. After 7 months you will have earned back your initial investment :) But, additionally you also have the 10% cashback on groceries until the end of June plus the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of £112 / € 225 (see below about price expectation).
Value
$50 bonus immediately after staking
£40 / €46
2% cashback on all purchases with the card (assuming montly spend of £1000 / €1000 during 7 months)
£140 / €140
Spotify rebate (£10 / €10 per month)
£70 / €70
Total
£250 / €256
MCO price
The price of the MCO coin has been around £4,50 / €5 for a while. The cards have just been released for UK and EU. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with pound / euros using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for euros (in the near future for pounds as well). You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
SEPA Euro bank transfers in and out of your Crypto.com account are available now, but GBP bank transfers are not possible right now since they're switching providers. It should be possible again the end of next month.
If you want to upgrade to a higher card level, the costs are £/€ 50 (unless your card hasn't shipped yet)
If you want to cancel your card you pay £/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of £/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get any response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Ought to you jump in and begin using your onerous-mined bitcoins within the markets? Find out the risks and advantages initial.KEY TAKEAWAYS The market is devoted to trading in the globe's currencies. https://preview.redd.it/u8gle9a0m4f51.jpg?width=770&format=pjpg&auto=webp&s=9368e9fe9613884fb4fd0c86fb716e50319f2d53 Many brokers currently settle for bitcoin and different cryptocurrencies. Bitcoin trades benefit from the anonymity and decentralized valuation system the currency represents. They add a replacement layer of risk trading, exacerbated by the acute volatilityStandard Forex Trade Before you think about whether to trade using bitcoin, it's helpful to understand how a standaroretrade works. A forex trade is simply an exchange of 1 currency for an additional at its current rate. Unlike tourists who exchange their home currency for local spending cash, forex traders are trying to form cash off the continual fluctuations in the real value of 1 currency against anothe
Imagine you're an American trader betting that the British pound can lose price compared to the U.S. dollar. This is termed trading on the British pound/U.S. dollar currency pair (GBP/USD).The Impact of Decentralization The key distinction is that, though forex exchanges would possibly be decentralized, the currencies themselves are backed by central banks in the countries that issue them. It's the duty of those banks to stabilize the value of their currencies and keep them stable Now think about an example of a forex trade using bitcoin. First, you open a forex trading account with a broker who accepts bitcoins. These embody AvaTrade,one? eToro, and LiteForex.a pair of? You then transfer 2 bitcoins from your digital wallet to the forex broker’s digital wallet. If you wish to trade using bitcoin, use only a locally regulated forex brokerage. And avoid using leverage till you know what you are doing. Assuming the present bitcoin to U.S. dollar rate is 1 bitcoin = $seven,500, your deposit of two bitcoins is value $fifteen,00zero. Now, assume that you would like to require an edge in British pounds. If the exchange rate is £zero.five = $one, you may receive £7,500. When it rate changes to 0.45, and you square off your position t.sixty five in your trading account. You have got made a tidy eleven.elevenpercent profit and you're prepared to cash out. Despite the very fact that your bet on British pounds earned you an eleven.11% profit (from $fifteen,00zero to $16,66six.65), the fluctuation in the bitcoin to U.S. dollar rate suggests that that you sustain a loss of zero.039 bitcoin or about -two.percent. (Initial deposit of 2 bitcoins — 1.961 bitcoins = .039 bitcoin). However, had the bitcoin to U.S. greenback exchange rate changed to 1 bitcoin = $7,000, you'd realize a benefit from both the forex trade and the bitcoin exchange. You'd have received ($16,66half dozen.65/$7,00zero) = two.381 bitcoins, a profit of nineteen.onepercent. Increased Unpredictability This hypothetical example illustrates the large reason to exercise caution when using digital currencies for forex trading. Even the most fashionable and widely used cryptocurrency, the bitcoin, is highly volatile compared to most traditional currencies. Within the year ending July 24, 20twenty, the value of a bitcoin ranged from $five,532 to $eleven,982 This unpredictability means that that the risks associated with trading forex using bitcoin are that abundant larger Beyond the exchange rate fluctuations impacting profit and loss, there are other edges and risks to consider before trading forex with bitcoin Decentralized Vauations: A major advantage of trading forex with the bitcoin is that the bitcoin isn't tied to a central bank. Digital currencies are free from central geopolitical influence and from macroeconomic issues like country-specific inflation or interest rates. High Leverage: Many forex brokers offer leverage for bitcoin trades. Experienced traders can use this to their profit. However, such high margins ought to also be approached with great caution as they amplify the