ACH

digitalmacgyver

Honestly you can market that, but it simpler to simply use wire transfer or ACH into a platform like Coinbase or Crypto.com. They pay you as normal, it is dumped into your account you invest. The challenge right now is depending on the industries you work they are not going to to buy crypto to pay you....to many finance issues and fees.

Ephemeral_dunce

I've used coinbase, Kracken, Binance, Strike, CashApp, Swan, and River. They all put you purchased btc in limbo until ACH settles.

jumpingjacket

"There is no fee charged by Coinbase for ACH." -Coinbase Help [https://help.coinbase.com/en/exchange/funding/withdrawing-with-ach](https://help.coinbase.com/en/exchange/funding/withdrawing-with-ach) Various banks may have their own ACH fees.

frozengrandmatetris

yes, and two of my burgerland bank accounts just implemented RTP as an alternative to ACH, and they are honoring RTP payments in the same timeframe as SEPA. and soon we'll have fednow. in order for it to be acceptable for bitcoin to perform worse than these tools, a small group of people have to convince everyone that bitcoin isn't meant for payments.

AvengerDr

>waiting a random amount of time for L1 to not be congested is worse than waiting 3-5 business days to send ACH. In Europe a SEPA transfer is either instantaneous or takes one business day at most. That's the standard it should be compared to.

TheFlamingoPower

The first thing you need to learn is the essence and how it all works. Advice, don't invest anywhere until you do your research. In addition to BTC, I would also focus on AI, Oracle projects (Link, Dia...), Bridges legal ACH... and read newspapers for example CoinTelegraph, CoinDesk, Twitter platform also, there is a lot of good information. And it's never too late, just start studying on time, don't be like me a few years ago when I first invested and then studied and failed. I told you the order nicely 😀

frozengrandmatetris

waiting a random amount of time for L1 to not be congested is worse than waiting 3-5 business days to send ACH. no, lightning doesn't help, because non-custodial lightning usage still requires creating L1 transactions. they have to come up with something other than lightning.

YourCaptionSucks

Very odd. I purchased $200 direct wire transfer but they won't let me send it? Not ACH so no waiting times.

YourCaptionSucks

River says it's 3-4 days with ACH

Alternative-Force163

Most of you are wrong. Platforms like strike release your coins when the ACH clears, yes. What most of you don't seem to understand is Swan holds your crypto for 10 days (for $1500 dollars and under purchases) even if your ACH payment settled on day 2. Platform is outdated and ridiculous. onto other major platform holds your crypto for days and days AFTER the ACH payment has settled. Name one?

EOD42024

That's normal with ACH deposits, pretty much anywhere in the US banking system. If that makes you feel uncomfortable, you're probably investing too much.

HerboClevelando

Such is the multi-day batch ACH processing cycle system between your bank, the intermediate clearinghouse, the receiving bank. First time transferring funds between banks?

OprahsScaleBroke

I love ACH (AlchemyPay). Legit project going to the moon next bullrun! 🚀 👩‍🚀 🌙 💰

coinfeeds-bot

tldr; Alchemy Pay, a leading fiat-crypto payment gateway, has partnered with Carbon Browser, a Web3.0 browser with over 7 million downloads. This partnership includes listing Alchemy Pay on Carbon's featured dApp page and integrating the $ACH token into Carbon's wallet and cross-chain swap platform, LDX.fi. This collaboration aims to expand Alchemy Pay's reach and visibility among Carbon's large user base, enhancing user engagement in a decentralized and private manner. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

77tezer

Banks do not use paper money to settle trades with each other. Instead, they use electronic systems to transfer funds and settle transactions. These systems are managed by central banks and other financial institutions, and they enable the secure and efficient movement of money across accounts held by different banks. This digital approach allows banks to handle large volumes of transactions quickly and accurately, without the need for physical cash. Some of the key systems involved include: Real-Time Gross Settlement (RTGS) systems: These are typically operated by central banks and allow large-value and high-priority transfers to be processed in real-time, on a transaction-by-transaction basis. Automated Clearing House (ACH) systems: These are used for bulk, lower-value transactions and process payments on a net settlement basis, usually with end-of-day reconciliation. SWIFT network: This global network enables financial institutions to send and receive information about financial transactions in a secure, standardized, and reliable environment. These methods not only streamline the process but also ensure that the financial system remains stable and trustworthy.

