Top-6 Cryptocurrency Exchanges With Lowest Fees

When it comes to crypto, choosing the right exchange can improve your trading experience. Primarily, it refers to a fee structure that would be favorable for both traders and investors. In this article, we are digging deeper into this issue and tell you about 6 cryptocurrency exchanges that charge the lowest transaction fees.

Types Of Fees On Crypto Exchanges

Before we move on to the exchanges, we need to understand what types of commissions exist there. We describe them below:

• Maker fees. These fees are charged when placing an order that does not involve immediate execution; such trades add liquidity to the exchange. Typically range from 0.00% to 0.15%, sometimes higher.

• Taker fees. Unlike maker, taker fees are charged when placing an order that is immediately executed, thus “taking” liquidity from the exchange. They are usually higher, ranging from about 0.05% to 0.25%, sometimes more.

• Deposit fees. Some exchanges charge a fee when depositing fiat or cryptocurrency into an exchange account. It can be fixed or based on a percentage of the deposited amount; this commission reaches as high as 5% for fiat.

• Withdrawal fees. This is a fee for withdrawing funds from the exchange to a personal wallet or bank account. When withdrawing crypto, the fee is usually fixed (for example, 0.0001 BTC), and when withdrawing fiat funds, it depends on the payment method (for example, up to 5% for bank transfers or PayPal).

Before you start trading, you should also consider the network fees that are associated with processing transactions on the blockchain. Even if the commissions for trading on the chosen platform are quite low, network fees can add a lot to the costs. You can read about the best time to buy and sell crypto in our article.

List Of The Best Cryptocurrency Exchanges With Lowest Fees

Let's take a look at the fees of crypto exchanges that are among the lowest on the market; these are Cryptomus, Binance, Coinbase, Bybit, KuCoin, and Kraken. We will look at maker, taker, deposit, and withdrawal fees.

Exchange	Maker fee	Taker fee	Deposit fee	Withdrawal fee
Cryptomus	Maker fee Up to 0.04%	Taker fee Up to 0.7%	Deposit fee No	Withdrawal fee No
Binance	Maker fee 0.1%	Taker fee 0.1%	Deposit fee 1.8-3.5% for fiat	Withdrawal fee Up to 1% for fiat
Coinbase	Maker fee Up to 0.5%	Taker fee 0.05-0.5%	Deposit fee $10 for wire	Withdrawal fee $25 for wire
Bybit	Maker fee 0.2%	Taker fee 0.15%	Deposit fee 2-3% for credit/debit cards	Withdrawal fee 0.1-1% for bank transfers
KuCoin	Maker fee 0.1%	Taker fee 0.1%	Deposit fee 1.5-3.5% for credit/debit cards	Withdrawal fee 0.1-1% for bank transfers
Kraken	Maker fee 0.25%	Taker fee 0.4%	Deposit fee 3.75% +$25 for credit/debit cards	Withdrawal fee 0.5-1% for bank transfers

Now let's learn a little more about each exchange mentioned.

Cryptomus

Cryptomus entered the market in 2022, and despite its young age, it already has a large base of active users (over 400,000). This ensures high liquidity and, accordingly, optimal rates for transactions. Thus, the maker's fee ranges from 0.08% to 0.04%, and the taker's is 0.1-0.07%. At the same time, there are no deposit and withdrawal fees; the only commission here is the blockchain network fee for transactions with crypto.

The exchange offers over 20 cryptocurrencies to trade, including highly liquid pairs (for example, BTC-USDT). The list of coins is regularly replenished, so those wishing to diversify their portfolio can find different assets that match their preferences. There is also a great product functionality (staking, P2P exchange, payment gateway, and others) that attracts crypto enthusiasts. As for working safely on the platform, security measures such as 2FA, AML, KYC, and Certik certification help.

Binance

Binance is the leading cryptocurrency exchange due to its high liquidity and large selection of coins (400+). Maker and taker fees here are always at the same level and amount to 0.1%. As for deposit and withdrawal commissions, they are charged only for fiat transactions: up to 3.5% for deposit and up to 1% for withdrawal. Crypto transactions for these operations are subject to network commissions only. A distinctive feature of Binance's fee policy is that the exchange allows you to reduce the level of payments by using the BNB token with a 25% discount.

In addition to low fees, users are attracted to the platform for such useful options as real-time charting and different types of orders. However, the exchange is not available in some countries, including the US, UK, and Canada, which can significantly reduce the number of users and thus liquidity.

Coinbase

Another of the leading crypto exchanges is Coinbase, which appeared in 2012. Maker fees here reach 0.05%, and taker get to 0.05%. If you exceed the amount of $10,000, the commission will be 0-0.04%. Deposit and withdrawal fees for cryptocurrency transactions here consist only of network commissions, but wire transfers are calculated in dollars and amount to $10 and $25, respectively.

On Coinbase, you can choose different altcoins for work or diversification, which are more than 260 of them. The platform also attracts newbies by the fact that it provides paid training programs. Thus, for passing each new module, the user receives a reward in crypto.

Bybit

Bybit exchange is known for derivatives trading and leverage. As for trading commissions, maker fees here are 0.2% and taker are 0.15%. Users should also keep in mind the deposit fees, which are charged at the rate of 2-3% for credit and debit card transactions, and the withdrawal fees, which are 0.1-1% for bank transfers. As for cryptocurrencies, only network commissions work.

The Bybit platform is also popular for its efficient support team, which makes it a great choice for beginners who may have questions when they start trading. Due to the diverse functionality of the exchange, it is a big advantage for experienced traders as well.

KuCoin

On KuCoin, maker and taker fees are equal and amount to 0.1%. Commissions for deposits by credit or debit card here range from 1.5% to 3.5%, and for withdrawals by bank transfer they are from 0.1% to 1%. Cryptocurrencies are only subject to network fees in both cases. For spot trades, the commission here can be reduced by using a proprietary token, KCS, which can be used to pay fees.

KuCoin offers margin trading, futures, and many other types. Tools for charting and order execution help in effective work here.

Kraken

Kraken offers users a wide range of trading pairs, as there are more than 230 coins. Maker fees here are 0.25%, and taker fees are 0.4%. Depositing and withdrawing fiat currencies here also has its own price: a 3.75% fee and an additional $25 will be charged for deposits by credit or debit card, while withdrawing by bank transfer will cost 0.5-1%. Cryptocurrencies are only subject to network fees on deposits and withdrawals.

Users choose Kraken for the different types of trading available, such as the popular margin trading, as well as a large selection of orders. Also, many crypto activists prefer to diversify their portfolio here.

All exchanges serve the same purpose — successful trading, and it works out best if their commissions are small. The crypto exchanges we have presented are some of them, and each one has its own terms and functionality. We hope that this article has helped you better understand the commission structure of crypto exchanges and maybe even choose the one you will work with in the future. We wish you success in your trading!