When picking out the right crypto exchange platform for yourself, there are many different factors that need to be taken into consideration. Security, coin support, transaction speed, and so on - all of these things are important. That said, though, today, we’ll be taking a look at the list of the cheapest cryptocurrency exchanges.
What does the “cheapest” stand for, you may ask? Simple - exchanges that have the lowest fees on the market. In other words, we’ll discuss 11 options of crypto exchange platforms that will take away the least amount of money from your transactions.
With that though, it’s worth mentioning that there are other things to keep in mind with the list below, too. Let’s get the details out of the way, first.
Cheapest Cryptocurrency Exchange: Things to Keep in Mind
So, the cheapest cryptocurrency exchanges - seems pretty self-explanatory, right?
To an extent, it is - but, as with most things in life, things are more intricate than they might appear at first glance.
Having the option to trade cryptocurrencies on the cheapest crypto exchange might be great, but you should always keep in mind the fact that there’s more to it than that. Specifically, I’m talking about one, single factor - security.
Even if you manage to find an exchange that takes away a 0% cut from your crypto trade (which is, admittedly, possible), if it lacks in the security department, you might actually “get taxed” more than on some of the more-expensive exchanges - in other words, all of your crypto assets might be stolen during or after the transaction.
While it does, admittedly, sound rather scary, that’s the harsh reality of it all - whenever dealing with anything related to crypto, you should always be extremely cautious.
That being said, though…
There are many cryptocurrency exchanges with lowest fees out there that are also actually really safe and secure. Assuming that you’re having trouble picking out the best one for yourself, this is what this list is here for, in the first place - without any further ado, let us talk about the 11 cheapest cryptocurrency exchanges on the current market.
1. Binance - Up to 0,1% in Fees
Ranks #1 out of 10 Crypto Exchanges
- + A very well-known crypto exchange platform
- + More than 500 different cryptos available
- + Two-factor authentication
- + P2P trading option
- + Emphasis on security and KYC
- + Supports fiat-crypto acquisitions
- - Might be a bit difficult for beginners
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If you’ve ever heard about cryptocurrency trading, in general, you’re probably aware of a company called Binance. Undoubtedly, it’s one of the most well-known and used crypto exchanges on the market.
Coincidentally (or is it?), it’s one of the cheapest cryptocurrency exchanges, too.
Binance employs fees that reach up to 0,1%. Note the “up to” part - simply put, this means that the fees are usually going to be much lower than that (in most cases, the will sway around 0,05%).
Is Binance the crypto exchange with the lowest fees out there? Well, it’s certainly part of that group, yes! A 0,1% fee (worst-case scenario) is actually amazing!
On top of having some very cheap transaction fees, Binance is also very secure. The exchange employs a 2FA system (two-factor authentication) in order to ensure optimal log in security measures, and has some advanced crypto security features, too.
If you’re looking for a cryptocurrency exchange with the lowest fees in order to start trading crypto coins, you’ll also be quite happy to hear that Binance has some of the better (higher) trading volumes out of all of the ‘mainstream’ crypto exchanges out there.
What does that mean, exactly? Well, it simply means that there’s a healthy amount of competitive prices to be had on the exchange platform in question - definitely some good news for any wannabe trader!
2. Coinbase - From 1,49% up to 3,99% in Fees
Ranks #2 out of 10 Crypto Exchanges
- + Fiat currencies - accepted
- + Simple to use
- + Accepts only the most trustworthy cryptocurrencies
- + Very secure
- - Not available in all countries
- - Some of the less-known coins aren't supported
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As you can probably tell from the title, Coinbase is a pretty big jump when it comes to fees, especially when compared to other exchanges on this particular list.
Naturally, you would probably not call Coinbase the “cryptocurrency exchange with the lowest fees”. If so, though, why is it on this list?
Because of a pretty simple reason, actually - Coinbase offers its users an amazing compromise between fee expenses and UX - user experience.
You see, as noted in the heading, Coinabase’s fees range from 1,49% up to 3,99%, depending on the region you are located in, the amount of crypto that you’re trading, whether you’re the sender or receiver, and so on. Naturally, those fees are quite high - there’s no denying that.
Having said that, though, Coinabse offers its users amazing usability features, and ensures top-tier security.
