
Crypto.com provides a range of services, but here we’re looking at Crypto.com fees that relate to their prediction markets. These allow you to trade event contracts based on the probabilities of a certain event happening.
You may incur a combination of exchange fees and technology fees for this, depending on the market and if you make a successful prediction. We’ll look at those fees here and provide details of when they’re applied. You’ll also see that unsuccessful predictions do not result in any fees, so you’ll always know what to expect.
As you’ll learn in our Crypto.com review, prediction markets give you the opportunity to predict the outcome of an event and to trade on what you think could happen. Crypto.com provides prediction markets in the following areas of interest:
For example, you will see Yes and No positions for an event. The idea is to choose the position you think will occur, and purchase contracts for that position. If you are correct, you will receive the relevant payout for each contract. If you were wrong, you won’t receive anything.
Crypto.com has two contract values: $1 and $10. You can decide which of those you would like to purchase, and how many of each to get. If you’re interested in prediction markets, make sure you meet the Crypto.com age requirement before you attempt to create an account with them.
We’ll provide details for $1 and $10 event contract fees in the below table. You can compare them to Polymarket fees if you’re considering which site or service to use.
Note the following abbreviations for this table:
We will always present you with the exchange fee first.
| Position | $1 Event Contract Value | $10 Event Contract Value |
|---|---|---|
| Open | EF – $0.02 TF – none | EF – $0.10 TF – $0.10 |
| Closed | EF – $0.02 TF – none | EF – $0.10 TF – $0.10 |
| Correct prediction | EF – none TF – none | EF – $0.10 TF – none |
| Incorrect prediction | N/A | N/A |
As you can see, you won’t incur any fees if you make an incorrect prediction. You will lose the amount you put towards the event contracts you purchased for that market, though. If you make a correct prediction, you will pay the relevant fees applied to each event contract you purchased.
On balance, the exchange fees per $10 event contract are lower pro rata than those for a $1 event contract. However, you won’t be charged any technology fees for a correct prediction on a $1 event contract, whereas you will if you opted for a $10 event contract and you made the correct prediction there.
We’ve created guides on many popular topics, such as the Crypto.com signup bonus, so here we’re going to answer some top queries about the possibility of fees when trading in prediction markets on that website.
Yes, we believe so. When you compare it to Robinhood fees, for example, you will see they’re clear on what you will be charged if you participate in a prediction market and pick the correct event contract. You can then work out and compare the two before using either service.
No, they do not charge any deposit fees (nor any for withdrawals). However, you should check whether the method you choose incurs any fees from the provider. You must have a USD cash account with Crypto.com to be able to access the prediction markets part of the app in the US.
If you’re new to exploring prediction markets, whether those are in sports, economics, or another area of interest, you should be aware of the associated fees you may need to pay. We’ve gathered together some main points to consider about prediction markets and what to expect.
Prediction markets are quite new to the US, but many people are interested in how they work and what’s involved. We were able to read through a guide to Crypto.com and its prediction market possibilities, along with details of their fees. You can click on one of our links here to go to the official Crypto.com website to learn more about it.
While you may find the exchange and technology fees complicated to start with, they’re quite straightforward to understand once you review the table we’ve provided for you here. Event contracts priced at $1 will only ever incur the exchange fee, whereas the $10 event contracts incur both exchange and technology fees. However, they have lower exchange fees pro rata compared to the $1 option. Understanding all this is a good start if you want to try the service.
No, you will not pay any fees in this scenario. You will lose the amount you traded on the relevant event contract.
There are two types of fees: exchange fees and technology fees. However, you will not necessarily pay both or either fee. It depends on the outcome of the prediction and the value of the relevant event contract.
Crypto.com will not charge you a fee for withdrawing funds from the site, but you may wish to check with your payment provider to find out whether they have any fees you should be aware of.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.
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