What are Bitcoin and the Bitcoin blockchain?
Bitcoin is a decentralized, peer-to-peer payment network and a completely digital form of money. Peer-to-peer means users can send value directly to each other without a bank or central authority.
Behind the scenes, Bitcoin uses a public ledger called the blockchain. The blockchain records Bitcoin transactions across the network. Bitcoin is also open-source, so its design is public and anyone can take part in the network.
How to swap Bitcoin in the Crypto.com App
In the Crypto.com App:
- Open the App and make sure your account is verified and funded.
- Go to the trade menu, then tap ‘Buy’ or ‘Sell’.
- Select Bitcoin and the digital asset or fiat currency you want to exchange it for.
- Review the conversion rate.
- Confirm the swap.
Spread and other fees may apply.
What can you receive when you swap Bitcoin?
In the App, you can exchange Bitcoin for fiat currency or trade it against 400+ other supported tokens available on the platform.
Choose the asset or currency you want before confirming, then review the conversion rate and any applicable costs.
What changes after a Bitcoin swap?
A swap changes the asset you hold for the amount exchanged. If you swap Bitcoin into another asset or fiat currency, you give up that Bitcoin amount and receive the selected asset or currency in return.
Crypto assets are inherently risky, and high volatility can significantly impact the value of your holdings.
