Step by Step Guide: How to Delete Crypto com Account?

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There was a time when every newbie to the crypto industry had to have a Crypto.com account. Because of the exchange platform’s advantages, including its extensive list of popular cryptos and low taker fees relative to other platforms, it was very popular. But with the introduction of more radically effective and innovative platforms, things are different now.

Maybe you want to delete your Crypto.com account because trading on the platform is expensive unless one has a lot of its native token. Or maybe you can’t make heads or tails of its trading fee discount tiers. Whatever the case, as long as you are not pulling out of all things crypto and simply want to delete crypto com account, this article is for you. In this article, we show the requirements you need to delete crypto.com accounts.

But, first, a set of disclaimers.

Disclaimers

  1. No restoring account after deleting it. The most important thing to note about deleting Crypto.com accounts is that you cannot restore the account after successfully deleting it. The platform generally immediately complies with such requests, so your data is locked out of use. As a result, there is no way to recover anything from the account after you verify your request to erase your data from the platform.
  2. Any attempt to use Crypto.com in the future would require a new registration. Following every successful account removal from Crypto.com, users will no longer be able to use said account in the future to access anything. In other words, the only way for an old Crypto.com user to access the platform’s services is to register afresh. This new registration process will not be different from the first and will include even the tedious KYC (Know Your Customer) verification procedure.
  3. Even after deleting your Crypto.com account, your user data is not immediately erased. According to the terms and conditions of Crypto.com, your user data will be stored for at least 5 years, and only afterward will it be removed from the platform. Of course, this does not mean that you can recover the data in the meantime. It also does not mean that the platform will use the data for anything untoward. It only means that similar to how other crypto exchanges run their platforms, nothing is ever really lost at Crypto.com, until after 5 years, at least.
  4. Regarding balances. Regarding your balances, you should endeavor to clear them before deleting your account. Otherwise, they are gone and gone forever. The only condition to keep in mind on this front is that you cannot withdraw below the minimum withdrawal limit. Therefore, if you intend to clear out your entire account without leaving anything behind, you have to reach out to the Crypto.com support staff. Also, make sure to settle pending transactions because, once again, deleted accounts are irrecoverable.
  5. When you need to pay to delete Crypto.com accounts. Deleting Crypto.com accounts is generally free. The only instance in which you would be required to pay anything to successfully have the platform erase your information is when you have an active Crypto.com VISA card. In such cases, you have to pay 50 USD before the platform would comply with your request to delete crypto com account.

Requirements for Deleting Crypto.com Accounts

You cannot willy-nilly delete a Crypto.com account. Here is a list of the things you need to have.

  1. Access to the email address you used for registering with Crypto.com.
  2. A structured email with “Close Account” as the heading.
  3. An image showing you holding a piece of paper with your full name, current date, and ‘Crypto.com.’

Steps How to Delete Crypto com Account

Step 1: Construct Email

The first step to deleting your Crypto.com account is to craft a well-structured email. Crypto.com only complies to requests to delete accounts when these requests are forwarded to the platform via email. So, construct an email with ‘Close Account’ as the heading (or subject) and the email address you used to register your Crypto.com account.

Step 2: Attach Photo of Self Holding Necessary Documents

The second step involved in deleting your Crypto.com account is to attach an image with the necessary details to confirm that the account is yours. These details include a clear image of your face, your full name, the current date (MM-DD-YYYY or DD-MM-YYYY), and ‘Crypto.com’ written underneath. So, you can use a plain sheet of white paper to write your name, the date, and the name of the platform in very clear and legible print. Once you have determined that the print is clear enough, hold it to your chest and take a clear shot. Then attach this shot to your email.

Step 3: Send Email to Crypto.com

Having attached the image of you holding a piece of white paper to the email, make sure to send the email to contact@crypto.com. This is the approved email address for deleting Crypto.com accounts. Don’t send the email to Crypto.com mistakenly as such emails will not be attended to, assuming they deliver.

