Crypto.com Referral Code: psmu8km4zv – $25 Bonus [May 2024]

The Crypto.com referral program rewards both new and existing users $25 worth of BTC for every successful referral. New users can use the Crypto.com referral code: psmu8km4zv upon registration to receive the referral bonus. To qualify for the Crypto.com referral bonus, new users must stake CRO (Crypto.com Visa Card Reservation). Below is a step-by-step guide on how to earn the $25 bonus when you use our Crypto.com referral code.

Crypto.com Exchange-based Referral Bonus

Exchange-based incentives apply to people who invite friends to the crypto trading offering. To earn these rewards, an invitee has to register using your referral link or code and stake the platform’s native tokens, CRO. Click this Crypto.com referral link or use this Crypto.com referral code: psmu8km4zv to sign up for Crypto.com to get your bonus. Note that the amount of CRO coins staked determines the amount of Crypto.com sign-up bonus you earn.

For example, the first stake of between 1,000 and 4,999 CROs earns the referrer and the referee $10, while a stake of over 5,000 CROs earns a $50 reward. Note that the network distributes exchange referral bonuses using its base asset. In addition to staking the native asset, the referee needs to go through the advanced know-your-customer (KYC) procedure. Two key KYC requirements for this level include submitting a selfie and a government-issued identification document.

There’s no limit on the number of friends you can invite. Although the bonus goes to both the referrer and the referee, the referrer receives more rewards. For example, you get 50 percent of your invitee’s trading fees for one year. It’s not all up to the person you refer; you also need to complete the advanced level KYC verification and stake a minimum of 1,000 CRO tokens on the exchange to receive rewards.

If the referrer fails to meet these conditions, referral rewards are put on hold, and they aren’t able to earn a percentage of their referral’s trading fees. The company releases the bonuses on hold once the referrer meets the conditions.

Crypto.com Bonuses for New Users

What if no one invites you to the platform? Luckily, you can still earn rewards for using Crypto.com.

New Crypto.com exchange users receive a two percent deposit bonus in native tokens. However, the deposits have to be made on-chain, not via a transfer from the exchange to the app. Also, a new user can earn between 20 and 100 percent discounts on trading fees when they stake and pay trading charges using the base asset.

Crypto.com Security

The platform implements one of the most rigorous security protocols on the market. For example, it screens deposits to ensure they comply with set rules. Also, a dedicated team keeps track of all transactions. In this way, the platform eliminates misjudgment scenarios that are common with machine-based transaction monitoring. For storing virtual currencies, Crypto.com and Ledger have a partnership that allows the platform to use Ledger Vault, a corporate-focused cold storage offering.

Apart from the vault, Crypto.com uses HSMs (hardware security modules) and operates multi-signature-enabled wallets to boost the security of deposited funds. The platform goes even deeper to insure stored virtual currencies against theft and physical destruction of its hardware wallets. The platform’s insurance covers up to 360 million USD worth of crypto. HSMs are used with hot wallets holding institutional funds to facilitate smooth day-to-day trading.

For fiat currencies, Crypto.com uses approved custodian bank accounts insured by the Federal Deposit Insurance Corporation (FDIC) up to a maximum of $250K. This approach allows users to retain full ownership of the money they store in these accounts. Note that FDIC insurance only covers users in the United States.

Crypto.com protects users against malicious withdrawals by employing MFA (multi-factor authentication) and withdrawal address whitelisting, among other measures.

Crypto.org Chain

Crypto.org Chain is a next-generation public blockchain that power decentralized finance (DeFi), non-fungible tokens (NFTs), and payments. Mainly, it focuses on speed and low transaction charges, two of the biggest hindrances to mass blockchain technology adoption.

The decentralized network supports developers, partners, and the general community. Crypto.org Chain Explorer facilitates transaction querying on the distributed network.

Crypto.com Coin (CRO) and Monaco Coin (MCO)

The platform operates with two tokens CRO and MCO. MCO is the oldest and debuted when the network was known as Monaco Technologies. MCO uses ERC-20 token standards on the Ethereum blockchain and was issued to investors in 2017 during an initial coin offering that raked in 26.7 million USD. During its distribution, the founders, public sale, company, and reserve got 10, 30, 25, and 30 percent, respectively.

The CRO token is the base asset on the Crypto.org Chain. It focuses on settlement and payment. Also, CRO is compatible with Ethereum wallets since it employs Ethereum token standards.

Some benefits of holding CRO include the ability to fully utilize the MCO Visa Card and pay lower transaction fees when you use the native asset.

Crypto.com Products

The platform features an array of products encompassing almost every sector of the cryptocurrency ecosystem. Top among them include:

Crypto Earn – This enables users to earn rewards by staking their CRO wealth. The interest can go as high as 6.5 percent and is paid after seven days. The amount you stake and the staking duration determine how much you earn.
Crypto Credit – This is Crypto.com’s form of cryptocurrency-collateralized loans. The loan-to-value (LTV) ratio can go as high as 50 percent. The borrower decides when to pay, and there are no charges on late repayment.
com Pay – This facilitates payments using selected virtual currencies such as Bitcoin (BTC), CRO, Litecoin (LTC), and USD Coin (USDC).
com Metal Visa Card – This is a Visa card enabling credit-card-based uses such as paying for goods and services and withdrawing fiat currencies at ATMs. You can top up the card using bank transfers and virtual currencies.
com Mobile Application – This provides the peace of mind Crypto.com users need while on the go.
DeFi Wallet – This product eases interaction with the DeFi world.
com Exchange – This provides a one-stop place for crypto spot, margin, and futures trading.

Where Does Crypto.com Stand in The Competition

Crypto.com’s diverse features and offerings give it an upper hand in the cryptocurrency sector. For example, offering FDIC-insured deposits helps the company win trust and attract users. It uses cutting-edge security features like external address whitelisting, using cold storage, and using multi-signature wallets, making it on par with leading virtual currency platforms such as Binance.

Additionally, its wide range of products makes it possible for users to access different corners of the cryptocurrency sector from one central point. For instance, users can switch from being spot traders to being liquidity providers on a DeFi protocol without leaving Crypto.com. Its referral program is among the most lucrative in the market.

There are other referral programs that can help you earn more. Check out Coinbase Referral and CoinMetro Referral articles.

Conclusion

Crypto.com gives both new and existing users a chance to boost their earnings through the Crypto.com referral program. Who doesn’t want a $25 bonus for free, right? Crypto.com is a cryptocurrency platform offering cryptocurrency-based services. Its main products revolve around decentralized finance (DeFi), crypto exchange, lending, credit card, and blockchain. Its exchange platform provides essential services like spot, derivatives, and margin trading. For investors with a knack for newly released virtual currencies, the Syndicate option offers discounted prices.

If you are looking for a buffet of crypto-backed products and services under one roof, look no further. Crypto.com caters to margin, futures, and spot traders on a global scale. Additionally, it tackles the payments arena and the decentralized finance space right on the same platform. The network allows users to access crypto-backed loans and lets users decide when to repay the loan without incurring late repayment charges. Crypto.com understands it’s a busy world. Consequently, it provides an easy-to-use and professionally designed mobile application. The platform’s fees are among the lowest in the industry.

If you have already made up your mind about Crypto.com, sign up using this Crypto.com referral code: psmu8km4zv to get your sign-up bonus. Need more information regarding Crypto.com? Read our Crypto.com Review and discover if its products function as advertised.