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Crypterium is developing a mobile app that allows users to use cryptocurrency for everyday transactions. With the Crypterium App, users can trade cryptocurrencies, top up their phones, open a savings account, and order a global crypto card. The project has gained recognition as one of the 'Emerging 50' in the 'FinTech 100' report by KPMG and H2Ventures. Crypterium has over 400,000 registered users and benefits from the expertise of Keith Teare, co-founder of TechCrunch, as one of its advisors. Download the app from the following links: - Apple Store: https://itunes.apple.com/US/app/id1360632912?mt=8%29 - Google App: https://play.google.com/store/apps/details?id=com.crypterium
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What is Crypterium (CRPT)?
Crypterium is a fintech startup that aims to bridge the gap between traditional finance and the crypto market. It offers the Crypterium Wallet, a mobile app that allows users to conveniently store, buy, exchange, earn, spend, and cash out leading cryptocurrencies. The wallet ensures the security of digital assets by providing complete insurance coverage. Additionally, the Crypterium Wallet offers high yields on crypto savings, providing a risk-free and convenient way to grow your portfolio. Crypterium also offers a card that enables users to spend their crypto holdings just like fiat currency. The wallet is protected by 3-layer security and anti-fraud protocols and is insured by BitGo. Crypterium operates in over 170 countries and supports over 200 crypto exchange pairs from the top 10 exchanges. The native asset of the Crypterium ecosystem is $CRPT, which functions as a utility token for paying transaction fees and earning incentives on the platform.
How Does Crypterium Work?
Crypterium offers several services:
Crypterium Wallet
The digital wallet supports 20 leading cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and CRPT. It allows users to transfer funds using wallet addresses or registered mobile numbers. The wallet provides a convenient way to buy, spend, earn, exchange, cash out, and transfer cryptocurrencies globally. It also offers a high-yield savings account with attractive interest rates on USDC, DAI, CRPT, BTC, ETH, and TON deposits.
Crypterium Card
Account holders can apply for a Crypterium card, which can be either virtual or physical. The virtual card can be linked with ApplePay for seamless use, while the physical Visa card can be used for shopping and cash withdrawal. Please check the list of restricted countries before signing up.
AI Crypterium Price Predictions
Crypterium leverages artificial intelligence to provide price predictions for more than 140 crypto assets. The AI analyzes over 200 factors and achieves up to 93% accuracy in predicting price changes.
CRPT Token
CRPT is the utility token of the Crypterium ecosystem. It is used to pay gas fees for transactions and support crypto-to-fiat transactions within the platform. Users pay a fixed transaction fee of 0.5% in CRPT. Crypterium burns a percentage of CRPT every month to reduce its total supply and support its value.
History of Crypterium and CRPT Crypto
The Crypterium project started in mid-2017 with a successful initial coin offering (ICO) that raised $51 million, setting a world record for the maximum number of token buyers at that time. The Crypterium mobile app was launched in early 2018, allowing users to send and receive payments worldwide with zero transaction charges. In H2 2018, Crypterium obtained licenses to operate as a financial institution, enabling the launch of its crypto-fiat and e-commerce offerings. In early 2019, Crypterium introduced its global crypto card, which attracted interest from consumers in 150 countries. The Crypterium App was updated to allow users to buy crypto with bank cards and cash out their holdings. Throughout the years, Crypterium continued to expand its services, becoming an official VISA Europe partner, launching new crypto payment cards, and introducing AI-based price predictions. In 2021, Crypterium launched a crowdfunding campaign to offer high-yield savings accounts on its platform.
Answers
Is Crypterium (CRPT) a Good Investment?
With its growth potential and status as a licensed and regulated financial institution, Crypterium (CRPT) is an excellent asset to include in your portfolio. It aims to drive mainstream use of cryptocurrencies and expand its future scope of offerings and reach. As Crypterium announces more services and partnerships, the price of CRPT could rise. Increased adoption of the Crypterium wallet and card by consumers could also contribute to the growth of CRPT price. Additionally, obtaining licenses to operate in more markets beyond the EU could positively impact the CRPT price. As market sentiment towards cryptocurrencies improves, the value and market cap of Crypterium could witness an uptrend.
What is CRPT Token Used For?
CRPT is the native asset of Crypterium, designed as an ERC-20 token on the Ethereum blockchain. It serves several purposes:
- Utility Token: CRPT plays a crucial role in maintaining crypto-to-fiat transactions within the Crypterium ecosystem. It is also used to pay gas fees at a rate of 0.5% per transaction on the platform.
- Incentive Token: CRPT token holders on the Crypterium Wallet are eligible to receive incentives through the apps Monthly Loyalty Program (MLP). The platform allocates 30% of its earnings from transaction fees to the MLP fund, with 50% distributed as a reward to CRPT holders based on their holdings.
- Token Burning: Crypterium burns a percentage of the total supply of CRPT tokens to increase their value through deflation. Each user's account is deducted 0.5% of the trade value in CRPT, which is burned at the end of each month. This mechanism helps drive up the value of the Crypterium project and supports its market cap.
- Crypto Asset to Trade and HODL: CRPT is an attractive crypto asset for investing, trading against other digital assets, or long-term holding. Before trading CRPT, it is advisable to check real-time price, market cap, circulating supply, trading volume, and latest crypto news.
- Earn Passive Income: By depositing and holding CRPT in your Crypterium savings account, you can earn up to 21% interest per year. This low-risk strategy allows you to generate passive income and grow your portfolio.
How to Make Money From Crypterium (CRPT)
There are several ways to earn CRPT tokens and grow your crypto portfolio through Crypterium:
- Stake CRPT on Crypterium: Deposit and hold CRPT in your Crypterium savings account to earn CRPT rewards. This risk-free and convenient option allows you to earn up to 21% annually.
- Trade Against Other Cryptos: Buy or sell CRPT against other digital assets based on market conditions to earn profits. Analyzing the Crypterium price chart can help you identify trade opportunities.
- Crypterium Monthly Loyalty Program (MLP): Hold CRPT tokens in your Crypterium Wallet to participate in the MLP. A percentage of transaction fees earned in CRPT is distributed to token holders, providing an easy way to earn Crypterium.
How to Set Up a Crypterium Wallet
You can set up a Crypterium Wallet as a web or mobile app. To use the mobile app, download it to your smartphone and follow these steps:
- Click on the 'Create an account' option on the app's homepage.
- Enter your phone number and set a strong password for account security. You can also enter a referral code if available.
- Verify your mobile number by entering the One-Time Password (OTP) code sent to your phone.
- After verification, enter an email address and set up a 4-digit PIN for secure wallet access.
- Your account is now set up, and you can add funds to start using the Crypterium Wallet.
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