10 Best Crypto Exchanges with Lowest Fees (2024)
Choosing a cryptocurrency exchange with low fees reduces your cost of purchase. There are different crypto operations that you can do on the crypto exchange platforms. These exchanges have different fees for each transaction. Therefore, you should look for an exchange with low fees to make the most of your investment in transacting cryptocurrency.
Top cryptocurrencies with the lowest fees are a must-see for anyone who wants to get into the crypto world. I went thoroughly through 30+ crypto exchanges and found insightful options by spending 80+ hours of research. Here is the handpicked list of crypto exchanges with the lowest fees, popular features, and website links. This article will help you make a trusted and well-informed decision. Read more…
Zengo is a self-custodial cryptocurrency wallet that prioritizes security and accessibility. Zengo uses MPC technology to enhance wallet security. The wallet has a multi-chain infrastructure, supporting popular cryptocurrencies like Bitcoin, Ethereum, Polygon, and over 120 other crypto assets.
Top Cheapest Crypto Exchanges
✔️ Securities Traded: Crypto.
✔️ Regulations: EU laws under GDPR
✔️ Demo Account: Yes
✔️ Min. Deposit: $0
✔️ Securities Traded: Cryptos
✔️ Regulations:
FCA, FINCEN & FCIS
✔️ Demo Account: No
✔️ Min. Deposit: $1
✔️ Securities Traded: Forex, Indices, Cryptos, Commodities, etc.
✔️ Regulations: Australian ASIC
✔️ Demo Account: Yes
✔️ Min. Deposit: $50
1) Zengo
The most secure all-in-one crypto wallet
I found Zengo to be a highly secure, non-custodial wallet with no hacking incidents. At Zengo, I could buy, sell, and swap over 120 crypto assets. It offers many payment methods, such as Apple Pay, Google Pay, credit cards (Visa and Mastercard), bank transfers (SEPA and Swift), and Maestro debit cards.
I particularly liked how Zengo offers fair trading fees for currency conversion, spreads, processing, and network commissions. You can create an account with this secure wallet to truly own your crypto without needing KYC.
Securities Traded: Crypto
Regulations: EU laws under GDPR
Demo Account: Yes
Min. Deposit: $0
Features:
- Crypto Trading: It helped me buy, sell, and swap cryptocurrencies effortlessly. Additionally, there are no KYC requirements needed to use the Zengo wallet.
- Security: Zengo offers comprehensive security with MPC wallet cryptography, 3FA authentication, and biometric encryption.
- Asset Support: I discovered that it supports over 120 crypto assets, including Bitcoin, Ethereum, and Dogecoin (DOGE).
- Account Connection: You can connect your account to DeFi Dapps and NFTs seamlessly on the Zengo crypto wallet app.
- Seed Phrase: I did not need a seed phrase to secure my Zengo exchange wallet, which made sure that it was recoverable easily.
- Crypto Gaming and Apps: You can use WalletConnect to play crypto games and discover other crypto trading apps.
- Customer Support: I received 24/7 live support provided by real agents, ensuring assistance whenever needed.
Pros
Cons
Trading Fees:
Zengo Essentials is available for free. Storing, receiving, and sending transactions are free. There’s a minimum transaction value of $50. The total purchase fee for bank transfers ranges between 1.99%-2.99%, encompassing the spread, processing fee, and gateway. Both deposit and withdrawal actions come without any fees.
Minimum Purchase Amount | Maker Fee | Taker Fee | Withdrawal Fees |
---|---|---|---|
$50 | 0.75% of the total transaction volume | 0.75% of the total transaction volume | No |
2) Uphold
Uphold: Trade and discover crypto!
In my experience, Uphold is a top-notch platform with over 10 million users across 184 countries. It is great for buying, trading, and holding more than 250 cryptocurrencies, traditional currencies, and precious metals. It also maintains transparency by updating real-time asset and liability data every 30 seconds. Additionally, Uphold’s 100% reserve model secures user funds.
