8 Best Crypto Exchanges With Lowest Fees

Choosing a crypto exchange? Here’s the thing, if you’re not paying attention to fees, you might as well be tipping the house every time you trade. Whether you’re buying a memecoin for fun or stacking serious sats, picking from the crypto exchanges with the lowest fees can save you way more than you think. Those little percentages? They add up fast. Especially if you’re trading often, or dipping into smaller amounts where fees can eat a big chunk of your gains.

Now, the cheapest cryptocurrency exchanges aren’t just about slashing numbers on a fee chart. The best ones also give you smooth execution, strong security, and a platform that doesn’t feel like it was built in 2015.f

We’re talking best low-fee crypto exchanges that actually get what traders want, low costs, high performance, and maybe even a few perks for using their native tokens or trading more frequently.

So we did the digging for you. Below, we’ve lined up the top exchanges in order, starting with the lowest fees, so you can find the one that fits your vibe, your budget, and your trading style. Whether you’re here for long-term gains or quick flips, paying less means keeping more. Let’s get into it.

Best Crypto Exchanges With Lowest Fees: Summary

In this guide, we’ll break down everything you need to know about finding a crypto exchange that won’t eat into your profits with high fees. We’re talking about top-tier platforms like Binance, OKX, and MEXC, and Best Wallet known for their super competitive rates, juicy fee discounts when you use native tokens, and deep liquidity that keeps your trades smooth.

But it’s not all sunshine and satoshis. Some exchanges love to shout about “zero fees,” only to sneak in costs elsewhere, especially when you’re using a credit card to deposit or withdraw. So we’ll also point out where to keep your eyes peeled.

By the end, you’ll know exactly what to look for: solid security, powerful trading tools, a wide range of assets, and that sweet balance of affordability and usability, whether you’re just starting out or already riding the crypto rollercoaster like a pro.

Best Low-Fee Cryptocurrency Exchanges

Choosing the best crypto exchange with low fees isn’t just a smart move, it’s downright essential if you’re serious about keeping more money in your pocket. Let’s face it: every cent saved on fees means more crypto for you, and who doesn’t love that? But, low fees are just the start.

You’ll also want to think about how easy it is to get your money in and out, and if there are any discounts you can take advantage of.

Here’s a quick, easy-to-follow breakdown showing exactly what you need to know about their fees, deposit and withdrawal rules, and those juicy discounts you can take advantage of.

Crypto Exchanges With Lowest Fees

To help you find the most cost-effective platforms, we have thoroughly vetted the crypto exchanges with lowest fees listed below, so you can trade confidently without overpaying.

1. Best Wallet: Best Non-Custodial Solution for Beginners

Best Wallet makes diving into Web3 feel less like learning a new language and more like opening a really useful app. It skips the fluff and gives you just what you need to explore crypto with confidence, minus the confusion. Basically, Best Wallet is a non-custodial wallet that lets you buy, sell, swap, stake and even participate in the upcoming crypto presale projects – All of this with just a click of a button.

Rather than just being a vault for your coins, it’s a full-featured Web3 wallet and a toolkit. You get access to over 60 blockchains—including popular names like Ethereum, BNB Chain, Arbitrum, and Polygon—so you’re never stuck waiting for network compatibility.

Everything inside the app has a clear purpose. You can swap tokens easily, explore dApps through the built-in browser, and keep tabs on upcoming airdrops that might be worth your attention. More features like staking, fiat integration, and NFT management are on the way, so it’s only getting better.

Security is handled the right way: no KYC, and your private keys never leave your device. You stay in full control, without having to trade away privacy or ownership.

The interface is clean without being cold—simple enough for beginners, but sharp enough for daily use. With new projects teaming up regularly, it’s also becoming a reliable place to find early Web3 campaigns and token launches.

If you want to know more about this wallet, check out our separate Best Wallet Review for 2025.

What Fees Does Best Wallet Charge?

Best Wallet aims to keep things affordable and transparent:

• Transaction Fees: No extra charges from the wallet itself—just the usual blockchain network fees.
• Swapping Fees: Minimal fees when using the DEX, and you’ll always see them upfront before hitting confirm.
• Fiat Transactions: Expect some variation in fees depending on which payment provider you use, especially for credit card purchases.
• Staking Fees: A small cut might apply depending on the provider, but everything’s clearly labeled.
• $BEST Token Discounts: Want lower fees? Holding $BEST unlocks perks and discounts across the app.

