The Crypto.com exchange is gaining in popularity recently, especially since they have gained the rights to the Staples Center. If you are looking to buy and sell cryptocurrency, you need to find a reliable exchange. That's where the Crypto.com mobile app comes in. Not only is the Crypto.com app easy to use, it's actually one of the lowest cost exchanges available right now
Crypto.com offers a variety of services. They have the exchange, they have payment services, and they also offer decentralized finance services like lending and also allow you to earn interest.
Crypto.com is a mobile app that allows you to invest in cryptocurrency from your phone. Whether you're new to the crypto world or an expert, this guide will teach how to use Crypto.com and how it can help in building your portfolio of coins!
How To Use the Crypto.com App
The mobile app to trade using Crypto.com is available for both iOS and Android. You can download it for free from the App Store and Google Play.
Once you have downloaded and installed the app, you will need to create an account. You can do this by clicking on Sign Up at the top of the screen.
You will then be asked to enter your email address and password. Once you have done this, click on Register.
Next, you will need to complete your profile. This includes adding your name, date of birth and country of residence.
Once you have completed your profile, click on Save & Continue at the bottom of the page.
In order to start trading and investing in crypto, you need to verify your identity using an official document like your driver's license or personal ID.
The homescreen will display your total account balance and will show you the top gaining prices of cryptos that you currently hold in your wallets. You can also scroll down to see other top gainers and related cryptocurrency investment news.
On the bottom of the app, the second tab is the "accounts" tab, this is where you can view your wallets and easily make exchanges by selecting the crypto.
In the Accounts tab, you can see all of your transactions and also view your balances for different coins.
Crypto.com Fiat Wallet - How to Deposit Fiat Currency
To set up your fiat wallet to purchase crypto with, you need to verify your identity and link your bank account or debit card. In order to verify your identity, you will need to provide an official document such as your driver's license or passport.
Once verified, you can deposit fiat currency by selecting "Deposit Funds" in the Fiat Wallet tab. You have the option to use a bank account or debit card to make your deposit.
Additionally, you can link your bank account to make a fiat currency deposit after you have confirmed your identity for that currency. Crypto.com will give you the transfer information that you need to enter on your banking app to complete the transfer.
Do this, go to your settings in the app and select "Fiat Wallet" to see all of your fiat currencies available.
Once you have fiat currency, you can buy crypto using your Crypto.com app.
How to Buy Crypto with Crypto.com - Crypto Wallet
Tap on the "Crypto Wallet" under the Accounts tab, and select the coin you wish to buy.
or you can click on "Buy" after clicking the middle button on your home screen.
Next, tap on whatever coin you wish to buy and it will take you directly into the purchase screen.
You will have three different payment options:
Credit card- You can use your debit or credit card to buy crypto as long as it's not a prepaid one.
Crypto wallet- You can use your existing crypto balances in your wallet to purchase other cryptos.
Fiat wallet- If you want to buy crypto with fiat currency, this is the option for you.
After selecting your payment type, fill in the details and hit "Submit".
You will then be taken to a confirmation page where you can review all of the information before completing your purchase!
Users who hold crypto in another wallet or exchange can easily transfer it to the Crypto.com platform
Click on "Deposit", click on "Crypto", and then choose which crypto you want to deposit and how much.
On the next screen, on the top of your wallet balance box, there should be a QR code that will pop up. You can then scan this with your other wallet or exchange app!
How to Sell Crypto with Crypto.com
First, click on your "Crypto wallet" from the accounts tab and click on "Sell".
Choose which cryptocurrency you wish to sell.
You can select to sell it via your Crypto wallet, meaning you will exchange your crypto for another. Or, you can sell via your Fiat wallet for Fiat currency like USD.
Select how much of that coin you want to exchange and hit submit.
Congrats, you're done selling your crypto!
Exchange Wallet - Trading with the Crypto.com exchange
If you want to trade cryptocurrency using the Crypto.com exchange, this is where you can transfer your crypto.
First, scroll all the way down and select "Transfer Funds to Exchange". This will allow you to use the Crypto.com crypto exchange.
After that, select the cryptocurrency you would like to transfer, how much of it you are transferring and choose the wallet you are transferring it from. After you click deposit, you will be able to trade those funds using your exchange wallet.
The Exchange Tab is where you will find all the trading pairs available on Crypto.com. You can choose which currency you want to buy or sell in this tab.
Once the funds are in your exchange accounts, you can then trade your crypto.
Keep in mind the fees involved. This includes maker and taker fees depending on if you are the one creating the order on the books or if you are taking an existing order.
Make sure to read my more specific guide on Crypto.com Fees to see the actual fee structures.
How to Transfer from Crypto.com
You can easily transfer fiat currency or cryptocurrencies to either your linked accounts or another wallet address. Just select the currency you own and how much you would like to transfer.
You can also enter the recipient's name and email address to send it directly to them.
The final step is to review your transaction and then hit "send". The funds will be transferred immediately and you will receive a confirmation once the transfer is complete.
If you go to your settings in your Crypto.com mobile app, you can change your payment currency depending on your location. This will change how the cryptos are valued in your app.