Securities Traded: Cryptos
Regulations: FCA, FINCEN & FCIS
Demo Account: No
Min. Deposit: $1
Features:
- Broad Token Support: Uphold offers a wide range of tokens and the earliest token support for comprehensive trading options.
- Exchange Connectivity: As per my research, it is connected with 26 underlying exchanges, and it helps you find the best token prices.
- Global Spending: Users can spend assets anywhere worldwide with the Uphold Card, as it serves over 184 countries and supports 250+ currencies.
- Recurring Transactions: It helped me set up automatic recurring transactions to help me with dollar-cost averaging.
- Advanced Trading Features: I received advanced trading features like take profit and trailing stop loss to enhance my trading strategy.
- Easy Fund Transfers: You can send funds to any other Uphold account using just an email address. It allowed me to transfer funds quickly and effortlessly.
- Transparency: Its assets and liabilities are listed publicly and updated in real time.
- Security: This platform is 100% reserved, meaning user money is kept at Uphold.
- Trading: It offered me easy one-click trading between any assets.
- Apps: Uphold has native iOS and Android apps
Pros
Cons
Trading Fees:
Deposits via debit/credit card and Google and Apple Pay are subject to a 3.99% fee. Withdrawals are free with a 0% fee, with the exception of withdrawals to a debit card, where the fee is 1.75%. The minimum transaction value is set at $1 for all trades. There is a $0.99 fixed fee for trades under $500.
Daily Deposit Limit | Weekly Withdrawal Limit | Maker Fee | Taker Fee | Withdrawal Fees |
---|---|---|---|---|
$15,000 | $25,000 | 0.5% to 1.0% (spread) | 0.5% to 1.0% (spread) | 1.75% (minimum $1) |
Free Wallet
3) PrimeXBT
Best anonymous exchange with no KYC requirement
During my research, I found that PrimeXBT is a cryptocurrency exchange that helps you access multiple markets from a single account. It offers easy access to cryptocurrencies, stock indices, commodities, and Forex.
PrimeXBT is one of the best lowest fees crypto exchanges that offer over 100 cryptocurrencies for trading, and the platform ensures its users get a diverse range of options. Its reputation and efficiency are further evidenced by its expansive user base, with over 10 million individuals trusting the platform’s blockchain wallet for their digital assets. This widespread adoption underscores PrimeXBT’s significance in the global crypto landscape.
Features:
- Trading View Interface: PrimeXBT offers an advanced Trading View interface with comprehensive charting tools and analytical features. Thus catering to both novice and experienced traders.
- Adjustable Leverage: The platform provides leverage trading, allowing users to trade larger positions than their initial capital. PrimeXBT offers up to 100x leverage on cryptocurrencies.
- Automated Trading: Copy trading feature helped me automatically copy successful traders’ trading activity to get the same returns.
- Low Trading Fees: This crypto exchange charges low trading fees on margins, making it cost-effective for frequent traders.
- Fixed Deposit Interest: I was able to use the fixed deposit to get about 14% interest, and you can withdraw anytime. As per my experience, I received consistent returns with flexibility.
- Isolated/Cross-Margin: As a trader, I could choose between isolated and cross-margin trading. Isolated margin limits risk to individual positions, while cross margin uses the entire account balance to prevent liquidations.
- All-in-One Platform: PrimeXBT is a multi-asset platform enabling users to trade in a wide range of markets, including cryptocurrencies and forex, from a single account.
Pros
Cons
Trading Fees:
PrimeXBT, a prominent cryptocurrency trading platform, employs a fee structure tailored to its users. Futures & Options (F&O) trades come without any fees. While deposit fees are not applicable, withdrawals are subject to a fee of 0.0005 BTC. The platform also maintains a minimum transaction value of $1.
