How to Buy Crown (CRW) in 3 Simple Steps

5 Things to Consider if you Want to Buy Crown

Before you make your first Crown purchase, take a look at the following five considerations. They are vital for ensuring you have a smooth experience.

1. Carefully choose your preferred secure payment method

Cryptocurrency exchanges and brokers generally offer several secure payment options. What choices are offered to you specifically will depend on where you live. Every payment option has fees and costs, so make sure you consider that before you make a purchase. Some options may be fast, but the fees may be prohibitively expensive.

2. Will you need to set up your own wallet?

It is good practice to set up your own cryptocurrency wallet for storing your digital assets. Most crypto platforms automatically make web wallets for users. These third-party wallets are convenient for short-term storage, but they’re not recommended for long-term storage. If anything happens to the platform hosting the wallet (i.e. a security breach or hack), then you could end up losing all of your assets.

The only exception is if you’re purchasing financial derivatives like CFDs (Contract for Differences), options, and futures. You won’t need a wallet in such cases because crypto derivatives don’t require you to actually hold CRW tokens or any cryptocurrency.

3. Comparing costs

Most blockchains have fees and costs associated with transactions made on the network, so make sure you compare the fees on the Crown platform with other altcoin options. That said, cryptocurrency transactions are by design much cheaper than traditional alternatives. That’s why blockchain technology has the potential to completely overhaul foreign exchange and remittance services.

4. Safety and security

Every blockchain system has built-in protocols for safety and security. Crown uses a Proof of Stake consensus model to secure the network and protect it from hacks. It uses secure servers called nodes to provide scalability for applications that operate on the network. To qualify for a master node or system node position, users need to stake 10,000 CRW and 500 CRW respectively. Both types of nodes earn CRW tokens as an incentive for confirming new blocks and adding them to the blockchain.

The Crown platform uses a decentralised governance system to manage the network and make changes. Users who stake their tokens and operate a master node or system node earn the privilege to vote on platform proposals. If at least 10% of the network’s contributors support a proposal, then the project is funded.

Crown may not be the most popular altcoin on the market, but its blockchain has so far managed to remain secure. For increased security, combine Crown’s default security features with those offered by your chosen broker or exchange platform such as two-factor authentication and compatibility with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

5. Can you understand and navigate the platform?

Purchasing cryptocurrencies has become incredibly easy, but you should still take the time to learn how to navigate your chosen platform before you make a purchase. Take the time to explore the platform and learn how to use the wallet, how much the platform charges, and how long transactions take to complete. It’s not a bad idea to run a few dummy transactions to get a feel of how the system works before you make a big purchase.

What is the Best Payment Method for Buying Crown?

Platforms that facilitate the sale of Crown support multiple payment options. What options are available to you specifically will depend on your location. Below is a sample of some common payment methods.

Buying Crown With Paypal: PayPal is an option that’s available on many exchanges and broker platforms. It’s fast, secure and easy to use. You may need to link your PayPal account to a valid debit card or bank account before you can make payments. PayPal usually takes a percentage of the purchase amount in fees.

Buying Crown Using Bank Transfer: Bank transfer is another universally available payment option. It’s a relatively inexpensive way to buy Crown and typically has the lowest fees. Platforms may require you to verify your identity before you can use the bank transfer option.

Buying Crown By Crypto Deposit: Some platforms support crypto-to-crypto transfers, so it’s possible to buy CRW tokens using another cryptocurrency such as BTC or ETH. Purchases made via crypto deposit are affordable because cryptocurrencies generally have lower fees than traditional options.

Buying Crown Using Credit/Debit Card: Credit or debit card is an option available on many online platforms. Like PayPal, using a card is fast and efficient, but the fees can be substantial. Credit card payments in particular have fees that can range anywhere from 3% to 7% of the transaction amount depending on the platform. =

What Fees are Involved in Buying Crown?

There are always fees and costs associated with purchasing a cryptocurrency. These range from network fees charged by the blockchain to deposit/withdrawal fees charged by broker platforms. Some of these charges are:

• Transaction fees: Every broker and exchange platform charge transaction fees. These fees are usually small, but it’s a good idea to see how much it is before you execute a transaction.
• Processing fees: If you’re buying Crown using fiat money, then your chosen payment option likely has processing fees. PayPal, bank transfer, or credit/debit card—all options tend to attract some processing fees for transactions.
• Deposit fees: These are fees that are charged by crypto platforms and not the Crown platform. They typically vary depending on the currency you’re using. A good platform will be transparent about deposit fees.
• Withdrawal fees: Some platforms charge fees when users want to cash out. It’s not common, but it’s not unheard of either. It’s a good idea to only use platforms that don’t charge for withdrawals.