Best Wallet Pros & Cons

All things considered, Best Wallet is shaping up to be a serious contender in the wallet game. It’s simple enough for newcomers, powerful enough for pros, and flexible enough to keep evolving with Web3. If you’re looking for a wallet that does more than just hold your crypto, this one’s definitely worth checking out.

Visit Best Wallet

2. Binance: Leading Crypto Exchange With Lowest Fees

Binance is more than just another cryptocurrency exchange, it’s a full-blown ecosystem for traders, investors, and even institutions. Since its launch in 2017 by Changpeng Zhao (CZ), Binance has grown into the world’s largest crypto exchange by trading volume, offering everything from spot trading and futures to staking, lending, and even an NFT marketplace.

What makes Binance stand out? Liquidity. If you want tight spreads, fast execution, and access to hundreds of cryptocurrencies, this is the place to be. Whether you’re trading Bitcoin (BTC), Ethereum (ETH), or diving into obscure altcoins, Binance likely has a market for it. Plus, fees are some of the lowest in the industry, starting at just 0.1 percent and dropping even further if you pay with Binance’s native token, BNB.

Of course, no platform is flawless. While Binance has strong security measures like two-factor authentication (2FA), cold storage, and withdrawal whitelists, it hasn’t been immune to attacks (notably, a 2019 hack). And then there’s the regulatory scrutiny, with bans and restrictions in multiple countries, including the United States.

For beginners, Binance’s interface can feel overwhelming at first. But advanced traders will appreciate the depth of tools, including futures, margin, and leveraged tokens. If you prefer a simpler experience, Binance Lite mode helps streamline things.

To know more about this exchange, check out our comprehensive Binance Review for 2025. Just in case you are looking for staking on Binance, read our Binance Staking Review.

What Fees Binance Charges?

• Spot Trading Fees: 0.10 percent for both makers and takers, with a 25 percent discount for BNB payments.
• Futures Trading Fees: 0.02 percent for makers and 0.05 percent for takers, with deeper discounts based on trading volume.
• Deposit & Withdrawal Fees: Deposits are free in most cases, while withdrawal fees vary by cryptocurrency and network conditions.

Binance Pros and Cons

Binance remains the undisputed leader in crypto trading, offering a vast selection of cryptocurrencies, low fees, and a deep liquidity pool. If you’re an experienced trader, Binance is tough to beat. But if you’re new to crypto, expect a learning curve.

Regulatory concerns are worth considering, especially if you live in a restricted region. But if Binance is available to you and fits your trading style, it’s a powerful, feature-rich exchange that continues to set the industry standard.

Visit Binance

3. OKX: Offers Advanced Features with Attractive Fee Structure

OKX is another established crypto exchange that has grown in popularity over the years. Launched back in 2017, OKX quickly leveled up from a simple exchange to an all-in-one crypto playground. Now it’s got DeFi apps, Web3 wallets, and even an NFT marketplace. Basically, it’s your crypto journey on steroids.

Where OKX really flexes its muscles is derivatives trading. It’s not just competing with giants like Binance, it’s genuinely giving them a run for their money. With spot trading, margin, futures, options, and perpetual swaps, OKX feels like it was built by traders, for traders. Fees are refreshingly low (as in, you won’t feel robbed every time you trade), especially if you’re a high-volume trader or holding their native OKB token.

Security-wise, OKX takes things seriously, regularly performing proof-of-reserves audits and using cold storage for extra peace of mind. Sure, they’ve danced around regulatory obstacles, but who hasn’t in crypto?

As for user experience, it’s impressively smooth. Newbies get a friendly interface to ease into things, while seasoned traders get a pro version packed with customizations. Add copy trading, staking, and passive earning opportunities, and you’ve got a platform that truly has something for everyone.

For more details about the exchange, check out our OKX Review. The exchange also has a wallet that provides high security and keeps your crypto safe, to know more about it read OKX Wallet Review for 2025.

What Fees OKX Charges?