TheFlamingoPower

Well, I follow Elon, Saylor, Vitalik, CZ and from the projects that are good for me, from ACH, EGLD, SOL, DAFI, INJ... and I also follow the Mincu brothers, and I also would add CoinDesk and CoinTelegraph... that's it.

Flat-House5529

Fees may be higher, but the headline is highly misleading. If you do a deep dive into the data, you will see that it is simply raw data and in no way weighted to use, essentially comparing apples to oranges. It would be the same as if I said the daily cost of living in NYC is five times the world average daily wages. While factually correct (and I used the lower end cost of living numbers for NYC by the way), it doesn't really paint an accurate or relevant picture with regards to any serious applicable nature. Or saying a dinner date for two costs more than the world's average day's wages. Factually accurate, but probably not contextually accurate for the reader. It also leaves out any comparable data for transactions conducted via other means. Anyone who has paid their own bills for any significant length of time or engaged in the myriad of banking transactions out there outside of making a deposit or writing a check knows there are associated fees for things like paying with a credit card or doing an ACH or wire transfer. Case in point, most banks have a wire transfer fee of $35-$50 dollars (depending on international/domestic), or in other words up to twice what they term as the "price of freedom". Properly weighted data and proper context are both required to paint an accurate picture in any situation, and this article uses nothing but an attention getting headline to draw attention to itself, while at the same time omitting both. Indicating to me that the writer either does not understand the data sets, or is intentionally trying to get clicks with information that they know is misleading.

Rootlevelprivileges

I’m half in ACH and half in brand new coins. They seemed to have exploded and help during these dips.

krakensupport

Hey u/Andy_miami 👋! Great question! We provide free deposit options through [ACH and Wire transfer](https://support.kraken.com/hc/en-us/articles/360000381846-Cash-deposit-options-fees-minimums-and-processing-times-) , with trading fees beginning at just 0.20%. You can check out the [fee schedule here.](https://www.kraken.com/features/fee-schedule) Feel free to reach out if you have any questions—we're here to help! Many thanks, Harley from Kraken 🐙

CointestMod

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CelestialBach

Bitcoin wasn’t so easy to just purchase then either. You had to send an ACH transfer to an unknown website and hope they sent you bitcoin into your wallet.

brianddk

Legally.... Legally they have 60 days to settle ACH transactions. They can legally hold it up that log if you piss them off. I think they may even have 45 days beyond that for "dispute resolution". US banking laws are not written with the customer in mind. They are really written to protect the banks from customers ripping them off. That said... are you SURE Strike is a US company? If not, US law is pointless.

Rootlevelprivileges

ACH, DINO, JACKPOT (new stealth launched coin on base)

Cocopudilent

Seriously…. I’m looking to become more degenerate to get by here.. lol. Starting with the e-residency(hoping my ID comes in the next 2 weeks) and then gonna find a better “banking” solution to all these damn hurdles. Still a beginner here since the end of February. I came in with a flood of other buyers, which I think was from TikTok because 👋 that’s the only reason I found out about crypto. Soooo much false info, so Everything takes at Least a week to self filter through the bullsh*t, wait for ACH deposits to clear, and then when you think you’re on to something 💥uncle sam comes in and says hold up partner…. That’s not gonna happen here in ‘Merica Lol. When I first thought, oh I can use my CC’s to pay and I have a Ton of open balance on them…. First attempts were disappointing to say the least…. So the rich are able to put there “hard earned” cash to work, but when this middle class man tries to copy their moves, gotta learn an alternative route and back to the drawing board. Don’t get me wrong it’s Fun! And rewarding… I am a lifelong learner, been a teacher for years and having so many routes to dabble in, I Love it. I have learned a Lot and will keep learning how this system works. It is mostly frustrating to hit so many dead ends, but if it were easy everyone would be doing it right now. I see it getting easier for myself in the next year and then eventually I’ll be linked to my own set up. It has to get easier for the flood that’s coming in the next 5 years. We’re just the “test rats” with the balls to go in and dive into learning and fixing the bugs, etc. US will have no choice, but to loosen their grasp on cryptocurrency. Let’s hope I’m right! Haha.

heinzmoleman

BISQ does ACH only in the US. It prevents chargebacks.

streetfightermz

You move coins off an exchange because you are worried somebody will hack your account credentials. When you want to sell your coins, you move them back to the exchange and sell them on the exchange, then you can get the money via ACH transfer. You should consider buying the ETF as you don't seem very technical.

