Guide on How to Get Crypto.com Visa Card

What is Crypto.com Credit Card? The credit card is a crypto-backed card provided by Crypto.com – one of the best crypto apps on the market. Most investors will have heard of Crypto.com because of the platform’s low fees and user-friendly trading experience. In addition to Crypto.com’s extensive investment features, the platform also offers a dedicated [...]

Guide on How to Get Crypto.com Visa Card

What is Crypto.com Credit Card?

The credit card is a crypto-backed card provided by Crypto.com – one of the best crypto apps on the market. Most investors will have heard of Crypto.com because of the platform’s low fees and user-friendly trading experience.

In addition to Crypto.com’s extensive investment features, the platform also offers a dedicated crypto card. The debit card is available to all users and acts in the same way as a prepaid card. This approach means that the card does not need to be linked to an active bank account to facilitate transactions, and instead can be reloaded whenever the user wishes.

The fundamental distinction between crypto-backed cards, such as the Crypto.com Visa Card, and traditional debit cards is that the former allows users to fund their card balance using cryptocurrencies. Ultimately, this means that users can buy Bitcoin (or any other supported digital currency) and then use it to pay for goods and services.

For users interested in obtaining a Visa card, the only requirement is that they must have CRO tokens – The native currency of Crypto.com. Once CRO ownership is confirmed, users can apply for the card through the mobile app and Crypto.com will ship it for free. Finally, in visual terms, the Crypto.com card is an aesthetically pleasing metal card with no recurring fee attached, which is in stark contrast to many other metal card providers.

How does it work?

Using a crypto card for the first time can be a bit daunting, which means it’s a good idea to understand how the card works before using it for transactions. Relating this to the Crypto.com card, users can easily recharge the balance of the card through the application using a credit/debit card, FIAT currency or cryptocurrency.

It is important to note that Crypto.com offers flexibility for those who do not wish to use crypto, ensuring that the card appeals to a wide audience of potential users. Another great feature is that US-based users can top up the Crypto.com card instantly using PayPal, although a A transaction fee of 2.1% is attached to this process.

However, if you want to use crypto to make payments, this is extremely simple to do. As Crypto.com is one of the best cryptocurrency exchanges, users can instantly buy cryptocurrencies through the Crypto.com app and then use these cryptocurrency holdings to fund the card balance.

How to apply

Step 1 – Download the Crypto.com app and sign up

Download the Crypto.com mobile app from App Store or Google Play and tap ‘Sign Up’. Enter your full name and email address, then choose a username and password for your account.

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Step 2: Verify your account

Before buying cryptocurrencies through the Crypto.com app, you will need to verify your account. You will need to provide your full legal name and a photo of your government-issued identification (for example, your passport or driver’s license).

Finally, you will also have to take a selfie to verify the accuracy of the documents. Once these tasks are complete, Crypto.com will begin the verification process, which will take anywhere from a few hours to several business days.

Step 3 – Buy CRO

Once you are verified, you can proceed to purchase CRO through the Crypto.com app. The easiest way to do this is through a credit/debit card, which you can link during the checkout process. All you need to do is tap ‘Buy’ in the app, select CRO, and then follow the on-screen instructions to complete your purchase.

All users must possess CRO to be eligible for the Crypto.com Visa Card. However, the Midnight Blue tier does not require CRO participation, while the other tiers do, so make sure you get the necessary CRO for the tier you are interested in.

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Step 4: request the card

After you have purchased CRO, tap the ‘Card’ icon at the bottom right of the home page. You can then select the level you want, wager the amount of CRO required for your level, and confirm your delivery address. Once these steps are complete, they will begin the process of shipping your new card.

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Step 5 – Get started

You can easily monitor your card by checking the “Card Status” section of the mobile app. US users can expect to receive their Visa card within 7-14 business days. Once the card arrives, click ‘Activate my card’ in the app, enter the 3-digit CVV number of your card, and create a PIN. After this, you can top up the card through the app and start using it right away.

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DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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source: news.coincu.com