STAKING

Swyftx vs. Crypto.com: Don’t Choose Until You Read This Article

Swyftx vs. Crypto.com Fees

Using the maker-taker model, Crypto.com keeps things simple, with maker fees from 0.04% to 0.40% and taker fees from 0.10% to 0.40%. This implies that you pay a different cost based on whether your order produces liquidity because there is no matching order (you are a maker) or decreases liquidity because it matches an existing order (you are a taker).

As a taker, you should anticipate paying a greater charge, but Crypto.com reduces fees based on your trading volume and whether or not you are staking CRO coins. Your discount will be greater the more CRO tokens you stake and the more you trade over 30 days.

You Trading Volume

Taker Fee

Maker Fee

£0 – £19,142

0.4%

0.4%

£19,143 – £38,287

0.35%

0.35%

£38,288 – £76,574

0.25%

0.15%

£76,575 – £191,434

0.16%

0.10%

The basic level of Crypto.com fees

With CRO staking, you can further minimise your fees by earning a part of your chargeback in CRO. For instance, if you stake 5,000 CRO and qualify for a 10% reduction on a maker and taker charge, you should anticipate spending 0.36% instead of the quoted 0.4%.

Staking

Discount

Staking ≥ 5,000 CRO

10%

Staking ≥ 10,000 CRO

20%

Staking ≥ 50,000 CRO

40%

Staking ≥ 100,000 CRO

60%

Staking ≥ 500,000 CRO

70%

Staking ≥ 1,000,000 CRO

80%

Staking ≥ 5,000,000 CRO

90%

Staking ≥ 50,000,000 CRO

100%

Swyftx has one of the most costly fees in Australia and significantly above the industry average for crypto exchanges. In comparison to other Australian exchanges, its fee and spread structure are expensive once you begin trading. Their broad spreads and 0.6% trade charge contribute to extremely inefficient execution when trading into and out of various assets. You need to execute two transactions to exchange coins, resulting in a 1.2% transaction charge.




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Traciwininger
Author: Traciwininger

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