Introduction
Crypto.com has expanded its offerings beyond cryptocurrencies, allowing US users to trade over 5,000 stocks and ETFs directly through its platform. This service is facilitated by Foris Capital US LLC, a fully registered broker-dealer, blending traditional investing with the convenience of a crypto-friendly app.
In this guide, we’ll walk you through stock trading on Crypto.com, covering its features, benefits, and step-by-step instructions to get started.
What Are Stocks?
Stocks represent partial ownership in a company. When businesses seek capital, they may issue shares publicly, enabling investors to buy a stake in their assets and earnings. Key aspects include:
- Ownership Rights: Shareholders can vote on corporate decisions and receive dividends.
- Price Fluctuations: Stock values change based on company performance, economic trends, and market sentiment.
- Profit Potential: Investors earn through capital appreciation (selling shares at a higher price) and dividends.
👉 Learn more about stock market basics
Stock Trading vs. Crypto Trading
| Aspect | Stocks | Cryptocurrencies |
|---|---|---|
| Trading Hours | 9:30 AM–4:00 PM ET (weekdays) | 24/7 |
| Regulation | SEC/FINRA oversight | Decentralized, varying regulations |
| Volatility | Moderate, tied to fundamentals | High, driven by speculation |
| Settlement | T+1 (next business day) | Instant or minutes |
How to Trade Stocks on Crypto.com
Step 1: Set Up a Stocks Account
- Open the Crypto.com App and navigate to the Stocks tab.
- Tap Buy or Sell to initiate account creation.
- Complete verification (takes up to 3 business days).
Step 2: Fund Your Account
- Transfer USD from your Fiat Wallet to Stocks Cash (instant during market hours).
- Alternatively, sell crypto for USD to fund stock purchases.
Step 3: Place Orders
- Market Order: Executes immediately at current prices.
- Limit Order: Buys/sells at a specified price.
- Fractional Shares: Invest with as little as $1.
Fees and Features
- Zero Commissions: No fees for trades (regulatory fees may apply).
- Protections: SIPC-insured up to $500,000.
- Corporate Actions: Receive notifications for dividends or splits.
Buying Stocks with Crypto (Indirectly)
While direct crypto-to-stock trades aren’t allowed, you can:
1. Sell crypto for USD in your Fiat Wallet.
2. Transfer USD to Stocks Cash to purchase shares.
Advantages of Using Crypto.com
- Diversification: Access stocks and crypto in one app.
- Fractional Investing: Low entry barriers.
- Regulated Security: FINRA/SIPC membership ensures compliance.
FAQ
1. Can non-US users trade stocks on Crypto.com?
No, this feature is currently limited to US citizens.
2. Are there hidden fees?
Foris Capital charges no commissions but passes on regulatory fees.
3. How long do transfers take?
USD transfers between Fiat Wallet and Stocks Cash are instant during market hours.
4. Can I transfer stocks from another brokerage?
Yes, via ACAT transfers (eligible for bonus incentives).
5. Is SIPC protection reliable?
Yes, it covers up to $500,000 in securities.
Conclusion
Crypto.com’s stock trading service merges traditional finance with digital asset flexibility, offering commission-free trades, fractional shares, and robust security. While restricted to US users, it’s a powerful tool for diversified investing.
Disclaimer: This content is for educational purposes only. Crypto.com and Foris Capital US LLC are separate entities. Always consult a financial advisor before investing.