In this article, I will cover low fee crypto exchanges which will help you increase profitability during your trades. As a new or experienced trader, picking a platform with lower costs is very important.
I will focus on exchanges that have competitive trading prices, no trading fee services, and discounted trading fees for affordable trading on cryptocurrency.
Key Point & Best Crypto Exchanges With Low Fees
| Exchange | Key Point |
|---|---|
| Coinbase | User-friendly interface ideal for beginners. |
| Bitget | Strong focus on copy trading and derivatives. |
| Uphold | Supports a wide range of assets, including metals and fiat. |
| BTCC | One of the oldest crypto exchanges, strong in futures trading. |
| Kraken | Known for strong security and margin trading options. |
| Gemini | Regulated U.S. exchange emphasizing compliance and security. |
| Binance | Largest global exchange with extensive crypto offerings. |
| Bitstamp | Long-standing exchange with a reputation for reliability. |
1. Coinbase
Coinbase will turn 11 this year, and the company has managed to onboard over 240 cryptocurrencies thanks to their simple-to-use proprietary Coinbase app. Users can get their feet wet and gain more knowledge with the beginner-friendly trading platform.
On Coinbase Advanced, the trading fees are set at 0.4% for makers and 0.6% for takers, but high-volume traders see even better discounts. Although several competitors have cheaper prices, cold cryptocurrency storage and regulatory compliance protect Coinbase user accounts.
A completely different trading experience is provided through Coinbase One, a subscription service that offers limited fee-free trading which is a huge plus for more experienced traders.
Customers from all over the world and in more than 100 countries have access to Coinbase as fiat currency deposits through bank transfers as well as Paypal are accepted.
With Coinbase’s step-by-step guides, intuitive interface, and comprehensive trading lessons, users are equipped with powerful resources, even if they can be expensive. Other traders looking to save costs will likely prefer other cheaper alternatives.
Coinbase Features
- Educational Resources: New users are guided through the crypto trading process via instructional videos and tutorials on Coinbase Learn.
- User-Friendly Interface: Simple to sophisticated platforms suited for all users are accessible and navigable on the web and mobile applications.
- Wide Crypto Selection: Bitcoin, Ethereum, and a variety of over 240 altcoins are readily available.
- Coinbase One Subscription: Active traders can benefit from zero-fee trading up to a certain limit plus advanced analytics.
- Security Measures: Regulatory compliance, two-factor authentication, and cold storage accounts safeguard assets.
2. Bitget
Bitget, a cryptocurrency exchange founded in 2018, has quickly grown in the years since with the addition of copy trading and low fees. Spot trading fees for newcomers at Bitget are set at 0.1% for both makers and takers, and can be lowered to 0.08% with the help of Bitget Token (BGB).
Even lower spot trading fees of 0.02% for makers and 0.06% for takers are set for Futures trading. Servicing over 800 cryptocurrencies, Bitget is a leader in derivatives trading as their order books have high liquidity and low slippage.
Beginners will appreciate the simple user interface while worrying less about cold storage hacking due to their $410 million Protection Fund will make users more confident.
Although the UK has Bitget operating without oversight, the exchange’s international presence and advanced features make it an appealing option for experienced traders looking to minimize costs.
Bitget Features
- Staking Rewards: Provides up to sixteen percent APY on some cryptos which benefits long-term investors.
- Low Futures Fees: Derivatives trading is enhanced through low fees of 0.02% maker and 0.06% taker.
- Copy Trading: Novices are able to become profitable by utilizing copy trading which enables them to follow top traders’ strategies.
- High Liquidity: Efficient trades with minimal slippage can be executed for more than 800 cryptocurrencies.
- Protection Fund: User assets benefit from cold storage and a protection fund of $410 million bolstering security.
- Global Accessibility: Users from more than 100 countries are supported.Uphold:
- Diverse Asset Support: Trades over 270 cryptocurrencies, 27 fiat currencies, and precious metals.
- Transparent Reserves: 100% reserve model with asset information updated every half a minute.
3. Uphold
Founded in 2013, Uphold supports more than 260 cryptocurrencies, 27 fiat currencies, and even precious metals, making it a highly versatile trading platform. Its fees are also reasonable, with spot trading at 0.3% (maker) and 0.4% (taker).
Uphold also features 100% reserves, strengthening transparency with automated asset updates every 30 seconds. Moreover, the mobile app is approachable for all users, particularly beginners, as it facilitates easy navigation and staking at up to 16% APY.
Withdrawal fees are inconsistent; however, the 150 country reach alongside 24/7 support expands its allure.
Its focus on asset variety and low-cost services positioned it as a strong rival to Coinbase and other expensive platforms. Coinbase remains a pricier platform on the market.
Uphold Features
- Diverse Asset Support: Trades over 260 cryptocurrencies, 27 fiat currencies, and precious metals.
- Transparent Reserves: 100% reserve model with asset data updated every 30 seconds.
- Staking Rewards: Offers up to 16% APY on select cryptocurrencies, appealing to long-term investors.
- Mobile-Friendly: Intuitive app supports seamless trading and portfolio management on the go.
- Global Reach: Accessible in 150 countries with 24/7 customer support for quick issue resolution.
4. BTCC
Operating since 2011, BTCC is regarded as one of the oldest exchanges. The exchange is best known for its spot-free trading, which is done at 0.025% maker and 0.045% taker for futures; they can even drop to 0.01% and 0.007% for SVIP5-tier traders.
BTCC is available in more than 100 countries and offers easy registration as well as multi-lingual support, making it one of the most accessible trading platforms. The exchange also offers a VIP program to reward high-volume users, making BTCC cost-effective.
