Best Lowest Fee Crypto Exchanges 2023

Choosing one of the best lowest fee crypto exchanges reduces the cost of purchasing or transferring out a coin. Since not many traders buy coins to keep, some buy low and sell off high to make profits. With this, most of them cannot afford to lose their little profit to exchange fees.

Since there are varieties of operations you can carry out in centralised exchanges, these exchanges have different fees for each transaction.

Read more…

Transferring out a coin either to your wallet or another exchange takes more fee than buying or selling in one crypto exchange. However, some crypto exchanges like Ftx and Hotbit are known for their low transfer fees, but poor user interface.

Since there are hundreds of crypto exchanges available, choosing the one with the lowest fee can be tricky. Because of that, we’ve brought out the best lowest-fee crypto exchanges. Our list is based on those with the lowest fees, friendly interface, features, easy KYC verification, security, and good customer care service satisfaction.

Related articles…

Best Lowest Fee Crypto Exchanges: FTX

FTX Exchange

Sign up Here

FTX is a crypto exchange platform with the lowest exchange fees. Surprisingly, FTX offers zero withdrawal charge for USDT assets and less than a $4 fee for Ethereum withdrawal. The crypto CEX provides services such as spot trading, staking investment, margin, derivative, and NFTs trading.

Fortunately, FTX is available in almost every country and has easy KYC verification, plus you’ll get exceptional services as you begin your crypto trading journey. When it comes to security, FTX offers two-factor authentication and SMS verification for asset withdrawal.

Furthermore, you can easily use your credit card to purchase crypto currency and trade your favourite coins with high liquidity. There’s no doubt FTX is among the top three lowest fee crypto exchanges.

Best Lowest Fee Crypto Exchanges: Binance

Binance

Sign up Here

Binance is a popular and top crypto currency exchange because of its huge trading volumes and support for over 500 coins including Bitcoin, Litecoin, Ethereum, Algo, Sol, BNB, etc.

Currently, Binance works in most countries in Asia, Europe, Africa, and Australia.
It’s currently reported that Binance has over 100 million active users worldwide. What makes Binance great is not just because of its low transaction fees, but a myriad of amazing features.

See also  Best Apps for Making Money Online 2023

The Binance Learn and Earn give users some token for learning about a coin and answering the questions that follow. Also, the exchange offers coin charts and indicators to help facilitate crypto trading.

The Binance crypto fees vary from coin to coin. Some coins like Tron (trx), Algo, and Sol have the lowest withdrawal fees while Ethereum fees tend to be high. Meanwhile, the overall trading fee is relatively low, ranging from 0.0750% to 0.0525%.

MEXC

MEXC

Sign up Here

MEXC is a top exchange with over 370 listed crypto currencies. The exchange is not only known for its low market-cap gems and newly listed DeFi cryptocurrencies but low trading and withdrawal fees.

Despite being established in Seychelles, it has compliance licenses in four other countries including the US, Australia, Canada, and Switzerland. The exchange has every feature you’ll expect from an innovative and modern cryptocurrency exchange including P2P trading.

The MEXC mobile app is available for download on Android and iOS devices, plus it has a very interactive user interface that supports both light and dark modes.

Best lowest fee crypto exchanges
KuCoin

KuCoin

Sign up Here

KuCoin is an exchange that operates in up to 200 countries but is not licensed in the United States. However, KuCoin is one of the lowest fee crypto exchanges, making it an attractive option.

Nevertheless, this doesn’t mean that US residents cannot sign up for a KuCoin account, but there are limited features. Additionally, signing up is very risky and if the US regulators decide to crack down on KuCoin, you might not be able to withdraw your assets.

Since its establishment in 2017, KuCoin has grown to become one of the largest global exchanges with over 10 million users and up to $469.47M daily trading volume. Currently, there are over 600 crypto currencies for users to buy, sell, and trade on KuCoin.

P2P trading is also available, plus KuCoin supports staking and recently introduced a Trading Bot feature to help simplify the trading process. KuCoin offers relatively low trading fees that are between 0.0125% and 0.10% per trade depending on the volume.

Best lowest fee crypto exchanges
Crypto.com

Crypto.com

Sign up Here

Crypto.com is a popular crypto exchange with an electronic and cold wallet. It’s present in over 90 countries including the US, France, UK, India, Nigeria, etc and has up to 10 million active users worldwide.

The Crypto.com exchange offer spots and margin trading with up to 10% of the initial order amount. With this exchange, you can borrow loans of up to 50% of your available balance and stake your coins to earn rewards.

See also  Opay app Review, Features, and Earning Opportunities: Legit or Scam

The exchange offers an in-depth analysis of the bitcoin market as well as an educational guide to help a novice become a professional in the crypto field. Currently, Crypto.com supports over 300 coins and is among the most popular lowest fee crypto exchanges in the world.

