Crypterium is a fintech startup working to bridge the gap between traditional finance and the crypto market. The Crypterium Wallet is a mobile app that lets users conveniently store, buy, exchange, earn, spend, and cash out leading cryptocurrencies.
All the digital assets stored in the wallet are also completely insured to offer security to users. In addition to offering a safe storage option for your cryptocurrencies, the Crypterium Wallet also provides high yields on your crypto savings in the account. It’s a risk-free and convenient way to grow your portfolio simply by holding cryptos.
The licensed and fully regulated financial institution in the European Union also offers a card that makes it easy to spend your crypto holdings, just like fiat currency. Crypterium Wallet users can easily activate their Virtual Cards and connect them to ApplePay for use. They can also apply for a physical Visa card with a spending limit of up to €10,000 per month and a withdrawal limit of €2,500 per month.
Each Crypterium account is protected by 3-layer security and anti-fraud protocol and is insured by BitGo. Crypterium’s services are operational across over 170 countries worldwide and support over 200 crypto exchange pairs from the top 10 crypto exchanges.
$CRPT is the native asset of the Crypterium ecosystem and functions as its utility token. It is used to pay transaction fees when making crypto-to-fiat transactions and earn incentives on the platform.
Crypterium consists of the following services:
The digital wallet supports 20 leading cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and CRPT. You can transfer funds to and from Crypterium accounts using the wallet address or registered mobile number. The wallet offers a convenient way to buy, spend, earn, exchange, cash out, and transfer cryptos worldwide.
You can also set up a high-yield savings account on your Crypterium wallet to earn attractive interest on your crypto holdings. As of August 2022, the platform offers APRs as high as 15.6% on USDC, DAI, CRPT, BTC, ETH, and TON deposits.
As an account holder on the platform, you can apply for a Crypterium card. Choose between a physical and a virtual card. The virtual Crypterium card can be linked with ApplePay for seamless use, while the physical Visa card can be used for shopping and cash withdrawal. Review this list to determine if Crypterium services are restricted in your country of residence before signing up.
In addition to storing and managing cryptocurrencies, the Crypterium platform also leverages artificial intelligence (AI) to offer price predictions to help you trade digital assets better. The Crypterium AI analyzes over 200 factors to provide up to 93% accuracy on price change for more than 140 crypto assets.
CRPT is the utility token of the Crypterium ecosystem and is used to pay gas fees for transactions and support crypto-to-fiat transactions within the platform. The transaction fee is fixed at 0.5% of the transaction value and is paid by users in CRPT.
Crypterium burns a percentage of CRPT every month, reducing its total supply and supporting its value through this deflationary mechanism. The burn rate of the token depends on the revenues earned by Crypterium.
The origin Crypterium project can be traced back to mid-2017, when it raised $51 million via an initial coin offering (ICO) to become one of the most successful ICO launches of its time. The Crypterium ICO set the world record for the maximum number of token buyers upon its launch.
The Crypterium mobile app was launched in early 2018. The Crypterium App allowed users to send and receive payments worldwide and even top up their mobiles with zero transaction charges. Towards H2 2018, the company received two licenses to start operations as a financial institution. This enabled Crypterium to launch its own crypto-fiat and e-commerce offerings.
In early 2019, Crypterium launched its global crypto card. The service received interest from more than 15,000 consumers across 150 countries. The Crypterium App was updated to allow users to buy crypto with cards and cash out their cryptos. Later in the year, Crypterium launched its mobile wallet and rolled out its Monthly Loyalty Program (MLP) to incentivize users via its CRPT token.
In early 2020, Crypterium became an official VISA Europe partner and launched new crypto payment cards across 170 countries. The platform also released its AI-based Price Predictions service. In early 2021, Crypterium launched a crowdfunding campaign via Seedrs to offer high-yield savings accounts on its platform.