potential for losses. Low Deposit Amount: A trader can begin with as little as $twenty five with some bitcoin forex trading firms. A few forex trading companies have even offered promotions sort of a matching deposit quantity. Traders ought to check that the broker is legitimate and appropriately regulated. Low Cost of Trading: Most forex brokers that settle for cryptocurrency are keeping brokerage costs terribly low to attract new shoppers. Security: You don’t would like to reveal your bank account or mastercard details to make a bitcoin transaction. This could be a massive advantage in terms of price and monetary security. No World Boundaries: Bitcoin transactions don't have any international boundaries. A trader primarily based in South Africa can trade forex through a broker based mostly within the United Kingdom. Regulatory challenges could stay a concern, however if both traders and brokers are willing to transact, there aren't any geographical boundaries. Risks of Trading Forex with Bitcoin Different Exchange Rates: Bitcoin trades on multiple exchanges and exchange rates vary. Traders must guarantee they understand that bitcoin exchange rates the forex broker can be using. U.S. Dollar Rate Risk: While receiving bitcoin deposits from clients, almost all brokers instantly sell the bitcoins and hold the quantity in U.S. dollars. Even if a trader will not take a forex trade position immediately when the deposit, he or she remains exposed to the bitcoin-to-U.S. dollar rate risk from deposit to withdrawal. Danger of Volatility: Historically, bitcoin prices have exhibited high volatility. Within the absence of regulations, volatility will be used by unregulated brokers to their advantage and a trader’s disadvantage. For example, assume the intraday bitcoin rate fluctuates from $five,00zero to $5,300 U.S. greenbacks per bitcoin. For an incoming deposit of two bitcoins, the unregulated broker may apply very cheap rates to credit the trader $10,00zero (2 bitcoins * $five,000 = $10,000). However, once the trader is ready to create a withdrawal, the broker might use rock bottom exchange rate. Instead of the original a pair of bitcoins deposited, the trader receives o Security Risks Inherent to Bitcoin: Deposited bitcoins are vulnerable to theft by hacking, even from a broker’s digital wallet. To reduce this risk, rummage around for a broker who has insurance protection against theft. Risk of Leverage: Using leverage is risky for new traders who may not perceive the exposure. This risk is not unique to cryptocurrency forex trading and comes into play in traditional forex transactions still. Asset Category Mixing: Cryptocurrency may be a different asset class altogether and has its own valuation mechanism. Trading forex with bitcoins primarily introduces a replacement intermediate currency which will impact profit and loss in unexpected ways. Any cash that's not locked down in an exceedingly trader’s base currency is a risk. Although cryptocurrencies like bitcoin are gaining popularity, there are still several associated risks. In forex trading, dealing in a decentralized currency that provides global transactions with no fees is a bonus. But the tradeoff is actually adding a 3rd currency to what was a trading try Put your trading skills to the take a look at with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade your means to the top! Submit trades in an exceedingly virtual setting before you start risking your own cash. Practice trading ways thus that when you're prepared to enter the $64000 market, you've got had the practice you would like. Attempt our Stock Simulator today https://www.cryptoerapro.com/the-bitcoin-trade
Guide: Crypto.com MCO Visa card: Free Spotify + 1-5% cashback on all purchases + $50 bonus and more
Crypto.com is now finally shipping their MCO Visa cards in UK & EU (in addition to US)! People have been reporting arrival of their cards inUK and alloverEurope. I think it's the best rewards card available now :) I'm very enthousiastic about Crypto.com myself and all the products they offer. I'll try to explain here as clearly as I can. I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below).
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for euros/dollars, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around €4 / $4.50, meaning that you have to lock €200 / $225 for six months to get the Ruby Steel card. You'll earn this back in about 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ €200 / $225)
500 MCO (~ €2000 / $2250)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of €1000 / $1000 monthly with the card and that you use Spotify. After 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of €100 / $113 (see below about price expectation).
Value
$50 bonus immediately after staking
€44 / $50
2% cashback on all purchases with the card (assuming montly spend of €1000 / $1000 during 6 months)
€120 / $120
Spotify rebate (€10 / $10 per month)
€60 / $60
Total
€224 / $230
MCO price
The MCO cards have just been released for UK and EU and have been available in US since last year. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for euros/dollars (in the near future for pounds as well). You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minimum).
SEPA Euro and ACH US bank transfers in and out of your Crypto.com account are free! GBP bank transfers are not possible right now since they're switching providers. It should be possible again soon.
