MyCryptoBank is an online electric bank system to make a full range Bank operations. MyCryptoBank ICO review.

What Is MyCryptoBank?

MyCryptoBank — is an online bank allowing any client registered in the electronic bank system to make a full range of bank operations, additional operations with cryptocurrency (payment processing, debit cards, credits and cheap investment products, use of crypto assets as credit security and many others) based on Blockchain technology without visit of department. So, MyCryptoBank provides services of client’s remote access to accounts, products and bank services in order to make banking operations.

MyCryptoBank offers its clients a multi functional platform of banking service, which represents a hybrid system combining digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.


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MyCryptoBank is intended to solve this problem. It will become the first bank for cryptocommunity, allowing clients to receive and send funds in cryptocurrencies and fiat money and also exchange between cryptocurrencies and fiat money inside the bank. With MyCryptoBank it will be possible to create deposits, receive loans and credits. The bank will create an infrastructure which will allow setting acquiring and merchants for goods payment for companies and online services. Clients will be able to receive bank cards and with the help of it they will take available funds through any ATM in the world and also pay in shops, restaurants etc. For client convenience, the bank plans to install ATM and crypto ATM, assisting in making operations on cryptocurrency purchase and cash receipt with minimum fees. In the usual sense, it will be typical bank with the whole range of services but loyal to cryptocurrencies and cryptocommunity. It will give an undeniable advantage over other financial institutions, attract many clients and their funds for creation of bank’s positive liquidity and allow supporting and developing all products of MyCryptoBank.

Market Analysis

As already mentioned, financial technologies have already moved from hype phase and innovative and new stream status to main stream and absorbed the most part of the economically active population in developed countries. The most part of millenials hardly distinguish FinTech from simple term of finances. Banking, online purchases, trading and other financial operations have been closely associated with internet technologies use.

Curiously enough, FinTech found (p.7) its widest expansion both on user quantity and population share in developing markets: China (69% of population use FinTech-products), India (52%) and Brazil (40%). Calculating above mentioned figures, Ernst & Young analyzed all age and social categories of users. However, it’s obvious that percents will be significantly higher if you narrow the survey group to more young people and the economically active population.

Comparison of the top five markets with the highest FinTech category

МyCryptoBank Description

MyCryptoBank will represent a typical bank with the whole range of services but loyal to cryptocurrency and the crypto community.

In other words, MyCryptoBank — is an online bank allowing any client performing a full range of bank operations, added by operations with crypto currencies such as: payment processing, debit cards, credits and cheap investment products. It’s also possible to use crypto assets as credit security. All these services will be available for clients without any bank office visits.

So, MyCryptoBank provides services of client’s remote access to accounts, products and bank services and allows performing all bank operations. MyCryptoBank offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital including cryptographic and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.

MyCryptoBank will become a fully digital bank, accessible all over the world and at any moment. It will conduct all functions of a typical bank but without any bank departments and front-offices maximum relying on new digital technologies. This will allow MyCryptoBank to become one of the most inexpensive banks in the world with a very profitable level of cost-to-profit ratio.

Main Services

Main service, available for all clients of MyCryptoBank:

  • Online Banking
All MyCryptoBank services are always in your pocket and 24/7 available in both – your mobile app and laptop.
  • ATM infrastructure
To provide the possibility for customers to input and withdraw money, MyCryptoBank has started to build its own ATM network (more than 1000 crypto ATM are planned to be installed) and will also attract ATMs of third-party banks.
  • Forex Trading
MyCryptoBank clients will get direct access to the interbank Forex market, where they will be able to carry out transactions, bypassing intermediaries, by using high-tech methods of processing orders and putting them on the market. In addition to traditional instruments for trading (such as currencies, indices, futures, metals, oil), clients will be able to trade in cryptocurrencies.
  • Money Transfer
MyCryptoBank provides an opportunity to send money around the world with the speed of sending a mail. All cryptocurrency payments are with minimal fees, instant and can be conducted in any classical or cryptocurrency – requiring only an internet connection.
  • Virtual Cards
To conduct transactions in cryptocurrencies there will be virtual cards: Visa, Mastercard and UnionPay. Furthermore, there will be mobile services such as Apple Pay, Samsung Pay and Android Pay. It will let you pay via common POS-terminals supporting PayPass, payWave, QuickPass, websites and also allows to withdraw or input cash in ATMs.
  • Exchange
Since now any user can easily exchange funds using online banking. Change USD to BTC in the same ease as for fiat conversion.
  • Debit Cards
Debit Cryptocards give users full flexibility managing all cryptocurrencies and fiat money. As cryptocurrencies do not depend on country borders, debit cards are perfect for conducting payments while traveling. A debit card is also suitable for paying online or in stores.
  • Deposits
MyCryptoBank gives you the ability to deposit funds and receive interest not only in fiat but also in most known crypto currencies.
  • Loans and P2P Loans
MyCryptoBank customers have an opportunity to take loans in fiat money on deposit of their crypto currency. There is also the possibility to get a loan from other customers using a P2P loan system.
  • Crypto Acquiring
MyCryptoBank crypto acquiring services support all kind of settlements between parties and allows merchants to accept payments in both – fiat and crypto worldwide.
  • Consulting Services
MyCryptoBank provides a full range of consulting services including Legal and taxation matters as well as crypto consulting.

