What are the Crypto.com contract fees?

Crypto.com's contract trading fees range from 0.01% to 0.04%, depending on the trader's 30-day trading volume and whether they are placing a maker or taker order.

Nov 24, 2024 at 01:06 pm

Understanding Crypto.com Contract Fees

A Comprehensive Guide to Contract Trading Costs on Crypto.com

Crypto.com, a renowned cryptocurrency exchange and trading platform, offers a comprehensive suite of financial products, including contract trading. This guide aims to provide an in-depth understanding of the contract fees associated with trading on Crypto.com.

Contract Fees: A Detailed Breakdown

Contract trading, also known as perpetual futures trading, allows traders to speculate on the future price movements of cryptocurrencies using leveraged positions. Crypto.com charges a tiered fee structure for contract trading, based on the trader's 30-day trading volume.

Tier 1 (Trading Volume < $100,000)

• Maker fee: 0.035%
• Taker fee: 0.04%

Tier 2 (Trading Volume $100,000 - $500,000)

• Maker fee: 0.025%
• Taker fee: 0.03%

Tier 3 (Trading Volume $500,000 - $2,000,000)

• Maker fee: 0.015%
• Taker fee: 0.02%

Tier 4 (Trading Volume > $2,000,000)

• Maker fee: 0.01%
• Taker fee: 0.015%

Calculating Contract Fees

To calculate the contract fee for a specific trade, follow these steps:

1. Determine Your Tier: Identify your trading volume for the past 30 days to determine which tier you belong to.
2. Identify Maker/Taker Status: Determine whether you are placing a maker order (adding liquidity to the order book) or a taker order (removing liquidity from the order book).
3. Apply Fee: Apply the corresponding maker or taker fee from the tier you belong to.

Example:

If you are a Tier 2 trader and placing a taker order, the contract fee would be 0.03% of the contract value.

Additional Costs to Consider

In addition to contract fees, there are a few other costs to consider when trading contracts on Crypto.com:

1. Funding Rate: A variable fee that is paid or received based on the differential between the perpetual contract price and the underlying index price.
2. Margin Fee: A small interest fee charged on the funds borrowed when using leverage.
3. Slippage: The difference between the expected price of a trade and the actual price executed, which can occur in periods of high market volatility.

By understanding the contract fees and additional costs associated with Crypto.com contract trading, traders can make informed decisions and optimize their trading strategies to maximize their profits and minimize their expenses.