Crypto.com Waives 3.5% Credit Card Fee for Crypto Purchases
This announcement came just at the right time.
Just yesterday one of the services I recommended here in my blog for buying crypto, broke the news to their million-strong customer base that they will wave any fees involved in buying cryptocurrencies with credit cards until July 2020. In addition to this initiative, they will also increase the cashback paid to their users who are using their own crypto-debit cards on groceries, food and delivery services.
Kris Marszalek, Co-founder & CEO made the following statement:
“The global Coronavirus pandemic has affected everyone’s lives and is now ravaging the economy. In these tough times, businesses that are in a fortunate position to be growing have a responsibility to give back. Today, we’re introducing three measures which we hope will make the next three months slightly easier for our users globally:
- We’re waiving the 3.5% credit/debit card fee for cryptocurrency purchases for all users for 3 months
- MCO Card – Increased rebates for essential purchases (food, groceries and delivery)
Supported brands include: Uber Eats, Deliveroo, Foodpanda, McDonald’s, Domino’s Pizza, and WalMart. Additional brands will be added shortly. Initially, it may take 2-3 business days for the rebate to be applied.
- Crypto Pay – Double rewards on gift card purchases of food delivery and groceries.
Supported brands include: Tesco, Whole Foods, Safeway, Carrefour, Sainsbury’s, Just Eat, Papa John’s, Domino’s, and more. Additional brands will be added. Click here to view the current list.
For new customers the first point is the one that means the most because this basically gives crypto.com a big advantage against their competition when it comes to buying Bitcoin, Ethereum, Ripple and many other coins directly with a credit card. We are yet to find out if other service providers will follow up in their footsteps but for the moment you are definitely getting the best deal with crypto.com and don’t forget that if you use this link, you will also qualify for a $50 bonus if you choose to order their debit card MCO or stake their own native token.
As we are seeing in the past two weeks, Bitcoin is making a great recovery from the initial dip it experienced from panic-selling when the first wave of the global pandemic hit us and I am noticed an increase in the appetite for Bitcoin and other cryptocurrencies, so it makes perfect sense to take advantage of this fee-free offer.
Don’t forget that it’s available only until the end of June and you can download the mobile app with this link: https://platinum.crypto.com/r/i596zgv11f
Good luck and make sure you follow this blog for more great tips and news on everything to do with Bitcoin and cryptocurrencies.