Traders will always want to consider a number of aspects before signing up with and using a cryptocurrency exchange but one of the most common ones will be the trading fees that they will be charged.
These exchanges will have to make money in order to keep the lights on and this money can be made in various ways. They can either take a cut of every trade made (which is what pretty much all will do) or charge fees for withdrawing or depositing currencies. Some will do both but trading fees will be found at almost every cryptocurrency exchange out there right now.
Trading fees can be very high at some cryptocurrency exchanges, with 0.50% on trades being quite common. There are, however, a number of cryptocurrency exchanges that are far more generous. Some will charge no fees for makes (those selling currencies), some will even allow makes to earn rebates and some will just have a flat fee for both makers and takers.
As traders, you will want to use cryptocurrency exchanges that are more than fair with the trading fees that they charge, as these fees can be worth quite a lot (especially if you are a regular and serious trader).
We have done a lot of the work for you and come up with a list of ten cryptocurrency exchanges that are popular with traders due to the low fees that they charge. They are also exchanges that we know to be reputable and worth a look at. Some of these places we are sure you will already know about but we are fairly certain that there will be a new exchange on this list for everybody.
This list is in no particular order but all will have fees that are well below what you will find at the many other exchanges that you will find online.
Best 10 Cryptocurrency Exchanges with Lowest Trading Fees
???? 1. Binance Only 0.05% Fee!
Binance is another great option if you are looking for a cryptocurrency exchange that is renowned for having low trading fees. This exchange is probably the most popular one around at the moment but it should be noted that this is a crypto-to-crypto exchange. This means that you will have to already own a cryptocurrency that they support the trading of before you can use the exchange.
Where this exchange differs greatly from the likes of GDAX, is that it offers a huge selection of trading pairs. It is also far more beginner-friendly, more anonymous and is what many feel a true decentralized cryptocurrency exchange should be like.
The trading fees at Binance will vary depending on the trading pairs that you use but on average, you will be looking at about 0.1% per trade. Furthermore, if you use Binance Tokens, the exchanges own cryptocurrency for your purchases, you will even get a 50% discount.
Other big benefits of using Binance include the sheer number of cryptocurrencies that they support the trading of. All the major coins can be traded alongside a good selection of altcoins and tokens too. We have never had any problem with recommending this cryptocurrency exchange, so you should definitely go and take a look.
- Trading fees extremely low, 0.1% trading fee and ONLY 0.05%
if you buy some BNB, they will then use BNB to pay for transaction fees as default. You will then get a 50% discount on fees on all trading.
- Vast selection of cryptocurrencies.
- Popular and reputable exchange.
Hitbtc is a cryptocurrency exchange that has been around since 2014 and has since grown to become a fairly popular one. This popularity is mainly down to the low fees and the fact that you will even be given a rebate for creating liquidity on the HitBTC exchange.
Taker fees are set as standard at 0.10% which is very good on its own but when you are the maker, instead of paying fees, you will actually earn 0.01%. This comes out of the taker fee and essentially makes this an excellent exchange for sellers.
Another excellent aspect of HitBTC is that it is incredibly newbie-friendly. Those who are new to the world of cryptocurrency trading can often feel overwhelmed and confused whenever they go to a cryptocurrency exchange. At HitBTC, everything is made as simple to understand as possible and it makes for a great exchange to use to get introduced to the trading of cryptocurrencies.
Only the major crypto coins can be exchanged here but they do allow you to use fiat currencies if you do not already have some cryptocurrencies to trade. HitBTC is certainly an exchange that you should check out if you have not done so already.
- Rebates for Makers.
- Low taker fees.
- Very newbie-friendly
Tidex is a new cryptocurrency exchange that launched in the early part of 2017 that makes this list due to the low trading fees that it provides its traders. This crypto-to-crypto exchange has more than 70 different currencies, coins and tokens for a flat fee of 0.1% for both makers and takers.
It should be noted that you will have to own some cryptocurrencies before you can trade here. If you do not own any, you can always purchase them from another exchange and then bring them here afterwards. Due to being only crypto-to crypto, this exchange does offer a lot more anonymity, however, as you will never have to use fiat currencies on the exchange.
As a relatively new exchange, Tidex has not yet implemented margin trading but has hinted that it will be adding this feature in the future. Despite the lack of this feature, Tidex does offer an easy-to-use interface and would be an ideal exchange for newcomers to cryptocurrency trading.
