Top 10 Low-Fee Cryptocurrency Exchanges: Cheapest Crypto Exchanges in 2024 (2024)

Maker/taker fees are the most prevalent fee structure in Bitcoin trading. The trading platform takes a tiny portion of every deal you make on an exchange while buying or selling cryptocurrency. This aids in the growth and payment of operational expenses for exchanges with the lowest crypto trading fees.

Anyone who places a limit order and increases the trading pair’s liquidity is called a “maker.” A “Taker,” on the other hand, is someone who buys from the market at the current price. Usually, to do this, market orders are placed, which instantly “take” assets and liquidity off the market. Makers often pay significantly less in fees than takers.

Exchanges that deal in cryptocurrencies reward large-volume traders with reduced maker and taker fees based on the value you bring to the market. Both sides benefit from this; exchanges generate money from heavy trading activity, while market makers pay modest fees for offering deep liquidity and large volume.

Token holders of native utility are eligible for fee reductions from some exchanges. For instance, traders may trade cryptocurrencies on Binance at a discount if they own a certain quantity of BNB. A cheap crypto exchange will help you trade without extra costs.

Binance is one of the main cryptocurrency exchange platforms (runs its activities and operations) which allows users to do digital asset trading, buying, and selling. Launched in 2017 by Zhao Changpeng, it shot to fame instantly because of its easy-to-use interface, a lot of cryptocurrencies available for customer’s choice, and its low trading fees.

Binance also performs the functions of futures trading, staking, and lending all made available for the use of the amateur and experts in the forex business. This platform can boast of having an international presence, secure and convenient for the industry, as it allows for millions of transactions each day. Surely, it’s among the top platforms with the most significant contribution to crypto adoption. We have discussed more features of this exchange in our Binance Review.

• Binance has made the user familiar with straightforward fee selection procedures.
• Crypto deposits don't imply an additional charge, but there could be a commission, depending on your fiat deposit.
• For the routing, regular users' charge is 0.1% for VIP users billed by negotiation. Besides, paying in this way will save you 25% of the total payment.
• Fee information can be found on the Trading Fees page. As blockchain sways, senders will incur varying rates of withdrawal fees.
• Binance provides margin and futures trading, too, and both of these have specific fee structures.

Start Trading with Binance

Best Offers and Bonuses….

• Bitget offers no fees for cryptocurrency deposits. In Spot trading, both makers and takers pay a standard fee of 0.1%, reduced by 20% when using Bitget's native token BGB.
• Futures trading incurs a 0.02% fee for makers and 0.06% for takers. Withdrawal fees adjust automatically based on market conditions.
• Traders can find the latest fees on Bitget's Fee Schedule Page. Fees for futures trading depend on the trading pair and whether you're a maker or taker.
• Bitget's fee structure aims to provide competitive rates while accommodating various trading preferences.

Start Trading with Bitget

• BitMEX charges trading fees but on a special basis where it uses a standardized fee structure across all the derivatives products and also users who do have high-volume trading are offered discounted Taker Fees.
• The fees to be charged are calculated based on the rolling 30-day AVG of your trading volume and the amount of BMTX you hold + VIP membership participation.
• Merging the discounts is possible, but not less than XBT and USDT settled counterparts as these totals will work to help ensure maximum liquidity.
• For XBT margined contracts, the Fee taken by Takers is going to be a minimum of 0.0175% and the fee paid to Producers will be a minimum of -0.0125%.
• There is no fee for participating in USDT future trading except for those that are Taker Fee, which is 0.02%, and Maker Fee is -0.0150%.
• Internally, the structure of the fees will aim to provide both simplicity and fairness and at the same time stimulate trading activity and liquidity provision on the platform.

Start Trading with Bitmex

Bybit a crypto derivatives platform is well-known and specializes in perpetual contracts. It provides margin trading if you want to invest in such cryptos such as Bitcoin and Ethereum. Perpetual swaps provided by Bybit have both maker and taker fees for trades and also funding rates accumulated. The website’s interface or UI is so developed and user-friendly that appeals mostly to both rookies and professionals in the trade.

Bybit puts much emphasis on its security and reliability, deploying several security measures to safeguard the funds and data of its users. In contrast to others, by emphasizing futures and having an aggressive fee schedule they have grown significantly and become a favorite among the traders of this segment of the market. Do not miss our Bybit Review if you are keen to know more about this exchange.

