Top 13 Crypto Exchanges with The Lowest Fees in 2025
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Crypto fees are an important but often overlooked aspect of trading and investing. They can significantly impact your profitability, especially if you’re not familiar with your exchange’s fee structure.
To help you minimize your costs, we tested over 40 of the lowest-fee crypto exchanges to find the ones that stand out not only with low costs but also advanced trading features, robust security, ease of use, and fee discounts.
Based on our research, Best Wallet proved to be the best low-fee crypto exchange due to its integrated DEX, compatibility with 60+ blockchains, and native token that provides discounted fees on staking and token swaps. Keep reading to discover which 13 low-fee platforms made it to our list and what makes them stand out.
Which Crypto Exchange Has The Lowest Fees?
After analyzing the fee structures of each of our prospects firsthand, we concluded that Best Wallet is the lowest-fee crypto exchange, offering free crypto deposits, free bank transfers, and card fees that are significantly lower than those of the competition. Take a look at the table below to find out how the 13 best low-fee platforms compare to each other in terms of their maker/taker fees, deposit and withdrawal costs, and exchange token discounts:
| Exchange | Maker Fee | Taker Fee | Deposit Fee | Withdrawal Fee | Exchange Token Discount? |
| Best Wallet | None | None | Free (crypto); ~1% (card); Free (bank transfer) |
Network fee only | Yes, via $BEST token |
| KCEX | 0% | 0% | Free (crypto only) | Network fees (crypto only) | No |
| MEXC | 0% | 0.05% | Free (crypto); ~2% (card) | Network fee (crypto) | 20% to 50% with $MX |
| PrimeXBT | 0.01% | 0.045% | Free (crypto and USD) | Varies by network/method | No |
| OKX | 0.08% | 0.1% | Free (crypto); Free (bank ACH/wire) | Network fees (crypto); Free (ACH USD), ~$30 (wire USD) | 40% with $OKB |
| BTCC | 0.2% | 0.3% | Free (crypto) | Network fees (crypto) | No |
| Margex | 0.019% (futures) | 0.06% (futures) | Free (crypto); 0.5% – 5% (card) | Network-dependent (crypto only) | No |
| Binance | 0.1% | 0.1% | Free (crypto); Free (bank ACH); 3.75% (card) | Network fee (crypto); Free (ACH USD); 1$ – $15 (other fiat) | 25% with $BNB |
| WEEX | 0.1% | 0.1% | Free (crypto only) | Network-dependant | Up to 70% with $WXT |
| MoonPay | N/A | N/A | 4.5% (card); ~1% (bank transfer) | Network fees (crypto); 1% (bank USD); 3.4% (PayPal) | No |
| BloFin | 0.1% | 0.1% | Free (crypto); 3.5% to 5% (card) | Network fees (crypto only) | No |
| Bybit | 0.1% | 0.1% | Free (crypto); 2% – 3.5% (card) | Network fees (crypto); Varies (fiat via third-party) | No |
| KuCoin | 0.1% | 0.1% | Free (crypto); Free (SEPA, bank transfer); 1% – 3% (card) | Network fees (crypto); ~2% (fiat via KuCard) | 20% with $KCS |
The Lowest Fee Crypto Exchanges Reviewed
Now that you’ve seen which crypto exchanges offer the lowest trading fees, take a look at our extensive reviews to find the platform that suits your trading style the most.
1. Best Wallet – Overall Best Low-Fee Crypto Exchange
- Maker Fee: None
- Taker Fee: None
- Deposit/Withdrawal Fees: ~1% for card deposits and 0% for bank transfers; Network fees for withdrawals
Best Wallet is a non-custodial wallet with an integrated DEX that lets you trade 1,000+ tokens across 60+ blockchains. It also uses an exchange aggregation system connecting you with numerous liquidity pools. This provides you with the best exchange rates and allows you to pay the lowest processing fees when purchasing cryptocurrencies. You won’t have to pay service or platform fees, while the transaction fees depend on the third-party provider.
If you hold its native token, BEST, you’ll pay lower transaction fees, earn higher staking rewards, and gain early access to the best crypto presales. We also loved that there are no fees for receiving or storing crypto.
Best Wallet employs advanced security features, such as multi-factor authentication and biometrics, making it one of the most secure non-custodial crypto wallets. Its only downside is that you’ll have to pay liquidity provider fees when executing cross-chain swaps.
Best Wallet Key Takeaways
- Integration with Onramper: Get the best exchange rates and pay the lowest processing fees when buying crypto.
