How to Avoid Fees on Crypto.com

Crypto.com has gained massive popularity as a platform that offers a wide range of crypto services, from trading to staking, to earning rewards on your holdings. However, like any financial service, it comes with fees that can eat into your profits if you're not careful. The good news is, with a bit of strategy and insider knowledge, you can significantly reduce or even eliminate these fees altogether. Here’s how you can do it:

1. Use CRO for Fee Payments

One of the simplest ways to reduce your fees on Crypto.com is by using the platform’s native token, CRO, to pay for them. Crypto.com offers a significant discount on trading fees when you pay with CRO. Depending on your staking level, this discount can range from 10% to 100%. For example, if you stake 50,000 CRO or more, you can enjoy a 100% discount on your trading fees.

Pro Tip: Keep an eye on CRO’s price and stake at a favorable time to lock in lower trading costs.

2. Stake CRO for Benefits

Staking CRO doesn’t just offer you trading fee discounts. It also unlocks other benefits such as higher cashback on the Crypto.com Visa card, better interest rates in Earn, and more rewards in general. The higher your CRO stake, the more benefits you unlock, effectively reducing various costs across the platform.

Example: A user who stakes 500,000 CRO enjoys not only fee discounts but also enhanced benefits across the platform, leading to overall cost savings.

3. Choose the Right Trading Pairs

Crypto.com offers a variety of trading pairs, but not all pairs have the same fee structure. Some pairs, especially those involving stablecoins like USDT or USDC, often have lower fees compared to others. Trading within these pairs can help you minimize costs.

Pro Tip: Plan your trades to use low-fee pairs whenever possible. This can be particularly useful when dealing with large volumes.

4. Use Limit Orders Instead of Market Orders

Market orders are convenient, but they usually come with higher fees due to the immediate execution of the trade. Limit orders, on the other hand, are not only cheaper but also allow you to control the price at which you buy or sell, offering you better value.

Strategy: Set limit orders at strategic price points to reduce fees and maximize your profit margins.

5. Take Advantage of Promotions and Rebates

Crypto.com frequently runs promotions where you can earn rebates or discounts on fees. These promotions can be an excellent way to reduce your trading costs. For instance, during special events, you might earn up to 50% back in CRO on your trading fees.

Keep Updated: Follow Crypto.com’s announcements and participate in these promotions to save on fees.

6. Optimize Your Crypto.com Visa Card Usage

The Crypto.com Visa card is one of the platform’s highlights, offering up to 8% cashback on purchases. To fully benefit, stake CRO to unlock higher cashback tiers. Additionally, use your card for transactions where crypto conversions are involved, as this can help you avoid conversion fees.

Pro Tip: Plan your card usage around the card’s perks to maximize cashback and minimize any associated fees.

7. Be Mindful of Withdrawal Fees

While deposits on Crypto.com are often free, withdrawals usually incur a fee. To avoid unnecessary costs, plan your withdrawals carefully. If possible, withdraw in cryptocurrencies that have lower fees or convert your funds to these before withdrawing.

Example: Instead of withdrawing Bitcoin, which might have higher network fees, consider withdrawing in Litecoin or XRP, which generally have lower fees.

8. Stay Informed on Fee Structures

Crypto.com’s fee structures can change, and staying informed is crucial. Regularly check the fee schedule on their website or app to ensure you’re always aware of the latest costs. This way, you can adjust your strategies accordingly.

Tip: Set up alerts for any updates in fee structures to act swiftly and minimize costs.

9. Refer Friends and Earn Rewards

Crypto.com offers referral bonuses, where you and your friend can both earn rewards. These rewards can be used to offset fees or reinvested to grow your holdings. The more friends you refer, the more rewards you can earn.

Pro Tip: Make use of these bonuses to reduce your overall costs on the platform.

10. Consider Other Platforms for Comparison

Finally, while Crypto.com offers many benefits, it’s always good to compare its fees with other platforms. In some cases, you might find lower fees elsewhere for specific transactions. Use this knowledge to optimize your trading and withdrawal strategies across multiple platforms.

Conclusion: By combining these strategies, you can significantly reduce or even eliminate fees on Crypto.com, maximizing your profit potential. Remember, the key to success in the crypto world is not just about making the right trades but also about managing costs effectively.