How to trade on Crypto.com exchange? Graphic transaction process

After creating an account, funding it, and selecting the desired cryptocurrency, traders can place a trading order by choosing the order type (Market, Limit, or Stop-Limit), specifying the amount and price/limit, and executing the trade through the "Buy" or "Sell" options.

Nov 26, 2024 at 03:42 pm

How to Trade on Crypto.com Exchange: A Comprehensive Graphic Transaction Process

Step 1: Create a Crypto.com Account

• Visit the Crypto.com website.
• Click on "Sign Up" in the top right corner.
• Provide your email address, create a password, and agree to the terms and conditions.
• Verify your email address and phone number.

Step 2: Fund Your Account

• Log in to your Crypto.com account.
• Click on "Buy Crypto" in the top right corner.
• Select the desired currency and payment method.
• Enter the amount you wish to deposit and follow the on-screen instructions.

Step 3: Find the Crypto You Want to Trade

• Click on "Markets" in the top menu bar.
• Browse the available cryptocurrencies or use the search bar to find the specific crypto you want to trade.

Step 4: Place a Trade Order

• Click on the "Trade" tab for the desired crypto.
• Select the order type (e.g., Market, Limit, Stop-Limit).
• Enter the amount, price, and any other relevant order parameters.
• Click on "Buy" or "Sell" to submit your order.

Step 5: Manage Your Open Orders

• Click on "Orders" in the top menu bar to view your open orders.
• Here, you can monitor the status of your orders, cancel or modify them if necessary.

Step 6: Settlement

• Once your order is filled, the crypto will be settled into your Crypto.com account.
• You can view your balance in the "Wallet" section.

Step 7: Withdraw Your Crypto

• To withdraw your crypto, click on "Withdraw" in the top right corner.
• Select the desired currency and enter the amount you want to withdraw.
• Provide the withdrawal address and follow the on-screen instructions.

Detailed Explanations for Each Graphic Transaction Process:

Step 1: Creating an Account

• By clicking on "Sign Up," you initiate the account creation process.
• Enter your email address and create a strong password.
• Agree to the terms and conditions outlined by Crypto.com.
• Verify your email address and phone number to ensure account security and comply with regulatory requirements.

Step 2: Funding Your Account

• Once logged in, click on "Buy Crypto" to initiate the deposit process.
• Select your preferred currency (e.g., USD, EUR, GBP) and payment method (e.g., bank transfer, credit/debit card, third-party payment providers).
• Enter the amount you wish to deposit and follow the on-screen instructions provided for your chosen payment method.

Step 3: Finding the Crypto to Trade

• Click on "Markets" in the top menu bar to access the available cryptocurrencies.
• Browse the list or use the search bar to find the specific crypto you want to trade (e.g., Bitcoin, Ethereum, Litecoin).
• Each cryptocurrency page provides an overview of its price, trading volume, and historical charts for informed decision-making.

Step 4: Placing a Trade Order

• Under the "Trade" tab of the desired crypto, select the order type that best suits your trading strategy:

  • Market Order: Executes your order at the current market price, ensuring immediate execution but with potential price variations.
  • Limit Order: Allows you to specify a desired price at which your order should be executed, enabling you to buy or sell at a predetermined price.
  • Stop-Limit Order: Combines features of stop orders (triggers an order when a specific price is reached) with limit orders (sets the execution price).
• Enter the amount of crypto you wish to buy or sell.
• Set the price or price limit depending on your order type.
• Click on "Buy" or "Sell" to submit your order to the exchange for execution.

Step 5: Managing Open Orders

• Click on "Orders" in the top menu bar to view your open orders.
• This section provides a real-time snapshot of all your active orders, including order type, price, amount, status (e.g., pending, filled, cancelled), and execution time.
• You can cancel or modify open orders by clicking on the respective buttons next to each order.