• Spot Trading Fees: Starts at 0.08% (makers) and 0.10% for takers. Trade more, hold OKB, or level up to VIP status, and you’ll get even lower fees.
• Futures & Perpetual Trading Fees: Standard is a cool 0.02% (makers) and 0.05% (takers), so your advanced strategies won’t break the bank.
• Blockchain Network Fees: A heads-up: withdrawal fees depend heavily on the network you’re using, meaning they can spike when the network is busy.

OKX Pros and Cons

OKX hits the sweet spot if you’re looking for centralized security without sacrificing your decentralized dreams. Yes, it can get complex, and yes, those fees need careful attention, but once you get the hang of it, OKX delivers a crypto experience that few exchanges can match. It’s basically the Swiss Army knife of crypto exchanges, secure, versatile, and perfect for traders who love a little bit of everything.

Visit OKX

4. ByBit: Cheap Crypto Exchange With Best User Interface

If crypto exchanges were cars, Bybit would be the turbocharged sports coupe, sleek, swift, and built for adrenaline junkies. Originally launched in 2018 as the go-to spot for derivatives trading, the platform was recently compromised, but the exchange was quick enough to manage the situation effectively and to make customers full.

Bybit has now grown up (but not slowed down), adding spot trading, copy trading, staking, and even a fun NFT marketplace into the mix. It’s like your favorite crypto playground decided to throw in some extra toys.

Speed is the name of Bybit’s game. With its blazing-fast trading engine capable of handling a staggering 100,000 transactions per second, you’ll feel like you’re trading at warp speed. Whether you’re into perpetual contracts, futures, or options, Bybit hands you leverage up to an eye-watering 100x, perfect for traders who like to live on the crypto edge. Fees are impressively low too, starting at just 0.02% for makers and 0.055% for takers, with sweet discounts if you’re a VIP or a heavy hitter.

Safety-wise, Bybit keeps it tight: think multi-layered cold storage, trusty two-factor authentication (2FA), and transparent proof-of-reserves audits. The not-so-good news? They’ve faced their fair share of regulatory eyeballing, which has led to some geographical limitations, sorry, U.S. friends.

Navigating the platform is a breeze, thanks to Bybit’s clean and beginner-friendly layout. And if you’re new to trading, no worries: the demo trading feature lets you practice without risking real dough. Plus, Bybit Earn is perfect for those days you just want your crypto to chill and earn some yield on the side.

To know more about ByBit and how it differs from other exchanges, check out our separate ByBit review. The exchange also has a dedicated launched, in case you are interested in exploring it, take a look at our Bybit Launchpad Review 2025.

What Fees ByBit Charges?

• Spot Trading Fees: An easy-to-swallow 0.10% for makers and takers, with even sweeter deals for VIP traders.
• Derivatives Trading Fees: Reasonable 0.02% maker fees and 0.055% taker fees. Slightly higher for takers compared to others, but still wallet-friendly.
• Withdrawal Costs: Deposits are totally free, but withdrawal fees can fluctuate depending on network congestion and the crypto asset you’re pulling out.
• Funding & Inactivity Fees: Perpetual traders might see small funding fees, and there’s a charge if your account takes an extended nap.

ByBit Pros and Cons

ByBit brings together affordability, functionality, and ease of use, all wrapped in a clean, intuitive package. Sure, it has its quirks, fiat withdrawals, and regulatory limits, but if you’re hunting for a low-fee, high-performance platform with a friendly face, ByBit checks all the right boxes. It’s basically the comfy hoodie of crypto exchanges, reliable, easy, and always there when you need it.

Visit ByBit

5. KuCoin: Best for Altcoin Trading with Minimal Costs

KuCoin is like the candy shop of crypto exchanges, you step inside and immediately want a little bit of everything. Since hitting the scene in 2017, KuCoin has quickly become the favorite playground for traders hunting for hidden gems, altcoins, and exciting low-cap tokens before the big exchanges like Binance or Coinbase even notice them.

One of KuCoin’s superpowers? Amazingly low fees. Starting at just 0.1%, trading feels refreshingly affordable, especially when using KuCoin’s own KCS token for a neat discount. But it’s not just about trading, KuCoin’s got plenty more to offer. Think staking, lending, and KuCoin Earn for those sweet passive income vibes, plus futures, margin trading, and leveraged tokens if you’re feeling adventurous.

