Crypto exchange with the lowest fees [2023 Ranking]
Cryptocurrency trading is done in two ways, either buying digital currencies and exchanging them for whatever you want, or storing them for profit. The former is largely speculative and most traders will rely on proven platforms, tools and strategies to turn a profit. Most crypto exchange websites use blockchain technology which can allow for decentralized ordering and decentralized storage and is also more secure thanks to the technique of encryption of information. But here's the problem with some of them, most cryptocurrency exchanges charge annoyingly high fees. At first glance, you would conclude that these fees are a result of the type of technology at play here, although that is also a factor. But there are also a handful of other platforms out there that charge,“with your church mind . "
So what do you think? Do some of these cryptocurrency exchanges intentionally increase their fees just to make more profit? Yes sounds like the most logical reason. No doubt exchanges literally have to deal with a lot from security to insurance and so on, which costs money, some platforms like Binance still keep it on the low end. As a result, this post will cover some of the top cryptocurrency exchange platforms with the lowest fees.
What are cryptocurrency exchanges?
In simple terms, cryptocurrency exchanges are platforms that help facilitate trades between digital assets or between digital and fiat currencies. They provide the technical requirements for this trade to take place, but without a fee. For more information about cryptocurrency exchanges, you can go through our post about it. Let’s stick to the goal here which is to list the best cryptocurrency exchange platforms with the lowest fees.
Disclaimer : This article is NOT meant to serve as an investment guide, it is for informational purposes only. We highlight as soon as we do NOT endorse any of the options. They are subject to your choice of decision and verification. We are not sponsored by any of the investment companies and the information provided here is to the best of our knowledge.
List of the best crypto exchange platforms with the lowest fees - Rankings
The following are some of the best cryptocurrency exchange platforms in 2021 with the lowest fees.
#1. CoinSmart
CoinSmart is a Canadian-based cryptocurrency exchange. Offers assistance 24 hours a day, seven days a week. It has a sophisticated identity verification system that can detect false addresses or birth dates. For this, it makes use of a database provided by the data collection agencies. For each cryptocurrency, users receive cold storage.
Additionally, CoinSmart accepts a variety of payment options including Interac, SEPA, bank transfers and all cryptocurrencies.
Deposits are credited to your account the same day they are received. However, it takes 5 business days to process cash withdrawal requests.
Meanwhile, account verifications are completed on the same day.
Features:
- A two-factor authentication system.
- For more experienced traders, it has a tool called Advanced Trade , which incorporates limit orders, stop loss, and real-time charts.
- An order book feature that allows you to place custom orders.
- A SmartTrade feature that allows you to trade from one currency to another without having to first switch to Bitcoin or Ethereum.
- It includes tools that allow you to keep track of all your trades and trading activities.
Trading fees:
For Bank Transfer and Bank Withdrawal, there is no fee. On credit or debit cards, there may be a fee of up to 6%—non-fixed. Electronic financial transfers, for example, are subject to a 1% charge.
#two. PrimeXBT
The PrimeXBT trading platform is best-in-class, with direct access to global markets and uninterrupted service. The platform runs a referral system that allows you to earn money by referring friends to your network. It refunds up to 50% of your trading commissions.
However, conversion is a smarter option. This technique gives you the luxury of choosing the best performing traders and automatically mimicking their trading behavior. You can also earn extra money by letting other people follow your trades.
Furthermore, PrimeXBT is a platform for trading Bitcoin, USD Tether, USDC and other cryptocurrencies on the world financial markets. With one account, you will be able to trade in over 50 markets, including cryptocurrencies, stock indices, commodities and more.
Trading fee:
There is no charge to open an account. So you can review the trading conditions and open a Margin, Convesting or Turbo account. Trading fees for cryptocurrencies are 0.05%, 0.01% for Indices and Commodities, and 0.001% for major Forex, among other things.
#3. Floating Fixed
FixedFloat is a user-friendly trading platform that provides tools to maximize the value of digital assets. It offers a flexible and customizable solution based on your needs. A dedicated customer support team is also included in their services.
Features:
FixedFloat accepts a variety of currencies including Bitcoin, Tether, USD Coin and others.
Processing is fully automated.
It is cross-platform compatible.
It uses a lightning network to enable the exchange of digital assets.
Trading fees:
You pay 1% plus the network fee for the flat rate . For the float fee , you pay 0.5% plus the network cost. There are no hidden fees as per the platform which makes it one of the top lowest crypto exchange platforms.
#4. change now
ChangeNOW is a non-custodial cryptocurrency exchange platform. It provides a service to convert Bitcoin to Ethereum, Ripple, XMR and other cryptocurrencies. There is no need to register an account with this service. Don't keep money.
