Category: Trading & Investing

10000 ETH Giveaway by Vitalik Buterin Scam

Trading & Investing

If you watch videos on Youtube from time to time on the topics of finance, Bitcoin, Ethereum and crypto currencies, you will surely come across this commercial. Even at respectable Youtubers this advertisement appears constantly. Most people should be aware that this is a scam. But there are also many people who are in good faith and do not always see the evil in people. If they see these advertisements on a YouTube channel that they actually trust, it is quite possible that they will fall for it. This is a scam. If you send your ETH to this address, the money is gone. Of course Vitalik Buterin has nothing to do with the whole thing. The same commercial is also seen with Bitcoin and other crypto currencies. So please don’t fall for it, guys. This is a scam. The ad says: 10000 ETH Giveaway by Vitalik Buterin ETH Halving 2020 To participate you just need to send between 5 ETH TO 500 ETH to the contribution address and we will immediately send you back between 10 ETH to 1000 ETH to the address you sent it from. The minimum contribution is 5 ETH The maximum contribution is 500 ETH[…]

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That’s why I buy MCO Tokens from Crypto.com

Trading & Investing

Those who have the Crypto.com App installed on their smartphone have access to a wide range of functions in the area of crypto currencies, Fiat money and payments by Visa card. The company Crypto.com has 2 own crypto currencies, namely CRO and MCO. In the last few weeks I have more or less stocked up on CRO, but in the next weeks and months I will buy MCO Token in addition. What is CRO? CRO is the second crypto currency of Crypto.com and is primarily required if you wish to trade at Crypto.com Exchange or if you wish to participate in Syndcate Events. Furthermore, there is up to 18% interest when staking CRO Token in your APP and even up to 20% interest when staking CRO Token at Crypto.com Exchange. Therefore the demand for CRO is quite high and the currency has appreciated significantly in value in the last weeks and months. However, I do not want to discuss the currency CRO further here today, but rather take a closer look at the MCO. What is MCO? MCO is the first crypto currency of the company Crypto.com and is primarily needed to get one of the Visa cards made of[…]

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MCO Visa Card has been reactivated

Trading & Investing

Those who used their Crypto.com app today will have received the following message: Your MCO Visa Card Has Been Reactivated Kindly note that the card balance was refunded to your crypto wallet last week, please top up your card before using it. I wasn’t expecting that. It’s nice that I can use my Ruby Steel Card after only 3 days. Unfortunately the 10% Cash back promotion will be over tomorrow.

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Balance on the MCO Visa card was converted to USDC stable coin

Trading & Investing

If you still had a balance on your MCO Visa card, you will have noticed that the equivalent value was changed into USDC stable coins when you opened the Crypto.com app. The message in the app says: MCO Visa prepaid card balance converted to stable coin due to Wirecard insolvency. If you check your Crypto Wallet you will find the USD Coin (USDC) credit. I had just in time withdrawn my remaining balance at the ATM. But there was still a remaining amount of €2,72 on it and this was simply converted into USDC. If you did not withdraw your money in time, you can now sell your USDC stable coins and transfer the money to your bank account. I have to say that Crypto.com reacted quickly and correctly here. Of course everything still works in the app. Only the Visa card is not working anymore. I think that’s a pity, because now I have to shop without the 2% cashback of my Ruby Steel card and again mainly use my ING Visa card. By the way, I would recommend to keep the MCO card. Who knows, maybe Crypto.com will find a solution very quickly and reactivate the cards. If[…]

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Crypto.com: MCO Visa card can no longer be used for the time being

Trading & Investing

Well, the Wirecard disaster has finally led to the fact that the MCO Visa cards from Crypto.com can no longer be used for the time being. In a statement from Crypto.com it says today: Translated with www.DeepL.com/Translator (free version) Our statement regarding MCO Visa Cards issued by Wirecard UK for Europe Following a notice regarding Wirecard UK by the FCA, we have just been requested to stop all activity on our card programs in the UK and Europe. Our customers in those two regions will not be able to top-up their cards or transact later today. Our customer funds are safe. Our team is working on processing credits to the crypto wallets equivalent to the fiat balances held on the cards. We expect this to be completed within 48 hours. Separately, we’re working on transferring the card program to a new provider, so that we can resume the issuing of cards in the UK and Europe and allow existing and new customers to benefit from our card program again. We apologize for the inconvenience this has caused you. As I still had €122 Fiat money in my MCO Visa Card account, I quickly ran to the ATM and tried to[…]

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Crypto.com 10% Cash Back at Aldi

Trading & Investing

I was quite surprised yesterday. I had bought a little something from Aldi during my lunch break and paid with my MCO Visa card. And as usual, my cash back was immediately credited to my Crypto.com app. But wait a minute… my whole purchase did only cost €2.37, but I got €0.24 refunded. That’s more than 10% !!! So I googled “cash rebate deliveries crypto.com” and found this post. So it’s true, in April, May and June, due to the Corona crisis, if you have a Crypto.com MCO Visa Card made of Metal, which Ruby Steel is, you get a full 10% Cash Back on purchases at the following brands: Aldi Auchen Carrefour Costco Deliveroo Dominos DoorDash Eat.ch Edeka Emart FairPrice Foodora Foodpanda Franprix Glovo GrabFood HKTVmall Instacart Just Eat Kaufland Kroger LEON Lidl Lieferando M&S McDonald’s Menulog Mercadona MetroMart Migros Monoprix Ocado PARKnSHOP Pret Sainsbury’s Sheng Siong Super U Takeaway.com Tesco UberEATS Waitrose WalMart Whole Foods market Woolworths Too bad I didn’t know that before. Update: Fortunately the 10% Cash Back Promotion has been extended until the end of September. I was surprised that I still got a 10% refund when shopping at Aldi. Crypro.com is just awesome.

