questions, answered.
A concise guide to trading, custody, fees, and the protocol. Answers are based on Crystal's official documentation.
What is Crystal?
Crystal is a fully onchain central limit order book exchange built on Monad. It combines an order book's capital efficiency with permissionless access, self-custody, and composability. Read the overview.
Do I keep control of my assets?
Yes. Crystal is non-custodial and does not require deposits into an exchange account. Orders and settlement are handled through smart contracts while you retain control of your wallet.
How do I start trading?
Connect an EVM-compatible wallet funded on Monad, then open the Crystal app. Markets can be accessed without creating a custodial account.
What fees does Crystal charge?
The documented spot maker fee is -0.005%, meaning filled orders that add liquidity receive a rebate. Taker fees range from 0.01% to 0.035%, depending on the market, while Monad gas costs are designed to remain negligible. View fee details.
Does Crystal require KYC?
No. Crystal is permissionless and the interface does not require identity verification or a traditional exchange account. You only need a compatible wallet to interact with the protocol.
What is Wrapped Monad?
Wrapped Monad is an ERC-20 representation of MON that is pegged 1:1 and redeemable without a conversion fee. Crystal uses the wrapped token for MON limit orders because each market operates with ERC-20 assets.
Why is Crystal built on Monad?
Monad gives the order book fast execution and low gas costs while remaining EVM-compatible. Crystal's documentation currently describes the protocol as deployed solely on Monad to avoid fragmenting liquidity across chains.
How are orders matched?
Market orders execute against the live onchain book immediately. Resting limit orders are organized by price and filled first-in, first-out within each price level, with execution at the specified limit price or better. Explore the architecture.
How is protocol security handled?
Crystal's documentation describes the contracts as audited, immutable, and fully onchain. Smart-contract and market risks still exist, so review the documentation and risk disclosure before trading.
