Best Lowest Fee Crypto Exchange in 2024

In the fast-paced world of cryptocurrency trading, fees can quietly eat away at your profits, especially for active traders making frequent transactions.

With various exchanges offering different fee structures, finding a low-fee platform is essential for maximizing your returns.

Every aspect of trading costs to withdrawal and deposit fees affects your overall profitability.

In this guide, we’ll explore the lowest-fee crypto exchanges available today, highlighting platforms that combine cost-effectiveness with robust trading features so you can make informed decisions that align with your trading goals and budget.

Best Crypto Exchange With Lowest Fees

#1. Bybit

Bybit stands out as a popular choice for cryptocurrency traders seeking low fees. You’ll find their fee structure particularly appealing if you’re interested in futures trading.

For spot trading, Bybit charges a flat 0.10% fee for both makers and takers. This rate is competitive with many other exchanges in the market.

Where Bybit truly shines is in its futures trading fees. You’ll pay 0.01% as a maker and 0.06% as a taker.

These rates are among the lowest in the industry, making Bybit an attractive option for active futures traders.

Bybit offers a VIP tier system that can further reduce your trading costs. As your trading volume increases, you’ll qualify for higher tiers and enjoy progressively lower fees.

Here’s a quick breakdown of Bybit’s fee structure:

• Spot Trading: 0.10% (maker and taker)
• Futures Trading: 0.01% maker / 0.06% taker
• VIP Tiers: Fee discounts based on trading volume
• Withdrawals: Fixed fee per asset (e.g., 0.0005 BTC for Bitcoin)

You won’t pay any fees for depositing crypto into your Bybit account.

However, transaction fees may apply when using certain payment methods or currencies for fiat deposits.

Bybit’s low fees, especially for futures trading, make it a top contender among crypto exchanges.

If you’re an active trader focused on futures, you’ll find Bybit’s fee structure particularly advantageous.

 

#2. BingX

BingX offers competitive fees for cryptocurrency trading. You’ll find spot trading fees of 0.10% for both makers and takers, making it an attractive option for frequent traders.

For futures trading, the fees are even lower at 0.02% for makers and 0.05% for takers. This fee structure puts BingX among the most cost-effective platforms for derivatives trading.

High-volume traders can benefit from additional fee discounts, reducing their trading costs. This tiered fee structure rewards active traders on the platform.

BingX supports over 700 cryptocurrencies, giving you a wide range of trading options. You can diversify your strategies through spot trading, futures, and copy trading.

The exchange was founded in 2018 and has quickly gained popularity. It prioritizes security and transparency, crucial factors when choosing a crypto trading platform.

Withdrawal fees on BingX vary depending on the cryptocurrency you’re transferring. It’s important to check the specific fees for your preferred coins before making withdrawals.

BingX’s user interface is designed for both beginners and experienced traders.

You’ll find tools like automatic PnL calculation and grid trading to enhance your trading experience.

 

#3. Phemex

Phemex stands out as a crypto exchange focusing on derivatives and futures trading.

You’ll find competitive fee structures that make it an attractive option for traders seeking low-cost transactions.

Phemex offers a 0% maker fee and a 0.10% taker fee for spot trading. This means you can place limited orders without incurring any fees when they’re filled out.

When it comes to futures trading, the fees are equally competitive.

You’ll pay 0.01% as a maker and 0.06% as a taker. These rates position Phemex among the most cost-effective platforms for derivatives trading.

Phemex implements a VIP tier system based on your trading volume. As you trade more, you can unlock lower fees, reducing your trading costs.

It’s important to note that withdrawal fees vary depending on the cryptocurrency you’re transferring. Always check the current rates before making a withdrawal to avoid surprises.

Key benefits of trading on Phemex include:

• Zero maker fees on spot trading
• Low taker fees for both spot and futures
• Volume-based discounts through VIP tiers
• No minimum deposit requirements

Consider Phemex if you’re looking for a platform that combines low fees with a focus on derivatives trading.

Its fee structure can help you maximize your profits, especially if you’re a high-volume trader.

 

#4. MEXC

MEXC stands out as a cryptocurrency exchange offering low fees and a diverse selection of digital assets.