If you want to upgrade to a higher card level, the costs are €/$ 50 (unless your card hasn't shipped yet)
If you want to cancel your card you pay €/$ 50, but only if there is still any money left unspent on the card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.30 / €3.80, meaning that you have to lock $215 / €190 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $215 / €190)
500 MCO (~ $2150 / €1900)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $113 / €95 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Guide: Crypto.com MCO Visa Card: 10% cashback on groceries (extended!), 1-5% on everything else, free Spotify and $50 bonus! [US, EU, UK, APAC]
The promotion of 10% back on grocery shoppinghas been extendeduntilthe end of September Available for: US, EU, UK and APAC The MCO Visa Card offered by Crypto.com is one of the best rewards cards currently available! It works as a normal debit card: you top up the card with your own currency (USD/EUGBP/SGD), you spend it as you normally would and you get the cashback and rewards paid out in a cryptocurrency (MCO token). If you want you can sell the MCO earned for cash immediately. I think now is a good time to get in. The MCO Token price is quite low currently so it means it's cheaper to get on board. You'll be able to earn back your investment in less than 6 months (see below). I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of September: 10% cashback at Walmart, Costco, Whole Foods, Carrefour, Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around $4.10 / €3.60, meaning that you have to lock $205 / €180 for six months to get the Ruby Steel card. You'll earn this back in less than 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ $205 / €180)
500 MCO (~ $2050 / €1800)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (less than 6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of $1000 / €1000 monthly with the card and that you use Spotify. After less than 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of $103 / €90 which you could add to the value mentioned in the table below (see below about price expectation) .
Value
$50 bonus immediately after staking
$50 / €44
2% cashback on all purchases with the card (assuming montly spend of $1000 / €1000 during 6 months)
$120 / €120
Spotify rebate ($10 / €10 per month)
$60 / €60
Total
$230 / €224
MCO value over time
The MCO cards have just been released for UK and EU this spring and have been available in US since last year, and Canada's next. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). Crypto.com is also launching a white label card programme which could further drive demand. No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with your dollars/euros/pounds using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for dollars/euros/pounds. You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
You can transfer money in and out the Crypto.com app without fees using ACH Transfer (US), UK Faster Payments (GBP) or SEPA transfer (Euro).
If you want to upgrade to a higher card level, the costs are $/€ 50 (unless your card hasn't shipped yet).
If you want to cancel your card you pay $/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of $/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Crypto.com MCO Visa card: Free Spotify + 1-5% cashback on all purchases + $50 bonus and more
Crypto.com is now finally shipping their MCO Visa cards in UK & EU! I have received my card last month and immediately got 10% cashback when trying it at Lidl: https://imgur.com/a/ITB39JX People have been reporting arrival of their cards inUK and alloverEurope. I think it's the best rewards card available now in UK & EU :) I'm very enthousiastic about Crypto.com myself and all the products they offer. I'll try to explain here as clearly as I can. I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below).
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
Now till the end of June: 10% cashback at Sainsbury's, Tesco, Lidl, Aldi, McDonald's, Uber Eats, Domino's and more (5% with the free card, details here)
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for pounds/euros, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around £4,05 / €4,50, meaning that you have to lock £203 / €225 for six months to get the Ruby Steel card. You'll earn this back in about 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ £203 / €225)
500 MCO (~ £2030 / €2250)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of £1000 / €1000 monthly with the card and that you use Spotify. After 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of £102 / € 213 (see below about price expectation).
Value
$50 bonus immediately after staking
£40 / €44
2% cashback on all purchases with the card (assuming montly spend of £1000 / €1000 during 7 months)
£120 / €120
Spotify rebate (£10 / €10 per month)
£60 / €60
Total
£220 / €224
MCO price
The MCO cards have just been released for UK and EU. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card with pound / euros using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for euros (in the near future for pounds as well). You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minumum).
SEPA Euro bank transfers in and out of your Crypto.com account are available now, but GBP bank transfers are not possible right now since they're switching providers. It should be possible again soon.
If you want to upgrade to a higher card level, the costs are £/€ 50 (unless your card hasn't shipped yet)
If you want to cancel your card you pay £/€ 50, but only if there is still any money left unspent on the card.
