With the growing awareness, more and more people are interested in cryptocurrency trading. However, it’s pretty hard to find the lowest fee crypto exchange rates in this era of inflation. Some websites claim to provide the cheapest crypto exchange rates but have other charges hidden.
Did you know there are more than 300 crypto exchange platforms on the internet? In such a stance, it’s nearly impossible to understand each platform’s algorithm. Who to trust and who is ready to snatch every penny from your pocket? Experts recommend going for those platforms that have diversified crypto trading options. They must be charging 3% or below fees for credit or debit card processing. However, you can take help from Xero Experts for crypto accounting!
Reliable Lowest Fee Crypto Exchanges
- Pionex – Allows automated trading 24/7 with convenience
- eToro – Generally best crypto exchange with lowest fees
- Binance – Lowest fee crypto exchange with vast asset selection
- Bybit – Instant buying and selling crypto platform
- Kraken – Top staking crypto exchange
- Coinbase – Easy to use for new traders
Lowest Fee Crypto Exchange Reviewed
The platforms listed above are reliable with genuine crypto exchange with lowest fees. So, if you are planning to buy some cryptocurrency for yourself, this guide is going to save a lot of your money.
Let’s get started!
Pionex is one of the largest crypto exchanges working with 18 free trading bots. It allows the users to automate the trading 24/7 uninterruptedly. You can manually trade as well via crypto-to-crypto conversions. Pionex offers the cheapest crypto exchange where the transaction fees for makers is 0.05%. It’s the same i.e., 0.05% for takers as well.
One of the most respected crypto platforms for social copy trading stocks, CFD, securities, forex, and crypto exchanges. Being a regulated platform, eToro offers the lowest fee crypto exchange. With no transaction fee for either opening or closing a trade, at eToro, you can enjoy a 0.75% fee for BTC trading.
The platform supports over 150 cryptocurrencies including Litecoin, Ethereum, BNB coins, and Bitcoin. Makers and takers are charged at 0.0750% to 0.0525% if the transaction is not more than 1500 BTC. Don’t forget this bar is set for 30-day trading, and the fees will increase in case of the exceeded trading volume.
Binance is one of the largest crypto exchanges in the market because it has millions of users around the globe. The exchange compels these users due to its competitive trading rates and quality trading options. Moreover, the exchange is completely safe against any kind of cyber thefts and system failures because the company has strong security measures in place. So, if you are looking for a lowest fee crypto exchange then Binance can be a potential exchange for you.
Bybit is a well-reputed crypto derivatives exchange that is highly admired by advanced traders in the market. With a 0% maker fee rate for spot trading and a 0.1% fee for the takers, Bybit is an intuitive cryptocurrency platform. It’s a crypto exchange with the lowest fees with multilingual support round the clock. Users can enjoy high-frequency trading at lightning speed with convenience.
Bybit also has multiple security measures in place to safeguard user assets. As the exchange stores 100% of user funds offline within cold storage or cold wallet. Moreover, every transaction either a withdrawal or deposit, is individually reviewed to avoid unauthorized transactions.
Highly secure platform to trade cryptocurrency, Kraken offers the cheapest crypto exchange to all. With trading volume below $500,000, the maker fee varies from 0.16% to 0.10%. The taker fees however vary from 0.26% to 0.20% if the trading volume is the same.
Coinbase is another lowest fee crypto exchange with millions of users around the globe. Just like Binance, it also uses a maker-taker fee model to define trading fees for each transaction made. For the orders that add liquidity (maker orders) in the market have a different rate than taker orders that take liquidity from the market. Additionally, the trading fee on this exchange is determined based on the current pricing tier the user is in when they place an order. As for the fee tier, it is recalculated on an hourly basis depending on the user’s total trading volume.
This is a European crypto exchange that has gained a lot of popularity over the years. It allows users to buy and sell cryptocurrencies with a credit card or bank transfer. However, the fees for these transactions are not the cheapest you can get but it can be an alternative for those who want to use their credit card for trading cryptocurrencies.
Bitfinex is a cryptocurrency exchange that offers fiat-to-crypto and crypto-to-crypto trading with leverage up to 3.3x. The fee model is maker-taker where every transaction is subject to a fee depending on its type as either maker or taker.
The taker fees are 0.2% while the maker fees range from 0% to 0.1% depending on their 30 days trading volumes.
Coinmama is another best cryptocurrency exchange that charges some of the lowest fees among all exchanges globally. With only 5% payment fee, it allows users to buy cryptocurrencies using their credit card.
The exchange has a very comprehensive FAQ section which makes it easy for new users to learn how to use the platform.
CEX.io is a cryptocurrency exchange that offers trading between USD, EUR and RUB for several cryptocurrencies. The company also provides its users with a range of services including online wallet, mining pool, exchange service and merchant solutions.
The trading fee on CEX.io is dependent on the 30-day trading volume of the user and it varies from 0% to 0.2% depending on the volume traded by the user..
Crypto assets are extremely volatile and unregulated investment options. But with the risk comes incredible benefits. Therefore, it’s better to choose wisely a secure platform with the lowest fee crypto exchange that can benefit your capital on the whole. Platforms mentioned in this blog offer high-volume trading at the lowest possible exchange rates for your convenience.
However, how can you identify if it matches your requirements or not unless you know some major factors to look for. As a beginner, make sure you know the details that are mentioned above.r
Be sure to know each platform thoroughly before starting investing and exchanging your currency to the crypto platform.