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Crypto.com Exchange: DONT PAY HIDDEN FEES!
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@KidaleSmith Жыл бұрын
6:50 for those who don't need to sit through what we already know
@jakewolfe1774 2 жыл бұрын
Great content, videos like and insight from a qualified personnel helps.
@finntomkins6825 2 жыл бұрын
Couldn't agree more, their help is indeed vital, that's why I am now being coached by Edwin Earl.
@ethangavin5348 2 жыл бұрын
hello Finn, does this happen to be the same Edwin Earl they are discussing in the first comment of this video? kzfaq.info/get/bejne/prlpiax5kszNkoU.html
@xavierkruz3291 25 күн бұрын
You are right about it , it’s the only video I could fine for this information , the only thing is which exchange should be good to trade in
@velafresh 2 жыл бұрын
I notice I big difference in price when staking or selling and there’s no breakdown of the missing amount. For example I currently have 90,073,000 = $3616 in shib if I stake the whole amount it shows that the total is $3300 where did the other $316 go? When I had $8k worth of shib I was thinking of selling and it said I would receive only $7400 I know the gas fees aren’t $600
@eddyboom1493 2 жыл бұрын
@Sam Lench same here. I staked 1000 usdt for 3 months. But after putting it into earn, it was only 970 usdt. Worth. The amount of rewards I get in three months is exactly 30 usdt over that amount which makes it clueless. No idea how to fix this.
@samueljackson541 2 жыл бұрын
Did you guys leave the platform I'm just curious did you go to Gemini because I have quite a bit of dogelon Mars and I just realized those hidden fees It was giving me two different sale numbers instead of the actual market price
@remmrek 2 жыл бұрын
Their stake is 💩 They take that upfront percentage out and just drip feed it back to you as an 'earn'.. so you're paying taxes on that.
@samueljackson541 2 жыл бұрын
I highly doubt that because what if you get audited or they send you tax paperwork regarding you having to pay taxes. Sounds to me like they're scamming you out of money.
@Amazir11 2 жыл бұрын
I couldn't believe what I'm reading here. So I put one Solana into earn for 3 months (CDC app). But it shows one full Solana. Are we talking about the app?
@joegoh1968 2 жыл бұрын
i was charged 4% for one trade and 2% for another. It's ridiculously high!
@kleobets5786 2 жыл бұрын
I am experiencing this insane percentage total 6% when trying to sell at my fiat wallet
@rustyrulzu2002 5 ай бұрын
Same but 20%
@findyourgypsy8876 2 жыл бұрын
Thanks. I got hosed and now will move my non-staked funds to Bybit. It's ridiculous how they hide the in-app fees.
@geoffgarrad6245 2 жыл бұрын
Thanks Ben - Big Help - I was wondering why i was losing around 4% on trades from the original crypto coin value .
@al-quranal-karim3282 2 жыл бұрын
Yo sigo buscando 1 mes y nadie quire contestar a esta información tu sabes algo?
@ryand3rson 2 жыл бұрын
Me too... I literally just did my own deep calculations into my trades
@ghostt8679 2 жыл бұрын
I didn’t know there was a £50 delivery fee for when you upgrade your card. That’s cheeky IMO. I also heard of people losing the money on their old card when they upgrade. Did you hear about that?
@IIlIlIll 2 жыл бұрын
Yeah my visa balance has reset both times I’ve upgraded but always been sorted quickly through live chat, They’re good at replying,should hope so for them fees
@ghostt8679 2 жыл бұрын
@@IIlIlIll perfect
@middy77 2 жыл бұрын
the 30day fee-free is BS.. i was trading in usd.. and they dont display their fees when you sell to USDT.. so beware
@Allan-fg1vb 2 жыл бұрын
Thanks for the video, from your spreadsheet i did a bit of further investigation and found usdc for me is only charging upto 0.69880 on withdrawals where as usdt is charging upto 2.49209 approximately when converting to my fiat currency. Usdc seems more reasonable. Can anyone help verify i havent made a mistake here. Thanks
@kawary 2 жыл бұрын
so how can avoid that? Which exchange should I use?