Crypterrium (CRPT) is an excellent asset to include in your portfolio because of its growth potential. As a licensed and regulated financial institution, Crypterium offers a way to drive mainstream use of cryptocurrencies and could expand its future scope of offerings and reach.
As one of the emerging fintech companies looking to bridge traditional finance with the crypto world, the Crypterium price could rise as the company announces more services and partnerships with more clients. A significant increase in consumers signing up for and using the Crypterium wallet and card could also increase the CRPT price.
In addition, the CRPT price statistics could benefit from the company becoming regulated and receiving licenses for operating in more markets beyond the EU. The price of Crypterium could climb higher as the fintech company rolls out more innovative use cases for crypto in the mainstream market.
Finally, the Crypterium price could also witness an uptrend amid an improvement in the market sentiment toward cryptocurrencies. As investor confidence in digital assets increases, more buyers would be interested in adding cryptos like CRPT to their portfolios, contributing to a pick-up in the value and market cap of Crypterium.
CRPT, the native asset of Crypterium, is an ERC-20 token designed on the Ethereum blockchain. It has several applications, including:
CRPT plays a crucial role in maintaining crypto-to-fiat transactions within the Crypterium ecosystem. In addition, the token is also used to pay gas fees at the rate of 0.5% per transaction on the platform.
As a CRPT token holder on the Crypterium Wallet, you are eligible to receive incentives through the app’s Monthly Loyalty Program (MLP). CRPT holders receive incentives for their loyalty and engagement with the platform.
Crypterium allocates 30% of its earnings from transaction fees to the MLP fund, 50% of which is distributed as a reward to CRPT holders. The higher your CRPT holdings in the app, the higher your potential for earnings becomes.
Crypterium also burns a percentage of the total supply of CRPT tokens to increase their value via deflation. 0.5% of the trade value in CRPT is taken from each user’s account and burned at the end of each month to reduce the CRPT circulating supply.
Crypterium plans to increase the rate of token burning to remove as much as 30% of CRPT circulation from its total supply over the next two years. The token burning mechanism helps drive up the value of the Crypterium project and supports its market cap.
The CRPT crypto is an attractive crypto asset to invest in, trade against other digital assets, or hold. You can buy or sell Crypterium against other crypto assets or hold it long-term if you believe in the project’s future potential. Check the real-time Crypterium price, CRPT live market cap, circulating supply, 24-hour trading volume, and latest crypto news before you trade CRPT in the market.
You can also invest in CRPT if you want to put your crypto to work and generate passive income from it. Deposit and hold CRPT in your Crypterium savings account to earn as much as 21% of interest in a year. This is a low-risk way to grow your portfolio and is an incredibly beneficial strategy if you are a HODLer.
There are many ways to earn CRPT tokens and grow your crypto portfolio by investing in this cryptocurrency. Here are some examples:
Deposit and hold CRPT in your Crypterium savings account to earn CRPT rewards. Crypterium’s high-yield savings account lets you earn as much as 21% annually through this risk-free and convenient option.
You could buy or sell CRPT against other digital assets based on market conditions to earn profits. Through careful analysis of the Crypterium price chart, you could find exciting trade ideas that could help you grow your CRPT holdings.
Crypterium’s MLP service lets you earn rewards in CRPT tokens if you hold the token in your Crypterium Wallet. The Crypterium App distributes a percentage of transaction fees earned in CRPT to token holders on its app, giving you an easy way to earn Crypterium.
You can use the Crypterium Wallet as a web or mobile app. If you wish to use the mobile app, download the app to your smartphone before you begin. Here’s how to set up an account on Crypterium Wallet:
1. Click on the Create an account option on the app’s homepage.
2. Enter your phone number and set a strong password to secure the account. You also have the option to enter a referral code, if available, on this page.
3. The app will send a One-Time Password (OTP) code to your mobile phone for verification before proceeding further.
4. After verifying your mobile number, you can enter an email address and set up a 4-digit PIN to access your wallet securely.
5. Your account is now set up, and you can add funds to it to start using it.