- Exchange aggregation system: Connect to a wide array of liquidity pools to get the best possible prices.
- Native token: BEST token holders pay reduced swap fees.
- Security features: PIN or biometrics, multi-factor authentication, risk warnings on tokens that could potentially be a scam.
Pros
- Integrated DEX and exchange aggregation system
- No service or platform fees
- No fees for receiving or storing crypto
- BEST token holders will pay lower transaction fees
- Supports 1,000+ tokens and 60+ blockchains
Cons
- Liquidity provider fees for cross-chain swaps
2. KCEX – The Best No-Fee Crypto Exchange for Altcoins
- Maker Fee: 0%
- Taker Fee: 0%
- Deposit Fee/Withdrawal Fees: Free crypto deposits; Network fees for withdrawals
KCEX is a crypto spot and futures trading platform, known for its event center. On that note, on April 14, 2024, KCEX launched a zero trading fee event for spot trading, which is still ongoing, to reduce its maker and taker fees from 0.1% to 0%. Its spot market supports 860+ tokens, from memes and AI to Layer 1 and DeFi coins, making it one of the best altcoin exchanges.
KCEX also launched a zero withdrawal fee event for spot withdrawals, which means you’ll be able to cash out your tokens without paying anything. However, if your withdrawals exceed $100 per month, you’ll have to pay the standard withdrawal fees, which will depend on the token and network.
In addition to spot fees, KCEX has reduced its futures fees, which currently stand at 0% for makers and 0.01% for takers, while its on-chain crypto deposits come with zero fees. Moreover, new KCEX users earn rewards by completing different spot deposit tasks.
KCEX Key Takeaways
- Zero fees for spot trading: KCEX launched a zero trading fee event for spot trading.
- Zero withdrawal fees: You won’t have to pay fees for spot withdrawals.
- New user rewards: New users earn rewards by completing spot deposit tasks.
- Native mobile app: Trade crypto on the go with KCEX’s native mobile app for Android and iOS devices.
Pros
- Zero maker/taker fees for spot trading
- No deposit and withdrawal fees
- Spot deposit tasks
- Supports 860+ tokens
- No KYC required
Cons
- Lacks fiat support
3. MEXC – Lowest Transaction Fee Crypto Exchange for Futures Trading
- Maker Fee: 0%
- Taker Fee: 0.05%
- Deposit/Withdrawal Fees: Free crypto deposits, ~2% for card purchases; Network-dependent withdrawal fees
MEXC is one of the best crypto futures trading platforms that supports 2,300+ spot and 1,130+ futures pairs. The maker and taker fees stand at 0% and 0.05% for spot and 0% and 0.02% for futures. If you hold its native token, MX, you can participate in free airdrop events and earn fee discounts. For example, you can earn a 20% discount on USDT-M perpetual futures fees and a 50% discount on spot and futures trading fees if you hold more than 500 MX tokens.
What makes MEXC the best low-fee platform for futures is its futures events. For example, if you participate in its 0 Fee Fest, you’ll get to trade 100 futures pairs, such as SOL/USDT, AVAX/USDT, and PEPE/USDT, for zero fees.
Another feature that makes MEXC stand out is its zero-fee conversion program. This lets you convert between 2,300+ different coins without relying on the order book for matching. MEXC is suitable for both beginners and advanced traders. The former can practice trading by creating a demo account, while the latter can take advantage of its flexible trading rules. MEXC is also the crypto exchange with the most coins, giving you plenty of investment opportunities.
MEXC Key Takeaways
- Token discounts: MX token holders earn a 20% discount on USDT-M perpetual futures fees and a 50% discount on spot and futures trading fees (if they hold more than 500 MX tokens).
- Futures events: Participate in multiple futures events, such as 0 Fee Fest, Futures M-Day1, and Futures Hotspot.
- Zero-fee convert program: Convert 2,300+ coins for zero fees.
- Flexible trading rules: MEXC’s futures come with an adjustable leverage that ranges from 1x to 400x.
Pros
- Doesn’t charge fees for crypto transfers
- VIP users will pay lower trading rates
- MX token holders will earn a 20% and a 50% discount on spot and futures fees
- 0% fees on maker orders
Cons
- 2% fee if you buy crypto using a credit/debit card
4. PrimeXBT – Lowest Trading Fee Crypto Exchange for Forex CFDs
- Maker Fee: 0.01%
- Taker Fee: 0.045%
- Deposit/Withdrawal Fees: Free crypto and USD fiat deposits; Withdrawal fees depend on the network and method
PrimeXBT is a crypto and TradFi platform that supports 100+ global CFD markets, including crypto, forex, commodities, indices, and shares. The exchange charges zero trading fees on CFDs for forex, indices, commodities, and shares, while the trading fees on crypto stand at 0.05%.
