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23432077 No.23432077 [Reply] [Original]

>> No.23432089

Its a proven chink scam

>> No.23432106

>>23432077
bitconnect.

>> No.23432113

>>23432077
Weak hand faggots selling off when the rate dropped from 20% to 12%.

I'm buying more, gonna upgrade to Obsidian

>> No.23432135

Fucking bullshit... swipe now and forever

>> No.23432139
File: 27 KB, 600x315, 4D15473C-B6A9-4313-93D3-C7B846232CE3.jpg [View same] [iqdb] [saucenao] [google]
23432139

AAAAAAAAAAAAAAAAAA

>> No.23432158

>>23432113
The cards are so damn good. Honestly its the only thing keeping me on the platform.

5% cash back and cash back for Amazon prime, netflix and spotify is unreal at the icy white tier. Plus I get better interest rates than anywhere else with the service.

They just need to completely overhaul their marketing/PR department because my god are they pissing people off with their changes and back and forth policy decisions.

I only hold just as much CRO as I need for mine and my wife's card. Every other bit of CRO I earn I immediately dump.

>> No.23432162

>>23432077
Waaaaaaaaay overpriced
Ponzi about to collapse since they lowered the APY on the platform to something more sustainable

>> No.23432229

>>23432158
Imagine shilling a chink scam

>> No.23432234

>>23432158
Yep, same.
I'm pulling in like $4k a month on BTC earn @ 8.5%
Card works great, free Netflix and Spotify, and 5% cashback.

Just keep the CRO you need, don't hold tons of it as an investment. Easy

>> No.23432244

>>23432229
it's not Chinese. The team are European and HQ is in HK.

If you've seen the news in the last decade, HK doesnt like China.

>> No.23432263

>>23432244
Its still run by slint-eyed chinks. Scamming is in their blood, scamming and spreading viruses is the only thing they are good at

>> No.23432306

>>23432263
Shift that goalpost anon, I don't even need to have CRO to see through your bullshit

>> No.23432347

>>23432263
It's literally run by white people: https://crypto.com/en/about.html#team

>> No.23432358

>>23432234
You have $600k in BTC sitting in there? Damn you must really trust them with your money
I ordered a card from them a month ago, still haven't received it.

>> No.23432384

why did all the drastic reduction of perks and interest rate come directly after their ETH hack? how much was stolen?

>> No.23432392

>>23432358
$557k ish at the moment, yeah.

>> No.23432403

>>23432384
You can see the known hot wallets, there was no substantial amount withdrawn, and all accounts are fully KYC'ed so it's kind of dumb to steal with an acc you're fully KYC'ed on.

>> No.23432404
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23432404

>>23432392

>> No.23432432
File: 464 KB, 1080x2145, Screenshot_20201022_075251.jpg [View same] [iqdb] [saucenao] [google]
23432432

>>23432347
Are you serious? Its a chink team with some whites added in so people will buy their scams. Everybody knows at this point that slint-eyed teams are a HUGE redflag.

>> No.23432437

>>23432404
Why would I be worried?
If the company were a scam they wouldn't cut the interest rates, they would increase them....

I'm personal friends with a lot of the crypto.com team including CTO, CEO, etc. Spoke to the CEO yesterday as it happens.

>> No.23432455

>>23432437
Make it more obvious that youre a paid shill, get fucked chink.

>> No.23432461

>>23432432
>https://crypto.com/en/about.html#team
Apart from the CEO, CFO, CMO, COO, CCO

COPE harder.

>> No.23432475

>>23432455
C

O

P

E

>> No.23432478

>>23432461
The CEO is jewish and the rest are added whites so people trust their team. They dont really work there though, crypto.com is entirely run by shady chinks.

>> No.23432487
File: 192 KB, 1080x1612, Screenshot_20201022_075826.jpg [View same] [iqdb] [saucenao] [google]
23432487

>>23432475
Yes sure, im the one coping

>> No.23432493

>>23432437
Well if you actually know them I suppose you're fine. But if they get hacked, our money will likely be gone with no restitution, whereas with a US exchange like Coinbase (or even Binance really) they have insurance for shit like that. I'd never keep my whole portfolio on there.

>> No.23432503

>>23432478
>They're all chinks

Well, no heres they're executive team you can see they're all European.

>No he's a joo and all the rest are chinks.

Have fun staying poor.

>> No.23432517

>>23432493
Crypto.com have a massive insruance fund on their cold wallets.

I trust them many times more than I trust Binance.

https://crypto.com/en/security.html

>Crypto.com has secured a US $100M direct insurance policy led by Arch Underwriting at Lloyd's Syndicate 2012. This is the largest coverage that Crypto.com has secured for its cold storage assets on custodial partner Ledger Vault. The new policy brings Crypto.com’s total cryptocurrency insurance to $360M, including direct and indirect coverage via custodians. This will significantly expand security protection for Crypto.com’s growing user base, which has just surpassed 3+ million, against physical damage or destruction, and third-party theft.

>> No.23432528
File: 65 KB, 883x837, 1569039340236.jpg [View same] [iqdb] [saucenao] [google]
23432528

>>23432503
I would say have fun getting scamming by a jew and some chinks but youre obviously a paid shill. Get fucked, thanks for the coronavirus btw, everybody hates chinks now in europe

>> No.23432534

>>23432528
I'm not paid by anyone to post here, I've never worked for Crypto.com nor been paid by them. I just like their product and have done my research well.

