5+ BEST Crypto Exchange with Lowest Fees (May 2022 List)
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.
Many Cryptocurrency exchanges with the lowest fees are available, and choosing one is tricky. Following is a handpicked list of Top cryptocurrencies with the lowest fees, popular features, and website links.
BEST Crypto Exchange Fee Comparison
| Name | Purchase Fee | Maker | Taker Fee | Deposit | Withdrawal Fees | Link |
|---|---|---|---|---|---|---|
| FTX | 0% | 0.02% | 0.07% | 0% | 0% | Learn More |
| Coinbase | 0% | 0.4% | 0.6% | 0% | 0% | Learn More |
| Binance | 0% | 0.1% | 0.1% | 0% | 3.5% | Learn More |
| Coinmama | 0% | 3.9% | 3.9% | 2.93% | 3.9% | Learn More |
| Crypto.com | 0.0% | 0.4% | 0.4% | 0.0% | 0.0001 BTC | Learn More |
1) FTX
Best for Low-cost transaction fees among cryptocurrency exchanges.
FTX is a trader-based crypto-exchange platform with the most affordable crypto exchange fees. The platform provides services such as leveraged tokens, volatility products, options, and industry-first derivatives.
FTX has control over its liquidation and target leverage. It is available in almost any country. If you are a beginner, you will get exceptional service as you start your crypto journey ad learn the trading process.
Features:
- FTX provides margin, derivative, and NFTs trading.
- Individuals with higher earnings can access over-the-counter trading.
- FTX is competitive in its cryptocurrency coin portfolio.
- It has excellent platform navigability.
- Users can maintain a cold or hot crypto wallet.
- It implements two-factor authentication for more security.
Key Statistics:
- Maker Fees – 0.02%
- Taker Fees – 0.07%
- F&O – 0%
- Deposit Fee – 0%
- Withdrawal Fees – 0%
- Volume-based Pricing – 0%
- Minimum transaction value – 0.0001 BTC
- Market capitalization – $5,613,778,251.80
- Market share – 1.69%
- Average crypto daily trading volume – $ 3.02 billion
- Number of global cryptocurrencies – 455
- Blockchain wallet users – 11.4 million
Pros
- FTX is the crypto exchange with the lowest fees.
- You have access to options trading.
- FTX has high liquidity.
- You can use your credit card to purchase cryptocurrency.
- Users can increase their trading limits without KYC (Know Your Customer) restrictions.
Cons
- FTX has shallow trading options.
- FTX contains extra risky investments such as leveraged tokens.
2) Coinbase
Best for Security and authority in the crypto market.
Coinbase is a highly secure cryptocurrency exchange for storing, transferring, selling, and buying cryptocurrency. The exchange provides a framework for sending or buying cryptocurrency from merchants, friends, and other online wallets. This crypto exchange site backs up all the data for extra security.
Coinbase has a simple interface for merchant tools, exchange, and an online wallet.
Features:
- Coinbase is easy to use.
- Users can convert cryptocurrencies with one click.
- Coinbase has a low transaction fee.
- It allows users to develop applications on the platform.
- You can choose between 96 cryptocurrencies.
Key Statistics:
- Maker Fees – 0.4%
- Taker Fees – 0.6%
- F&O – 0%
- Deposit Fee – 0%
- Withdrawal Fees – 0%(ACH)
- Volume-based Pricing – $0.000701 per (VOL/USD)
- Minimum transaction value – $2
- Market capitalization – $34.23B
- Market share – 53%
- Average crypto daily transactions – $2.15B
- Number of global cryptocurrencies – 100
- Blockchain wallet users – 56 million
Pros
- Users enjoy free deposit fees.
- Coinbase has an extensive crypto assets collection.
- Users have a chance to earn more cryptocurrency apart from their portfolio.
- Coinbase Pro is less costly.
Cons
- Coinbase has complicated fees structures.
3) Binance
Best for Implementing strategies with analytics to take advantage of advanced trading options.
