Cronos (CRO) is the 35th largest cryptocurrency by market cap, valued at US$3,417,260,275.
Cronos is a highly volatile asset capable of major price swings in a single day. Today CRO is trading for $0.128068 USD, which is higher than yesterday's trading price of $0.1259187681 USD. Over the past year, Cronos's price has seen an increase of 85%.
So before you buy Cronos, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Cronos.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Cronos in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy Cronos is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Cronos
You can now exchange your funds for Cronos. On beginner-friendly exchanges, this is as simple as entering the AUD or CRO amount you want to purchase and clicking "buy".
Secure your Cronos
Consider transferring your CRO to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy Cronos in
Australia
Find an exchange to buy, sell and trade CRO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Cronos guide up-to-date
CRO price data is regularly updated through data feeds so you always have the latest information.
What is Cronos?
Crypto.com Coin (CRO) is the native coin of the Crypto.com blockchain. Initially launched as an ERC-20 rewards token on the Ethereum network, CRO has since been migrated to the platform's network.
While Crypto.com is itself a cryptocurrency exchange, Crypto.com Chain aims to help solve blockchain usability issues, giving merchants the ability to accept cryptocurrency as a means of payment. CRO is at the centre of crypto.com's ecosystem of products.
Crypto.com Chain aims to allow businesses and individuals to checkout, invoice and pay for goods and services using CRO, stable coins and fiat through the Crypto.com wallet app.
CRO was launched in 2018. Its unique features include giving you the ability to stake your coins for rewards on the exchange or within the company's DeFi wallet through a listing of blockchain validators. You can also get a cashback percentage by paying select merchants in CRO.
CRO is also available on the company's DeFi Swap. The platform's incentive program is powered by CRO and includes contributing to liquidity pools for staking rewards.
How do I find the best places to buy Cronos?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Cronos?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Cronos.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing CRO with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Cronos?
Once you've created an account, you will need to deposit funds to buy CRO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy CRO:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase CRO by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for CRO on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Cronos?
The easiest way to buy CRO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying CRO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Cronos has been performing recently.
Best Cronos wallets to store your CRO
You can keep your CRO on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your CRO below.
November 2021: Crypto.com secured naming rights to the Los Angeles based Staples Center with the 20,000 seat venue being renamed Crypto.com Arena. Crypto.com will pay $700 million over 20 years for the landmark deal. The name change was the first in the venue's 22 years of operation and came into effect on December 25th, 2021.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Cronos a good investment?
The price of CRO is influenced by a number of factors. Investors should be aware of risks, including high volatility, generally associated with cryptocurrencies before making a purchase.
CRO is the native token powering the Crypto.com ecosystem. As such, CRO's price is correlated with the adoption of the Crypto.com exchange and the underlying blockchain.
CRO is used as a way to reward participants through various staking schemes and cashback offers via the company's credit cards and merchant solutions.
While CRO and the Crypto.com Chain aim to solve a number of usability problems associated with accepting cryptocurrency as a means of payment, it is yet to be seen if the company's unique solutions will translate into increased adoption.
Today's Cronos price versus ATH
Compare today's price of Cronos ($0.128068 USD) against its all-time-high price of $0.965407 USD on 24 November 2021. The closer the bar is to 100%, the closer CRO is to reaching its ATH again.
Cronos's price: $0.128068 USD ATH date: November 24, 2021
13.27%
Cronos ATH: $0.965407 USD
How to trade, convert or sell Cronos
You can convert or sell your CRO with the same exchange you bought it through:
Sign in to the exchange you have CRO on.
If you store your Cronos in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of CRO you'd like to convert or sell.
Confirm the sell price and fees and close your sale of Cronos.
Complete your transaction and move your CRO to a crypto wallet for storage.
Disclaimer: Cryptocurrencies, including Cronos, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CRO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Cronos or any other cryptocurrency discussed.
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