@dokainish 2 жыл бұрын
Could you please show how you trade from one coin to another in order to save $, the hidden fee’s are stupid. Thanks
@AndrewDronoff 2 жыл бұрын
Just withdraw your coins to Binance for example and trade it there. And than deposit it back to CRC if you want again.
@freshcherrypie 2 жыл бұрын
Definitely have to keep this in mind even with the smaller amounts I was “converting” on the platform! Going to transfer money onto the platform to avoid the 3% fee in future!!!!
@ivebentrading 2 жыл бұрын
Yeah it took me a while to figure out I was paying these fees! Now I’m very careful with any trades I do and basically just transfer money now!
@joefierro567 2 жыл бұрын
Bro... Fortunately, I caught this in my first few days, but still several trades in! Great video, can't wait to see your moves! LOL
@Eye4eye007 2 жыл бұрын
Same, and here I am, still using it. I feel like it’s not too big of a deal with the trades I’m making. I’m only losing like $0.30-50 cents
@lancebrown8823 2 жыл бұрын
Yeah, I just got screwed selling Shib. It was 1134, they said I sold at 1040. Bull....I don't have a lot of money to spend. It's going to take a bit to make up what they took.
@forandringsrommet7693 2 жыл бұрын
Is it possible to send crypto from the app to the exchange and do the trading there and then send it back? Is that without fees, or is it only with cro? 🤔
@Zero-Investing 4 ай бұрын
How do we work out our fees for tax purposes?
@laurilemmle5873 2 жыл бұрын
Why would you "trade" on the CDC app instead of the exchange?
@ivebentrading 2 жыл бұрын
The exchange isn’t available in the US yet , but once it is I’ll definitely be using it ! :)
@laurilemmle5873 2 жыл бұрын
@@ivebentrading Ah, ok. But you have other options for trading in US, right (Binance exchange, FTX exchange etc)? And overall, 1-2% conversation fee is normal for most platforms including Kraken/Binance etc when buying crypto.
@ivebentrading 2 жыл бұрын
@@laurilemmle5873 yeah i use binance us, KuCoin , coinbase pro and the fees are actually much cheaper on those exchanges , coinbase pro being the most expensive starts at .5 % but depending on your volume it’s lower so I’m paying about .25% right now and on KuCoin it’s .08% so it’s really nice elsewhere! I would love to see their fees more competitive with these exchanges
@mcmerry2846 2 жыл бұрын
@@ivebentrading so, what's the app for???
@persymonasalag Жыл бұрын
in crypto app there is huuuge differecne beetween seel and buy price ,, so if you buy token and want to sell even if cprice dont change at all you loosing 3 % :D for 100k its 3k for just tranaction fee
@Calupp 2 жыл бұрын
Whats the best exchange to trade CRO? I got stuck with CRO after realizing i lost over $300 in 4 trades and held it because I didn't want to pay another $100 to trade. Absolute scumbags
@mcmerry2846 2 жыл бұрын
Sue them
@nizamrosli1112 2 жыл бұрын
since visa debit card is not available in my country I just stake at the supercharger program. But I really hope they will get approval in near soon
@ivebentrading 2 жыл бұрын
I hope so too! I think once it reaches more people and they allow more countries the cards and exchange access, we will see it take off!
@sjay4673 2 жыл бұрын
As always, great content, Ben! Keep up the excellent work!
@ivebentrading 2 жыл бұрын
Thank you 🙏🏻 appreciate you!
@BeachesNguns-fl4cx 5 ай бұрын
15% fees for selling order.. it won’t execute my target price
@rogievachon555 2 жыл бұрын
If I stake ADA at $ 2 and the price goes up 2.50 does will that price reflect in the staking or does it still stay at $ 2
@rbartholo1 2 жыл бұрын
Thanks for the video!! Great information!
