Top 9 Cheapest Crypto Exchanges With Lowest Fees

A key component to keeping costs down while trading and buying cryptocurrencies is to find a top crypto exchange with the lowest fees possible.

Our team of crypto professionals has reviewed 30+ exchanges to find the most affordable platform to trade cryptocurrencies.

BYDFi stands as the cheapest crypto exchange with lowest feest overall including fees for trading, withdrawals, deposits, management fees, and funding rates.

Best low fee crypto exchange list

The cheapest crypto exchange with lowest fees is listed below:

BYDFi - Lowest fee crypto exchange overall (US traders accepted)
Bybit - Cheapest crypto exchange for futures
Binance - Crypto exchange with lowest fees for altcoins
MEXC - Lowest fee exchange for spot maker and taker fees
Phemex - Crypto exchange with cheapest withdrawal fees
Gate.io - Low fee crypto exchange alternative
Bit.com - Cheapest exchange fees for crypto options
EXMO - Lowest management fee and inactive fees
StormGain - Low deposit fee crypto exchange

For a full breakdown of the fees of each crypto exchange, see the comparison below.

(This article is not meant as financial advice. In some parts of the article we have added affiliate links in which we earn a commission, at no extra cost for you.)

Key takeaways

BYDFi stands out as the top choice for traders looking for a crypto exchange with the lowest fees. It has a competitive fee structure with a maker-taker model that encourages liquidity provision and reduces trading costs.
Bybit is an excellent choice for traders interested in futures trading with low fees. By utilizing limit orders and adding liquidity, traders can benefit from the lower maker fees, reducing their overall trading costs.
It is important to check all different kinds of fees (trading, exchanging, withdrawing, deposit, management, and funding) before making a decision to start trading.

Best crypto exchanges with lowest fees reviewed

When analyzing and review the crypto exchanges with the lowest fees on the market, our team has specifically analyzed these types of fees.

Taker fee
Maker fee
Withdrawal fee
Deposit fee
Management fee

1. BYDFi - Crypto exchange with lowest fees overall

Crypto exchange with lowest fees: BYDFi review

BYDFi is considered one of the cheapest crypto exchanges with the lowest fees for several reasons such as low withdrawal, trading, funding, deposit, and management fees. Compared to other similar platforms, BYDFi offers the most cost-effective fee structure for crypto traders.

The platform employs a "maker-taker" fee model, where makers (users who provide liquidity by placing limit orders) pay lower fees compared to takers (users who take liquidity by executing market orders). This encourages users to add liquidity to the exchange, resulting in a more balanced market.

When Rebecca from our testing team tried the limit order function it greatly reduced the amount of fees she paid during the course of the testing day.

The fees for contract trading vary depending on the type of contract and the specific trading pair. When trading on the platform you are charged a percentage of you total position size, for example, 0.06% of a $20,000 position is $12,00.

BYDFi aims to provide competitive fees in the contract trading market, making it an attractive choice for traders looking for low-cost options.

BYDFi strives to keep deposit and withdrawal fees as low as possible to facilitate seamless transactions for its users. The withdrawal fee is different for each cryptocurrency you decide to withdraw.

BYDFi fees

Taker fee = 0.06%
Maker fee = 0.02%
Withdrawal fee = Depending on the blockchain
Deposit fee = Free
Management fee = Free

BYDFi fee discounts

Bityard offers fee discounts through its tiered fee structure which means that a higher trading volume rewards traders with a lower fee.

Pros and cons

Pros:

High Leverage - up to 200x
Fast order execution - 6ms
Secure and regulated as an MSB in USA
Instant deposits with cryptocurrencies
Transparent fee structure
Multilingual platform
Fast KYC verification process

Cons:

Relatively new exchange (founded in 2019)
No staking support for certain cryptocurrencies
Lack of fiat withdrawal options in some regions
No native token or utility token benefits

BYDFi rating: 4.9/5

Visit BYDFi>>

2. Bybit - Cheapest crypto exchange trading fees

Cheapest crypto exchange for leverage fees: Bybit review

Bybit is an excellent choice for crypto traders looking for a cost-effective exchange with low fees. It stands out as one of the best platforms in terms of affordability and a comprehensive fee structure.