If you don't use your card for 12 months, an inactivity fee of £/€ 5 per month will be charged if you have available balance on your card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
What is Nexo? / A quick introduction for new users
What is Nexo? Nexo — Better Than Any Bank Account. A quick introduction for new users If you came across the #NEXO Token, it probably means that you are moving in the crypto world - bitcoin, tokens, blockchain, etc. 🔹Nexo (https://nexo.io) provides the world’s first instant crypto credit lines. In a regular bank, as we know them from our lives, we usually borrow money and use a house, an apartment, or another real estate as collateral. Loan approval and processing may sometimes take up to several weeks. Nexo, by contrast, will approve your loan in a matter of seconds and the money will be sent to your account right away. 🔹THERE ARE 3 WAYS YOU CAN RECEIVE YOUR MONEY:
Instantly withdraw your loan in USDT
Directly in your personal bank account, usually takes one business day (the maximum is 3 days). Nexo supports 45 currencies and 200 countries worldwide
- Interest rates from 5.9% to 11.90%https://medium.com/nexo/improved-nexo-staking-policy-for-credit-line-discounts-9b896cc34b93 - Loan amounts from $500 to $2 million - Installment calendar = you can repay anytime you want - regularly, irregularly - it's up to you. You pay interest only for the days you have used the loan - You have 1 year to repay the loan, if you do not repay it, the loan will be automatically extended for another year 🔹Nexo ACCEPTS: #BTC #ETH #LTC #BCH #BNB #NEXO #EOS #XRP #XLM #PAXG (additional assets will be added) as collateral for your loan and helps you keep your assets and their ability to increase in value without the having to sell them Nexo helps you with your tax situation. https://medium.com/nexo/how-to-ease-your-crypto-tax-burden-f3f536c098d8 With Nexo you can enjoy your crypto wealth today without selling your assets. The first crypto bank 🔹EVALUATION OF YOUR ASSETS:
- Yield up to 8% compounding interest per year. - The income is credited to you daily. - No deposit commitment. - No deposit fees. - No withdrawal fees 🔹#NEXO TOKEN - 3in1 The #NEXO Token and its benefits for the token holder:
Dividends - passive income - Nexo shares 30% of its profits with #NEXO Token holders in the form of dividends
(The previous dividends were paid out in 2018 and 2019 and amounted to a total of roughly $3,300,000)
Discounts and Bonuses
With Nexo, you can stake #NEXO Tokens to receive the following bonuses 50% discount on accrued interest via staking of #NEXO Tokens 25% bonus interest on deposited assets
Exchange tradability
Possibility to earn on the rising price of the #NEXO Тoken. 🔹FACTS: - On December 15, 2018 Nexo distributed the first dividend 7 months after opening in the amount of $ 900,000 / 4.80% ROI - On August 15, 2019, Nexo distributed a second dividend of $ 2,400,000 / 12.72% ROI - NEXO made a net profit of $ 11,000,000 in its first 14 months of operation - NEXO has brokered loans of $ 2,500,000,000 since the launch of the www.nexo.io platform - Nexo registers 750,000 platform users - The Nexo Wallet App is now available for all iOS and Android - Nexo has $100 million insurance of all custоdial assets stored with the world’s leading crypto custodian BitGo. 🔹IN PROCESS: - Dividend payment No.3 - Credit card with 2% cash-back - Other benefits of #NEXO Token - New assets will be added to the platform - Regular dividends / several times a year - Affiliate program - Website redesign - Stock exchanges ---------------------------------------------- 🇬🇧 NEXO Official Telegram https://t.me/nexofinance 🔊 Notification channel: https://t.me/nexonews Statistics of #USDT loans https://nexostatistics.com ---------------------------------------------- Update in English from 8.6.2020
Guide: Crypto.com MCO Visa card: Free Spotify + 1-5% cashback on all purchases + $50 bonus and more
I thought this is a great money-saving opportunity, so I'm sharing it here :) Crypto.com is now finally shipping their MCO Visa cards in UK & EU (in addition to US)! People have been reporting arrival of their cards inUK and alloverEurope. I think it's the best rewards card available now :) I'm very enthousiastic about Crypto.com myself and all the products they offer. I'll try to explain here as clearly as I can. I would appreciate it if you'd sign up through my link: https://platinum.crypto.com/sxzbhwuqje or use code sxzbhwuqje in the app. You will also be eligible for the $50 bonus then (see below). Non-ref link (no bonus): https://crypto.com
What is Crypto.com?
Crypto.com offers an app with which you can easily buy and sell cryptocurrencies without additional cost. The company exists since 2016 (back then under the name Monaco, hence the MCO abbreviation) and now they have 2 million users. Next to trading within the app you can also get interest on your cryptocurrencies up to 12% (complete overview here), similar to the likes of Celsius and BlockFi.