PrimeXBT also supports crypto futures trading. The maker fee is 0.01%, while the taker fee ranges from 0.02% to 0.045%, depending on your monthly trading volume. You can reduce your futures trading fees by 25% and 40%, respectively, by becoming a VIP 1 or a VIP 2 member. CFD traders also pay reduced trading fees (25% for VIP 1 and 50% for VIP 2 users).
You can trade CFDs on PrimeXBT using its proprietary WebTrader and app or MetaTrader 5, and you can test your trading skills by opening a demo account. PrimeXBT doesn’t charge account maintenance fees. However, you’ll have to pay a swap fee if you hold a position open overnight.
PrimeXBT Key Takeaways
- Zero trading fees on CFDs: You can trade forex, commodities, indices, and shares for zero fees.
- Low spreads: Spreads start from as low as 0.1 pips when trading CFDs.
- Reduced trading fees for VIP members: VIP 1 and VIP 2 users will receive a 25% and a 40% discount on futures trading fees and a 25% and 50% fee discount on CFD trading.
- Trading on multiple platforms: Trade CFDs on MetaTrader 5 or PrimeXBT’s proprietary WebTrader and app.
Pros
- Zero trading fees on CFDs for forex, indices, commodities, and shares
- VIP users will pay reduced trading fees
- Fixed trading fee of 0.05% for crypto trades
- Supports 100+ global CFD markets
- Demo account
Cons
- You’ll have to pay a swap fee if you hold a position open overnight
- Lack of a native token
5. OKX – The Best No-Fee Crypto Exchange for P2P Trading
- Maker Fee: 0.08%
- Taker Fee: 0.1%
- Deposit/Withdrawal Fees: Free crypto deposits and bank ACH/wires; Network fees for crypto, Free ACH withdrawals, ~$30 fee for wire transfers
OKX has established itself as one of the best P2P crypto exchanges because it allows you to buy and sell cryptocurrencies from other traders for zero fees. You’ll be able to use 900+ local payment methods and 100+ currencies to conduct your trades. If you want to trade large amounts of crypto, you can take advantage of its P2P block trade service, which also comes with zero fees.
The platform offers competitive fees for spot and futures trading that range from 0.080% (maker) to 0.100% (taker) and from 0.020% (maker) to 0.050% (taker), respectively. However, since OKX uses a volume-based fee discount system, your trading fees will decrease as your trading volume increases. In addition to that, if you hold OKB tokens, you’ll save an extra 40%.
OKX is also suitable for NFT traders since it allows them to list their non-fungible tokens for free. You can trade crypto on OKX’s desktop and mobile app, which is available for Windows, macOS, Android, and iOS devices.
OKX Key Takeaways
- P2P trades with zero fees: OKX doesn’t charge fees for P2P trades.
- Volume-based fee discount system: Higher trading volume equals lower trading fees.
- Fee discounts for OKB token holders: OKB token holders can reduce their trading fees by 40%.
- Zero-listing fee policy for NFTs: OKX doesn’t charge listing fees for NFTs.
Pros
- Zero fees for P2P trades
- Volume-based fee discounts
- OKB token holders will save 40% on their trading fees
- Zero listing fees for NFTs
Cons
- Complex fee structure
- Users with lower trading volume will pay higher transaction fees
6. BTCC – Popular Crypto Exchange With Low Fees on Futures Trading
- Maker Fee: 0.2%
- Taker Fee: 0.3%
- Deposit/Withdrawal Fees: Free crypto deposits and withdrawals
BTCC is one of the best crypto exchanges with low fees. Launched in 2011, BTCC has been around since the early days of crypto. It now serves over 10 million users who trade over $30 billion within a 24-hour period. What makes BTCC stand out is its low fees and high leverage of 500x on over 300 USDT-margined trading pairs.
The platform’s biggest draw is the low fees on futures trading, where users get 0.06% for takers and 0.03% for makers. Users who climb the VIP ladder and reach the highest tier can lower these fees further to 0.03% and 0.01% for takers and makers. Spot trading fees are locked at 0.3% for takers and 0.2% for makers, regardless of your VIP standing.
