Which Crypto Exchange Has the Lowest Fees?

Find out which crypto exchanges offer the lowest fees for buying & selling! Binance tops our list with more than 380 fiat & crypto pairs & low commissions! Kraken offers great maker & taker rates while Pionex has both maker & taker rates at 0.05%. Bybit has no crea

Which Crypto Exchange Has the Lowest Fees?

If you're looking to buy or sell any cryptocurrency, exchanges are invaluable platforms that provide key statistics on crypto, trading pairs, storage options, and much more. But using an exchange can be expensive, so finding the most affordable and reputable options is crucial. So, which cryptocurrency exchanges offer the lowest fees for buying and selling? Ranked fourth in trading volume globally, Kraken started as a US Bitcoin and Litecoin exchange (as well as a platform for trading euros). Nowadays, it supports a huge list of different cryptocurrencies, from Ethereum to Aave.

There are many trading pairs, staking currencies and funding options available on Kraken, and its buying and selling fees make it a top choice exchange. At the moment, Kraken only charges a creator fee of 0.16% and a taker fee of 0.26%. Taker fees are usually higher than maker fees, given that a taker will remove liquidity from an exchange, which is the opposite of what the exchange wants to make a profit. However, this taker fee is still reasonable compared to other exchange platforms.

Sitting comfortably as the world's most popular exchange, Binance is a favorite of thousands of cryptocurrency buyers and sellers, and for good reason. Not only is Binance available in more than 180 countries around the world, but its commissions are more than friendly. Currently, both maker and taker fees are only 0.05%, considerably lower than many other popular cryptocurrency exchanges out there. In addition to this, Pionex does not charge for deposits, although there is a fixed fee for withdrawals that varies by currency.

Well, Bybit's general fees are fantastic. With no creator fee and a taker fee of only 0.075%, Bybit makes sure to avoid all kinds of nasty charges, regardless of whether you're buying or selling crypto. In addition, withdrawals and deposits are free at Bybit. Therefore, if you are looking for a cryptocurrency exchange with very low fees across the board, Bybit is the one for you.

Currently, the creator and taker fees of KuCoin are the same, standing at a pleasant 0.1% respectively. In addition to this, KuCoin does not charge for deposits of any kind, but does charge for withdrawals. The fee you will incur for withdrawing funds varies depending on the type of cryptocurrency you are moving. For example, withdrawing Bitcoin will cost you 0.0005 BTC, while withdrawing Polkadot will cost you 0.1 DOT.

It's best to check the KuCoin fees beforehand to know what kind of charges you will incur. FTX, formerly known as Blockfolio, is one of the largest cryptocurrency exchanges in the world, ranking just behind Coinbase in the global ranking. FTX is an incredible exchange for numerous reasons, including its 300 supported coins, the NFT market and the advanced trading feature. And along with these great features come wonderfully low rates.

FTX charges a creator fee of only 0.02%, which is considerably lower than that offered by many other exchanges. In addition to this their taker fees are also very low currently standing at only 0.07%. The platform also doesn't charge for withdrawals or deposits so generally speaking using FTX ensures that your commissions stay low regardless of your individual trading volume. Although BlockFi isn't as big as some of the other platforms listed here that doesn't make it an unreliable option for cryptocurrency trading. BlockFi offers a range of great products to users including interest accounts loan options and your own credit card.

And when it comes to fees BlockFi outperforms many other platforms because it doesn't charge any kind of maker taker or spread commission You can also deposit any amount you want into your BlockFi wallet without having to pay a commission. In addition you can make one free withdrawal per month on the platform with different fees for any additional withdrawal which depends on the type of cryptocurrency you are moving. When buying selling transferring or taking any other type of action on cryptocurrency exchanges unexpected fees can sometimes make the whole process exhausting and frustrating So if you want to keep your fees to a minimum when using a cryptocurrency exchange try one of these platforms: Kraken Binance Pionex Bybit KuCoin FTX BlockFi Coinbase. Binance tops our list of crypto exchanges with the lowest fees supporting more than 380 fiat and cryptocurrency pairs while Kraken offers great maker and taker rates at 0.16% and 0.26% respectively Pionex has both maker and taker rates at 0.05% while Bybit has no creator fee and a taker fee of only 0.075%. KuCoin has both creator and taker fees at 0.1% while FTX has a creator fee of only 0.02% and their taker fees at 0.07%. Finally BlockFi doesn't charge any kind of maker taker or spread commission while Coinbase has low trading fees at around 0.5%.