The exchange itself is very simple and straightforward, utilizing a minimalistic design. This is great for beginner traders, since you won’t be overwhelmed with a load of different, advanced features.
Finally, it’s also worth pointing out that Coinabse has some great customer support. Users report that, whenever they’d encounter some troubles, the support would always be very helpful and friendly - definitely nice to know!
3. Kraken - From 0% up to 0,26% in Fees
Ranks #3 out of 10 Crypto Exchanges
- + Secure and reliable
- + Low fees
- + A good amount of fiat currencies accepted
- - Not the most helpful customer service
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Same as many other names on this cheapest cryptocurrency exchange list, Kraken is a very well-known crypto asset trading platform that has built itself a long-lasting reputation of being both reliable, and offering its users some surprisingly-good fees.
Addressing the Kraken in the room (I’m sorry), you can expect the fees of this cryptocurrency exchange to range anywhere from 0% up to 0,26%, depending on a few different factors.
That’s right - 0% fees are available, too, but you’ll have to be trading some very low amounts of cryptocurrency.
That being said, 0,26% is still a very good fee option! The amount of crypto you’d lose to payment is minuscule, and Kraken’s high-trading volumes should ensure your peace of mind even further!
General reputation-wise, as mentioned above, Kraken isn’t only popular for being a cryptocurrency exchange with lowest fees - it’s also considered to be a very secure space to trade crypto coins, too.
Also, Kraken supports over 150 different cryptocurrency assets, tokens included. You’ll find all of the main, most well-known crypto coins on the exchange in question - granted that you can even buy the coins via a bank transfer, this surely makes the exchange a very conveniant place to trade cryptocurrencies!
Did you know?
Compare Crypto Exchanges Side by Side With Others
All Crypto Exchanges may look similar to you but they're NOT all the same!
Yes! Show me the Comparison Chart4. KuCoin - From 0,0125% up to 0,1% in Fees
Ranks #4 out of 10 Crypto Exchanges
- + Anonymous trading
- + Secure
- + Supports a variety of cryptocurrencies
- - Low trading volume
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KuCoin is one of the older exchanges on this list - founded and established in 2017, the platform has survived the legendary "Crypto Winter" of 2018, and has managed to build a strong community backing, in the meantime.
While the exchange has a variety of different points that might appeal to its clients, I'm happy to say that trading fees are, in fact, one of those points. KuCoin has some of the lowest fees in the industry!
Both market makers and takers start out with a 0,1% trading fee. However, same as multiple other platforms on this "Cheapest Cryptocurrency Exchange" list, as you trade and exchange cryptocurrencies on KuCoin, your fees will get lower, as well (depending on the thresholds that you reach).
The lowest that you can get your trading fees to is 0,0125% for market makers, and 0,03% for market takers. These are amazing numbers, and they do definitely put KuCoin on the radar, for any small exchange fee hunters out there!
As mentioned earlier, KuCoin is an established and well-respected exchange. The fact that it comes equipped with some low fees is definitely much appreciated!
5. Bybit - Trading Fees of Up to 0.1%
Ranks #5 out of 10 Crypto Exchanges
- + Very low trading fees
- + Exceptional functionality
- + Mobile trading app
- + Helpful customer support
- + Up to 100x leverage
- - Might have a steep learning curve
Bybit started out as a derivatives-exclusive crypto exchange. At this point in time, however, the platform has a thriving spot market, and allows its users to trade, exchange, deposit and withdraw a few different cryptocurrencies. That being said, straight off the bat - if you’re looking for derivates trading functionality, Bybit is a good place to start.
That being said, functionality and feature variety isn’t exactly the main focus of this list. Instead, let’s take a look at what makes Bybit one of the cheapest cryptocurrency exchanges.
The exchange utilizes a tier-based fee model. Meaning, there are a few different tiers that you might fall into, during your trading ventures on Bybit (depending on how much crypto it is that you trade). In total, there are 7 tiers, ranging from “Non-VIP” to “Pro 3”.
The very basic level - Non-VIP - will yield trading fees of 0.1%, for both market makers and takers. These are actually the highest fees that you’ll come across, with Bybit - that’s already some really good news, in itself!
