Crypto.com has been performing well since its launch in 2016, offering users the opportunity to buy, sell, or exchange crypto assets seamlessly. The addition of a sports trading feature has also helped draw more users' attention to the app - alongside their other categories including economics, politics, and culture.
However, Crypto.com fees are a major consideration for both new and existing users, especially now that the app has just reviewed its fee structure. In that light, this guide will explore some of the fees that you may incur while using the Crypto.com app for your sports trading activities. These include deposit, withdrawals, and trading fees.
Crypto.com Highlights
- Bet on major games with fast-settling outcome contracts
- Trade with fixed risk and transparent payouts
- Access real-time odds that move with market sentiment
Before being specific about the
Crypto.com app
fees, let’s give you a rundown of the entire fee structure of the app. The fact is that the app doesn't charge a single flat fee. Instead, the cost that you'll incur depends on your transaction type, which can include trading volume, the type of contract you enter, and sometimes the specific blockchain network involved. So far, the brand doesn't charge any fees for crypto deposits but charges for certain fiat and crypto withdrawals.
For USD fiat withdrawals, a fee of $45 is charged for SWIFT transfers and $15 for Fedwire transfers. Aside from the on-chain fees for crypto withdrawals, you may also incur some fees from Crypto.com depending on your preferred asset. However, in general, the app is built around a transparent pricing model, meaning you'll see all the costs involved for any transaction you wish to carry out before proceeding.
Be aware of the following important information and disclaimer for Crypto.com, which you can find
.
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If you wish to engage in
Crypto.com sports trading, then the fee per contract is one of the many things that you should understand. Unlike traditional sports betting sites, where you simply buy an amount and wait for the outcome, Crypto.com treats sports predictions like tradable financial contracts.
This means that every time you open or close a position, a small fee is applied to the transaction, including exchange and technology fees. Both of these fees are included in the price you pay when purchasing or deducted from what you get while selling a contract, so you don't have to worry about hidden fees later.
However, one important thing to note is that fees don't stay the same for every single trade. Factors such as the type of market you enter, the contract size, and how active the market is can determine the final cost. Having said that, here’s a table summarizing the fees that you may incur for all contract sizes at the time of writing this guide:
| Contract value | Open | Close before expiry | Settle (if your prediction comes true) |
Pros and cons
- Transparent fees
- Fees are displayed before transactions
- Low entry cost for small contracts
- Easy to understand fee structure
- High fees for large contracts
To wrap up this guide, it's clear that Crypto.com maintains a transparent fee structure, especially when it comes to sports event trading. The fees are shown for you to confirm before entering a trade, ensuring that there are no hidden fees whatsoever.
This openness enables users to trust the app, allowing them to plan their trades effectively and focus on making informed decisions without worrying about unexpected costs.
So, it doesn’t matter if you’re a newbie or an experienced trader; you’ll easily understand Crypto.com’s fee structure. For first-hand experience, you may want to check out the app. If that’s true, you’ll find its registration link on the banners of this page.
Prediction Trading is facilitated through Crypto.com | Derivatives North America (CDNA). Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com ) provide access to CDNA, a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), allowing users to trade derivatives in accordance with CDNA’s rules and regulations.
Crypto.com Highlights
- Bet on major games with fast-settling outcome contracts
- Trade with fixed risk and transparent payouts
- Access real-time odds that move with market sentiment
💰 Are There Any Hidden Fees on Crypto.com?
There are no hidden fees on Crypto.com. From our experience, all fees are usually displayed to users for them to confirm before taking a position.
📏 Can Contract Size Affect Crypto.com Fees?
Yes, contract size usually affects the fees that you incur on Crypto.com. As we displayed in the table in this guide, the exchange and technology fees that you incur for $10 worth of contract size are definitely lower than what you’ll pay for $100 worth of contract size.
💵 What Are the Fees for Opening a $1 Contract Size on Crypto.com?
You only get to incur a $0.02 exchange fee for opening a $1 contract. Note that there are no technology fees attached because they are usually waived for $1 positions.
🚪 Will I Be Charged Fees for Closing a Position on Crypto.com Before Settlement?
Of course, you’ll be charged some fees if you close a position before it settles. However, the fee you’ll incur will depend on your contract size.
