How to Purchase CRO Coin: A Comprehensive Guide
Are you interested in purchasing CRO coin, but unsure of where to start? Look no further! This guide will walk you through the process of buying CRO coin, covering various aspects such as the history of CRO, its use cases, and the best platforms to purchase it. By the end of this article, you’ll be well-equipped to make an informed decision and start your journey into the world of CRO coin.
Understanding CRO Coin
CRO coin, also known as Crypto.com Coin, is the native cryptocurrency of the Crypto.com platform. Launched in 2016, Crypto.com has grown to become one of the largest cryptocurrency exchanges in the world. CRO coin serves multiple purposes, including facilitating transactions on the platform, earning rewards for users, and providing governance rights to token holders.
Why Purchase CRO Coin?
Before diving into the purchasing process, it’s essential to understand why you might want to buy CRO coin. Here are some reasons why you might consider purchasing CRO coin:
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Access to the Crypto.com platform: CRO coin is required to access certain features on the Crypto.com platform, such as earning interest on your crypto assets or using the platform’s credit card.
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Participation in governance: As a CRO coin holder, you can participate in the governance of the Crypto.com platform, including voting on proposals and changes to the platform.
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Discounts and rewards: CRO coin holders receive discounts on transaction fees and other services on the Crypto.com platform, as well as rewards for holding and using the coin.
Where to Purchase CRO Coin
Now that you understand why you might want to purchase CRO coin, let’s explore the various platforms where you can buy it:
1. Crypto.com Exchange
The most straightforward way to purchase CRO coin is through the Crypto.com exchange. Here’s how to do it:
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Sign up for a Crypto.com account and verify your identity.
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Deposit your preferred fiat currency or cryptocurrency into your Crypto.com exchange wallet.
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Go to the trading section and select CRO from the list of available cryptocurrencies.
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Enter the amount of CRO you want to purchase and confirm the transaction.
2. Other Cryptocurrency Exchanges
Several other cryptocurrency exchanges offer CRO coin for purchase. Some popular options include:
| Exchange | Available Currencies | Website |
|---|---|---|
| Binance | CAD, USD, EUR, GBP, JPY, KRW, etc. | www.binance.com |
| Bitstamp | USD, EUR, GBP, JPY, SGD, etc. | www.bitstamp.net |
| OKEx | CAD, USD, EUR, GBP, JPY, etc. | www.okex.com |
Follow the same general steps as outlined above for the Crypto.com exchange to purchase CRO coin on these platforms.
Storing Your CRO Coin
After purchasing CRO coin, it’s crucial to store it securely. Here are some options for storing your CRO coin:
1. Crypto.com Wallet
The Crypto.com wallet is a convenient option for storing your CRO coin. It’s available as a mobile app and a web wallet, allowing you to access your coins from anywhere. To store your CRO coin in the Crypto.com wallet:
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Log in to your Crypto.com account.
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Go to the wallet section and select CRO from the list of available cryptocurrencies.