Last update: Jul 4, 2022

Best Crypto Exchanges with Low Fees

This article will briefly cover the security options offered by each platform on the list, as well as the internal protocols they use to protect your data. The list focuses on well-balanced crypto exchanges, so we will only discuss platforms that offer affordable fee structures while still maintaining competitive features. While the exchanges on the list vary slightly in focus and provided tools, they will all deliver impressive performance and functionality at an affordable cost.

Types of Cryptocurrency Exchange Fees

Understanding the fee structures of different crypto platforms can be overwhelming, as some services charge additional fees and use specific terminology. So before we get into the list of the best crypto exchanges with low fees, we’ll give you a chance to get familiar with the basic types of fees crypto exchanges apply to transactions using their platform.

Keep in mind that different trading platforms may have unique fee strategies, so don’t expect to be able to understand the fees of all centralized and decentralized exchanges immediately. However, while structures may vary, the following sections will give you the basics you need to understand which options are easier on your budget.

Trading fees

For the majority of traders, trading fees are the type of fee that will most impact your bottom line. To minimize these costs, it’s crucial to fully understand how your platform applies these fees to your transactions and which role you typically play in your trades.

These fees apply to each trade, and platforms usually split them between separate taker fees and maker fees. As a result, the percentage differs based on the trade’s overall value, and these fees also often vary based on the amount of trading you engage in regularly.

Deposit and withdrawal fees

These fees apply when you add or remove funds or assets from your account and do not apply to trades within the platform. These fees may not impact users who keep their coins on one platform at all times but can have a significant effect if you like to move your assets around.

Fortunately, many of the platforms on this list do not charge their users deposit or withdrawal fees, making it easy to move money to and from the platform. If this is a priority for you, do your research and choose a platform that doesn’t charge these fees.

Margin trading fees

Margin trading is inherently more complex than regular crypto trading, so it makes sense that the fee structure involved would also be a bit more complicated. While it’s a bit too much information to explain in this article thoroughly, the critical thing to understand about these types of fees is that the amount they reach can depend on the borrowed amount as well as the initial interest rate.

#1 Poloniex Exchange

Based in Delaware, Poloniex is a leading American crypto exchange platform owned by Circle. One of the most trusted names in crypto-trading, Poloniex was the first platform ever to reach a billion dollars worth in trades. The crypto brokerage offers easy and accessible trading to users of all user experience levels and guides them through mastering the tools available.

With Circle managing its operations and customer service, Poloniex’s platform has taken significant steps forward in recent years. The platform has always been affordable, with a maximum fee of 0.125% for both makers and takers, with additional discounts available for high-volume users.

The platform has also recently added support for fiat currency, a significant improvement over its previous crypto for crypto-only policy. With support for a wide variety of currencies, Poloniex is an excellent option for anyone looking for the best crypto exchanges with low fees.

Unfortunately, Poloniex has had a bit of a troubled history, as it suffered a significant hack early on in its operation. Since then, the company has undergone a few ownership changes, ultimately resulting in the platform discontinuing service to the USA in 2021.

Read our complete Poloniex exchange review!

Exchange at a glance
Poloniex details

Country:
Global (except certain countries such as USA)

Currency:
USD, EUR, AUD, CAD, CHF, CZK, DKK, GBP, and a few more

Fees:
Varies

Available Cryptocurrencies:
300+

4.5/5
Visit Poloniex

#2 Changelly PRO Exchange

Launched relatively recently in 2020, Changelly PRO differs in some crucial ways from the basic Changelly platform. For example, the service offers more than 80 trading pairs and keeps costs low with 0.1% trading fees for makers and takers.

The Changelly PRO platform offers an intuitive and user-friendly interface and impressive features, making it a top option among crypto platforms. The platform makes it easy to view your assets using its all-in-one wallet feature. Purchasing crypto using fiat currency is not currently supported, but users can still use the base version of Changelly to make these types of transactions.

The platform also offers compelling security features and an intuitive mobile app, allowing users to monitor their balances and engage in trades even when away from their computers. This application is available to Android and IOS users and offers intuitive design, making it easy to master even for brand new users and beginners.

User accounts are also secured using two-factor authentication, ensuring no one can gain access to your account without your approval. In addition, KYC testing is in place, and the system allows users to set a specific safelist to ensure their withdrawals are secure. These factors demonstrate that Poloniex provides most of the features and advantages consumers seek in their trading platforms.

Read our complete Changelly exchange review!