Moving down the tier list, if you’re active enough on the exchange, and trade bigger sums of crypto, you could go down to as low as 0.02% and 0% fees, for market takers and makers, respectively. This does, without a doubt, make Bybit one of the cheapest cryptocurrency exchanges on the market!
Note, though, that these numbers apply to trading on the Spot market. If you’re interested in perpetuals and futures, the numbers are going to be a bit different - the general ballpark, though, would remain the same.
6. Bitfinex - 0.1% - 0.2% Market Maker & Taker Fees
Ranks #6 out of 10 Crypto Exchanges
- + More than 170 crypto assets to trade with
- + Supports fiat deposits
- + Advanced trading tools
- + Small fees
- + Highly-improved security features
- - Controversial past
- - Might not be suitable for beginner traders
Bitfinex is a crypto exchange that’s often associated with advanced crypto trading features. This is because the platform, as a whole, is catered more towards professional traders - this is mostly true in regards to the feature variety that Bitfinex employs.
As of writing this, the exchange in question supports over 170 different crypto coins and tokens, and utilizes a large number of trading pairs between them. Traders can also enjoy some industry-leading security features, fiat deposits, and some other benefits associated with high-level crypto exchanges.
Naturally, since this is a list of the cheapest cryptocurrency exchange, you can probably imagine that Bitfinex fees are also very notable, as well.
Specifically, the market maker and taker trading fees on Bitfinex are 0.1% and 0.2%, respectively. These fees apply to crypto-crypto, crypto-stablecoin, and crypto-fiat trades.
Not only are these numbers quite below the industry average, but it’s not too common to find exchanges that would employ the same numbers for crypto-crypto and crypto-fiat trades, as well!
Naturally, though, these are just the base fees - traders can reduce them even more, depending on the volume of crypto that they trade on the exchange. Market maker fees could go to 0%, while taker - to as low as 0.055%!
7. Bitstamp - From 0,05% up to 5% in Fees
Ranks #7 out of 10 Crypto Exchanges
- + Helpful customer support
- + Fiat payments are accepted
- + Reliable and established
- + Low trading fees
- - Not the best option for beginners
- - Small number of supported cryptos
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Bitstamp does probably possess the broadest range in fees out of all of the cheapest cryptocurrency exchanges mentioned in this article.
Analyzing the “0,05% - 5%” fee range, it’s safe to say that, if you land on the lower end of the fee spectrum, you can be sure that Bitstamp is surely a crypto exchange with the lowest fees. If, however, your transaction falls more towards the “5%” part, well… That’s very expensive!
But what about the platform itself? Regardless of the “cheapest cryptocurrency exchange” debate, it’s safe to say that Bitstamp is among the more-respected crypto trading platforms in the current industry. While the company did have some ups and downs, generally speaking, it would seem that the public perception surrounding them is actually very good.
Bitstamp is secure and very beginner-friendly. If you’re not looking to trade a whole lot of cryptocurrencies, and are simply interested in learning more about the process, it’s definitely an exchange worth checking out!
8. Huobi - A Base Fee of 0.2%
Ranks #8 out of 10 Crypto Exchanges
- + Very low fees
- + User-friendly interface
- + Most crypto assets are stored offline
- + 24/7 customer support
- - Only crypto assets available to be exchanged
- - Not regulated
Huobi is a veteran cryptocurrency exchange that’s been around for around ten years. Founded and established in 2013, the platform survived multiple crypto winters, and has come out on the other side as both one of the cheapest crypto exchanges, as well as one of the easiest to use, in general.
Huobi features a very user-friendly interface - if you’re a beginner in the field, and are looking for your very first crypto exchange, Huobi will allow you to both trade all of the main crypto coins and tokens that you’ve heard about, as well as do so in a simple and straightforward manner.
To add to that, the exchange features 24/7 customer support - something that’s become extremely valuable with modern-day crypto service platforms. Thus, no matter what kind of questions you might have, or troubles you might face, there will always be support agents on the other side, ready to help you!
Fee-wise, for “normal” traders, Huobi employs a base fee of 0.2% (for both market makers and takers, alike). The more Huobi tokens (HT) that you hold on your account, the lower you will be able to make these fees go, too.
Professional traders have different fee levels that they can access, depending on how much volume of crypto they trade in a 30-day period, in BTC, as well as the amount of Huobi tokens that they hold.
