What do you mean “as expected”? it didn’t pay 100% of it, right?
Also spotify costs 9.99gbp, ,what’s wrong?
Netflix and spotify should be 100% cashback with the 3.5k tier.
Got it 100% back for netflix but not for spotiy
Ops my fault it’s just the next line.
So you also get normal cashback on top not only the card rebate.
Did you get 100% cashback for the swiss netflix? I thought it was topped to 9.99usd.
Nope, max 12.90 usd (20 chars)
at what price level its a no brainer to just dump the 3.5k in?
At any price as long as you don’t mind it going to 0. (Don’t invest money you can’t afford to lose etc.)
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It’s always 3.5k.
The math you may want to do is how long you’re willing to “wait” until the card has paid for itself.
Say you get a Ruby card. Use it to pay for Spotify and EUR 1000 of spending and it’ll generate just under EUR 350 in cashback and Spotify rebate in 12 months.
If you get the EUR 3.5k tier, you’ll have to spend EUR 9000 per month and use Spotify + Netflix for EUR 3480 in cashback and rebates in 12 months.
NB: These are very rough summaries and I’m not taking into account staking rewards or opportunities to churn by buying gift cards in CRO etc. I’m assuming EUR 9 for Spotify and EUR 11 for Netflix.
We can probably split to another topic but since we discussed about how to get api data in sheets.
I just discovered http://cryptosheets.com which is free to use (beginner plan) and can be installed in excel for mac too.
In excel just use =CS.PRICE(“BTC”, “USD”)
It also has plugins for specific exchanges and even live updates
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Thank you for sharing this!
Sorry as well for the off topic but it made me think and I found that it’s also possible to get the stock market price using Excel (I thought it was only possible using Google sheets)
https://support.microsoft.com/en-us/office/get-a-stock-quote-e5af3212-e024-4d4c-bea0-623cf07fbc54
Does anybody knows when the Earn Option is gonna be avaliable for Switzerland? I would like to stake some Cardano with them you can even get up to 12% with stable coins. Unforntantly the Earn Option is not displayed yet. So Crypto.com would be interesting only to save some Money with Netflix and Spotify and get some return on Cro,right?
You can move coins to the Crypto Exchange and earn there.
From the app → withdrawal → crypto.com exchange (register and link your account first)
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Someone has to open a new thread about all those staking 'cause I don’t get why they do that and how they make money.
Also explain maybe the whole crypto.com app/exchange/wallet etc.
On a side note, I’m really @Cortana …I mean CROtana. I bought=> it falls.
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It will not be available, what you can do however is to install the crypto.org defi wallet and connect it with the crypto.com app. Then you can move the funds you want to stake over and earn the 12-13% on it. 12% only applies to CRO tokens tho.
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Funny. They have my Swiss address but never deactivated Earn for me since moving from Germany.
That’s easy, they usually have the biggest stake themselves and stake it too. So every one else experiences inflation while the big players keep their buying power.
I am pretty sure there must be some crypto project with this feature or in their roadmap. Maybe that is a good investment?
Or otherwise, try to chose “pick and shovels” projects. Right now I feel that most people (me included) to make some cash rather than for the value/utility that any coin brings…
I have a hard time understanding how can their card business model can be profitable. I guess they are only able to do cashback/CROback with such high yields because they pay in CRO. But that should be creating a huge dilution. As long as people stake it’s fine, but if there is a “bank rush” the price should implode.
They said its a losing buisness model, they make money with the exchange. Its mostly marketing (and the promise from the ICO).
Also expect the rates to be changed whenever they like, there is some shady stuff out in the web.
The main difference is that the CRO is a utility token. It is used within the ecosystem. Everytime you move money/crypto in the chain (in the exchange, on the DeFi wallet app, and so on), CRO is used as fuel. You use it to pay fees as well. So the whole tokenomics is totally different that just a loyalty point system, same with all utility token.
And don’t expect “huge” return. Just free money. CRO might be 3$ in two-three years maximum, so it will probably not be lifechanging gains anyway. Unless they burn a hell of a lot of coins and make a lot of people really rich ^^
I already link this article that should answer quit a bit of your questions : Crypto.com cash/cryptoback credit card - #65 by Zurtan
Otherwise I’ll try to ultra resume :
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Staking : originally, the main role of stacking is not to make money, but it’s to make the chain running. I invite you to read more on how the Proof of Stake mecanism work for this kind of blockchain. On a nutshell : you need validators that validate the transactions, and to be recognized as validator they need to have the utility token staked, to proof their legit. They are rewarded for their work as validators. This reward is shared between all the people that staked the coin in their pool, to help them being legit validators.
So by staking you are helping the chain running, and you are rewarded in exchange. It’s not just an investment. The fact that you have a %interest is, once again, a byproduct. -
Crypto**.com** is the company (the app, the exchange). Crypto**.org** is the blockchain.
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Crypto.com app : link to the debit card, permit buy/sell operations (with a high spread), plus other stuff like supercharger, earn
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Crypto.com Exchange app : a crypto exchange to buy/sell cryptos. Exactly like coinbasepro, krakenpro, binance… just an exchange (with low fees, paid in CRO)
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Crypto.com DeFi wallet : a wallet on the Crypto.org chain. Is used to interact with the blockchain itself, and permit DeFi activities, like staking, interacting with dApps…
How they make money : simple, by taken big commisions on spread when people use the app to buy/sell cryptos. And I think most of the basic users use only the app. And they really push hard to have a lot of basic users. They win on fees as well. And by staking the coins you have blocked for the card. Everything put toghether, I think they still make money even with the cashback.
I hope it helps 
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