Cryptocurrency Exchanges are the platform where trade in cryptocurrencies is facilitated. These platforms support different trading pairs, allowing users to trade one cryptocurrency for another or for fiat currency.
A key component to keeping costs down while trading and buying cryptocurrencies is to find a top crypto exchange with the lowest fees. There are different cryptocurrency exchanges with different fees for each transaction. So here is the list of the top 10 cryptocurrency exchanges with the lowest fees.
List of Top 10 Cryptocurrency Exchanges with lowest fees
- Binance
Binance is the world’s largest crypto exchange by trading volume, where users can buy, sell and store their digital assets as well as access over 350 cryptocurrencies listed and thousands of trading pairs.
- It provides two-factor authentication.
- Diverse payment methods.
- Coinbase
Coinbase exchange is a US-based crypto trading platform where users can easily buy, sell, exchange and store cryptocurrencies and over 150 crypto assets can be traded on this platform.
- Coinbase platform is beginner friendly.
- It is easy to use and offers insured custodial services.
- Kraken
Kraken is a US-based crypto exchange, where users can buy, sell and trade various assets with relatively low commissions. More than 120 coins are supported on the platform.It is one of the top 10 largest crypto exchanges by daily market transactional volumes.
- It is considered very secure to trade on.
- It offers low-fee transactions.
- KuCoin
KuCoin is a crypto exchange platform that facilitates the global free flow of digital value. It is also known as people’s exchange. The platform facilitated 1.2 trillion in lifetime trading volume and supports over 20 million users worldwide. It offers nearly 700 cryptocurrencies for buying, selling and trading.
- It offers a simple registration process.
- Highly secured.
- Bybit
Bybit is a centralized exchange that supports crypto traders of all levels. Currently, it serves more than 10 million users. It has over 100 crypto tokens and over 300 spot trading pairs.
- It gives real-time market data.
- It is built on customer-centric values.
- OKX
OKX is a Seychelles-based cryptocurrency centralized exchange. The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs.
- Live trading charts, trade analytics tools and advanced trading orders for advanced and speculative crypto traders.
- Crypto token listing.
- Bitstamp
Bitstamp is one of the longest-standing and most regulated centralized crypto exchanges, serving more than 4 million users. It currently supports up to 80 crypto assets for trading, sending, receiving and holding.
- 95% of assets are stored offline.
- Do not charge trading fees on the first $1000 in trading volume over a 30-day rolling period.
- Bitfinex
Bitfinex is one of the oldest cryptocurrency exchanges operated by the Hong Kong-based company iFinex Inc. It supports 270+ cryptocurrencies and a wide range of trading pairs.
- The platform offers two-factor authentication.
- Offers IP address monitoring.
- Huobi
Huobi Global is an international digital asset exchange. The platform works with global clients and provides trading and investment services to users around the world. More than 400 digital currencies and tokens are available on the exchange.
- An insurance policy is available for the users to protect their assets.
- There is 24/7 access to several channels for contacting the support service.
10. Gate.io
Gate.io is a centralized cryptocurrency exchange. The platform supports over 1400 cryptocurrencies with over 2500 trading pairs. The exchange is not highly regulated so it does not offer the option to withdraw fiat.
- offers a user-friendly platform.
- 24/7 customer support.
Comparison Table of Crypto Exchanges and their Fee Structure
| Crypto Exchanges | Maker Fee | Taker Fee |
| Binance | 0.10% | 0.10% |
| Coinbase | 0.00% to 0.40% | 0.05% to 0.60% |
| Kraken | 0.00% to 0.16% | 0.10% to 0.26% |
| KuCoin | 0.10% to 0.30 % | 0.10% to 0.30 % |
| Bybit | 0.02% | 0.02% |
| OKX | Depends on no. of OKB (native currency) | Depends on no. of OKB (native currency) |
| Bitstamp | 0.3% to 0.4% and decrease as trading volume increases | 0.3% to 0.4% and decrease as trading volume increases |
| Bitfinex | 0.10% | 0.20% |
| Huobi | 0.2% and reduce after the first $5 million of trading | 0.2% and reduce after the first $5 million of trading |
| Gate.io | Depending on the user’s 30-day trading volume | Depending on the user’s 30-day trading volume |
Conclusion
When searching for the best cryptocurrency exchange with the lowest fees it is important to look at all the factors. The best crypto exchanges are those that offer security, are user-friendly and with low fee transactions. However, traders should keep in mind that not only trading fees should be the criteria while selecting an exchange platform but also factors like security, trading volume, reliability and reputation of the platform should also be considered before trading.
Related: 10 Lesser Known Cryptocurrency with High Potential
Frequently Asked Questions (FAQs)
How to find a low-fee cryptocurrency exchange?
To find a low-fee cryptocurrency exchange you have to compare fee structure, trading volume, check deposit and withdrawal fees.
Why Bitcoin transaction fees are so high?
As people continue to mind and trade ordinals on the Bitcoin blockchain, the network load remains higher than usual that’s why its transaction fees are so high.
How do cryptocurrency exchanges work?
Cryptocurrency exchanges act as intermediaries between buyers and sellers. Users can deposit money into exchanges to buy cryptocurrencies or deposit their own crypto to trade for other currencies.
What to look for when choosing a cryptocurrency exchange?
When it comes to choosing a cryptocurrency exchange various factors must be considered which are supported currencies, security measures, liquidity, ease of use and geographic availability.