Users Slam App Fees | Struggles to Sell CRO for EUR Intensify
A growing number of people are expressing frustration over high spreads when selling CRO for EUR through mobile apps. Many report fees exceeding 20%, which has them upset and looking for alternative options.
The Unfair Reality of Selling CRO
Individuals have highlighted the problematic experience when converting CRO to EUR. One person noted, "For every €100 worth sold, I only get €79! How can I sell without these ridiculous fees?" This is a common concern among those selling through apps.
Another user emphasized the inflated pricing further, stating, "The app has fake prices. Please, just transfer to the exchange where the real price is!"
Shifting Strategies: Exchanges vs. Apps
There's a notable shift as many suggest that switching to exchanges could avoid these steep fees. Several comments have pointed out the pricing discrepancies between apps and exchanges. One user mentioned, "Exchange has CRO priced at 9 cents, while the app shows 9.2 cents. I feel like I’m losing money trading through the app."
Users continue to recommend using the CDC Exchange, which reportedly has lower transaction fees, especially when placing limit orders. "You can transfer your CRO to the CDC Exchange with no transfer fee. Selling there could cut your costs significantly," asserted another participant.
Interestingly, those who have adapted to using exchanges seem to have an easier time. One user observed, "Ever since I figured out the exchange, I do all my selling there. No point in paying daft money in commissions each time."
Financial Trends: Users’ Mixed Sentiment
While a majority express frustration with app fees, some remain positive about market growth potential. With warnings about the misleading values on applications, many users encourage a transition:
"The real CRO price is the one in the Exchange. The CDC app shows false and inflated values," stated another critical voice in the community.
Key Insights
△ Users report spreads over 20% when converting CRO via apps.
▽ Switching to exchanges can save on market transactions.
※ "The app has fake prices" - Common concern among users.
As CRO's popularity grows, the question remains: can users find solutions to these punitive fees?
The Shift in Trading Dynamics
With rising dissatisfaction, there's a good chance many will turn to exchanges for selling CRO, which could lead to increased trading volumes. Many experts estimate that up to 60% of sellers might switch from mobile apps to exchanges like CDC to escape high fees. Increased competition among exchanges might push transaction fees down, benefiting sellers even further. If applications fail to cut their spreads, they risk losing user trust and market share, which could force them to adapt sooner than they expect.
Historical Parallels
This issue recalls the early days of online ticket sales, where consumers faced high fees on ticketing apps until they learned about cheaper platforms. Just like those buyers, crypto sellers today are beginning to scrutinize their options. The takeaway is evident: paying closer attention to fees can lead to better financial outcomes.