Whatever you do in the cryptocurrency space, you will have to pay transaction fees at some point. These fees, if not watched, can cut into the profit you could make, whether you are trading, staking or even HODLing.
Different exchanges have different trading fees that they charge for cryptocurrency transactions, and it is time we reviewed these exchanges based on their trading fees.
When looking for a crypto exchange with low fees, you need to take into consideration the trust score of such exchanges. This is because being charged up to 5% on trading fees is far better than having your crypto asset on an exchange with low fees but has other plans to wipe your crypto asset.
So, as we walk you through our list of crypto exchange with low fees, we will use trust as a factor.
The trading fees of any exchange will be in a ranges depending on whether the user is placing a maker order or a taker order.
A maker order is an order to buy an asset at a future market price, while a taker order is an order to buy an asset at a current market price. A taker order will match an already existing order with an opposite position and get fulfilled immediately, while a maker order does not get matched immediately and creates liquidity in the market (which is what any exchange wants).
With maker orders creating liquidity and taker orders taking liquidity in the market, exchanges charge low trading fees on maker orders and high fees on taker orders. So as we go through the list of crypto exchanges with low fees, the type of order will also be a factor.
So let’s go through the top 8 cryptocurrency exchanges with low fees.
8 Crypto Exchange with low fees.
1.Binance.
When it comes to ranking the top crypto exchange with low fees, Binance comes out on top. Binance is the biggest cryptocurrency exchange by volume, offering over 1000 trading pairs to its users available in over 180 different countries.
Not only that, Binance is the most trusted cryptocurrency exchange across the globe, employing security measures like 2FA Verification, Phone Number Verification, and lots of other security measures.
Binance charges a maker and taker fee of 0.1%, which is fair enough considering how secured your assets are on the exchange.
Another amazing feature of this exchange is that it does not charge any staking, or deposit fees. These will allow you to do away with your profits after trade completion and you want to withdraw.
2.Kraken.
Kraken is another popular crypto exchange with low fees, offering a huge list of crypto pairs to its users. Krakens, an American bitcoin exchange that offers various funding options to its users, ranks fourth in terms of trading volume.
Also, Kraken offers a large number of staking coins and trading pairs (over 150) to its users, all at very friendly fees.
Kraken also provides a wide range of payment methods, including bank transfer, which is one of the most convenient ways to fund an account.
Kraken charges a maker and taker fee of 0.16% and 0.26%, considering that a maker order will add liquidity and a taker order will remove liquidity from the market (which is the opposite to what an exchange wants).
3.Polonix:
When it comes to the best crypto exchange with low fees, Polonix is another great option for you.
Polonix has many features, offering a huge number of supported coins and staking options to its users, all at very low fees. In fact, Polonix has a maker and taker fee as low as 0.125%, which is a rare amount among other cryptocurrency exchanges.
In addition to that, Polonix doesn’t charge for deposits. This means that you can buy and sell crypto on the exchange without having to lose a bunch of your profits.
Although Polonix ranks high in the list of crypto exchanges with low fees, it has some pitfalls.
For instance, Polonix has a history of being hacked in 2014, with the hackers making away with a huge number of bitcoins on the exchange. This mess reduces the trust score of the exchange and therefore makes it lower in the ranking.
In addition to having been hacked, Polonix has limited availability in different countries. For instance, polonix is not available in the U.S.
4.Pionex:
Pionex is another popular crypto exchange that was invented in 2019 by the CEO: Daniel Seng-Cheng YEO
Pionex has a very low maker and taker fees of 0.05%, which is friendly enough compared to what is seen on most other popular cryptocurrency exchanges. In addition to that, PIONEX also charges a zero fee on deposits.
In addition to low trading fees, Pionex has a good trading bot which allows users to trade crypto automatically without having to be present on the exchange.
5.Etoro:
Etoro is another popular exchange with a low fee. eToro has a very high trust score and offers a very user-friendly web-based platform and mobile apps to its users in a broad range of markets.
Talking about the trading fees, Etoro charges zero fees on maker and taker orders. But this does not mean that the platform charges no fees for trading.
Instead, etoro uses an alternative way of charging for the trading fee, which is a spread fee of 0.75%. In Spread fee, Rather than charging a separate trading fee for placing an order, the cost is included in the buy and sell price.
Another outstanding feature of the platform is its zero deposit fees. This makes trading in on the platform more treasurable.
6.Bybit
Bybit is another popular exchange, founded in 2018 by Ben Zhou. Recently, Bybit has experienced a fast-growth, recording a huge trading volume on a daily basis.
When it comes to crypto exchanges with low fees, Bybit stands out, having a zero maker fee and a 0.075% taker fee. In addition to that, deposits is free on bybit.
So, if you’re looking for a low-fee exchange, bybit is a good choice.
7.KuCoin
Kucoin is another popular crypto exchange with low fees. Currently, KuCoin supports up to 500 coins and has a trading volume of about $4.5 billion.
KuCoin offers a range of crypto features that can help you skyrocket your crypto portfolio. For instance, KuCoin offers staking opportunities, lending, and margin trading.
When talking about trading fees, KuCoin charges 0.1% both for maker and taker orders. In addition to that, KuCoin charges no fee for deposits but charges for withdrawals. Your withdrawal fee depends on the cryptocurrency assets you’re withdrawing.
8.CEX.io
CEX.io is another popular crypto exchange with a low fee and has up to four million users from different countries.
CEX.io also has some features like margin trading, staking opportunities, and an official debit card.
Talking about its trading fees, CEX.io charges 0.16% for maker orders and 0.25% for taker orders. Also, the platform charges 2.99% for deposits and a variable withdrawal fee depending on where your asset is going.
Comparison Of The Top 8 Crypto Exchange With Low Fees.
Base on Trust, Makers fee, takers fee, Deposit Fee and withdrawal fees, here is our comparison of the top 8 crypto exchange with low fees.
| Exchanges: | Makers Fees | Takers Fee | Deposit Fee | Withdrawal Fee | Trust Score | Visit Site |
|---|---|---|---|---|---|---|
| Binance | 0.1% | 0.1% | Free | Varies | Highly Trusted | Visit Site |
| Kraken | 0.16% | 0.26% | 0.9% - 1.9% | Varies | Highly Trusted | Visit Site |
| Polonix | 0.125% | 0.125% | Free | Varies | Trusted | Visit Site |
| Pionex | 0.05% | 0.05% | Free( 3.5% card Deposit). | Varies | Trusted | Visit Site |
| Etoro | 0.75% spread Fee | 0.75% Spread Fee | Varies | Highly Trusted | Visit Site | |
| Bybit | Free | 0.075% | Free | Varies | Trusted | Visit Site |
| KuCoin | 0.1% | 0.1% | Free | Varies | Trusted | Visit Site |
| CEX.io | 0.16% | 0.25% | 2.99% | Varies. | Trusted | Visit Site |
Conclusion:
With what we have covered so far in this post, there are three basics that you need to watch out for while choosing a crypto exchange with low fees: trust score, surpoted crypto asset, and maker-taker fees. These three factors, when taken into consideration, will not only reduce the amount that you will spend on transaction fees but also make sure that your cryptocurrency assets are stored securely.
While there is no certified crypto exchange with the lowest fees, a combination of the factors we mentioned above will help you choose the best for yourself.
Disclaimer:
As always, the information on this page is based on our experience and the research we have done. You can refer to our disclaimer page to know how you should treat information on this website.