The fee structure is based on a maker-taker model, which means that fees differ depending on whether you create liquidity (maker) or take liquidity (taker) in the market. For the trading fees on perpetual contracts, the maker fee is as low as 0.025%, and the taker fee is 0.075%. By utilizing limit orders and adding liquidity to the order book, traders can benefit from the lower maker fees, promoting a more cost-effective trading experience.

Bybit aims to keep withdrawal fees as low as possible, allowing users to access their funds without incurring substantial charges. Withdrawal fees are dynamic and depend on the current network congestion and blockchain fees associated with the specific cryptocurrency you wish to withdraw.

During the time that our testing team analyzed the Bybit fees, Mark withdrew 0.0005BTC on two occasions and paid a total fee of 0.00000023BTC which is among the cheapest in the industry.

Bybit passes on the actual network fees to users, ensuring transparency and reducing unnecessary costs.

Bybit does not charge any fees for depositing funds into your account. This policy makes it convenient for users to transfer their cryptocurrencies or fiat currencies to the platform without incurring any additional expenses.

Bybit does not impose any management fees on users' accounts. This means you can trade and manage your positions without worrying about incurring ongoing charges related to account management.

Bybit fees

Taker fee = 0.075%
Maker fee = -0.025%
Withdrawal fee = Varies by cryptocurrency
Deposit fee = Free
Management fee = Free

Bybit fee discounts

Bybit provides fee discounts in the form of maker fee rebates. Users who add liquidity to the order book by placing limit orders receive a rebate, effectively reducing their overall trading fees.

Pros and cons

Pros:

Competitive maker rebates: $0.025%
High liquidity
Secure cold wallet storage
Tight bid-ask spreads
Active social media community
Regular promotions and bonuses
Multilingual platform support
Auto-deleveraging system for liquidation

Cons:

Not regulated
Not available in all countries
Withdrawal processing time
Limited fiat currency support
No native token or discount mechanism

Bybit rating: 4.7/5

Visit Bybit>>

3. Binance - Lowest fee altcoin exchange

Lowest fee altcoin exchange: Binance review

Binance is considered the best crypto exchange with the lowest fees for altcoin trading. Binance implements a tiered fee structure based on a user's trading volume over the last 30 days. The fees decrease as your trading volume increases, incentivizing active traders. Let's dive into the specific fee tiers:

VIP 0: For users with a 30-day trading volume below 50 BTC or equivalent, the maker fee is 0.10%, and the taker fee is 0.10%.

VIP 1: With a 30-day trading volume of 50 BTC or more, the maker fee reduces to 0.09%, and the taker fee decreases to 0.10%.

The VIP level continues to decrease as trading volumes increase, with lower fees for higher volume traders. The complete VIP fee tier structure can be found on the Binance website.

Binance also offers futures trading with competitive fees with the maker fee ranging is from -0.010% to 0.020%, and the taker fee ranges from 0.040% to 0.040%. This depends on you VIP level.

Dave from our review team tried the futures trading platform on Binance and accumulated a total of $300,000 in trading volume over the course of a 5 hour period which reduced his trading fee by 0.005%.

When it comes to withdrawing funds from your Binance account, the platform charges varying fees depending on the specific cryptocurrency being withdrawn.

These are the main withdrawal fees:

Bitcoin: 0.0004 BTC
Ethereum: 0.006 ETH
Binance Coin: 0.09 BNB

It is worth noting that withdrawal fees may differ for each cryptocurrency and are adjusted by Binance to ensure secure and efficient transactions.

Binance does not charge any deposit fees for cryptocurrency deposits and they do not impose any specific management fees on user accounts.

Binance fees

Taker fee = 0.10%
Maker fee = 0.10%
Withdrawal fee = Varies by cryptocurrency
Deposit fee = Free
Management fee = Free

Binance fee discounts

Binance offers 25% fee discounts to users who hold and use its native cryptocurrency, BNB.

