Are you looking to invest in the cryptocurrency market? If so, you may have heard of CRO, a popular exchange token that has seen a dramatic increase in value this year. But where can you buy, sell, and trade CRO? In this comprehensive guide, we'll explain everything you need to know about CRO and how to get started trading it. CRO is a cryptocurrency token created by the Crypto.com platform. It is used as an intermediary settlement layer between assets using CROs.
The token has nearly quadrupled in value in November, dramatically outperforming the cryptocurrency market overall. It is built on the Ethereum (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function. The total supply of CRO is limited to 30 billion coins (after the 70 billion CRO burned in 2020), all of which were created when the blockchain went live, making it a non-minable cryptocurrency. Holders of the CRO currency will enjoy advantages such as discounted commissions, higher profits on loans and priority services.
Commissions are capped at 0.40 and decrease with high trading volume or a significant holding of the CRO currency. This flexibility allows users from various countries to easily buy cryptocurrencies with their local currency. There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies. And to find the right one for you, you'll need to decide which features matter most to you.
Do you want a platform with extensive list of supported cryptocurrencies? Do you need support for a cryptocurrency ecosystem? Or do you want tools and APIs for developers building with cryptocurrencies? Remember that the cryptocurrency market is volatile and these investments are considered high risk, so invest only the money you can afford to lose. Assets are volatile and subject to large price swings due to government actions and news. A long-term buy-and-hold approach can help navigate the often choppy waters of cryptocurrencies. A five- or even ten-year perspective on your investments makes it easier to avoid short-term speculation and ride out market fluctuations.
It also encourages you to spend time choosing tokens that you believe will perform well over the long term. If you want to sell your CRO on a centralised exchange, browse to your CRO position in your wallet. While Coinbase doesn't offer the most affordable prices or the lowest commissions, its simple platform is easy enough for complete beginners to master in as little as one trade. We update our CRO price to USD in real time. Guides and explanations for your cryptocurrency questions The best self-hosted cryptocurrency wallet Spend cryptocurrencies, earn cryptocurrency rewards Buy, sell and spend cryptocurrencies on the world's most trusted cryptocurrency exchange Cryptocurrency solutions for institutional investors, family offices and businesses Allow users to buy, sell and store cryptocurrencies Tools and APIs for developers building with cryptocurrencies The week's top cryptocurrency news, delivered straight to your inbox A selection of cryptocurrencies in the top 50 by market capitalisation. Find out how specific cryptocurrencies work and get a taste of each crypto to try it out for yourself. Ultimately, only you know your investment strategy and risk tolerance.
However, there are several exchanges that do not list native tokens on other platforms, so CRO is not as easy to buy as other popular cryptocurrencies. Find an exchange to buy, sell and trade CROs by comparing deposit methods, supported fiat currencies and fees.