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Chin Guo Qiang (ITIL4 / CSPO / CSM)

Assistant Vice President, IT Operations at Bank of China Limited

04 May 2020

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Credit Cards

Can we buy MCO Tokens from the stored value in MCO Card ?

Are we able to rebuy MCO tokens directly from crypto.com MCO VISA Card, as there is stored value from previous cryptocurrency conversion (ie. from CRO, Bitcoin (BTC), LiteCoin (LTC), Etherum (ETH)).

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Card balance within the MCO visa card can only be used for spending and overseas ATM withdrawals.

If you wish to purchase cryptocurrencies, it is most recommended to use Xfers local bank transfer to fund your Xfers SGD Fiat wallet, which allows you to buy cryptocurrencies fast and with no fees. Do note that if you were to buy cryptocurrencies using debit/credit card, in addtion to the 3.5% fee charged by crypto.com, various users have reported they are charged additional fees by their banks.

Individual credit/debit card companies and banks may charge additional fees which might not appear in your bank statement until after the transaction is posted.

These addtional fees include dynamic currency conversion (DCC) fees and cash advance fees (if transaction is classified as quasi-cash). ​​​

No. The value inside the MCO card cannot be used to buy crypto. Instead you can use the money inside the fiat wallet (eg Xfers) to buy crypto. They are different accounts in the app.

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