You’ll always see Crypto.com among the top platforms for trading prediction markets in the US. Interested in using the app? If so, it’s essential to know the Crypto.com fees that apply for various transactions.
After reviewing Crypto.com, we’ve compiled all of the platform’s fees and costs in this guide. These mainly include charges for deposits, trading, and withdrawals while you use the website or app. To give some insights, the platform’s fees are minimal and won’t eat into much of your funds. Continue reading to get all the details.
To trade events on Crypto.com, you have to register and apply for a Crypto.com | Derivatives North America (CDNA) account. You can do that using a Crypto.com referral code for a potential welcome bonus. Once your CDNA account is approved, you can deposit and start buying event contracts.
From our checks, the platform doesn’t take fees for deposits. You can make payments in USD using debit cards, wire transfers, ACH direct deposits, Apple Pay, or Google Pay. If any fees apply, they’ll be on the part of the payment processor and not Crypto.com.
At Crypto.com, you can also deposit cryptocurrencies. The platform only uses USD for trading in prediction markets, so it’ll automatically convert the digital currencies. As you transfer funds from your wallet, you also won’t pay extra Crypto.com fees.
It’s important to be aware of the following information and disclaimer for crypto.com, which you can read here.
When it comes to trading, the Crypto.com fee structure is dynamic. It varies depending on the initial value of the contract and whether you sell early or wait for the event to settle. Here’s the summary from our review:
| Action | Crypto.com exchange fees |
|---|---|
| Purchasing an event contract | $0.02 for $1 event contract
$0.10 for $10 event contract $1 for $100 event contract |
| Selling your contract settlement | $0.02 for $1 event contract $0.10 for $10 event contract $1 for $100 event contract |
| The event settles in favor of your prediction | $0.00 for $1 event contract $0.10 for $10 event contract $1 for $100 event contract |
| The event settles against your prediction | No fees |
For context, event contracts on Crypto.com are priced at a maximum of $1, $10, or $100. The platform doesn’t set the rate, and it totally depends on the number of traders buying and selling. If more traders buy, the price increases, and vice versa.
In the NBA, for example, you may see an event for the Brooklyn vs San Antonio on the Crypto.com app at the following prices:
From the above, the total price is $10 ($5.50 + $4.50). It shows that 55% of the market is backing Brooklyn, while 45% is behind San Antonio. If more traders continue buying Yes contracts for Brooklyn, its price may increase to $7, causing that of San Antonio to drop to $3.
Suppose you had bought Brooklyn’s event contracts for $5.50. In that case, you can sell at $7 before the game settles and receive an early $1.5 gain. Consequently, there are no Crypto.com sports betting odds, as the price is totally market-driven.
Besides the standard Crypto.com fees per contract when trading, the platform has technology fees. You pay it when opening or closing a position, and it also depends on the event contract price. Check out the costs below:
| Action | Crypto.com technology fees |
|---|---|
| Purchasing an event contract | $0.00 for $1 event contract
$0.10 for $10 event contract $0.99 for $100 event contract |
| Selling your contract settlement | $0.00 for $1 event contract $0.10 for $10 event contract $0.99 for $100 event contract |
| The event settles in favor of your prediction | $0.00 for $1 event contract $0.00 for $10 event contract $0.99 for $100 event contract |
| The event settles against your prediction | No fees |
For some traders, paying extra charges separate from the standard Crypto.com fees for trading may be inconvenient. We understand how, but the good thing is that the cost is still minimal. Also, Crypto.com waives the fee $1 event contract values.
As with deposits, we didn’t see native Crypto.com transaction fees for payouts. You’ll only pay the blockchain network fee for withdrawing to an external wallet. The amount will vary depending on the cryptocurrency.
You can visit Crypto.com to confirm the fees yourself by clicking the banners on this page. If you decide to sign up, you’re allowed to use a Crypto.com promo code if you have one.
Based on our review of Crypto.com fees, these are the pros and cons to know:
If you join Crypto.com, you mainly have to pay trading and technology fees for prediction markets. The site won’t charge for deposits and withdrawals. Any extra costs that apply will be due to the fiat payment processor or blockchain network fees for crypto transactions.
Overall, the Crypto.com fees range from $0.00 to $1. They’re minimal, so we can easily rank Crypto.com among the most affordable prediction market sites in the US. You can sign up today by clicking the banners on this page.
Crypto.com doesn’t have native deposit and withdrawal fees for its prediction markets. If you deposit USD, charges may apply on the part of the payment processor. Meanwhile, cryptocurrency transactions involve standard blockchain network fees.
Crypto.com doesn’t have hidden fees. The prediction market site is transparent with all costs and charges that apply for trading. If you find anything unclear, you can contact customer service for an explanation.
You can’t avoid fees when trading prediction markets on Crypto.com. The charges are built into the event contracts, but they’re generally minimal.
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.
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