Binance is an exchange with one of the cheapest transaction fees among all cryptocurrency exchange platforms. It allows you to create an online crypto wallet on the platform as a user. You can then trade other cryptocurrencies and NFTs. It also allows users and miners to earn interest. It makes the platform one of the best because of user involvement.
Binance has its native token, BNB. The token utilizes the Binance blockchain for utilities such as smart contracts. It is suitable for beginners and experienced crypto traders looking to exploit the analytics and trading options on the platform.
Features:
- Binance has one of the lowest cryptocurrency fees in the market.
- Users can utilize BNB for payments on the exchange.
- It guides beginner crypto traders around the platform.
- Users can use Binance Lite or Binance Pro.
- You can buy crypto using your debit card.
- Binance lists over 500 cryptocurrencies.
Key Statistics:
- Maker Fee – 0.1%
- Taker Fee – 0.1%
- F&O -0.02%
- Deposit Fee – 0%
- Withdrawal Fees – 3.5%
- Volume-based Pricing – $ 0.0007007 per (VOL / USD)
- Minimum transaction value – $10
- Market capitalization – $17 billion
- Market share – 17.55%
- Average crypto daily trading volume – $76 billion
- Number of global cryptocurrencies – Over 600+
- Blockchain wallet users – 28.5 million
Pros
- Binance has peer-to-peer (P2P) trading.
- Binance has the most crypto coins of all cryptocurrency exchange platforms.
- Binance is an easy-to-use platform.
- You can trade crypto instantly with your debit card.
Cons
- Seven U.S states do not have Binance.
- Binance lacks transparency within its organizational structure.
4) Coinmama
Best for Specialists in Bitcoin trading.
Coinmama is a centralized crypto exchange with vast payment options, like bank transfers, debit cards, and credit cards. Its customer service is what every user desires.
Coinmama has leaders from different financial markets. They maintain a customer-centric platform. It provides detailed information on bitcoin, such as its limitations and features. You can buy cryptocurrency on the platform using a bank transfer, debit card, or credit card.
It supports payment platforms like Apple Pay, FasterPayments, Fedwire, SEPA, and SWIFT. Wire transfer is slow. The exchange ranks as one of the best bitcoin exchanges.
Features:
- Coinmama is one of the best crypto exchanges.
- The platform focuses on Bitcoin and nine other cryptocurrencies.
- Transaction fees are within the market rates.
- Its platform is easy to use with a wide variety of payment options.
- Coinmama does not charge for withdrawals and deposits.
Key Statistics:
- Maker Fee – 3.9%
- Taker Fees – 3.9%
- F&O -2.93%
- Deposit Fee – 2.93%
- Withdrawal Fees – 3.9%
- Volume-based Pricing – +2%
- Minimum transaction value – $30
- Market capitalization – $106.6 million
- Market share – 3.8%
- Average crypto daily trading transactions – $360 million
- Number of global cryptocurrencies – 2
- Blockchain wallet users – 2.5 million
Pros
- Coinmama is one of the fastest bitcoin exchanges globally.
- It is available in almost every country.
- The exchange is simple and easy to use.
- Coinmama provides tutorials for various crypto trading issues.
- High ticket buyers have level 4 reservations
- Customer service is exceptional.
Cons
- There are privacy concerns about the platforms.
- It does not have a personal wallet.
- It offers very few cryptocurrencies.
5) Crypto.com
Best for Active traders looking for more than just holding after buying.
Crypto.com is a centralized exchange with a good crypto coin portfolio, easy to use, and significantly low fees. CRO powers the platform to sustain its liquidity. Users trading on the platform gets rewards from CRO. You can buy cryptocurrency from your debit cards, such as Visa or MasterCard.
Crypto.com lists over 100+ reputable cryptocurrencies. The site maintains top security to ensure users are safe from hackers and scammers. The platform ensures all cryptocurrencies for recovery in case of losses.
Features:
- Crypto.com is best for advanced traders.
- The exchange lists cryptocurrencies that are unavailable on other platforms.
- It offers convenient portfolio diversification.
