Crypto.com investment app is it a good deal?

[MICROS0FT]

Friends have been coming to me telling me about this new app.
Might be good for investing your crypto which they actually pay you a certain % for holding coins.
They are offering crypto.com their own coin for a 18% payout P.A which i think its not bad friends has made thousand of dollars and their coin are climbing at a constant rate.
For Tether its 12% which i plan to actually invest, what do you guys think? since US markets will never crash

There are even flexible plans which consist of a 3 month term which pays out 10% p.a and 1 month term for 8% p.a for tether

If you guys are investing, i think you guys can check this out? Let me know more about it since i'm crypto stupid but i want to invest!

[hugeblack]

Easy profit means low return or scam, the risk that they will keep your money (hodling) and will not steal it in exchange for obtaining a fixed rate every month or year, is it worth losing all your money to obtain a certain percentage?
The general rule of thumb is, if something is too good to be good, avoid it.
If you mention the name of the application, we may help you with some detailed information.

[suzanne5223]

Easy profit means low return or scam, the risk that they will keep your money (hodling) and will not steal it in exchange for obtaining a fixed rate every month or year, is it worth losing all your money to obtain a certain percentage?
The general rule of thumb is, if something is too good to be good, avoid it.
If you mention the name of the application, we may help you with some detailed information.

You make a good point due to the rate of different strategies used by crypto scammers but crypto.com is actually a genuine site which is listed on CMC, the investment said by the OP was created in other to encourage their users in keeping their coins on the exchange platform and they are not the only crypto relared business that offer such service.
I think hotbit etc also does that.

[TheBeardedBaby]

Keeping coins outside of your physical possession for profit is a dangerous thing. Many people kept their money on Mt.Gox but everyone knows what happen with them. If you decided that you want to invest there, be sure that there is a big risk in loosing your investment, you can try with a small amount you are OK to loose.
As hugeblack said if it's too good to be true, then it is not true.

[posi]

I believe those crypto exchange site now understand that alot of crypto investors have understand the "if not your keys, not your coins" catchphrase which is the reason why the created the initiative investment in the subject.
I have never use crypto.com and I don't how they operate but if they offer SAFU I think ones can try it out with the fund you can afford to lose.

 

[MICROS0FT]

Easy profit means low return or scam, the risk that they will keep your money (hodling) and will not steal it in exchange for obtaining a fixed rate every month or year, is it worth losing all your money to obtain a certain percentage?
The general rule of thumb is, if something is too good to be good, avoid it.
If you mention the name of the application, we may help you with some detailed information.

You make a good point due to the rate of different strategies used by crypto scammers but crypto.com is actually a genuine site which is listed on CMC, the investment said by the OP was created in other to encourage their users in keeping their coins on the exchange platform and they are not the only crypto relared business that offer such service.
I think hotbit etc also does that.

Yes thats right crypto.com is genuine which they are offering 18% P.A for their own CRO coin which i dont think its safe. Whereas i am planning to pump it in Tether since 12% P.A is ok too rather then keeping it in a bank. What do you think?

[Oceat]

So far this is the only one link that I got but there's quite a lot of topics in this on reddit. Some would support it but some would suggest to stay away, so basically you have to invest at your own risk. Though investment is always risky it's your call or follow your guts what it tells you to do. But if you'd ask me, I will say no since I've tried lots of investment before like some other ponzi, it didn't end that well.

[suzanne5223]

Easy profit means low return or scam, the risk that they will keep your money (hodling) and will not steal it in exchange for obtaining a fixed rate every month or year, is it worth losing all your money to obtain a certain percentage?
The general rule of thumb is, if something is too good to be good, avoid it.
If you mention the name of the application, we may help you with some detailed information.

You make a good point due to the rate of different strategies used by crypto scammers but crypto.com is actually a genuine site which is listed on CMC, the investment said by the OP was created in other to encourage their users in keeping their coins on the exchange platform and they are not the only crypto relared business that offer such service.
I think hotbit etc also does that.

Yes thats right crypto.com is genuine which they are offering 18% P.A for their own CRO coin which i dont think its safe. Whereas i am planning to pump it in Tether since 12% P.A is ok too rather then keeping it in a bank. What do you think?

The idea is good cause their token may loose value sooner of later while your Tether will not loose value since it a stablecoin but I also need to use a second thought by only invest the amount you can afford to sacrifice

[jossiel]

I'm aware of the existence of their investment. But if I have to invest, I'll use my spare money for investing and staking into their own token rather than using the bitcoin that I hold.

IIRC, they also offer a crypto visa card which might you be interested in. There are a tier system and incentives that you might want to see.

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

I might be interested in the card someday but allowing them to hold my money, it's a different thing.

[harizen]

The company is legit* but are you willing to store your funds here for the long-term without an assurance of how things will go far?

I can't find the terms about their Earning Features so maybe I assume it's only visible when you logged on or using the app? Read it properly especially the terms for interest, period, withdrawals, etc.

You can test the waters but I suggest getting involved in their community group if any. Try to lurk at their Telegram and check the people's pulse there about the investment part.

[carlfebz2]

The company is legit* but are you willing to store your funds here for the long-term without an assurance of how things will go far?

I can't find the terms about their Earning Features so maybe I assume it's only visible when you logged on or using the app? Read it properly especially the terms for interest, period, withdrawals, etc.