You can trade over 1,700 tokens and 2,600 trading pairs on this platform.

For spot trading, MEXC charges a flat 0.20% fee for both makers and takers. This rate applies across all trading pairs.

Futures trading on MEXC comes with even more competitive fees:

• Maker fee: 0.02%
• Taker fee: 0.06%

These rates make MEXC an attractive option for frequent traders and those dealing in larger volumes.

MEXC implements a VIP tier system that can further reduce your trading costs. As your trading volume increases, you may qualify for lower fees.

The platform supports a wide range of deposit and withdrawal methods. Withdrawal fees vary depending on the cryptocurrency you’re transferring.

MEXC also offers:

• P2P trading
• Copy trading
• Demo trading for practice

With its robust transaction capabilities, MEXC can handle up to 1.4 million transactions per second. This ensures a smooth trading experience even during high-volume periods.

You’ll find MEXC’s user interface intuitive and easy to navigate.

The exchange provides localized support in over 170 countries, making it accessible to a global user base.

 

#5. Bitget

Bitget stands out as a crypto exchange with competitively low fees. You’ll find a straightforward fee structure for spot trading at 0.10% for both makers and takers.

For futures trading, Bitget offers even lower rates. You’ll pay just 0.02% as a maker and 0.06% as a taker. These fees position Bitget as an attractive option for frequent traders.

The exchange provides a VIP program to reduce your costs further.

As you trade more, your fees can decrease significantly. At the highest VIP levels, maker fees may drop to 0%.

Bitget supports over 450 cryptocurrencies, giving you plenty of trading options. You’ll also have access to copy trading features to mimic successful traders’ strategies.

Here’s a quick overview of Bitget’s fee structure:

• Spot Trading: 0.10% (maker and taker)
• Futures Trading: 0.02% (maker), 0.06% (taker)
• VIP Discounts: Available based on trading volume
• Withdrawal Fees: Vary by cryptocurrency

Remember, while Bitget’s fees are competitive, always compare them with other exchanges for your specific trading needs.

Withdrawal fees can impact your overall costs, so factor those in when choosing an exchange.

 

#6. KuCoin

KuCoin is a popular cryptocurrency exchange offering low fees and a wide range of trading options.

You’ll find a base spot trading fee of 0.10% for both makers and takers, making it competitive.

For futures trading, KuCoin charges even less. You’ll pay 0.02% as a maker and 0.06% as a taker.

These rates are among the lowest in the industry.

KuCoin offers additional ways to reduce your fees:

• Hold KCS tokens to get discounts
• Increase your trading volume for better rates

The exchange supports over 700 cryptocurrencies, giving you plenty of options to trade. This variety and low fees make KuCoin attractive to many traders.

KuCoin’s withdrawal fees vary depending on the cryptocurrency. For example, Bitcoin withdrawals cost 0.0005 BTC, which is lower than some competitors.

You can further lower your costs by:

1. Using KCS tokens for fee payments
2. Participating in trading competitions
3. Taking advantage of promotional offers

KuCoin’s fee structure and discount opportunities position it as one of the most cost-effective exchanges for cryptocurrency trading.

Whether a beginner or an experienced trader, you’ll find KuCoin’s fees competitive and potentially lower than many other platforms.

 

#7. Binance

Binance is a leading global cryptocurrency exchange known for its competitive fee structure.

You’ll find spot trading fees of 0.10% for both maker and taker orders, while futures trading fees are lower at 0.02% for makers and 0.04% for takers.

Using Binance’s native token, BNB can reduce your fees by up to 25%. This makes it an attractive option for high-volume traders looking to minimize costs.

The exchange offers tiered fee discounts based on your 30-day trading volume and BNB holdings.

As you trade more, your fees decrease, potentially reaching as low as 0.015% for spot trades.

Binance’s fee structure includes:

• Spot trading: 0.10% (maker/taker)
• Futures trading: 0.02% (maker) / 0.04% (taker)
• Fee discounts: Up to 25% off with BNB payments
• Volume-based reductions available

Withdrawal fees vary by cryptocurrency, with some coins offering free withdrawals during promotional periods.