Additionally, this is where you can set up 2 factor authentication. Two Factor authentication is important because it adds an extra layer of security to your account.
Other Services Offered by Crypto.com
Crypto.com offers a variety of finance services besides the traditional cryptocurrency exchange app. They have a credit card and even have their own cryptocurrency coin, CRO, which we discussed earlier.
One of the most popular services offered is how simple it makes sending money around the world with no fees or delays .You can send crypto currency through messaging apps like Telegram. This service has become very popular for certain types of businesses.
The app also offers a simple way to buy gift cards for different stores with cryptocurrency. You just need the gift card codes and you're good to go.
Have you ever wanted to earn passive income from your cryptocurrency investments?
One of the biggest features of Crypto.com is the earn option, where you can earn up to 14.5% on your deposited coins.
Crypto.com has their own coin, CRO, which you can use to pay fees and also earn the most interest on your deposited coins.
To start earning, go to the "Earn" tab in the Crypto.com mobile app and select how much you want to deposit.
You will then be given a selection of coins that you can choose from and stake your CRO. Select the coin you would like to deposit.
Select how many coins and how long you want the storage period (the longer it is, the more interest your earn).
Enter how much CRO and crypto currency you would like to deposit on Crypto Earn transactions and hit submit.
This is how you can earn passive income on your cryptocurrency investments. Each crypto has a different interest rate. For example, you can earn up to 8.5% on Bitcoin, 5.5% on Ethereum and 10% on Polkadot.
You can use your crypto to pay for goods and services online through the Crypto.com Pay service.
To start using this service, go to your Crypto.com app and select "Pay". You will then be given a list of popular websites that you can use to pay with cryptocurrency.
Select the website you would like to pay and it will take you into the promotion. You can get special promotions depending on how much CRO you have staked on your account.
Crypto.com Visa Card
They also have a crypto credit card which actually works more like a debit card. You can use it to buy normal products and services.
You can top up your card with crypto, and then use it like a normal debit or credit card. The Crypto.com Visa Card is accepted anywhere that accepts Visa cards.
Crypto Defi wallet
The Crypto.com Decentralized Financial Network (DeFi) Wallet is non-custodial. That means you have complete control of your private keys which is different than the. You may send cryptocurrency to anyone at any confirmation speed and also network fees that you choose.
Crypto.com Supercharger is an easy to use liquidity mining platform. Essentially, this means that you can earn rewards by depositing your CRO.
You can also earn free crypto by using the Crypto.com Supercharger. The features include how to send money with no fees, how you can top up your card for free and how you can pay online without any fees or delays.
Your rewards on Supercharger completely depend on how much CRO you have on your account. You can get paid out in many other cryptocurrencies including Enjin (ENJ), Polka, and even BTC (Bitcoin). Some of the APY rates go upwards of 15%.
This feature is actually one of the biggest reasons that people choose to store their crypto with Crypto.com, people want competitive rewards to earn passive income off of their investments.
How to Get More CRO Coins
You can buy your own CRO coins through the Crypto.com app exchange.
Is crypto com a good app to use?
Crypto.com is a great app for beginners because it is so user-friendly and has a wide variety of services. It also offers good interest rates on deposited coins.
How to Withdraw Crypto from Crypto com?
To withdraw money from your Crypto.com account, just go to the "Withdraw" tab in the mobile app and select whether you want to withdraw crypto or fiat currency.
If you want to withdraw crypto to another exchange or wallet, select how much cryptocurrency coin you would like to deposit to that wallet and paste your wallet address on your Crypto.com app,
How to Withdraw Fiat Currency from Crypto.com?
To withdraw currency, just go to the "Fiat wallet" in your mobile app and select "Transfer" and then "Withdraw". Select the currency and how much currency you would like to transfer.
Is Crypto.com better than Coinbase?
Crypto.com has more features and offers better interest rates than Coinbase, so it is definitely a step up from the latter. Crypto.com is very different than traditional cryptocurrency platforms like Coinbase and Binance because they are focused on other financial services that allow you to earn interest on your investments, like Crypto.com Earn.
Additionally, Crypto.com has much lower fees than Coinbase. This is especially true if you are staking their coin, CRO in your account.
Is Crypto com secure?
All your crypto assets are insured by Crypto.com's Policy # 100% insurance against theft or loss of digital assets due to an authorized user’s account accesses, either internally or externally with dual control factors including dynamic split key encryption (DSKE).
To ensure that you have complete security over your cryptocurrency wallet, you will need to activate two-factor authentication which also ensures how much CRO you have in your account remains safe at all times. To do this, just go into settings on your app and enable "Two Factor Authentication".
Crypto.com is a great app for beginners and experienced investors. The great APY interest rates on Earn allow you to earn passive income by staking your CRO coin and the simple interface allows you to buy and sell cryptos extremely easily.
Lastly, please do make sure to get a secure hardware wallet to store your cryptocurrency off exchanges when you're holding mid or longterm. I recommend the Ledger Nano X since it's so easy to to use and very safe. If you’re looking for different wallet, I’ve got a detailed list of my favorite crypto wallets here.
Feel free to leave a comment below and I'll personally answer your questions.