Wondering how Crypto.com fees work? In this guide, we will walk you through the different fees you will pay for trading, funding your account, requesting a withdrawal, and more.
Before you get started, it will be helpful to know exactly what fees you will be paying, so you can compare them with other prediction market sites. All prediction market sites have different pricing structures, so it’s worth exploring the fees beforehand.
Thankfully, we found the fees at Crypto.com to be reasonable and 100% transparent.
Facts
Before you start trading on Crypto.com sports markets, you should get a handle on the various fees. You would be forgiven for only considering the taker and maker fees, but in reality, there are plenty more fees to keep in mind.
Don’t worry, we have spent a great deal of time scouring the website and T&Cs for all the necessary fees, so take a look below at what we found:
Trading Fees
We noticed a clear fee structure during our Crypto.com prediction markets review. Under the trading fees bracket, there are several fees to take notice of. Crypto.com uses taker and maker fees, which are determined by the 30-day trading volume. For instance, on high-volume trades, there are zero fees. This tends to be the case when trading volume hits $10 million.
| Level | 30-Day Volume | Taker Fee | Maker Fee |
| Level 1 | < 10,000 | 0.500% | 0.250% |
| Level 2 | 10,000+ | 0.400% | 0.200% |
| Level 3 | 50,000+ | 0.250% | 0.150% |
| Level 4 | 250,000+ | 0.200% | 0.100% |
| Level 5 | 500,000+ | 0.180% | 0.080% |
Deposit and Withdrawal Fees
Deposits are entirely free, as Crypto.com doesn’t apply fees for funding your account. However, when it comes to withdrawals, your fees will vary depending on your chosen cryptocurrency. For example, if you opt for using Bitcoin on the Crypto.com app, then your withdrawal will be subject to a 0.0004 fee and a 0.0008 minimum withdrawal. At the time of writing this, the 0.0004 BTC fee works out at around $29.72.
It’s worth noting that the displayed fees on the Crypto.com website are subject to change and are an estimate of the transaction fees. The actual withdrawal fees may vary, depending on other factors, such as network congestion.
Margin Fees
Margin fees are applied whenever you trade with more funds than what you have in your wallet. This is achieved by borrowing funds to allow you to continue trading. The margin fees use the same fee structure as trading fees; however, there are added interest charges. The interest rates will vary, depending on the asset and the amount you borrowed. For example, there are lower rates for USDT compared with other cryptocurrencies.
Credit/Debit Card Fees
If you don’t own any crypto, then you can buy some using your traditional bank card directly on Crypto.com. You may incur fees on this transaction, which are determined by your bank and region. On average, these fees tend to be around 2.99%. However, while there isn’t a Crypto.com sign-up bonus, we did find that Crypto.com sometimes waives these fees during a promotion.
Let’s face it, no one likes to pay fees if there’s a way out of it. While the fees can’t exactly be removed, there are ways you can either avoid them or reduce them slightly. Here are a few tricks we picked up on that can help you to pay fewer fees:
Look out For Promotional Periods
If you are going to be buying cryptocurrency on Crypto.com, make sure you check the website or app for any promotions. While there are fees attached to your purchase, these are occasionally removed at the courtesy of Crypto.com. It’s an irregular promotion, but it’s always worth double-checking before you proceed.
Withdraw Using ACH Bank Transfer
Did you know that requesting a payout via ACH Bank Transfer will allow you to completely skip any withdrawal fees? Not only are ACH payouts seamless, but they are also completely fee-free for USD. It might not be the quickest option, delivering your funds in up to 3 business days, but it’s up to you to weigh up the pros and cons of having no fees.
Don’t Use an External Wallet
If you want to skip withdrawal fees even further, tap the ‘Withdraw to App’ button. When you send crypto to an exchange or crypto wallet, this usually comes with a transaction fee. If you get a payout directly to the Crypto.com app, you will bypass the fees entirely. This is certainly something to consider if the fees are a deal-breaker for you.
Track the Value of Crypto
Most cryptocurrencies are not stable, meaning that the value fluctuates consistently. As such, when it comes to making a deposit or withdrawals, it’s always best to time them as well as you can. For example, while there’s a 0.0004 BTC fee on payouts, this has risen to $50 in previous weeks, while it’s currently sitting at just over $29 at the time of writing this.
Crypto.com is a leading prediction market site with various fees to pin down before you get started. To help you weigh things up, here’s a breakdown of the key pros and cons:
Pros and Cons - Clear pricing structure
- No hidden fees
- Fee-free withdrawal options
Read More About Crypto.com
Conclusion: Crypto.com’s Fees Are Reasonable and Clear
As we reach the end of this guide, we have got you up to speed on the Crypto.com pricing and fee structure. We have shone a light on the trading and making fees, withdrawal fees, and so on, so you can get started without any surprises. The great thing about Crypto.com is that the fees are 100% transparent, so there are never any hidden fees to worry about. While some fees may fluctuate depending on external factors, such as network congestion, this is something crypto traders will be familiar with.
If you want to bypass any fees, we have also provided you with a few tips on how to minimize them as much as possible. So, if you are now ready to go, why not tap the promotional banners on this page to create a Crypto.com account today?
- 💰 What is the difference between Crypto.com taker and maker fees?
Taker fees are applied when your event contract is paired immediately with another user, meaning that your contract is completed. Meanwhile, if you aren’t paired straightaway, there will be a maker fee to ‘reserve’ it.
- 🏦 Is there a deposit fee at Crypto.com?
No, Crypto.com doesn’t apply any fees to your deposits. This is the case regardless of which cryptocurrency you use, so you can use 100% of your deposited funds.
- 📈 Do Crypto.com fees fluctuate?
While the taker and maker fees are fixed percentages, withdrawal fees are subject to change. Crypto.com gives you a rough estimate of the payout charges, but these are subject to change depending on external factors, such as congestion on the network. You should be informed of any changes to the fees as you proceed with your payout request.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.