Monaco (mco) now known as crypto.com, is a blockchain firm that is offering mobile wallet app and a prepaid MCO visa cards which allows users to buy, sell, trade and spend their cryptocurrencies such as Ethereum and bitcoin, and other fiat money like the Japanese yen and U.S dollars. In June 2018, Monaco spent around $10 million to rebrand as crypto.com.
The MCO token happens to be the native of ERC-20 cryptocurrency token of crypto.com’s payment platform. The token has a total circulating supply of about 32, 654, 530 MCO and the peak market price of MCO was about $24.22 which was in 28th august 2017. The ICO of Monaco crowd sales was held from 18th may to 18th June 2017, which was able to raise about $27, 700, 000 worth of ETH and selling around 9, 486, 500 MCO. 30 percent out of the total supply of 32, 654,530 was sold in the ICO crowd sale, Monaco retained about 25 percent for their founders, 5 percent was given to their advisors, 10 percent was held back by the company, and 30 percent was left as reserve tokens.
One thing about Monaco (mco) is that it cannot be mined, it can only be issued in responds to deposits done into the crypto.com wallet and its card. MCO happens to be accepted on many popular cryptocurrency exchange platforms such as Binance, Bittrex, Coinbase, Huobi, ABBC, Bit-Z and Upbit. Around $10 million worth of MCO is traded every day with trading pairs such as ETH, USDT and BTC.
MCO is an ERC-20 token, which simply mean that you can store it in any ERC-20 compatible cryptocurrency wallet such as Trezor and Ledger hardware wallets. But note that it is only MCO that are stored on the official crypto.com mobile wallet will be count for balance requirement to get the MCO visa card.
How To Buy MCO coin
To buy mco coin, either you buy from someone who has mco coin to sell or you buy from an online mco coin exchanger. There are three world class online exchangers we would love to recommend for you for a safer transaction, they are:
Coinbase is a global digital currency asset and exchange company that provides a platform to buy and sell all kinds of digital currencies worldwide. Coinbase as well sends all necessary information about your transactions to block chain network so that it can be verified.
Coinbase also serves as a wallet where all your digital currencies can be safely stored. In their platform, they exchange different types of cryptocurrencies such as Ethereum, Litecoin, Bitcoin, mco coin and also other fiat currencies in over 70 countries.
Coinbase has over 30 million customer base and has facilitated the exchange of digital currencies worth over 50 billion dollars since its establishment in 2012. So if you are interested in buying mco coin or trading in digital currencies in today’s digital world, then we recommend you sign up with Coinbase.
When buying and selling cryptocurrencies, Coinbase expects you to link your bank account or debit or credit card (whichever you prefer) to your account with Coinbase to be able to buy cryptocurrencies. To use a bank account in Coinbase enables you to have higher limit which is $100 per transaction and $2, 500 per week, but the disadvantage is that it takes long to verify such transactions, so you will definitely see your money between two to four days in your Coinbase wallet depending on your bank. But for those who want to sell digital currencies, once you have confirmed the sales, it will also take between two to four days for your proceeds to reflect in your bank.
For those with debit or credit cards on their Coinbase wallet, a lower limit of $200 per week is given, though you can still buy cryptocurrencies by transferring money from your bank to the Coinbase web portal and your bitcoin will show up in your Coinbase wallet instantly.
Binance is a cryptocurrency trading platform that offers the most competitive crypto rate in the world. Binance accepts users from all over the world and have received lots of positive reviews from cryptocurrency traders. Recently, they have partnered with top Israel based Payment Company called Simplex to enable credit card buying of cryptocurrencies at a premium.
Binance was founded by Changpeng Zhao and launched on July 2017. Their operation consist of crypto to crypto exchange which means that they don’t facilitate fiat currencies. Their partnership with Simplex will allow them to run brokerage services that will enables you to buy up to 6 different cryptos with your credit card and a service fee of 3.5% will be charged by them.
Binance only accepts crypto deposit in their platform, meaning that you can transfer your mco coin from Coinbase to Binance. Note that all the coins that are supported by Binance can be deposited and withdrawn at any time. The platform enables you to buy the below cryptos with your credit card:
- Ripple (XRP)
- Ethereum (ETH)
- bitcoin (BTC)
- Binance coin (BNB)
- Bitcoin cash (BCH)
- Litecoin (LTC)
Kucoin is known as one of the best and tastiest growing crypto exchange in the world. Also known as the people’s exchange, it is very simple and easy to use for first time investors, and for advanced users who love cryptocurrencies. They have whole lot of altcoin on their platform and are also adding more on a regular bases. Kucoin’s objective is to offer low fee for both withdrawing and trading. Zero deposit fee and their trading fees are only 0.1 percent on whatever you purchase making it very affordable to use their platform.
To ensure you get good trading experience, whether you are buying or selling mco coin, we recommend you register with the above mentioned exchange (Coinbase, Binance and Kucoin) for safer transactions.
Why You Should Buy MCO Coin Now
The hardware wallet developer ‘’Ledger’’ has finally signed a collaboration agreement with crypto.com (mco) the payment service provider based in Hong Kong, which intend to reward their customers for buying cryptocurrency wallet. Crypto.com currently supports Ether, Bitcoin, MCO, Litecoin and Binance coin, and with around $10 million MCO traded on a daily basis, MCO will be the future coin every person would love to get.