The lowest fee crypto exchange can help solve several problems for you if you are a novice crypto investor or trader. The fee structure of an exchange has extreme importance as there are platforms that charge a high fee, which is not always transparent.
This can cause problems for you as a crypto investor or trader as you might end up paying a high fee, which may also include hidden charges. Using such an exchange is not only unsuitable but also highly unsafe.
Therefore, before you choose a platform it is important and helpful that you look through different platforms that charge a low fee. Here are some of the top crypto exchanges with lowest fees. You should take a look at their fee structures as well as other features so you can determine if they are according to your criteria, trading requirements and more.
Lowest Fee Crypto Exchanges Include Phemex
One of the most popular exchanges in the market is Phemex. This exchange was launched in 2019 and since then it has grown into one of the best platforms in the crypto market.
It offers some impressive features including a transparent and fair fee structure. The Phemex exchange is a community-focused platform, which means it considers the feedback given by the community and makes changes in its features and services accordingly.
It also allows the users to create multiple sub-accounts and even offers access to the users of several advanced order types.
The fee structure of the Phemex exchange is also impressive, the details of which are mentioned below.
- No fees for deposits
- -0.025% maker trading fees
- 0.075% taker trading fees
It is one of the cheapest crypto exchanges. However, apart from this feature, you can also benefit from the following features offered by the Phemex exchange.
- User-friendly interface, making it suitable for beginners and experts
- Enables people to trade with up to 100x leverage
- The users don’t have to complete the KYC (know your customer) verification
- Offers support to a wide array of digital currencies
PrimeXBT
PrimeXBT is not only known as the lowest fee crypto exchange but is also one of the best exchanges for novice and experienced traders alike. It is one of the leading trading platforms and offers more than just a transparent fee structure.
As a crypto trader, you can choose an asset to trade from a variety of asset classes. Therefore, the fee charges based on the asset classes are mentioned as follows:
- 0.05% for crypto assets
- 0.01% for Indices and Commodities
- 0.001% for Forex majors
One of the leading factors of the PrimeXBT exchange is its Covesting feature. This feature allows copy trading, which means the novice traders can automatically copy the trades of an expert. This is one of the best options for people who are new to crypto trading or who want to trade while on the go.
PrimeXBT is one of the lowest fee Bitcoin exchanges, however, other features it offers to the users include the following:
- 24/7 customer support
- 100x leverage on digital currencies
- Powerful and user-friendly trading platform for all interested parties
- Cutting-edge technologies
Similarly, if you are interested in using the PrimeXBT trading exchange. Then you should know that it supports major and minor forex currency pairs to be traded on the platform. This platform also charges a fee that the traders have to pay, however, the fee charged varies from Forex pairs to digital assets.
PrimeXBT supports the following Forex currencies:
- Australian Dollar
- British Pound
- Canadian Dollar
- Euro
- Japanese Yen
- Swiss Franc
- US Dollar
Bybit Exchange
Bybit exchange is undoubtedly one of the lowest fee crypto exchanges that is known among crypto traders around the world, especially those who are interested in margin trading.
Leverage trading is easily accessible to the interested parties now. However, it is a risky trading strategy and can bring on both profits as well as huge financial losses. Therefore, you should choose a suitable exchange for trading with leverage such as the Bybit exchange.
This is also one of the crypto exchanges with lowest fees that follows the market maker and taker fee model.
- Market maker fee: -0.025%
- Market taker fee: 0.075%
It also offers high liquidity as well as excellent customer support. The user interface is also quite impressive and straightforward and the traders can also use the mobile application to keep track of their positions. The market and trade while on the go.
While buying, selling, holding or trading digital currencies, novice parties can come across numerous obstacles or challenges. Even if the challenges are not tough they may have questions and concerns regarding the process and more. In such a case, if there is an active team of customer support agents available to assist the users and address their concerns then the level of difficulty for beginners can decrease significantly.
The Bybit exchange is one of the platforms that is known for offering excellent customer support to the users that is available 24/7.
Binance Exchange
The Binance exchange is one of the cheapest crypto exchanges and offers outstanding features and services to the users. It is the world’s largest digital currency exchange, based on its trading volume. It is known for its user-friendly interface, along with several other features that are explained below in detail.
This Binance trading review talks about some of the major aspects of the platform such as its staking feature. Details such as this are important for you to know, especially if you are interested in starting crypto trading. Therefore, if you are interested in staking then you should choose a secure and suitable platform such as Binance.
This is one of the lowest fee crypto exchanges that follows the market maker and taker fee model, as mentioned below.
- Market taker fee ranges from 0.04% to 0.1%
- Market maker fee ranges from 0.02% to 0.1%
- Withdrawal fee ranges from $1 to $15
Conclusion
The lowest fee crypto exchange can be easier to find if you are aware of your options and know the features of other platforms. As a new trader and investor, make sure you know about the options mentioned above as well as their fee structures and other details.