Minimum Deposit | Maker Fee | Taker Fee | Deposit Fee | Withdrawal Fee |
---|---|---|---|---|
From $1 | 0.01% | 0.02% | Free | Starting from $0.5 |
4) Kraken
Best exchange with high deposit and withdrawal limits
I explored Kraken, a specialized crypto trading exchange that helps with learning and trading bitcoin and other cryptocurrencies. As per my review, it supports over 200 cryptocurrencies, and you can buy as little as $10 worth of cryptocurrency. The platform guides first-time users and offers tutorials that are helpful as you start your cryptocurrency journey as a beginner.
I could track everything from the mobile application, and I like that its withdrawals and deposits are instant. Kraken maintains legal compliance and banking relationships to continue developing the platform. Additionally, its customer support is available around the clock.
Features:
- Cryptocurrency Offerings: Kraken supports an array of 200+ global cryptocurrencies, which caters to varied investor interests and offers me a diverse investment opportunity.
- Futures and Spot Trading: Users can access cryptocurrency Futures and spot trading for comprehensive trading options.
- High Security: The platform is highly secure, safeguarding users’ assets and personal information. It offers an advanced global security team, performs Proof of Reserves audits from time-to-time, is ISO/IEC 20071:2013 certified, and more.
- Blockchain Wallet Users: Kraken boasts a user base of 6 million blockchain wallet enthusiasts, which demonstrates its trustworthiness and user-friendliness.
- 24/7 Customer Support: Using this exchange platform, I received round-the-clock customer support, which made sure assistance was always available.
Pros
Cons
Trading Fees:
Kraken’s taker fees start at 0.40% for lower trading volumes and can decrease significantly for higher trading volumes, potentially reaching as low as 0.000% for the highest volume tiers. This structure incentivizes traders to increase their trading volume to benefit from lower fees. Deposits are free, while withdrawals are set at 0.00002 BTC.
Trading Volume | Taker Fee | Deposit Fee | Withdrawal Fee |
---|---|---|---|
Lower volumes | 0.40% | Free | 0.00002 BTC |
Higher volumes | As low as 0.000% | Free | 0.00002 BTC |
5) Coinbase
Best security and authority in the crypto market
I reviewed Coinbase and noticed that it is a secure platform for storing, transferring, selling, and buying digital assets. During my evaluation, I found that it supports sending and buying cryptocurrency from merchants, friends, and online wallets.
The tool also allows you to back up data for added security. Coinbase has a simple interface for merchant tools, exchange, and an online wallet.
Features:
- Ease of Use: Coinbase is easy to use, as it offers a user-friendly interface for all your crypto transactions. I could also easily check the insights, daily returns, and all-time returns.
- Convenient Conversion: I converted cryptocurrencies with one click, making transactions swift and hassle-free. On this platform, you can easily buy, sell, and manage crypto.
- Low Transaction Fees: Coinbase has a low transaction fee, which ensures that users can trade at a cost-effective rate.
- Application Development: It allowed me to develop applications on the platform, supporting innovation and customization.
- Wide Cryptocurrency Selection: I could access a selection of 96 cryptocurrencies, offering me diverse investment options.
Pros
Cons
Trading Fees:
Coinbase, a leading cryptocurrency exchange, has a tiered fee system. If you are in 50k to 100k tier, Maker Fees stand at 0.25%, and Taker Fees at 0.14%. Futures and options (F&O) trading is fee-free. As per my experience, deposits and ACH withdrawals carry no charge.
Minimum Purchase Amount | Maker Fee | Taker Fee | Withdrawal Fees |
---|---|---|---|
$50,000 – $100,000 | 0.25% | 0.14% | No fee |
Futures & Options (F&O) Trading | No fee | No fee | N/A |
Deposits & ACH Withdrawals | N/A | N/A | No fee |
6) Binance
Trustworthy exchange with a plethora of features
Binance is a top choice for low fees among cryptocurrency exchanges. While conducting my evaluation, I created an online crypto wallet on the platform. It helped me trade other cryptocurrencies and NFTs and I could also earn an interest as a user and miner.