Aside from its low fees, BTC is known as a no-KYC exchange that allows daily withdrawals up to 10,000 USDT, which is an excellent feature for most crypto users. Additional features that crypto investors may like are copy trading and demo trading. The first can be a great option for those looking for passive income, while the second can be helpful for beginners who want to learn how to trade.
BTCC Key Takeaways
- Low futures trading fees: Futures trading comes with 0.06% and 0.03% for takers and makers.
- Volume-based fee discount system: Climbing the VIP ladder will lower the futures trading fees.
- No-KYC withdrawals: Users can withdraw up to $10,000 USDT without undergoing KYC.
- Copy trading: Investors looking for passive income can take advantage of the copy trading features.
Pros
- Low fees on futures trading
- Volume-based fee discounts
- Copy trading features
- No-KYC withdrawals
Cons
- Spot trading fees don’t drop with VIP status
- Focused mostly on derivatives trading
7. Margex – The Best Low-Fee Crypto Exchange for Copy Trading
- Maker Fee: 0.019%
- Taker Fee: 0.06%
- Deposit/Withdrawal Fees: Free crypto deposits, 0.5% – 5% for card purchases; Network-dependent withdrawal fees
Next on our list of the lowest fee crypto exchanges is Margex. The platform allows you to buy, sell, and trade 45+ crypto pairs with up to 100x leverage. Margex is also recognized as one of the best crypto copy trading platforms due to its simple interface and high profit-sharing rates for followers, ranging between 50% and 85%.
Margex charges fixed maker and taker fees, which amount to 0.019% and 0.060%, respectively. There are no deposit fees, while withdrawal fees depend on the cryptocurrency and the network. You’ll also be able to convert 10 cryptocurrencies, such as BTC, ETH, and SOL, for free.
You can get a 50% discount on trading fees through Margex’s bonus system. After you close your position, up to 50% of the trading fees will be offset from the bonus balance and credited to the wallet balance of the corresponding coin.
Margex Key Takeaways
- High profit-sharing rates for followers: Followers receive 50% to 85% of profits, depending on their invested amount.
- Zero deposit fees: Margex doesn’t charge deposit fees. You can also convert 10 cryptocurrencies for free.
- Bonus system: Get a 50% discount on trading fees after you close your position.
- Referral program: Earn a flat commission rate of 40%.
Pros
- Zero deposit fees
- One-click copy trading software
- Allows up to 100x leverage
- 50% discount on trading fees through Margex’s bonus system
Cons
- Limited number of trading pairs
- No spot trading
8. Binance – Lowest Fee Crypto Exchange in the USA
- Maker Fee: 0.1%
- Taker Fee: 0.1%
- Deposit/Withdrawal Fees: Free crypto and bank ACH deposits, ~3.75% fee for card purchases; Network fees for withdrawals, free ACH transfers in USD, and 1$ – $15 for other fiat currencies
Binance is the largest crypto exchange by trading volume. This platform supports spot, futures, P2P, and copy trading. The trading fees on Binance are volume-based. This means that users with higher trading volume will pay lower fees.
For example, if your 30-day trading volume is less than $1 million, you’ll pay 0.1% (maker) and 0.1% (taker) for spot and margin trading. On the other hand, if your trading volume is above $4 million, your maker and taker fees will drop to 0.011% and 0.023%, respectively. If you hold BNB tokens, you’ll get a 25% trading fee discount on spot and margin trading fees and a 10% discount on futures.
U.S. traders are able to trade crypto on the platform’s subsidiary, Binance US. This exchange lets you trade its Tier 0 pairs for zero fees, while the maker and taker fees for its Tier I pairs start from 0.3800% and 0.5700%, respectively. However, if you use BNB tokens to pay for fees, you’ll get a 5% discount.
Binance Key Takeaways
- Volume-based trading fees: Users with higher trading volume pay lower fees.
- BNB token discounts: BNB holders get a 25% trading fee discount on spot and margin trading fees and a 10% discount on USDⓈ-M futures.
- Binance.US: US residents can trade select crypto pairs with zero fees on the Binance.US platform.
- Spot trading fee discount: Use BNB to pay for fees to get a 5% discount.
Pros
- Competitive maker and taker fees
- BNB holders will get a 25% and a 10% trading fee discounts on spot and futures
- Multiple trading options and services
- Available for U.S. citizens via its U.S. subsidiary
Cons
- Charges up to a 25% fee on staking rewards for ETH and up to 35% for other cryptos
- Not available in all U.S. states.
