What are the fees involved in using Crypto.com for buying and selling cryptocurrencies?
Sneha PanthiJan 09, 2022 · 3 years ago1 answers
Can you provide a detailed explanation of the fees associated with using Crypto.com for buying and selling cryptocurrencies? I would like to know the different types of fees involved and how they are calculated.
1 answers
- Jan 09, 2022 · 3 years agoAs an expert in the field, I can tell you that Crypto.com is known for its competitive fees. They offer a transparent fee structure that is easy to understand. The trading fee is based on a maker-taker model, where makers (those who provide liquidity to the market) pay lower fees compared to takers (those who take liquidity from the market). This encourages market liquidity and benefits active traders. In addition to the trading fee, there may be a deposit fee when you fund your account with cryptocurrencies or fiat currencies. However, Crypto.com often runs promotions where they waive deposit fees for certain cryptocurrencies or offer cashback rewards. It's worth noting that Crypto.com is constantly improving its fee structure to provide the best value for its users.
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