@ivebentrading 2 жыл бұрын
Thanks! Just be cautious with the fees cause they add up quick and it took me a while to realize ! So I had to share with you all!
@CelestialWhisper464 2 жыл бұрын
Thank you for your honest advice!
@ivebentrading 2 жыл бұрын
You’re welcome!
@CelestialWhisper464 2 жыл бұрын
@@ivebentrading Hey Ben, would you mind doing a video of how to cash out CRO to the bank account while avoiding the high transaction fees? That would be super helpful and thanks in advance!
@ivebentrading 2 жыл бұрын
@@CelestialWhisper464 yes definitely will make a note of that right now !
@CelestialWhisper464 2 жыл бұрын
@@ivebentrading appreciated it!
@ivebentrading 2 жыл бұрын
@@CelestialWhisper464 of course !
@mcmerry2846 2 жыл бұрын
So, what's the app for??
@iliaannai3627 2 жыл бұрын
I had a 16€ fee by selling 46 derace to usdc and 21.25€ to transfer them to metamask. What a rip-off!
@ivebentrading 2 жыл бұрын
Yeah I’ve paid hundreds in fees before I even realized so now I’m very cautious about every transaction I do , I never thought they would be that high !
@movenus99 2 жыл бұрын
That's an erc-20 token, right? Then fees for sending those are high, because eth fees are that high. That's not CDC's fault
@ivebentrading 2 жыл бұрын
@@movenus99 the transfer fees aren’t cdcs fault and that’s not the issue, it’s the trading fees on the app they hit you with , still love cdc a ton I just don’t make sells on there because of the fees
@jasonthedad5660 2 жыл бұрын
I ran into this hidden fee problem this morning. The market was correcting and I didn't want to ride it down. I made some quick moves and I couldn't figure out why the resulting total was so low. Which exchanges do you withdraw to when you want to trade?
@ivebentrading 2 жыл бұрын
Same and it’s frustrating because it’s taking a big chunk out of potential profits , I withdraw to KuCoin because KuCoin fees are .08% so if I were trading with 1000 dollars it would be 80 cents versus 15-20 dollars on cro exchange. I never noticed these hidden fees until more recently and always thought why are my trading results not very good on here. So I personally don’t trade very much at all on cro exchange.
@chadashcroft22 2 жыл бұрын
Awesome video I just used your referral code :)
@ivebentrading 2 жыл бұрын
Thanks so much! Appreciate you!
@stargazer3364 2 жыл бұрын
Hi. You said to withdraw to another exchange but didn't say where to. Also, maybe a video on how to do that would help some of us inexperienced useres.
@abab-kl2gt 2 жыл бұрын
That's not the extrange that is the app there is a big difference.
@mohammedislam8850 2 жыл бұрын
Wow. I got hit on my first day. Nasty hidden fees. I spent 25k and my fees were 350. I'm not using this again.
@Oddsboy 2 жыл бұрын
This is how the are able to afford all these advertisements
@fullmetalal-chemiststoryma1528 5 ай бұрын
First guy who tell aboute real fee on CRO app u got sub from me bro thnx
@AndrewDronoff 2 жыл бұрын
I wish they have this up to 2% fee on trading in app. But it's looks like they are starting at 2% and i've seen them up to 6% fee. Insane!
@REAL-UNKNOWN-SHINOBI 2 жыл бұрын
$50 fee just to close my account? NVM I'll keep it open then
@BlackTiger-rz7zt 2 жыл бұрын
Mate using 50x in deriative means I need to pay 20% in fees? ??
@Unknown97435 2 жыл бұрын
Hi mate, can’t withdraw on flexible term? It won’t allow me. Any idea why?
