How & where to buy Crypto.com Coin (CRO) online
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In this guide, you can find out everything you need to know before you invest in Crypto.com tokens. We explain where to get them, look at their prospects as an investment, and detail the different considerations you should make based on your personal strategy. Read on to get started.
What are the best exchanges to buy CRO on?
The trading platforms listed below are the best places to buy Crypto.com Coin right now. Click on one of them to sign up, or keep scrolling to learn more about the cryptocurrency.
How to buy Crypto.com online – a step-by-step guide
Step 1. Find an exchange
The easiest and most affordable way to purchase CRO and other cryptocurrencies is through an exchange. This is effectively a giant marketplace where users can purchase and sell a wide variety of digital tokens with other users.
Below, we have listed the two best exchanges that support Crypto.com Coin along with a brief description of what sets them apart from the competition:
- Coinbase: Coinbase supports a wide range of cryptocurrencies, has a great track record of reliability, and is extremely easy to use. Open a Coinbase account today >
- KuCoin: Balancing high-power analytical tools with a clean and simple interface, KuCoin is the best of both worlds and is becoming an increasingly popular exchange. Create a KuCoin account now >
Step 2. Sign up and fund your account
Now you have selected an exchange, you need to create an account, validate it, and fund it before purchasing any CRO coins. Handily, this is a simple and easy-to-follow process. Just fill out the contact details that are requested from you, provide a copy of your photo ID if necessary, and then transfer accepted funds from a connected wallet or bank transfer.
Step 3. Purchase
Once you have funds in your account, you can purchase Crypto.com Coin. Search for the coin’s ticker, CRO, and once you have found it, enter the number of coins you want to purchase. Check you are happy with the price and fees, then lock in your transaction. Your CRO should be added to your account almost instantly depending on the kind of order you have gone for.
Step 4. (Optional) Get a suitable wallet
If you plan on holding your Crypto.com tokens for a while, it is best to store them securely to protect them from theft and other forms of online attack. Using a cryptocurrency wallet is therefore something you should carefully consider. Here are our two top picks for storing your Crypto.com Coin:
- CoolWallet: With CoolWallet, you get the benefits of convenient digital access combined with the security of hardware storage. Get a CoolWallet now >
- Freewallet: This wallet provide low-fee and secure storage of a wide range of supported cryptos. In recent years, Freewallet has become one of the most popular wallets on the market. Open a Freewallet today >
How to trade Crypto.com – step-by-step guide
Step 1. Find a broker
The most popular and effective way to trade cryptocurrencies is by using an online broker. This is because they are regulated platforms that allow you to open and close trades instantly, allowing you to take advantage of price action.
Right now, no brokers support Crypto.com Coin, but given the increasing user base of Crypto.com, this could change in the near future. Expect to see one of the major brokers like eToro or Robinhood pick CRO up first.
Step 2. Deposit money
Signing up to a broker is pretty much the same as signing up to an exchange. Simply fill out the contact details that are required from you, provide a copy of photo identification if it is requested from you, and add funds to your account from a bank transfer or credit card.
Step 3. Learn how to perform technical analysis
Performing technical analysis enables you to gain an insight into the market, allowing you to predict when prices will rise and when they will fall. Our short-term trading course covers all of the basics and will give you a headstart in this regard.
Step 4. Decide whether to go long or short
When trading Crypto.com Coin or any other cryptocurrency, you can go long or short. Going long means you believe the coin in question will rise in value, and this is best in bull markets. In contrast, going short means you feel the price is set to fall, and this is best for bear markets.
Step 5. Make the trade
Finally, you can finalise your trade and execute it. However, for those of you who don’t have a lot of experience, it is always best to start out with virtual money on a demo account. This means you won’t make costly mistakes and can perfect your strategies and technical analysis capabilities.
Should I invest in Crypto.com?
As a platform on the up, it could be a good target for investment. Founded in 2016, Crypto.com is a website and app that provides cryptocurrency exchange services. It has taken off in recent years, serving around 10 million active users and agreeing to sponsor some major sports teams and events.
There are a variety of benefits to holding CRO beyond speculating on its value. For example, you could get a ‘premium’ metal Crypto.com Visa card and use it for everyday purchases, receiving purchase rebates and extra card cashback on a variety of purchases. Moreover, you can earn a ‘better APR in Crypto Credit and Crypto Earn’ – staking CRO on the Crypto.com exchange earns you 20% APR.
As a result, CRO may not have as many use cases as other utility tokens, but it has enough benefits to warrant consideration when you are looking for additions to your crypto portfolio. It is best to invest in CRO if you are interested in actively using the Crypto.com platform and want to take advantage of the benefits; otherwise, you might be better off looking elsewhere.
If you still haven’t made up your mind about CRO yet, check out the pros and cons of Crypto.com below.
- Low fees
- Earn interest on crypto quickly and easily
- New Visa card allows crypto to integrate into everyday purchases, and there are rewards
- Good security
- Expanding user base
- Strong partnerships with major brands
Now, check out the additional considerations you should make below and decide if you want to invest in Crypto.com.
1. Is now a good time to buy Crypto.com?
The answer to this question is almost wholly dependent on what you want out of your purchase. If you want to get CRO to hold it for a prolonged period of time and speculate on its future value, the added benefits of the coin can sweeten the deal, particularly the lucrative yield for staking. To work out if now is a good time to purchase for the long term, conduct fundamental analysis and dig into the business model of Crypto.com.
Contrastingly, you won’t be spending as much time digging into the fundamentals if you want to trade CRO for quick profits. Instead, you need to work on building your own comprehensive technical strategy and assessing the market through analysis.
For more information on CRO’s recent price performance and analysis of the credentials of Crypto.com, check out the articles we have compiled for you below:
2. What problem does Crypto.com solve, and what are its investment prospects?
Cypto.com doesn’t exactly break new ground – it just offers a variety of helpful services and features that could help accelerate crypto adoption. The exchange makes it easier to swap cryptos with other token holders, and the introduction of a new Visa card – while hardly groundbreaking – allows cryptocurrency to integrate into everyday life.
The big hurdle for this project is obvious: competition. There are many highly competitive exchanges, some with lower fees or greater benefits than Crypto.com. Moreover, the selection of supported cryptos and level of customer service is also trumped by other platforms.
While Crypto.com is doing well for now – any company with Matt Damon acting in their homepage ad usually is – it remains to be seen how well it can compete in the future. For the latest news on Crypto.com and CRO coin, check out the articles we have linked to below:
CRO price prediction as Cronos launches ENS competitor
Cryptocurrencies under $1 to help you diversify on a budget
Cronos price prediction: CRO is getting extremely oversold
3. Do you want to hold Crypto.com for the long term?
There are two contrasting approaches you can use when investing in Crypto.com tokens: purchasing them and storing them in a wallet until they rise in value by a desirable percentage, or flipping them for quick returns. Here is what you should think about for each directive:
Considerations for a long term investment strategy
The main thing you need to consider as a long-term investor is what exchange you want to purchase your CRO through. You also need to think about whether a crypto wallet will be needed – if you want added security for your own peace of mind, it could well be.
Considerations for a short term trading strategy
Traders will be better of focusing on developing their trading strategy, analysing the market, and finding a broker with low fees. That way, any profits made from trading won’t be depleted by lofty fees.
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