Also, I'm white, thanks for asking.

>> No.23432542

>>23432517
Okay fair enough. If my card ever comes in ill make a post about it on biz

>> No.23432586

>>23432517
This fund does NOT cover the crypto you hold in their savings accounts from hacks, company failures or other fuck ups. I actually emailed them about the small print in the T&Cs of their crypto earn programs. They admitted that the crypto held there is uninsured. Read the T&Cs if you dont believe me.

>> No.23432602

>>23432542
Pay attention anon, i was in contact with their support and they told me anything you place in their EARN program is NOT INSURED

>> No.23432614

>>23432586
Exactly this. If that isnt a redflag then i dont know how to help you brainlets. Imo they will absolutely exitscam during the upcoming bullmarket

>> No.23432623

>>23432586
funds held in EARN are not protected by that insurance I think, I need to double check on that one.

The insurance covers the cold stored assets in the bank vaults. If I recall correctly, the EARN product you agree that the capital is put to work by the company and isn't held in the cold wallets.

I'm not so clear on it all but I think you are correct.

>> No.23432658

>>23432623
This is correct but not all of it. As
>>23432586 pointed out, none of your funds are insured incase of internal theft or exit scam. Even of they were in the cold wallet

>> No.23432666

I use crypto.com app.
The reason is that it's the only place I know where I can deposit funds from transferwise.
I only deposit, buy eth and withdraw asap. Never had issues, but I don't hold anything there.

>> No.23432676

>>23432077

wtf is its problem?

> CEO and CFO are well known convicted scammers with a very dark resume
> They lost all their VISA card provider partnerships, my MCO card works literally nowhere
> Earn profit has been divided by half without any notice
> Nobody uses their shitty exchange
> The crypto.com chain is centralized. They created it to artificially generate useless token that they will dump on your ass

>> No.23432682

>>23432658
Yes, internal theft would not be covered by the insurance, only external theft of the funds in the cold wallet.
The insurance treats the cold wallets as if they are a priceless piece of art or commodity and cover it from external unauthorised theft.

I was working with a startup in Singapore and we had meetings with insurers about the same type of coverage.

>> No.23432716

>>23432676
>> They lost all their VISA card provider partnerships, my MCO card works literally nowhere

That was Wirecard, nothing to do with crypto.com.
Your card works everywhere visa does, unless you're an APAC card holder thats resident in Singapore - in which case your card ONLY works with Singapore merchants.
If you're and APAC card holder not resident in Singapore then your card works with all merchants except Singapore merchants. This is some regulatory issue they are resolving.

>Earn profit has been divided by half without any notice

From 18% to 12% and only applied to new stakes, all existing stakes remain at the old rate until they expire.

>> The crypto.com chain is centralized. They created it to artificially generate useless token that they will dump on your ass

The chain isnt even live yet, so this is irrelevant.

>> No.23432790

>>23432586

OOOO damn. I thought that shit was insured.

> Queue nervous sweating...

>> No.23432825

>>23432790
Its not really confirmed or denied as you don't know how much of the EARN product funds they keep in cold storage.

The company claims to keep all of client funds in cold storage, but that cant be true of EARN products as then there wouldn't be any point in them.

So they are certainly not 100% covered by the insurance. But Binance have no insurance and covered user funds loss from the May 7th hack from company profits.

I would imagine that in any hack Crypto.com would cover user losses from company funds - if not they company would probably collapse.

>> No.23432926

>>23432825
yeah - i guess that makes sense.

I mean this seems like a problem with all CeFi solutions. No matter what, you have to trust that someone isn't going to F you over.

At the end of the day this is why I don't go all in on crypto.com even though they do have a large portion. I split my coins between Celsius, BlockFi, crypto.com, and ledn.io just so I dont have all my eggs in one basket.

Crypto.com has the best rates though when you have private.

>> No.23433086

>>23432113
That's a fucking lie and you know it

The rate dropped from 20% to 6% before they coped it back up to 12%. They also just deliberately crashed the price after the MCO swap finally ended because they're scammers

>> No.23433222

lol keeping 600k in their shitcoin to get free Netflix.

>> No.23433425

>>23433222
its not in their coin, it in Bitcoin.
$10k in their coin, the rest in BTC.

>> No.23433432

>>23432926
Yup, cant disagree with this.

>> No.23433448

>>23432825
Binance has their own insurance fund the safu fund. That's how they covered everyone in the last hack.


>I would imagine that in any hack Crypto.com would cover user losses from company funds - if not they company would probably collapse.


>if not they company would probably collapse.

Bingo. If kucoin one of the biggest exchanges had to beg coins to mint new ones to cover their losses from the latest hack what makes you think crypto.com has the funds to cover a large scale hack? They dont and their own T&Cs state they are not obliged to refund any crypto held in their earn program.

>> No.23433459

>>23432825
It is confirmed that any crypto YOU hold in their earn program is uninsured. Read the T & Cs

>>23432926

>> No.23433769

>>23432158
4chan is the only crypto site i trust
the rules are 0% clear to me, i think they are changing the lowest tier to red in the near future. the site/app combo is bad right now.
>>23432162
for a staking/rewards program its ok, there are major buyers
the bigger concern is them getting sued out of existence for this swap fiasco