Pros and cons

Pros:

Crypto savings account
BNB discount
Maker/taker fee model
Large coin selection
Margin trading available
OTC trading desk
Regular airdrops and rewards
Efficient order execution
Availability of IEOs (initial exchange offerings)

Cons:

High withdrawal minimums
Limited privacy features
Limited insurance coverage
Inadequate order book depth for some pairs
Risk of exchange hacks

Binance rating: 4.6/5

Visit Binance>>

4. MEXC - Lowest spot market taker and maker fees for crypto

Lowest taker maker fee crypto exchange: MEXC Review

MEXC, an industry-leading exchange, stands out as the best choice for traders seeking a platform with the lowest fees. MEXC implements a tiered fee structure based on a user's trading volume over the last 30 days. The more you trade, the lower your fees become. Here are the trading fee tiers:

VIP 0 (0-100 BTC trading volume): Maker Fee: 0.20%, Taker Fee: 0.20%
VIP 1 (100-500 BTC trading volume): Maker Fee: 0.18%, Taker Fee: 0.18%
VIP 2 (500-1,000 BTC trading volume): Maker Fee: 0.15%, Taker Fee: 0.15%
VIP 3 (1,000-5,000 BTC trading volume): Maker Fee: 0.12%, Taker Fee: 0.12%
VIP 4 (5,000-10,000 BTC trading volume): Maker Fee: 0.10%, Taker Fee: 0.10%
VIP 5 (10,000+ BTC trading volume): Maker Fee: 0.08%, Taker Fee: 0.08%

MEXC provides a range of contract trading options, including perpetual contracts and futures contracts.

Here is the fee structure for each contract type:

Perpetual Contracts: Maker Fee: -0.025%, Taker Fee: 0.075%
Futures Contracts: Maker Fee: -0.025%, Taker Fee: 0.075%

It's worth noting that the negative maker fee for perpetual contracts implies that market makers can receive a rebate for providing liquidity, which incentivizes active trading.

The perpetual contract fees can be reduced according to Rebecca from our review team. Rebecca conducted the contract testing on MEXC and found that a higher trading volume will decrease the active trading fee by up to 0.010%.

MEXC ensures affordability even when it comes to depositing or withdrawing funds. Currently, MEXC does not charge any fees for deposits. However, withdrawal fees vary depending on the specific cryptocurrency.

These are the main withdrawal fees:

Bitcoin: 0.0005 BTC
Ethereum: 0.01 ETH
Ripple: 0.25 XRP
Litecoin: 0.001 LTC
Bitcoin Cash: 0.001 BCH

MEXC does not charge any explicit management fees for holding cryptocurrencies on the platform. However, it's important to note that certain trading activities, such as funding rate payments on perpetual contracts or funding fees on futures contracts, may apply.

MEXC fees

Taker fee = 0.10%
Maker fee = 0.10%
Withdrawal fee = Varies depending on the blockchain
Deposit fee = Free
Management fee = Free

MEXC fee discounts

MEXC provides fee discounts through its tiered VIP membership program. As users upgrade their membership levels by increasing their trading volumes or holding MEXC tokens, they gain access to reduced trading fees.

Pros and cons

Pros:

High trading volume: $2 billion daily
Wide range of cryptocurrencies: 200+ listed
Low trading fees: 0.1% per trade
Robust security features: 98% cold wallet storage
Fast transaction processing: 1.2 million transactions per second

Cons:

Some withdrawal fees may apply
Not available in all countries
Limited educational resources
Some user reviews complain about slow verification process
Potential network congestion during peak times

MEXC rating: 4.5/5

Visit MEXC>>

5. Phemex - Cheapest withdrawal fees for crypto

Cheapest withdrawal fees crypto exchange: Phemex review

Phemex has gained a strong reputation as the best crypto exchange with the lowest fees. Phemex stands out as a top choice among traders due to its commitment to providing competitive fee structures and exceptional services with an emphasis on affordability and transparency.

Phemex charges a fixed 0.10% trading fee on spot trades, regardless of the trading volume or the type of cryptocurrency being traded. Phemex charges a trading fee for options contracts, with a maker fee of -0.025% and a taker fee of 0.075%. Similar to perpetual contracts, these fees provide incentives for market makers while remaining reasonable for takers.

Dave from our testing and review team conducted a thorough research on the options fees on Phemex and found that the options fees were cheaper than the perpetual fees and futures contracts fees by over 0.0010%.

The trading fees on Phemex vary depending on the type of contract being traded.

Here is an overview of the trading fees on Phemex for different contract types:

Perpetual Contracts:

Maker Fee: 0.025%
Taker Fee: 0.075%
Futures Contracts:
Maker Fee: 0.05%
Taker Fee: 0.075%

It's worth noting that the maker fee applies when you add liquidity to the order book, while the taker fee is incurred when you remove liquidity from the order book by executing a trade.