9. WEEX – Low-Fee Futures & Copy Trading With VIP Discounts
- Maker Fee: 0.1%
- Taker Fee: 0.1%
- Deposit/Withdrawal Fees: Free crypto deposits and network-based withdrawal fees
WEEX is a centralized crypto exchange that focuses on low-cost derivatives, copy trading, and has a great VIP fee ladder, with base fees at 0.10% / 0.10% for spot and 0.02% / 0.08% for futures (maker/taker). While these are already decent, users can also receive additional discounts by using the WXT token and VIP tiers.
A 1,000 BTC Protection Fund and regular Proof-of-Reserves (1:1) disclosures give reassurance around safety. Leverage is available, although pair-dependent. Some pairs reach up to 400×, while pairs like BTC/USDT are typically capped at 200×. P2P fiat on-/off-ramps are available with zero platform fees, and there’s a demo mode for practice.
WEEX Key Takeaways
- Base fees: Spot 0.10% / 0.10% and Futures 0.02% / 0.08% (maker/taker).
VIP & WXT discounts: WEEX’s VIP ladder can reduce futures even further to 0.01% / 0.04% and holding WXT unlocks additional fee cuts (usually via campaigns). - Security: 1,000 BTC Protection Fund and Proof-of-Reserves (1:1 backing) for transparency.
- Leverage & tools: Up to 400× advertised (pair-dependent; major pairs commonly 200×); copy trading and demo trading supported.
P2P with zero fees: Buy/sell crypto via P2P with no platform fee (payment-provider charges may apply).
Pros
- Competitive base fees & deeper cuts via VIP tiers and WXT
- 1,000 BTC Protection Fund & Proof-of-Reserves
- Copy trading with a transparent profit-share model
- P2P fiat on-/off-ramp with zero platform fees
- Demo trading and high leverage
Cons
- Leverage caps vary by pair (e.g., BTC/USDT usually 200×)
- Fiat access relies on P2P/third-party providers; provider fees may apply
- Discounts depend on VIP level/WXT holdings and promotions
10. MoonPay – Non-Custodial Fiat On/Off-Ramp With Simple Pricing & Balance Top-Ups
- Maker Fee: N/A
- Taker Fee: N/A
- Deposit/Withdrawal Fees: 4.5% for card and ~1% for bank deposits; Network fees for withdrawals and ~1% for bank transfers
MoonPay is an extremely user-friendly, non-custodial fiat gateway that lets you buy, sell, and swap cryptocurrencies using everyday payment methods (such as bank cards, Apple Pay and Google Pay, PayPal, and local bank transfers).
Fees can be up to 4.5% (quote-based) with a $/€3.99 minimum, but MoonPay Balance does offer fee-free top-ups (in the U.S., UK, EU) and there are zero MoonPay fees on purchases (aside from standard network fees), so there is the ability to bring fees into the cheap range.
On the off-ramp side, MoonPay supports PayPal, cards, bank transfers, ACH/SEPA, and Venmo (in the U.S.). Supported cryptocurrencies do vary by region, and you’ll need to complete KYC.
Broadly speaking, there are around 60+ supported assets in the U.S., and 140+ in the rest of the world.
MoonPay Key Takeaways
- On- & off-ramp: Buy and sell crypto with cards, Apple/Google Pay, PayPal and cash-out via ACH/SEPA, cards, PayPal, and Venmo (U.S.).
- Pricing: Variable, up to 4.5% with a $3.99/€3.99 minimum – all fees shown up front before you confirm.
MoonPay Balance: Fee-free fiat top-ups (U.S., UK, EU) and no MoonPay fee on buys when paying from Balance. - Non-custodial: Users hold their crypto keys, and MoonPay helps with transfers, including swaps and cross-chain where supported.
- Coverage & compliance: Global availability (regional restrictions apply) and U.S. licensing; strong security (TLS, encryption at rest).
Pros
- Very beginner-friendly with a non-custodial flow
- Wide choice of everyday payment methods
- Straightforward off-ramp to local money
- MoonPay Balance cuts effective purchase costs
- 24/7 live chat; clear, upfront quotes
Cons
- Some payment methods reach up to 4.5% fees
- MoonPay Balance is limited to the U.S., UK, and EU
- ACH withdrawals may take several business days
11. BloFin – Best Low-Fee Exchange for Leverage Trading
- Maker Fee: 0.1%
- Taker Fee: 0.1%
- Deposit/Withdrawal Fees: 0% for crypto deposits and 2% – 3.5% for card purchases; Network-based withdrawal fees
The next contestant on our lowest transaction fee crypto exchanges list is BloFin. This centralized exchange offers competitive futures and spot trading fees that start at 0.02% and 0.1% for makers and 0.06% and 0.1% for takers, respectively. BloFin supports 530+ futures and 400+ spot trading pairs that come with up to 150x leverage, which makes it one of the top-rated platforms for crypto leverage trading.
