Review: Does Fortune Still Favor the Brave?

Are you looking for a place to buy cryptocurrencies easily and safely? may be the right choice for you if you’re seeking a low-cost, all-in-one cryptocurrency platform. The more Cronos (CRO) you stake, the more rewards you will receive from this exchange. Even without the CRO bonuses, it’s an excellent low-fee crypto exchange with over 250 cryptocurrencies – particularly if you want a crypto debit card.

Those who are interested in cryptocurrencies can find all they need at one convenient spot with Compared to other cryptocurrency exchanges, can provide a superior trading experience at reduced fees. More than 200 cryptocurrencies are available for trading, including most of the big-cap tokens and several smaller initiatives. Additionally, you can swap hundreds of DeFi tokens via the DeFi Swap service.

Trading cryptocurrencies and other digital assets on is only the start. 

For one thing, it allows for several sources of income. When it comes to safety, there is no place for question. Various levels of protection are employed to safeguard the safety and privacy of user data and payments.

Who is behind

Kris Marszalek is not only the founder of but also the Chief Executive Officer of Monaco Technologies GmBH, a firm that he founded in June of 2016. The company’s original goal was to be able to facilitate internet transactions at no additional cost. The cryptocurrency was merely a component of the platform that provided financial services, which would later emerge as the primary emphasis of the business.

In 2017, in the midst of the initial coin offering (ICO) frenzy, Monaco Technologies released its own cryptocurrency called MCO. Beginning on May 18 and lasting throughout the entire month, the initial coin offering (ICO) funding was successful. The sale was successfully completed on June 18 and brought in a total of $26.7 million after 12,135,542 MCO tokens out of the total quantity of 31,587,682 tokens were able to be sold.

Big changes

In 2018, the company made a number of significant announcements, including the renaming to and the introduction of its blockchain along with the CRO native coin. Additionally, the corporation has begun delivering Visa cards. Both of these circumstances made a significant contribution to its growth, which in turn increased its popularity among crypto fans.

By the end of 2019, the company had successfully launched its cryptocurrency exchange, which gave its customers the ability to trade a diverse array of digital assets. At the same time, they started providing a variety of one-of-a-kind financial services based on cryptocurrencies, such as Crypto Earn, Pay, and Crypto Credit. 

A significant number of these services were novel to the industry, which is one of the reasons why they attracted a huge number of traders and investors. In addition to this, the Visa card has begun arriving in the United States, which is one of the most significant markets for cryptocurrencies and digital assets.

In 2020, after significant research they made the decision to dive into the decentralized financial industry. has since made public the launch of their non-custodial DeFi wallet in conjunction with the DeFi Swap. 

At this time, the Visa card was accessible to customers across the entirety of the European region. In addition, the corporation came to the conclusion that it would discontinue the use of the MCO token and instead exchange it for CRO.

50 million active users is one of the twenty largest cryptocurrency exchanges in the world in terms of the trading volume. The exchange is accessible to more than 50 million active users at any given time. The chief executive officer of the company stated that they anticipate that figure to more than double by the conclusion of the current year.


  • Surprisingly Low Fees
  • Best cryptocurrency payment alternatives
  • Money conversion is simple.
  • Visa card with a variety of cash back options
  • Earn interest in cryptocurrency.
  • A great list of cryptocurrencies
  • A more secure option


  • It is difficult to navigate.
  • Coins are not widely available.
  • Customer service is mediocre.
  • A scarcity of educational resources

Unique features

There is a lot to choose from, including the CRO coin, Cronos, which is offered by For those willing to put up more CRO (aka deposit money) on the table, they will reap more rewards.

All in one is best viewed as a cryptocurrency bank rather than an exchange or brokerage. There are no restrictions on using the exchange to acquire or sell bitcoins. Through your DeFi wallet, you may also trade them with other users. As an added bonus, you may use your cryptocurrency on a preloaded Visa card to pay for goods and services. Cryptocurrency payments, interest-bearing savings accounts, and, in some jurisdictions, crypto loans are all options.

Affordable fees

You can deposit money into your account via electronic bank transfer or wire transfer without paying any fees. It’s one of the best places to get the most bang for your buck when it comes to trading cryptocurrencies.