Phemex ensures a seamless withdrawal process with reasonable fees.

The following table provides an overview of the withdrawal fees for popular cryptocurrencies:

BTC = 0.0005 BTC
ETH = 0.005 ETH
LTC = 0.001 LTC
XRP = 0.1 XRP

Phemex doesn't charge any deposit fees for cryptocurrencies, which means you can easily fund your account without incurring additional expenses. Phemex does not charge any management fees.

Phemex fees

Taker fee = 0.075%
Maker fee = -0.025%
Withdrawal fee = Varies by cryptocurrency
Deposit fee = Free
Management fee = Free

Phemex fee discounts

Phemex offers fee discounts through its Premium Membership program. By subscribing to the premium membership, users benefit from reduced trading fees, priority customer support, and access to exclusive features.

Pros and cons

Pros:

Wide range of cryptos
Mobile trading app
Institutional-grade liquidity
Demo trading
Risk management features
Quick sign-up process
P2P trading
Supports market, limit, and conditional orders

Cons:

No insurance coverage
No native token
Limited research tools
No fiat loans
No incentive programs

Phemex rating: 4.5/5

Visit Phemex>>

6. Gate.io - Best low fee crypto exchange alternative

Best crypto exchange with low fees alternative: Gate.io review

Gate.io has gotten popular for offering competitive fees and a comprehensive fee structure that caters to the needs of both novice and experienced traders. Let's delve into the reasons why Gate.io is considered the best low fee crypto exchange, examining their fee structure across different contracts, withdrawal and deposit fees, as well as management fees.

Gate.io charges a standard trading fee of 0.2% for both market takers and market makers. For contract trading, Gate.io employs a maker-taker fee model, which rewards liquidity providers (makers) and charges slightly higher fees to traders who take existing orders (takers).

Mark has tested the trading volume fee structure on Gate.io and confirms that he saved up to 0.002% for increase the trading volume from $120,000 up to $500,000 in on day.

Here are the fee rates based on different trading volumes:

Trading Volume below 1,000 BTC: Maker Fee: 0.025%, Taker Fee: 0.04%
Trading Volume between 1,000 BTC and 5,000 BTC: Maker Fee: 0.02%, Taker Fee: 0.035%
Trading Volume above 5,000 BTC: Maker Fee: 0.015%, Taker Fee: 0.03%

Withdrawal fees on Gate.io vary depending on the specific cryptocurrency being withdrawn.

See the most popular withdrawal fees:

Bitcoin Withdrawal Fee: 0.0004 BTC
Ethereum Withdrawal Fee: 0.01 ETH
Ripple Withdrawal Fee: 0.1 XRP

Gate.io does not charge any fees for cryptocurrency deposits and it does not impose any specific management fees for holding cryptocurrency on its platform.

Gate.io fees

Taker fee = 0.20%
Maker fee = 0.20%
Withdrawal fee = Varies on the blockchain
Deposit fee = Free
Management fee = Free

Gate.io fee discounts

Gate.io offers fee discounts through its native token, GT. Holding GT tokens allows users to enjoy discounted trading fees on the platform, offering an incentive for users to hold and utilize the token.

Pros and cons

Pros:

Fiat support: USD, EUR, etc
Futures trading options
Regular promotions and discounts
High security standards: Cold wallet storage
API Integration for advanced traders
Tiered fee structure for high-volume traders
OTC trading desk for large orders

Cons:

US customer restrictions
Some withdrawal fees apply
Reports of slow customer support
No staking or yield farming features
Limited analytical tools for market research
Not all cryptocurrencies have USD pairs

Gate.io rating: 4.4/5

Visit Gate.io>>

7. Bit.com - Cheapest crypto options exchange fees

Cheapest crypto options exchange fees: Bit.com review

Bit.com has emerged as a leading platform that offers traders the lowest and cheapest crypto options trading fees. Bit.com sets itself apart from other crypto exchanges by offering highly competitive contract fees.

As our testing team reviewed the trading and exchange fees on Bit.com, Rebecca tested the withdrawal fee on both Bitcoin and Ethereum. She withdrew 0.00005BTC and paid 0.00000012BTC in fee. Rebecca also withdrew 0.003 ETH and paid 0.00004 ETH in fees.