• Bybit divulges a differentiated fee structure for non-VIP and VIP users that allows VIP users to access higher VIP levels based on their asset balance or 30-day trading volume.
• Users can take advantage of various discounts depending on their VIP status. By becoming a VIP member, users can enjoy more benefits and rewards.
• The trading rates of the spot, perpetual, and futures contracts and options are different USDC options.
• Speaking of VIP levels commission, the VIP 0 usually yields more fees for the first upgrade. The trading volume can be a reference point in the segmentation of traders. Based on the volume that they initially bring the traders that meet the criteria get the discounted fee rates as a perk of their VIP status.
• By contrast, transaction fees for crypto withdrawals can be rather high while they grow even bigger than those of similar products in the financial sector.
• While the aim is to bridge accessibility and cost-effectiveness, this will be done in a way that also ensures fair dealings for the customers, notwithstanding the competitive fee rates it has to offer.

Start Trading with Bybit

• The basic fee when you purchase, sell, and convert digital currencies with Coinbase is taken out. This calculated fee is given at the time you place your order.
• Coinbase charges 0.05%-0.60% taker and 0.0%-0.40% maker fee.
• Before making a payment, you have the opportunity to view the fees in the form of a preview on the trade preview screen.

Start Trading with Coinbase

Poloniex is an exchange of cryptocurrencies that allows trading for a great deal of digital assets between multiple parties. The platform allows spot trading at both maker and taker levels, thus enabling market makers to buy and sell different amounts of cryptocurrencies. Poloniex has additionally provided its users with margin trading and lending options where people borrow funds and trade in margin.

Poloniex will be a perfect choice for both beginners and skilled traders due to its easy-to-use interface and various cryptocurrency choices. The exchange orders about both safety and compliance, making a shield between the assets and the regulatory officials’ requests. In a nutshell, Poloniex indeed gives crypto-enthusiasts around the globe well-rounded trading capabilities.

• Poloniex offices the proportionate deposit and withdrawal fees according to the possession trading deals as well as market conditions.
• Although no specific figures are depicted, the exchange still pays utmost attention to keeping and preserving the most competitive and affordable fees possible which are lower than the fees provided by the majority of the competitors in the industry.
• Poloniex seeks to maintain a balance by opting for accessibility on the one hand and, on the other hand, vaccination always demands both thePoloniex seeks to maintain a balance by opting for accessibility on the one hand and, on the other hand, vaccination always demands both the execution and operation of extra costs. execution and operation of extra costs.
• The platform charges an average of 0.005% - 0.2% takers/makers fees.

Start Trading with Poloniex

• The Maker-Taker fee schedule is based on your 30-day trade volume for all pairs, recalculated daily at 00:00.
• The flat fee, which starts at 0.25% for trade volumes, ranges between $0 and $10,000. For trading volume between $5 billion and $500,000, fees range between 19% and 0.01%.
• This structure rewards the user with lower trading costs when the volume is higher and allows for an increase in the liquidity of the platform.

Start Trading with CEX.io

Kraken is a renowned forerunner exchange that has been serving the industry for over nine years (since 2011). This platform gives its users a broad variety of digital properties for trading, i.e. Bitcoin, Ether, Litecoin, etc. Trusted by traders globally for its excellent security mechanisms, it is astonishing that Kraken has never been hacked — a feature that guarantees users’ security while trading on the platform.

Kraken’s platform accommodates its customers with advanced trading options, providing margin trading, futures, etc. for professional traders. Besides, it is convenient to use the operations of crypto-currencies on Kraken due to its simple interface and qualified work of customer support, and therefore Kraken has proven to be in high demand among crypto fans. Read more about the Binance vs Kraken debate and compare their features.

• Fees are dependent on a trader's 30-day trading volume and range from 0.25% for the less amount to 0% if the total exceeds $10 million. Trades are awarded with discounts which can reduce the commissions for both big and small traders alike.
• The Kraken platform makes a point of offering a combination of fee schedules that can accommodate all levels of trading, from casual investors to high-volume traders, by giving them competitive prices that are attentive to these different needs.

Start Trading with Kraken

StormGain is a cryptocurrency trading platform specializing in leveraged trading and cloud mining services. Launched in 2019, StormGain caters to traders seeking higher potential returns through margin trading, enabling them to amplify their profits (or losses) by trading with borrowed funds. The platform also offers cloud mining services, allowing users to earn passive income by participating in cryptocurrency mining without the need for specialized hardware or technical expertise.