Sure, security had a hiccup with that infamous $285 million hack in 2020 (which, thankfully, they reimbursed completely), but KuCoin has stepped up its game since then. They’ve tightened up with multi-layer encryption, cold storage solutions, and solid KYC checks. That said, they’re still dancing around regulatory hurdles, so check your local laws just in case.

Using KuCoin feels easy, whether you’re new to crypto or a seasoned pro. You can switch effortlessly between the beginner-friendly layout and a more advanced trading interface. Plus, the copy trading feature lets you ride the coattails of successful traders if you don’t want the headache of managing trades yourself. Just be ready for some occasional downtime and those pesky withdrawal limits.

For more information about the exchange, take a look at our detailed KuCoin review.

What Fees KuCoin Charges?

• Spot Trading Fees: KuCoin keeps things wallet-friendly at 0.1% for both makers and takers, with sweet discounts if you trade more or hold KCS tokens.
• Futures Trading Fees: Reasonably priced at 0.02% (makers) and 0.06% (takers), again, with tasty discounts if you’re a heavy trader or KCS holder.
• Withdrawal Fees: Depositing crypto is free, but withdrawals come with varying fees depending on the asset and network congestion, so keep an eye out.

KuCoin Pros and Cons

KuCoin is a crypto powerhouse for traders craving variety and affordability, especially those with a soft spot for altcoins. Its extensive offerings and approachable platform make it ideal for diverse investment strategies, though you’ll want to double-check its status in your region before diving in. If you’re looking for a place where variety meets affordability, KuCoin is tough to beat.

Visit KuCoin

6. MEXC: Ideal for Futures Traders Seeking Low Fees

MEXC is basically crypto’s version of your favorite indie music venue, it’s the place you head to when you want to catch tomorrow’s hits before they become mainstream. Since kicking off in 2018, this altcoin-friendly exchange has built a reputation for listing exciting, low-cap gems long before big exchanges like Binance or KuCoin even get wind of them.

One of MEXC’s claims to fame? Jaw-dropping liquidity, particularly in spot and futures markets. Want to trade with serious leverage? They offer up to a mind-boggling 200x on futures which is perfect if you’re feeling particularly bold (or maybe slightly reckless). Fees won’t break your crypto piggy bank either, with zero maker fees on spot trades and a tiny 0.02% maker/0.06% taker fee on futures.

When it comes to security, MEXC has done its homework, think multi-layer protection, cold storage vaults, and mandatory KYC to keep things legit. They’ve dodged the major hack bullet so far, but like many crypto exchanges, their regulatory situation is a bit fuzzy in certain places, so double-check your local laws.

The platform itself? Super beginner-friendly, letting you dip your toes into copy trading, staking, and even participating in their launchpad events without breaking a sweat. The only hiccup is customer support, sometimes you’ll wait a bit longer than you’d like.

Get to know more about this platform by reading our separate MEXC exchange review for 2025.

What Fees MEXC Charges?

• Spot Trading Fees: Easy to remember at 0.10% for makers and takers. Trade enough, and you’ll receive even sweeter deals.
• Futures Trading Fees: Here’s the sweet spot: makers pay absolutely nothing (0%), and takers enjoy a modest 0.02% fee, great news for heavy futures traders.
• Deposit & Withdrawal: Deposits are free, but withdrawal fees fluctuate depending on the asset and network status. Always worth checking before you cash out.

MEXC Pros and Cons

MEXC is like that cool new coffee shop everyone’s talking about, fresh, trendy, and budget-friendly. It’s especially appealing if you’re into futures and low-fee trading, although you’ll need a bit of patience for fiat transactions. For traders seeking ease, affordability, and mobile accessibility, MEXC is undoubtedly worth checking out.

7. BingX: Top Low-Fee Crypto Exchanges In 2025

BingX burst onto the crypto scene in 2018, quickly gaining a fan club, especially among those who enjoy copying the homework of successful traders without feeling guilty about it.

The exchange quickly made a name by blending classic crypto trading with social features, making it the ultimate hangout spot for both rookie traders and seasoned crypto veterans.

