To trade digital currencies efficaciously and safely, you have to select a desirable platform for trading. In this article, we will examine about the Crypto.com platform, its benefits and disadvantages, and the currencies it supports.
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An introduction to the Crypto.com platform for cryptocurrency trading
- Crypto.com is a distinguished cryptocurrency trade with help for a range of crypto property and blockchain associated products. Users can buy, sell and alternate a vast listing of currencies and enjoy rather low trading fees.
- In addition, the company gives cryptocurrency savings cards, a decentralized exchange, a standalone crypto wallet, and an NFT marketplace. It also permits customers to stake their cryptocurrencies, or hold them in a Crypto.com wallet for a set period, to earn up to 14.5% interest.
Cryptocurrencies on hand on the Crypto.com platform
Crypto.com supports over 250 currencies for spot trading, with a subset supported for stashing. While there are too many supported currencies to list them all here, you can remember on being able to purchase and sell most of the most traded currencies.
Popular property reachable on the platform include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Dogecoin (DOGE)
- Polkadot (DOT)
Crypto.com also offers its own currency, CRO. If you preserve a massive stake in a CRO, the company rewards you with lower trading fees, greater pastime rates, and higher credit card bonuses.
- Pros of the Crypto.com platform
- Extensive listing of supported cryptocurrencies
- Transparent and aggressive charges with discounts available
- Supporting an ecosystem of cryptocurrency products
- Cons of the Crypto.com platform
- Higher fees except you have and use a CRO
- Discounts on trading prices can be overwhelming when you are on the go
Crypto.com platform fees
New Crypto.com users will pay no bets CRO 0.4% on trades with a complete month-to-month trading quantity of less than $25,000. Trading fees are a little decrease than you may see with some of the big opponents in the industry, but now not the lowest.
High volume traders can qualify for prices as low as 0.04% or 0.1% as payable barring CRO bets.
Reduced trading charges are accessible when you have at least 5,000 CRO in your portfolio. At this point, merchants with a monthly volume of $25,000 pay 0.36%.
There are no additional expenses per trade, so Crypto.com is aggressive when it comes to pricing.
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