- Users can trade advanced features such as futures and NFTs.
- Users gain rewards through Crypto.com’s reward chain.
Key Statistics:
- Maker Fee – 0.4%
- Taker Fees – 0.4%
- F&O – 0.07%
- Deposit Fee – 0%
- Withdrawal Fees – 0.0001 BTC
- Volume-based Pricing – 0%
- Minimum transaction value – $1
- Market capitalization – $19 billion
- Market share – 2.33%
- Average crypto daily trading transactions – $ 1.04 billion
- Number of global cryptocurrencies – 100+
- Blockchain wallet users – 10 million
Pros
- Crypto.com offers a simple interface to users.
- It is highly secure.
- You get a wide variety of modes of payment, like Visa and MasterCard.
- The exchange makes it easy for users to convert cryptocurrencies.
- Users get gift cards aside from their crypto wallets.
Cons
- Crypto.com has inefficient customer service.
- It has a complex discount framework.
6) Kraken
Best for Experienced and novice traders to exchange crypto coins at low fees.
Kraken is a specialized crypto trading exchange for learning and trading bitcoin with other cryptocurrencies. It supports over 120+cryptocurrencies. Users can buy the minimum amount starting from $10. The platform guides first-time users on the platform. It offers tutorials that are helpful as you start your cryptocurrency journey as a beginner.
You can track everything from the mobile application. Withdrawals and deposits are instant. Kraken maintains legal compliance and banking relationships to continue developing the platform. Kraken’s customer support is available around the clock.
Features:
- Kraken provides users with a good number of coins to trade.
- Users can access cryptocurrency futures trading and cryptocurrency spot trading.
- It is best for retail investors looking to hold their assets rather than trade actively.
- The exchange has 24/7 customer support.
- The platform offers a high level of security.
Key Statistics:
- Maker Fees – 0.02%
- Taker Fee – 0.05%
- F&O – 0.01%
- Deposit Fee – 0%
- Withdrawal Fees – 0.00002 BTC
- Volume-based Pricing – 0%
- Minimum transaction value – $1
- Market capitalization – $4 billion
- Market share – 0.74%
- Average crypto daily trading volume – $ 333.86 million
- Number of global cryptocurrencies – 120+
- Blockchain wallet users – 6 million
Pros
- Kraken has low trading fees.
- Kraken’s cryptocurrency exchange platform has a wide selection of tools.
- Kraken has options trading.
- There are no deposit fees.
- Instant trading.
Cons
- Kraken charges transaction fees for everything.
- Kraken lacks resourceful education materials.
7) e-Toro
Best for Social copy trading.
E-Toro provides social trading options and supports low investments starting from $10. Users can store different assets on the platform, such as forex, ETFs, commodities, indices, and stocks. It allows you to initiate day trade or invest in the long-term.
eToro’s social trading platform is the best on the market. Experienced investors can set up a subscription-based framework that allows their fans to trade similarly.
Users can access exclusive perks depending on what a professional trader offers. They can have confidence in the platform because of the site’s regulations. Kraken is a regulated platform. Users can be more confident trading on the exchange.
Features:
- e-Toro has social trading.
- Users do not need to trade using their strategies.
- Users subscribe to other lead traders, which links their portfolios together.
- It is perfect for beginners looking to learn crypto and trading strategies.
- Users can offer subscriptions to others on the network.
- Free trading on ETFs and stocks.
Key Statistics:
- Maker Fee – 0.75%
- Taker Fees – 0.01%
- F&O – 1%
- Deposit Fee – 0%
- Withdrawal Fees – eToro charges a fixed withdrawal fee of $5 USD
- Volume-based Pricing – 0%
- Minimum transaction value – $10
- Market capitalization – $2.5 billion
- Market share – 7%
- Average crypto daily trading volume – $1.5 trillion
- Number of global cryptocurrencies – 20+
- Blockchain wallet users – 24.8 million
Pros
- E-Toro gives users a wide selection of cryptocurrency tools.