Here is a breakdown of the contract fees on Bit.com:

Perpetual Swaps:
Maker Fee: 0.02%
Taker Fee: 0.04%

Options:

Maker Fee: 0.02%
Taker Fee: 0.04%
Settlement Fee: 0.05%

Bit.com strives to provide cost-effective withdrawal options for its users.

Here are the withdrawal fees associated with popular cryptocurrencies on Bit.com:

Bitcoin (BTC): 0.0005 BTC per withdrawal
Ethereum (ETH): 0.01 ETH per withdrawal
Ripple (XRP): 0.25 XRP per withdrawal
Litecoin (LTC): 0.001 LTC per withdrawal

Bitcoin Cash (BCH): 0.001 BCH per withdrawal

The platform ensures low deposit fees for various cryptocurrencies, including:

Bitcoin (BTC): No deposit fee
Ethereum (ETH): No deposit fee
Ripple (XRP): No deposit fee
Litecoin (LTC): No deposit fee
Bitcoin Cash (BCH): No deposit fee

Bit.com provides management services for users who prefer a hassle-free trading experience. While the exact management fees can vary depending on the user's preferences and trading volume, Bit.com is known for its competitive rates.

Bit.com fees

Taker fee = 0.035%
Maker fee = -0.025%
Withdrawal fee = Depending on the cryptocurrency
Deposit fee = Free
Management fee = Free

Bit.com fee discounts

Bit.com provides fee discounts to users who hold its native token, BTMX. By staking BTMX, users can unlock reduced trading fees, enhancing their trading experience on the platform.

Pros and cons

Pros:

0.02% rebate for liquidity providers
Zero fees for crypto deposits
Easy to navigate
Round-the-clock assistance
Insurance fund
Fast account verification

Cons:

Lesser fiat currency support
Inactivity fees
Less institutional support
No fiat lending
Potential slippage

Bit.com rating: 4.4/5

Visit Bit.com>>

8. EXMO - Lowest crypto management and inactive fee

Lowest crypto management fee and inactive fee exchange: EXMO review

EXMO stands out as one of the best crypto exchanges with the lowest fees in the industry. With its tiered fee structure, users can benefit from reduced trading fees based on their 30-day trading volume.

During 48 hours, our review team has tested the platform for all the fees they possibly have and below is the breakdown of the fee structure across various aspects of the platform.

EXMO implements a tiered fee structure based on a user's 30-day trading volume which rewards traders with higher trading volumes.

The fee tiers are as follows:

30-Day Trading Volume under 50 BTC: Maker fee - 0.20%, Taker fee - 0.20%
30-Day Trading Volume between 50 BTC and 100 BTC: Maker fee - 0.18%, Taker fee - 0.18%
30-Day Trading Volume between 100 BTC and 500 BTC: Maker fee - 0.16%, Taker fee - 0.16%
30-Day Trading Volume between 500 BTC and 1,000 BTC: Maker fee - 0.14%, Taker fee - 0.14%
30-Day Trading Volume over 1,000 BTC: Maker fee - 0.12%, Taker fee - 0.12%

EXMO does not charge any deposit fees for cryptocurrency deposits. This means you can freely transfer your preferred cryptocurrencies to your EXMO account without incurring any additional charges.

Withdrawal fees on EXMO vary depending on the specific cryptocurrency.

These are the main withdrawal fees on the platform:

Bitcoin: 0.0005 BTC
Ethereum: 0.01 ETH
Litecoin: 0.001 LTC
Ripple: 0.02 XRP
Bitcoin Cash: 0.001 BCH

The price for withdrawing each cryptocurrency depends on each blockchain. EXMO does not charge any management fees for holding cryptocurrencies in your account.

EXMO fees

Taker fee = 0.20%
Maker fee = 0.20%
Withdrawal fee = Varies by cryptocurrency
Deposit fee = Free
Management fee = Free

EXMO fee discounts

EXMO offers a tiered fee structure based on trading volume which lowers the trading fee for users with high trading volume.

Pros and cons

Pros:

Discounts for high volume traders
Fast order execution: 0.01 seconds
98% of funds stored in cold wallets
Fast KYC verification
Daily market analysis and updates
Segregated client accounts
Options for fiat-to-crypto
Independent trading community

Cons:

Lack of native token or utility coin
Potential regulatory risks
No built-in trading bot
Occasional downtimes during maintenance
No direct bank withdrawals
No cryptocurrency staking pools

EXMO rating: 4.3/5

Visit EXMO>>

9. StormGain - Best zero fee crypto exchange

Best zero fee crypto exchange: Stormgain review

StormGain is considered the best zero fee crypto exchange and we are going to outline the fee structure for different contracts, withdrawal and deposit fees, as well as management fees.

