The price of Bitcoin has witnessed an all-time high (ATH), going past $30,000 and this current trend has led to a “greedy” market where more people are investing in Bitcoin. If you must invest in Bitcoin, then you must do it the right way.
Crypto.com is one of the leading cryptocurrency and payment platforms available to crypto investors and traders. It was founded in 2016 with the mission to promote the widespread adoption of cryptocurrencies. Crypto.com has over 53 million active users. The platform offers a noncustodial wallet that can be connected to the Exchange and card. If you have funds in the wallet, you can credit the Crypto.com Visa Card by submitting the USD amount. The transaction takes place on real-time exchange rates, and the card balance is settled in USD so that there is no volatility.
Crypto.com has one of the best set of options on how you can buy or invest in Bitcoin. In this post, we will provide you with the best ways to buy Bitcoin on Ccrypto.com. If you want to learn how to buy Bitcoin the best way, this post is for you. So, keep reading.
Best Ways To Buy Bitcoin
We must state categorically that these various ways to buy Bitcoin on Crypto.com do not follow any particular order.
This is one of the best ways you can buy Bitcoin on Ccrypto.com. It is the automation of BTC purchase on the Ccrypto.com App. You can automate it to buy weekly, bi-weekly, or monthly. The minimum amount of money that you can use for recurring buy is $50. Here, all you have to do is divide up the total amount that you want to invest across periodic purchases of Bitcoin.
This is a great way to minimize the impact of volatility on the overall purchase. The buy will take place at a regular interval, irrespective of the price of Bitcoin. You can set up the recurring Bitcoin buy on Crypto.com using a credit card, crypto wallet, and fiat wallet. The maximum number of recurring Bitcoin purchases you can execute per month is 5. You can set your purchase frequency in the format (day of the week, the first day of the month, last day of the month, or any day of the month).
Note that you can only set the amount of the scheduled purchase in the USD equivalent. The implication is that you will receive the amount of Bitcoin proportional to the USD on the rate when the scheduled purchase is executed. To know more about Recurring buy, click here.
Supercharger allows all Crypto.com App and Exchange users to earn BTC or DeFi coins. To be rewarded with BTC or Defi coins, these users must deposit CRO tokens into the Supercharger pool. Users will not be charged gas fees, and they can withdraw their rewards at any time of their choice. The Supercharger event for BTC started on 30 October 2020 and would last through 31 December 2020. Click here to read more about Supercharger on Crypto.com.
This is also one of the best ways to buy Bitcoin on Crypto.com. Crypto Earn is like your savings account where you deposit your money and earn interest. On Crypto Earn, you stake your cryptocurrency and earn interest. However, unlike your savings account, Crypto Earn pays a better interest rate (up to 8% p.a. for crypto and 12% p.a. for stablecoins). You are also provided with the flexibility to accommodate the way that you would like to save.
There are three available staking durations that you can choose from, and they include:
You can withdraw assets at any time and would earn 4% per annum for the duration.
- 1- month term
You will leave your assets for 1 month, with 6.56% interest per annum for the duration.
- 3- months term
Assets will be held for 3 months, and you will earn 8% interest per annum for the duration.
Note that without the CRO stake, your yearly interest will be reduced. This is a way to ensure that tokens remain on the platform.
You have seen the best ways to buy Bitcoin and the requirements attached to each of them. Now you have to decide on which one of them to pitch your tent. However, the crypto market is very volatile; hence you must do your due diligence before making any investment.