The big draw here? Copy trading, think of it as a cheat code where you get to mimic the moves of successful traders, transparently and effortlessly. Ideal for beginners who want to pick up strategies from pros (and maybe make a bit of passive income along the way). BingX covers all the essentials too, spot trading, margin trading, perpetual contracts, and even grid trading, with leverage stretching all the way up to a spicy 125x.

Fee-wise, BingX is easy on your wallet, offering spot trading fees of just 0.1%, and futures fees at 0.02% (maker) and 0.05% (taker), keeping pace comfortably with the industry’s best. And getting money on and off the platform is painless, thanks to plenty of fiat on-ramp options.

Security? They’ve got it covered with multi-factor authentication, solid cold storage practices, and regular proof-of-reserves audits. The only minor cloud hanging around is some regulatory uncertainty in specific regions, so do a quick check on your local rules.

Check out our comprehensive BingX review to know more about this exchange.

What Fees BingX Charges?

• Spot Trading: An easy-to-digest 0.1% flat fee for both makers and takers. No surprises, just affordable trading.
• Futures Trading: Budget-friendly 0.02% for makers and 0.04% for takers. Great news for futures traders who appreciate a bargain.
• Deposit & Withdrawal Fees: Depositing your crypto is free, but withdrawals come with varying fees depending on the cryptocurrency and network activity. Always double-check the specifics before you move your coins.
• Currency Conversion: A small 0.2% fee applies if you’re depositing a currency different from your account’s base currency, covering the conversion cost without breaking the bank.

BingX Pros and Cons

BingX is a crypto exchange for traders looking to follow expert footsteps, benefit from low fees, and explore tons of crypto options. Sure, there are a few rough edges, platform usability and customer service could use some polish, but the core offerings more than compensate. For traders who appreciate variety, affordability, and a dash of innovation, BingX deserves serious consideration.

Visit BingX

8. Margex: Best Cryptocurrency Exchange With Lowest Fee

If you’re looking for a straightforward, fuss-free gateway into the world of leveraged crypto trading, Margex might just become your new favorite exchange. Since launching in 2019, Margex has carved out a niche by offering an approachable, easy-to-understand platform specifically designed with beginners in mind.

Margex’s standout feature is its robust anti-liquidation system, ensuring traders aren’t suddenly caught off guard by unexpected liquidation spikes, something many seasoned traders have frustratingly experienced elsewhere. With up to 100x leverage available for popular cryptos like Bitcoin, Ethereum, and XRP, it’s an attractive spot for traders aiming for big moves without unnecessary complexity. Trading fees are also competitive, with makers paying just 0.019% and takers at 0.060%.

On the security front, Margex keeps things tight. All funds are stored securely in cold wallets, and transactions require multi-signature authentication. Plus, there’s no mandatory KYC, appealing for those prioritizing privacy. However, it’s worth noting that the lack of KYC could pose issues in more regulated areas.

The platform itself is clean, straightforward, and intuitive, perfect if you’re just dipping your toes into leverage trading. The downside? Margex currently lacks spot trading, and the range of tradable assets is relatively limited compared to bigger exchanges.

What Fees Margex Charges?

• Trading Fees:
  • Maker: Just 0.019% for limit orders. Your wallet barely feels it.
  • Taker: Still affordable at 0.060%, giving you plenty of room to maneuver.
• Funding Fees: A small cost (around 0.06%) if you’re holding perpetual positions. Just something to keep an eye on every eight hours.
• Free Currency Conversion: Swap cryptos without extra charges (yay!), though do watch out for minimums and maximums depending on the currency.

Margex Pros and Cons

Margex is the crypto exchange equivalent of your favorite comfy sneakers, straightforward, dependable, and built for users who value ease and affordability. It might lack some bells and whistles (and coins), but its excellent security, competitive fees, and user-friendliness make Margex a solid choice, especially if you’re into leveraged trading and prefer keeping things straightforward.

Visit Margex

What is a Low-Fee Crypto Exchange?

Ever wondered why some crypto exchanges can afford to slash their fees down to almost nothing? They’re not just being charitable, they’ve got a strategy.