All in all, Huobi is certainly one of the cheapest crypto exchanges on the current market!
9. CEX.IO - From 0% up to 0,25% in Fees
Ranks #9 out of 10 Crypto Exchanges
- + Easy to figure out
- + Different trading pairs
- + Great support
- - Might lack coin options
CEX.IO is one of those crypto exchanges that keep popping up here and there, but is still sometimes forgotten when talking about the best and cheapest cryptocurrency exchanges. Well, I’m here to tell you - that should not be the case.
Cex is an amazing crypto trading platform - it’s used by many people, and most of the reviews regarding it are more-than-positive.
You’ll notice how much the platform cares about the safety and well-being of your crypto coins as soon as you register and first log in to the site. 2FA, email notifications, and so on - Cex really does a good job of informing you about any and all login attempts, no matter if they’re made from a trusted device or not.
Fee-wise, Cex is also right up there with the other “big players” - the platform’s fees range from 0% up to 0,25%, which is very similar to those found with Kraken. Also, same as with Kraken, Cex’s fees are very favorable for any and all aspiring cryptocurrency traders.
10. Coinmama - From 0,99% up to 3,9% in Fees
Ranks #10 out of 10 Crypto Exchanges
- + High levels of security
- + Helpful customer support
- + User-friendly platform
- + Available in 188 countries, and most US states
- + Accepts credit/debit cards
- - No way to call the support via phone
- - Limited amount of cryptocurrencies
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Coinmama is one of the best-known names in the cryptocurrency exchange industry. Having a multi-year reputation as one of the most-reliable crypto exchanges, Coinmama has a lot to offer to its users!
At the top of the list, if you choose Coinmama as your go-to exchange, you can expect a beginner-friendly interface, fiat payment acceptance, top-tier security, and multiple other features.
As far as our list of the cheapest cryptocurrency exchanges goes, though, you're probably most interested in the fee side of the platform. Well, with Coinmama, the fees are going to range from 0,99%, all the way up to 3,9%.
The actual fees will depend on multiple different factors - how much crypto it is that you're trading, your loyalty level with the exchange, your chosen trading and (or) payment methods, and so on.
While Coinmama's fees aren't the *lowest* you'll come across, the exchange makes it up by providing its users with convenience, reliability, and a wide selection of additional features. On top of that, as you increase your loyalty level with the platform, you can expect the fees to go down, towards the lower end of the spectrum!
Conclusions
So - that’s it! At this point, you should be aware of the 11 cheapest cryptocurrency exchanges, and all of the major pros and cons associated with them.
Allow me to reiterate a point made earlier on in the article, though - security should always be one of your primary concerns when picking out the best crypto trading site for yourself.
Think about it this way - if you purchase some cryptocurrency at a 0% fee, you’re probably going to be ecstatic because of the fact that you did not have to overpay even a single dime, right?
Well, yes, but if you would do so on a shady “cryptocurrency exchange with the lowest fees”, a couple of days later, you might find that all of your crypto coins were cleaned form your wallet.
Not really worth it, now, is it?
Frankly, that’s the reason why, even if you’re looking for the cheapest cryptocurrency exchange, security should still be at the top of your priority list. Without proper security, you risk losing all of your crypto savings - it’s always better to pay a bit more, but remain assured that your assets are all safe and sound!
With that, though, I hope that this list was useful to you, and that you managed to find the best, cheap cryptocurrency exchange that would suit your own, personal wants and needs.
Until next time!
Other Crypto Exchanges In This Category
Here are other crypto exchange related to the category but not as favoured by BitDegree.org Crypto Exchanges readers yet. In my personal opinion, today there are much more optimal crypto exchange in the list with the higher rating that I'd recommend for the same price range or less.
Poloniex - 0% up to 0,125% in Fees
- + U.S. company
- + No verification needed
- + Low trading fee
- + Good customer support
- - Hacked in 2014
Poloniex is surely one of the more interesting cryptocurrency exchange platforms on this list. While it can be named a crypto exchange platform with lowest fees, it’s also an exchange that has some… Questionable past, too.
Let’s take it a step at a time, though.