Coinbase

Coinbase

Sign up Here

Coinbase is a top exchange for trading, storing, investing, depositing, or withdrawing crypto currencies. Interestingly, it’s easy to use and allows you to convert crypto currencies with just a single click.

Coinbase users are guaranteed to enjoy zero deposit fees, but with low withdrawal fees depending on the coin. Meanwhile, users have a chance of earning more crypto currency apart from trading by investing in Coinbase’s staking program.

There’s a Coinbase Wallet where you can store your crypto coins in a cold wallet just like Trust Wallet and Safepal. This wallet stores almost all coins, but ensure to keep your seed phrase safe to avoid losing your assets.

Best lowest fee crypto exchanges
LBank

LBank

Sign up Here

LBank is an interesting crypto currency exchange that’s still growing, but mostly popular in Asian countries. They offer very competitive low trading fees and have a variety of crypto currencies to trade in.

LBank despite being a Chinese exchange has its headquarters out of Hong Kong because of the country’s harsh laws when it comes to crypto currencies. Because of this, the exchange does not fall under any reputable regulatory authorities and is not a licensed exchange. However, this does not mean the exchange is not trustworthy as it has been running since 2016.

It’s currently among the best lowest fee crypto exchanges and offers zero deposit fees. However, depending on the coin, there’s a minimum amount to deposit which you’ll see while trying to copy the address. Bear in mind that you’ll lose your coin if you send below the minimum deposit amount.

Robinhood

Best Lowest Fee Crypto Exchanges: Robinhood

Sign up Here

Robinhood is a top-notch exchange that allows users to trade crypto currency with zero commission. It’s currently among the best 5 crypto currency exchanges and it’s very convenient for crypto investments without any incurring fees.

However, not all coins are available on Robinhood like it’s in Binance or MEXC, but you can trade top coins like Bitcoin, Litecoin, Ethereum, Doge, etc. If you’re a novice, then you’ve nothing to worry about as Robinhood educates users on financial planning to make the most of their investment.

Fortunately, Robinhood has one of the lowest crypto currency trading fees, plus you can easily switch to stock trading. There’s no doubt Robinhood is a top-priority exchange for beginners because of its simple interface on both mobile and web versions.

See also  Inq. Digital wins double at Tech Innovation Awards (TIA) 2022
Best lowest fee crypto exchanges
Bitstamp

Best Lowest Fee Crypto Exchanges: Bitstamp

Sign up Here

Bitstamp might not be a popular exchange because it’s only licenced to operate in the EU and US. Nevertheless, Bitstamp is a regulated exchange in Euro and USD, plus it has relationships with over 15 banks that have guaranteed payment rails. Despite having a limited operation, the exchange facilitated up to $463 billion trading volume last year from its 4.6 million clientele base.

This exchange offers 24 /7 support, along with dedicated account managers for partners, and pricing data for major Bitcoin products.

Interestingly, it has a scalable matching trading engine that supports up to 50,000 events per second and is also audited. However, Bitstamp currently supports less than 100 crypto assets for trading, holding, deposit, or withdrawal which is quite small for a crypto exchange.
Bitstamp offers zero deposit fees for most coins, but 0.05% for International wire deposits and 5% for card purchases.

Difference between CEX and DEX
Difference Between CEX and DEX

What are the Differences between Decentralised Exchange (DEX) and Centralised Exchange (CEX)

Crypto exchanges are like third-party markets where a user can buy, sell, or store coins, but don’t have total control over them. This is unlike cold wallets like Safepal where a user has total control and management. The crypto currency exchange is mainly divided into two; Decentralised Exchange and Centralised Exchange.

Read more: Best Free Email Accounts and Service Providers in 2023

Decentralised Exchange (DEX)

Decentralised exchanges like Uniswap or PancakeSwap are independent financial protocols powered by smart contracts that facilitate the conversion of crypto currencies with all transactions viewable on the blockchain.

Decentralised exchanges work hand-in-hand with cold wallets like Safepal or Trust Wallet as they typically require you to connect your wallet and sign a transaction which is not possible with exchanges like Binance.

Centralised Exchange (CEX)

Centralised Exchanges (CEX) like Binance, FTX, etc are regulated online trading platforms that match buyers and sellers via an order book. They guarantee the seamless exchange of coins at any time as most of them like Binance regularly record more than $30B in daily trading volumes.

CEXs are very easy to use and they offer numerous features like margin trading, margin lending, exchange staking, crypto derivates trading, and many others. Centralised Exchanges allow you to buy Bitcoin with Fiat currency like US Dollars, Nigeria Naira, etc.

-Techcity.com.ng

Read more: Microsoft Windows 12: Release Date, and Features

About Techcity 324 Articles
We at Techcity.com.ng are dedicated towards bringing the latest tech reviews, gists, and comparisons to you. Techcity is a standout domain with the best expert tech reviewers you can always trust. For any advert placement, complaint, or request, kindly contact us on WhatsApp at +234 81 6028 9172

Be the first to comment

Leave a Reply

Your email address will not be published.


*