Cronos (CRO) is a blockchain platform created by Crypto.com, a popular cryptocurrency exchange formerly known as Monaco. This network was designed with the aim of providing developers with the tools and infrastructure for building decentralized applications (dApps) and other blockchain-based solutions with potential real-world use cases.
CRO is the native token of the Cronos ecosystem, which is backed by the Crypto.com Chain. CRO can be used for transactions and payments within the Crytpo.com app and ecosystem, as well as staking for eligible participants. Additionally, this coin entitles holders to participate in governance decisions related to the Crytpo.com ecosystem.
Below, we'll explore how curious participants can buy CRO with credit or debit cards instantly and hassle-free.
Step-by-step guide on how to buy Cronos (CRO)
Here are detailed instructions on how to buy CRO:.
1. Select a crypto exchange
The first step includes searching for a trusted crypto exchange with a solid reputation and robust security features that maintain a user-centric environment. Such amenities include two-factor authentication (2FA), an additional layer of security that helps users mitigate the risks of unauthorized access.
Also, before selecting the exchange, it might be wise to explore additional services the platform may offer. For example, the CEX.IOcrypto staking feature allows participants in eligible jurisdictions to earn rewards just by holding select tokens . Creating acrypto savings account can be another straightforward path toward crypto rewards, and typically takes under five minutes to complete.
2. Create an account
Upon selecting a crypto exchange, customers are encouraged to visit its official website or download the mobile app and register. This allows crypto enthusiasts to open acrypto wallet, which is essential for buying, selling, and holding cryptocurrencies.
3. Complete verification
Providing identifying documents is necessary in order to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This step involves submitting a personal government-issued ID or passport, as well as proof of address, to verify the account holder’s identity.
4. Go to the purchasing page
Each crypto exchange offers different ways to acquire cryptocurrencies. For example, CEX.IO empowers verified accounts tobuy cryptocurrency such as CRO in just a few clicks using the Instant Buy service.
5. Assess the risk
Trackingcurrent cryptocurrency prices can help users manage their risk exposure. If the price is particularly high, a trader may decide to hold off on buying, or purchase a smaller amount to mitigate potential losses in case of market fluctuations. Participants can check the latestCronos (CRO) price, market cap, and 24-hour trading volume to make the most informed decision.
6. Choose the amount
The next step involves entering the amount. Users should remember to select the amount that aligns with their financial plan and a calculated personal risk assessment.
7. Select the payment method
Customers can choose between a variety of integrated payment methods, such as debit and credit cards (Visa and Mastercard) , Google Pay, and Apple Pay. To complete the purchase, choose a preferred payment method from those linked to your CEX.IO account, or enter a new set of credentials to add additional payment vectors. Linked payment methods will be stored for future use across our product ecosystem.
8. Confirm the purchase
The last step includes confirming the purchase, after which the transaction will be processed, and the acquired CRO or other cryptocurrency will be credited to the user's account.
Payment methods to purchase Cronos
Apart from credit and debit cards, customers from eligible countries canbuy crypto with a bank account, including international transfers (SWIFT) and domestic transfers (SEPA). Other common payment solutions typically include:
- Cash (through designated ATMs or over-the-counter (OTC) trading desks)
- Cryptocurrency deposits
- Payment gateways (PayPal, Skrill, Apple Pay, Google Pay)
When selecting a crypto exchange, it could be helpful to consider one that offers numerous pathways to acquire cryptocurrencies, such as CRO. For example, CEX.IO offers users tobuy crypto with a prepaid card for those who don't feel comfortable sharing their personal card details online. However, it’s important to remember that this type of card can only work for deposits or to complete crypto purchases, and is not supported for withdrawals.
Where can I buy Cronos?
Users can buy CRO on any crypto exchange orcrypto trading platform that supports this cryptocurrency. Before purchasing, participants should research the reputation, security measures, trading fees, and supported payment methods of the exchange (or trading platform) they choose.
How to buy Cronos in the U.S.?
Cronos, unfortunately, is not available for purchase by CEX.IO customers from the U.S. at the moment. The good news is that individuals interested in obtaining cryptocurrencies can choose from a plethora of exciting projects.
For example, CEX.IO provides detailed insights into available currencies for U.S. residents. Customers can check thesupported currencies for U.S. customers on our Help Centre.
FAQ
What is the cheapest way to buy Cronos?
The cheapest way to buy Cronos depends on various factors, like fees, exchange rates, minimum purchase amounts, and selected payment methods. Because of that, users should conduct thorough research and bear in mind that the "cheapest" solution may not always be the best for their needs.
Is it safe to buy Cronos?
The safety of purchasing Cronos, as with any other cryptocurrency, depends on the user's risk tolerance, knowledge of the market, and the chosen platform. It is vital to conduct thorough research and be cognizant of the potential risks involved and pathways to mitigate these risks before the purchase.
What are the fees to buy Cronos?
The fees to buy Cronos can vary depending on the selected crypto exchange or trading platform. Users should review the fee structure of the chosen platform before making a purchase to better understand the costs involved. CEX.IO’s transaction fees may be found on theLimits and Commissions page.
How to buy CRO with a bank account?
This process of buying CRO with a bank transfer usually requires linking a user's bank account to a cryptocurrency exchange or trading platform to deposit funds and then make purchases. While this functionality is available viaCEX.IO Wallet, remember to verify that bank transfer transactions are available in your jurisdiction.