Exchange at a glance
Changelly Details

Country:
Global

Currency:
USD, EUR, GBP

Fees:
0.25

Available Cryptocurrencies:
200+ cryptocurrencies

4.0/5
Visit Changelly

#3 CEX.io Exchange

cex

CEX.io is a legitimate premium option in the crypto space. While their fee structure is a bit pricier than other platforms on this list, the features offered by CEX.io truly set it apart from the competition. Fees start at 0.25%, but CEX.io offers discounts based on trading volume that can lower these dramatically. In addition, the company takes customer service seriously, so you can count on reliably efficient service when using the platform.

The platform makes it easy to deposit money to your account, accepting bank transfers, ACH, wire transfer, debit cards, and credit cards, and more. Several common fiat currencies are supported, including USD, EUR, and RUB. However, the platform also prioritizes security, so only 26 coins are currently offered. This number is lower than the offerings of others on this list, but the most popular currencies are all there.

CEX.io offers excellent security, utilizing cold storage to ensure user data is secure and KYC testing to eliminate scammers from their site. For users who prioritize the safety of their data and the reliability of their platform, CEX.io is an excellent option as a primary advanced trading platform.

Read our complete CEX.io exchange review!

Exchange at a glance
CEX.io Details

Country:
174 Countries

Currency:
USD, EUR, GBP, and RUB

Fees:
Varies

Available Cryptocurrencies:
65+ Cryptocurrencies

4.1/5
Visit Cex.io

#4 Bittrex Exchange

Another well-rounded exchange with many advantages, Bittrex offers a remarkable variety with hundreds of unique trading pairs and altcoins. Operating since 2014, Bittrex has a lengthy track record proving its dedication to user satisfaction and data security.

Fiat withdrawals are entirely free on the Bittrex platform, although a fee is applied if users withdraw crypto. The trading fees are higher than others on this list at 0.25% across the board but still reasonable compared to most competing platforms.

While utilizing the platform may be a bit more expensive than other options you may be considering, the service offers exceptional value for your money. Every user undergoes KYC and AML testing, so you can always trade with confidence, and you’ll also have the support of a responsive and knowledgeable customer service team.

Read our complete Bittrex exchange review!

Exchange at a glance
Bittrex details

Country:
Global

Currency:
USD, EUR

Fees:
0.35% standard fee

Available Cryptocurrencies:
500+

4.0/5
Visit Bittrex

#5 Binance Exchange

binance

One of the biggest names in the crypto-world, Binance is a true veteran in the market and has been the world’s top exchange since 2018. If variety is a priority for you, Binance is what you’re looking for, offering over a hundred coins and hundreds of trading pairs. Because of this impressive selection, users who love to explore coins that are new to the market or currently trending will enjoy searching through Binance’s extensive list of options.

Deposits and withdrawals are also simple on Binance, with nearly all standard payment methods accepted, except for credit cards. So if you want to purchase Bitcoin with payment processors like PayPal, Binance is an excellent option. Binance also accepts various fiat currencies, including USD, EUR, and forty other options.

As a centralized exchange, Binance offers industry-leading responsiveness and speed, allowing users to efficiently conduct the trades they need to accomplish without waiting for responses from buyers and sellers. Unfortunately, the platform does not accept bank deposits, making adding money to your account more costly than other options.

Unlike well-known exchanges out there with high fees such as Gemini, Robinhood, and eToro, surprisingly, Binance offers all this while remaining one of the most affordable options on this list. The platform charges makers and takers each 0.1% of every trade, with users engaging in higher volume trading eligible to pay no fees at all. Offering impressive variety, reliability, and reputability, Binance is genuinely a win-win option for consumers interested in finding an affordable crypto exchange. Overall, Binance is among the top three crypto exchanges that has the lowest fees. Binance is also perfect for you if you’re interested in crypto staking as well as spot trading.

Though the main Binance platform is not available in certain US states such as in New York, you can use Binance.US without any problem.

Read our complete Binance exchange review!

Exchange at a glance
Binance details

Country:
Global

Currency:
Over 42 currencies

Fees:
0.1%

Available Cryptocurrencies:
600+ Cryptocurrencies

4/5
Visit Binance

#6 Crypto.com Exchange

Crypto.com is a global platform with over 90 countries covered and 10 million users. It also has 3000 employees. You can use the exchange to access crypto research, analyses and educational materials. This will allow you to learn how to trade cryptocurrency or improve your skills as an expert.

