Crypto.com | Securely Buy, Sell & Trade Bitcoin, Ethereum and 350+ Altcoins (2024)

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Grow your portfolio automatically with daily, weekly, or monthly trades.

Crypto.com | Securely Buy, Sell & Trade Bitcoin, Ethereum and 350+ Altcoins (10)

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Frequently Asked Questions

Cryptocurrency is a digital or virtual currency that operates on distributed ledger technology called a blockchain and uses cryptography for security. It is decentralized and operates independently of a central bank.
Unlike traditional currencies, cryptocurrencies are not backed by a physical commodity or government, and their value is determined by market demand and supply. Cryptocurrencies can be used to buy goods and services, transfer funds, and trade in markets. Popular cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, and Cronos.
Many cryptocurrencies, like Bitcoin, are created through a process called mining, which involves solving complex mathematical equations to validate and record transactions on a blockchain. This mechanism is also called Proof of Work (PoW). Another consensus mechanism that has increased in popularity — as it is more energy efficient — is Proof of Stake (PoS). Instead of mining, PoS relies on network participants validating transactions. Ethereum, the second-largest cryptocurrency, uses this consensus mechanism.

There are several ways to buy cryptocurrencies, including:

  1. Brokerage services: Crypto brokers allow users to simply buy and sell cryptocurrencies. A popular example is the Crypto.com App, trusted by over 100 million users. It is available at the Apple Store and on Google Play.
  2. Cryptocurrency exchanges: These are online platforms where users can buy, sell, and trade cryptocurrencies using fiat currency or other cryptocurrencies. They offer more complex functions compared to a crypto brokerage, adding trading instruments like crypto derivatives. The Crypto.com Exchange is an example of a popular crypto exchange.
  3. Peer-to-peer (P2P) marketplaces: These are platforms where buyers and sellers can directly trade cryptocurrencies without the involvement of a third-party exchange. This is also known as DeFi, short for decentralized finance. Multiple P2P crypto marketplaces can be accessed all in one app via the Crypto.com DeFi Wallet.

It is important to perform proper research and choose a reputable platform to buy cryptocurrencies. For instance, Crypto.com holds the highest security rating in the industry. In addition, it is advisable to store cryptocurrencies securely in a wallet like the Crypto.com App or Crypto.com DeFi Wallet.

To buy crypto, follow these general steps:

  1. Choose a crypto platform to use, like the Crypto.com Exchange or Crypto.com App.
  2. Create an account on the chosen platform by providing personal information and ID verification, also known as ‘Know Your Customer’ (KYC) procedures.
  3. Deposit fiat currency or another cryptocurrency into the newly created account. The Crypto.com App supports bank transfers, credit cards, debit cards, and cryptocurrency transfers to buy crypto, depending on region.
  4. Navigate to the ‘Buy’ section of the Crypto.com Exchange or App and select the crypto to buy.
  5. Enter the amount of cryptocurrency to buy and confirm the transaction.
  6. The crypto will be deposited into the account. From here, it can be transferred to other crypto wallets or converted back to fiat currency and paid out to a bank account.

It is important to perform proper research and choose a reputable platform to buy cryptocurrencies. For instance, Crypto.com holds the highest security rating in the industry. In addition, it is advisable to store cryptocurrencies securely in a wallet like the Crypto.com App or Crypto.com DeFi Wallet.

To trade cryptocurrency, follow these general steps:

  1. Choose a cryptocurrency exchange that supports trading. A popular option is the Crypto.com Exchange.
  2. Create an account on the chosen platform and perform ID verification, known as KYC (‘Know Your Customer’).
  3. Deposit funds into the newly created account using a supported payment method. The Crypto.com Exchange supports bank transfers and credit/debit cards.
  4. Navigate to the trading section of the platform and select the cryptocurrency pair to trade.
  5. Choose whether to buy or sell the cryptocurrency, and enter the amount to trade.
  6. Set the preferred price and order type. There are several types of orders, including market orders, limit orders, stop orders, and crypto options, which allow users to buy or sell at a specific price or under certain conditions.
  7. Submit the trade order and wait for it to be executed. Depending on market conditions, the trade may be filled immediately, or it may take time to be filled.
  8. Monitor trades and adjust strategies as necessary.