Binance has its native token, BNB, and the token utilizes the Binance blockchain for utilities such as smart contracts. I found it suitable for both beginners and experienced crypto traders looking to exploit the analytics and trading options on the platform.
Features:
- Low Fees: During the research, I discovered that Binance has one of the lowest cryptocurrency fees in the market. Which makes it a cost-effective choice for everyone.
- BNB Payments: I could utilize BNB for payments on the exchange, which offers additional discounts. The best part is that Binance supports all regions when buying and selling BNB.
- Platform Versions: Users can use Binance Lite or Binance Pro, which allows flexibility based on experience level.
- Debit Card Purchases: I could buy crypto using my debit card, which is one of the easiest ways to start investing.
- Number of Global Cryptocurrencies: According to my research, Binance offers a diverse range of trading options, supporting over 600+ different cryptocurrencies.
- Blockchain Wallet Users: With 28.5 million blockchain wallet users, it provides a secure and user-friendly environment for individuals to store, manage, and transact with their digital assets.
Pros
Cons
Trading Fees:
Binance, a leading cryptocurrency exchange platform, has a structured fee system for its users. It charges a Maker and Taker Fee of 0.1% each. Futures & Options (F&O) trading attracts a 0.02% fee. Deposits are free, while withdrawals incur a 3.5% fee. Volume-based pricing is $0.0007007 per (VOL / USD), and the minimum transaction value is $10.
Trade Limits | Maker Fee | Taker Fee | Withdrawal Fees |
---|---|---|---|
Varies by trading pair | 0.10% | 0.10% | *Varies by cryptocurrency |
7) Pionex
Best for crypto trading for beginners and advanced users
I reviewed Pionex, one of the world’s first exchanges with 12 free trading bots. Users can automate their trading 24/7 without constantly checking the markets. It aggregates the liquidity from Binance and Huobi Global and is one of the biggest Binance brokers. As per my experience, it offers seamless automated trading.
Pionex is one of the best cryptocurrency trading platforms offering a suite of automated trading bots, including Grid Trading Bot, Arbitrage Bot, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, and DCA. I discovered that it integrates with major exchanges such as Binance, Huobi Global, and its own Pionex exchange. Mobile users can also access the platform via its iOS and Android apps.
Features:
- Trading Terminal: I enjoyed using the Smart Trade terminal since it allowed me to set up stop-losses, take profits, and trail in one trade.
- Low-Risk Income: Spot-Futures Arbitrage bot can help earn passive income with low risk, yielding 15~50% APR.
- Regulatory Compliance: Its .S. FinCEN’s MSB License was approved to ensure compliance with financial regulations. It allowed me to trust this platform more.
- Free Crypto Bots: During the research, I found out that Pionex provides 16 free crypto trading bots for retail investors.
- Grid Trading Tool: Its Grid Trading bot allowed me to buy low and sell high within a set price range.
- Minimum Transaction Value: Pionex ensures accessibility with a minimal transaction threshold of just $1.
- Cryptocurrency Offerings: It offer 15 global cryptocurrencies, which is a curated selection for its trading community.
- Leveraged Trading: The leveraged Grid Bot offers up to 5x leverage for trading.
Pros
Cons
Trading Fees:
The trading fee is 0.05% for both maker and taker, which is the lowest among major exchanges.
Maker Fee (Spot) | Taker Fee (Spot) | Withdrawal Fee |
---|---|---|
0.050% | 0.050% | Depends on the Cryptocurrencies |
8) Bybit
Best for crypto traders using Fiat
Bybit specializes in active online crypto trading. I analyzed the exchange and saw that it accepts short-selling through margin trading and futures markets. It also offers services like staking, loans, and trading NFTs. The exchange provides leveraged trading to accelerate returns. According to my research, crypto traders can access up to 100x leverage on Bitcoin and 50x on other currencies.
Features:
- Unified Account: I received a unified trading account where I got personalized trading experience and risk management. It is suitable for beginners, experienced traders, and professionals.
- Real-Time Data: You can get a variety of platform data shown in real-time. This makes sure that Bybit remains transparent to the users.