CointestMod

#Crypto.com(CRO) Con-Arguments Below is a Crypto.com(CRO) con-argument written by a deleted user. > Crypto dot com (aka **CDC**) is a multi-purpose crypto platform known for its extravagant marketing campaigns such as purchasing its namesake domain name and the naming rights for the former Staples Center. It also has an exchange that's still not available in the US (though finally open for waitlist). > > I was their customer for 1.5 years, but left a month ago. It's frustrating seeing how much they spend on marketing and influencers instead of improving their platform. > > ## CONs > > - **Better competitors**: CDC's has many competitors with more features, lower fees, or better and easier-to-navigate websites/apps. CDC's platform tries to do many things, but it does everything subpar. The only thing that makes it really stand out is their debit card, which offers higher APY benefits for CRO and its earning platform if you stake large amounts of CRO. Though given how they've been slashing rewards across the platform, we don't know how long they can maintain their popularity through those rates. I've always suspected that these are promo rates that are only being maintained through their higher fees being charged everywhere else on their platform. (May 1st edit - CDC completely slashed their rewards for their cards: https://crypto.com/product-news/crypto-com-visa-cards-update. Except for the 2 highest and most risky tiers of staking, there's no point to using this card anymore. They've destroyed the best part of their platform.) > - **Focuses on marketing, not product** - CDC relied on marketing strategies that were designed to attract as many customers to their platform. Many basic features have been neglected. ACH transfers (specifically pulls) from banks did not exist until recently. Nearly all of its CeFi competitors (Gemini, BlockFi, Celsius, Nexo) have a desktop app for their main platform. CDC's platform is mobile-only and has been for years. I suppose its Exchange has a desktop site, but that isn't available in the US, and most of CDC's features are not related to its exchange. Instead, they focused on buying up tons of advertising (Stapes Center, Matt Damon's "Fortune Favors the Brave" campaign, LeBron James campaign) when they could've improved their products. > - **No US exchange**: Every couple of months, CDC's owners state that the US platform is coming in 1-2 months. I've been waiting since the start of 2021. They dropped multiple hints of a summer 2021 release, later delayed to Q4 2021. Now it's finally been released, but there's a waitlist for institutional investors, and we don't know if it'll be ready before the end of the year for the rest of us. > - **Massive spread and fees**: Those fortunate (or unfortunate) enough to have access to the exchange end up paying massive spread and fees compared to its competitors. It'll depend on what you buy, but the fees/spread are often 5x larger than those of Binance. It's not uncommon for fees to end up costing 3-5% of the transaction. > - **Lack of app security** - There is no password protection or 2 factor authentication for login on the mobile app. When you sign in, it sends your email address a link to use, making email the single point of failure. It was only after the Jan 18th hack that 2-factor was forced on, and even then it is only used for withdrawals and for bank-related settings changes--not for login. They need to take security more seriously. > - **Poor handling of the Jan 18 hack** - 400 accounts were hacked [by bypassing 2FA on Jan 18, with $33M stolen](https://cryptobriefing.com/days-after-alleged-33m-hack-crypto-com-still-silent/). Even worse, CDC forcefully-disabled 2FA on all accounts without warning. Barely any customers received emails about CDC crippling their 2FA. People only found out through social media or logging into their apps. They do have ISO IEC 27701 certification, but that's for privacy, and it's a joke to market it as security certification. > - **Poor handling of MCO swap** - Before CRO, CDC used a different ICO token to fund their platform called MCO. They cannibalized MCO to fund CRO, forcing everyone to swap to CRO at a fixed rate without adequate warning. > - **Too many large US banks block CDC**: My banks and credit cards work perfectly fine with Coinbase, Gemini, BlockFi, Binance US, Kraken, and FTX US. The only one they block is CDC. I don't know why so many large banks block it, but I suspect it was due to too many reports of shady activity or upset customers. The only way around this for many banks is to perform an ACH push from the bank side. Using CDC was the first time in 20 years I had to do an ACH push. > - **High withdrawal minimums** - Many of CDC's popular coins require a [minimum withdrawal of $25-50](https://crypto.com/exchange/document/fees-limits), and they still charge you a large withdrawal fee. Most ERC20 withdrawals are $25, and the BTC withdrawal is currently $20. Minimum withdrawal for fiat is $100. You're going to see high withdrawals unless you use their congested Cronos network or BEP20. > - **Cronos network often congested** - Since launch, their Cronos network has often been congested. It can take anywhere from a couple minutes to a full day to transfer any token. That's exceptionally bad for a mostly-centralized network that's modeled similarly to Binance Smart Chain. There was massive congestion in early April 2022 due to some coin launches. If they're getting congestion this early on, they're not going to be able to handle anywhere near BSC-levels of network activity. > - **Larger rewards require staking and locking CRO for 180 days** - Too many rewards require staking CRO for 180 days, during which it is completely locked. Many users bought CRO above $0.90 and couldn't sell when it halved in value. This is a huge risk. > - **Loot boxes** - CDC has gamified their platform and introduced loot/gacha boxes that provide trivial rewards for completing small tasks or making purchases. The rewards are embarrassingly small (nickle to dime values), and they're eclipsed by the higher fees paid to reach those rewards. You're better off using a cheaper platform for trades. > - **Cultish social media community** - Fortunately, this is no longer a big issue now that CRO has fallen 60% from its all-time high price. CRO investors who joined late 2021 have now had time to experience the massive flaws of CDC's platform and woken up from their drunken stupor. But rewinding to around the time CDC bought the naming rights to the former Staples Arena, CRO went viral and shot up 5x. For the next 6 months, their community went from slightly cultish to absolutely and unbearably irrational (similar to the Loopring and SafeMoon communities). There are still many CRO shills and way too many pictures of people's debit cards, but the community is much more balanced now. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

