Review: cryptocurrency app and exchange

Buy, sell, trade and access a wide range of services and features on this complete crypto platform.

  • Great as a complete all-in-one cryptocurrency platform.
  • Not so great for self-custody of funds.

See our full list of pros and cons below.

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Fiat currencies




Product Name App
Fiat Currencies USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 11 more
Cryptocurrencies BTC, ETH, XRP, BCH, EOS, FET, LTC, ADA, LUNC, LUNA & 281 more
Deposit Methods Credit card
Trading Fee Maker: 0.04-0.20%
Taker: 0.10-0.20%
Deposit Fees None
Withdrawal Fees Cryptocurrency: Fees vary
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick verdict


  • Complete crypto platform
  • High speed exchange with competitive fees
  • Frequent promotions
  • Lets you earn returns on deposits
  • Crypto-powered rewards card


  • Getting the most out of it requires CRO staking
  • It has a convoluted two token system
  • Lack of transparency in where its funding comes from

What is is intended to be a complete cryptocurrency platform, made up of many connected products and services. The three main parts are:

  • The app. The heart of is a mobile app, available for iOS and Android. Downloading the app allows you to access the full ecosystem. When you hold cryptocurrency in your account, you can access the full range of services, but it also means that you’re entrusting your funds to
  • The non-custodial wallet. This is a separate wallet, which can be downloaded as a completely separate app. This wallet lets you take personal control of your private keys, but you won’t be able to access all the services through it. However, you can link this wallet to your main account to easily transfer funds between them.
  • The exchange. This is a crypto-to-crypto exchange. You can sign up for the exchange separately, or log into it with your app account. You will need to have a app account to access all the benefits of the exchange, such as special promotions.

You only need to download the main app to get started and to get access to the exchange and additional services which may include:

  • loans. Get loans in stablecoins such as USDT, of up to 50% of your deposited amount, but be aware that interest rates are a hefty 8-12% p.a.
  • The Visa card. Use the app to seamlessly convert crypto to USD, and load it onto your Visa card for easy spending. Earn rewards by spending with your card.
  • Earn. Earn up to 14.5% p.a. on cryptocurrency holdings, such as BTC, or up to 14% p.a. on stablecoins such as USDT.

You can start exploring the ecosystem by going to the site and downloading the app, or read on to learn more about, how it works and some of the risks to be aware of when using it.

Where are these features available?

You may not be able to access all features. As of 6 December 2021:

  • loans are not available to residents of Hong Kong, Singapore, Switzerland, Malta or the United States.
  • Visa cards are only being shipped in the United States, Canada, the United Kingdom, Europe, Brazil, Singapore and Australia.
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What fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR
  • Supported cryptocurrencies: Approximately 290 cryptocurrencies

Which payment methods are accepted?

  • Credit card
  • Cryptocurrency
  • PayPal
  • TransferWise
  • SEPA
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What’s it like to use

Crypto Earn

Crypto Earn is’s staking feature, allowing you to earn up to 14.5% p.a. interest on 40+ cryptocurrencies and stablecoins. To get started, select Earn from the main menu and decide which cryptocurrency you want to deposit.

The returns and limits vary depending on the cryptocurrency you’re depositing, whether you choose a fixed term or a flexible deposit and which card tier you’re holding.

Eligibility and what else you should know about Earn

  • Earnings will be credited to your wallet every 7 days
  • Earnings will be paid in the same currency as your deposit
  • Maximum deposit (for all staked tokens) is capped at US$2,000,000 equivalent (Obsidian card tier)
  • Depositing CRO into your Earn account does not count into CRO staking

What are the crypto assets you can stake on

The table below shows the selection of the cryptocurrencies you can deposit and the interest earned as of 6 December 2021, without and with staking CRO respectively.

Coins depositedInterest p.a. (flexible)Interest p.a. (1-month term)Interest p.a. (3-month term)
BTC1.5% to 2%3% to 4.5%4.5% to 6.5%
ETH3.5% to 4.5%4.5% to 5.5%5.5% to 6.5%
USDT, USDC, MATIC, DAI, PAX, TUSD, TAUD, TCAD, TGBP6% to 8%8% to 10%10% to 12%
SOL1% to 1.5%2% to 3%3% to 4.5%
DOT6% to 8%8% to 10%10% to 12.5%
AVAX, FLOW, ONE1% to 2%2% to 4%4% to 6%

What are the benefits of staking CRO?

Across all of these services, you can get substantial benefits (such as higher returns and more rewards from your card) by staking the CRO cryptocurrency. The exchange, on the other hand, uses CRO staking for its rewards instead.

Here are some benefits across the spectrum of services that you can unlock through CRO staking:

  • In the app: Receive airdrops from new token listings based on the amount of CRO staked and earn interest on staked tokens. Get 6% p.a. starting at 500 CRO staked and 8% p.a. at 5,000 CRO staked.
  • In Earn: Earn additional interest.
  • For the Visa card: Access higher card tiers by having CRO staked as you order your card. Higher card tiers have better benefits and features. These benefits are decreased if your staked amount drops below the threshold for that card tier, but even so, higher card tiers will still give better benefits than lower card tiers.
  • When getting crypto loans: Better rates.
  • VIP access: You can get a bundle of exclusive benefits starting at 5,000 CRO staked, including priority customer service, OTC trading and access to the Invest automated trading system.