Step 4: Expect a Response Within a Day or Two.

After sending the email to the correct address, you have to wait between 24 and 48 hours for a response from Crypto.com. If you don’t get a response, it would mean that the information you included in the email is incorrect. So, make sure to go over said email, especially the address from which you intend to send off the request.

Step 5: Delete All Apps Associated with Crypto.com on Phone and Web Browser.

Once Crypto.com has confirmed your request, you can go ahead and delete every app or file associated with Crypto.com on your mobile phone. You should do the same with your web browser. This will save you from having your data invariably transmitted to the platform.

As long as you follow the steps cited above, you will be able to successfully delete your Crypto.com account.

Kyrrex crypto-fiat bank

Registration with kyrrex crypto

If you intend to continue trading cryptos and need an innovative, reliable, and rewarding exchange platform, you can try Kyrrex crypto exchange, a regulated all-in-one crypto platform for both crypto and fiat currencies. You can sign-up for a personal or business account with only your email and begin to trade with ease, benefiting from low trading fees, a deep liquidity pool, 24/7 online customer support, and many more. And here is the kyrrex registration guide how to do it properly.

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Top 3 Ways to Buy Tether Instantly

Tether is perhaps the third most important cryptocurrency after Bitcoin and Ether. It's a stablecoin so it's relatively stable, unlike BTC and other crypto whose values fluctuate, sometimes wildly, from one minute to the next.

Tether is better known as USDT and is the main on-ramp and off-ramp currency in the crypto market. People who want to buy Bitcoin, Ether or some other coin, usually buy USDT first.

Although there are other stablecoin challengers like BUSD, USDC and DAI, tether endures as the leading collateralized stablecoin on the market.

For this reason, there are numerous ways to buy Tether instantly. You can buy USDT with fiat or another cryptocurrency. You can buy Tether on basically every major cryptocurrency exchange on the market. You can even buy Tether offline through P2P. Here, we gather some of the best ways to instantly buy Tether.

Let's begin with where you can buy Tether (USDT)

Where Can I Buy Tether (USDT)?

You can buy Tether with credit card or other means on every major cryptocurrency exchange. If you hold a popular cryptocurrency, you can look for its pair with tether on a centralized or decentralized exchange and swap it for USDT.

Because of its importance to crypto, Tether is the most common coin for pairing with other cryptocurrencies.

Here are some exchanges where you can buy USDT instantly and use it to buy other cryptocurrencies:

  • Binance — for Asia, Africa and the Middle East
  • Kyrrex — for Europe
  • Coinbase — for North America

You can also buy Tether on-ledger on supported blockchain networks. For example, if you wish to use tether on the Ethereum or Solana network, you can go to a decentralized exchange like Uniswap or Raydium and buy ERC20- or SPL-compatible USDT.

How to Buy USDT (Tether)?

Once you've allocated the funds or crypto to buy tether with, the next step is to make the purchase. These pointers will guide you on how to do so.

1- Choose a Crypto Exchange

If you want to buy USDT instantly, you need a platform. That's where cryptocurrency exchanges come in. It is important to choose the right exchange that will let you buy Tether online with your preferred method.

You shouldn't rush to create an account on the first crypto exchange you come across. There are so many of them and they vary in terms of ease of use and the features they offer. Your location should also be considered before you plump for an exchange.

Several exchanges have been under the spotlight in various parts of the world for possible regulatory infractions. If you're big on AML compliance, you should consider buying your USDT and making trades on exchanges like Kyrrex.

2- Buy USDT

On a centralized exchange, you need to open an account and get verified before you can buy Tether. On a decentralized exchange like Uniswap, you can skip verification.

Once you're ready to buy Tether online, you can accomplish this through several methods. Let's talk about each one.

