Crypto.com App now lets users purchase crypto with Apple Pay

Crypto.com users can now purchase crypto with Apple Pay in the Crypto.com App, the retail crypto exchange said in a statement on Friday. In an announcement, Crypto.com said that it has teamed up with Apple to simplify investing and lets users make in-app purchases seamlessly and securely from the Crypto.com iOS App on iPhone.

Currently used by over 50 million users, Crypto.com already allows its customers to buy and sell more than 250 cryptocurrencies using credit cards and debit cards. The new app lets Crypto.com users grow their holdings with the convenience that comes with Apple Pay.

With the addition of Apple Pay, Crypto.com users with iPhones will now have the ability to buy crypto quickly and securely using Apple Pay. However, the crypto exchange giant said that “the current credit and debit card fees and trading limits for crypto purchases will continue to apply.”

How does it work?

Using Crypto.com App is fairly simple and straightforward. To use the new Crypto.com App, users must first add their credit/debit card to Apple Wallet on iPhone. “After adding their bank card to Apple Wallet, users will be able to use Apple Pay as a quick and secure way to make crypto purchases in the Crypto.com App,” Crypto.com explained on its website.

How to purchase crypto with Apple Pay?

To make a crypto purchase using the Crypto.com App. All you have to do is to follow the 5-step instruction below.

1. Tap Trade on the homepage in the Crypto.com App

2. Tap Buy and select a cryptocurrency

3. Under Cash, select Apple Pay and tap the Buy button again

4. Tick the checkbox to accept the 2.99% processing fee for card purchase and tap Continue

5. Tap Confirm to complete the purchase via passcode, Face ID, or Touch ID

“Once the purchase is complete, the balances will be updated accordingly in users’ Crypto Wallet and they will also be able to check their transaction history in the App,” Crypto.com said.

Founded in 2016 as Monaco by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, the Singapore-based Crypto.com is a pioneer of payments and cryptocurrency with a mission to accelerate the world’s transition to cryptocurrency. In 2018, the crypto startup rebranded to Crypto.com following the purchase of a domain name Crypto.com.

In May, Crypto.com reported it has grown to over 50 million users, what’s more than a fivefold increase from the last time Crypto.com disclosed its user stats. Two years ago, Crypto.com CEO Kris Marszalek said he expects the number to hit 100 million by year-end. The startup is working towards this goal with its portfolio of consumer products, including the Crypto.com Wallet & Card App, the MCO Visa Card, Crypto Invest, Crypto.com Chain, as well as Crypto Credit.