The exchange has more than 170 currencies available. It has no restrictions on the amount of money you can exchange and allows you to trade as much as you like. Additionally, its fiat option allows users to purchase cryptocurrencies using Visa or MasterCard through a third-party partner.
Features:
- There are almost 10,000 supported currency pairs.
- It offers a RealRates system that is fast and secure.
- ChangeNOW is a completely secure platform that offers non-custodial services and does not hold funds.
- It allows instant cryptocurrency trading.
ChangeNOW transaction cost ranges from 0.5% to 4% with a 5 star rating according to reviews.
# 5. Binance
Binance is, according to reviews, the best cryptocurrency exchange on the market. In terms of trading volume, Binance ranks among the top five cryptocurrency exchange apps. It accepts 150 different cryptocurrencies and currencies, including Bitcoin, Ethereum, Litecoin and its own BNB currency. It is now available in the United States, Europe, Australia and Africa.
This year, the cryptocurrency exchange announced that over 100 million people have used it.
Features:
- It offers two-factor authentication as well as supporting 100+ currencies for trading.
- It also allows cryptocurrency traders to trade cryptocurrencies using charts and indicators.
- The shape is not decentralized
- While there are some restrictions in the United States, Binance is available in over 180 countries around the world.
- Users can buy and sell cryptocurrencies using a variety of payment methods, including banks, cryptocurrencies and credit cards.
Trading fees:
Fees vary depending on the category you are in. For 30-day trading volumes less than 50 BTC and greater than or equal to 1500 BTC, the manufacturer fee ranges from 0.0750% to 0.0525%. For 30-day trading volumes less than 50 BTC and greater than or equal to 1500 BTC, the buyer fee ranges from 0.075% to 0.0525%.
# 6. Cash App
Cash App by Square is a popular iOS and Android app for sending and receiving money peer-to-peer in the United States, however, it is now also available in several other countries.
Money sent or received via bank accounts and debit cards is free, while credit card payments and fast bank deposits are charged a fee of 3% and 1.5% respectively.
But on top of that, it now works as a cryptocurrency exchange, allowing users to trade cryptocurrencies within the app. But it currently only supports Bitcoin, with the promise of adding support for more cryptocurrencies in the future.
Features:
- It is peer-to-peer, which means you can send money directly from your wallet to other users without going through an intermediary.
- BTC customers have a high transactional limit of $100,000.
- Sending and receiving money through banks is profitable.
- It's easy to use.
- Credit card users will pay a high price.
Trading fees:
Sending and receiving money through banks is free. Credit card payments incur a 3% fee, while instant bank deposits incur a 1.5% fee.
#7. bisq
Bisq is a desktop and mobile application (iOS and Android) that allows users to buy and sell Bitcoins in their home countries in exchange for their local currencies. And since you can transmit and receive encryption from people directly, it works peer-to-peer.
Trading costs are paid in BTC by users. Makers, or those who place trades or orders for 1 BTC on the platform, pay 0.10%, while buyers, or those who take orders (takers), pay 0.70%.
Meanwhile, traders can also pay in BSQ cryptocurrency, where they pay 0.05% as manufacturers on orders of 1BTC and 0.35% as buyers on orders worth 1BTC.
#8. Kraken
Kraken, a US-based company, has been in operation since 2011 and is available in 48 states and 176 countries. This cryptocurrency exchange supports and lists 40 different cryptocurrencies, including some of the most prominent ones like Bitcoin (BTC), Ethereum (ETH) and so on.
Kraken is, in fact, one of the top ten cryptocurrency exchanges in terms of daily market transaction volumes. It is considered extremely safe to trade as, unlike its competitors Binance and Coinbase, it has never been hacked.
Features:
- It is considered a very safe platform to trade.
- Fees are cheap – much lower than Coinbase.
- Users can pay for trades using various methods including MasterCard, bank transfer and bank cards.
- Trading is available in 40 different cryptocurrencies.
- There is a smartphone app available.
- Analytical tools are also available that are beneficial for cryptocurrency traders.
- The maximum trading volume per day is $100,0000.
Trading fees:
Manufacturer charge ranges from 0.16% to 0.10% for 30-day transactional volumes between $0 and $500,000. The buyer fee ranges from 0.26% to 0.20% for 30-day transactional volumes between the same amount.
#9. Bittrex
Bittrex allows cryptocurrency to cryptocurrency trading and has the largest number of cryptocurrencies (190+) that users can trade in. Although the exchange is believed to be very safe and fast in carrying out trades, customer assistance is considered insufficient.