Buy Tether with Another Cryptocurrency

You can convert another cryptocurrency to Tether easily through an exchange. You just need to make sure the exchange you're using supports the USDT pair with the cryptocurrency you hold. Examples of popular crypto coins with Tether pairs are BTC, ETH, SOL, KRRX, BNB, AVAX, LTC, XLM, LINK, MATIC and DOT.

If your favorite exchange doesn't have a USDT pair in your crypto, first convert your coin to another coin that has a USDT pair, then convert the new coin to USDT.

Buy Tether with Fiat

You can directly buy Tether with fiat money. Fiat money is any currency like the pound, euro and dollar that is backed by a government and issued by a central bank.

You can easily and conveniently convert traditional money to USDT on a cryptocurrency exchange. Just navigate to the appropriate section of the platform and initiate a "Buy" transaction for Tether. Choose the buying method you want and confirm your choice. Note that the options to buy USDT will vary depending on your country of residence.

That said, there are several ways to buy USDT with fiat money. Let's talk about the most common methods:

Buy Tether with Credit Card

You can easily buy USDT with credit card on Kyrrex and other exchanges that support this feature. Most platforms support using cards from Visa and MasterCard.

  • Navigate to the section on the platform where you can select the option to buy or deposit crypto.
  • Select the option to buy crypto with Credit or debit card.
  • Choose the crypto you want to buy. That would be USDT in this case.
  • Select the amount of USDT you wish to buy. You can also input the pounds, euro or dollar amount to generate a corresponding USDT value.
  • Fill in your credit card details.
  • Authorize the transaction and confirm your purchase.

This method also works for buying USDT with debit card as well.

Buy Tether with Bank Transfer

You can also buy USDT with direct deposits from your local bank account. Again, this feature is only available in certain countries and regions. If this is your preferred method to buy crypto, consider whether a cryptocurrency exchange supports the option before signing up.

  • Open the exchange app and navigate to the section that lets users buy crypto.
  • Choose the amount of USDT you wish to buy and the purchase currency.
  • Choose the option to buy with bank transfer or direct deposit
  • The platform will generate a bank account for use with instructions. Open your own bank app and transfer the correct amount to the given bank account.
  • Confirm your transaction and get credited with USDT.

After Buying Tether, What Next?

Once you've acquired your shiny new Tether coins, there are a number of things you can do with it. You have several ways to productively use your USDT on an exchange like Kyrrex.

Buy Crypto

As mentioned before, USDT is the most common pair for cryptocurrencies. You can use it to buy whichever popular cryptocurrency you're after.

On Kyrrex, simply go to Spot and exchange USDT with the cryptocurrency you want.

Earn Crypto

If you want to be more conservative with your investments, you can use your Tether holdings to earn passive income by earning interest on it.

On Kyrrex, you can lock your crypto into a savings program and earn interest just like you would with money in a bank. Simply go to Earn, choose your asset (USDT), select the contract term you like, choose the interest type, and click Create. Next, enter the amount of USDT you want to save. Once you've confirmed your savings, your USDT will start earning interest for you.

#Analytics
article
Cryptocurrency is changing how colleges do business with students and donors

Ten years ago, cryptocurrency was a niche concern that most people ignored. Now, everyone is angling for a bite of the cake. Governments are thinking of ways to impose regulations and tax the industry. Venture capital has plowed in billions of dollars in expectations of big returns down the line. Various big and small outlets have added crypto to their payment systems.

Colleges and universities have also got in on the act, as crypto continues to grow in recognition and acceptance. For a long time, the involvement of educational institutions in crypto wasn't always salutary. Criminal organizations that attacked school networks often demanded that the universities pay the ransom in crypto. In many instances, the affected schools complied to get their networks restored quickly.

Now, this is changing. With better security protocols in place to protect schools from crypto-demanding hackers, attention has turned to the more positive roles and uses of blockchain technology in education.

In this article, we outline several ways crypto and blockchain technology is transforming interactions between universities and students and donors.

