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Author: Admin | 2025-04-28
Buy.Under Crypto, select a cryptocurrency to sell and tap Buy again.Review the transaction details and tap Continue.Confirm the transaction with a passcode or biometric verification.With several payment options, the Crypto.com App makes it easy for users to grow their holdings. Visit the Help Centre for comprehensive info on buying Bitcoin and other cryptocurrencies.Buying StrategiesPeople buy Bitcoin for a variety of reasons. Some are attracted by its decentralised nature, where no entity can interfere with its supply. Others use Bitcoin to hedge against inflation and other market risks, or as a means to send money. One of the most prominent reasons is the potential to turn a profit. When trading Bitcoin, buyers need to consider their objectives carefully. In doing so, they can determine the right strategy for their purchases. If the objective is trading, the buyer should aim for a low entry price — or the price of Bitcoin when the purchase is made — relative to the exit price, or the price of Bitcoin when it is sold. Simply, it’s the strategy of buying low and selling high. It requires ‘timing the market’ to buy at the lowest possible price, which can be risky, as no one can predict how the market will move. This is where trading tools come in. Buying at the Lowest PriceThe Target Price feature in the Crypto.com App allows users to place Buy and Sell Orders for Bitcoin when it hits a set price. They can buy Bitcoin at their preferred lower price and later sell it at a higher price automatically without having to track its price movements. This is extremely helpful since — let’s not forget — cryptocurrency trades 24 hours a day, seven days a week.Dollar Cost AveragingIf the buyer is looking to HODL, then the entry price does not matter as much. But buying a lump sum of any asset can be risky. To minimise the risk of price fluctuations, buyers can consider adopting the Dollar Cost Averaging (DCA) strategy, which involves purchasing smaller amounts of Bitcoin at regular intervals over time. The Recurring Buy feature in the Crypto.com App lets users do just that. They can buy as little as US$15 of Bitcoin and 160-plus other coins each time.How to Store CryptoAnother decision to make when buying Bitcoin is how it will be stored. Cold wallets are physical, offline devices that hold the private keys used to access the
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