- Security: The platform is encrypted and secure, ensuring the safety of user transactions and data. According to my research, it has several safety measures, including real-time monitoring and strict authorization controls.
- Supported Coins: For derivatives, it supports Bitcoin, Ethereum, Ripple, and EOS, offering diverse options.
- Verification: As far as I know, no KYC verification is needed. You can just enter your phone number or email address, then verify your number or email address.
- Pricing System: The advanced mark and index pricing system provides the most reliable prices available for users.
- Mobile Apps: I could access the platform on both iOS and Android platforms.
- Support: It offers live chat and email support to assist users with inquiries.
Pros
Cons
Trading Fees:
Bybit trading fees are different from one market to another. It ranges from the Spot, Derivatives, and Options to Institutional Services fees. Bybit fees are adjusted based on a user’s profile from a VIP0 (regular user) to a PRO-5 level, whether a user uses a Unified Trading Account or otherwise.
Deposit Fee | Maker Fee | Taker Fee | Withdrawal Fees |
---|---|---|---|
No | 0.1000% | 0.1000% | Depends on the Cryptocurrencies |
*Note: Maker and Taker fees for Spot Trading Pairs
9) Crypto.com
Best for beginners with multiple features
I checked Crypto.com, a centralized exchange with a strong crypto coin portfolio. It is easy to use, has low fees, and CRO powers the platform, maintaining its liquidity. Users trading on the platform receive rewards from CRO. I noticed that you can buy cryptocurrency on this platform using debit cards like Visa or MasterCard.
Crypto.com lists over 100+ reputable cryptocurrencies. It maintains top security to protect users from hackers and scammers. The platform also ensures all cryptocurrencies are recovered in case of losses.
Features:
- Best for Advanced Traders: Crypto.com is perfect for advanced traders looking for comprehensive trading tools and options.
- Exclusive Cryptocurrency Listings: The exchange lists cryptocurrencies that are typically unavailable on other trading platforms, which offered me unique choices.
- Convenient Portfolio Diversification: It provides a great way to diversify your portfolio with a variety of crypto assets.
- Advanced Trading Features: I could access advanced trading features such as futures and NFTs, which enhanced my trading experience.
- Reward Chain Benefits: You gain rewards through Crypto.com’s reward chain, providing an added incentive for trading activities.
- Cryptocurrency Offerings: Catering to a wide audience, Crypto.com supports 100+ global cryptocurrencies, offering variety and versatility.
Pros
Cons
Trading Fees:
Crypto.com, a premier cryptocurrency trading platform, offers a competitive fee scheme. Both Maker and Taker have levied a 0.4% fee. Futures & Options (F&O) come at a 0.07% charge. Deposits are free of charge, and withdrawals attract a minimal fee of 0.0001 BTC. There’s no fee for volume-based pricing, and the minimum transaction threshold is $1.
Fee Type | Maker Fee | Taker Fee | Futures & Options (F&O) Fee | Deposit Fee | Withdrawal Fee | Volume-Based Pricing Fee | Minimum Transaction Threshold |
---|---|---|---|---|---|---|---|
Details | 0.4% | 0.4% | 0.07% | Free | 0.0001 BTC | Free | $1 |
10) OKX
All in one destination to trade crypto, equities, and other instruments
I found OKX to be an excellent exchange that provides advanced financial services by leveraging blockchain technology. The platform offers a wide range of tokens, which helped me optimize my crypto derivative strategies effectively.
OKX offers competitive trading with a standard taker fee of 0.075% and a maker fee of 0.025%. Traders can leverage their positions up to 100x, and the platform exclusively supports crypto withdrawals and token trading deposits.
Features:
- Safe Trading Environment: OKX provided me with a safe, reliable, and stable environment for digital asset trading via the web interface.
- Transaction Efficiency: It increases transaction efficiency across society by streamlining processes, making it one of the best exchange platforms.