The bigger picture to crypto usage

It is worthwhile to situate the growing use of crypto in schools within the overall social trend. In recent years, crypto adoption has grown among the public, with the largest segment of new converts being young consumers. According to a CNBC report, 20% of US consumers have used cryptocurrency in some form. Another report by Ypulse found that 28% of the 13-39 age demographic have bought at least one crypto token. A sister report discovered that interest among that age group in non fungible tokens or NFTs peaked at 38%.

This increased attention to crypto isn't reflected in the industry's financial standing at the moment. Because of the global recession and implosion of some big players, the total capitalization of cryptocurrencies has shrinked from a peak of $3 trillion in November 2021 to just over $800 billion one year later.

Given the current gloomy climate, one might wonder why universities would want to have anything to do with crypto. Yet, research has clearly shown that tertiary colleges continue to utilize the technology in ways that benefit them. Let's look at 3 of these ways.

1. Tuition payments

Schools and colleges are getting more flexible in tuition payment options for local and international students. Some have included cryptocurrency in their list of accepted mediums of payment. Lucerne University of Applied Sciences in Switzerland has been accepting bitcoin for tuition payments since 2017. Bentley University, a private school in Massachusetts has partnered with cryptocurrency exchange Coinbase to accept tuition payments in bitcoin, ethereum and USD Coin.

Some universities restrict cryptocurrency payments for tuition to certain courses, perhaps as a test run for a schoolwide implementation. The Wharton School of the University of Pennsylvania stated that enrollees to its education online certificate program in Economics of Blockchain and Digital Assets can pay program fees with cryptocurrency.

These schools recognize that paying tuition with crypto is easier, faster and cheaper compared to traditional payment methods. And as school admissions become more diverse because of the upsurge in international applications, cryptocurrency is an inexpensive method to democratize payments. By letting non-local students pay using bitcoin, universities can receive payments on time and avoid the multi-day delays synonymous with cross-border payments.

Cryptocurrency is very volatile and universities must find solutions that safeguard the value of tuition received via digital currency. Each crypto-accepting institution deals with this differently. Some, like the University of Nicosia in Cyprus, immediately change the crypto into fiat.

As crypto adoption among schools keeps growing, one imagines consensus will gravitate towards a more stable cryptocurrency like USD Coin (USDC) as the cryptocurrency of choice for tuition payments.

2. Gifts and donations

More and more gifts and donations are being paid in digital currency, not just to universities, but to donation-eligible organizations at large. Fidelity Charitable, the largest grant-maker in the US, received $331m in cryptocurrency donations.

Cryptocurrency gifts to universities have continued to grow since Blockchain.com founder Nicholas Cary made a donation of 14.5 bitcoin to the University of Puget Sound, his alma mater, in 2014. In 2018, the developers of the cryptocurrency EOS donated $3m worth of the coin to Virginia Tech, to aid in blockchain teaching and research.

Ripple co-founder Larsen and his wife Lyna Lam went even further in 2019. They donated $25m in XRD, Ripple's native token, to San Francisco State University. Also in 2019, Nikolai Mushegian donated $4.2m in Maker (MKR) tokens to Carnegie Mellon University. Vitalik Buterin, perhaps the most significant figure in decentralized finance and the co-founder of the Ethereum blockchain, gave away $9.4m in cryptocurrency donations in November 2022. The money, donated to the University of Maryland, will help to fund research in public health.

Not every donation to colleges and universities come with a name tag. Some donors choose to remain unidentified. For example, in 2021 the Wharton School of the University of Pennsylvania received an anonymous donation in bitcoin worth $5m.

Cryptocurrency opens up an additional avenue for universities to receive gifts. It also makes it easy for donors to donate their digital assets without having to first convert it to digital cash. Plus, reticent members of the public can easily and directly support their favorite educational institutions while maintaining their privacy. Hence, some schools have published instructions on their websites for those who wish to donate with digital tokens.

