Updated December 21, 2021 Coin (CRO) Explained: What Is Coin?


We may receive a commission if you sign up or purchase through links on this page. Here's more information. Coin (CRO) went on an absolute tear in 2021, particularly in November.

The biggest pump happened after November 16, when it was announced that the Staples Center in Los Angeles — home of the Lakers, Kings, Clippers, Sparks, and Avengers —  will be renamed the Arena on Christmas Day.

But what is Coin and how does it work?  Does it have value long-term or is it just hype?

What Is Coin (CRO)? Coin (CRO) is the native token of the ecosystem. is a cryptocurrency platform that lets users:

  • Buy and sell cryptocurrency: You can actually use a credit card to buy crypto on, which is somewhat unusual.  And right now, I believe that is waiving the credit card fee for a limited time when you use your credit card to buy cryptocurrency on the platform.  That said, I personally had a few cards declined when trying to buy crypto on the platform using a credit card, but my Barclays card worked.  I think it just depends on the bank.
  • Buy and sell NFTs: has its own NFT platform.  I have not really looked into it.  If anyone has, I would love it if you dropped a comment for me below to let me know what you thought about it.
  • Use the debit card: has a debit card that you earn rewards for using, and really this debit card is kind of the crux of the benefits you get from using and holding the Coin.
  • Earn yield on your cryptocurrency: Like other platforms, allows you to earn interest on the cryptocurrency you hold on the platform.
  • Borrow against your cryptocurrency: lets you borrow against your cryptocurrency, but you get a lower rate if you’ve staked at least $40,000 worth of CRO.

And the more Coin you have, the more benefits you get out of the ecosystem, which itself revolves around the debit card. Debit Card

The more Coin you have staked — defined as having held a certain amount of the coin in your App Wallet for at least six months — the higher level of debit card you qualify for and the more benefits you receive.

For example, if you stake $400 worth of Coin, you qualify for the Ruby Steel debit card, which gives you 2% CRO rewards on your spending in addition to other benefits.

But if you stake $40,000 worth of coin, you qualify for the Frosted Rose Gold & Icy White debit card, which gives you 5% CRO rewards on your spending in addition to other benefits.

The table below compares the five different debit cards.

Card Tier CRO Rewards Free Subscriptions Other Discounts Lounge Access Free ATM Withdrawals Sign Up
Midnight Blue
$0 CRO Stake






Ruby Steel
$400 CRO Stake






Royal Indigo / Jade Green
$4,000 CRO Stake


Spotify, Netflix


You Only


Rose Gold / Icy White
$40,000 CRO Stake


Spotify, Netflix, Amazon Prime


You + 1 Guest


$400,000 CRO Stake


Spotify, Netflix, Amazon Prime

Expedia, Airbnb

You + 1 Guest

$1,000/Month Earn has an earn function where you can earn essentially interest or yield on the cryptocurrency you earn on

The more Coin you hold, the higher your yield is for each coin.

For example, if you’re staking $400 or less of CRO, you’ll earn 4.5% interest on your bitcoin with a 3-month stake, but if you’re staking more CRO — at least $4,000 or at least $40,000 — you’ll earn a higher yield.

Your rewards rate also depends on what term you choose.  From lowest interest rates to highest interest rates, here are the lock-up periods:

  • Flexible
  • 1-Month 
  • 3- Month

If you’d like to calculate the rewards you would earn based on your current 6-month CRO stake as well as your term, go to

Am I Bullish on Coin?

Personally, I am bullish on Coin.

And let me just tell you why with an anecdote.

I have a brother who just graduated from high school earlier this year.

And he knows I’m into investing and cryptocurrency, and a few weeks ago, he told me that he was going to start investing in crypto.

I was like, “Great!”

So what did he do?  He Googled “crypto” — and if you Google “crypto”, the first thing that pops up is

He created an account and told me he bought 150 crypto coins, which I later found out were CRO.

He bought these on November 7 when CRO was at least $0.35.  He has now doubled his money, and he’s ecstatic.

And guess what platform he’s likely going to use in the future to buy more crypto?

Having a basic “” domain name is extremely powerful.

In fact, paid $12 million for its domain back when they were called Monaco, and I think it’s really paying off and that as crypto gets more and more mainstream, will be one of the winners with the masses.


Logan Allec, CPA

Logan is a practicing CPA and founder of Choice Tax Relief and Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

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