Is there a Crypto.com Promo Code?
Crypto.com is a prediction market trading place, and while there is no Crypto.com promo code, I’ll still detail the crypto exchange options below and how you can get it via the Crypto.com app or desktop website.
Crypto.com Overview
It’s important you understand that when you are registering an account with Crypto.com, you are creating an account for the entire site, not just the prediction markets section. I have done a little crypto trading on this site, and from my experience, these missions typically involve hitting specific trading value milestones. You can see some basic information about this system below:
- This is only for Crypto.com crypto exchange customers.
- There are different trading missions to complete to unlock rewards.
- Any missions you have must be completed within 30 days.
There are no downsides to these missions and I think that they are something you can work at as you trade on the site and potentially benefit from. You just have to remember that this rewards scheme only applies to trades made on the general crypto exchange.
How Do Prediction Trading Sites Work?
As I said earlier, I wasn’t surprised that there wasn’t a Crypto.com promo code. I’ve used a range of prediction market sites and hardly any of them have any codes available. Prediction market sites are something completely different, and as a result, they operate in a different manner.
How to Sign up at Crypto.com to Start Trading Predictions
Whether you want to get the Crypto.com trading exchange welcome missions, or you want to see what Crypto.com sports predictions and other markets they provide, you need to register an account, and this can be done via these steps:
- Tap the Crypto.com banners here.
- Tap the sign up button.
- Follow the instructions.
- Enter the SMS code.
- Scan the QR code to start ID verification.
- Follow the ID verification steps.
- Log in using your new account details.
The registration process is quite detailed and I recommend setting aside a little more time to complete it. This is because as part of its KYC policy, Crypto.com requires that new customers immediately verify their phone number and do a full ID check. You’ll have to take a photo of something like a diver’s license or passport, plus take a selfie. I did these things and I think the process took me under 10 mins to complete - my ID was verified instantly, and after that I was free to explore the site.
Important Features and Facts I Learned About Crypto.com
I’ve used Crypto.com for a while now, and during that time I’ve learned some important facts about it such as the prediction markets it supports, its event contract system, and its legitimacy,
It Supports Both Sports and Events Prediction Markets
At Crypto.com you can buy, sell, and settle event contracts relating to two main categories of predictions - sports and events:
Sports
The sports predictions are the most extensive at Crypto.com and they typically cover basketball, football, soccer, hockey, baseball, golf, tennis, and motorsports. Whenever I’ve looked at the markets I’ve seen both futures and scheduled options for NBA games, for example, plus a range of ATP, WTA, and Grand Slam tennis events.
Events
There are fewer event predictions, but sub-categories within this genre include politics, economics, financials, crypto, culture, and companies. The political section is perhaps the most extensive and it features things like Presidential candidates, election results, and Federal Government decisions.
There Are Two Types of Contracts and Fees for Both
Most prediction market sites I’ve tried have a single type of event contract which settles for $1 if your prediction was correct. Crypto.com does things a little differently though as it has a $1 contract and a $10 contract. If you buy a $1 event contract and it settles, your return is $1 minus any fees, whereas if you buy a $10 event contract and it settles, you get a $10 return minus any fees. I think this is a great setup as it gives you more flexibility in how you trade your predictions.
It is important to understand those associated fees though, as this will affect the potential return you can get either from selling or successfully settling your contracts. At the time of writing, the fee structure is as follows:
- $1 Contract fee for opening and closing positions is $0.02 per contract.
- $1 Contract fee for settling is waived.
- $10 Contract fee for opening and closing positions is $0.20 per contract.
- $10 Contract fee for settling is $0.10.
Compared to other operators that I’ve tested, the Crypto.com fees are ok. I think it gives you enough room and movement to potentially make a return from selling your contract, and for settling.
It Is a CFTC Regulated Trading Operator
I only ever test and recommend legitimate sites and in the case of Crypto.com, I am 100% confident that it does what is needed to legally operate in the US. The Crypto.com Derivatives North America (CDNA) exchange which is responsible for providing the prediction markets is regulated by the CFTC - the Commodity Futures Trading Commission. This means that anyone from the US who is over 18 can legally register an account here, knowing that this site is regulated by the appropriate authority.
There’s an iOS and Android App
I mainly use the desktop version of the site, but you can also download a mobile app from the Google Play Store or App Store. Both have great reviews and ratings from other customers, and I’ve personally tested the Android version. I think it works great and it really allows you to dig into the prediction trading options and manage your contracts effectively. You can read more about it in my complete Crypto.com prediction markets review.
Conclusion - There Is No Crypto.com Promo Code
I was initially disappointed at the lack of a Crypto.com promo code, but I quickly got over it. Prediction market sites are not about it - they fundamentally operate differently to other sites so I think we simply have to shift our expectations accordingly. On the bright side, there is an option for prediction trading, which has a lot to offer.
