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What is Cronos?

Cronos (CRO) is the native cryptocurrency of the Cronos Chain. Cronos Chain is one of the products offered by Crypto.com and is a decentralised open source blockchain. Crypto.com believes Cronos Chain will become one of the top 5 open source blockchains, with the ability to support DeFi, NFT and metaverse dApps. Previously named Crypto.com Coin, the rename aims to convey the decentralised nature of CRO and the growth of the Cronos ecosystem.

  • With the main goal of accelerating global adoption of cryptocurrency, Crypto.com have built a network of crypto projects, while also focusing on developing the ability for merchants to accept crypto as payment.
  • Cronos aims to be a high performing blockchain solution, which ensures seamless, cost-efficient and secure transactions between crypto users and merchants.
  • CRO is used as part of native settlement on the Cronos Chain and is used with their Visa debit card, app & other services.

Crypto.com believes that traditional fiat payment systems are built in a way that makes it difficult to embrace new innovative payment forms like cryptocurrency. They also believe that existing decentralised cryptocurrencies are not customised enough to provide a good alternative to traditional fiat networks. Through CRO, Crypto.com aims to revolutionise the way payments are accepted across the globe.

How do I swap Cronos?

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Learn more about Cronos

Why Should I Trade CRO with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Cronos no matter what your trading experience is. Unlike other international and Australian Cronos exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Cronos with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Cronos how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Cronos?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Cronos for free.

Cold Storage

If you are holding Cronos as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Cronos. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Cronos. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Cronos has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Cronos is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Cronos exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Cronos & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Cronos safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Cronos portfolio here.
Yes! With CoinSpot you can convert your Cronos to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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