The MCO Visa card
Through their app Crypto.com also offers the MCO Visa card. This is a debit Visa card tied to the MCO cryptocurrency. There are 5 different card tiers and you get:
a metal card (except the free tier)
no monthly fees
$50 bonus when applying for the card (except the free tier), which you can cash out immediately
Cashback up to 5% on all purchases made with the card (realistically up to 3%)
100% cashback on Spotify each month (all except free tier)
100% cashback on Netflix each month (3rd tier and up)
Free access to airport lounges with the higher tiers
All cashbacks and bonuses are paid in the MCO cryptocurrency. You can immediately sell the MCO in the app for euros/dollars, which you can use again for purchases with the card if you want. To get one of the non-free card tiers you need to buy MCO coin and stake them, which means holding on to them for 6 months. After the 6 months you can sell them again at the then current rate. The price of MCO is currently around €4 / $4.50, meaning that you have to lock €200 / $225 for six months to get the Ruby Steel card. You'll earn this back in about 6 months (see below), These are the lower three card tiers:
Card Tier
Midnight Blue
Ruby Steel
Jade Green/Royal Indigo
Stake (hold)
None (free card)
50 MCO (~ €200 / $225)
500 MCO (~ €2000 / $2250)
Bonus after staking
None
$50 (in MCO)
$50 (in MCO)
Cashback %
1%
2%
3%
Monthly Spotify Rebate
No
Yes
Yes
Monthly Netflix Rebate
No
No
Yes
LoungeKey Airport Lounge Access
No
No
Yes
Metal card
No
Yes
Yes
Calculation example payback time (6 months)
Below I've made an example calculation for the payback time of the Ruby Steel card, assuming a spend of €1000 / $1000 monthly with the card and that you use Spotify. After 6 months you will have earned back your initial investment :) But, additionally you also the worth of your MCO coins that you locked for 6 months. Even if they would be worth only half of what they are worth today, you'd still have a value of €100 / $113 (see below about price expectation).
Value
$50 bonus immediately after staking
€44 / $50
2% cashback on all purchases with the card (assuming montly spend of €1000 / $1000 during 6 months)
€120 / $120
Spotify rebate (€10 / $10 per month)
€60 / $60
Total
€224 / $230
MCO price
The MCO cards have just been released for UK and EU and have been available in US since last year. Because especially in EU cashback cards are not common, I expect that lots of people would be interested in getting a cashback card like this one. The good thing about that is that the demand for MCO coin would increase (because people need to lock them for 6 months) and I expect that the price of MCO will rise then (there are only 16 million of them, less than Bitcoins). No guarantees, this is my personal opinion :) I advise you to think about it yourself.
Notes
You can easily top up your MCO Visa card using a credit/debit card without any fees.
All bonuses and cashbacks are paid in MCO coin. You can immediately sell them through the app (minimum 4,5) for euros/dollars (in the near future for pounds as well). You can then spend these again with your card or withdraw to your bank account (minimum $100 equiv. but you can top up extra to get to the minimum).
SEPA Euro and ACH US bank transfers in and out of your Crypto.com account are free! GBP bank transfers are not possible right now since they're switching providers. It should be possible again soon.
If you want to upgrade to a higher card level, the costs are €/$ 50 (unless your card hasn't shipped yet)
If you want to cancel your card you pay €/$ 50, but only if there is still any money left unspent on the card.
Their support department is currently quite overwhelmed so it can take a few days before you get a response.
Tip: if you use a Curve card you can use the 'Go Back in Time' feature to switch purchases from the last 90 days to your MCO card and get cashback for them!
Bitcoin is stuck in an ever-tightening range between $10.5K and $10.8K and appears set for a breakout, though options trading suggests $16K might represent an upper bound in 2020. Markets That transaction alone perfectly shows the dramatic change in value that Bitcoin has experienced over the years. 2011 and Earlier. The very first major jump in Bitcoin price took place in July 2010. At this point, the value of Bitcoin went from about $0.0008 all the way up to $0.08, a truly dramatic increase in price. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. Bitcoin - British Pound Sterling Chart (BTC/GBP) Conversion rate for Bitcoin to GBP for today is £8,377.54. It has a current circulating supply of 18.5 Million coins and a total volume exchanged of £15,699,154,313 Square’s Bitcoin Investment Made $2 Million Over The Last 24 Hours Cointelegraph 12 hrs ago Bullish trend reversal underway as Bitcoin price holds above $11,000
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