CointestMod

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

omg_its_dan

If you’re buying a larger amount, use a wire transfer and coinbase or Gemini should allow you to withdraw it same day. The main thing to avoid is ACH because there will always been a week long clearance time.

Brettanomyces78

Most every exchange is that way, if you deposit using ACH. But that's because ACH.

Monalisa85smile

I also own LINK and SOL. Quant is a pretty good project, too. Worth looking into. You need a lotto play or a speculative play. Mine is AMP. ACH or alchemy pay is good too. Not financial advice ofc :)

omg_its_dan

Maybe you need to do more identity verification on coinbase. My limit is $25k a week for ACH and even higher for wire transfers (I think $100k).

OprahsScaleBroke

ACH going to be huge, small market cap right now. Easy 10x from here, this company actually does something in the crypto space. 🚀 👩‍🚀 🌙 💰

Humans_r_evil

um, if quantum makes bitcoin useless, then it also makes all banks useless. ACH will be dead as well.

coinfeeds-bot

tldr; Alchemy Pay's March 2024 update highlights significant advancements and partnerships. The integration of Alchemy Pay's token, $ACH, into Binance Pay as a payment method expands its usability across various spending scenarios. Alchemy Pay also announced the acquisition of a Money Transmitter License in New Hampshire, adding to its existing licenses in the USA. The update covers the introduction of new payment methods in Europe and South America, partnerships for seamless Ramp integration with Polyhedra Network and ZetaChain, and the launch of a Card-as-a-Service for AI Analysis. Additionally, Alchemy Pay has formed a partnership with ZKFair for the purchase of its native token $ZKF using local fiat currencies. The update also mentions collaborations with Astar Network and the integration of the $ACE token into Alchemy Pay's Fiat On-Ramp, enhancing the Web3 gaming experience and facilitating easier crypto purchases with fiat. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Grunblau

Exactly… if I was cashing out, I’d sell to XLM and send to an exchange with ACH.

