Adjust only for crypto

Answered at Oct 26, 2024

Understanding Crypto Adjustments

Cryptocurrency is a dynamic and rapidly evolving field. Adjusting for crypto involves understanding how to manage and optimize your digital assets effectively. This report will guide you through key features and tools available in the Crypto.com app that can help you adjust your crypto holdings efficiently.

Daily Balance Movement

The Daily Balance Movement feature in the Crypto.com app is crucial for tracking your portfolio's performance. It shows the gains or losses for the day in your chosen currency. A green indicator means your balance has increased, while an orange one indicates a decrease. This visual cue helps you quickly assess your portfolio's daily performance (source).

Example:

Imagine you have a portfolio primarily in Bitcoin. If Bitcoin's value rises, the Daily Balance Movement will show a green indicator, reflecting the gain in your portfolio.

Portfolio Allocation

The Portfolio Allocation button provides a comprehensive view of how your assets are distributed. It displays your total portfolio value and how it's divided among different cryptocurrencies and Crypto.com products like Crypto Wallet, Exchange, and Crypto Earn. This feature is essential for understanding your investment diversification (source).

Key Points:

  • Pie Chart Visualization: See the percentage of each cryptocurrency in your portfolio.
  • Product Allocation: Understand how much of your portfolio is in different Crypto.com services.

Convert Crypto Dust

Crypto Dust refers to small cryptocurrency balances that are below the minimum trade limits. The Crypto.com app allows you to convert these small amounts into CRO, the native token of Crypto.com. This feature is useful for consolidating your assets and reducing clutter in your wallet (source).

Benefits:

  • Efficiency: Convert small, unusable balances into a single, usable asset.
  • Simplicity: The app highlights when you have dust with an orange dot, making it easy to manage.

Security Features

Security is paramount in managing cryptocurrencies. The Crypto.com app offers several security features to protect your assets:

  • Biometric Authentication: Use Face ID or Touch ID for secure and convenient access.
  • 2-Factor Authentication (2FA): Adds an extra layer of security to your account.
  • Passcode and Anti-phishing Code: Protects against unauthorized access and phishing attacks (source).

Example:

Enabling 2FA means that even if someone knows your password, they cannot access your account without the second authentication factor.

Device and Operating System Requirements

To use the Crypto.com app, your device must meet specific requirements. It should not be jailbroken, and the operating system should be at least Android 8.0 or iOS 15. This ensures the app runs smoothly and securely (source).

Conclusion

Adjusting for crypto involves effectively managing your digital assets using the tools and features available in the Crypto.com app. By understanding daily balance movements, portfolio allocation, and utilizing features like converting crypto dust, you can optimize your cryptocurrency investments. Additionally, leveraging the app's security features ensures your assets remain protected. These strategies are essential for anyone looking to navigate the cryptocurrency landscape successfully.