Certainly worth a look, so why not check out what Tidex has to offer?
- 1% trading fee
- More than 70 cryptocurrencies
- Easy-to-use interface
4. Livecoin ( there has been some complaints post on the internet about Livecoin so we do not recommend using them)
Another excellent choice would be Livecoin, a cryptocurrency exchange that has an abundance of cryptocurrencies you can trade and a fantastic fee structure. The trading fees you will pay at Livecoin will be determined by your trading volume over the previous 30 days at the exchange. Those fees start at a high of 0.18% for every trade if you have a trading volume of under $100,00.
That fee alone is very low but it gets incrementally lower as your trade volume hits certain limits. Having a trading volume of more than $100,000 but less than $200,000 will earn you a fee of 0.16% but you could earn as low as 0.02% if you were a really serious trader with hugely trading volumes at the exchange.
Livecoin was first established back in 2013 in London while their servers are hosted in the US. Being linked to these countries should make you feel far more comfortable than trading somewhere that has a less than trustworthy reputation.
There is no margin trading available at Livecoin but most of you will be happy enough to trade one of the largest lists of cryptos that we have seen through using spot buying. Livecoin is definitely an exchange you should be checking out.
- A trading fee of between 0.02% and 0.18%
- Tons of cryptocurrencies
- Based out of the UK
With regards to trading fees, CEX.io makes for another great option for cryptocurrency traders. The fees that you pay as either a taker or maker will depend on the 30-day trade value that you have performed for the previous 30-days. The standard fees start out as 0.25% for takers and 0.16% for makers but could go as low as 0.10% and 0.00% respectively.
That fee schedule means that this cryptocurrency exchange is an excellent option for those of you that are regular traders. If you are someone that does not do too much trading, on the other hand, you might want to consider an exchange that is a little cheaper as standard.
Cex.io is a London-based cryptocurrency exchange that was first launched in 2013 that allows the simple purchase and selling of BTC, ETH and DASH and also the margin trading of those cryptocurrencies against the US dollar, Euro and each other. Although it offers some more advanced trading options, we still think that this exchange is suitable for beginners.
That is not a huge number of cryptocurrencies but if they are the ones you are most interested in, CEX.io would make for a good destination when it comes to cryptocurrency trading.
- Trading fees lower the more you trade.
- Margin trading available too.
- Based in London.
Another cryptocurrency exchange that is both popular and cheap to use is that of Bitfinex. This is another exchange that makes use of maker and taker fees rather than having a standard trading fee across all trades.
As standard, all taker fees are set at 0.20% no matter how much of a particular cryptocurrency is being bought. As for maker fees, these will start at 0.10% but will be even lower depending on how many cryptocurrencies you are selling. The more you sell, the lower the maker fees will be as you are adding liquidity to the Bitfinex exchange.
While Bitfinex charges a maker fee, something that others on this list do not do, they make up for this by not charging any fees at all for deposits and withdrawals. This will be of big appeal to many as sometimes these fees on other exchanges can be quite large.
There are close to forty different cryptocurrency coins that can be traded on Bitfinex, another reason why it is a popular marketplace for traders. All of the major coins are supported as well as some altcoins as well.
- Low taker fee.
- No withdrawal/deposit fees.
- Nice variety of coins to trade.
LakeBTC is another option if you are looking for an exchange with more than competitive trading fees. Where most exchanges on this list are just that, LakeBTC is both an exchange and a broker of cryptocurrencies. You can either trade your cryptocurrencies with other traders using their exchange or you can simply buy or sell your currencies using their brokering service at the current market rate.
As for the trading fees on LakeBTC, these will differ depending on whether you are a maker or a taker on deals. Takers will always be charged a flat fee of 0.2% while makers will be charged between 0% and 0.15% per trade depending on their previous 30-day trading volume. Anyone who has a trading volume of less than 20,000 BTC will be charged that 0.15% but that fee will get lower the more trading volume you perform.
LakeBTC is definitely a good cryptocurrency exchange and one that has been around for quite some time. It might not be quite as popular as it once was but it can still be considered as one of the leading exchanges. It also accepts a number of fiat currencies, so if that is what you are looking for, you should check it out.