FolsgaardSE

Flip side an ACH transaction is pretty simple and verfied. You mistype the address your sending

CointestMod

#Crypto.com(CRO) Con-Arguments Below is a Crypto.com(CRO) con-argument written by a deleted user. > Crypto dot com (aka **CDC**) is a multi-purpose crypto platform known for its extravagant marketing campaigns such as purchasing its namesake domain name and the naming rights for the former Staples Center. It also has an exchange that's still not available in the US (though finally open for waitlist). > > I was their customer for 1.5 years, but left a month ago. It's frustrating seeing how much they spend on marketing and influencers instead of improving their platform. > > ## CONs > > - **Better competitors**: CDC's has many competitors with more features, lower fees, or better and easier-to-navigate websites/apps. CDC's platform tries to do many things, but it does everything subpar. The only thing that makes it really stand out is their debit card, which offers higher APY benefits for CRO and its earning platform if you stake large amounts of CRO. Though given how they've been slashing rewards across the platform, we don't know how long they can maintain their popularity through those rates. I've always suspected that these are promo rates that are only being maintained through their higher fees being charged everywhere else on their platform. (May 1st edit - CDC completely slashed their rewards for their cards: https://crypto.com/product-news/crypto-com-visa-cards-update. Except for the 2 highest and most risky tiers of staking, there's no point to using this card anymore. They've destroyed the best part of their platform.) > - **Focuses on marketing, not product** - CDC relied on marketing strategies that were designed to attract as many customers to their platform. Many basic features have been neglected. ACH transfers (specifically pulls) from banks did not exist until recently. Nearly all of its CeFi competitors (Gemini, BlockFi, Celsius, Nexo) have a desktop app for their main platform. CDC's platform is mobile-only and has been for years. I suppose its Exchange has a desktop site, but that isn't available in the US, and most of CDC's features are not related to its exchange. Instead, they focused on buying up tons of advertising (Stapes Center, Matt Damon's "Fortune Favors the Brave" campaign, LeBron James campaign) when they could've improved their products. > - **No US exchange**: Every couple of months, CDC's owners state that the US platform is coming in 1-2 months. I've been waiting since the start of 2021. They dropped multiple hints of a summer 2021 release, later delayed to Q4 2021. Now it's finally been released, but there's a waitlist for institutional investors, and we don't know if it'll be ready before the end of the year for the rest of us. > - **Massive spread and fees**: Those fortunate (or unfortunate) enough to have access to the exchange end up paying massive spread and fees compared to its competitors. It'll depend on what you buy, but the fees/spread are often 5x larger than those of Binance. It's not uncommon for fees to end up costing 3-5% of the transaction. > - **Lack of app security** - There is no password protection or 2 factor authentication for login on the mobile app. When you sign in, it sends your email address a link to use, making email the single point of failure. It was only after the Jan 18th hack that 2-factor was forced on, and even then it is only used for withdrawals and for bank-related settings changes--not for login. They need to take security more seriously. > - **Poor handling of the Jan 18 hack** - 400 accounts were hacked [by bypassing 2FA on Jan 18, with $33M stolen](https://cryptobriefing.com/days-after-alleged-33m-hack-crypto-com-still-silent/). Even worse, CDC forcefully-disabled 2FA on all accounts without warning. Barely any customers received emails about CDC crippling their 2FA. People only found out through social media or logging into their apps. They do have ISO IEC 27701 certification, but that's for privacy, and it's a joke to market it as security certification. > - **Poor handling of MCO swap** - Before CRO, CDC used a different ICO token to fund their platform called MCO. They cannibalized MCO to fund CRO, forcing everyone to swap to CRO at a fixed rate without adequate warning. > - **Too many large US banks block CDC**: My banks and credit cards work perfectly fine with Coinbase, Gemini, BlockFi, Binance US, Kraken, and FTX US. The only one they block is CDC. I don't know why so many large banks block it, but I suspect it was due to too many reports of shady activity or upset customers. The only way around this for many banks is to perform an ACH push from the bank side. Using CDC was the first time in 20 years I had to do an ACH push. > - **High withdrawal minimums** - Many of CDC's popular coins require a [minimum withdrawal of $25-50](https://crypto.com/exchange/document/fees-limits), and they still charge you a large withdrawal fee. Most ERC20 withdrawals are $25, and the BTC withdrawal is currently $20. Minimum withdrawal for fiat is $100. You're going to see high withdrawals unless you use their congested Cronos network or BEP20. > - **Cronos network often congested** - Since launch, their Cronos network has often been congested. It can take anywhere from a couple minutes to a full day to transfer any token. That's exceptionally bad for a mostly-centralized network that's modeled similarly to Binance Smart Chain. There was massive congestion in early April 2022 due to some coin launches. If they're getting congestion this early on, they're not going to be able to handle anywhere near BSC-levels of network activity. > - **Larger rewards require staking and locking CRO for 180 days** - Too many rewards require staking CRO for 180 days, during which it is completely locked. Many users bought CRO above $0.90 and couldn't sell when it halved in value. This is a huge risk. > - **Loot boxes** - CDC has gamified their platform and introduced loot/gacha boxes that provide trivial rewards for completing small tasks or making purchases. The rewards are embarrassingly small (nickle to dime values), and they're eclipsed by the higher fees paid to reach those rewards. You're better off using a cheaper platform for trades. > - **Cultish social media community** - Fortunately, this is no longer a big issue now that CRO has fallen 60% from its all-time high price. CRO investors who joined late 2021 have now had time to experience the massive flaws of CDC's platform and woken up from their drunken stupor. But rewinding to around the time CDC bought the naming rights to the former Staples Arena, CRO went viral and shot up 5x. For the next 6 months, their community went from slightly cultish to absolutely and unbearably irrational (similar to the Loopring and SafeMoon communities). There are still many CRO shills and way too many pictures of people's debit cards, but the community is much more balanced now. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

