A lowest fee crypto exchange will not only have a transparent fee structure but several other factors that are important to take note of as well. However, the fee charged by an exchange holds quite the significance, especially for people who are new to the crypto space.
There are several platforms in the crypto market that include hidden and additional charges in their fee structures. Using such an exchange can be unsafe for you as you cannot be sure regarding its trustworthiness. On the other hand, a platform that focuses on offering a secure and convenient experience for novice parties and experts to buy, sell or trade digital assets will offer a good and transparent fee structure as well.
If you are also new to the crypto world and you want to find the crypto exchange with lowest fees then you should know the details of some of the best platforms in terms of fee structure. In no particular order, here is what you should know about some of the popular crypto exchanges that charge a low fee.
Check Bitcoinsensus reviewed crypto exchanges with lowest fees.
One of the Lowest Fee Crypto Exchange is PrimeXBT
PrimeXBT is one of the most popular cryptocurrency exchanges all around the globe and it is not only known for its fee structure but several other factors as well.
One of the most important factors is that it has a Covesting feature that allows people to copy trade. By using this feature people who are new to crypto trading can copy the trades of the experts and get the same outcome as the trader they copy.
The novice traders can also access hundreds of trading strategies that can help them in trading any of the chosen digital currencies. It offers impressive customer support that is available around the clock.
In terms of fee structure, here is why PrimeXBT is one of the lowest fee Bitcoin exchanges:
- The trading fee for indices and commodities is 0.01%
- Trading fee for digital currencies is 0.05%
- Trading fee for Forex majors is 0.001%
Bybit Exchange
Bybit is one of the lowest fee crypto exchanges you are likely to come across when you step into the crypto space. It is a well-known and popular trading platform, especially among the margin traders.
Bybit is known to charge one of the lowest and competitive fees in the market, without including any additional charges. It is a trustworthy platform that also prioritizes the safety and satisfaction of the users by making use of advanced security systems and 24/7 customer support.
Similar to other crypto exchanges, Bybit also follows the market maker and taker model. According to that, here is the fee structure of one of the cheapest crypto exchanges.
- Market maker fee: -0.025%
- Market taker fee: 0.075%
Binance Exchange
Popularly known as the largest crypto exchange in the world, Binance is also one of the lowest fee crypto exchanges. As compared to its competitors in the market, the Binance exchange charges an impressive and transparent fee structure.
The Binance exchange also follows the market maker and taker model. Here are some of the fee charges you should know about if you intend on using Binance for crypto investing or trading.
- Market taker fee: 0.04% to 0.1%
- Market maker fee: 0.02% to 0.1%
- No direct deposit or withdrawal fee for fiat currencies
- General withdrawing fees ranges from $1 to $15
Phemex Exchange
Launched in 2019, Phemex is one of the latest crypto exchanges or a Bitcoin derivatives exchange. It is quite popular and well-known for its user-centric approach. It offers impressive trading services and products to the users, which makes it a stand out platform among its competitors.
It is one of the lowest fee Bitcoin exchanges that also follows the market maker and taker structure. There are other details regarding the fee charged by the Phemex exchange that you should know.
- No fees on making deposits
- Moving funds in your wallet will cost you nothing
- 0.075% is the market taker fee
- -0.025% is the market maker fee
BitMEX Exchange
One of the lowest fee crypto exchanges in this list is the BitMEX exchange. This platform is known for offering impressive trading opportunities to the users. It has caught the attention of a large audience, thanks to its competitive and transparent fee structure.
There are no hidden charges included in BitMEX’s fee structure and it follows the market maker and taker structure as well.
Here are the details of one of the cheapest crypto exchanges:
- Market taker fee: 0.0750%
- Market maker fee: 0.0250%
Final Takeaways!
The lowest fee crypto exchange that also matches all your other trading requirements and criteria is the most suitable platform for you. However, in order to find such a platform you need to have some basic and relevant information about crypto exchanges in the market. Therefore, as a potential crypto trader you need to know the details mentioned above.