How to stake CRO: A step-by-step guide

  1. Buy CRO. You can do this through or at one of the many other exchanges that sells CRO.
  2. Deposit the CRO into your app account if it’s not already there.
  3. Tap the Card icon in the bottom right corner.
  4. Select the Visa card of your choice.
  5. Tap the “Stake CRO” button and follow the on-screen instructions. Missions

In November 2021, launched its Missions feature that rewards its app users with ‘diamonds’ by simply logging in and trading crypto every day.

The diamonds you’ve accrued will be stored in the ‘Diamond Vault’, which can be used to purchase Mystery Boxes at 25 diamonds each. Each Mystery Box contains a CRO reward, with up to US$1,100 worth of CRO rewards to be won.

As of 12 November 2021, you can earn up to 66 diamonds daily (resets at 0:00 UTC) by completing the following missions:

  • Status check. Earn 1 diamond by logging into the app
  • Quick quest. Get 5 diamonds when you buy/sell at least US$20 worth of crypto in a single transaction
  • Volume venture. Receive 60 diamonds when you buy/sell US$500 of crypto in a day Supercharger

The Supercharger feature is a simple and flexible liquidity mining platform that allows users to deposit their CRO tokens to mine some of the most popular DeFi tokens on the Exchange and App.

You may withdraw your CRO tokens at any time with no fixed term or penalty fees. ‘The Syndicate’ programme

Periodically, the exchange holds a special promotion called “The Syndicate” where it exchanges other cryptocurrencies for CRO at half their current market price. This is typically done when a new cryptocurrency is listed on the exchange.

To participate, exchange users ‘pledge’ (lock up) a certain amount of CRO for a chance of receiving twice as much of another cryptocurrency as that CRO is worth, up to varying maximum amounts. Any unused CRO pledge is returned at the end.

Fees and services at

The information below is accurate as of 6 December 2021. All prices are listed in US dollars. app

You can buy crypto directly through the app with a debit or credit card, but it will typically be more cost-effective to make a fiat deposit and then use that to buy crypto within the app.

Transaction typeFee
Buying with a debit or credit cardUp to 4%
Exchanging fiat for crypto within your accountFree
Deposits (bank transfer)0%
Cryptocurrency transfers to other app usersFree
Cryptocurrency transfers to external wallet addressesNetwork fees apply exchange

30-day trading volume (USD)Maker/taker fee
$0 to $25,0000.40%/0.40%
$25,001 to $50,0000.35%/0.35%
$50,001 to $100,0000.15%/0.25%
$100,001 to $250,0000.10%/0.16%
$250,001 to $1,000,0000.09%/0.15%
$1,000,001 to $20,000,0000.08%/0.14%
$20,000,001 to $100,000,0000.07%/0.13%
$100,000,001 to $200,000,0000.06%/0.12%
$200,000,001 and above0.04%/0.10%

Discounts for staking CRO tokens
You can receive trading fee discounts by staking CRO tokens.

Staked amountTrading fee discount
≥ 5000 CRO10%
≥ 10,000 CRO20%
≥ 50,000 CRO40%
≥ 100,000 CRO60%
≥ 500,000 CRO70%
≥ 1 million CRO80%
≥ 5 million CRO90%
≥ 50 million CRO100% loans loans incur fees in the form of interest rates, charged daily.

Fee typeAmount
Interest rates12% p.a. with <50 CRO staked, 12% p.a. with >500 CRO staked, charged daily
Additional feesNone
Limits (USD)$100 minimum, $1 million maximum loan amount
Maximum loan term12 months

How loans work loans are given to you in your choice of PAX, TUSD, USDC or USDT stablecoins. These can typically be inexpensively converted to fiat currency.

Your collateral can be in the form of BTC, ETH, XRP, CRO, LTC, EOS or XLM. You give this to for safekeeping, and in return, it gives you the loan.

You can take out loans with up to 50% loan to value (LTV) ratio. This means you can borrow half as much as you put up in collateral. For example, if you have $10,000 of crypto as collateral, you can borrow up to $5,000.

As the markets move and daily interest is charged, the LTV ratio will change. If your LTV ratio reaches 70%, will issue a margin call, asking you to either make a repayment or deposit more collateral.

If your LTV ratio exceeds 85% or your loan has not been repaid after 12 months, will liquidate all your collateral.

You will automatically get your collateral deposited back to your wallet once your loan has been repaid.

Also note:

  • loans are not available to citizens and residents of Hong Kong, Singapore, Switzerland, Malta or the United States.
  • You cannot have multiple loans at the same time, and you cannot vary the terms of a loan in any way. To change anything, you will have to pay off your current loan first.
  • Loan repayments must be in the same currency as the loan was made. For example, if you take out a USDT loan, you will have to make repayments in USDT. Visa card

The Visa card is a metal prepaid card that can be periodically topped up, making it easier and more rewarding to spend cryptocurrency. When topping up, your crypto is converted to USD (at current exchange rates, with no fees) and loaded onto the card.

