If this is your first time diving deep into the world of trading cryptocurrencies, or if you are an expert just looking for a platform that gets you better fees, then this article is perfect for you. This is due to the fact that today, we will be exploring the best cryptocurrency exchanges out there, which offer some of the lowest fees in the industry.
Top 5 Low-Fees Exchanges for Crypto
Each cryptocurrency exchange will have its own fees in terms of a taker fee as well as a maker fee each time exchange of cryptocurrencies is conducted within the platform in question. This is the business model that a majority of exchanges out there follow. Here are the five best cryptocurrency exchanges which will provide you with some of the lowest fees on the market.
Crypto.com offers 0% fees on buying crypto with a credit card for the first 30 days for new users, which is by far one of the main reasons why it’s at the top of this list. Additionally, it is one of the most popular and most well-established exchanges. In terms of its fees, the maker fees are at 0.4%, while the taker fees are also at 0.4%. However, there is a 2.99% additional fee for credit card purchases after the first 30 days. Note that when a user stakes the CRO cryptocurrency token, you can get an additional 10% discount on these fees.
Binance is a cryptocurrency exchange that offers over 500 tokens for users to pick from and was established in 2017. The main reason as to why this exchange specifically has seen a high level of growth is due to the fact that it has a maker and a taker fee of 0.1%. However, this fee goes even lower, as all users of the Binance Coin (BNB) can get a discount of 25%, which lowest it to 0.075%.
eToro is one of the oldest cryptocurrency exchanges on this list which was originally founded in 2007 and provides users with access to a selected range of cryptocurrencies. Each token has its own fees associated with it. However, they range from 0.75% to 2.90%, depending on the cryptocurrency in question. eToro is mainly used for contract-for-differences (CFDs) trading, which means that you do not directly own the cryptocurrency tokens, so keep this in mind.
#4 Coinbase Pro
Coinbase Pro is an advanced variation of the Coinbase exchange, which provides users with lower fees as well as access to a wider range of cryptocurrency tokens, where newer altcoin offerings are added on a consistent basis. Coinbase Pro has a taker fee of 0.50% and a maker fee of 0.50%. The exchange was founded in 2012 and currently offers over 1000 cryptocurrency assets.
Revolut is a cryptocurrency exchange that started offering cryptocurrencies in 2018 for the very first time but was initially founded in 2015. It allows users to buy, sell and send digital currencies through a variety of different plans. These include the Standard, Premium, and Metal plans. The standard plan has a fee of 2.5%, while the premium and metal plan has a fee of 1.5%.
What is the best Crypto exchange with low fees?
Crypto.com provides the most solid offering out of all cryptocurrency exchanges here due to the fact that it has a wide range of features, supports users from many countries, and offers 0% fees on buying crypto throughout the first 30 days, which makes it an exceptional choice for beginners.
What is the cheapest Crypto exchange?
The cheapest cryptocurrency exchange with the lowest fees is Binance, due to the fact that the standard fee starts at 0.1%, which can be additionally decreased to 0.075% as well through the utilization of the Binance Coin (BNB).
Why do different exchanges have different prices and fees?
Different cryptocurrency exchanges have different prices as well as fees due to their supply and demand. Additionally, it has to do with liquidity, as the trading volume can be massive on larger exchanges and lower on smaller exchanges, which can affect the supply.
Hopefully, now you have a better perspective about what the fees are like on each of the exchange offerings listed here. Keep in mind that, while having the lowest fee possible can be advantageous in terms of getting the most value out of each trade, you should also take into consideration the various features of each exchange, as well as the various promotions they have, as in some cases, these fees can drop to 0%.