Credit/debit card crypto purchases via’s app are subject to a fee after 30 days. Buying cryptocurrencies using a credit card may result in a cash advance fee from your card issuer.

Converting your money is a breeze

With the app, you may quickly and easily convert fiat dollars to cryptocurrency. You can pay with any of the 20+ fiat currencies they accept. It’s free to sign up, however you may be restricted to using fiat currency from your country of residency if you do.

Cards that give you money back


Prepaid Visa cards are available from in five different denominations. You can use them anyplace Visa is accepted, but you’ll need to top them off first. A year ago, I received a Visa debit card, and I’ve been using it ever since. Top-ups are simple, and I get points for everything I buy with this card!

For CRO, the more you stake the better your results will be, as with other goods from the same company. There are a lot of extra benefits included with the top-tier Obsidian credit card. It offers 8% cash back (or, more precisely, crypto back). To be eligible, you must, however, stake around $400,000 in CRO.

If you don’t have a lot of money, the Ruby Steel card will give you one percent of your $400 stake back. While some cards charge an annual fee, all come with a certain number of free withdrawals and overseas transactions per month. Since then, though, has shifted the goalposts, drastically lowering incentives in the process.

Earn interest

If you’re looking to buy Bitcoin and other cryptocurrencies, you may do it on For account holders, the interest rate might also be rather generous. Even the lowest interest rates offered by are better than those offered by the greatest high-yield savings accounts out now. Up to 10% is possible interest, but like the Visa card perks it requires substantial amounts of cash to qualify.

Available Cryptocurrencies

Image: Kanchanara / Unsplash
Image: Kanchanara / Unsplash

Over 250 different cryptocurrencies are available for purchase on On the other hand, some of these aren’t even sold in the United States, and others aren’t distributed widely enough to be considered nationwide. Having said that, its variety of coins is comparable to or even superior to that of the majority of its rivals. The following is a sample of the coins that are for sale. On the app, you may purchase the majority of the top 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and a great number of others. Binance Coin (BNB) and Binance USD (BUSD) are mentioned, which is encouraging to see given that these cryptocurrencies can be more difficult to track down.

Fee Structure

Fees and prices are essential considerations while researching a cryptocurrency exchange. Nobody enjoys losing a significant portion of their investment amount to transaction costs. You must exercise extreme caution when it comes to exchange fees. In addition to the apparent transaction costs and withdrawal fees, a number of exchanges have a number of hidden fees.

Fortunately, is one of the lowest-cost crypto trading platforms in the industry. The fee structure consists of the following sections:

Trading Fees on charges trading fees based on a maker/taker model. Makers are traders whose orders are not matched directly with an existing order. Their orders are added to the order book, increasing the exchange’s liquidity. Takers, on the other hand, are traders whose orders are quickly filled using orders already present in the order book. These traders reduce the market’s liquidity. calculates maker/taker fees for each person depending on their 30-day trading volume. The trade fees model contains nine layers. The basic level is for traders with less than $25,000 in monthly trading volume. These traders must pay a 0.4 percent maker and taker fee.

However, from level 3 and above, makers are compensated with minimal costs for providing market liquidity. The top tier is reserved for dealers whose monthly transaction volume exceeds $200,000,000. These traders are charged a maker fee of 0.04 percent and a taker fee of 0.10 percent.

You can cut trading fees further by staking CRO tokens in your wallet. If you stake more than 5,000 CROs, you will receive a 10% rebate on all trading fees. The greater your wager, the greater the discount you will receive.

Fees Deposit and Withdrawal 

Deposit and Withdrawal Fees: However, the platform imposes withdrawal fees on all exchange-exiting transfers. The withdrawal costs you incur vary based on the network and currency you choose. You can transfer out funds in both fiat currency and cryptocurrency.

Debit or Credit Card Fees

The process is basic and straightforward for all individuals. However, convenience comes at a price. Every purchase made with a debit or credit card incurs steep fees ranging from 2.99% to 3.99%. The good news is that this cost is waived for the first thirty days after registering a new account.

