How Can I Buy HBAR on Crypto.com?
January 30, 2025
To purchase HBAR (Hedera Hashgraph) on Crypto.com, you need to follow a series of steps that make the process straightforward. This guide provides a detailed overview of how to buy HBAR, along with tips to help ensure a successful transaction.
Creating and Verifying Your Crypto.com Account
Before you can buy HBAR,you need to create an account on Crypto.com. The platform has become increasingly popular due to its user-friendly interface and extensive range of cryptocurrencies. Here’s how to get started:
- Download the Crypto.com App: Available on both iOS and Android platforms, download the app to your smartphone.
- Sign Up: Open the app and sign up using your email address or phone number.
- Complete Verification: To comply with regulatory standards, Crypto.com requires users to verify their identity. You’ll need to provide:
- A government-issued photo ID (e.g., passport or driver’s license)
– A selfie for verification
– Additional personal details such as your address and date of birth
Onc your account is verified, you’re ready to fund it and make your first purchase of HBAR.
funding your Crypto.com Account
After your account is set up, the next step is to fund it. Crypto.com allows for various funding options which can include bank transfers, debit cards, or even cryptocurrency deposits. Here is how to proceed:
- Deposit Fiat Currency:
– Navigate to the “Fiat Wallet” section within the app.
– Choose the currency you want to deposit (e.g., USD, EUR).- Follow the instructions for linking your bank account or debit card.
- Deposit Cryptocurrency:
– If you already own other cryptocurrencies, you can transfer them to your Crypto.com wallet.
– Go to the “Crypto Wallet” section and select the currency you want to deposit.
- Copy the wallet address provided and use it to send cryptocurrency from another exchange or wallet.
keep in mind that funding your account may take some time, especially for bank transfers.
Buying HBAR on Crypto.com
Once your account has been funded, buying HBAR is simple. Follow these steps to complete your purchase:
- Go to the Crypto Section: Open the app and click on the ”Markets” tab at the bottom of the screen.
- Search for HBAR: Use the search bar to find HBAR. Select it to access the trading pair options.
- Choose Your Trading Pair: If you funded your account with fiat money, choose a trading pair like HBAR/USD. If using cryptocurrencies, select the appropriate pair (e.g., HBAR/BTC).
- Execute Your Order:
- Market Order: This order type allows you to buy HBAR at the current market price.Select the amount and confirm your purchase.
- Limit Order: If you wish to buy HBAR at a specific price, set a limit order to automatically buy when HBAR reaches that price point.
- Confirmation and Storage:
– Once the purchase is completed, you’ll receive a confirmation notification.
- Your HBAR will be stored in your Crypto.com wallet. You can choose to store your HBAR here or transfer it to a secure wallet for long-term holding.
By following these steps, you’ll successfully purchase HBAR on Crypto.com.
Tips for Buying HBAR
When investing in HBAR or any cryptocurrency, keep these tips in mind:
- Stay Informed: The cryptocurrency market can be highly volatile. Monitor news related to HBAR and market trends to make informed decisions.
- Use Two-Factor Authentication: Ensure your account security by enabling two-factor authentication on your Crypto.com account.
- Start Small: If you’re new to investing in cryptocurrencies,consider starting with smaller amounts until you become more cozy.
FAQs
How long does it take to verify my Crypto.com account?
Verification times can vary but generally take anywhere from a few minutes to a few hours, depending on the volume of applications.
Can I withdraw my HBAR to an external wallet?
Yes, you can transfer your HBAR to any external wallet that supports HBAR. Just ensure that you follow all withdrawal procedures and fees applicable by Crypto.com.What fees are associated with buying HBAR on Crypto.com?
Crypto.com typically charges a trading fee based on your monthly trading volume. Make sure to check the latest fee schedule in the app to understand the costs involved.
By following the steps outlined above, buying HBAR on Crypto.com can be a seamless and rewarding experiance. Always do thorough research before purchasing any cryptocurrency to make informed decisions.