Crypto.com is a leading crypto exchange, but it has also diversified into prediction markets. This is the process of trading contracts relating to differing global events such as sports, political elections, economic forecasts, and financial markets.
Top Crypto.com Alternative for October
But first, it’s important to understand the Crypto.com fees and costs including deposit and withdrawal fees, and any associated trading fees when you buy and sell the prediction contracts if you’re interested in prediction markets. Below, we have used our experience and knowledge, plus extensive testing at Crypto.com to give a full fee breakdown.
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An Introduction to Prediction Markets at Crypto.com
The first step is to understand how
prediction markets
work. The premise is simple – you are predicting whether or not you think a proposition will occur. You can choose either “Yes”, or “No”. You then purchase what are called trade contracts relating to your position for the proposition.
Ultimately, you can either sell your trade contracts if they increase in value, or wait until the event occurs to see if your prediction was correct, to get a payout. You buy or sell the trade contracts at whatever market value they are listed for on the Crypto.com exchange, but there is also a fixed payout value if your prediction is correct when the event occurs which you can hold out for. At Crypto.com, you can buy two types of contracts – $1 or $10, and the payout if you make the correct prediction is either $1 or $10 per contract, respectively.
Let’s look at a simple example. There could be a
Crypto.com sports prediction
for the Oklahoma City Thunder to win the NBA Finals again in 2026. You purchase 1000 “Yes” trade contracts at $0.75 each ($750.00). As time progresses, the “Yes” trading price on Crypto.com might increase to $0.87 each – you could then sell your 1000 trade contracts at $0.87 each (minus Crypto.com fees) to make a profit. Alternatively, you could hold out until the event is determined, and if Oklahoma did win the NBA Finals, your 1,000 “Yes” trade contracts would payout $1 each, or give you $1,000 back, minus fees.
Be aware of the following important information and disclaimer for crypto.com, that you can find
here.
Crypto.com Trading Fees for Prediction Markets Explained
Whether you’re using the
Crypto.com app
or desktop website, there shouldn’t be any deposit fees when you credit your account. There might be withdrawal fees but this depends on the payment method and financial provider that you use. For example, there can be crypto gas fees depending on which cryptocurrency you use, and there can be a $45 USD fiat withdrawal fee applied.
The main Crypto.com trading fees you need to be aware of are the fees per contract, and the operator has a set fee structure based on the different types of actions relating to prediction markets:
Action
Fee for each $1 trade contract
Fee for each $10 trade contract
Open a position
Exchange fee: $0.02 Tech Fee: N/A
Exchange fee: $0.10 Tech Fee: £0.10
Close a position before it expires
Exchange fee: $0.02 Tech Fee: N/A
Exchange fee: $0.10 Tech Fee: $0.10
Position settles in-the-money
Exchange fee: N/A Tech Fee: N/A
Exchange fee: $0.10 Tech Fee: N/A
Position settles out-of-the-money
No Fees
No Fees
🟢 Open a Position
Opening a position is essentially buying a “yes” or “no” trade contract. The fee is either $0.02 or $0.10. For example, if you bought 1,000x $1 trade contracts, your total fee would be $20.00 (1000 x $0.02).
🔴 Close a Position Before Expiry
Closing a position is when you sell a “yes” or “no” trade contract before the event occurs. For example, the trade contract might have increased in price for the option you chose, so you decide to sell early and take the profit.
🏆 Position Settles “In-the-Money”
If your position settles “in-the-money”, this essentially means you got the prediction right, and your trade contracts will payout either their $1 or $10 value. For $1 trade contracts, there is no fee, whereas there is an effective 1% fee for $10 contracts.
🚫 Position Settles “Out-of-the-Money”
If your position settles “out-of-the-money” this means that you got the prediction wrong, and you get nothing in return.
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Predict market outcome at Crypto.com
Getting Started at Crypto.com to Take Your First Prediction
If you want to try prediction markets, you need to create a Crypto.com account and this is done via the following steps:
Use any of our Crypto.com links or banners.
Click the sign up button.
Select your account type.
Enter your details.
Read and accept the T&Cs.
Complete the relevant KYC checks.
Log in to your new account.
There is also a potential welcome bonus of sorts, although it’s only available for standard trading, not prediction markets. But you don’t need a
Crypto.com promo code
for it. You can potentially get up to 1 BTC by completing a specific trade challenge. There is also a
Crypto.com referral code
which you can read more about, plus periodic events and promotions they host.
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn’t guarantee future results. This is not a solicitation or recommendation to trade.
Crypto.com Makes Prediction Market Fees Simple
We think Crypto.com has created a simple and effective fee structure for its prediction markets that anyone can understand. The fees do not fluctuate, so you can easily account for them when you are considering your prediction market strategies. Also remember that there aren’t generally any Crypto.com depends and withdrawal feels, but some cryptocurrencies do have gas fees, and there can be a $5 minimum withdrawal fee for USD fiat withdrawals.
If you want to start trading prediction markets, you can use the banners or links featured on this page to sign up to Crypto.com today.
Crypto.com Fees for Prediction Markets FAQs
Crypto.com does not charge deposit fees.
For prediction markets, to open or close a position, the fee is $0.02 or $0.20 per $1 or $10 contract respectively, and for $10 contract “in-the-money” positions, there is a $0.10 fee per contract.
This varies. Some cryptocurrencies can have withdrawal or gas fees. Also, there can be a potential $45 withdrawal fee for USD fiat withdrawals.
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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Predict market outcome at Crypto.com