Fees For DeFi Swap 

The gas charge fluctuates from time to time based on a number of factors, including the network of choice, the volume of blockchain activity at the time, and the value of the transaction.

Payment Methods

It is usual policy for reputable cryptocurrency exchanges to offer users a variety of deposit and withdrawal methods. In addition to cryptocurrency, it ought to acknowledge payments in traditional currencies as well. When you use the app, you will, thankfully, have access to all of these options. The country in which you are accessing the wallet determines the precise list of payment methods that can be used to fund the wallet. On the other hand, the following are some of the more typical sources of funding that you might come across:

  1. Credit or Visa debit card
  2. Wire transfer
  3. Cryptocurrencies
  4. Transfers of fiat currency conducted through bank accounts

The payment medium you choose to use will determine the minimum and maximum transfer limitations that apply to you.

A more secure option

Image: iStock / Getty Images
Image: iStock / Getty Images

Users have access to all of the security features that are currently available, including multi-factor authentication and anti-phishing protections. Verification of a user’s identity can also take the form of a password, a biometric scan, an email, a phone call, or an authenticator. claims that security is integrated into every aspect of the company’s operations, and that its systems are subjected to rigorous testing by industry-leading security companies. It uses a program called Hacker One, which is a bug bounty program to uncover holes and store funds in cold storage.

In addition to having a $360 million insurance policy to cover losses due to damage or theft, has partnered with Ledger to provide customers the option of storing their cryptocurrency in a cold wallet. And while we’re on the subject of protection, if you have a balance in U.S. dollars, your money is FDIC-insured, just like it would be at a traditional bank if you kept it there.

Due to a problem with its two-factor authentication, was the victim of a breach that cost the company $34 million earlier this year. It compensated all of its users for their losses and, since then, has implemented an Account Protection Program in select regions.

Staking Rewards

For cryptocurrencies, you can earn up to 14.5% interest per year, and for stable coins, you can earn up to 10% interest per year.

Stable coins such as USD coin and paxos standard are presently supported by this solution for over 40 cryptocurrencies and stable coins. Unless you stake the coin (CRO), which provides you three deposit options: $400 or less, $4,000 or more, or $40,000 or more (unless you stake the coin).

It’s up to you how long you want to hold onto each asset. The crypto rewards calculator on the exchange also makes it simple to figure out how much you can make.

Opening an Account

Registering and verifying a free account for the app is a simple process. The overall process is free and takes only a few minutes.


Go to the website and click the Sign-Up button in the upper right corner of the screen.

Step 2:

Fill in the blanks with the necessary information (your name, nationality, date of birth, email address, phone number, etc.).

Step 3:

Make a secure password for your account and proceed. Make a note of it because you will need it every time you log in.

Step 4:

To validate it, an email/phone number verification link/OTP will be issued to you. Examine your inbox and confirm your email/phone number.

Step 5:

At this time, your account is created. However, before you can buy cryptocurrency, you must first authenticate your identity. To confirm your identification, launch the app or go to the official website and sign in using your credentials.

Step 6:

Navigate to the Identity Verification section of your app and upload the required paperwork. It could include a scanned copy of your legal ID card, photo, driver’s license, and other documents.

Once you’ve completed the verification process, you’re ready to buy cryptocurrencies.

Customer Service

Live chat is offered as a means of providing customer service around the clock by This feature is accessible via the desktop website as well as the mobile application. You can also reach them by email or the usernames that they provide on social media. However, you can expect a delay in responses if you choose to communicate using these methods. According to our analysis, the performance of the customer care team was deemed to be satisfactory. Responses were provided in a timely manner and were of assistance.

Final thoughts

Image: / iStock / Getty Images
Image: / iStock / Getty Images

We hope you enjoyed our review. The platform is one of the most professional crypto trading exchanges in the business. The organization hasn’t had a single major breach since it started operating in 2016. This fact alone should be sufficient to demonstrate the exchange’s track record of success. A number of unique products and services, including DeFi Swap, card, and DeFi digital wallet, have contributed to a rapid expansion of the platform, which is expected to exceed 100 million active users by year-end.

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