- Maker fees between 0% and 0.15%
- Good choice of cryptocurrencies
- Exchange and broker all in one
Cryptopia is a New Zealand-based cryptocurrency exchange that is also extremely popular among traders. It mainly deals with crypto-to-crypto trades but does accept the NZDT fiat currency if you wish to purchase some cryptocurrencies. It is popular for a number of reasons with one of them being the competitive trading fees that they charge.
All trades are subject to a standard trading fee of 0.20% which is not the lowest around but is certainly lower than the majority of online cryptocurrency exchanges out there right now. It is also low enough to make this list of ours. We also like how the fees are straightforward and not structured in a complicated way – you always know what you are going to be charged.
Cryptopia is also popular because it supports the trading of a substantial number of cryptocurrencies and not just the major ones. With so many trading options to choose from, traders will literally always have something to do at Cryptopia. They are also a reputable exchange that has been around since 2014.
- Standard low trading fees of 0.20%
- Launched in 2014
- Hundreds of cryptocurrencies to trade
GDAX is the first cryptocurrency exchange to make our list and while it might only allow the trading of Bitcoin, Ethereum and Litecoin, it certainly has some of the lowest trading fees around.
They work via a maker-taker model where traders that sell (makers) cryptocurrencies are not charged a trading fee while takers (or buyers) will be charged 0.25% for BTC markets and 0.3% for all other markets. All crypto withdrawals and deposits have no fees attached to them but as you might expect, there will be fees when depositing and withdrawing fiat currencies.
GDAX is operated and owned by the same company that owns Coinbase, another popular cryptocurrency exchange. It was first launched in 2012 and is based out of San Francisco in the United States. Coinbase has much higher fees, however, and that is why GDAX has become one of the most popular cryptocurrency exchanges around.
GDAX is not an exchange that can be considered as beginner-friendly and has obviously been designed with the more advanced trader in mind. It offers margin trading as well as market, limit and stop buys.
- Extremely low fees.
- Same owners as Coinbase.
Bittrex has some of the higher trading rates on this list but they are still pretty competitive. There are many other cryptocurrency exchanges out there that have higher rates than Bitrexx and they do not offer half the quality that this exchange does. The rates here are fixed at 0.25% for each and every trade that you make.
Based in the US, another positive about Bittrex is that they do actually accept US-based traders. In fact, they offer their platform to traders all around the world and have a fairly substantial number of traders using their exchange.
Bittrex was first established in 2014 and it has since grown its portfolio of accepted cryptocurrencies to more than 250. This is why so many traders are so fond of Bittrex as it does not just focus on the major coins but also many of the smaller ones as well. There is no margin trading available, however, which is a little disappointing. If you prefer to just buy and sell, however, this is a good place for you to trade at.
- Accepts US-based traders
- Stand trading fees of 0.25%
- More than 250 cryptocurrencies
That just about wraps it up for our extensive list of which cryptocurrency exchanges you should be considering if you are looking for low trading fees. We have not just listed exchanges that we know are the cheapest either as we have also taken into account their reputation in the cryptocurrency community. There may be exchanges cheaper than some on this list but they are certainly not as reputable.
We should also let you know that while these cryptocurrency exchanges offer low trading fees, there may be fees associated with deposits and withdrawals, so if that is something that you consider when using an exchange, you should delve into that to establish what you might have to pay depending on the payment methods you plan to use.
Rounding it Up
There are plenty of exchanges out there that will let you trade at low rates. The only obstacles you will need to overcome is whether your country is accepted and of course whether the wallet you are using is compatible with the exchange.
At least for the most part you will be able to find an exchange that is compatible in your country if none of the exchanges here suit your location. As most of our readers come from the UK, US, and Canada with a few from Europe, most of the exchanges you see here will be perfect. Trading at lower prices will inevitably help maximise your profits and cushion any downswings to a certain extent.
For the most part using exchanges and dealing in cryptocurrencies is always going to come with a small fee. However, this is much better than the charges you will get when dealing with banks or if you happen to be a FOREX or stick trader, the fees are much smaller when trading in digital currencies despite the crypto market being a more volatile.
The great news is that if you get in at the right time when there are downturns in value of cryptocurrencies and get out at the right time with limited fees incurred on trades, you can make a lot of money via crypto trades.
We hope that you enjoyed out guide to the 10 Cryptocurrency Exchanges with Low Trading Fees.