StormGain’s user-friendly interface and competitive trading fees make it an attractive option for both novice and experienced traders looking to capitalize on market opportunities. A comprehensive StormGain Review can provide you with detail information about different aspects of the exchange.

• StormGain in their turn charges a trader flat trading fee of 0.25% both for buyers and sellers, and this is more than average.
• Nevertheless, they offer a distinctive feature with a fee-paying policy that allows their customers to only pay when they are trading in profit, different from other exchanges.
• On the other hand, if you have profits, they may subtract 10% of the amount, but this is still a bit strange for traders since they already have enough difficulties.

Start Trading with Stromgain

• Outboard is just in case of overseas money transfers, with an internal $5 fee, but free for Platinum Club members.
• While deposits attract no charges, minimum restrictions differ by region: from $10 to $10,000 approximately. When depositing or withdrawing in different currencies, the currency conversion fee does not fade away as it’s calculated based on the PIPs (percentage in point).
• In other words, when sending 1000 EUR, the funds are deducted with a transfer fee which is dependent on what method paid for is selected.
• In particular, the eToro fee structure involves PIPs converted based on the currency, minimum deposit amounts that vary, and withdrawal fees to be fixed.

Start Trading with eToro

While all traders are searching for a crypto exchange with the lowest fees, there is no fixed amount for deposit or withdrawal fee. The cost differs from exchange to exchange and will change according to the coin you want to fund. Interestingly, the crypto trading fees will be changed even by the payment or withdrawal method you choose. For instance, StormGain, as a cheap crypto exchange, charges 4% through Koinal and 3.5% (or 10 USD, whichever is higher) for credit card deposits made through Simplex (you need to consider the Koinal side of the transaction). Depositing money from a cryptocurrency wallet into a trading account is fee-free.

On the other hand, most platforms are a no-fee crypto exchange for deposit and withdrawal transactions. For instance, Internal withdrawal transfers and deposits are fee-free with OKX; fees are only incurred for on-chain withdrawal transactions. OKX tries to offer the lowest crypto trading fees to traders with different budgets.

When trading leveraged tokens—instruments without a regular settlement date—you will pay leverage fees.

Additionally, this implies that margins and liquidation risks are unimportant. The following are a few cryptocurrency transaction costs related to leveraged tokens:

Subscription Fees: A fee for traders who buy leveraged tokens.

Redemption Fees: are assessed if you want to use a leveraged token for redemption.

Management Fees: Daily fees for overseeing investments with leverage.

The funding fee is essential for perpetual contracts in all platforms. You must either provide a funding fee to other traders or receive it if you trade perpetual agreements. The funding feeis typically computed every eight hours, meaning you have three daily opportunities to pay or receive the money.

Spread fees are a substitute for the maker-taker fee concept in specific exchanges. The spread fee is computed as the difference between a user’s price to acquire or sell a cryptocurrency and its current market value. Spread costs are typically far more incredible than maker-taker fees compared to crypto exchanges with the lowest fees. For example, on certain exchanges, the average spread feefor buying and selling cryptocurrencies can be as high as 0.5%. This is five times more than the fees assessed by a conventional maker-taker cryptocurrency exchange.

“Gas fee” is used for transactions on the Ethereum blockchain network. All transactions on Ethereum incur a gas fee. On other blockchain networks, it is referred to as a “transaction fee” or “miner fee.” Gas is needed for almost all Ethereum blockchain operations. A gas price is associated with transferring ETH to a different wallet since the Ethereum blockchain is used in the transaction.

When an investor can’t meet the margin requirements for a leveraged position, they will incur liquidation crypto trading fees. In this instance, the system imposes a liquidation fee and shuts down the open position. After all, traders must thoroughly investigate to find a no-fee crypto exchange to minimize trading costs.

In the cheapest crypto exchange list, we tried to pick the exchanges with the lowest fees and best services. The names on the list reflect this methodology, as they are among the most well-liked exchanges in the world.

Binance, OKX, StromGain, eToro, BitMex, Bybit, and Bitget are the exchanges we selected because you can sign up in a few clicks, enjoy the lowest crypto trading fees, and withdraw your profits quickly and easily.