Been buying Crypto.com coin (Cronos) for a couple of years now. Average price was around $0.08. Just sold 10% for $0.36 on the exchange. First time selling and noticed a 2.5% fee when sending USDC back to the app and then withdrawing to my bank. Is this normal? Any better ways to sell without those fees?
Best strategies for selling and withdrawing on Crypto.com
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Honestly, a lot of places like Crypto.com have P2P options with zero fees. You checked if Binance, Bybit, or others are available in your country? Some places restrict P2P, which could be a bummer. Bitget has P2P too, but they charge a small fee.
Not sure yet. I'm in the UK and mostly bought spot positions till now. Looking to sell soon as I think prices will rise in the next few months. Just wanna know what's the cheapest way to sell and withdraw.
If you have your coins on Crypto.com, why not use their P2P to sell? If your local currency isn’t supported, maybe transfer your coins to another exchange nearby that has P2P. Just a heads up, Binance might not work for you since many places have blocked it.
2.5% seems pretty high for withdrawal fees. You should definitely explore more options on Crypto.com. Try their P2P markets; usually way cheaper than regular spot trading. Also, check their taker/maker fees per trade.