The lowest fee crypto exchanges in the market offer several other impressive features as well. However, the fee charged by an exchange is one of those aspects that highlights the platform and undoubtedly brings a lot of attention to the exchange.
Some crypto exchanges charge a fee based on the amount that is deposited, traded or withdrawn. This is because different platforms have different sets of rules and requirements.
Such complexity can make it difficult for a first-timer to identify which exchange is the most suitable for them to buy, sell, hold or trade cryptocurrencies. Therefore, here are some of the crypto exchanges with lowest fees you should know about. You can see their features mentioned here and analyze them to make an informed decision.
Lowest Fee Crypto Exchanges Include Binance
Binance is not only one of the exchanges that charges a low fee but is also prominent for numerous other reasons. One of the reasons behind its popularity is that it is the largest crypto exchange in the world. It is known to have one of the lowest fees in the crypto market, which is why it is at the top of the list for many crypto investors and traders.
Binance charges a purchase fee based on the market maker and taker structure. According to that:
- Maker fee is 0.0750% to 0.0525%
- Taker fee is 0.075% to 0.0525%
The crypto exchange takes pride in offering services to over 100 million people in over 180 countries. It supports around 150 digital assets including the top cryptocurrencies such as Bitcoin and Ethereum. It also has a native token called the Binance Coin (BNB).
There are diverse payment methods supported by the exchange and high-end security systems used to secure the funds of the users. Therefore, if you are interested in looking for the cheapest crypto exchange then this could be a suitable option for you.
Based in Canada, CoinSmart is one of the lowest fee crypto exchanges you should know about. It takes the security of its users’ funds very seriously and offers impressive customer support around the clock. There is a detailed identity verification process that reduces the possibilities for hackers to access the exchange or accounts of the users.
It supports multiple funding methods and also has features that make it easy for the users to track their trades and trading activities. The fee structure of the CoinSmart you should know about includes:
- Bank Wire and Draft – 0% fee
- Credit or debit cards – 6% fee
- Electronic funds transfer – 1% fee
People who have prior experience of investing in crypto assets can use CoinSmart’s feature of Advanced Trade. It also has several other impressive features, which makes it a suitable option for you.
PrimeXBT is one of the cheapest crypto exchanges you are likely to come across if you decide to step into the crypto space. It is one of the top trading platforms in the market and offers access to numerous global markets. It offers support around the clock and makes crypto trading easier and convenient for beginners and experts alike.
It is one of the lowest fee crypto exchanges, which you can know about in detail:
- You can open your account free of charge
- You can open different types of accounts depending on the trading conditions
- For crypto assets, you will be charged 0.05% trading fee
- For commodities and indices, you will be charged 0.01%
- For Forex majors, you will be charged 0.001%
This exchange is not only known for its low trading fee structure but also because it offer fast order executions. There are some advanced features and trading tools available for the users as well.
One of its most outstanding features is that it offers a Covesting feature for the new crypto traders. PrimeXBT Covesting focuses on enabling users to avail the option of copy trading.
As the name suggests, copy trading means mimicking the trades of professionals without any manual effort. In such a case, your account will act the same way as the expert trade you choose to copy.
If the trader enjoys a profit so will you and if there is any loss, it will be applicable to you as well.
Therefore, all novice parties that look for a crypto exchange with lowest fees should also consider using such platforms that make crypto trading easy for them.
The lowest fee crypto exchange that also focuses on offering security, high-end services and more, can be considered as a good option for you. However, you need to know about your possible options and their details so you can choose a suitable platform with minimum inconveniences. Therefore, whether you are a new crypto investor or not, you should know the details mentioned above.