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Send crypto currencies to Crypto.com App users free of charge

Trading & Investing

With the Crypto.com app I can of course send crypto currencies like Bitcoin, Ethereum, Chainlink etc. to other wallets with total ease. Usually there are fees for each transaction, which pay the miners. However, if I send a crypto currency from my Crypto.com app to another user of the app, I don’t pay for it. How can I send crypto currencies to another Crypto.com user? The first thing you need to do is click on the Crypto.com Sympol in the middle of the taskbar: Then you click on “Pay”: Now click on “send”: You will now see the contacts from your address book who also use the Crypto.com app. Of course, you have to give the app permission first. Click on the person you want to send money to. You will now be shown the crypto currencies that you hold in your wallet. Select the currency you want to send. As I keep over 10,000 CRO for 3 months in my Crypto Earn Wallet, I even get 10% cashback. In this example, I’ve sent €2 as CRO to Jane Doe. You can switch between the crypto and fiat currency by clicking on the small box when entering the amount. You[…]

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The MCO Visa card from Crypto.com can be topped up with Fiat money.

Trading & Investing

I’ve been a happy user of the Crypto.com app for a few weeks now and a few days ago I received my Ruby Steel card. Crypto currencies are basically still in their infancy and as far as I know only about 1% of the world’s population owns any crypto currency. So there is definitely still some room for improvement. If you don’t want to know anything about crypto currencies and stumble across the Crypto.com app, you’ll probably want to get out of here right away. But many people don’t know that you don’t have to have any crypto currencies on your card account to use the card. All you have to do is load Fiat money onto your card to be able to pay with it. If you want to get the “Midnight Blue” card, you don’t have to buy and hold a single crypto currency. However, with the “Midnight Blue” card there is only 1% cashback on every purchase. If you want more cashback, you have to buy MCO Token and hold it for at least 6 months. But if you have one of the metal cards and the 6 months have passed, you can of course sell the[…]

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What is “Crypto Earn” from Crypto.com?

Trading & Investing

The Crypto.com App has a lot of useful functions. One of them is the sub-account “Crypto Earn”. Crypto Earn works like a savings account, or time deposit account and I earn interest on my crypto currencies there. How do I load crypto currency into my Crypto Earn account? You just have to click on Accounts, then on “Crypto Earn” and then on the + icon. You will now see all the crypto currencies on which you earn interest at Crypto.com. Now select a crypto currency that you already own and have in your crypto.com wallet. Then you choose how long you want to hold the crypto currency. You have the choice between Flexible, 1 month and 3 months. The longer you stake the currency, the higher the interest. On which crypto currencies can I get interest at crypto.com? Currently there are the following 27 crypto currencies that I can hold at Crypto Earn:BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, TGBP, TCAD, TAUD, MCO, BAT, LINK, CRO, MKR, DAI, PAXG, EOS, XLM, ATOM, XTZ, BCH, VET, ICX, ADA and ENJ. The interest is credited to my Crypto Wallet every 7 days. What’s the interest rate I get at Crypto Earn?[…]

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My first purchase with my MCO Visa Card from Crypto.com

Trading & Investing

Today I made my first test purchase with my new MCO Visa Card – Ruby Steel and ordered some stuff from Amazon. The amount was deducted from the balance in my MCO Visa Card account within minutes. I had only ordered a mobile phone cover for €6.99, and exactly €6.99 was charged, which is of course great. But even better is the fact that I was immediately credited 2% of the revenue, i.e. €0.14 as MCO Token (0.03245242 MCO) in my Crypto Wallet. Crypto.com fascinates me more and more every day. I think I’ll upgrade my card soon. Too bad I didn’t get the Jade Green Visa card right away. Translated with www.DeepL.com/Translator (free version)

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What is the Crypto.com app?

