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The products offered on this website and on the Crypto.com Exchange App might include volatile assets that you trade at your own risk..

There are several ways to buy cryptocurrencies, including:

  1. Brokerage services: Crypto brokers allow users to simply buy and sell cryptocurrencies. A popular example is the Crypto.com App, trusted by over 80 million users. It is available at the Apple Store and on Google Play.

  2. Cryptocurrency exchanges: These are online platforms where users can buy, sell, and trade cryptocurrencies using fiat currency or other cryptocurrencies. They offer more complex functions compared to a crypto brokerage, adding trading instruments like crypto derivatives.

  3. Peer-to-peer (P2P) marketplaces: These are platforms where buyers and sellers can directly trade cryptocurrencies without the involvement of a third-party exchange. This is also known as DeFi, short for decentralized finance. Multiple P2P crypto marketplaces can be accessed all in one app via the Crypto.com DeFi Wallet.

  4. To trade cryptocurrency, follow these general steps:

    1. Choose a cryptocurrency exchange that supports trading in your jurisdiction.

    2. Create an account on the chosen platform and perform ID verification, known as KYC ('Know Your Customer').

    3. Deposit funds into the newly created account using a supported payment method.

    4. Navigate to the trading section of the platform and select the cryptocurrency pair to trade.

    5. Choose whether to buy or sell the cryptocurrency, and enter the amount to trade.

    6. Set the preferred price and order type. There are several types of orders, including market orders, limit orders, stop orders, and crypto options, which allow users to buy or sell at a specific price or under certain conditions.

    7. Submit the trade order and wait for it to be executed. Depending on market conditions, the trade may be filled immediately, or it may take time to be filled.

    8. Monitor trades and adjust strategies as necessary.

    It is crucial to note that trading cryptocurrency carries risk, and it is important to trade only what you can afford to lose.

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