You can buy Bitcoin or buy crypto of more than 250 digital assets using fiat via Crypto.com Visa card or bank account. Crypto.com cards allow users to manage and spend crypto anywhere they are at Visa ATMs or stores around the world. Also, if you’re interested in NFTs, then you can count on the platform.

Read our complete Crypto.com exchange review!

Exchange at a glance
Crypto.com details

Country:
Global

Currency:
21 fiat currencies

Fees:
0.04% to 0.4

Available Cryptocurrencies:
600+

4.4/5
Visit Crypto.com

#7 Coinjar Exchange

Coinjar

Founded in 2013, Coinjar has one of the longest track records of any crypto exchange. This much time in the industry has given them time to refine their strategy and operations, which they demonstrate by providing an easy-to-use platform.

Coinjar is one of the safest available platforms, with a security plan developed over years of operation. With the vast majority of its user data safely in cold storage, Coinjar is one of the most secure trading options available.

In terms of downsides, there isn’t much variety on offer, with the only coins currently supported being BTC, LTC, ETH, XRP, USDC, BAT, DAI, and ZRX. Additionally, the only fiat currencies accepted by Coinjar are AUD and GBP, so users who primarily use US Dollars (USD) or other currencies should be wary. However, the platform offers excellent stability and ease of use, making the platform a solid option for anyone interested in crypto trading.

Read our complete Coinjar exchange review!

Exchange at a glance
CoinJar details

Country:
Australia

Currency:
AUD

Fees:
Varies

Available Cryptocurrencies:
52 Cryptocurrencies

4.1/5
Visit CoinJar

#8 OKX Exchange

OKEx has an intriguing history, as the company had to leave its initial home in China after the government banned the trading of ICO tokens in the country. Now based in Hong Kong, OKEx has grown into one of the crypto world’s more established players, breaking the top-20 in total trading volume.

The platform is well-funded by venture capital backing, making it a durable option in the crypto market. Cryptocurrency can be unstable, so having the support of the traditional finance market works in users’ favor.

The platform offers excellent variety, with hundreds of trading pairs and plenty of deposit and withdrawal options. The fee structure is also very competitive, charging takers 0.1% while makers pay 0.15%. This fee structure puts them on par with some of the cheapest options on this list regarding price, order types, and features.

Read our complete OKX exchange review!

Exchange at a glance
OKEx Details

Country:
Global

Currency:
USD, EUR, GBP, AUD, BRL, CAD, JPY, NGN, PHP, RYB, TRY, ZAR, and more.

Fees:
Vary

Available Cryptocurrencies:
8 main coins but 100+ trading pairs

4.1/5
Visit OKEx

#9 Kraken Exchange

Geared toward professional traders and crypto investors, Kraken Exchange offers several benefits for high-volume users. Firstly, although their fee structure seems a bit high on face value, the Kraken platform allows users with high enough trading volume to pay no fees at all, which can significantly boost profits over time.

Kraken’s exchange gears itself toward popular coins like Bitcoin, Litecoin, Dogecoin, BNB, and Ethereum blockchain rather than lesser-known altcoins, only offering sixteen different digital currencies for trading on its platform. However, Kraken does accept five different fiat currencies, so the system is accessible to users from various countries.

Kraken is motivated to keep customers happy and provides a 24/7 service chat to ensure users can take advantage of the platform’s features at any time. Additionally, security on the platform is impressive, with 95% of data safely stored away in cold storage.

Kraken also offers derivative and margin trading, valuable tools for experienced traders. If you’re a professional active trader or are interested in taking your trading operation to the next level, Kraken is an excellent choice.

Read our complete Kraken exchange review!

Exchange at a glance
Kraken details

Country:
Global

Currency:
CAD, USD, GBP & EUR

Fees:
0.9% to 1.5% fee

Available Cryptocurrencies:
144+ Cryptocurrencies

4.2/5
Visit Kraken

#10 Kucoin Exchange

A solid budget option, Kucoin keeps up with the best platforms on this list in terms of pricing but not in terms of features and support. Trading fees remain stable at 0.1%, so users interested in trying out crypto trading without paying too much for expenses should consider checking out the platform. However, it’s essential to factor in the fact that costs on Kucoin vary across different trading pairs, so be sure to determine what fees will apply to each trade before finalizing your transaction.

The variety on offer is solid, with Kucoin supporting all of the most popular coins and a sizable list of altcoins available as well. The platform is motivated to save its users money and claims to return 90% of revenue generated to its users through rewards and savings. While Kucoin launched the platform relatively recently, its developers spent seven years ironing out most of the issues with their software and service.

