1. Hong Kong-based cryptocurrency platform Crypto.com announced earlier this week it has reduced withdrawal fees for a total of 12 cryptocurrencies. The following cryptos have been reduced: Founded.
2. Crypto.com withdrawal fees CDC has been supporting more pairs, and with the increase of Ethereum gas fees, the withdrawal fees have changed. Here is an updated table with prices in.
3. Users can withdraw Fiat to their personal bank account. This is a frequently requested feature that further strengthens the utility of Crypto.com platform. Fee Note: While Crypto.com does not charge a fee for a Fiat withdrawal, fees may be imposed by the receiving bank. Click here to learn more about the step-by-step withdrawal flow and other.

There is no such fee for withdrawals up to USD 200 (for the Midnight Blue Card tier, higher tiers have even higher fee free. But thereafter, the fee is 2.00%. There are six card types (starting from the least exclusive), where the deal you get is the best for the most exclusive. Crypto.com has low non-trading fees and average-to-low trading fees. Below we’ve broken down the most important fees for the App, Exchange, and MCO Visa Card (fees as of July 2020). Crypto.com app fees. A complete fee schedule for services in the app is available in-app under ‘Settings’. These are the most important ones.

Crypto Earn Fixed Term Deposits Auto Transfer to Crypto Wallet Upon Maturity

<Hong Kong, November 28, 2019> Today, Crypto.com announces a new method for users to withdraw from Crypto.com Fiat Wallet, supporting up to 21 fiat currencies.* Users now have the option to sell cryptocurrencies** to fiat and withdraw fiat to their personal bank account. The addition of multi-currencies fiat withdrawal via international bank transfer is a frequently requested feature that further strengthens the utility of Crypto.com platform.

To start selling cryptocurrencies to fiat, users need to set up the corresponding fiat currency wallet first in order to see the option in the sell crypto drawer. To activate fiat withdrawal, users are required to deposit the corresponding fiat currency via international bank transfer to Crypto.com once before Crypto.com can transfer funds to the same bank account.

Fees: Crypto.com does not charge any fee for the fiat withdrawal, yet fees may be imposed by the receiving bank and intermediary bank(s). The estimated fees vary by the location of the recipient bank account and will be calculated and deducted from your withdrawal amount when you submit the withdrawal request.

Supported currencies: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD, ZAR

Click here to learn more about the step-by-step withdrawal flow and other details.

Crypto EarnFixed Term Deposits Auto Transfer to Crypto Wallet Upon Maturity

Please note that we are updating the Crypto Earn T&Cs, which will take effect on 29 November 2019, 09:00 UTC. Upon maturity of the fixed term deposits placed in Crypto Earn, the principal will be transferred automatically to the respective crypto wallet in the Crypto.com App.

*Please note that only users who are geographically based within our service partner’s permitted jurisdiction will see up to 21 currencies fiat deposit and withdrawal option via international bank transfer. This requires app version iOS 3.42/ Android 3.42 or higher.

**This service will be available for all supported tokens with the exception of trade-only coins.

OFFER FROM CRYPTO.COM:If you sign up using the Cryptowisser referral link and stake 1,000 CRO-tokens (today around USD 60) on the exchange, you receive 10 USD in CRO-tokens for free from Crypto.com. If you stake 5,000 CRO-tokens, you receive 50 USD, and if you stake 10,000 CRO-tokens, you receive 100 USD. The sign-up bonus can be up to USD 2,000 and it will be credited instantly, this is a good incentive for staking CRO with more than 16% ROI, sign up and earn it now!

Crypto.com Exchange Review

Crypto.com Exchange is a cryptocurrency exchange platform with its head quarters in Hong Kong. It was launched by Crypto.com in 2019.

One can imagine that the domain crypto.com wasn't cheap to purchase... The domain was actually registered as early as 1993, by a cryptographer named Matt Blaze. He was working at AT&T with security for multiple computer systems. It is said that Matt early on expected that crypto would be a big part of the monetary system in the future. In 2018, the domain was acquired by the company now running the Crypto.com Exchange (purchase price is not disclosed). The exchange itself was, as mentioned above, launched in 2019. It offers trading in 29 different cryptocurrencies.

