The crypto market is highly volatile; it often gets hard to keep up with what’s going on. One of the most volatile aspects of the crypto market is trading fees. Therefore, having an up-to-date list of lowest fee crypto exchanges can help you immensely.
Presently traders have many options when it comes to choosing an exchange, but many trading platforms hide their fee structure and confuse the users with overlapping discounts. Thus, this list of crypto exchanges with lowest fees will help you make an informed decision.
List of Lowest Fee Crypto Exchanges In 2022
Here highlighted are some of the most credible and lowest fee crypto exchanges in the crypto environment.
Pionex is a renowned crypto exchange with 18 different bots, allowing users to make trades 24/7 without even screening the market. The exchange has the first place in this list of cheapest crypto exchanges because it has a lowest fee structure as compared to other major exchanges. The basic transaction fee is settled at 0.05% for a maker and 0.05% for a taker. The withdrawal fee might vary depending on the size of your transaction.
Binance is one of the largest crypto exchanges as it has millions of users around the globe. The reason behind the popularity of Binance is its competitive fee structure. It charges a flat fee of 0.1% for trading and 0.5% fee for instant buying and selling crypto, so your actual fee amount will depend on the amount of the trade. The bigger the size of your transaction is, the higher the fee will be.
Note: “One way to lower your trading fee is to keep some BNB in your account at all times so your fees can be taken from that. Doing this fetches you a 25% discount on all trading fees”.
Gemini is another prominent name in this list of crypto exchanges with lowest fees. It has a very appealing fee structure. According to its fee structure a user has to pay $0.99-$2.99 fee for USD web and mobile transactions between $10 and $200, 0.50% convenience fee, and 3.49% fee for debit card transfers. Without a doubt, Gemini is a world-renowned exchange that has assisted users around the globe to research the crypto market and buy/sell crypto assets.
Kraken is another high-profile crypto exchange that allows users to buy, sell and trade various crypto assets. Both new and high-volume traders enjoy the benefits of low fee products and high trading limits. The exchange is completely safe to trade crypto assets as it implements high-end security protocols such as air-gapped cold storage, 2FA withdrawal email confirmation, precise API key permission control, strict surveillance, and SSL encryption.
Trading fees on this exchange ranges from 0% to 0.26% per trade and 3.75% + €0.25 for credit card purchases. Additionally, the exchange charges 0.5% plus 0.9% or 1.5% for ACH purchases.
Coinbase is one of the earliest and lowest fee crypto exchanges in the market. The best aspect of this exchange is that it has an easy-to-use interface which is perfect for new traders. Moreover, the exchange facilitates the users by supporting PayPal payments. Just like other leading lowest fee crypto exchanges, Coinbase also has strong security details including biometric fingerprint logins, two-step verification, insurance in case of cyber breaches, digital wallets with AES-256 encryption, and FDIC-insured USD balances.
Trading fee for maker-takers on Coinbase is settled at 0.50% per trade and 3.99% for credit card purchases. Moreover, the platform charges 1.49% for bank account or Coinbase USD wallet purchases.
Another prized addition to this list of cheapest crypto exchanges is Cex.io. It offers a wide range of services to traders including margin trading, staking, and a lot more. It is one of top platforms that offers instant digital asset purchases through credit or debit cards. In addition to supporting various payment gateways, Cex.io enables users to fund their account with both bank or crypto transfers.
CEX.IO follows a maker and taker-based fee structure that relies on users’ 30-day trading volume for all trading pairs. The trading fee on this exchange ranges from 0% to 0.25%, which is quite similar to Kraken’s fee structure.
While reiterating on the point made earlier, when you are choosing an exchange for trading crypto its fee structure and security should be the key factors you must look for. Thus, all the exchanges mentioned in this list of lowest fee crypto exchanges are competitive and safe for users.
To understand the fee structure of each platform in-depth you can visit their official website.