One area where Kucoin seems to have struggled is customer support service. Some users have felt that the service process was too slow or did not help them solve their issues, so keep this in mind when considering making Kucoin your primary trading platform. However, Kucoin has made an effort to reduce these service times and improve quality, so users should not rule them out entirely.

Read our complete Kucoin exchange review!

Exchange at a glance
KuCoin details

Country:
Global

Currency:
USD, AUD, GBP, and EUR

Fees:
0.1% for both maker and taker

Available Cryptocurrencies:
500+

4.3/5
Visit KuCoin

#11 Coinbase Exchange

Coinbase

Coinbase is the most well-known crypto exchange in America. It was established in 2012, and it is fully licensed and regulated to operate in the United States in more than 40 US states and territories.

It is the one that lowers the barriers to entry to crypeto in the United States. It’s easy to use and provides insured custodial services. It supports many different cryptocurrencies and stablecoins. The Coinbase Pro version lets users use indicators and charting to trade Bitcoin and other crypto at a lower price. Moreover, people can easily find and exchange their trades over multiple crypto options because of the high liquidity.

Read our complete Coinbase exchange review!

Exchange at a glance
Coinbase details

Country:
100+ countries

Currency:
CAD, USD, GBP, EUR

Fees:
Varies

Available Cryptocurrencies:
160+ Cryptocurrencies

4.3/5
Visit Coinbase

Frequently Asked Questions:

Is it safe to store my cryptocurrency on an exchange?

The answer to this question depends on the specific exchange you use and that platform’s security options. While crypto exchanges have built up a negative reputation due to falling victim to hacks and data breaches, security systems have evolved dramatically in recent years.

If you want the absolute highest confidence level that your data and assets will remain secure, you should look into a cold-storage crypto wallet. This type of storage means that your data will be stored entirely off-line, rendering it impossible for hackers to access, even if they have already gained control of the system.

Fortunately, several of the options on this list offer cold storage wallets as part of their platform, eliminating the need for users to own a separate wallet. Select one of these options if you plan to keep your assets on the exchange you choose but don’t want to sacrifice security.

How do I avoid crypto transaction fees?

While crypto fees are typically only a tiny percent of the overall trade, even minimal costs can add up over time. If you’re interested in maximizing the money you make with crypto, it’s crucial to monitor your spending on fees and costs.

While it is possible for specific crypto traders to avoid fees entirely, the process requires either extremely high trading volume or the exploitation of loopholes. For most traders, the best approach is to minimize the impact of these fees by choosing a platform with a fee structure that works in your favor.

When choosing a platform, factor in both the amount and type of trading you engage in, as fees will often differ based on volume and your role in the trade as maker or taker. Some platforms strive to incentivize one of these roles more heavily, so choose an appropriate platform if you consistently play one of these roles more than the other.

Another way to avoid fees is by choosing a platform that does not charge deposit or withdrawal fees. These fees make it more difficult to add or withdraw money from your account and are typically an unnecessary cost for users as many platforms avoid these fees entirely.

Should I report crypto earnings on my taxes?

If you’re from the United States, the answer is yes. Under US law, not only is cryptocurrency considered reportable income, but the government will also specifically ask if you have bought or sold crypto when you are filing your taxes. Currently, any income you generate from crypto trading falls under taxable income by law, so be sure to report your earnings honestly.

Interest income generated on crypto-assets is also taxable, so make sure you understand what you’re responsible for before filing your tax return. If you’re in the United States, the tax laws impacting your crypto trading make it even more essential to use one of the best cryptocurrency exchanges with low fees.

Final Thoughts

The cryptocurrency market has grown dramatically in recent years, with an increasing number of people interested in getting involved every day. An essential way of maximizing your profits is by considering the money you spend on fees with each trade. Whether you’re new to buying and selling crypto or a seasoned veteran, it’s crucial to know how to find the best crypto exchanges with low fees.

Choosing an intuitive and responsive trading platform is integral to optimizing your trading strategy. It’s crucial to have easy access to reliable information, so every platform on this list will offer useful analytical tools you can use in your trades. The design and layout of the platform are also crucial, as these factors can impact the time it takes to complete transactions, as well as how long it takes you to master the platform initially.

With your assets and personal data on the line when you choose a crypto trading platform, security is also crucial. When searching for the best crypto platforms with low fees, it’s crucial to factor the platform’s security into your decision, as a hack or data breach can cost you money and time.

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