BloFin is known for its time-limited fee discounts on selected cryptocurrencies and a VIP-based fee discount system. A higher VIP level equals lower maker and taker fees. For example, the spot fees for VIP 1 users will stand at 0.035% (maker) and 0.06% (taker), while for VIP 5 level users, the fees drop to 0.01% and 0.0325%, respectively.
BloFin frequently offers promotions that include 50% discounts on taker fees when listing new perpetual contract pairs, although these only last 48 hours.
BloFin Key Takeaways
- High leverage: Trade 330+ futures and 90+ spot trading pairs with up to 150x leverage.
- Time-limited fee discounts: Trade selected cryptos for discounted fees.
- VIP-based fee system: Users with a higher VIP level will pay lower transaction fees.
- Frequent promotions: Newly listed perpetual contract pairs come with a 50% taker fee discount.
Pros
- You can use BloFin’s futures bonus to offset trading fees, losses, and funding fees
- Frequent promotions and time-limited fee discounts
- Demo account
Cons
- The 50% taker fee discount lasts only 48 hours
- You’ll need to hold over $3,000,000 in assets to qualify for the highest VIP status
- High fees for small withdrawals
12. Bybit – The Lowest Trading Fee Crypto Exchange for Day Trading
- Maker Fee: 0.1%
- Taker Fee: 0.1%
- Deposit/Withdrawal Fees: Free crypto deposits,3.5% to 5% fee for card purchases; variable network-based and fiat withdrawal fees
Bybit is a low-fee crypto trading platform that supports 725+ coins and tokens and 1,177+ markets. Its services include spot, futures, options, pre-market trading, copy trading, and crypto bots, making it one of the best exchanges for day trading. Bybit uses a volume-based fee structure, which means that trading fees will decrease as your trading volume (VIP level) increases.
The base maker and taker fees stand at 0.1% for spot, 0.0200%/0.0550% for futures and perpetual swaps, and 0.02%/0.03% for options trading. If you become a VIP member, you’ll get up to a 50% discount on your trading fees. You’ll also be able to apply to Bybit’s VIP program if you’re a VIP member on other crypto exchanges, which makes this platform ideal for active traders.
Like its competitors, KCEX and MEXC, Bybit often hosts zero-fee events. For example, the Bybit Indices Unleashed Trading Event will enable you to trade 18 MT5 indices for zero fees.
Bybit Key Takeaways
- VIP program: VIP members can get a 50% fee discount. VIP members from other exchanges can also apply to Bybit’s VIP program.
- Zero-fee events. Bybit often organizes trading events during which its users will be able to trade crypto for zero fees.
- No deposit fees: Internal transfers and on-chain crypto deposits come with zero fees.
- No fees for P2P trading: Buyers and sellers won’t have to pay transaction fees when conducting P2P trades.
Pros
- 50% fee discount for VIP members
- Zero-fee events
- Advanced trading tools
Cons
- 2% liquidation fee for spot margin trading
- No insurance on deposits
- May be complex for beginners
13. KuCoin – The Best Low-Fee Crypto Exchange for Beginners
- Maker Fee: 0.1%
- Taker Fee: 0.1%
- Deposit/Withdrawal Fees: Free crypto, SEPA, and bank transfer deposits, 1% – 3% for card payments; Network fees for crypto withdrawals, ~2% for fiat via KuCard
If you’re looking for the lowest fee crypto exchange that’s suitable for beginners, look no further than KuCoin. This platform is known for its Learn and Earn program that enables you to earn rewards by taking crypto-related courses and quizzes. KuCoin has recently added new features to its iOS app, such as lock screen market widgets and a customizable home screen, to provide you with a more intuitive trading experience.
KuCoin’s fee system is based on your 30-day trading volume and the number of KCS tokens you hold. The maker and taker fees for spot trading start at 0.1%. On the other hand, the maker and taker fees for futures stand at 0.02% and 0.06%, respectively. However, if you hold KCS tokens, you’ll get a 20% discount on both spot and futures costs.