doingbobthings

It's not just Swan, both Coinbase and Kraken also have waiting periods for ACH. The way to avoid that is a wire transfer.

VariatCA

Had an issue a few days ago with a replacement bank card, where it was limiting my ability to do an ACH transfer to my exchange due to a temporary hold on them. I think this perfectly explains why this 10% dip began when it did... I couldn't send any cash to buy it! Additionally, I'm sure BTC will go right back up into the 70's as soon as I'm able to send cash again.

Ephemeral_dunce

Every place I try to buy bitcoin with ACH does this. Swan is not unusual and their hold times seem shorter than most I've used.

StatisticalMan

It isn't a Swan only things. ACH fraud is trivial to pull off. Make a deposit, remove Bitcoins, call bank and report the ACH as fraudulent and they reverse the charge. Every exchange everywhere will put a hold on withdrawing crypto paid for with ACH. Every one. If you want immediate access you need to use an exchange that accepts bank wires and do a bank wire originating from your bank. Funds will clear usually within an hour and you will have crypto the same day. Note your bank may charge a fee in the $5 to $30 range to make a bank wire transfer so it likely doesn't make sense for small purchases.

na3than

It's not a *fiat* problem, it's an ACH problem. ACH doesn't have to allow reversals; they *choose* to.

vnprc

ACH transfers cannot be trusted. They can be reversed for up to a year after the transfer occurs. Most reversals happen within 10 days. So Swan makes you wait 10 days to prevent scammers. I know it sucks but this is actually a fiat problem, not a bitcoin problem. There's no waiting period after you send a wire transfer.

Own_Sky9933

Strike and River the ACH has to fully clear before you can withdrawal.

nited_By_Fear_O_Duck

Thanks for the insightful response. :) I was thinking as solving for time. I.e. If there's a small manufacturer (Company A) who is running lean in, say Taiwan. Company A relys on a a foreign business (Company B) to pay them in native currency, so they continue to pay for supplies / payroll / bills etc. Company B would usually have a bank account in Taiwan to pay in native Fiat. As the Fiat system takes exceptional time (~5-10 business days) when processing cross boarder transactions, a crypto asset could function as a go between for a faster transaction. You make a great point that crypto being volatile it makes it wildly annoying to hold on the books. So my thoughts would be something like USDC or similar stablecoin would be a faster transaction time that would be easier to account for. Follow up question: What could be the best "crypto rail" for a traditional payments processor, gateway or facilitator to add to its normal crossboarder Fiat processing rails? (I.e. FedNow / visa / master card / ACH / SWIFT, etc...)

Smell_Potential

Just a thought.... How many in the US use dollars? Now how many of those actually own a T-bill? T-bills are denominated in Dollars and back the entire system (layer 1), your ACH bank account I believe is a layer 3. How many bank accounts are there and how many people in the US have access to an ACH routing and account number? My point being as Bitcoin grows to numbers beyond current reason people will end up utilizing deeper layers of the system and may never really be layer 1 wallet holders

analogOnly

But if you look at Hal Finney's commentary, he looked at bitcoin being an asset held by banks where an asset, backed by bitcoin could be used in place of the dollar. That would create the circular economy you're talking about. Why Hal Finney said this is because bitcoin would keep banks honest and provide a system which was faster than ACH.