StormGain offers highly competitive spot trading fees which is based on a tiered system, determined by the user's 30-day trading volume.

Dave tested the 30-day trading volume fee structure during the analysis of StormGain and confirms that he received a rebate for the perpetual futures of -0.03% when trading DogeCoin.

Here's an overview of the fees based on trading volume:

Trading Volume under 50 BTC: Maker Fee: 0.15%, Taker Fee: 0.15%
Trading Volume between 50 BTC and 500 BTC: Maker Fee: 0.10%, Taker Fee: 0.10%
Trading Volume above 500 BTC: Maker Fee: 0.05%, Taker Fee: 0.10%

StormGain also provides futures trading with incredibly low fees. The platform charges a fixed fee per contract and does not have funding fees.

Here are the fees for futures trading on StormGain:

BTC/USDT Perpetual Futures: Maker Fee: -0.02%, Taker Fee: 0.075%
ETH/USDT Perpetual Futures: Maker Fee: -0.025%, Taker Fee: 0.075%
LTC/USDT Perpetual Futures: Maker Fee: -0.03%, Taker Fee: 0.075%
XRP/USDT Perpetual Futures: Maker Fee: -0.03%, Taker Fee: 0.075%
BCH/USDT Perpetual Futures: Maker Fee: -0.03%, Taker Fee: 0.075%
DOGE/USDT Perpetual Futures: Maker Fee: -0.03%, Taker Fee: 0.075%

StormGain aims to make crypto trading accessible and affordable, which is why they have minimal withdrawal fees. StormGain does not charge any fees for deposits.

Fees associated with withdrawals:

Bitcoin Withdrawal Fee: 0.0005 BTC
Ethereum Withdrawal Fee: 0.01 ETH
Litecoin Withdrawal Fee: 0.01 LTC
Ripple Withdrawal Fee: 0.1 XRP
Bitcoin Cash Withdrawal Fee: 0.001 BCH
Dogecoin Withdrawal Fee: 2 DOGE

StormGain provides an exceptional opportunity for users to participate in the crypto market through their management fee structure, also known as the interest rate for holding assets on the platform. StormGain offers a substantial annual interest rate of up to 10% on stablecoins, including USDT and USDC, enabling users to earn passive income on their holdings.

StormGain fees

Taker fee = 0.10%
Maker fee = 0.10%
Withdrawal fee = Varies by cryptocurrency
Deposit fee = Free
Management fee = Free

StormGain fee discounts

StormGain offers fee discounts through its VIP program. By reaching higher VIP levels, users gain access to reduced trading fees, providing them with cost-saving benefits as they trade on the platform.

Pros and cons

Pros:

No fees for deposits
Low Withdrawal Fees: Approx. 0.0005 BTC per transaction
Demo Account
Quick and efficient order processing
Availability of stablecoins pegged to fiat currencies
Cross-Platform Sync
Up to 500x leverage

Cons:

No desktop trading platform
No fiat withdrawals
Limited educational materials
No fiat trading pairs

StormGain rating: 4.3/4

Visit StormGain>>

What is a crypto exchange?

Cryptocurrency exchanges are platforms where trade in cryptocurrencies is facilitated. An exchange is usually centralized meaning that a company is charged for putting the rules such as fees, how to store the coins, and which coins to sell.

They offer order books where buyers and sellers can place their desired buy or sell orders, allowing for the matching and execution of trades. These platforms typically support different trading pairs, allowing users to trade one cryptocurrency for another or for fiat currency like USD or EUR.

Beyond facilitating trading, crypto exchanges may provide additional features such as wallet services for storing cryptocurrencies, advanced trading tools, and charts for technical analysis. Some exchanges also offer margin trading, futures contracts, and options trading, catering to more advanced traders.

What are the different crypto exchange fees?