- The sign-up process of this crypto exchange is straightforward.
- The exchange’s social trading is unique to its platform.
- Trading regulation.
- Top security.
Cons
- eToro’s trading fees are high.
- eToro’s customer service is slow.
Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
8) Robinhood
Best for Smartphone users looking for a simple interface to trade cryptocurrency.
Robinhood is a diverse platform that allows trading options, stocks, ETC, and cryptocurrency. Users enjoy a zero-commission framework as it makes it convenient for you to invest in cryptocurrency without incurring fees.
The exchange has various investment options such as ETFs and Stocks. The application guides users through the various cryptocurrency options. Robinhood does not have a comprehensive cryptocurrency listing.
You can only trade the top crypto coins such as Dogecoin, Ethereum, and bitcoin. Robinhood’s Sofi application educates users on financial planning to make the most of their investment.
Features:
- Robinhood has one of the lowest fees in cryptocurrency trading.
- There is no minimum investment.
- Users who traded stocks on Robinhood can easily switch to crypto.
- Users can purchase fractional shares.
- You can reinvest your dividends automatically.
- Robinhood’s ATM withdrawals are free.
Key Statistics:
- Maker Fee – 0.4%
- Taker Fee – 0.4%
- F&O – 0%
- Deposit Fee – 0%
- Withdrawal Fees – 0%
- Volume-based Pricing – 0%
- Minimum transaction value – $1
- Market capitalization – 9.58B
- Market share – 17%
- Average crypto daily trading volume – $16 billion
- Number of global cryptocurrencies – 10+
- Blockchain wallet users – 9.5 million
Pros
- Simple interface for both mobile and web users.
- It suits beginners.
- Easy account opening.
- Recurring investment feature.
- Efficient cash management.
Cons
- It lists only seven cryptocurrencies.
9) Gemini
Best for Experienced traders to utilize Gemini’s Active Trader platforms.
Gemini is a centralized crypto exchange with a unique suite of cryptocurrency products. This crypto exchange has its token, the Gemini Dollar. Users can trade up to 60 types of cryptocurrencies. They can choose to use the mobile application or the website. The interfaces are slightly different, but the usability is similar.
Gemini is growing in popularity because of its comparability with Coinbase. It offers top features, including ease of use and maximum security.
Features:
- Gemini is a typical cryptocurrency trading platform but with added perks.
- The Gemini Earn Program gives users the chance to earn interest in specific cryptocurrencies deposited in their interest accounts.
- Users earn interests of up to 8% with a minimum of 1.5%.
- Gemini has a broad cryptocurrency portfolio.
- Gemini offers top security features.
Key Statistics:
- Maker Fee – 0.2%
- Taker Fee – 0.4%
- F&O – 0.5%
- Deposit Fee – 0%
- Withdrawal Fee – 1.49%
- Volume-based Pricing – 0%
- Minimum transaction value – 0.00001 BTC
- Market capitalization – $360,288,861.60
- Market share – 0.09%
- Average crypto daily trading volume – $ 39.87 million
- Number of global cryptocurrencies – 56
- Blockchain wallet users – 13.6 million
Pros
- Gemini currently lists about 50+ cryptocurrencies.
- It ensures all its digital assets.
- The exchange is suitable for beginners and experienced traders.
- Users’ cryptocurrency balances earn interest.
Cons
- Gemini has high trading fees.
10) Trade Station
Best for Crypto futures and options trading.
Trade Station is a centralized crypto exchange for active cryptocurrency traders who can venture into other securities such as mutual funds, bonds, and stocks. Its desktop application is robust, making it a leader among crypto exchanges. Users can utilize its mobile and web-based variations to trade on the platform.
Trade Station is cheap because users can trade from as low as $0. The main limitation of the platform is the lack of user guidance. It prompts users to research elsewhere. It can lead to the loss of clients because other crypto exchanges guide users on cryptocurrency investments.
Features:
- Trade Station has different trading options, such as forex, crypto trading, etc.
- It has a user-friendly interface.
