how to purchase crypto on crypto.com

To purchase cryptocurrency on Crypto.com, sign up for an account, verify your identity and set up 2FA, fund your account, select the desired cryptocurrency, place a buy order, confirm the transaction, and store your funds securely.

Feb 04, 2025 at 11:36 am

Key Points:

• Signing up for a Crypto.com account
• Verifying your identity and setting up two-factor authentication (2FA)
• Funding your account with fiat currency
• Selecting the cryptocurrency you want to purchase
• Placing an order to buy the cryptocurrency
• Confirming the transaction
• Storing your cryptocurrency in a secure wallet

How to Purchase Crypto on Crypto.com:

1. Sign Up for a Crypto.com Account

• Visit the Crypto.com website or download the mobile app.
• Click on "Sign Up" and enter your email address, username, and a strong password.

2. Verify Your Identity and Set Up 2FA

• To comply with regulatory requirements, Crypto.com requires identity verification.
• Upload a government-issued ID (e.g., passport, driver's license) and a selfie.
• Enable 2FA for added security by receiving a code via SMS or an authenticator app.

3. Fund Your Account with Fiat Currency

• Crypto.com supports multiple methods of fiat funding, including bank transfer, credit/debit card, and mobile wallets.
• Select your preferred method and follow the instructions to initiate a deposit.
• Once your account is funded, you can start buying cryptocurrency.

4. Select the Cryptocurrency You Want to Purchase

• Crypto.com offers a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
• Use the search bar or browse the listed coins to find the one you want to purchase.

5. Place an Order to Buy the Cryptocurrency

• Click on the "Buy" button next to the desired cryptocurrency.
• Enter the amount you want to purchase or the equivalent amount in fiat currency.
• Select the order type (e.g., Market Order, Limit Order) and the execution conditions.
• Review the order details and click on "Buy Now" to confirm the transaction.

6. Confirm the Transaction

• Ethereum and ERC-20 token purchases require a transaction fee, which is typically automatically included in the order total.
• Confirm the fee and network before finalizing the transaction.
• The cryptocurrency will be credited to your Crypto.com wallet shortly after the transaction is completed.

7. Store Your Cryptocurrency in a Secure Wallet

• For added security, consider transferring your cryptocurrency from the Crypto.com exchange to a hardware wallet or a software wallet.
• Hardware wallets provide the highest level of security, while software wallets are more convenient and accessible.

FAQs:

• What fees does Crypto.com charge?

Fees vary depending on the payment method, trading volume, and cryptocurrency purchased. Credit/debit card purchases typically incur a 3.5% fee, while bank transfers are free.

• What are the minimum and maximum purchase amounts?

Minimum purchase amounts vary depending on the cryptocurrency. The maximum purchase amount is determined by your account level and verification status.

• How long does it take for my cryptocurrency to be delivered?

Ethereum and ERC-20 token purchases typically take 15-20 minutes to be credited to your wallet. Bitcoin and other blockchain transactions may take longer depending on network congestion.

• Can I use Crypto.com to sell cryptocurrency?

Yes, you can sell cryptocurrency on Crypto.com and receive fiat currency in your linked bank account or mobile wallet.

• Is Crypto.com a safe platform to buy and store cryptocurrency?

Crypto.com has implemented robust security measures, including cold storage for crypto assets, industry-leading insurance policies, and ongoing security audits. However, it's important to practice caution, protect your account credentials, and use secure storage options for your cryptocurrency holdings.