how to buy crypto with fiat wallet on crypto.com

Key Points:

• Step 1: Create a Crypto.com Account
• Step 2: Verify Your Identity
• Step 3: Find the Fiat Wallet
• Step 4: Deposit Funds into Fiat Wallet
• Step 5: Buy Crypto with Fiat Currency

How to Buy Crypto with Fiat Wallet on Crypto.com

Step 1: Create a Crypto.com Account

• Visit the Crypto.com website or download the Crypto.com app.
• Click on "Sign Up" and provide your email address, username, and password.
• Confirm your registration via email or SMS.

Step 2: Verify Your Identity

• To buy crypto with fiat currency, you must verify your identity.
• Click on "Settings" and then "Identity Verification."
• Follow the on-screen instructions to upload a government-issued ID and a selfie.

Step 3: Find the Fiat Wallet

• Once your identity is verified, navigate to the "Wallet" section.
• Click on the "Fiat Wallets" tab.
• Select the fiat currency you want to use to purchase crypto.

Step 4: Deposit Funds into Fiat Wallet

• Click on "Deposit" in the fiat wallet you selected.
• Choose your preferred deposit method (e.g., bank transfer, credit card).
• Follow the on-screen instructions to complete the deposit.

Step 5: Buy Crypto with Fiat Currency

• Navigate to the "Crypto" section.
• Select the cryptocurrency you want to purchase.
• Click on "Buy" and enter the amount of fiat currency you want to spend.
• Confirm the transaction and your crypto will be added to your Crypto.com balance.

FAQs:

Q: What is a fiat wallet?A: A fiat wallet is a digital wallet designed to hold fiat currencies, such as USD and EUR.

Q: What cryptocurrencies can I buy on Crypto.com?A: Crypto.com supports hundreds of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin.

Q: What are the fees associated with buying crypto on Crypto.com?A: Crypto.com charges a trading fee of 0.4% for market orders and 0.16% for maker orders.

Q: Is it safe to buy crypto on Crypto.com?A: Yes, Crypto.com is a reputable and regulated cryptocurrency exchange with strong security measures in place.

Q: What is the minimum amount I can deposit into my fiat wallet?A: The minimum deposit amount depends on the fiat currency and deposit method you choose.