How to Buy on Crypto.com: Step-by-Step Guide for Beginners

Buying cryptocurrency has never been more accessible, and Crypto.com stands as one of the most popular platforms for both new and experienced traders. Whether you’re looking to purchase Bitcoin, Ethereum, Crypto.com Coin (CRO), or other digital assets, this guide walks you through the entire process. With over 80 million users worldwide, Crypto.com offers a secure, user-friendly app with features like staking rewards and a Visa card. Follow these steps to start your crypto journey.

Step 1: Create a Crypto.com Account

Begin by downloading the Crypto.com app from the official website, Apple App Store, or Google Play Store. Sign up using:

• Your email address
• A strong password
• Referral code (if applicable for bonus rewards)

Agree to the terms and verify your email through the confirmation link sent to your inbox.

Step 2: Complete Identity Verification (KYC)

Crypto.com requires Know Your Customer (KYC) verification to comply with regulations. Here’s how:

1. Navigate to ‘Settings’ > ‘Verification’ in the app
2. Submit a government-issued ID (passport, driver’s license)
3. Take a live selfie for facial recognition
4. Wait for approval (typically 15-60 minutes)

Verified users gain higher deposit/withdrawal limits and full platform access.

Step 3: Fund Your Account

Choose from multiple funding methods:

• Credit/Debit Card: Instant purchases with 2.99% fees (simplest for beginners)
• Bank Transfer: Lower fees (free ACH in the US) but takes 1-5 business days
• Crypto Deposit: Transfer existing crypto from external wallets

To use fiat currency, link your bank account via Plaid or manual details in the ‘Fiat Wallet’ section.

Step 4: Buy Cryptocurrency

Once funded, purchase crypto in three easy steps:

1. Tap ‘Buy’ on the app’s home screen
2. Select your desired cryptocurrency (e.g., BTC, ETH, CRO)
3. Enter the amount in USD or crypto terms and confirm

Your assets appear instantly in your Crypto.com wallet. For recurring buys, set up automated purchases in ‘Recurring Buy’ settings.

Step 5: Secure and Manage Your Assets

Protect your investment with these best practices:

• Enable two-factor authentication (2FA) in security settings
• Withdraw crypto to a private wallet (e.g., DeFi Wallet) for long-term storage
• Explore Crypto.com’s ecosystem: Stake CRO for up to 10% APY or apply for the Crypto.com Visa Card

Frequently Asked Questions (FAQ)

Is Crypto.com safe to use?

Yes. Crypto.com uses military-grade encryption, stores 95% of assets in cold storage, and has SOC 2 compliance. User funds are also insured up to $250 million.

What are Crypto.com’s fees?

Card purchases incur 2.99% fees. Bank transfers are free for USD deposits. Trading fees start at 0.40% but decrease with higher CRO staking tiers.

Can I buy Crypto.com Coin (CRO)?

Absolutely. CRO is native to Crypto.com and can be purchased like any other cryptocurrency on the platform. It’s used for staking, fee discounts, and card rewards.

How long do withdrawals take?

Fiat withdrawals to banks take 1-5 business days. Crypto withdrawals process in minutes but may require email confirmation for security.

What’s the minimum purchase amount?

The minimum is $1 USD for card purchases and $20 for bank transfers. No minimums apply to crypto-to-crypto trades.

Can I use Crypto.com without verification?

Unverified accounts have limited functionality (e.g., $1,000 daily withdrawal limit). Full verification unlocks higher limits and advanced features.

Ready to dive in? Download the Crypto.com app today and use code CRYPTO2024 for a $25 sign-up bonus. Always research assets thoroughly and never invest more than you can afford to lose.