Mobile Support

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders that likes to use their mobile phone for trading, you’ll be happy to learn that Crypto.com offers the Crypto.com App. You can download it to/from both the AppStore and Google Play:

Crypto.com Exchange Fees

Crypto.com Exchange Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

This platform charges takers a maximum of 0.16% per trade. These taker fees are quite in line with the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. Regardless of what you compare against, 0.16% is perfectly fine. The platform also has an even better trading fee for makers, who only pay 0.10% per deal.

Crypto.com Exchange also offers trading fee discounts to its customers by certain transaction volume over the most recent 30 day period. The more you trade for, the lower your trading fees become. Here are the available VIP-levels and trading fee discounts (where the blue columns assume that you stake at least 5,000 CRO-tokens (on the date of first writing this review, 30 September 2020, this amount corresponded to USD 763):

As is evident from the above table, you get paid to trade if you are a VIP 1-maker. VIP 1 makers will get 100% of their taker fees back plus 0.005% earn on it, if they stake CRO and trade crypto within the stated volume range in the past 30 days. It is a special promotion called Stake-to-Take, which is a promotion that Crypto.com Exchange is doing right now to encourage VIP1 Level new users to trade more on the platform. Users can even earn up to 0.1% on the taker fees, but then they need a very impressive amount of CRO Tokens (on the date of first writing this review corresponding to approx. USD 763,000).

Crypto.com Exchange Withdrawal fees

Crypto.com Exchange charges a withdrawal fee of 0.0004 BTC per BTC-withdrawal. This fee is slightly below the industry average. The current global industry average is slightly above 0.0006 BTC per BTC-withdrawal so a competitive offering by Crypto.com Exchange in this respect as well.

Three Special Features: Referral Program, The Syndicate & Staking

Crypto.com Exchange Referral Program

Crypto.com, like many other exchanges, has a referral program and this is how it works:

If you sign up to Crypto.com using this referral link, you will receive USD 50 worth of CRO as a sign-up bonus, provided that you also stake at least 5,000 CRO-tokens and undergo successful KYC-verification at the advanced level. Users who stake 1,000 - 4,999 CRO get USD 10 as sign-up bonus after meeting the same conditions. The sign-up bonus will be credit to your exchange wallet instantly and you can trade on it.

Once you sign up for the exchange, you will also yourself become a referrer (existing user) and you will be able to share your referral links in your own platform to earn referral bonuses. The referral bonus can be up to USD 2,000 worth of CRO depending on the referee's (i.e., your invited user's) first CRO staking level. The referrer is also eligible for earning a trading fee commission in equivalent up to 50% of the referee's net trading fees for 12 months.

The Syndicate

The Syndicate is an interesting feature of the Crypto.com Exchange, it is the fundraising platform from Crypto.com that offers the opportunity for crypto projects to list their tokens on the Crypto.com Exchange. Crypto.com Coin (CRO) holders will then be able to participate in The Syndicate and receive priority token allocation for up to 50% discount sales if you stake at least 5,000 CRO on Crypto.com Exchange. Users who stake 10,000 or more CRO for 6 months can even enjoy 20% APR paid in daily. The more you stake, the more you will earn. Users who are staking more CRO will enjoy a better interest rate from another staking option called Soft Staking on the exchange platform.

Staking

What is staking? Staking is when you are an active participant in validating transactions a so called Proof of Stake-blockchain (PoS). In order to become a validator, you must 'stake' a certain balance of the cryptocurrency that you are validating. In exchange for doing that, you receive compensation (staking rewards). At Crypto.com Exchange, you can easily participate in staking for up to 20+ cryptocurrencies and receive up to 5% in yearly staking rewards.

Crypto.com Exchange Trading View

Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at Crypto.com Exchange:

It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.

Deposit Methods and US-investors

Deposit Methods

Crypto.com Exchange lets you deposit assets to the exchange in many different ways, through wire transfer, debit card, and of course also by just depositing existing cryptocurrency assets.

Crypto.com Withdrawal Fees Reddit

Seeing as fiat currency deposits are possible at this trading platform, Crypto.com Exchange qualifies as an “entry-level exchange”, making an exchange where new crypto investors can start their journey into the exciting crypto world.

US-investors

Crypto Com Withdrawal Fees

According to information that we have received from the exchange itself, US-investors are not permitted to trade over Crypto.com Exchange. However, Crypto.com does support crypto trading over their mobile app for 49 US states.

Crypto.com Atm Withdrawal Fees

If you are looking for desktop exchange platforms with services available for US citizens, you can go to the Exchange List and use our Exchange Filters where you can sort the exchanges based on whether or not they accept US-investors.