3. Non-Fungible Tokens

Non-fungible tokens, or NFTs, are a class of blockchain tokens that stand for real-world artifacts. They are unique identifiers that cannot be replicated, divided or copied. Universities are leveraging this newfangled phenomenon to foster closer ties with alumni or generate funds for research.

The University of California, Berkeley created headlines in June 2022 when it auctioned an NFT for $50,000, with the proceeds going to immunology research. The NFT was inspired by the research of James Allison, a respected immunologist and winner of the 2018 Nobel Prize in physiology or medicine. The school continues to explore other avenues for NFTs.

Institutions that wish to leverage NFTs have no shortage of inspirations to use or history to mine. In August 2022, the University of Miami minted an NFT of the school's football team's 1989 championship win for $10,000. The school has a website where it lists NFTs commemorating the institution's various sporting successes.

Some universities have gone the extra mile to make NFTs more attractive by doing a tie-in with real-world perks like VIP seating at events. Others like Harvard University made it a badge of academic accomplishment. The school announced in May 2022 that each graduate of Harvard College will get a commemorative NFT. Duke University, meanwhile, offers NFT certificates to students who complete a blockchain technology course.

Conclusion

The blockchain revolution is alive and well despite the recent downturn and universities are taking advantage wherever they can. In accepting tuition and donations and making creative use of non-fungible tokens, universities are showing the rest of the world the real-world possibilities of crypto adoption.

#Analytics
article
Want to Buy Crypto in 2023? Consider these 5 Questions First

Not even the current gloom in the cryptocurrency industry can dampen popular appetite for investments. Hope lives forever, as they say, and after the winter comes the summer. Many people are already buying up their favorite crypto at the current low prices in anticipation of a forthcoming boom.

Before you join the throng and throw in your hard-earned money, you should ask yourself a few questions. Nobody knows for sure when the bulls will come roaring back so it's best to be thoughtful and analytical about what crypto you invest in and how you do so.

How We Got Here

Recall that in 2020 and for much of 2021, prices of popular cryptocurrencies soared beyond even the most optimistic forecasts. Thousands of early investors became millionaires as Bitcoin increased 800% to an all-time high of $68,000 in November 2021. Popular altcoins like Ether (ETH), PolkaDot (DOT) and BNB followed suit and everyone was loving it.

If you've paid attention in the crypto space then you should be familiar with what followed next. A cascade of calamities gradually eroded market prospects and investors' confidence. Major events like the global economic downturn and the war in Ukraine led investors to pull out from more volatile investments.

That wasn't all. The crypto world was rocked by several high-profile scandals. Two of them—the collapse of the Terra (LUNA) network, and demise of cryptocurrency exchange FTX—have cost investors billions in losses.

However, it is not all doom and gloom. Industry veterans have noted that things like this have happened before. And each time, the crypto industry bounced back and grew even more. Now, all eyes are on 2023 for a strong rebound.

5 Questions to Consider Before Buying Crypto in 2023

Many analysts and big investors have marked 2023 as the year to test the crypto waters again. You should ask yourself these questions before you join them.

1- Can You Afford to Lose Your Investment?

Thousands of investors put all their money in Terra and Celsius before the former crashed and the latter declared bankruptcy. Thousands more have their life savings trapped in FTX.

Bad idea, Amigos.

Before you jump into crypto, be sure that you won't be financially crippled if things go south. Investment brokers advise to have an emergency fund which is separate from your investment portfolio. In other words, keep enough money in a savings or fixed deposit account first before you make a major investment move.

The world of investing is unpredictable; crypto even more so. Prices can fluctuate up or down against your expectations. A rainy day fund will cushion you against unexpected losses and real-life changes as well.

Imagine having to sell your crypto at 70% loss because you urgently need money. This will rob you of the benefits of the anticipated recovery. If you have emergency funds, you can use those in the meantime instead of selling your assets or taking a loan.

2- Are You Looking For Short-Term or Long-Term Gains?