The platform features cold storage, as well as multi-signature wallets. Compared to Binance, BTCC does not seem to offer advanced features. Global access and affordability make BTCC a leading option for futures traders on a budget.
BTCC Features
- Simple Sign-Up: Fast registration and multilingual assistance serves global users.
- Low Futures Fees: Starts at 0.025% (maker) 0.045% (taker) and VIP up to 0.007%.
- Long Standing Platform: Provided crypto trading services since 2011, demonstrating reliability and experience.
- VIP Program: Offers down rates and mentorship for exclusive high-volume trading.
- Security Features: Cold storage and multi-signature wallets offer robust asset protection.
5. Kraken
Established in 2011, Kraken is a leader in security alongside affordability, charging 0.25% (maker) and 0.4% (taker) for spot trading, with fees reduced to 0% for high-frequency traders.
With over 200 cryptocurrencies offered, it has some advanced features like margin and futures trading. Best of all, Kraken has never been hacked, so they offer strong cold storage, two-factor authentication, and other excellent security.
Its streamlined interface is ideal for beginners, and Kraken Pro serves advanced traders with real-time charts. Fiat on-ramps and high liquidity reduce slippage. Kraken is globally reliable and cost-effective for traders, though some deposit methods incur fees.
Kraken’s transparent fee structure, along with other exchanges the trader uses, compliance with international regulations makes it a trustworthy exchange in the industry.
Kraken Features
- Top Tier Security: Capped with never being hacked, cold storage, two-factor authentication and compliant to other regulations.
- Low Trading Fees: Spot fees begin at 0.25% (maker) and 0.4% (taker), can be reduced to 0% at high volumes.
- Advanced Trading Tools: Pros have access to margin trading, futures and real-time charting with Kraken Pro.
- High Liquidity: Over 200 cryptocurrencies with large trade minimal slippage.
- Fiat On-Ramps: Deposit funds through bank transfers, making it easier for new traders to start.
6. Gemini
Founded by Winklevoss twins in 2014, Gemini exchange claimed to have security and regulatory compliance as priorities. They operated in all 50 states in the U.S. Their ActiveTrader offered competitive fees starting from 0.2% for makers and 0.4% for takers.
There were no additional fees for withdrawals aside from network charges. Gemini supported approximately 70 cryptocurrencies, which while on the smaller side included major assets like Bitcoin and Ethereum.
Other notable features included Gemini Earn and a rewards credit card in crypto. The interface is intuitive and beginner-friendly, with advanced charting features for professionals.
Users can trust the exchange because of regular security audits, cold storage, and enhanced trust, though cost-focused traders may be put off by higher fees compared to Binance.
Gemini Features
- Regulatory Compliance: Operates in all 50 states of the US, giving them trust and legal authority.
- ActiveTrader Platform: Offers advanced trading as well as low fees of 0.2% and 0.4% for makers and takers respectively.
- Gemini Earn: Allows users to earn interest on their crypto holdings.
- Security Audits: Multi-signature wallets, cold storages, and regular audits protect assets.
- Crypto Credit Card: Users gain up to 3% crypto cashback on their purchases.
7. Binance
Founded in 2017, Binance is the world’s largest crypto exchange by trading volume and offers more than 600 cryptocurrencies. Its spot trading fees are some of the lowest in the industry at 0.1% for both makers and takers and can be reduced further when paid with their BNB token.
Futures fees are charged at 0.02% (maker) and 0.065% (taker) which are very low. In addition to blockchain-based trading and staking, Binance also offers NFTs and margin trading, making it a one-stop shop for all levels of traders.
With a $1 billion insurance fund and 1:1 asset backing, security is also assured. Its presence in many countries is an advantage, although the interface is geared to more experienced traders, the low fees and high liquidity make it ideal for beginners.
Binance
- Global Presence: Has users from many countries and has an easy to use platform for all levels of traders.
- Largest Trading Volume: Provides unmatched market depth and access to trade over 600 cryptocurrencies.
- Low Fees with BNB: Spot trading at 0.1% with the use of Binance coin for payment reducing costs further.
- Diverse Features: Allows margin trading, futures trading, staking, NFTs, and more.
- Security Fund: User funds are further protected by 1 billion dollar SAFU fund and 1:1 asset backing.
8. Bitstamp
One of the earliest European exchanges, BitStamp was founded in 2011 and has built trust among users. Its supports about 70 cryptocurrencies which is less than what Binance offers, but for most traders this should be enough.
Bitstamp is known for its strong security features, as they use cold storage, multi-signature wallets, and are regulated by the FCA in the UK. The platform is intuitive for beginners, and OTC trading is useful for institutional traders.
Withdrawal fees differ by currency, but spot trading fees are lower for small volume traders. Overall, Bitstamp is reliable and very low risk, and their decade-long hack-free record makes them a solid option, while the limited coin selection will be a disadvantage for altcoin enthusiasts.
Bitstamp Features
- Long-Standing Reputation: An FCA regulated business since 2011 with no hacks.
- Competitive Fees: Fees start at 0.5% for low-volume trades and get better with volume.
- Institutional Support: Offers OTC trading and custody services for large investors.
- Safety Protocols: Security is guaranteed by cold storage, multi-signature wallets, and regular audits.
Conclusion
To sum up, the most effective cryptocurrency exchanges with low fees have several favorable features for novice and professional traders alike.
With ultra-low fees, Binance and Bitget lead the pack; meanwhile, platforms like Kraken and Gemini offer discounted advanced trading fees on their more sophisticated platforms.
The exchange selected will depend on trading volume, assets of interest, and other services required.
