introduction
Crypto Funding allows you to use your existing crypto balances on Crypto.com App in order to fund derivatives orders, including Strike and UpDown Options. This new funding option not only allows you to pay the remaining amount of your order in crypto when you don't have enough dollar balance to complete the transaction, but also allows you to fund an order of derivatives in full using your crypto. This provides you with more flexibility while trading on the app, giving you another way to utilize your assets and grow your overall portfolio.
Supported tokens
All 350+ tradable tokens, including BTC, ETH, and CRO on Crypto.com App can also be used in Crypto Funding. You should ensure that you carefully go through the required amount of tokens and the exchange rate displayed on the trade screen before proceeding with an order.
Eligibility
All existing users with USD fiat wallets in the US, except Louisiana (LA), will be eligible for access to Crypto Funding.
Use cases and user interfaces
- When your USD balance is enough to cover the entire cost of your order, you won't see the ‘Fund With Crypto' option under the ‘Fiat (USD)' tab.
- When your USD balance cannot cover the full cost of the contract, you will see the ‘Fund With Crypto' option and you will be able to pay the remaining amount of the order with the crypto you prefer.
- When you go to the ‘Crypto' tab, you can select your preferred crypto to pay for your order.
- When you don't have enough balance for the selected crypto, you'll see the ‘Fund With USD' option and you can fund the remaining amount of the order with USD.
Order Processing Time
Crypto Funding is one of the instant funding options. Once your order is submitted and confirmed by the app, your order will usually be placed within seconds. However, this depends on the liquidity percentages available in the market at the time of placing your order.
