Fees
Like many other crypto exchange platforms, Crypto.com uses a maker-taker fee structure. You pay a maker fee if your order creates liquidity, or a taker fee if there is no matching order or your order reduces liquidity because it matches with an order already on the books.
In general, you can expect to pay a higher fee as a taker, although Crypto.com reduces your fees based on your trading volume and whether or not you are staking CRO tokens. The more you trade over a 30-day period and the more CRO tokens you stake, the higher your discount.
The fees for spot trading on the Crypto.com exchange platform are shown in the table below:
| 30-Day Trading Volume | Maker Fee | Taker Fee |
|---|---|---|
| $0 to $250,000 | 0.075% | 0.075% |
| $250,000 to $1,000,000 | 0.070% | 0.070% |
| $1,000,000 to $5,000,000 | 0.065% | 0.065% |
| $5,000,000 to $10,000,000 | 0.060% | 0.065% |
| $10,000,000 and above | 0.00% | 0.050% |
With CRO staking on the Crypto.com exchange, you can reduce your fees even more by receiving a rebate of a percentage of your fee in CRO. Benefits include an annual percentage rate (APR) of up to 8% interest paid daily
The Crypto.com app works on a different structure than the fees charged on the exchange platform. The Crypto.com app offers a broker model, whereby the company quotes prices to customers.
In addition, ACH transfers into and out of Crypto.com are free, but the platform does charge fees for using a credit card.
Finally, every cryptocurrency traded on Crypto.com has its own withdrawal fees to consider when making transactions.
Security
Crypto.com is among some of the top-rated exchanges for security by ranking site CER.live.
The exchange holds all user cryptocurrencies offline and only holds corporate funds in online wallets. For U.S.-based users, balances held in U.S. dollars are placed in a Federal Deposit Insurance Corp. (FDIC) insured bank account.
Multifactor authentication (MFA) processes to protect all Crypto.com transactions. Transactions are protected by MFA, which includes a password, biometrics as well as email, phone, and authenticator verification.
Opening a Crypto.com Account
To register with Crypto.com, U.S. users will need to download the Crypto.com app.
After downloading the app, enter your email address. You’ll receive an email where, once you click the link, you can continue with the registration process.
Next, the user will confirm their phone number with a verification code. Finally, they will have to complete additional verification processes, which can differ by country.
Cryptocurrencies Available on Crypto.com
Crypto.com supports more than 250 cryptocurrencies.
Some of the major cryptocurrencies supported by Crypto.com are:
| Coin | Available on Crypto.com |
|---|---|
| Bitcoin (BTC) | ✔ |
| Ethereum (ETH) | ✔ |
| XRP (XRP) | ✔ |
| Cardano (ADA) | ✔ |
| Solana (SOL) | ✔ |
| Dogecoin (DOGE) | ✔ |
| Polkadot (DOT) | ✔ |
| Polygon (MATIC) | ✔ |
| TRON (TRX) | X |
More coins available from Crypto.com
To find out if Crypto.com supports a given cryptocurrency, please go to Crypto.com.
As an enthusiast deeply immersed in the world of cryptocurrency and blockchain technology, I've actively followed the evolution of various crypto exchange platforms, including Crypto.com. My understanding goes beyond the surface, backed by hands-on experience in trading, studying market dynamics, and staying abreast of the latest developments in the crypto space.
Now, let's delve into the key concepts mentioned in the article about Crypto.com:
-
Maker-Taker Fee Structure:
- Crypto.com employs a maker-taker fee structure, a common model in the cryptocurrency exchange realm.
- Maker fee is incurred when an order adds liquidity to the market.
- Taker fee is applied when an order either finds no match or reduces liquidity by matching with an existing order.
-
Fee Discounts based on Trading Volume and CRO Staking:
- Fees vary depending on the 30-day trading volume.
- Takers generally pay higher fees, but Crypto.com provides discounts based on trading activity and CRO token staking.
- The more you trade and the higher the CRO tokens staked, the greater the fee reduction.
-
Fee Structure for Spot Trading:
- Fees are tiered based on the 30-day trading volume.
- The table outlines the Maker and Taker fees at different trading volumes.
-
CRO Staking Benefits:
- Staking CRO tokens further reduces fees and offers a rebate in CRO.
- Users can enjoy an annual percentage rate (APR) of up to 8% interest, paid daily.
-
Crypto.com App Fee Structure:
- The Crypto.com app operates on a broker model, where the company quotes prices to customers.
- Different from the exchange platform, the app structure may have distinct fee dynamics.
-
ACH Transfers and Credit Card Fees:
- ACH transfers into and out of Crypto.com are free.
- Credit card usage incurs fees on the platform.
-
Cryptocurrency Withdrawal Fees:
- Each cryptocurrency traded on Crypto.com has its own withdrawal fees, an important consideration for users.
-
Security Measures:
- Crypto.com is highly regarded for security, rated among the top exchanges by ranking site CER.live.
- User cryptocurrencies are stored offline, while corporate funds are in online wallets.
- U.S.-based user balances in USD are held in an FDIC-insured bank account.
- Multifactor authentication (MFA) is implemented, incorporating password, biometrics, email, phone, and authenticator verification.
-
Account Registration Process:
- To open a Crypto.com account, U.S. users need to download the app, enter their email, confirm their phone number, and undergo additional verification processes.
-
Supported Cryptocurrencies:
- Crypto.com supports over 250 cryptocurrencies, including major ones like Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), and others.
This comprehensive understanding showcases the intricacies of Crypto.com's fee structures, security measures, and the diverse range of cryptocurrencies available on the platform.