StableTear

I respectfully disagree. People value goods and services in a common currency. When the goods and services are exchanged for cash in the same country, no problem. Once it becomes cross country you need the currency of the country you are buying the goods in. Once you start using digital value transfer (ACH, Credit cards, Wire transfers etc.) you need to now go through one or more private entities that you must trust to transfer the value to the other party. Once a threshold number of people start to more commonly using Bitcoin to transfer value, they will value goods and services in sats. Before that happens though, all the speculation and seeing value only in fiat has to have died off. Who knows when that will happen.

Sophiedoodles91

Massive future ahead! So glad to be a long term holder of ACH and will be holding for many years yet.

Lobster_Messiah

That’s for the information. Does Kucoin allow Bank ACH transfers? Or do I need to remember to keep adding fiat to the Kucoin wallet?

jmlawrance91

We are all just speculating at the moment. I also hold different coins, and ACH is one of the few that I feel is my safest bet. Only time will tell.

circleuranus

I have a ton of tokens and coins with a massive amount of potential. I hold ACH too. THe thing is, there are very few actually delivering anything outside of AMMs, Liquidity mining...etc. Ethereum so far remains the top dog of actual utility that can reach outside the confines of the Crypto space. The first project able to instantiate real world network effects will win.

Responsible-Tax-7364

According to their website, ACH is integrated with L2 protocol. Future might be bright for this project when L2 explodes and employs ACH more widely.

goingonago

I went all into LTC until last week when I got some ACH.

JusHerForTheComments

You can buy ACH from Coinbase.

-Marco

ACH, hidden gem

Seromontis056

ACH and JASMY seem like good long term plays.

TheSublimeNeuroG

ACH pumped/is pumping, I just rolled some gains into LRC

SoundsOfMadness

ACH woke up and chose violence 📈

jcb193

As soon as they can figure out the most basic step of any exchange (being able to ACH funds), then I’ll be excited about crypto.com. As it stands, getting money into the exchange from your bank account (at least in US), is harder than finding someone who prefers Greedo shooting first.

BigPlayCrypto

ACH is trying to replace Swift………..$$$$$$$$ Sorta 🤖👽

PaulMcBethAcolyte

ACH potential upcoming partnership with LRC.

valpo033

ACH is my only green. It’s pumpin!

MSX362

I'm holding on to LRC, ACH, GALA, SAND, ENJ, MATIC and SHIB (seems it is moving away from being a memecoin).

_Virus_

LRC, Matic and Algo will be great long-term, if eth decides to go below 3.7k I will re-up. Watching ACH closely as I hope it will be the fiat bridge for Loopring (two Fiat bridges are currently what it is waiting on to launch)

Jalmarkalmar

ACH volume is only 80mil its gonna blow soon👍👍🚀

AMDeez_nutz

ACH finally getting some attention, one of my many shilled coins

AdLimp1285

CRO, AMP, AND ACH. Maybe some XYO or LRC too if I decide not to eat this week.

pillarofclouds

So this morning after getting over seeing my portfolio down 39% percent I didn’t really see that ACH has had it’s time e yet so I picked myself up $1,000 worth. I was thinking it is just going to start its turn to run. Looks like I was right but honestly I don’t even do side it having it’s run yet..I’m thinking .13-.15 for it’s too out for this next run. Eitherway it’s next in line.. I’m curious where it will go

The_SilentSoul

ACH making moves. For those who suffer from FOMO, buy it now

KFded

> Amp are on their own pay rails while ACH uses legacy rails and requires merchant to hold ACH upfront. Interesting, so AMP is more likely to outgrow it then?? That market cap tho for Amp.. yeesh (though I hold a bag)

Ateam043

Amp are on their own pay rails while ACH uses legacy rails and requires merchant to hold ACH upfront.

Powerful_Bug9102

I’ll look into ACH

sfw_cory

On point, the wire transfer & ACH are just difficult at current state. Need to be able to transfer directly from bank to wallet via the app. For now I have deposited using debit card to avoid the long waiting periods and possible loss of funds.

