How to Buy HBAR on Crypto.com: A Step-by-Step Guide?

If you are looking to invest in Hedera Hashgraph (HBAR),Crypto.com is a great platform to consider.Known for its user-amiable interface adn a wide range of cryptocurrencies, Crypto.com provides several advantages for both novice and experienced traders. In this guide, we will walk you through the process of buying HBAR on Crypto.com, ensuring you have all the data you need to make your purchase smoothly.

Setting Up Your Crypto.com account

before you can buy HBAR, the first step is to set up your account on Crypto.com. Follow these steps to get started:

Download the Crypto.com app: Available for both Android and iOS, the app is easy to navigate and secure.

Create your account: Open the app and click on “Sign Up.” You’ll need to provide your email address, set a password, and verify your email.

Complete KYC verification: To comply with regulations, Crypto.com requires users to undergo Know Your Customer (KYC) verification. You will need to provide identification documents like a passport or driver’s license.

Secure your account: Enable two-factor authentication (2FA) for an added layer of security.

Funding Your Account

After setting up your Crypto.com account,you’ll need to deposit funds before you can buy HBAR. Here’s how to do it:

Deposit Fiat Currency: you can deposit fiat into your Crypto.com account through bank transfers, credit/debit cards, or various third-party payment methods.
Deposit Cryptocurrency: If you already own cryptocurrencies, you can transfer them to your crypto.com wallet.

To deposit:

Open the app and navigate to the “accounts” tab.

Select ‘Fiat Wallet’ or ‘Crypto Wallet’ based on your funding choice.

Click ‘Deposit’: Choose your method (bank transfer, card, etc.) and follow the instructions.

– For card deposits,follow the prompts to enter your card details.
– For bank transfers, the app will provide you with necessary details like account number and reference ID.

Onc your funds are successfully deposited, you’re ready to buy HBAR.

Buying HBAR on Crypto.com

Now that your account is funded, follow these steps to purchase HBAR:

Go to the ‘Home’ tab in the app and use the search bar to find HBAR.

select HBAR: Tap on the HBAR icon to open its trading page.

Click on ‘Buy’: This will take you to the purchase options available.

Choose your amount: Enter the amount of HBAR you wish to buy or the equivalent amount in your fiat currency.

select your funding source: Choose the wallet that holds your deposited funds (either Fiat or Crypto Wallet).

review your order: Before finalizing your purchase, review the transaction details, including fees.

Confirm the purchase: Click ‘Buy HBAR’ to finalize the transaction. You’ll receive a confirmation once your purchase is successful.

Vital Tips When Buying HBAR

Be aware of fees: Crypto.com charges transaction fees. Familiarize yourself with these fees to avoid surprises.

Double-check wallet addresses: If you’re transferring HBAR to another wallet, ensure you’ve copied the correct address.

Advantages of Buying HBAR on Crypto.com

User-Friendly Interface: Easy navigation and streamlined purchasing process.
Security Features: Crypto.com employs industry-standard security measures, including 2FA.
variety of Payment Options: Flexibility to deposit fiat or crypto ensures convenience.

FAQs

what is HBAR?

HBAR is the native cryptocurrency of the Hedera Hashgraph platform, designed for fast and secure transactions with low fees.

Is it safe to buy HBAR on crypto.com?

Yes,Crypto.com utilizes robust security measures, including encryption and two-factor authentication, to help keep your investments secure.

Can I withdraw my HBAR after buying it?

Yes, after the purchase, you can choose to keep your HBAR in your Crypto.com wallet or withdraw it to an external wallet.

Are there any limits on buying HBAR?

Buying limits may apply depending on your account verification level and the payment method you choose. Always check your account restrictions for accurate information.

By following this guide, you can easily navigate the process of buying HBAR on Crypto.com. Make sure to stay informed about market trends and use credible sources for further information.Happy trading!