Low fees attract everyone from casual traders and big-money institutions to those super-fast bots zipping in trades every microsecond.

First Things First: Exchange Fees Explained

Alright, before we jump into why some exchanges charge peanuts, here’s a quick, no-jargon breakdown of the typical fees you’ll bump into:

What’s Really Going on Behind Those Crazy-Low Fees?

Okay, here’s the juicy part, why exactly are some exchanges willing to charge dirt-cheap fees?

1. Volume, Baby, Volume!

These exchanges think big picture. Sure, they’re not raking in a fortune per trade, but multiply tiny fees by millions of daily trades, and you’re suddenly swimming in cash. Exchanges bet that low fees mean more trades, and more trades mean more total money. Simple math.

2. Traders Who Stick Around

Think of it like your favorite coffee shop loyalty card, low fees mean you’ll keep coming back. When traders see they’re saving a bit of coin on every transaction, they’re less tempted to jump ship to a competitor.

3. The “Good Deal” Feeling

Here’s a psychology trick: Even if you’re only saving a few pennies per trade, seeing smaller fees makes you feel like you’re getting the steal of the century. Exchanges love this because happy traders tell their friends, and more friends mean more business.

3. Cost-Efficiency Illusion

Honestly, who doesn’t love feeling like they’re beating the system? Those super-low fees, even if the savings per trade are tiny, make you feel smart, savvy, and like you’re winning every time you click “buy.”

4. The Sneaky “Free” Model

Some exchanges literally charge zero fees and still rake in profits through clever side hustles like:

• Premium services (think advanced analytics, VIP club perks, etc.)
• Spreads (a fancy word for sneaking a tiny markup when swapping tokens)
• Margin Lending (making interest off your idle coins)
• VIP extras (because who doesn’t like being treated like crypto royalty?)

Are Low Fees Too Good to Be True?

Alright, let’s get real, nothing’s perfect. When exchanges slash fees, they’re usually making compromises elsewhere. Here’s what you should watch out for:

Yes, super-low-fee exchanges can be awesome, especially if you’re trading frequently. But don’t get blinded by the savings, always make sure you’re confident that the platform you’re using is secure, trustworthy, and not hiding anything nasty under the hood.

How to Choose Lowest Fee Cryptocurrency Exchanges?

When it comes to crypto trading, low fees aren’t just nice, they’re absolutely essential if you’re serious about making the most of your investments. But let’s get real: choosing the right exchange isn’t only about finding the cheapest rates. You also want to make sure your funds are secure, trades execute smoothly, and the experience doesn’t feel like navigating a spaceship.

Here’s a comparison of some of the top low-fee cryptocurrency exchanges, based on various key criteria. Keep in mind that some of these are additional options beyond the ones we’ve already suggested.

Picking the perfect low-fee crypto exchange isn’t just about pinching pennies, it’s about striking that sweet spot between affordability and everything else that matters. Sure, low fees keep more cash in your wallet, but don’t overlook things like how reliable the platform is, how quickly customer support responds when things get messy, and how bulletproof the security feels.

Types of Fees on Crypto Exchanges

Let’s face it: crypto exchanges come with a bunch of sneaky little fees that can quietly eat away at your profits. Understanding these fees, and how to dodge them, is your secret weapon for boosting returns. Buckle up; we’re about to simplify everything with a dash of personality and zero jargon.

Trading Fees

These fees are your basic price of admission for trading crypto. There are two types:

• Maker Fees: Think of makers as the exchange’s best friends, they add liquidity by placing orders that don’t get filled instantly. Exchanges reward these “liquidity bringers” with lower fees.
• Taker Fees: Takers swoop in and immediately match orders, trading crypto at current market prices. Because they remove liquidity, they pay slightly more.

Exchanges either charge a flat rate or offer discounts based on your trading volume. The more you trade, the cheaper it gets.

Deposit Fees

Deposits aren’t always free, bummer! Here’s the quick rundown:

• Fiat Deposits: Depositing traditional currencies (like USD or EUR) can sometimes hit your wallet, especially via cards or certain bank transfers. Ouch.
• Crypto Deposits: Usually free, but watch out, some sneaky exchanges may charge a small fee or demand a minimum deposit.