- Users can trade cryptocurrency futures, options, and equities with favorable interests.
- It offers a broad cryptocurrency selection.
- You gain interest in the balance of your assets.
Key Statistics:
- Maker Fee – 0.3%
- Taker Fee -0.3%
- F&O – $1.5/Contract
- Deposit Fee – 0%
- Withdrawal Fee – 0%
- Volume-based Pricing – 0%
- Minimum transaction value – $1
- Market capitalization – $ 390.95M
- Market share – 0.9%
- Average crypto daily trading volume – $50 million
- Number of global cryptocurrencies – 15
- Blockchain wallet users – 165,811
Pros
- Flexible for use on mobile and web.
- Low transaction fees
- Essential educational tools
- Active trading community.
Cons
- Poor usability.
Link: http://www.tradestation.com/
11) Bisq
Best for Peer-to-peer (P2P) trading.
Bisq is a crypto exchange that is good for trading the trending cryptocurrencies in the market. The exchange is open source. It gives other crypto exchange developers a chance to create their platforms from the Bisq network. It has P2P (peer-to-peer) trading, which allows users to trade on their terms.
Bisq does not need identity verification for a user to start trading. It makes the platform one of the most anonymous. Payouts are instant and convenient for users looking to liquidate their assets. The exchange does not have a central server. It stores all the information on local disks, which is safer than having a central server.
Features:
- The P2P transactions are similar to those on Binance.
- Users can purchase cryptocurrency through a third party.
- It is cheap.
- Bisq has a broad cryptocurrency portfolio.
- Bisq customers can switch between cryptocurrencies with ease.
Key Statistics:
- Maker Fee – 0.05%
- Taker Fees – 0.35%
- F&O – 0.05%
- Deposit Fee – 0.7%
- Withdrawal Fee – 0.7%
- Volume-based Pricing – 0%
- Minimum transaction value – 0.001 BTC
- Market capitalization – Private Company
- Market share – 0.5%
- Average crypto daily trading volume – $152,012
- Number of global cryptocurrencies – 6
- Blockchain wallet users – 100,000
Pros
- Bisq has fast transactions.
- It has a P2P network just like Binance.
- The exchange lists the best cryptocurrencies in the market, like Bitcoin.
- There is a wide variety of payment options on the platform.
Cons
- Bisq lacks advanced trading tools and options for experienced traders.
- Bisq has high trading fees.
Link: http://www.bisq.network/
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. A 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 that a user can only store their cryptocurrency, but they do not have the flexibility to trade assets. Binance is the most popular crypto exchange. They are like brokerage services.
- 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 Qurrex Exchange and Nash Exchange.
Give an 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: Combines several fiat currencies with two or more cryptocurrencies for exchange. Most popular combination of this crypto trading pair 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: It costs to transfer fiat currency to a crypto exchange platform.
- 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 by crypto exchanges to charge according to how much a user transacts.
How to purchase crypto on a crypto exchange platform?
Purchasing cryptocurrency is straightforward. Follow these steps.
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 get a prompt 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, and P2P trading and c Credit/Debit.
Step 4) Choose Cryptocurrency and Fiat Currency
You have to 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. Making a crypto purchase is this easy.
FAQs
❓ What are the best exchanges with the lowest fees?
These crypto exchanges have the lowest fees:
🚀 How do I exchange cryptocurrency without fees?
Trading cryptocurrency without fees depends on the platform you choose. You’ll find those that charge fixed numbers or percentages while others are free.
For example, FTX is the cheapest of all the cryptocurrency exchange platforms. It should be your go-to option to continue your cryptocurrency trading journey. You can also utilize P2P trading on Binance to get significantly low fees, even in margin trading.
🏅 Do all crypto exchanges charge fees?
No, not all crypto exchanges charge fees. There are different fee categories such as F&O, deposit, and withdrawals. The costs you incur depend on the platform and the transaction category. Some platforms might subsidize exchange fees while others will charge. For the lowest crypto exchange fees, choose FTX.
❗ 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.