@ivebentrading 2 жыл бұрын
Go to crypto earn, then click on the minus button at the top left and select the crypto you want to withdraw on flexible . Let me know if this works! Hopefully this helps you
@Unknown97435 2 жыл бұрын
@@ivebentrading thanks a lot mate! Loving the content!!! Any idea as to how I can avoid the selling fees for example $388 is The total but when I transfer to fiat wallet it comes down to $364 why is this? Thanks
@enzo_giglio 2 жыл бұрын
Hey ! Did you already experience hidden fee on the Earn feature ? Two times I staked money on it and two times I could see the amount of money staked was less than the real amount I entered in it...
@ivebentrading 2 жыл бұрын
I haven’t yet but I’ll try it out and see if I have the same issue
@Pianist7137Gaming 2 жыл бұрын
@@ivebentrading update us, planning to stake too and saw another post in reddit where the guy had less amt staked than the amt he entered
@360integration 2 жыл бұрын
This is not the exchange though. Came here for the exchange. Those are two different apps
@remmrek 2 жыл бұрын
@@ivebentrading they take an upfront fee when you stake, and you basically just 'earn' that fee back and have to pay taxes on it.
@AndrewDronoff 2 жыл бұрын
The thing is: When you are staking coins, they just calculating it's price in fiat and stake that fiat indeed. So, your interest is calculating of amount of fiat staked at the time. Lets say you've staked 100 ADA. At the time 100 ADA was 105 USD, so they are taking this amount of money as stake and paing you interest of 10% (let say) of this on this 105 USD for all your stake period.
@razvandumitrescuvideograph2116 2 жыл бұрын
Hello, This is exactly how I suffered, I sold directly in the application and instead of 162 euros I received 140, the next step was to sell in exchange , but there I can sell just in another currency and the most stable would be usdt, and after that to send usdt back to the application, but how do I apply to usdt to withdraw the money in my personal bank account ?? I should sell usdt in euros right ?? And i will suffer the same… My question is how can I sell to have the money in euros with the lowest commission… thank you
@ivebentrading 2 жыл бұрын
If you have coins you want to sell, and withdraw the funds to a bank account then you need to sell into the fiat wallet and not the crypto wallet. Then in the Fiat wallet you should be able to initiate a withdrawal to your chosen bank account.
@j.villaknows3862 2 жыл бұрын
So should i buy cro on CB Pro and deposit to CDC? I was gonna drop 4k on CRO on CDC to get the Jade Card. But i started just buying $500 on Cro a day (only twice so far) to rack up daily diamonds. Can i get the best strategy?
@mcmerry2846 2 жыл бұрын
Hey man, how did it go?? I'm looking to invest in some cro
@tiagocunha3748 2 жыл бұрын
What you recommend to buy large amount in CRO, like 5k?
@ivebentrading 2 жыл бұрын
The answer I always come up with is, whatever you feel comfortable with. If it is going to cause you a lot of stress than that means that you might be risking too much.
@ghostt8679 2 жыл бұрын
Damn, how much is your CRO worth now?
@adrianapayan2756 2 жыл бұрын
Ver y good, thank you. The back ground músic too loud
@ThePicelessOne 2 жыл бұрын
this was a great video!!!!
@samse3233 2 жыл бұрын
Yes I have same problem with the app to They take hidden fee. They lie
@ivebentrading 2 жыл бұрын
Yes be careful when you sell on there
@snoopys14 2 жыл бұрын
Best video ever, lunc is mad not sure if it's a fee or what but when I sell back to FiAt GBP it's £1,014.96 no fee but when I sell with the fee it's £856 . Not sure what's going on. Kraken here I come
@ceptember. 2 жыл бұрын
Anyway to be able to have like a debit card with your crypto account so I can just make a purchase directly instead of having to transfer profits to my bank account?