- Fast Support Resolution: The support team provides fast resolution to queries, ensuring quick assistance and customer satisfaction.
- Instant Crypto Trading: I benefitted from using OKX as it allowed me to trade cryptos instantly and at a low price.
- Community Engagement: You can join conversations in OKX worldwide communities, allowing you to connect with other traders.
- Supported Coins for Derivatives: I found out that OKX supports Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) for derivatives trading.
- Verification: I did not have to provide verification to trade on OKX, which is great for quick account setup.
- Support: OKX provides live chat, ticket, and email support to assist with any issues or questions.
Pros
Cons
Trading Fees:
OKX categorizes users into regular and VIP levels based on trading volume and asset holdings. Regular users are charged between 0.060% and 0.080% for makers and 0.060% to 0.100% for takers. VIP users receive lower rates, with fees ranging from 0% to 0.045% for makers and 0.015% to 0.050% for takers.
Category | Maker Fee | Taker Fee |
---|---|---|
Regular Users | 0.060% to 0.080% | 0.060% to 0.100% |
VIP Users | 0% to 0.045% | 0.015% to 0.050% |
Link: https://www.okx.com/
What are the different types of crypto exchanges?
Crypto exchanges are like third parties in which clients buy and sell crypto. It is different from having a cold wallet that the user manages. In this case, the user maintains an online wallet on the crypto exchanges.
Different types of Crypto exchanges are:
- Centralized exchanges: A Centralized exchange is a company that makes it easier for users to purchase cryptocurrencies by providing various tools. It is different from a cold wallet, where a user can only store their cryptocurrency but does not have the flexibility to trade assets. They are like brokerage services. Binance is the most popular crypto exchange.
- Decentralized exchanges: A decentralized exchange means that the user has more control. There is no central company that controls cryptocurrencies. Users can access decentralized applications and smart contracts. An example is Binance DEX.
- Hybrid cryptocurrency exchanges: Hybrid exchanges combine decentralized exchanges and centralized platforms. The combination is helpful to speed up transactions and improve security. Examples are the Qurrex Exchange and Nash Exchange.
Overview of the Crypto Trading Pairs
Crypto trading pairs are exchangeable assets in the market. For example, BTC/LTC represents bitcoin and Litecoin. It means that the two are compatible in trading.
Here’s an overview of the different types of crypto trading pairs.
- Multi-fiat, multi-crypto: This crypto trading pair combines several fiat currencies with two or more cryptocurrencies for exchange. The most popular combination is two fiat currencies and two cryptocurrencies.
- Single-fiat, multi-crypto: Users can trade a traditional currency for a combination of cryptocurrencies. For example, you can exchange Bitcoin and USDT for the Euro. This is the most common crypto trading pair.
- Multi-fiat, single-crypto: It allows users to combine more than one traditional currency and trade for a single cryptocurrency. An example is a USD/Sterling pound combination for a Bitcoin.
- Single fiat, single-crypto: It is a direct exchange of a traditional currency for a cryptocurrency. An example is USD for Bitcoin.
- Crypto-to-crypto: It entails exchanging cryptocurrencies. For example, a user can convert Dogecoin for Bitcoin CASH.
Cryptocurrency Trading fees
The following section describes the cryptocurrency trading fees.
- Maker Fees: A maker transaction fee occurs when a market user adds a pending order to the market in a maker-taker framework.
- Taker Fee: A taker fee occurs when a market participant purchases the orders made by a maker in a maker-taker framework.
- F&O fee: F&O fee results from trading options and futures.
- Deposit fee: Transferring fiat currency to a crypto exchange platform costs a deposit fee.
- Withdrawal Fee: It occurs from liquidating an asset into regular currency, for example, through a Visa payment.
- Volume-based Pricing: Volume-based pricing is a structure made up of crypto exchanges that charge according to how much a user transacts.
How to choose the best crypto exchange with lowest fees?
Choosing the right crypto exchange can save you money. Fees can vary significantly, so it’s essential to know what to look for. Here are some tips to help you find the best exchange with the lowest fees.