Keep in mind that the spot trading fees will vary across Class A, Class B, and Class C tokens. Class A tokens (e.g., BNB and AAVE) come with the lowest fees (0.1%), while Class C tokens (e.g., PEPE2 and PIXEL) come with the highest trading fees (between 0.2% and 0.3%).
KuCoin Key Takeaways
- Learn and Earn program: Earn rewards by taking crypto-related courses and quizzes.
- 20% fee discount for KCS holders: KCS token holders can save 20% on spot and margin trading fees.
- KuCoin app supports lock screen market widgets: Gain access to real-time crypto prices and market trends from your lock screen widgets.
- Class A, Class B, and Class C tokens: The spot trading fees will vary across Class A, Class B, and Class C tokens
Pros
- Intuitive interface
- Learn and Earn program
- KCS holders will get a 20% discount on spot and margin trading fees
- Low trading fees for Class A tokens
Cons
- KuCoin charges inactivity fees
- Non-Euro transactions come with a 2% fee
- Class C tokens come with higher trading fees than Class A tokens
How Do Crypto Exchange Fees Work?
Every time you buy, sell, or trade cryptocurrencies, you’ll have to pay trading fees. These come in two forms – maker and taker. Maker fees are usually lower than taker fees since they add liquidity, while taker orders remove liquidity from the market.
The maker and taker fees are based on your 30-day trading volume and the asset you’re trading. Some crypto exchanges charge fixed trading fees, while others use tier-based fee structures. This means you’ll pay lower fees if you increase your trading volume. Exchanges may also offer token-based fee discounts, as is the case with Best Wallet, MEXC, OKX, Binance, and KuCoin, which means that you’ll pay lower fees if you use their native tokens for payments.
Most exchanges don’t charge deposit fees for cryptocurrency deposits, while for fiat-based deposits, you’ll have to pay a fee that will depend on your payment method. As for withdrawal fees, they depend on the used network and cryptocurrency.
What Are Maker and Taker Fees?
Maker and taker fees refer to transaction fees that crypto exchanges charge traders based on whether they add or take liquidity from the market.
- Maker fees are charged on limit orders and are usually lower. These orders won’t be matched immediately. Instead, they’ll remain on the order book until someone matches them.
For example, if you place a limit order to sell 1 ETH at a price of $1,600, while its current market price is $1,700, your order won’t be executed immediately. You’ll have to wait for other traders to place a market order that will match your price. If your maker fee stands at 0.1%, you’ll pay a $1.60 fee when your order gets executed.
- Taker fees are trading fees that crypto exchanges charge when a trader removes liquidity from the market. This happens when your market order gets matched immediately with an existing order.
For example, if you place a market order to buy 1 ETH at a price of $1,700, and your taker fee stands at 0.20%, you’ll pay a $3.40 fee when the order gets executed.
What Are Deposit and Withdrawal Fees?
Besides trading fees, the lowest-fee crypto exchanges may also charge deposit and withdrawal fees, depending on your payment method.
- Crypto Deposit Fees: Most crypto exchanges don’t charge deposit fees if you use crypto to fund your account. However, each cryptocurrency has its own minimum deposit requirement. For example, on Binance, the minimum deposit requirement for BTC is 0.0001.
- Fiat Deposit Fees: If you use fiat to fund your account, the fees will depend on your payment method. Most crypto exchanges that support direct fiat deposits accept credit/debit cards, bank transfers, and third-party payment services, like Simplex and Banxa. For example, on MEXC, you’ll have to pay a 2% fee if you buy crypto using a credit/debit card. On the other hand, if you use SWIFT for EUR and GBP deposits on Bybit, you’ll have to pay a 0.51% transaction fee.
- Third-Party Providers: Crypto exchanges also use third-party providers, such as Simplex and Banxa, to enable fiat deposits. On that note, the fees for credit card payments on Simplex range between 3.5% and 5%, while on Banxa, the credit card fees stand at 1.99%.
- Withdrawal Fees: Crypto exchanges charge fees for on-chain withdrawals that depend on the cryptocurrency and the network you use. For example, the network fee for BTC (on the BTC network) stands at 0.00001, the network fee for ETH (on the ETH network) amounts to 0.00034, while for SOL, the network fee stands at 0.0025. Crypto networks with the lowest transaction fees include Nano, IOTA, TRON, Solana, and Dogecoin.
What Additional Fees do Crypto Exchanges Charge?
