Key Takeaways
- Trading fees are charged according to a maker-taker fee model, with fees decreasing as account levels increase.
- Crypto.com also offers up to a 30% discount on trading fees if the user holds a specific amount of CRO tokens.
- Deposit fees are free, but network fees may apply when withdrawing crypto assets to external wallets.
- Credit and debit card deposits are charged a fixed fee of 2.99%, while Visa card withdrawals are free up to a certain limit and charged a fixed fee of 2% after that.
- DeFi wallet transaction fees vary depending on circumstances.
Crypto.com is unquestionably one of the most popular cryptocurrency exchanges around today. It is trusted by over 70 million users globally, and you can buy, sell, trade, earn, and more from a single platform. But the question here is, how much does Crypto.com charge for all of their services?
First thing to note is that Crypto.com has created separate versions of their platform. The desktop site comes with different features and fee structure to the mobile app. This article focuses on the fees for the desktop version of Crypto.com, but you can also check out the complete review of Crypto.com if you want to understand the fees and services on the mobile app.
What makes Crypto.com unique in terms of fees?
There are several aspects that make Crypto.com unique in terms of fees. To understand it better, take a look below and find out how things work at Crypto.com:
Crypto trading
When it comes to trading, Crypto.com follows the maker-taker fee model where you have to pay a certain fee when executing a buy or sell trade. What makes it unique is that the platform has created several account levels that you can achieve, and receive fee discounts depending on this level. The higher the account level, the lower the fee will be for you to trade. Each account level on Crypto.com requires a specific trading volume achieved in the past 30 days. To understand it better, take a look at the chart below:
Account Level | 30-Day Trading Volume | Maker Fee | Taker Fee |
|---|---|---|---|
1 | < 250,000 | 0.0750% | 0.0750% |
2 | ≥ 250,000 | 0.0700% | 0.0720% |
3 | ≥ 1,000,000 | 0.0650% | 0.0690% |
4 | ≥ 5,000,000 | 0.0600% | 0.0650% |
5 | ≥ 10,000,000 | No Fee | 0.0500% |
Account Level | 30-Day Trading Volume | Maker Fee | Taker Fee |
|---|---|---|---|
1 | < 250,000 | 0.0750% | 0.0750% |
2 | ≥ 250,000 | 0.0700% | 0.0720% |
3 | ≥ 1,000,000 | 0.0650% | 0.0690% |
4 | ≥ 5,000,000 | 0.0600% | 0.0650% |
5 | ≥ 10,000,000 | No Fee | 0.0500% |
In short, the more you trade, the cheaper it will become for you to trade on Crypto.com. To take things even further, Crypto.com also offers up to 30% discount and rebates on top of already discounted fees if you are holding a certain amount of the native token of the exchange, CRO. Do note that the fee structure mentioned above is for spot trading, and Crypto.com follows a similar sort of fee structure for trading derivatives.
Deposit fees
The only way you can deposit on the Crypto.com desktop exchange is by sending cryptocurrencies through an external wallet or through a different exchange. For that, Crypto.com does not charge any sort of fee. You can simply head to your accounts settings, fetch the QR code or address of the asset you want to deposit and initiate a deposit from an external wallet to complete the transaction without paying anything.
Complete overview of Crypto.com fees
Below is a quick overview of Crypto.com fees that you can check out and see how affordable your experience can be on the platform.
Types of fees on Crypto.com
There are several types of fees when using various services offered by Crypto.com. You have to pay a fee whenever you execute a trade, buy cryptocurrencies through the app, withdraw, or initiate DeFi transactions. You also have to pay a fee when using the VISA cards of Crypto.com. The fee is usually pre-defined by the exchange but might also vary depending on the network conditions or specific scenarios.
Maker Fee
The maker fee for spot trading at Crypto.com starts at 0.0750% and can be reduced to zero if you reach over $10 million in trading volume in the past 30 days. You can also reduce the maker fee by holding a specific amount of CRO tokens.
Maker fee on derivatives
Derivatives trading fee is a lot cheaper than spot trading. As a maker, traders only need to pay a fee of 0.0170% with a level 1 account. You can also get discounts on derivatives trading by increasing your monthly trading volume or by holding CRO tokens.
Taker Fee
As a taker, you have to pay a variable fee starting at 0.0750%. Again, if you have had a considerable trading volume in the past 30 days, you can receive great discounts as a taker. Traders can also get up to 30% taker fee discounts if they hold and stake CRO tokens up to 10 million.
Taker fee on derivatives
The taker fee for trading derivatives is also considerably cheaper than spot trading as a taker. The fee starts at 0.0340% and goes all the way down to 0.0260%, depending on the trading volume you have. To get further discounts, you will have to stake and hold a specified amount of CRO tokens.
Wallet withdrawal fees
If you are withdrawing your crypto assets to an external wallet or an exchange, you will be charged a network fee depending on the chosen asset. Do note that Crypto.com themselves do not charge a fee, but the fee is paid to the miners verifying the transaction. Also, the fee can be lower or higher depending on the network traffic and congestion.
Credit and debit card processing fees
When making a deposit with a credit or debit card on Crypto.com, a fixed fee of 2.99% of the total amount will be charged to users. Crypto.com also introduced promotional offers where they offer limited-time free deposits using debit or credit cards.
Visa Card Withdrawal Fees
When using Crypto.com VISA cards, users are provided with free monthly ATM withdrawals. After the free withdrawal limit, a fixed fee of 2% on the entire amount will be charged when making a withdrawal.
Network Fees for DeFi Wallet Transactions
Network fees for DeFi wallet transactions depend on different circumstances. Those circumstances include the specific network the transaction is initiated on, the selected digital asset, and the network congestion at the time of the transaction.
Trading incentives
Crypto.com also offers a variety of trading incentives that any trader on the platform can claim. With these incentives, you can benefit your experience even further and have the opportunity to earn and save more.
2% deposit bonus
You can earn a 2% deposit bonus on your first crypto deposit at Crypto.com. The reward is paid in CRO tokens which you can then trade for any asset you want.
CRO Rebates
You can even get CRO rebates when you trade on Crypto.com. You will just have to comply with their 30-day trading requirements and the number of CRO tokens staked in order to claim your rebates.
Interest on CRO tokens
You can hold and stake your CRO tokens on Crypto.com and earn a 10% interest rate. The interest is paid daily in CRO, and you can claim it whenever you want.
CRO rebates and staking
CRO rebates are offered to those traders who have staked 100,000 or more CRO tokens. The more you have staked, the higher rebate you will be rewarded when you trade on the platform.
When it comes to staking, you can earn up to 11% annual interest by staking your cryptocurrencies. Crypto.com supports 35+ crypto assets that you can stake and start earning on the platform. You can choose fixed-term or flexible-term staking as per your preferences.
Conclusion
Considering the competition in the crypto industry, Crypto.com has kept all their fees quite reasonable. They allow traders to receive premium discounts by trading more within a 30-day period. If you join the ecosystem of Crypto.com by investing in CRO tokens, you can get an even cheaper experience, with discounts and rebates on your trading fee. Crypto.com does not charge their users for direct crypto deposits and withdrawals; the only fee charged is paid to miners when withdrawing the funds or when initiating a DeFi transaction. Crypto.com is an excellent choice if you are looking to minimize your fees when you buy, sell, and trade crypto.