CrossTower Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed CrossTower fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of CrossTower
CrossTower is a progressive American crypto exchange with a branch in India that offers zero taker fees. Maker commissions are up to 0.05% of the trade amount. The most popular cryptocurrencies and tokens are traded on the platform, including Bitcoin (₿), Ethereum (Ξ), Tether (₮), USDC, SUSHI, AAVE, and others. For advanced traders, there is a crypto trading API. The exchange offers a range of solutions for corporate clients. The referral program brings 25% of the commissions paid by the invited users. There are no other investment solutions. All clients are provided with a free multicurrency wallet that you can use for deposits and withdrawals via most modern methods, including direct transfers from VISA and MC cards. The exchange has a standard trading terminal in the browser and its own mobile trading application, which is rated as intuitive, secure, and functional.
👍 Advantages of trading with CrossTower:
•the most popular cryptocurrencies and tokens are available for trading;
•private taker commission is 0% for all trading pairs but when trading through the API, there’s a fixed commission of 0.06%;
•maker's commission no more than 0.05%;
•no minimum deposit and no restrictions on trading strategies;
•free multicurrency wallet with fast deposit and withdrawal of funds;
•specialized solutions for corporate accounts;
•proprietary training system for novice traders;
•easy-to-learn built-in TradingView terminal;
•profitable referral program pays 25% of the referee’s commissions.
👎 Disadvantages of CrossTower:
•no investment solutions;
•not possible to trade fiat;
•communication with technical support is only via email.
CrossTower Commissions and Fees
Exchange commissions differ for a maker, private taker, API taker, and institutional traders. For a maker, the commission depends on the trader's trading level, which is determined by the trading volume:
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BTC <30 it’s 0.05%;
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BTC 30-100 it’s 0.03%;
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BTC >100 it’s 0.01%.
For a private taker, all commissions are 0.0%, regardless of the assets involved in the trade and the total trading volume. For takers using the API and institutional takers, the commissions are 0.06%; and they also do not depend on third-party factors.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.05 % per order | Yes |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at CrossTower suitable for beginners?
Analysis of CrossTower shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Are the fees charged on a demo account?
Yes, but they are written off the virtual funds you use for trading on the demo account. This allows you to learn the level of the fees.
Why do some brokers set a high minimum deposit?
Many companies with high minimum deposits are focused on working with professional traders with experience and large capital. Therefore, they set a high entry threshold.
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.