As Bitcoin continues to break new barriers to redefine its all-time-high prices, the flagship cryptocurrency has become one of the most sought-after instruments among individuals and corporates alike. In the present scenario, Crypto.com offers a variety of options for users to invest in the digital gold and benefit from the potential riches Bitcoin can bring to them.
Crypto.com is one of the leading cryptocurrency platforms whose products include multi-currency wallet, exchange platform, spot and margin trading, liquidity mining and more. Investing in Bitcoin on the Crypto.com app is easy as well as flexible process, designed particularly to suit the needs of different types of investor preferences.
Here are some of the methods to acquire Bitcoin this new year on Crypto.com
The quickest method to purchase Bitcoin or any other cryptocurrency on the app is to go to the “Buy” section by tapping on the Crypto.com logo. Users can choose Bitcoin from the extensive list of available cryptocurrencies; enter the amount they wish to purchase and make payment. They can complete the purchase by either paying through their credit cards, altcoins stored in the Crypto.com wallet or through the in-app wire transfer funded fiat wallet.
Once the purchase is completed, the amount of BTC purchased will be available in Crypto.com’s BTC wallet, for use or to hold until the asset’s price hits the moon.
Those wishing to gradually bolster their BTC portfolio, without spending a lot at one go can opt for the “Recurring Buy” option. It provides a convenient way to acquire crypto assets at desired frequency, without having to manually complete the transaction each time. The “Recurring Buy” option automates BTC purchases for as low as $50 on the Crypto.com app on a weekly, bi-weekly or monthly basis.
In addition to convenient purchases, opting for Recurring Buy also helps users reduce the impact of volatility on the overall purchase of Bitcoin (or other cryptocurrencies) by dividing up the total amount to be invested across periodic purchases.
The Crypto Earn feature on Crypto.com allows users to stake their Bitcoin on the platform for a certain period of time and earn returns on it. With flexible, one month, and three-month staking options available, the deposited cryptocurrency will accrue interest daily which will be deposited into the user’s BTC wallet at every 7-day intervals as earnings.
Depending on the cryptocurrency and staking duration, users can potentially earn up to 12% interest per year on Crypto.com’s Crypto Earn feature.
Recently Crypto.com included Bitcoin rewards to its Supercharger program where users could deposit Crypto.com’s native CRO tokens into the Supercharger pool for any preferred duration within the 30-day time period, known as the Charging Period. Once the Charging Period is over, depending on the liquidity provided by a user during that phase, they stand to receive reward tokens in BTC every day for the next 30 days aptly known as the Reward Period. However, with the Charging Period now over those who participated in the Supercharger will now start receiving BTC rewards.
Earlier this year, Crypto.com organized a Syndicate BTC Special Event to mark the official exit of its exchange platform from public beta. As a part of the program, those who staked CRO tokens on the exchange had $2 million worth of BTC allocated to them for purchase at a 50% discount. The amount of BTC made available at the discounted price was proportional to their CRO contribution.
This is not the end of it, as Crypto.com will continue to offer attractive ways to invest in different cryptocurrencies.
Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop…
Bitcoin continued to break the all-time high price records, while the Ethereum price rose to four-digits, which it has…
European football giants AC Milan are the latest major sporting institution to employ blockchain-based…
Send resources we should know about!
Never miss a thing! Sign up for our newsletter to stay updated.