Here is an introduction to trading on the Crypto.com Exchange.
It is crucial to note that trading cryptocurrency carries risk, and it is important to trade only what you can afford to lose.

There are several ways to earn cryptocurrency, including:

  1. Mining: Cryptocurrency mining involves using specialized computer hardware to solve complex mathematical equations that validate transactions on a blockchain network. Successful miners are rewarded with newly minted cryptocurrency for their efforts.
  2. Staking/Lockups: Staking and lockups involve holding or locking up a certain amount of cryptocurrency in a wallet or on a platform to support the operations of the blockchain network. Stakers are rewarded with new cryptocurrency as a form of interest for their support.
  3. Trading: Trading cryptocurrency involves buying and selling cryptocurrencies on exchanges or other trading platforms. Those who have a good understanding of market trends and are able to make informed trading decisions can earn profits through trading.
  4. Airdrops: Airdrops are free distributions of cryptocurrency to users who meet certain criteria or participate in promotional activities.
  5. Crypto Projects: Some blockchain projects offer rewards or bounties for users who contribute to their development or community. This can include activities like bug bounties, testing, or content creation.

It's important to note that each method of earning cryptocurrency carries its own risks and rewards. It is recommended to carefully research cryptocurrencies and understand the process before buying. Learn more about the crypto market at Crypto.com University.

Users can earn rewards on their cryptocurrency holdings through various products that offer rewards-bearing accounts or lending services. Here are some ways to earn rewards on cryptocurrency:

  1. The Crypto.com App, Exchange, and DeFi Wallet all offer different ways to earn rewards on crypto, called Crypto Earn.
  2. Create an account on the chosen platform and deposit cryptocurrency holdings into the rewards account.
  3. Depending on the platform, users may earn rewards through lending their cryptocurrency to other users or by locking up their cryptocurrency for a period of time.
  4. Some products offer fixed reward rates (e.g., the Crypto.com Visa Card), while others may offer variable rates that depend on market conditions (e.g., the 'Earn' feature in the Crypto.com DeFi Wallet).
  5. Monitor rewards and adjust strategies as necessary.

It's important to note that earning interest and rewards on cryptocurrency carries risks, including fluctuations in market conditions that may affect interest rates. Make sure to carefully research and understand terms and conditions before depositing cryptocurrency.

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The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. It is not intended to offer access to any of such products and services. You may obtain access to such products and services on the Crypto.com App.

Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions.

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Crypto.com | Securely Buy, Sell & Trade Bitcoin, Ethereum and 350+ Altcoins (2024)

FAQs

Is crypto.com legal in the USA? ›

Crypto.com holds a money services business license with U.S. FinCEN, so it's legal in the U.S. It also holds a money transmitter license in every U.S. state that requires it, except New York. It is also available legally in American Samoa, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.

Is crypto.com coin a good investment? ›

Boasting strong exchange support from Crypto.com, Cronos has experienced impressive growth during the past few months. Cryptocurrencies that have practical applications, like CRO Coin in this case, are usually thought to be good long-term investment decisions.

How much does it cost to buy and sell crypto on Crypto com? ›

Crypto.com keeps it simple using the maker-taker model, with rates ranging from 0.0% to 0.75% for maker fees and 0.05% to 0.075% for taker fees. Investors pay additional fees for using credit cards.

Which crypto will boom in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Solana (SOL)$72 billion$162
Ripple (XRP)$28 billion$0.51
Dogecoin (DOGE)$22 billion$0.15
Tron (TRX)$10 billion$0.12
6 more rows

Is crypto com shutting down in the US? ›

On 14 November, Marszalek, the firm's CEO, assured users that the exchange was functioning as normal. On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions.

