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πŸ”₯ Stake you crypto and get Passive Income!

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@resiliencia
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Hello!

I have been using the Crypto.com app on my smartphone for over 3 months and I want to share my experience with the staking platform "Crypto Earn".

To be able to qualify for the rewards you don't need to stake any MCO tokens, which is 1 of the 2 tokens of the platform. The other one is CRO which is the one with more APR% offered. However if you stake 500 MCO or more the APR% of any of the supported cryptocurrencies increases significantly.

There are a lot of cryptocurrencies supported for staking, and between them some stablecoins. For example you can stake: BTC, ETH, LTC, XRP, BNB, BAT, EOS, XLM, USDC, USDT, TrueUSD...

You have 3 time-frame options:

  • 3 month, with the highest APR%.

  • 1 month.

  • Flexible with the lowest APR% but your coins are available at any time.

The dividends are paid weekly

I am actually staking some cryptos at the "Flexible" and "3 month" staking and I am earning consistenly a quite good APR%. I love how smooth and consistent is the experience, the app is reliable.

The negative part of the experience is that they are also offering a Crypto VISA card that I ordered last year, today I still don't have the Card with me. The answer I get is that the Card issuance for Europe is slowly being deployed, and it will take time to receive mine.

Last week I read an article by @vlemon that scared me a lot, it was regarding the Wirecard payment company that issues almost all of the Crypto Cards. You can read it here.

I checked the website and I found the following:

The Card is issued by Wirecard Card Solutions Ltd (β€œWDCS”) pursuant to licence from Visa. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051).

So, I am not sure if I will use the Credit Card even if I receive it.
Let's see how this story ends, but it doesn't look good at all.

Enjoy! 😊

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