Problem & Soluation

  • Problems


High  fees
Due to excessive intermediaries, traditional banks impose high fees on cross-banking and international wire transfers.
Long-awaited transfers
Bank transfers are based on several centralized nodes that often leads to slow transactions processing.
Territorial Limitations
Traditional banks are fenced by country boundaries.
Currency  Barriers
Banks work only with classical currencies and do not allow to store and pay in crypto.
  • Solution


Low  Fees
Blockchain platform allows to get rid of intermediaries and minimize transfer fees.
Instant  Transfers
The decentralized platform can process more than 100,000 transactions per second and perform operations with a speed of 0.01 seconds.
No Territorial  Limits
Сryptocurrencies do not depend on county boundaries.
No Currency  Limitations

MyCryptoBank is friendly to all fiat and cryptocurrencies. It is possible to store, to pay in cryptocurrencies, to conduct transfers and to take loans.


Subject to loan default, frozen МСВ tokens of the borrower can be used for partial or full settlement of his debt.

Token: MCB
Platform: EOS
Type: EOS
Price: 1 MCB 0.2 s / d 0.48 USD
Tokens for sale: 517,000,000
Minimum investment: 50 USD
Accepting: ETH, BTC, EOS, LTC, USD, BCH
Distributed in ICO: 65%
Soft cap: 3,000,000 USD
Hard cap: 100,000,000 USD


  • 65%-Distributed among the ICO participants.
  • 10%-Kept for the project team.
  • 3%-Allocated for development of the Bounty campaign.
  • 7%-Distributed among partners and experts.
  • 15%-Reserve fund.


  • 30%-Development and Integration
    of Blockchain Platform
  • 20%-Marketing and Partner Network Development
  • 20%-Obtaining banking licensesand maintaining the bank liquidity
  • 10%-Development of crypto ATM network with fingerprint identification and face recognition function
  • 10%-Development of innovative products
  • 10%-Infrastructure development

Profit distribution
MyCryptoBank’s net profit will be distributed across dedicated funds that enables the major part of the profit to remain within the business ecosystem thus functioning as a funding source for further project development. Considering that we refuse from paying out any dividends for at least the first five years of project implementation, we can therefore keep our profit within MyCryptoBank thus fueling our financial system with extra money. This will allow us to stay ahead of competition and maximize ROI.
Profit distribution by fund, $:

MCB Advantage 

1. Each new connected service will be accessible in priority order for token owners with higher status;
2. The higher the status, the lower the transaction fee for exchange of crypto currencies and trading;
3. Issue and service of cards will be done in extended scope;
4. Platinum status holders will have special limited issued payment cards and payment rings;
5. Special credit conditions.

The driving factor for token price increase is the demand for bank services. Together with the increase of functionality and enlargement of the MyCryptoBank system, the number of service users will grow as well. Due to the restricted number of tokens, increase of user counts will result in an increase of the token price. To keep token liquidity and development of the ecosystem at the expense of new partnerships establishment, there is a stipulated development fund in the amount of 15% of the total tokens issued. This fund will be used for payments to partners
and clients, being active users of MyCryptoBank ecosystem and its banking products. Use of the fund tokens will promote development of MyCryptoBank crypto ATM chains worldwide, fund tokens will be paid as cashback to the status holders, making extensive use of banking services.

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Last word

Mycryptobank is a crypto bank for crypto community. The popularity of digital banking in the world does not slow down. Comfort, speed and safety — are not only additional advantages for users, they are standard requirements in modern relations “client-bank”.

Now, in the sphere of FinTech there are a lot of blockchain-startups, an idea of cryptobank is investigated many times by different teams, some of them have already performed their own ICOs. At the same time, its creation attempts always become unrealized up to the end, we may declare that now, no one crypto-business fully functions in the world.


Khadija Akter
Crypto and ICO analyst

Thanks for Reading My Article. i m a Crypto and ICO analyst of Viral News Today Team.

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