For starters do your own diligence. Crypto is risky stuff.
Now they donāt issue the card in SG which I think is the main attraction. Waiting for new supplier. Some on the Telegram community say now not even accepting new users. You can check for yourself if now can alr.
Pros is the Earn program can earn high interest which on surface 18% pa paid weekly is great but you need consider the price of the coin also. Since you need to stake min 5000CRO est 1000SGD for earn, drop maybe 5% and you would still make a net loss. (Didnt do the math)
Recently they just had an unscheduled maintenance. Couldnāt withdraw or check funds for like a day. The people use the exchange to trade were more so affected cause they had orders that couldnāt be fulfilled. But in the end the issue was resolved so thereās a matter of whether you trust the crypto.com team too. Personally I still like the teamās fast response and still trust them.
Personally, I bought a coin called EGLD which Iām holding. Based on my research, the tech is best allowing faster transaction speeds than BTC ETH and even Visa. Then again it recently crashed and I have a paper loss that I donāt intend to realise. Meanwhile others on the Telegram say they will be buying more.
A con might be some stuff coming to the Binance before crypto.com. Like before EGLD, the token was called ERD. And people who hold ERD need to swap to EGLD. And the swap came to Binance first and crypto.com I think a week later.
Theres a pro more so for whales which are rich people who buy alot of crypto. They can participate in an event called Syndicate which is basically free coin. Iāll leave it to you to research on it. I personally donāt participate.
If you decide to join, remember to also join the SG crypto.com Telegram group. You can get questions answered more directly there. But beware of scammers on Telegram too. They see you just join the group will come target you.
For starters do your own diligence. Crypto is risky stuff.
Now they donāt issue the card in SG which I think is the main attraction. Waiting for new supplier. Some on the Telegram community say now not even accepting new users. You can check for yourself if now can alr.
Pros is the Earn program can earn high interest which on surface 18% pa paid weekly is great but you need consider the price of the coin also. Since you need to stake min 5000CRO est 1000SGD for earn, drop maybe 5% and you would still make a net loss. (Didnt do the math)
Recently they just had an unscheduled maintenance. Couldnāt withdraw or check funds for like a day. The people use the exchange to trade were more so affected cause they had orders that couldnāt be fulfilled. But in the end the issue was resolved so thereās a matter of whether you trust the crypto.com team too. Personally I still like the teamās fast response and still trust them.
Personally, I bought a coin called EGLD which Iām holding. Based on my research, the tech is best allowing faster transaction speeds than BTC ETH and even Visa. Then again it recently crashed and I have a paper loss that I donāt intend to realise. Meanwhile others on the Telegram say they will be buying more.
A con might be some stuff coming to the Binance before crypto.com. Like before EGLD, the token was called ERD. And people who hold ERD need to swap to EGLD. And the swap came to Binance first and crypto.com I think a week later.
Theres a pro more so for whales which are rich people who buy alot of crypto. They can participate in an event called Syndicate which is basically free coin. Iāll leave it to you to research on it. I personally donāt participate.
If you decide to join, remember to also join the SG crypto.com Telegram group. You can get questions answered more directly there. But beware of scammers on Telegram too. They see you just join the group will come target you.