The fact that Poloniex offers its users a fee that ranges anywhere from 0% up to 0,125% is great - that automatically makes the crypto exchange platform one of the cheapest crypto exchanges on this list. If cheap fees are solemnly what you’re after, then sure - Poloniex is a great choice.
Having said that, though…
Poloniex has a history of being hacked - namely, a breach of security occurred in 2014 that swept away a huge portion of the Bitcoin that was present on the exchange. While some minor hacking attempts (and successes) are easier to look past, such major hacks should always be taken into consideration, whether you’re looking for the cheapest cryptocurrency exchanges, or something else.
That aside, Poloniex is still seen as a decent crypto exchange platform, even with the earlier-mentioned stain on its reputation. The platform requires no verification (unless you plan to trade some high amounts of crypto), is simple to use, and provides decent customer support if needed, too.
All in all, a platform worth looking into, especially if you’re on the lookout for the cheapest cryptocurrency exchange!
eToro - 1% Cryptocurrency Buying / Selling / Trading Fee
- + Copy trading service available
- + A variety of cryptocurrencies to choose from
- + Beginner-friendly
- - Withdrawals can be slow
- - Slow verification process
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro is a bit of an interesting pick, as far as this list of the cheapest cryptocurrency exchanges is concerned. Allow me to explain.
If you were to look purely at the trading fees available with the platform in question, they wouldn't really tell you the whole story. That's because eToro claims to employ a 1% fee on all of its cryptocurrency transactions.
1% is decent, but it's far from being as low as with some other exchanges on this list!
That being said, 1% is still pretty good, when compared to some other exchanges out there, in the industry. This is especially true when you consider the fact that eToro isn't exactly a "traditional" crypto exchange - instead, the platform offers its clients the ability to trade different financial assets, in addition to having features such as copy-trading and ETF support.
All in all, if you're looking for an alternative way to trade crypto, and want to do it on one of the best-known platforms in the financial asset trading industry, eToro is worth checking out!
Gemini - Fees Start at 0,5%
- + Strong security
- + US dollar accounts are ensured
- + Easy-to-use
- - Limited selection of cryptocurrencies
- - Requires lots of personal information
- - Sometimes can go offline
Gemini is a rather well-known cryptocurrency exchange. The platform is regarded as one of the safer and more-reliable exchanges in the industry - that's surely a good thing.
However, how does Gemini fair in regards to being one of the cheapest cryptocurrency exchanges out there? Well, to put it short, the exchange offers a balance between trading fees, as well as security features and reliability.
Gemini's fees start at 0,5%. Meaning, the minimum fee that you'd pay will be 0,5%, no matter hat type of a cryptocurrency you might be trading. Naturally, these fees can go up higher - specifically, they may reach 1,49%, if you're trading one cryptocurrency for another.
Purchasing cryptos with fiat money, you will need to pay a fee of up to 3,99%. This, however, is pretty standard, since fiat-crypto purchases are always a bit more expensive.
Even with the trading feef ranging between 0,5% and 1,49%, it's actually pretty decent! This is even more so true when you keep in mind the fact that Gemini is reliable and well-established, and that the platform offers it's users a wide variety of various additional benefits, too!
Bittrex - A Fixed 0,25% Fee
- + Very secure
- + Small, fixed fees
- + Fast exchanges
- + Wide variety of crypto and fiat currencies
- - Some user complaints regarding support
- - May be somewhat difficult for a beginner
- - Not available in the US since May 2023 (Chapter 11 bankruptcy)
Bittrex is often regarded as one of the safest crypto exchange platforms that you could use. Coincidentally, it’s also one of the cheapest cryptocurrency exchanges, too!
The thing that makes Bittrex stand out of the crowd when it comes to the topic of security is the fact that the exchange keeps the vast majority of the crypto assets on cold storage devices - offline wallets that are considered to be among the safest form of crypto storage possible (apart from paper wallets).
The only somewhat-notable issue that some users of the platform express is the fact that Bittrex might be somewhat difficult to use, especially if you’re a complete newcomer to the industry.
When it comes to the platform being one of the cheapest crypto exchanges, though, Bittrex offers a fixed 0,25% fee to its users. All things considered, that’s actually pretty good! It rivals the fees of some other crypto exchanges on this list, and is surely in-line with the term “cheap”, too.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
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