Is crypto trading illegal in USA? ›

As decentralized currencies, crypto is not and will likely never become banned in the U.S. Currently, the sale and purchase of cryptocurrency is legal in all 50 states. That being said, the government can – and does – regulate how virtual currencies are taxed and traded.

Is crypto com risky? ›

The Crypto.com app is indeed a safe cryptocurrency platform for cryptocurrency exchange. This safety is underpinned by the platform's comprehensive security measures, which include advanced MFA, real-time monitoring for suspicious activities, and substantial insurance coverage to protect user funds and assets.

Which crypto to buy now? ›

Here's a curated list of the most promising cryptocurrencies to consider investing in right now.
  • 5thScape (5SCAPE) – The Next Big Revolution In Crypto Immersive Gaming.
  • DarkLume (DLUME) – King Of VR Metaverse, Where Fantasy Meets Style.
  • ButtChain (BUTT) – World's First Auto Liquidity Meme Coin.
17 hours ago

Will crypto ever recover? ›

Slowly and surely, yes cryptocurrency would recover Here's an illustration Ethereum (ETH) is the world's second-biggest cryptocurrency, behind Bitcoin (BTC). It was launched in July 2015 and first traded on August 7 for $2.77. The next day, the coin's value had fallen to $0.81.

Does crypto.com report to the IRS? ›

Yes. In the United States, your transactions on Crypto.com and other platforms are subject to income and capital gains tax. If you've earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to the IRS.

What is the best crypto trading platform? ›

Summary Of The Best Crypto Exchanges & Apps of June 2024
CompanyForbes Advisor RatingTrading Fees
Kraken4.60%-0.25% Maker and 0.1% - 0.40% Taker
Gemini4.50.2% Maker Fee, 0.4% Taker Fee
Crypto.com4.50.075% Maker / 0.075% Taker
KuCoin4.30.1% Maker Fee, 0.1% Taker Fee *LV0 Trading Fee Level
1 more row

Is crypto.com safe to link a bank account? ›

Security: Crypto.com is known for its robust security measures, including two-factor authentication (2FA), cold storage of digital assets, and stringent Know Your Customer (KYC) procedures. Linking your bank account ensures that your funds are secure and less susceptible to fraud or theft.

What is the hottest crypto? ›

  1. Bitcoin (BTC) Price: $70,867.75. Market cap: $1.4 trillion. ...
  2. Ethereum (ETH) Price: $3,802.81. Market cap: $456.9 billion. ...
  3. BNB (BNB) Price: $700.25. Market cap: $103.3 billion. ...
  4. Solana (SOL) Price: $172.88. ...
  5. XRP (XRP) Price: $0.53. ...
  6. Dogecoin (DOGE) Price: $0.16. ...
  7. Toncoin (TON) Price: $7.38. ...
  8. Cardano (ADA) Price: $0.46.

What is the best cheap crypto to buy right now? ›

Overall, Dogeverse is the best cheap crypto to buy right now. As the world's first multichain meme coin, Dogeverse is deployed across several major blockchains including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.

Which crypto gives the highest return? ›

Bitcoin (BTC)

Bitcoin is the first and largest cryptocurrency by market capitalization and has been in the market since 2009. In the last year, Bitcoin delivered a 500% return, making it a highly profitable investment.

Is crypto.com legit in the USA? ›

100% of user cryptocurrency assets are safely held and fully backed 1:1. We hold all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis, meaning funds are responsibly backed by Crypto.com and accessible at customers' convenience.

Does crypto.com still work in the USA? ›

Last June 9, Singapore-based crypto exchange Crypto.com announced that it would no longer offer services to institutional clients in the U.S., effective June 21. The exchange cited “limited demand” from these customers given the current crypto market conditions.

What is the safest crypto exchange? ›

Exchanges
  • 1 Crypto.com Exchange AAA.
  • 2 Cryptology AAA.
  • 3 Kraken AAA.
  • 4 WhiteBIT AAA.
  • 5 BitDelta AAA.
  • 6 Coinbase Exchange AAA.
  • 7 Binance AAA.
  • 8 Binance US AAA.

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