- Research Fees: Pay attention to trading, deposit, and withdrawal fees. In fact, some exchanges have hidden charges.
- Compare Rates: It is a good idea to compare the fee structures of different exchanges. This may help you find the most cost-effective option.
- Check for Discounts: Some exchanges offer reduced fees for high-volume traders. It might be helpful to aim for these discounts if you trade frequently.
- Look for Promotions: Many exchanges provide fee discounts or bonuses. Consider these promotions, as they can lower your overall costs.
- Consider Security: According to many experts, it is important to choose a secure exchange. Avoiding fraud and loss is essential.
How to purchase crypto on a crypto exchange platform?
Purchasing cryptocurrency is straightforward. I suggest you follow the steps given below:
Step 1) Register
First, you need to register to your preferred platform to create your crypto exchange account. We’ll use Binance for this illustration.
Note: After registering your account, you’ll get a prompt to verify your ID and personal details. It is a formal process that you can’t avoid. Use Apple login for faster registration.
Step 2) Log in to your Binance Account
After completing registration, log in with your credentials. You’ll be prompted to confirm your phone number or email address for two-factor authentication.
Step 3) Select Buy Crypto
You’ll see a call to action on your dashboard saying, ‘Buy Crypto.’ Select the credit/debit card option, and you’ll be redirected to the purchase page.
The other options you can include are third-party payment, cash balance, recurring buy, P2P trading, and Credit/Debit.
Step 4) Choose Cryptocurrency and Fiat Currency
You must select the regular currency and the cryptocurrency you want to buy on the purchase page.
For example, here, we have selected the USD.
The next selection is the cryptocurrency you want to buy. You can choose one, such as Bitcoin or Shiba. The variety of cryptocurrencies depends on the platform you use.
Step 5) Add an amount.
Add the amount worth of cryptocurrency you want to purchase. Different platforms have minimum deposit funds.
Step 6) Add payment method
Add your preferred mode of payment. In this instance, Binance offers Visa or MasterCard. Your cryptocurrency exchange platform might have other payment methods, such as PayPal.
Step 7) Confirm the purchase
Click continue to confirm your purchase, and the cryptocurrency will be delivered to your wallet.
You can now start trading crypto. Now you know how easy it is to purchase a crypto.
Why are crypto fees so high?
Cryptocurrency transaction fees depend on various factors, which include transaction size, confirmation rate, and network congestion. High network congestion will reduce the transaction confirmation rate.
This leads to high fees because there will be low liquidity. It is common as some exchange platforms may suspend crypto transactions due to low liquidity. They can also increase the exchange fees to reduce trading activity. Large transactions might get higher discounts than smaller transactions. To find suitable platforms with better conditions, you can explore these best no-KYC crypto exchanges.
Verdict
When I consider the ideal cryptocurrency exchange, I prioritize low fees to maximize investment returns. I found all the above platforms reliable for crypto exchange; however, I would recommend Uphold, Zengo, and Coinbase for the reasons as follows:
- Zengo provides an excellent non-custodial wallet with robust security features, ensuring a secure and reliable trading experience.
- Uphold offers a comprehensive, user-friendly platform with impressive features like a 100% reserve model, making it a superior choice for beginners and experienced traders.
- Coinbase remains a top-rated option due to its extensive asset support, phenomenal daily trading volume, and robust security measures.
BEST Crypto Exchange with Lowest Fees
✔️ Securities Traded: Crypto.
✔️ Regulations: EU laws under GDPR
✔️ Demo Account: Yes
✔️ Min. Deposit: $0
✔️ Securities Traded: Cryptos
✔️ Regulations:
FCA, FINCEN & FCIS
✔️ Demo Account: No
✔️ Min. Deposit: $1
✔️ Securities Traded: Forex, Indices, Cryptos, Commodities, etc.
✔️ Regulations: Australian ASIC
✔️ Demo Account: Yes
✔️ Min. Deposit: $50