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For those who are just getting into cryptocurrency, you may have heard of the craze that Bitcoin has beat its all-time high and is now valued at over $23,500 per coin.
You may be wondering how to buy popular cryptocurrencies like Bitcoin, Ethereum, or Ripple on trustworthy exchanges like Crypto.com. As a result, today’s tutorial will focus on how to purchase and buy cryptocurrency step-by-step so there are no surprises and you are able to make an investment in the crypto you always wanted.
- What is Crypto.com?
- Is Crypto.com legit?
- How to buy Bitcoin, Ethereum, or Ripple with Crypto.com step-by-step
- Register for a Crypto.com account
- Download and install the Crypto.com app onto your iOS or Android Phone
- After installing the app, login to your account
- Select "Accounts" on the lower left side of your phone screen
- Select "Transfer" on the top right of the screen
- Select "Deposit" and you will get the option to select either ACH or Wire Transfer for USD currency
- Link your bank account with the Crypto.com ACH bank information to be able to start transferring funds over
- Deposit funds.
- Once funds are successfully in your Fiat Wallet, you can now purchase your desired Crypto.
- Choose your desired cryptocurrency and check out using your Fiat Wallet funds.
What is Crypto.com?
Crypto.com has product offers ranging from a cryptocurrency debit card that provides up to 8% cashback on every purchase, regardless of category, and an Earnings program in which you can stake existing cryptocurrency to earn even more crypto. Opportunities like these in the cryptocurrency market is simply unheard us, especially with APY interest rates reaching as high as 12% for stable coins like USDC.
Is Crypto.com legit?
Yes. Crypto.com is legit. Crypto.com is one of the more popular cryptocurrency exchanges in 2020 alongside popular exchanges like Coinbase. Crypto.com has a good following on their mobile app and on their website.
How to buy Bitcoin, Ethereum, or Ripple with Crypto.com step-by-step
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Register for a Crypto.com account
The first step to buying the cryptocurrency you desire is to register for a Crypto.com account. Take advantage of the current $50 sign-up bonus here.
Download and install the Crypto.com app onto your iOS or Android Phone
For iOS users, click here to download the Crypto.com app. For Android users, click here.
After installing the app, login to your account
After verifying your email and your Crypto.com account, activate the account to login successfully through the Crypto.com app so you can buy your desired cryptocurrency.
Select "Accounts" on the lower left side of your phone screen
You should be taken to a page that shows your existing wallets. Now, select “Fiat Wallet”
Select "Transfer" on the top right of the screen
See image appended to see where the “transfer” icon is.
Select "Deposit" and you will get the option to select either ACH or Wire Transfer for USD currency
Select ACH Push to find the necessary ACH bank information from Crypto.com to link your bank account to Crypto.com to enable direct deposit (ACH).
Link your bank account with the Crypto.com ACH bank information to be able to start transferring funds over
Crypto.com does not take any fees on ACH, although your bank may or may not charge extra for each external bank transfer via ACH. Check your respective bank account for extra potential fee charges.
Deposit funds.
You are officially done transferring funds over to Crypto.com via ACH, which may take about 3-5 business days to reflect the balance transfer.
Once funds are successfully in your Fiat Wallet, you can now purchase your desired Crypto.
Select “Buy Crypto” on the top left corner of the screen.
Choose your desired cryptocurrency and check out using your Fiat Wallet funds.
Buy popular cryptocurrencies like Ethereum, Ripple, or Bitcoin, or altcoins like Cardano, Stellar Lumens, and the like. The choice is yours.
Final thoughts
Cryptocurrency is rapidly growing and blockchain is not going away. The technology is simply growing as each passing day happens. Mass adoption and acceptance of cryptocurrency is only a matter of time, especially with big tech companies and financial payment institutions adopting the technology. Investment vehicles like Bitcoin, Ripple, and Ethereum will become a big hit fast.
There is a reason why Bitcoin beat its all time high of $23,500, only couple years later.
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The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur.