Withdrawal Fees

Sadly, taking money out isn’t always free either:

• Fiat Withdrawals: Expect to pay varying fees based on your chosen withdrawal method, like bank transfers or PayPal.
• Crypto Withdrawals: Most exchanges charge you for blockchain network fees, and these can fluctuate wildly depending on network congestion. Timing matters!

Additional Fees

Just when you thought you were safe, there are a few more to watch out for:

• Inactivity Fees: Some exchanges penalize you for taking an extended crypto nap, stay active to avoid these!
• Margin Trading Fees: Borrowing money to trade? Expect to pay interest, nothing’s free in finance land.
• Conversion Fees: Swapping currencies on-platform can cost you, too. Exchanges love their little extras.

How to Reduce Fees When Using Crypto Exchanges

Want to keep more of your money? Try these:

What About No Fee Crypto Exchanges?

Believe it or not, there are crypto exchanges out there offering trades without hitting you with fees, but there’s always a catch (isn’t there always?). Let’s dive in.

Take Robinhood, for example. They offer crypto trading without direct fees, which sounds fantastic at first. But here’s the sneaky part: they tweak the spread, the gap between the buying and selling prices, so you’ll notice you’re paying just a tad more when buying and getting a little less when selling compared to other platforms. Plus, Robinhood is custodial, meaning they’re holding onto your crypto keys, not you. That’s fine for newbies, but if you crave total control over your digital stash, this might bug you.

Then there’s Kraken, a crowd favorite. Sure, it’s not exactly 100% fee-free, but it gets pretty close, especially for heavy hitters or frequent traders who earn discounts or even zero fees under specific circumstances. Kraken is transparent about its fee structure, so no sneaky surprises here, making it a fan-favorite among traders who appreciate clear, upfront info.

Coinbase tries something different with Coinbase One, a subscription model where, for a flat monthly fee, you get fee-free trading up to a certain volume. While technically this isn’t free (you’re still paying a subscription), it’s an awesome deal if you’re an active trader making lots of transactions.

Strike is another intriguing choice, especially if you’re a Bitcoin enthusiast. You can buy Bitcoin without direct fees, though there’s usually a very minor spread (typically less than 1%). It’s simple, straightforward, and very wallet-friendly if Bitcoin is your main game.

A Reddit user by the name u/uncapchad shared their experience with Strike app in a Reddit thread discussing the lowest-fee crypto exchanges for UK users.

“Some may recommend Strike app, which has spot/limit trading with a tiered fee structure, reducing to zero fees again based on trade frequency,” they explained.

However, they pointed out a key downside: the spread on Strike tends to be unfavorable. “I have noted that the spread on Strike is about £100 higher than market for buying and £100 lower than market for selling,” they added.

This highlights a common trade-off with “zero-fee” exchanges, while you may avoid direct fees, wider spreads can still eat into profits, making it essential to compare both fees and spreads before trading.

Are DEXs Cheaper Than Centralized Exchanges?

Choosing between decentralized exchanges (DEXs) and centralized exchanges (CEXs) is kinda like deciding between ordering takeout or cooking at home. CEXs are like your go-to delivery app, fast, convenient, and someone else handles the heavy lifting, but you’re handing over some control and paying a premium.

DEXs, on the other hand, are more like cooking your own meal, you’ve got full control over every ingredient, but you’re also responsible for anything that goes wrong.

DEXs might seem cheaper at first glance because you’re skipping traditional trading fees, going directly peer-to-peer. But here’s the catch, you’re still paying network fees, which can be super unpredictable. On Ethereum, for instance, swapping tokens on Uniswap can sometimes hit your wallet hard with hefty gas fees during peak times, think rush-hour traffic jams but for crypto.

On the flip side, newer blockchains like Binance Smart Chain and Solana have stepped up, offering DEX options like PancakeSwap and Raydium with dramatically lower costs. These platforms can be fantastic budget-friendly alternatives, kind of like avoiding the toll roads.

Centralized exchanges, however, think Binance, Kraken, or Coinbase, are more like dependable toll highways. They have clear, structured fees (like Binance’s standard 0.10%), plus discounts if you use certain tokens like BNB. And while fees might look higher upfront, you get smoother rides thanks to deeper liquidity and less slippage, meaning your trades go through closer to the price you actually want.