Safely Storing Your Crown

You need to acquire a good cryptocurrency wallet if you want to securely store your CRW tokens. There are many varieties to choose from, ranging from software to hardware wallets.

Web Wallet: These are browser-based wallets that are built into broker and exchange platforms. Crypto platforms automatically make these types of wallets for users when they sign up. They’re necessary for facilitating transactions and storage. Web wallets are convenient because of their accessibility, but they are the least secure storage option. Since they are hosted by third parties, you could end up losing your digital assets if the hosting server is hacked or goes out of business.

Mobile Wallet: These are wallets that are made for smartphones and tablets. They’re convenient because they guarantee access to your tokens as long as you have your phone with you. Mobile wallets have better security protocols than web wallets, but they also have risks. All the security features are useless if someone somehow manages to gain full access to your phone. A good mobile wallet option for storing Crown is the PolisPay Wallet, which is available on Android and iOS.

Desktop Wallet: Wallets that are designed for desktops generally have more security options than web or mobile wallets. They are less convenient since you need your PC or laptop to access them, but they offer superior security features such as two-factor authentication, private key encryption, and more. Good examples of desktop wallets for Crown include PolisPay and the QT wallet. The latter is required for staking CRW tokens.

Hardware Wallet: Hardware wallets are the most secure option because they offer “cold storage”. That basically means they are completely offline and aren’t susceptible to hacks and theft over the Internet. These types of wallets are the best option for the long-term storage of any cryptocurrency. Good examples of hardware wallets that support CRW tokens are Trezor Model One and Trezor T.

Wallet Combinations: It is possible to interlink wallets that are designed for different platforms for convenience and security. For instance, some web wallets are compatible with hardware wallets and allow users to quickly move their assets between the two wallets. You can use your interlinked wallets to check your balance and send and receive payments. Interlinking wallets is convenient, but it’s a technical process that may require research.

What Other Coins Can I Trade or Use to Buy Crown?

It is possible to buy Crown with Bitcoin or another cryptocurrency. In fact, it may be easier to acquire Crown in this way than with fiat money. Crown isn’t a popular altcoin, and it’s only available on a handful of cryptocurrency exchanges. It’ll be easier to find platforms that offer CRW/BTC trading pairs. However, please note that crypto-to-crypto transfers may incur fees, so make sure to compare the fees charged by an exchange before you execute a transfer.

What’s the Smallest and Largest Amount of Crown I Can Buy?

Crown was forked from Bitcoin, so like Bitcoin, it can be divided down to eight decimal points. That means you can either buy a whole CRW token or buy small amounts of Crown from exchanges.

Since it has such a small market capitalisation, it is possible to buy Crown without limit. The amount of CRW tokens you can buy ultimately comes down to how much fiat currency or cryptocurrency you’re willing to invest.

Can I Buy Crown Anonymously with no ID? Is it Safe and Legal to Buy Crown?

Compared to more popular cryptocurrencies, Crown has managed to fly under the radar. Unless your country has specific rules prohibiting digital currencies, it is perfectly legal to buy and hold CRW tokens.

It’s easy to find exchanges that facilitate a secure Crown purchase. However, these platforms will require you to verify your identity in order to comply with KYC and AML rules. That means it’ll be tough to buy Crown with no verification. The only way to buy Crown (CRW) anonymously is by purchasing it from another person. By taking crypto platforms out of the equation, you won’t have to follow KYC and AML rules, and you don’t need to give out your personal information. But this is a risky approach and not recommended.

Will Buying Crown Make Me Money?

No one can answer this question with 100% certainty. Cryptocurrencies rise and crash all the time. However, don’t let that discourage you from investing in CRW tokens. Some investors feel that Crown as a currency and blockchain platform has the potential of becoming a very valuable commodity in the future. Whether or not you should buy Crown today depends on how much faith you have in the project and your own research.

For more information on the best price to buy CRW tokens, check out our Crown Price Page.

How to Spend your Crown

Crown tokens are designed to function as a currency for products and services. They can also be traded against other altcoins and fiat currencies through online brokers. CRW tokens can be used to pay for external VPS hosting services, shopping, services, games, and more. Cryptocurrency payment processors like CoinPayments support CRW, so you can integrate it into your business if you want to start accepting Crown. There are also a handful of NFT projects that involve Crown.

How to Sell your Crown

The fastest way to sell Crown is through crypto exchanges. Find an exchange with trading pairs that include CRW, then convert your tokens to a more popular cryptocurrency like Bitcoin, Ethereum or Ripple. It should be easy to trade your newly acquired assets for fiat money through the same exchange or via Bitcoin ATMs.

Another alternative is to use CFDs. Due to the popularity of crypto trading, it is generally easier to off-load CFDs tied to Crown if you can find the right broker.