Cryptocurrency trading is becoming increasingly popular, and with it, the need to find the most affordable and reliable exchanges. FTX, Binance, Kraken, Pionex, eToro, Bybit, KuCoin and FTX are some of the most popular cryptocurrency exchanges out there, each offering its own unique features and benefits. But which one has the lowest fees?FTX is a great choice for cryptocurrency trading, with a decent selection of digital assets on offer and features for advanced traders. It has a creator fee of 0.16% and a taker fee of 0.26%, making it one of the most affordable exchanges out there.
Binance is another great option for those looking for low transaction fees. It offers users the ability to create an online crypto wallet on the platform as well as trade other cryptocurrencies and NFTs. It also allows users and miners to earn interest, making it one of the best exchanges in terms of user engagement. Binance charges a creator fee of 0.05% and a taker fee of 0.05%, making it one of the cheapest options out there. Kraken is ranked fourth in trading volume globally and started as a US Bitcoin and Litecoin exchange.
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%.Pionex is another great option for those looking for low maker and taker rates. Currently, both 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.eToro doesn't charge any maker or taker fees but does charge a spread fee of 0.75%. In addition, eToro doesn't charge any deposit or withdrawal fees. Bybit's general fees are fantastic with no creator fee and a taker fee of only 0.075%. In addition, withdrawals and deposits are free at Bybit. KuCoin currently charges a creator fee and taker fee of 0.1%. 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. FTX charges a creator fee of only 0.02% and their taker fees are also very low, currently standing at only 0.07%. The platform also doesn't charge for withdrawals or deposits. 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 as 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. 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 the above platforms to keep those nasty charges at bay.