What is a withdrawal fee?

The withdrawal fee or compensation is an amount some banks charge customers when a loan is cancelled or repaid before the agreed maturity date, either partially or in full . This represents lost earnings for the bank, with the compensation corresponding to the interest it will stop receiving.

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Are Crypto COM fees high?

Where Crypto.com falls short. High fees for credit or debit transactions: Fees for purchases made with a credit or debit card are quite high — it was 2.99% in late 2021 . Though these fees can be avoided with some legwork, this has historically been the most convenient way to fund a Crypto.com account with cash.

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