Different crypto exchanges may charge various types of fees, including:

Trading Fees: These are fees charged for executing trades on the exchange. They can be categorized into maker fees (for adding liquidity to the order book) and taker fees (for removing liquidity from the order book).
Deposit Fees: Some exchanges may charge fees for depositing funds into your trading account.
Withdrawal Fees: These commissions are charged to withdraw funds from a cryptocurrency exchange.
Management Fees: Certain platforms may charge management fees for services like storing your cryptocurrencies or providing additional features and tools.

How to find and select a low fee crypto exchange

To find and select a low fee crypto exchange, consider the following factors:

Compare fee structures: Research and compare the fee structures of different exchanges to identify those with competitive rates.
Consider trading volume: Some exchanges offer tiered fee structures, where higher trading volumes can lead to lower fees. Assess if the exchange's fee tiers align with your trading activity.
Check for deposit and withdrawal fees: Look for exchanges that offer low or zero deposit and withdrawal fees.
Read user reviews: Explore user reviews and feedback to gain insights into an exchange's fee transparency and overall user experience.

What our crypto exchange review process looks like

Our review process for finding the best low fee crypto exchange involves meticulous evaluation and comparison of various factors. We analyze the fee of different exchanges, including trading fees, deposit and withdrawal fees, and management fees. We consider the transparency, competitiveness, and flexibility of fee schedules.

Additionally, we assess the security measures implemented by the exchanges to safeguard users' funds and personal information. The range of available cryptocurrencies for trading, user experience, customer support, and overall reputation are also essential aspects we scrutinize.

This process is put in palce to help crypto traders and investors find the best low fee crypto exchange that suits their needs.

Can you buy and trade crypto with zero fees?

While it is rare to find exchanges that offer completely zero fees, some platforms may provide promotional offers or specific trading pairs with zero fees for a limited time. However, it's crucial to thoroughly review the terms and conditions and understand any potential hidden fees associated with these offers.

FAQ

Can you avoid fees when trading crypto?

Avoiding fees entirely when trading crypto is challenging, but you can minimize fees by selecting exchanges with competitive fee structures, utilizing platforms that offer reduced fees for high trading volumes, and being mindful of deposit and withdrawal fees.

Does Binance have fees for crypto?

Yes, Binance charges fees for crypto trading. The fees vary depending on factors such as your trading volume, the type of trade (maker or taker), and the specific trading pair.

What is the difference between fee and spread in crypto?

In crypto trading, a fee refers to the amount charged by the exchange for executing trades. It is usually a percentage of the transaction volume. The spread represents the cost of executing an immediate trade and is the distance between the buy and sell price of an asset.

What is the cheapest site for Bitcoin?

One of the cheapest sites to buy and trade Bitcoin is BYDFi. The trading fee is 0.06% and to buy crypto with credit card you are charged less than most other competitors.

What crypto exchange has the cheapest Bitcoin withdrawal fees?

BYDFi has one of the cheapest withdrawal fees for Bitcoin as they don’t add any extra fees on top of the blockchain transaction fee.

How to buy Bitcoin with zero fees?

Buying Bitcoin with zero fees may be challenging, but you can explore peer-to-peer trading platforms or exchanges that offer promotions or specific trading pairs with temporary zero-fee offers. However, always ensure you understand any potential hidden fees and read the platform's terms and conditions before proceeding.

Conclusion

In conclusion, when searching for the best cheapest crypto exchanges with the lowest fees, it is important to consider factors such as trading fees, withdrawal and deposit fees, and management fees. Based on our review process, we have identified BYDFi as the best low fee crypto exchange with a taker fee of 0.06%.

Other qualified exchanges are Bybit, Binance and MEXC which have trading fees of 0.10% or less.

About the authors

Rebecca is a financial writer with an interest in altcoin trading, crypto startups, and ICO’s. After working for big financial firms for over a decade, she has a deep understanding of how crypto exchanges and their fee system works.

Dave is an avid crypto enthusiast and an experienced trader. He has a keen eye for spotting opportunities in the market and has a deep understanding of the different crypto exchanges and their fee structures. Dave's expertise lies in analyzing trading fees and finding the most cost-effective options for traders.

Mark has a background in finance and economics and is not an avid follower and writer of cryptocurrencies. Mark also enjoys exploring the intricacies of crypto exchanges and their fee models.

Together, Rebecca, Dave, and Mark bring their expertise and passion for cryptocurrencies to provide readers with comprehensive and unbiased information about the best cheapest crypto exchanges with the lowest fees.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.