The card can be used anywhere a Visa prepaid card can be used. CRO rewards are earned on almost every type of transaction and even though the card is loaded with USD, you can get interbank exchange rates (meaning no extra cost) on all uses, up to the interbank exchange rate monthly limit for each card.

The card is free, but the type of card you receive and the perks you get depend on how much CRO you stake.

You can unstake your CRO after 180 days and continue to use your card fee-free, but your card rewards will be decreased. The table below shows some, but not all, of the benefits of each card tier while staking the required amount of CRO.

CRO stake required (USD)$400,000$40,000$4,000$400None
Card tierObsidian
MCO Black Card
Icy White & Frosted Rose Gold
MCO Silver Card
Royal Indigo & Jade Green
MCO Green Card
Ruby SteelMCO Red CardMidnight Blue MCO Blue Card
CRO rewards on spending8%5%3%2%1%
LoungeKey airport lounge accessYes, +1 guestYes, +1 guestYesNoNo
No-fee monthly ATM withdrawal limit (2% thereafter, USD)$1,000$1,000$800$400$200
Interbank exchange rate monthly limit (0.5% thereafter, USD)Unlimited$20,000$10,000$4,000$2,000

How to apply for the Visa card

To get your CRO Visa card, simply complete these 5 steps:

  1. Sign up for the app and complete the KYC verification
  2. Purchase CRO tokens and deposit them into your Crypto Wallet in the app (no action required if you’ve purchased CRO directly from the app)
  3. Go to the ‘Card’ tab in the app and select the card tier you wish to apply. The amount of CRO required for the 180 days lock-in period depends on the card tier you’re applying for.
  4. Tap the ‘Stake CRO’ button and follow the on-screen instructions
  5. Wait for your application to be processed. You’ll be notified when the card has been shipped

How fast will my funds be available?

Fiat deposits/withdrawals

Clock icon for transfer speed

Within minutes

Fiat deposits and withdrawals may take up to a week for certain transfer types, such as an international bank wire, but for all supported fiat currencies, there are considerably faster and cheaper methods available.

Cryptocurrency transfers

Clock icon for transfer speed

Within minutes

Cryptocurrency transfers to other app users are instant, while transfers to and from outside wallet addresses will typically take a few minutes, depending on the cryptocurrency.

Is safe to use?

  • Regulation. takes steps to operate in compliance with regulations around the world, such as the anti-money laundering and KYC obligations common everywhere, as well as more specific concerns that may apply to certain products or in certain areas, like risk disclosures, disclaimers or restrictions on certain products. Fiat currency in your account is held by custodian bank accounts and US residents benefit from FDIC insurance for those funds. The cryptocurrency side of things is still largely unregulated though. Like other exchanges, you’re taking a leap of faith when depositing cryptocurrency on, and you may have no recourse if something happens to those funds.
  • Verification process. is strict about verification for all users, and it is required as part of the signup process. Fortunately, it’s usually fast and easy as long as your phone has a camera and you have identification such as a driver’s licence or passport.
  • Security features. According to, all user cryptocurrency is held offline in cold storage where possible, through’s partnership with Ledger. These funds are covered with a US$100 million policy. Elsewhere, cryptocurrency deposits are protected with other insurance policies and multi-signature wallets and fiat currencies are held by bank custodians. The app has been audited by external security firms, two-factor authentication is required and external addresses need to be whitelisted from within the app before crypto can be sent there from your account.

Despite its prominence now, circumstances gave a mixed reputation in its early years, and from around 2017 to early 2019, many people accused it of being a scam. Since then it’s proven many of its detractors wrong.

Still, it’s good common sense to exercise caution whenever a platform offers such high returns without it necessarily being clear where all the money is coming from or how sustainable it is.

How do I create a account?

    1. Go to the website.
    2. Go to the app store links or scan the QR code on the home page.
    3. Download the app to your phone.

Once you’ve downloaded the app on your phone, start the app and follow the prompts to verify your identity.

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What else do I need to know about began life in 2017 as a project called Monaco, under CEO Kris Marszalek who previously headed up online deals site Ensogo, which triggered fraud investigations and left some users out of pocket when it went bankrupt. Marszalek says he was only brought into Ensogo at the last minute in an ultimately unsuccessful effort to turn it around.

The Monaco ICO quickly raised US$25 million by selling the cRO coin under the promise of delivering Visa-branded cryptocurrency cards and creating a realistic crypto-based competitor to banks.

However, it missed several deadlines and disgruntled ICO speculators started accusing it of being a scam. Scam allegations grew louder when Monaco purchased the domain name in 2018, reportedly at the cost of US$12 million, when only a handful of cards had been delivered and only the bare bones of the app had been created. The creation of a new token at that time, CRO, caused further rifts.

Since then, however, it’s grown rapidly, solidly delivered on its original promises, grown to a user base of more than 2 million people and become one of the most comprehensive crypto platforms in the world.

Although appears to have proven its accusers wrong, it’s important to remember that cryptocurrencies are still volatile and largely unregulated.

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Frequently asked questions

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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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