How & Where to Buy Crypto.com (MCO)
Step 1: Buy BTC or ETH at Coinbase
Sign up and purchase bitcoin (BTC) or Ethereum (ETH) at Coinbase.
If Coinbase is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money.
Use Crypto.com: Ways to send & spend MCO
Crypto.com Price & Information
Current MCO price and historical price chart
What is MCO?
MCO is a crypto mobile wallet provider and debit card manufacturer with goals to easily allow the expenditure of cryptocurrency in every day life. Their debit card seamlessly converts crypto to a local fiat cash of choice for little to no charge and offers extensive perks for its users, including “crypto cash back” on purchases and zero ATM withdrawal fees. By using MCO’s services, card holders can skip the wait times normally associated with cryptocurrency conversion, spending it on the fly without having to deal with the hassle of going through an exchange. The benefits associated with their cards are many and challenge those of the best regular debit and credit cards to be found anywhere around the world.
History of MCO
The MCO project, formerly known as Monaco, was first launched in June 2016, with a goal “to put cryptocurrency in every wallet.” MCO is primarily based out of Hong Kong, with an additional office in Singapore. They completed their token sale in June 2017 in which they raised $27 million and were listed on their first major exchange one month later. MCO launched their first mobile wallet app in August 2017, shortly afterward announcing plans to start shipping their debit cards in 2018. Less than a month later they surpassed a market capitalization value of $230 million, making them one of the fastest rising tokens to ever hit the cryptocurrency markets.
How MCO Works
MCO’s physical debit cards are made of metal and come in a variety of colors, each corresponding to different levels of “crypto credit” access. In order to purchase the cards, customers must purchase between 500 and 50,000 MCO coins and hold them for 6 months time before selling them. MCO is partnered with Visa and their cards act similar to any other prepaid Visa card, except they can be loaded with a multitude of cryptocurrencies and used to make purchases or cash withdrawals instantly. There are no annual fees associated with MCO debit cards and transaction fees are minimal when they exist at all.
The MCO token is vastly different from any other Ethereum token in that it (and only it) can be used to purchase or pre order their main product. Features that separate them from other blockchain-based businesses include:
Physical debit cards. MCO’s debit cards are made of metal and offer several perks, like
– no shipping
– up to 2% crypto cash back
– airport lounge access worldwide
– allows spending in local currency without paying exchange fees
– free ATM withdrawals
– instant transaction notifications via phone
– 24 hour live customer support
Strong community. MCO is very active on all major social media platforms, boasting over 65,000 Twitter followers, 4,900 Facebook followers, 3,500 YouTube subscribers, 1,3000 Instagram followers and 7,400 Telegram members.
Industry partnerships. MCO is teamed up with some of the biggest names in cryptocurrency exchanges, including Binance, Bithumb, Bittrex, Cobinhood, Huobi, Hit BTC, OKEx, Upbit and YoBit. This helps to assure that their cards and wallets are readily supported by the industry’s leading providers of cryptocurrency exchange.