The answer to this question will largely determine your approach towards dramatic dips and Black Swan events. If you're in crypto for quick profits, you will be more inclined to cash in at the first large green candle. In the same vein, you will be more likely to cut your losses at the first sign of trouble. This approach can work with newer altcoins which often enjoy a honeymoon period.

A more long-term perspective will insulate you from making emotional judgements based on momentary market changes. If you believe in crypto and the potentials of blockchain technology, you can handpick individual projects that you believe will perform well in the coming years.

Alternatively, you can stick with the major players like BTC and ETH because of their staying power and room for future growth. Either way, you should conduct in-depth research before you buy your preferred coins and be comfortable with their future yield potential.

3- How Diverse Will Your Portfolio Be?

There is no doubt that the rise of cryptocurrencies has opened a new investment avenue but it is also fraught with danger. Unlike stocks and treasury bonds, crypto is a relatively unregulated market with lots of bad actors, poorly-managed exchanges, and greater risk of failure.

For this reason, experts recommend making your crypto investments a reasonable part of a diversified portfolio. Rather than going all in, make crypto, at most, 10% of your overall investments. Put the rest of the money in stocks, bonds, real estate, gold, and other less volatile commodities. This way,a prolonged bear market won't make a big dent in your finances.

"Don't put all your eggs in one basket," comes to mind here. Plus, fortune doesn't always favor the brave, no matter what Matt Damon tells you.

4- Do You Have a Plan and Are You Committed to It?

A large segment of crypto investors hold coins because of reasons that have little to do with prudent investing. Many invest due to peer pressure, because others are doing the same thing. When Bitcoin and the larger industry went bananas in early 2021, plenty of people bought crypto because of FOMO—fear of missing out. They wanted in on the riches without any idea what they're actually doing. And while some of them got what they wished for, others ended up with bags of devalued crypto as smart investors sold their holdings.

To counter panic selling or buying, you need to have a plan and stick to it. Be clear about your aims in crypto and disciplined when carrying out your plan. Don't let momentary fluctuations sway you from the beaten track. How much are you investing, which coins will you put the money in, and when will you sell off your holdings?

Setting short, medium and long-term investment targets is also crucial. You can plan ahead to sell or buy a certain amount of a coin when it reaches a specific price point. With concrete plans like this, you will make better decisions.

5- Do You Understand the Risks of Buying Crypto?

Crypto is like the wild west. The potential rewards are great, but so are the risks. You shouldn't go into any venture without being fully informed about what you stand to gain—or lose. Keep it in mind that, in crypto, you can lose everything.

Whether to buy crypto in 2023 or not should depend a lot on your risk tolerance level. If a 5% drop will set your heartbeat racing, you might be better off investing in less volatile instruments.

Here are some of the crypto risks you show be aware of:

  • Crypto prices can rise or fall seemingly without rhyme or reason. Some coins that fall dramatically may never rise again.
  • There's lots of scams in crypto. A coin you own can turn out to be a rugpull—a scam token. A good project can also fail if its backers withdraw or the community loses confidence.
  • Crypto platforms are not 100% safe. For example, see FTX and Celsius. A crypto exchange can fail for any number of reasons including mismanagement, hacks, bank run or if it loses its operating license.

There are ways to guard against losses. For example, you can use a regulated crypto exchange with a legal license instead of storing your coins on a shady platform. Studying projects before you invest in them will also help you spot and avoid potential rugs.

Looking Ahead

After recent setbacks, crypto faces an uncertain future but there are signs that a recovery isn't far off. Governments across the world are now paying more attention and making moves to plug regulatory gaps. This should make the sector more safe for investors who operate on cryptocurrency exchanges.

If you're expecting quick returns, crypto might not be for you right now. Experts project a slow recovery after the bleak 2022 so a 2021-style run is probably out of the question.

Even so, with some savvy research and quick planning, you can spot coins with the potential to yield big gains when the bulls return.