@ivebentrading 2 жыл бұрын
Yes you can I don’t have my bank account linked to crypto com , you can just sell crypto to get funds onto your debit card. I just transfer crypto or usd from coinbase pro or if I have extra on crypto com I just use that
@ceptember. 2 жыл бұрын
@@ivebentrading I'm not sure if I'm understanding you correctly but I think what you're saying involves a transfer fee for moving from the exchange to the bank, you have to wait three to five business days for your money to get moved, and there's a minimum amount you have to transfer. Are there any exchanges where they have a card you can use to avoid all that?
@ivebentrading 2 жыл бұрын
@@ceptember. well personally I’ve just been using my crypto that I already have to add funds to my debit card if that’s what you’re asking , wait are you asking if you can use a crypto debit card to spend your crypto instead of withdrawing to the bank? Cause that’s what I’ve been doing with my crypto debit card ! I’ve just spent with that and never have to deal with all the transfer to bank and stuff
@ceptember. 2 жыл бұрын
@@ivebentrading ah, ok now I understand : ) crypto debit cards so exist. gawd I'm fkn excited! makes things so much easier. thank you for explaining to this noob :D
@ivebentrading 2 жыл бұрын
@@ceptember. okay sweet:) check out my other videos about the crypto com debit cards! They’re my favorite and why I love cro!
@andredionne8522 2 жыл бұрын
Great video :)
@ivebentrading 2 жыл бұрын
Thank you 🙏🏻
@saulherrera6588 2 жыл бұрын
True they changed my over 2700 for a sell😡😡😡😡😡
@Unknown97435 2 жыл бұрын
How much did u sell ?
@grownupgaming 2 жыл бұрын
8:00 YES! Ive paid thousands of USD...
@Trancer006 2 жыл бұрын
So is it possible to convert a coin to USD within the app and use it in any purchases?
@ivebentrading 2 жыл бұрын
Yep! you can convert the coin to USD and use that to top up a Crypto.com card and make some purchases.
@Trancer006 2 жыл бұрын
@@ivebentrading Is there a fee to convert coins to USD?
@The-Humble-Trader 2 жыл бұрын
CRO exchange rates suck. Very disappointing.
@uphillladder 2 жыл бұрын
Aweome video thanks
@ivebentrading 2 жыл бұрын
Thanks 🙏🏻 I appreciate it!
@tannertanner1 2 жыл бұрын
THE CRO/CRYPTO EXCHANGE 'SPREADS' OMG UGG
@Calupp 2 жыл бұрын
Fees 6:53
@ramonelgigel8528 2 жыл бұрын
WTF??? FALL ASLEEP 😪
@naseerjamal87 2 жыл бұрын
Plz remove background music ur voice is low and music is high
@decentralizedfusion205 2 жыл бұрын
Perfect Crypto insight, amazing video, made my own share the love ;)./
@ivebentrading 2 жыл бұрын
Thank you 🙏🏻 I will check out your stuff! Appreciate you!
@decentralizedfusion205 2 жыл бұрын
@@ivebentrading any comment's would be great :)
@harrysoghomonian1990 2 жыл бұрын
your a good man
@ivebentrading 2 жыл бұрын
Thanks Harry!
@persymonasalag Жыл бұрын
nice movie
@opctpos. 2 жыл бұрын
You talk way too fast.
@ivebentrading 2 жыл бұрын
That’s from the editing my editor does, it has lots of jump cuts to speed up the videos , I will try and talk a little slower :)
@headbull 2 жыл бұрын
6:50
@mccullumdamps5785 5 ай бұрын
How many women got pregnant here 😅
@vutifjtigoinj2824 2 жыл бұрын
Transaction fees are insane. Also the deposit whitdraval stabel coins use erc20.
@ivebentrading 2 жыл бұрын
yea, it's not nice that the fees are hidden. Not the best way to go about it.
@vutifjtigoinj2824 2 жыл бұрын
@@ivebentradingalso great video, i wasn'sure about this cs nobody i saw covered this information. So god bless u🍺
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