Cytobirdie

I bought Alchemy Pay (ACH). Interesting catalyst with Visa/MasterCard coming early 2022. Partnerships increasing weekly. Solid! Their platform bridging fiat/crypto payments will eventually help lift most coins. The easier crypto is to spend/exchange in the mainstream economy, the quicker you will see mass adoption, lifting all coins with solid use cases. Read somewhere, the other day, mass adoption is currently around 5%………… Need to get the other 95% of the world on board.

smokinpanda84

ACH making some gains. Great things coming 24hr: 9.18% 7 day: 8.07% 30day: 51%

BushyOreo

Only thing I don't like about crypto.com is they force you to set up ACH bank transfers with your bank instead of them doing it like most apps do now a days. It's a hassle to do presumably so you'll just use a card and get charged 3% fee

jamesarmour

I'm in let's invest in ACH?

Diamondangel82

ACH... Soon

N0L00KINGBACK

There are ways to get money into the card in minutes. In the US you use a Coinbase account to do ACH, do a little swappy magic with CB pro and then send to Crypto.com

Own-Salad1974

It's on the top 100 in coinbase. ACH - Alchemy Pay

Electrical_Potato_21

Alchemy Pay (ACH)

Silver-Concern1421

Thoughts on ACH? Seems like a potential winner.

GriffTrip

Yup got in on LRC at .55 Watched it 2 days later touch $4. Hoping AMP, ACH & ZIL will follow suit

cornplug8bal

I'm buying the dip on saitama DOT MANA ACH ADA OMG SOL ALGO

IFistDikDiks

I use CB pro. I generally can buy and transfer within a couple of minutes. I also use ACH. But i generally send everything to my dWallet. Especially my hodl coins. Exodus has been wonderful. I highly recommend. Only problem is no support for LRC. But I'm trying to convince them.

Surge-SoCal

XTZ,LRC,Sol, LTC, BTC, CRO, ACH, AVX, ALGO. This was my Black Friday purchase

Seromontis056

Got a boatload of ACH and KEEP.

BitchyUnicornRainbow

I bought AMP and ACH both. Not more than like 40 in each cause I still have a small crypto budget till I pay off my credit cards (has a couple recent emergency expenses that had to go on the cards, I usually always pay them off each month) but that was enough to get some nice bags even so, given how low they were when I bought early this morning.

UnstableCortex

I think if you wire the money into coinbase instead of ACH, you can transfer crypto out immediately..

aplJackson

Yeah, I wasn't able to fund via debit/credit. But chase verified my ACH transfers today. It would be nice if they could have the same process as Coinbase where they let you initiate the ACH transfer from the exchange and trade with it immediately.

guryfitze

You can link you bank account to Coinbase pro without using Plaid. It’s a bit hidden. Goto “Add Payment Method” Select “Bank Account” The next page says “Coinbase uses Plaid to link your account”, but press “Continue” anyways. The “select your bank” page has a search box. Enter something random like “zzz” It will say “No matches found” and show a button to “link manually” Enter your bank number to link using 2 small ACH deposits, and confirm the values after they post. This way you don’t use Plaid, and don’t have to give your username and password. Cheers

HumanFromTexas

Bought more LRC and ACH

SmoothGoing

Ask them for another way like wire transfer or ACH verification deposits.

Responsible-Tax-7364

For a moment Alchemy Pay ACH had a very strange pump (+10%) but finally it dumped.

FrozenPhilosopher

AMP could easily be added as a currency to be paid through requests. ACH is also possible given that Request formally launched fiat2crypto for Eurozone payments yesterday

The_SilentSoul

That's possible. Sorry if I'm wrong, but I thought AMP and ACH are the most popular cryptocurrencies for payment..

Ateam043

I like to shit on banks myself, but I can answer this one: I can't speak for banks and this is just my opinion here, but the 4 small purchases go thru what is called merchant services (think card transactions) those generally always take 3 to 4 days depending on the method you use at the time of transaction. If you used pin, it would go pretty much immediately. For the big one, likely an ACH that you set up in advance. Or an ACH in which the merchant has same day files.

SurprisedByItAll

TIL: Today I learned crypto com sets up a bank checking account for you (that's paired with your fiat wallet). When you set up "ACH Push" you start with your bank online and set up a "Transfer" to your new crypto com Metropolitan Bank checking account. Your bank will send two small test transfers. When you see your banks test transfers arrive in your crypto com fiat wallet you go back to your original bank online and validate the transfer works. I hope this helps other noobs, like me, cuz it's confusing tbh. This is the way.