Also, CEXs give you the convenience of easy fiat on-ramps, perfect if you’re swapping dollars directly for crypto. DEXs usually demand an extra step: you need crypto in your wallet beforehand, potentially involving extra fees if you’re buying your coins through a CEX first.

Ultimately, it boils down to your trading style: Love transparency, self-custody, and control? DEXs might be your jam, especially on those lower-fee networks. Prefer convenience, predictable fees, and reliable execution? CEXs are probably your best bet. It’s all about deciding if you’d rather drive yourself or enjoy the ride in the passenger seat.

Conclusion: Best Low-Fee Crypto Exchanges

At the end of the day, cryptocurrency trading is about making smart moves, not just in the market, but in how you choose a trading platform. The difference between lower trading fees and higher fees adds up fast, especially for active crypto traders. Why give away more than you need to in crypto trading fees when you could be reinvesting those savings into your portfolio?

The top platforms offer more than just competitive trading fees. They pack in essential features like high liquidity, advanced trading tools, and a wide range of assets, making sure your trading experience is seamless. Whether you’re a market maker executing large trades or a casual investor looking for free deposits and easy fiat on-ramps, there’s an exchange that fits your style.

Just watch out for hidden fees, some platforms lure you in with promises of zero trading fees but hit you hard on credit card deposits, withdrawal charges, or spread markups. New users should look for an intuitive interface, while pros might prefer advanced trading options with deep liquidity and fee reductions for high-volume trading.

At the end of the day, the best exchange is the one that lets you trade without overpaying, protects your funds with solid security features, and gives you the best possible trading experience. Pick wisely, keep an eye on the fine print, and make every trade count.

Frequently Asked Questions

Which crypto exchange has the lowest fees?

Right now, MEXC takes the crown with zero maker fees and super low taker fees. Binance and OKX also come in hot with low trading costs, especially if you use their native tokens for discounts. But you may consider a non-custodial wallet like Best Wallet which charges no fees for buying crypto and it also lets you sell, swap and stake various coins.

Are low-fee exchanges safe to use?

Yes, as long as you choose reputable ones. Look for strong security features like cold storage, two-factor authentication, and regular proof-of-reserves. Low fees don’t mean low safety, just don’t skip the research.

What types of fees should I consider when choosing a crypto exchange?

Don’t just focus on trading fees. Watch for deposit and withdrawal fees, network fees, conversion fees, and even inactivity fees on some platforms. It all adds up if you’re not paying attention.

Do all low-fee crypto exchanges support fiat currency deposits?

Not all of them. Some support full fiat on-ramps like bank transfers and credit cards, while others only accept crypto deposits. If you’re starting with cash, check for fiat support first.

Can I trade all cryptocurrencies on low-fee exchanges?

Nope. Some platforms focus on major coins, while others list tons of altcoins. If you’re after specific tokens, double-check the exchange’s listings before you sign up.

Do low-fee exchanges compromise on features or usability?

Not anymore. Many of the best low-fee exchanges offer great interfaces and advanced trading features. You don’t have to trade functionality for affordability these days.

What is the difference between maker and taker fees?

Makers place orders that add to the order book (like limit orders), while takers fill those orders immediately (like market orders). Makers usually get lower fees because they help keep liquidity flowing.

Are there any hidden crypto exchange fees I should watch out for?

Definitely. Some exchanges sneak in fees through wide spreads, high conversion rates, or charges on credit card deposits. Always check the fine print, and don’t forget about withdrawal fees.

References

• XRPL.org. “Decentralized Exchange.” XRPL.org, https://xrpl.org/docs/concepts/tokens/decentralized-exchange.
• Ethereum.org. “What Is Ethereum?” Ethereum.org, https://ethereum.org/en/what-is-ethereum/.
• BNB Chain Docs. “BNB Smart Chain.” BNB Chain Documentation, https://docs.bnbchain.org/bnb-smart-chain/.
• Reddit. “What Crypto Exchange Has Lowest Fees When Buying/Selling?” Reddit, https://www.reddit.com/r/Bitcoin/comments/1hpa3p2/what_crypto_exchange_has_lowest_fees_when/.