$ADA is now listed on the [http://Crypto.com ] App

<HONG KONG, June 17, 2019> - Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has listed Cardano’s ADA to its App.

Cardano is a ground-breaking proof-of-stake blockchain network and cryptocurrency project that will become capable of running financial applications used by individuals, organizations, and governments in everyday life. Cardano, the world’s first third-generation open-sourced decentralized public blockchain, is the first platform developed for smart contracts using a scientific philosophy. Its ADA Token can be used to send and receive digital funds.

With ADA added to the Crypto.com App, users can now purchase ADA at true cost with no fees - credit card and bank transfer both supported. As Crypto.com also offers the MCO Visa Card, this adds additional utility to ADA as users can easily convert cryptocurrencies into fiat currencies and spend at over 40m merchants globally.

Kris Marszalek, Co-Founder and CEO of Crypto.com said: “The addition of ADA on the platform opens up Crypto.com to Cardano’s wide community of users, we’re excited to become the place where they can purchase ADA at true cost.”


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Strange no one commented on this. I think this is pretty big announcement. Or am I wrong? Was waiting for some easy possibility to purchase ADA with EUR directly. Although after some research of crypto.com I found it a bit strange. Lots of bonuses they offer, no fees, so I wonder how they can afford it and what is their business plan…
Anyone has any experience with them?

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it is big. cf retweeted it. and they rarely do that. i pushed this through myself. so the other guys didn’t know about it till we announced it. best to keep things on the d.l. and not over-hype it.

it is a direct fiat to crypto on-ramp. they run a trading group for their constituents.

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How did I miss this?

Questions.

Is this just a buy and sell tool or do you get an Ada address that you can send and receive from?

Said another way, can I buy on Crypto.com and send the :ada: to my Yoroi wallet?

I bought some ADA using the Crypto.com app on IOS just to test it.
The problem is that you can’t withdraw your ADA from Crypto.com to an other wallet (Yoroi).
There is a message that this will be available in the future.
For now my ADA is sitting in the Crypto.com wallet :expressionless:

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Thanks @Micro86. That’s just like Metal Pay and Robinhood Crypto. They aren’t fully functional wallets. It’s more like buying and holding stock. You can’t do anything with it but sell it.

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