You can test the waters but I suggest getting involved in their community group if any. Try to lurk at their Telegram and check the people's pulse there about the investment part.

They've been existing for a while not and just like any other companies that do offer these kind of rates on annual basis then i dont see for it to be ideal to put up your money on park into these ones.
Just like on putting your own fiat into your own banks.They do just give out an interest out of the money you had deposited.

For me, i wont really be that too confident into that manner yet you cant be sure on how these platforms/companies would last.Lots of risk like hacking incident, bankruptcy etc. which would really cause
of possible lost of funds.

As mentioned or suggested then if someone do really interested on testing up the waters then putting up those amounts that you can afford to lose is always recommended.

[crwth]

I am using Crypto.com but I'm not sure if you are talking about the staking or not? I have a balance with the staking in order to avail of the debit card that they are offering and it's quite helpful. It doesn't promise any *too good to be true* statements so I don't think they would do that. They have their own token MCO before but now it's CRO, you need to swap it. I don't know if there's something behind the scenes that happened.

[maxreish]

Saw this on this website: https://www.finder.com/ph/crypto-com-app-review
 
 
 
 You can also check other investment rates with the other coins in the link I have provided.
 
 If you will read their platform, it's an epitome of a perfect platform. They have different features to enjoy and use like trading, staking, loans, investment platforms.
 But if you want to try it, just spend money that you can only afford to lose. Honestly, I am not into this kind of investment returns.
 
 Anyway, here you can find some of the feedbacks of crypto.com
 - https://www.trustpilot.com/review/referral.crypto.com

[maydna]

I read many reviews from crypto.com wallets, and many of them saying that they can make a nice return in investing using that app. I don't want to use that app to just investing because that means I will let them hold my coins without I know what they will do with my funds. I prefer to hold by myself, or I will use the exchanges to invest because I can found that Binance allows us to save some coins with them, and we can get a return every month with them.

If you want to invest using that app, make sure you use the funds that you don't use for anything because that means you will not worry about waiting for the return of the investment.

[danherbias07]

It's obvious you ain't sure what you are stepping at.
But, why do I feel like you already made a decision before you even ask this questions?

Just to be sure, dig deeper.
Yes, a lot of your friends will say it's legitimate and maybe even here. But being careful will not hurt you. Don't just blindly invest just because of sweet words from others who had tried it. Take the chance that you might escape a big scam in the long run. (assuming)

[Fredomago]

It's obvious you ain't sure what you are stepping at.
But, why do I feel like you already made a decision before you even ask this questions?

Seems that he already done with his participation as his friends are making money according to  their stories,
it's tough to invest without knowing what you are doing. Better to make sure you are using money that you are
capable of losing and forgetting.

Just to be sure, dig deeper.
Yes, a lot of your friends will say it's legitimate and maybe even here. But being careful will not hurt you. Don't just blindly invest just because of sweet words from others who had tried it. Take the chance that you might escape a big scam in the long run. (assuming)

Words are different from personal experienced, best to do your research and participate using an amount that you can let go.
Risky but if you succeed the profits is decent.

[abel1337]

For now, I don't really suggest it because anything can happen with your investment at any time. Your friends are telling it's a legitimate investment "For now" but we don't know what might happen in the future, there could be a possibility that the coins your hodling will dump that it makes hard for you to sell. This has a risk knowing that the payout is a bit high and I don't know if the investment could sustain that high payout in the long run. 

The general rule of thumb is, if something is too good to be good, avoid it.

Just remember this 

[hulla]

For now, I don't really suggest it because anything can happen with your investment at any time. Your friends are telling it's a legitimate investment "For now" but we don't know what might happen in the future, there could be a possibility that the coins your hodling will dump that it makes hard for you to sell. This has a risk knowing that the payout is a bit high and I don't know if the investment could sustain that high payout in the long run. 

Theres nothing frightening about this cause the exchange is among the long existing and they are not the exchange site that offer this kind of per annum interest and it what every crypto exchange site should since 95% of them now offer crypto lending service but it good to be extra careful cause keeping of coins on exchange is never an advisable idea.

[el kaka22]

I believe they are not real, they are pure scam. I know many people support them and love them and they do invest with them but I just can't believe that they are real, and it could be so far that they haven't scammed anyone but I have been in crypto for far too long to believe them.

I remember all the zenhash deals we used to have as well, it was like almost 2 years that they actually paid people a lot of money but half of that was thanks to them actually getting a lot more customers and regain their old ones to be able to pay that much and that is how they paid up, after a looong time they actually crashed because they couldn't continue the ruse anymore hence why they had to stop. So, these guys could look legit right now but I do not believe what they are doing is sustainable.

[bearexin]

I am aware of crypto.com for a long time, they don’t just give you profit on your deposit, there are other features they are offering users like when you get their crypto.com debit card you’re going to be getting 5% cashbacks when you make a purchase using the card.

Apart from that the amount you’re getting in return varies depending on the type of staking you choose, flexible, one month, two or three months, and the type of cryptocurrency you’re staking (their own coin which is CRO will get you more profit than BTC and any other cryptocurrency you will stake in their wallet; the 18% p.a. you’re talking about is when you stake their CRO, staking BTC will get you 6.5% and that’s in three months, nothing more than that.