Trading & Investing

I came across the Crypto.com app by chance a few weeks ago and was really impressed with its features. Meanwhile I have the so-called MCO Ruby Steel Visa card and I am totally convinced of it, too. But now I don’t want to torture you any longer and show you what the app is capable of. The Crypto.com app is not only a wallet for crypto currencies, but much more. Crypto Wallet Once you have installed the app, you will have a crypto wallet on which you can buy, sell, receive and send a variety of other Altcoins in addition to the most common crypto currencies, such as Bitcoin, Ethereum, Tether, XRP, EOS, Cardano, Chainlink, etc. I especially like the fact that you can send money to other users of the app for free. Exchange If you want to trade with crypto currencies, then “Exchange” is just the right thing for you. I am Hodler myself and therefore I am not interested in Exchange at the moment. Crypto Earn Crypto Earn is also a crypto wallet, but here you earn interest when you hold currencies. You can send crypto currencies for free from your “Crypto Wallet” to “Crypto Earn” and[…]

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I’ve just received my MCO Visa Card “Ruby Steel” from crypto.com

Trading & Investing

I just got back from a Camping Trip and found my new MCO Visa Card “Ruby Steel” from crypto.com in the Mail. When the Status of my Card changed from “Issued” to “Shipped”, it said that it will take approximately 7-14 Days. But in my case it took only 3 or 4 days. I live in Germany and the Card was shipped from the UK, so it arrived pretty quick. Is’n this Card a Beauty? This is how the Back of the Card looks like: It is a Metal Card and valid for 5 Years. I’m currently using a Visa Card from my Bank ING for almost everything, but I guess this card will replace my ING Visa Card, because I will receive a 2% Cashback on everything I’m buying. I will test this Card thoroughly in the coming weeks and write about it, so stay tuned. The Card comes in a neat Box: There is also a Note inside of the Box which reads the following: Thank You. Two simple words, but they have our entire Team behind them. From our humble beginnings until today, customers like you that reserved their cards have demonstrated great faith in Crypto.com and[…]

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$50 crypto.com Coupon (referral code py5n26a7dr)

Trading & Investing

So you are looking for a referral coupon for the crypto.com app, otherwise you probably wouldn’t have landed on this page. It’s easy to earn $50. Just click on this link and get the promo code sent to your email address, or enter the code py5n26a7dr directly into your smartphone. How to get the $50 1.) Download the app at App Store or at Google Play and enter the Crypto.com promo code during setup: py5n26a7dr. 2.) Complete the ID card/driver’s license verification. 3.) Deposit money via SEPA, or as crypto currency to your crypto.com account and buy 50 MCO from it, you must hold it for 6 months (Stake). 4.) Apply for one of the credit cards You will then receive MCO Token worth $50 for free. You can sell these MCO Tokens immediately if you want to. The Visa Card was sent to me after a little more than 2 weeks. However, I can’t sell the 50 MCO Token I bought yet. PS: If you’ve installed the App already and bought MCO, you can still use the Coupon Code to get the $50. Simply log out of the App (under Settings) and enter the Code when you log in[…]

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How can I send Fiat Money to my Crypto.com App?

Trading & Investing

I am totally excited about the Crypto.com app. About 2 weeks ago I came across it by chance and was totally convinced of its features. After you have installed the App and uploaded your data, you can get started. To get any use out of the APP, there must be money in it, of course. Either you send a crypto currency from another wallet to the Crypto.com app, or you deposit real Fiat money, like Euros, Dollars, Pounds etc. How do I send money to the Crypto.com app? First of all you have to select “Accounts” in the app in the bottom bar. There you have the possibility to access your “Crypto Wallets”, “Exchange”, “Crypto Earn” and your “Fiat Wallets”. To deposit money, click on “Fiat Wallet”: Under “Fiat Wallet” you can create several currency accounts. To deposit Euros, simply click on “Set Up New Currency” and select “Euros”. Once your Fiat account appears in the app, you can deposit money into it. To do so, you have to click on “Transfer” and select “Deposit”. You now have the possibility to make a SEPA transfer: Click on Details and you will see the IBAN, BIC/SWIFT Code, Benificiary, Institution Name, Address[…]

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CRO Token (crypto.com) Inflation Rate

Trading & Investing

CRO is a Cryptocurrency from crypto.com that got my Attention a couple of weeks ago. I am so amazed by crypto.com features that I didn’t hesitate very long and opened an Account. If you’re holding CRO in your account and also holding at least 500 MCO, you will receive a whopping 18% interest per year on your CRO Currency. You can not mine CRO, you simply have to buy them and hold them. The circulating supply is increasing because they pay up to 18% interest rate. At the time of this writing the circulating supply is 17.348.401.826 CRO which equals 17.35% of the Total supply. But how many CRO are added every day? I couldn’t find that Information, so I will simply write down the circulating supply on a weekly basis which should give us an idea, how many CRO are added daily, weekly, monthly and yearly. In a couple of weeks we should get a clearer Picture of the Inflation Rate of CRO. PS: With Code py5n26a7dr you receive $50 when signing up.

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Stock prices are going up and up and up. It’s unbelievable.

Trading & Investing

S&P 500 April 29 2020 Things are looking really bad with the world economy. Anyone who thinks that the corona crisis will soon be over and everything will continue where it left off is sorely mistaken. The US released bad GDP numbers two hours ago. The gross domestic product shrank at an annualized rate of 4.8 percent. Analysts had predicted only 4.0 percent. And how is the stock market doing? It continues to rise cheerfully. The FED continues to pump money into the markets until the Bubble bursts. How long can this go on? Personally, I don’t think very long.

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