Does Crypto.com Charge Any Fees For Crypto Purchases? | Crypto.com Help Center (2024)

FAQs

Does Crypto.com Charge Any Fees For Crypto Purchases? | Crypto.com Help Center? ›

Crypto.com may charge an admin fee when you buy, sell or transact in cryptocurrencies.

At a Glance. Deposits on Crypto.com are fee-free, while withdrawal fees may apply. Trading fees range from 0.04% to 0.20%, depending on the type of trading and services used. Buying with a credit/debit card incurs a 2.99% fee, while in-app exchanges are free.

Crypto.com Fees

Taker fees also start at 0.0750% but end at 0.0500%. Select pairs have takers fees of 0.025%.

Closing your account means your Crypto.com App Account, Crypto.com Exchange Account, and your Crypto.com Visa Card will not be accessible again. Please refer to How does the $50 close account fee work for my Crypto.com Visa Card for more information about the cancellation process and fee for your Crypto.com Visa Card.

Every transaction on Crypto.com DeFi Wallet is on-chain and requires network fees to incentivize the corresponding Blockchain Network for transaction processing and confirmation.

On the closing, Crypto.com said in a statement, “We recently suspended institutional trading in the U.S. due to limited demand in current markets. Impacted users were notified to ensure a smooth transition.” The firm said it may reopen institutional services in the future but declined to elaborate.

Aside from the high spreads, Crypto.com doesn't impose any other hidden charges. It's worth mentioning, though, that VIP customers are eligible for lower fees as they don't pay any maker fees and they only pay taker fees of up to 0.04% on spot trading and up to 0.024% on derivatives.

Crypto.com keeps it simple using the maker-taker model, with rates ranging from 0.0% to 0.75% for maker fees and 0.05% to 0.075% for taker fees. Investors pay additional fees for using credit cards.

Is Coinbase or Crypto.com better? Coinbase is ideal for beginners and those seeking a user-friendly platform, while Crypto.com is suited for those looking for lower fees and a wider range of cryptocurrencies.

Does crypto.com report to the IRS? ›

Yes. In the United States, your transactions on Crypto.com and other platforms are subject to income and capital gains tax. If you've earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to the IRS.

Volatility

It is often known that cryptocurrency markets are incredibly volatile. Prices can change drastically and fast, resulting in significant profits or losses.

Crypto.com and Coinbase are both popular exchanges in the United States. Compared to Coinbase, Crypto.com offers a more extensive list of tradable assets and lower trading fees. However, its platform isn't as easy to navigate as Coinbase, and the trading experience isn't as beginner-friendly.

Crypto.com does not charge a commission when you buy or sell crypto, but you may pay a spread, which is built into the rate you're offered. Crypto.com charges a fee for credit/debit card crypto purchases via its app.

Yes, Crypto.com charges retail users a withdrawal fee of US$45. This fee will be deducted from your withdrawal amount.

Your virtual assets are stored 100% safely and perfectly.

We hold all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis, meaning funds are responsibly backed by Crypto.com and accessible at customers' convenience.

Cronos cryptocurrency is a promising option for anyone looking to invest in cryptocurrencies, due to its lack of withdrawal or deposit fees. As the cryptocurrency market continues to expand, CRO can be expected to make waves within numerous markets such as gaming and digital commerce.