Australia’s Premier Crypto Trading Platform
Buy Bitcoin, Ethereum, and 350+ cryptocurrencies with AUD
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CRYPTO.COM PRICE
Buy Bitcoin, Ethereum, and 350+ cryptocurrencies
Your crypto journey starts here
Buy crypto
Buy BTC, ETH, and other crypto easily via bank transfer.
Buy BTC, ETH, and other crypto easily
with
Price Alerts
Be notified on BTC, ETH, XRP prices, and more.
Recurring Buy
Grow your portfolio automatically with daily, weekly, or monthly trades.
Scan to join our 100M+ users
Get started today
Join our 100M+ users
Get started today
Buy crypto
Buy BTC, ETH, and other crypto easily via bank transfer.
Buy BTC, ETH, and other crypto easily
with
Price Alerts
Be notified on BTC, ETH, XRP prices, and more.
Recurring Buy
Grow your portfolio automatically with daily, weekly, or monthly trades.
Join our 100M+ users
Get started today
OUR VISION
Cryptocurrency in Every Wallet™
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Frequently Asked Questions
Cryptocurrency is a digital or virtual currency that operates on distributed ledger technology called a blockchain and uses cryptography for security. It is decentralized and operates independently of a central bank.
Unlike traditional currencies, cryptocurrencies are not backed by a physical commodity or government, and their value is determined by market demand and supply. Cryptocurrencies can be used to buy goods and services, transfer funds, and trade in markets. Popular cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, and Cronos.
Many cryptocurrencies, like Bitcoin, are created through a process called mining, which involves solving complex mathematical equations to validate and record transactions on a blockchain. This mechanism is also called Proof of Work (PoW). Another consensus mechanism that has increased in popularity — as it is more energy efficient — is Proof of Stake (PoS). Instead of mining, PoS relies on network participants validating transactions. Ethereum, the second-largest cryptocurrency, uses this consensus mechanism.
Unlike traditional currencies, cryptocurrencies are not backed by a physical commodity or government, and their value is determined by market demand and supply. Cryptocurrencies can be used to buy goods and services, transfer funds, and trade in markets. Popular cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, and Cronos.
Many cryptocurrencies, like Bitcoin, are created through a process called mining, which involves solving complex mathematical equations to validate and record transactions on a blockchain. This mechanism is also called Proof of Work (PoW). Another consensus mechanism that has increased in popularity — as it is more energy efficient — is Proof of Stake (PoS). Instead of mining, PoS relies on network participants validating transactions. Ethereum, the second-largest cryptocurrency, uses this consensus mechanism.
There are several ways to buy cryptocurrencies, including:
- Brokerage services: Crypto brokers allow users to simply buy and sell cryptocurrencies. A popular example is the Crypto.com App, trusted by over 100 million users. It is available at the Apple Store and on Google Play.
- Cryptocurrency exchanges: These are online platforms where users can buy, sell, and trade cryptocurrencies using fiat currency or other cryptocurrencies. They offer more complex functions compared to a crypto brokerage, adding trading instruments like crypto derivatives.
- Peer-to-peer (P2P) marketplaces: These are platforms where buyers and sellers can directly trade cryptocurrencies without the involvement of a third-party exchange. This is also known as DeFi, short for decentralized finance. Multiple P2P crypto marketplaces can be accessed all in one app via the Crypto.com DeFi Wallet.
To buy crypto, follow these general steps:
- Choose a crypto platform to use, like the Crypto.com App.
- Create an account on the chosen platform by providing personal information and ID verification, also known as ‘Know Your Customer’ (KYC) procedures.
- Deposit fiat currency or another cryptocurrency into the newly created account. The Crypto.com App supports bank transfers, credit cards, debit cards, and cryptocurrency transfers to buy crypto, depending on region.
- Navigate to the ‘Buy’ section of the Crypto.com App and select the crypto to buy.
- Enter the amount of cryptocurrency to buy and confirm the transaction.
- The crypto will be deposited into the account. From here, it can be transferred to other crypto wallets or converted back to fiat currency and paid out to a bank account.
To trade cryptocurrency, follow these general steps:
- Choose a cryptocurrency exchange that supports trading in your jurisdiction.
- Create an account on the chosen platform and perform ID verification, known as KYC (‘Know Your Customer’).
- Deposit funds into the newly created account using a supported payment method.
- Navigate to the trading section of the platform and select the cryptocurrency pair to trade.
- Choose whether to buy or sell the cryptocurrency, and enter the amount to trade.
- Set the preferred price and order type. There are several types of orders, including market orders, limit orders, stop orders, and crypto options, which allow users to buy or sell at a specific price or under certain conditions.
- Submit the trade order and wait for it to be executed. Depending on market conditions, the trade may be filled immediately, or it may take time to be filled.
- Monitor trades and adjust strategies as necessary.
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Users can earn rewards on their cryptocurrency holdings through various products that offer rewards-bearing accounts or lending services. Here are some ways to earn rewards on cryptocurrency:
- The Crypto.com App, and DeFi Wallet offer different ways to earn rewards on crypto.
- Create an account on the chosen platform and deposit cryptocurrency holdings into the rewards account.
- Depending on the platform, users may earn rewards through lending their cryptocurrency to other users or by locking up their cryptocurrency for a period of time.
- Some products offer fixed reward rates (e.g., the Crypto.com Visa Card), while others may offer variable rates that depend on market conditions (e.g., the 'Earn' feature in the Crypto.com DeFi Wallet).
- Monitor rewards and adjust strategies as necessary.
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