Binance is particularly cost-effective if you’re a frequent trader or deal in large volumes.

The exchange’s deep liquidity and wide range of trading pairs enhance its appeal for cost-conscious crypto enthusiasts.

Remember to factor in withdrawal fees when calculating your total costs, as these can vary significantly between cryptocurrencies.

 

#8. OKX

OKX stands out as a significant player in the cryptocurrency exchange arena. You’ll find a diverse array of trading options available on this platform.

OKX charges 0.08% for makers and 0.10% for takers for spot trades. Futures trading comes with even lower fees at 0.02% for makers and 0.05% for takers.

OKX offers an appealing advantage for frequent traders. By holding OKB tokens, you can access discounted fees, making it an attractive choice if you trade often.

The fee structure at OKX is tiered, rewarding higher trading volumes with lower rates. This system can significantly reduce your costs as your trading activity increases.

You’ll find over 300 cryptocurrencies available for trading on OKX. This wide selection allows you to diversify your portfolio or focus on specific assets.

OKX also provides additional services beyond simple trading. You can explore DeFi options, stake cryptocurrencies, and engage with NFTs on the same platform.

Remember that withdrawal fees on OKX vary depending on the specific cryptocurrency you’re transferring.

To avoid surprises, checking these fees before initiating any withdrawals is wise.

 

#9. PrimeXBT

PrimeXBT offers crypto futures trading with meager fees. You’ll pay a flat 0.05% fee for both maker and taker orders on futures contracts.

This fee structure makes PrimeXBT particularly attractive for high-volume futures traders. The low costs can significantly impact your bottom line when executing frequent trades.

For crypto futures specifically, the fees are even lower:

• Maker fee: 0.01%
• Taker fee: 0.02%

PrimeXBT doesn’t offer spot trading but focuses on derivatives and CFDs. This specialization allows them to maintain competitive pricing for futures trading.

You can trade various asset classes on PrimeXBT:

• Cryptocurrencies
• Forex
• Commodities
• Indices

The platform provides leverage up to 100x for crypto trades, allowing you to amplify your potential gains (and losses).

Keep in mind that withdrawal fees apply. For Bitcoin withdrawals, you’ll pay 0.0005 BTC.

PrimeXBT offers additional benefits for active traders:

• Reduced fees for high-volume trading
• Advanced charting tools
• Multiple order types

If you’re looking for a low-fee platform primarily for crypto futures trading, PrimeXBT is worth considering. Its competitive fee structure and specialized focus make it a strong contender in the derivatives market.

 

#10. FameEX

FameEX is a newer cryptocurrency exchange offering competitive trading fees. You’ll find a straightforward fee structure with low rates, especially for futures trading.

For spot trades, FameEX charges a flat 0.20% fee for both makers and takers. This simplicity can be appealing if you’re new to crypto trading.

Futures trading on FameEX comes with even lower fees:

• Maker fee: 0.02%
• Taker fee: 0.06%

These rates make FameEX particularly attractive if you’re interested in futures markets.

FameEX also offers a VIP tier system. As your trading volume increases, you can unlock lower fees. This rewards active traders with more cost-effective transactions.

Withdrawal fees on FameEX vary depending on the cryptocurrency. It’s essential to check the specific fee for your chosen asset before withdrawing.

While FameEX may not have the lowest spot trading fees in the market, its combination of competitive rates across spot and futures markets makes it a solid choice for many traders.

The simple fee structure and potential for discounts through VIP tiers add to its appeal.

 

How To Choose Crypto Exchange With Lowest Fees?

Selecting a crypto exchange with minimal fees requires evaluating several key factors. These include spot trading rates, futures fees, withdrawal costs, and available discount programs.

Understanding how these elements impact your trading can lead to significant savings.

#1. Spot Trading Focus

When prioritizing spot trading, look for exchanges offering competitive maker and taker fees. Binance often leads with rates as low as 0.1% for regular users. Kraken and Bybit also provide attractive spot fees, typically under 0.2%.

