5 Best Crypto Exchanges With Lowest Trading Fees

Cryptocurrencies are growing each year, drawing in more investors and traders alike. As more people and companies turn to Bitcoin as an alternative investment, the worldwide crypto market cap has reached 2 trillion.

This growing demand for crypto investments has led to the existence of hundreds of decentralized and centralized exchanges. And for most to thrive in an otherwise competitive market, they have to review their trading fees and product offerings to gear more users toward their platform.

As a newbie trader, using a reputable exchange is high on your list, but before you jump into one of the big names in the market, you should know their trading fees. Knowing this will help you make the most out of your trading experience. It will also save you a few bucks on transactions fees!

Here is a rundown of the best exchanges with the lowest fees in the market;

1. OKEx

OKEx is a leading Chinese cryptocurrency exchange founded in 2017. The Hong-kong based exchange is one of the largest exchanges in the world by trading volume, with over $425 million worth of Bitcoin being traded on its platform every day. The platform offers the easy exchange of crypto, fiat, and numerous digital assets.

OKEx is a reputable exchange and they brag of one of the lowest fees in the market. Thye also offers loads of features to keep your trading hands busy.

A few OKEx features include;

Buy, sell, trade crypto
Wide range of coins (over 300+ tokens)
Earn crypto through staking
Mining pool
Crypto loans
Educational resources
Industry grade security

OKEx Fee Structure

OKEx offers low fees for both crypto deposits and transaction fees.

Deposit Fees

Crypto deposits - Free

Buy crypt with visa/MasterCard - From 2%

Trading Fees

OKEx uses a maker/taker fee schedule like most exchanges and offers low trading fees. But you must hold a small amount of their native token OKB in your spot wallet. OKEx charges transaction fees of 0.08%/ 0.1%.

So;

Maker/Taker fee - 0.08%/0.1%

2. Binance

Binance is a global crypto exchange founded in 2017 by Chapeg Zhao. It is the largest crypto exchange in the world in terms of the trading volume. They have traded over $22 billion in the past 24hrs according to data on Coinmarket cap.

Binance is a very good platform suited for both advanced traders and newbie traders. There offer numerous features like staking and futures. Users can buy crypto directly from the exchange or use a peer-to-peer network.

Binance other features include;

Buy, trade, or hold crypto
Large selection of crypto assets (600+)
Binance Pool
Stake and earn crypto
Margin trading
Futures
Top-notch security

Binance Fee Structure

Binance offers one of the lowest fees for buying crypto. They also charge reasonable trading fees.

Deposit Fees

Buy crypto with credit/debit cards - Up to 3.5% - 4.5%.

Deposit crypto from wallets - Free.

Trading fees

Binance charges 0.1% on transactions as a trading fee. This figure further reduces if you hold Binance's native token BNB, which gives you a 25% discount on all trading fees.

So;

Maker/taker fees - 0.1000% / 0.1000%

Mater taker fees with 25% off - 0.0750% / 0.0750%

3. Poloniex

CEX.IOPoloniex is a reputable U.S based cryptocurrency exchange founded in 2014 by Tristan D’Agosta. It's one of the oldest exchanges in the market with millions of users worldwide. They offer a wide selection of assets and trading options like spot and margin trading to suit all types of traders.

A few Poloniex features include;

Offers 200+ crypto assets
Buy and Sell Crypto
Earn crypto through lending
Futures trading
Margin trading
Advanced security

Poloniex Fee structure

Poloniex has one of the most competitive fees on the market.

Deposit Fees

Crypto deposits are Free
Buy Crypto (Via Simplex) - They charge 3.5% or $10 flat fee (Depending on which is higher)

Trading fees

Poloniex has very reasonable fees. It's not too high and it's charged on a per-trade basis. The maker fee starts at 0.145%, while the taker fee is from 0.155%. Transaction fees can decrease if you increase your trading volume in 30 days or hold at least $50 worth of TRX tokens in your spot wallet.

So;

Maker/Taker fee - 0.145%/0.155%

Maker/Taker fee for TRX holders - 0.1015% / 0.1085%

4. CEX.IO

CEX.IO is a European-based cryptocurrency exchange that has been around for quite some time. It was founded in 2013 and is headquartered in London, United Kingdom. They have half a million users and are the go-to option for people who want to trade BTC, ETH, and Stellar among others.

CEX.IO is gaining more popularity as it offers reasonable trading fees. They also offer a host of features for crypto enthusiasts and investors.

A few CEX.IO features include;

Instant buy crypto
Stake and earn crypto
spot trading
Margin trading
Crypto-backed loans
24/7 support

CEX.IO Fee Structure

Like most exchanges CEX.IO follows a maker-taker schedule. They also have comparable fees for buying crypto or depositing crypto

Deposit Fees

Buy crypto using credit cards - up to 3.99%

Trading fees

CEX.IO's trading fees are subject to a 30-day trading volume on all pairs. Their maker/taker fee is 0.15%/0.25% for trades below $10,000. And 0.13%/0.23% for trades above $10,000

So;

Maker/Taker fee - 0.15%/0.25%

5. Kraken

Kraken is a trusted exchange founded in 2011 by Jesse Powell. Kraken is one of the earlier crypto exchanges that pioneered the movement. The company function as a bank and exchange and provides live trading charts.

Kraken is the 14th largest crypto exchange by trading volume, with $878 million in the past 24hrs. They offer a wide selection of crypto coins and users can buy, sell and earn crypto on their platform.

A few of Kraken's features include;

Buy/Sell crypto
Stake and earn crypto
Margin trading
Futures
OTC desk
24/7 customer support
High-level security

Kraken Fee Structure

Kraken's trading fee structure is comparable to other exchanges in the market. However, their deposit fees are expensive.

Deposit fees

Buy crypto via debit/credit cards - 3.75% + $0.25 + Kraken fee

Digital wallets payments - 3.75% + $0.25 + Kraken fee

ank transfers via ACH network - $0.5 + Kraken fee

Kraken Fee: 0.9% fee when you buy stablecoins (USDT, USDC, or DAI) with USD and a 1.5% fee for any other crypto pair.

Trading Fee

Kraken trading fees are relatively low and they use a maker/taker structure like most crypto exchanges. The maker fee is 0.16%, while the taker fee is 0.26%.

So;

Maker/Taker fee - 0.16%/0.26%

Conclusion

Active traders or scalpers who want to trade more than five times per day should choose an exchange with the lowest transaction fees. This will help you make more out of your investments and trading experience. It will also help you secure your profits.

This content should not be treated as investment advice. Cryptocurrency is a highly risky and speculative market.

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