Bittrex, based in Seattle, Washington, was founded in 2014 by a team with over 50 years of experience working with Microsoft, Amazon, Blackberry, Qualys and other organizations. The cryptocurrency exchange has a high 24-hour trading volume of $225,425,248, making it one of the top 15 exchanges in the world.
In addition to the high level of security and speed with which trades are executed, you also benefit from minimal fees – a flat fee of 0.25% on each transaction, which is the most straightforward fee description we’ve seen for cryptocurrency exchanges. But apart from that, it also makes it one of the top cryptocurrency exchange platforms with the lowest fees.
# 10. Coinbase
In the United States, Coinbase is the most popular cryptocurrency exchange. It was created in 2012 and is fully regulated and authorized to operate in over 40 states and territories in the United States.
It is believed to be the one that lowers barriers to entry for cryptocurrencies in the US and other countries. It's simple to use and offers secure storage. Accepts a wide range of cryptocurrencies. The Pro version allows users to trade cryptocurrencies for less using charts and indicators.
Features:
- It accepts Bitcoin as well as a variety of other currencies.
- It is not decentralized, unlike other options.
Trading fees:
Depending on the monetary value, the fee ranges from $0.99 to $2.99.
#11. exchange zone
Swapzone is a cryptocurrency exchange that allows you to trade over 300 currencies without having to register. This is excellent news for cryptocurrency traders who wish to remain anonymous.
This cryptocurrency exchange allows the instant exchange of cryptocurrencies and cryptocurrencies. Basically, it works as a cryptocurrency exchange aggregator, allowing users to compare cryptocurrency exchange options on different exchanges.
Also, because of the API used, once a trader discovers an opportunity, he will be able to trade currencies on a platform without leaving it. Merchants can sort deals by the best rates for easy comparisons. It was created in the year 2020.
Trading Fees
Before trading, as a cryptocurrency aggregator, you find the fees on it – which may differ from one cryptocurrency exchange to another.
#12. CEX.io
CEX.io was founded in 2013 in London and allows users to buy and trade digital cryptocurrencies, with withdrawals from bank accounts, VISA and other debit and credit cards. Cryptocurrency buyers have a few alternative payment options, including Swift and other cryptocurrencies. A commission may be paid to those who trade significant volumes of cryptocurrency.
On its cryptocurrency trading platform, the exchange claims to have over 3 million registered users.
Furthermore, it has never been hacked, which implies that it is a safe and secure cryptocurrency trading platform. You can also protect your account with 2FA and anti-hacker protection.
Features:
- The exchange is supported by 99% of the countries in the world and 47 states in the United States.
- For individuals who trade large volumes of cryptocurrency on the exchange, there is a competitive commission. There are also opportunities for market makers.
- For reliable order books and order execution, the exchange employs advanced order matching algorithms. This means it will be easier to find your orders, and traders with high frequency trading and scalping tactics will be able to trade more efficiently.
Trading Fees
The trading fee is calculated based on the client's trading volume during the previous 30 days. A taker fee of 0.25% to 0.20% is charged for those with a trading volume of less than or equal to 5 BTC and less than or equal to 100 BTC. The manufacturer's charge for the same varies from 0.16% to 0.12%.
#13. eToro
eToro is a social trading platform for stocks, bonds, forex, CFDs and cryptocurrency trading. On eToro, you can trade different assets from these categories using CFDs. The trading platform was established in 2007 and is regulated, making it a safe choice for individuals looking for simple-to-use trading platforms with a diverse range of assets to trade.
A user can duplicate a trade of an expert trader that he follows through social copy trading. As a result, you can trade with less asset knowledge or experience. It is a popular choice for individuals who also want to trade forex and allows them to trade 47 different pairs.
Despite the zero dollar costs for US traders, the recent narrowing of spreads on the exchange, and its popularity for CFDs, the exchange charges a slightly higher fee than most other exchanges. Also, compared to other trading platforms of its kind, the eToro platform has a restricted amount of research materials.
Features:
- There are a total of 2361 tradable symbols on the trading platform with 94 cryptocurrency pairs.
- For beginners, there is a demo trading option. It also includes 66 graphical and trading indicators.
- Charges 0.75% for cryptocurrency trading. On the other hand, the fee for converting fiat currencies to cryptocurrencies is 5% . For crypto to crypto exchange, eToro charges 0.1% .
- Cryptocurrencies, CFDs, FX, stocks, exchange-traded bonds and other digital assets are available for trading.
- For US stock traders, there are no commissions. However, users have the option to invest in fractional shares.
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