In addition to standard transaction fees, crypto exchanges may charge additional fees, such as conversion, liquidation, inactivity, interest, and funding fees.
Conversion Fees
Conversion fees refer to costs associated with fiat-to-crypto, crypto-to-crypto, and crypto-to-fiat swaps. Most crypto exchanges offer zero-fee conversion programs, which means you won’t have to pay a fee if you want to swap your cryptocurrencies for fiat and vice versa. Keep in mind that crypto exchanges generate income through the spread, i.e., the difference between the buying and selling prices, which impacts the amount you receive upon conversion.
Liquidation Fees
Margin trading involves borrowing funds from crypto exchanges to open larger positions with less capital. If the margin (the minimum amount to keep your position open) drops below a certain threshold, the exchange will automatically close your position. Liquidation fees refer to the costs associated with closing a position due to insufficient margin. The liquidation fee will vary depending on the exchange, the type of order, and the size of your position.
For example, the liquidation fee rate on Bybit is 2% for spot margin trading and crypto loans and 0.2% for options. On Binance, the liquidation fee on cross-margin positions stands at 2%.
Inactivity Fees
You’ll pay inactivity fees if you don’t use your account for a certain period of time, usually 12 months. Crypto exchanges charge these types of fees to encourage their members to use their platforms regularly. Inactivity fees vary, depending on the exchange and its policy. For example, they can be charged on a monthly or annual basis. Not all crypto exchanges charge inactivity fees. However, to make sure there are no hidden fees, you should read their terms and conditions before creating an account.
Interest Fees
Interest fees refer to costs associated with borrowing funds from crypto exchanges. The interest rates will depend on the platform and the type of collateral. For example, for regular Binance users, the hourly and annual interest on BTC stands at 0.00011746% and 1.03%, respectively. On Bybit, these figures vary from 0.00012778% (hourly interest rate) and 1.12% (annual interest rate).
Funding Fees
If you trade futures, you’ll have to pay a funding fee, whether you hold a long or short position. The funding fee will depend on the funding rate. To calculate your funding rate, you’ll have to multiply the premium index rate and the interest rate. For example, if the premium index rate is 0.05% and the interest rate is 0.02%, the funding rate will be 0.07%. If you hold a long position and the funding rate is positive, you’ll have to pay a funding fee to traders who hold short positions, and vice versa.
How to Pay Lower Exchange Fees
The lowest trading fee crypto exchanges offer competitive maker and taker fees. However, you can reduce your fees even further by using several strategies.
- Increase your trading volume: Most crypto exchanges offer lower fees to users with high 30-day trading volumes. For example, KuCoin users whose 30-day spot trading volume stands at
- Take advantage of native token discounts: For example, BEST token holders will pay lower fees on token swaps via Best Wallet. MX holders will get a 20% discount and a 50% discount on spot and futures fees if they hold ≥ 500 MX tokens in their spot account. Similarly, OKB and BNB token holders will get a 40% and a 25% discount on trading fees, while KCS token holders will earn a 20% fee discount.
- Become a VIP member: For example, if you become a VIP member on OKX, you’ll reduce your fees from 0.08% (maker) and 0.1% (taker) to 0.045% (maker) and 0.05% (taker). KuCoin, BloFin, and Bybit also offer VIP programs that will enable you to reduce your maker and taker fees.
- Place limit orders and use the Post Only feature: this will allow you to place a limit order that will be treated as a maker order, thereby lowering your trading fees.
Conclusion – What is the Lowest Fee Crypto Exchange?
Trading on low-fee crypto exchanges will enable you to reduce your costs, increase your potential profits, and improve your trading strategy. In addition to low fees, these platforms often implement token and trading volume discounts. You’ll also be able to take advantage of their zero-fee conversion programs and zero-trading fee events.
With that in mind, we tested more than 40 low-fee crypto exchanges to find the best ones. Based on our research, Best Wallet stands out as the best low-fee crypto platform due to its exchange aggregation system, which will allow you to buy crypto at the best exchange rates and lowest processing fees. Moreover, its native token holders pay lower transaction fees and earn higher staking rewards.
Visit Best WalletFAQs
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References
- How Much Are Crypto Exchange Fees? Breaking Down the Costs (Alpha Point)
- The importance of transaction transparency in crypto exchanges (SDLC Corp)
- The role of security in crypto exchanges: best practices for protecting your assets (SDLC Corp)
- Post-Only Order (Bybit)
- About Form 8949, Sales and Other Dispositions of Capital Assets (IRS)
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