Want to start investing in cryptocurrencies, but don’t know how and where to do so? Or maybe you are an advanced investor who wants to explore various cryptocurrency platforms? You are in the right place because this guide to Crypto.com is here for you to help you decide!
Crypto.com is fully adapted to use on your mobile, therefore you can start easily, as this platform is also friendly to both – crypto experts and beginners who want to earn extra. Most importantly, we will help you find out relevant steps to start within the platform and become a crypto investor.
Continue reading this guide to start!
Get Started With Crypto.com Exchange
What is Crypto.com?
Crypto.com is a digital platform where users can buy, sell, exchange cryptocurrencies. It was established in 2016 and grew to a platform with over 5 million users worldwide throughout the years!
The platform is located in Sai Wan, Hong Kong island, and was founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo.
Once you get a Crypto.com App on your smartphone, there is a whole ecosystem of Crypto.com that you can access and navigate easily.
Reasons to Use Crypto.com
- All-in-one platform
- Easy to trade a local CRO coin
- Mobile-friendly
- 100+ cryptocurrencies available
- Get up to 8% cashback from each of your purchases
Get Started With Crypto.com Exchange
Top Features of Crypto.com
1. Crypto.com Visa Card Tiers
Different tiers allow users to receive up to 8% cashback from every purchase. In addition, owning a Crypto.com Visa Card enables its users to provide access to different benefits or discounts, such as reimbursements on Spotify, Netflix, and more!
2. Local CRO Coin
Crypto.com offers an opportunity to trade a native CRO token within the platform!
3. All-in-One Ecosystem
Crypto.com is an all-in-one ecosystem that enables users to use services, such as Crypto.com App, Crypto.com Earn, Crypto.com Pay, Crypto.com Exchange. That’s why over 5 million users choose Crypto.com – it is an easy-to-navigate platform that has to offer for both: beginners ar experienced crypto investors!
Get Started With Crypto.com Exchange
How to Get Started With Crypto.com – Complete Guide:
It may sound like a lot to remember, but we will help you by walking through the steps on how to get started and become a crypto investor! Let’s go.
Step 1. Downloading the Crypto.com App
The easiest way to start with Crypto.com is simply downloading Crypto.com App. Or click here to get started with Crypto.com Exchange!
As we mentioned – the application is fully adapted to mobile usage, so downloading the app to your mobile phone will ensure the best possible experience using the platform!
So, go to Google Play or App Store and download Crypto.com App. Whether you own an Android or iOS, the platform will be fully supported on your mobile device.
Once you start downloading the app, get your driver’s license, passport, or ID ready – one of them will be needed to confirm your identity.
Got one?
Let’s start!
Step 2. Confirm Your Email
When you open the app, you can see introductory slides that show all the things you must know about the platform before you start.
Skip them or read – up to you!
After you skip or read introductory slides, the app will ask for your email. Type one you want to use and make sure to confirm it when you get it to your email!
Step 3. Confirm Your Phone Number
You have completed confirmation of your email, now – you have to do the same with the phone number. Type in the number you would like to use within the platform and press submit.
You will now receive an SMS with a confirmation code.
Type the confirmation code in the app, and you are good to go to the 4th step!
Get Started With Crypto.com Exchange
Step 4. Do You Want To Get Promotional Letters? Confirm It!
In the next step, you will see a window that asks for your consent to send you offers and updates from Crypto.com.
Tick the box if you want to get promotional letters, if not – click ‘Continue’ and get to the next step.
If you choose to give your consent to Crypto.com in sending you promotional updates and offers and change your mind after some time – don’t worry, you have a right to withdraw from such letters.
When you want to stop, open an email letter that you received from Crypto.com and search from Unsubscribe button within the letter.
Step 5. Create Your Account
Yes, we know – there are many confirmations and box-ticking, but it is necessary to ensure the best possible security, so it’s clear that your financial information is only accessible to you and no one else!
So, here comes an important step of setting up your Crypto.com account – verification of your identity.
According to Crypto.com, there are legal requirements that the platform has to comply with, therefore your identity has to be confirmed via:
- Full legal name
- ID
- Selfie
Start with writing your full name in Latin symbols, exactly as it appears on your ID. Next step – your ID. You can choose from:
- Driver’s license
- ID
- Passport
Once you pick a document for your identity verification, an app will launch a camera so you can take a picture of the chosen ID. Take a picture and then…
…take a selfie!
Sounds crazy, but this is the way how the platform makes sure it is 100% you!
So! When you finish with pictures, the app will notify you that verification is now pending and you will be notified about your verification process in 2-3 business days.
Step 6. Generate Your Pin
Crypto.com will request you to create a six-digit passcode/PIN code that is required to log in to the platform to continue using the app. Also, it will be necessary before you complete any transactions!
So, think of a strong, unique passcode for your extra safety of yours. And make sure to remember it!
Get Started With Crypto.com Exchange
Step 7. Choose A Currency
The next step is choosing a payment currency. It will be used to display your account balance, transactions, purchases within the app.
Crypto.com offers to choose from Euro, US Dollar, Singapore Dollar, and British Pound. Pick one and continue!
Congratulations, you have just set up your Crypto.com account! Wasn’t that difficult, was it?
