How much is Crypto.com’s 100x leverage fee?

How much is Crypto.com’s 100x leverage fee?

Crypto.com, a popular cryptocurrency exchange, offers a variety of services to its users, including margin trading. Margin trading allows traders to borrow funds from the exchange in order to increase their potential profits. However, margin trading also comes with risks, including the risk of losing more money than you initially invested.

One of the key factors to consider when margin trading is the leverage fee. The leverage fee is a fee that is charged by the exchange for the use of its funds. The leverage fee is typically a percentage of the amount of funds that you borrow.

Crypto.com's leverage fee varies depending on the amount of funds that you borrow. The following table shows the leverage fee for different loan amounts:

Loan Amount	Leverage Fee
Less than $10,000	0.05%
$10,000 - $50,000	0.10%
$50,000 - $100,000	0.15%
$100,000 - $500,000	0.20%
$500,000 - $1,000,000	0.25%
Over $1,000,000	0.30%

For example, if you borrow $10,000 from Crypto.com, you will be charged a leverage fee of 0.05%. This means that you will have to pay $5 in leverage fees for every $10,000 that you borrow.

Here are some additional things to keep in mind about Crypto.com's leverage fee:

• The leverage fee is charged on a daily basis.
• The leverage fee is calculated based on the amount of funds that you borrow, not the amount of funds that you trade.
• The leverage fee is not refundable.

If you are considering using margin trading on Crypto.com, it is important to factor in the leverage fee when calculating your potential profits and losses.Here are some steps you can take to minimize the impact of the leverage fee on your trading:

1. Borrow only the amount of funds that you need. The more funds that you borrow, the higher your leverage fee will be. Only borrow the amount of funds that you need to execute your trades.
2. Keep your trades open for a short period of time. The longer you keep your trades open, the more leverage fees you will incur. Close your trades as soon as you have achieved your profit target.
3. Use a stop-loss order. A stop-loss order will automatically close your trade if the price of the asset falls below a certain level. This can help you to limit your losses in the event of a market downturn.

By following these steps, you can minimize the impact of the leverage fee on your trading and increase your chances of success.