Main navigation

Best Ways to Buy Bitcoin on Crypto.com

Sponsored
Fri, 12/11/2020 - 14:03
article image
Vladislav Sopov
Amidst developing Bitcoin (BTC) euphoria, more and more crypto newbies are considering their first purchase of the orange coin. Here’s what Crypto.com (CRO) has to offer
Best Ways to Buy Bitcoin on Crypto.com
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents

Launched back in 2016, Crypto.com is a flagship crypto-to-fiat exchange globally. It was Crypto.com that invented the concept of crypto-backed credit cards. Thus, it should be named among the best places to buy Bitcoin (BTC) with fiat, stablecoins or other cryptos.

Buying Bitcoin (BTC) in 2020: merits and disadvantages

On Dec. 1 of this year, Bitcoin (BTC) revisited its all-time high of nearly $20,000. Amidst the nascent FOMO inspired by a bullish run, every correction is treated by some traders as another “buy-the-dip” opportunity. “Slap yourself…” memes now look neither like clickbait nor arrogant anymore. Thus, the space definitely needs reliable and intuitive ways to purchase cryptocurrencies.

Meanwhile, there are no rallies without brutal corrections. Analysts are warning about possible 30-40 percent drops. As such, it still takes strong hands and a cold mind to invest in Bitcoin (BTC).

Buying Bitcoin (BTC) with Crypto.com: basics

Crypto.com is a one-stop crypto purchasing and trading platform. At press time, it supports 80+ cryptocurrencies, including behemoths Bitcoin (BTC), Ethereum (ETH) and XRP, popular proof of stake (PoS) coins like Cardano (ADA), Tezos (XTZ) and Cosmos (ATOM) and, of course, red-hot DeFi monsters Yearn.Finance (YFI), Uniswap (UNI), Aave Protocol (AAVE) and Curve Finance (CRV).

Its stablecoin suite features Tether (USDT), True USD (TUSD) and all other liquid dollar-pegged assets. It supports seven fiat currencies: USD, EUR, CAD and so on.

Bitcoin (BTC), altcoins, and Crypto.com’s native token, Crypto.com Coin (CRO), can be purchased with credit cards, stablecoins and top cryptocurrencies in the Crypto.com App and Exchange.

Visa credit cards proudly powered by Crypto.com // Image by Crypto.com
Visa credit cards proudly powered by Crypto.com // Image by Crypto.com

To celebrate this much-anticipated bullish season, Crypto.com introduces three lucrative limited programs.

Buying Bitcoin (BTC) in 2020 with Crypto.com: top offerings

2020 Bitcoin (BTC) strategies by Crypto.com merge the benefits of old-but-gold investment methodologies (“Recurring Buy”), DeFi-inspired liquidity provision options (“Supercharger”) and passive income features (“Crypto Earn”).

Recurring buy: Bringing DCA to crypto

With the “Recurring Buy” mode activated, the exchange will automatically purchase a predetermined amount of crypto weekly, fortnightly or monthly. The minimum amount of BTC purchasing starts from $50. In a nutshell, Crypto.com introduces the popular “dollar-cost-average” strategy into cryptocurrencies trading. This method allows for the mitigation of the high volatility of cryptocurrencies’ rates.

Besides Bitcoin (BTC), users can buy CRO, ETH, LINK, BAND, VET, ADA, XRP, AAVE, YFI and UNI. In addition to paying by credit cards, stablecoins like USDT, USDM, TUSD, DAI, PAX and USDC, and fiat currencies like AUD, EUR, GBP and USD can be used to pay for “Recurring Buy”.

Staking (“freezing”) of Crypto.com’s native asset, CRO, upgrades the tier of a “Recurring Buy” participant by increasing his/her monthly limit.

Recurring Buy”: monthly limits for CRO stakers // Image by Crypto.com
"Recurring Buy”: monthly limits for CRO stakers // Image by Crypto.com

Supercharger: Liquidity mining with Bitcoin (BTC)

Supercharger is a one-click liquidity mining platform by Crypto.com. It distributes rewards between liquidity providers (users who “lock” their assets for a predetermined amount of time) for participation in liquidity pools.

On Nov. 29 of this year, the BTC phase of the Supercharger campaign commenced. It means that all stakers of CRO tokens in the Crypto.com liquidity pool will receive Bitcoin (BTC) rewards on Dec. 31. A total of $250,000 in Bitcoin (BTC) equivalent are reserved by Crypto.com for this promotion.

Crypto Earn: Deposit BTC, earn BTC

The “Crypto Earn” service allows tokenholders to benefit from their idle crypto. As with ordinary bank account deposits, clients can receive periodic payouts to deposit their assets into a dedicated mechanism.

A total of 35+ tokens, including stablecoins, are available for deposit programs. Once the deposit is confirmed, interest starts to accrue immediately. At press time, the maximum interest is about 12 percent in APY. Flexible, one-month and three-month “Crypto Earn” programs are active now.

Double-check the availability of the “Crypto Earn” service in your state or region // Image by Crypto.com
Double-check the availability of the “Crypto Earn” service in your state or region // Image by Crypto.com

Bitcoin (BTC) deposits are among the most popular due to high liquidity and wide adoption of the crypto king. The maximum APY ratio for Bitcoin (BTC) is 6.5 percent.

Bottom line

With its intuitive interface, no-or-low fees and wide range of assets available, Crypto.com provides its clients with the best opportunities to buy Bitcoin (BTC) in 2020.

All earning programs offered by Crypto.com in Q4, 2020, should be referred to as cutting-edge initiatives in the Bitcoin (BTC) world.

article image
About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)