Once you set up the account, you can navigate all the features of the application. However, we will help you get your cryptocurrency in Crypto.com and show how can you transfer money to your Crypto.com Wallet!
Step 8. Buying Cryptocurrency on Crypto.com
Here comes the fun part – finally getting cryptocurrency to your Crypto.com account! Once you’ve finished setting up and your account has been verified, let’s take a look at how can you get crypto:
- Get it via bank transfer
- Directly via your Credit/Debit card
- From other crypto wallets you have!
So, let’s go through each step.
Get Your Crypto via a Bank Transfer
If you choose this method, then the money will be sent from your bank account to Crypto.com Wallet. If you are a new user, then you have to create a Fiat Wallet.
To do so, choose “Wallet” on your dashboard and click “Transfer” – it is placed on the top right. Click “Set Up New Currency” and you can now choose from various fiat currencies. Pick up to 5.
If the main fiat currency you generally use is Euro, then create Fiat Currency Wallet and choose how you will be getting your currency into Crypto.com (for example, SWIFT transfer or SEPA).
Then, Crypto.com will ask you to fill in all the relevant information for your money order! So, provide the platform with your IBAN and everything it asks for to get your money into Fiat Wallet.
It might take a few days until the money reaches your Fiat Wallet, but once it arrives – click on ‘Buy’ on the menu and fill in how much would you like to buy.
Press the ‘Buy’ button ad now you have bought your crypto!
Get Your Crypto via Credit or a Debit Card
Another way to get crypto into your Crypto.com Wallet is via a direct payment with your Credit or a Debit card! It does not take any time and your purchase can be done immediately.
Go to your menu and click on ‘Buy’. Crypto.com has plenty of cryptocurrencies to choose from, so pick the one you want to buy. Then – click on ‘Add Credit or Debit Card’ and buy your crypto!
If you decide to use this method in your further crypto purchases – you won’t have to type in your card details all over and over again. Crypto.com will save it for your upcoming purchases.
Be aware, that this method gets your crypto in seconds, therefore, it requires a 3.5% processing fee!
Get Your Crypto From Another Wallet
Crypto.com offers a possibility to get your crypto from another Wallet if you own one. And it is really easy to do!
Let’s take Bitcoin as an example:
In Crypto.com App find your Bitcoin Wallet Address. It will be a long address with numbers, so Open your app > Wallet > Choose a cryptocurrency you want to transfer (Bitcoin in this case) > Transfer > Copy the QR code.
Then go to your Coinbase account and pick Bitcoin. In your Bitcoin Wallet click ‘Send’ and paste the address you have copied in Crypto.com.
So, the procedure would look like this: Open Coinbase Account > Choose Bitcoin > Go To Bitcoin Wallet > ‘Send’ > Paste The Address From Crypto.com > Fill in how much BTC you wish to transfer > ‘Continue’ > Complete SMS verification process.
Once you complete a verification process, the transaction will be displayed as “Pending”, so don’t worry – it takes some time until the transaction is completed!
Get Started With Crypto.com Exchange
Step 9. Sell Your Cryptocurrencies on Crypto.com
Good news – this step does not have many options is can be done pretty easily!
Go to the menu and find ‘Sell’, click and choose a cryptocurrency you wish to sell. If it’s Bitcoin, then click on ‘Fiat Wallet’ and type in the amount you want to sell.
Click ‘Sell’ and you just sold your chosen crypto! Sold cryptocurrency will turn into a fiat currency that you have chosen before – in our case Euro – and is now available to use with your Crypto.com Visa Card!
Advantages of Crypto.com
So, we have guided you by setting up your Crypto.com account and buying and selling cryptocurrencies on the platform. We believe this is a convenient platform for everyone who wishes to start trading now!
But we think the main advantages of Crypto.com platforms we would like to highlight are:
- The platform is easy to navigate
- It is FREE to set up an account
- It is FREE to get and use the Crypto.com Visa Card
- Variety of Visa Card tiers to choose from
- Up to 8% cashback from each purchase using Crypto.com Visa Card tiers
- Possibility to trade local CRO token
- More than 100 cryptocurrencies available
Disadvantages of Crypto.com
Although Crypto.com has many advantages, there are some disadvantages we recommend looking into before you start using the platform:
- Getting cryptocurrency via a Credit/Debit card comes with a 3.5% processing fee
- Low Trustpilot rating (2.5/5)
- Customer service is poor
- The highest Visa Card tiers are only available for those staking the biggest amounts of CRO.
Get Started With Crypto.com Exchange
Conclusion
Crypto.com might be quite difficult to navigate once you are new to the platform! But turns out, it is not so hard.
So, it is a great platform for those who want to stake high amounts of CRO and basically everyone, who wants to start investing in cryptocurrency or continue doing so.
Luckily, this platform does not require any entry fees to set up an account or get and maintain Crypto.com Visa Card.
However, users have to provide a valid ID and a selfie to set up an account and be verified. These steps will ensure that it’s 100% YOU who wants to start using the platform, so your finances are safe!
In addition, the platform offers several Visa Card tiers. Each comes with different benefits and up to 8% cashback from every purchase you make.
So, it is a good idea to choose the platform if you also want to receive reimbursements and rebates on platforms like Spotify or Netflix!
Get Started With Crypto.com Exchange