Compare fee tiers across platforms. Some exchanges reduce fees based on your 30-day trading volume. Others may offer lower rates for using their native tokens to pay fees.

Check for any hidden costs. Some platforms advertise low trading fees but compensate with higher deposit or withdrawal charges.

#2. Futures Traders

For futures trading, focus on exchanges with low maker fees. Bybit stands out, with maker fees as low as 0.01% for some contracts. Binance and FTX also offer competitive rates for futures.

Pay attention to funding rates on perpetual contracts. These can significantly impact your profits over time. Some exchanges offer negative funding rates, essentially paying you to hold positions.

Look for platforms that offer fee discounts for high-volume traders. These can substantially reduce your costs if you’re an active futures trader.

#3. Withdrawal Considerations

Withdrawal fees vary widely between exchanges and cryptocurrencies. Bitcoin withdrawals can range from free to over $20, depending on the platform.

Consider your portfolio composition. If you primarily hold ETH, prioritize exchanges with low ETH withdrawal fees. For altcoin traders, check fees for your most frequently traded coins.

Some exchanges offer a certain number of free withdrawals per month. This can be especially beneficial if you make frequent withdrawals.

Remember that network congestion can impact withdrawal costs for some cryptocurrencies. Exchanges that offer multiple withdrawal networks can help you save during high-fee periods.

#4. Discounts And VIP Programs

Many exchanges offer loyalty programs that can significantly reduce your trading fees. Binance’s BNB holding program can cut fees by up to 25%.

KuCoin offers similar discounts for holding their KCS token.

VIP programs often provide substantial fee reductions for high-volume traders. These typically use a tiered system based on your 30-day trading volume. The top tiers can see fees reduced by 50% or more.

Some exchanges offer referral programs.

Inviting friends to join can earn a percentage of their trading fees as a rebate. This can be an effective way to offset your costs.

Look for special promotions or campaigns. Exchanges occasionally offer temporary fee reductions or trading competitions with fee-related rewards.

Frequently Asked Questions

Choosing a crypto exchange with low fees requires comparing rates, understanding fee structures, and evaluating trading options. Some platforms offer zero-fee trading or reduced costs for certain activities.

How can I identify the cryptocurrency exchange with the lowest trading fees?

Compare fee schedules on official exchange websites. Look for maker and taker fees, which vary based on trading volume. Check for discounts when using an exchange’s native token. Consider withdrawal fees and deposit methods, as these can impact overall costs.

Is it possible to trade cryptocurrencies without paying any fees, and which exchanges offer this?

Yes, some exchanges offer zero-fee trading for specific pairs or promotions. Binance has historically provided 0.1% trading fees, with the potential for further reductions. Crypto.com offers fee-free Bitcoin purchases within its app. Be aware that zero-fee exchanges may have wider spreads or higher withdrawal fees to compensate.

What are the most cost-effective cryptocurrency exchanges available in the USA?

Kraken stands out for its low fees, especially for professional traders. Coinbase Pro (now Advanced Trade) offers competitive rates for high-volume traders. Gemini ActiveTrader provides reduced fees compared to its basic platform. Always check current fee structures, as they can change.

Which cryptocurrency exchanges are known for having the lowest spreads?

Binance typically maintains tight spreads due to its high liquidity. Kraken also offers competitive spreads, particularly for major trading pairs. FTX (before its closure) was known for narrow spreads. Remember that spreads can vary based on market conditions and trading volume.

Conclusion

For spot traders, Binance and MEXC offer low fees and deep liquidity, with maker-taker fee structures to help minimize costs for high-volume trades.

Bybit provides competitive fees and specialized tools for futures suited for derivatives markets.

Kraken is a top choice for security-focused traders, offering robust asset protection despite slightly higher fees.

To access discounts, consider loyalty programs—holding platform tokens or achieving high trading volumes can lead to reduced fees and other perks.

ZenGo and Phemex offer accessible, low-fee options for beginners with simplified interfaces.

Factor in withdrawal fees when comparing platforms, as some exchanges balance low trading fees with higher withdrawal costs.

You can choose an exchange that supports your strategy by evaluating fees and trading needs and researching and testing options to find the right balance between cost features.