Crypto Exchanges with Lowest Fees 2024

By Editorial Board

Last updated: Jun 2, 2024 • 3 Min Read

Overview

Looking for a crypto exchange with the lowest fees? You’re in the right place! In this guide, we’ll highlight the top crypto exchanges offering the best value and explain the key differences between using decentralized exchanges (DEX) and centralized platforms

Introduction
Comparison Table: Lowest Fee Crypto Exchanges
Binance
KuCoin
Bybit
Kraken
Bitstamp
OKX
Crypto.com
HTX (formerly Houbi Global)
Gemini
Coinbase
Centralized vs. Decentralized Exchanges
Understanding Fee Types

Introduction

Trading crypto has never been easier, with a wide array of exchanges at your fingertips. However, even if the market prices appear the same, hidden fees can significantly affect your returns. Understanding these fees is crucial to maximizing your investments.

Crypto exchange fees come in many forms, such as maker and taker fees, deposit and withdrawal fees, and often hidden costs within the price spreads. While some fees are straightforward, many remain hidden within the trading processes, leading to unexpected costs.

Whether you prefer a centralized exchange, a DEX, or trading directly through a wallet app, you could be paying more than necessary. Here, we break down the various fees and present the crypto exchanges with the lowest costs to help you make the most informed decision.

Comparison Table: Lowest Fee Crypto Exchanges

Exchange	Maker Fee	Taker Fee	Deposit Fee	Withdrawal Fee
Binance	0.10%	0.10%	Free	0.0002 BTC
KuCoin	0.10%	0.10%	Free	0.0005 BTC
Bybit	0.06%	0.01%	Free	0.0005 BTC
Kraken	0.16%	0.26%	Free	0.00002 BTC
Bitstamp	0.10%	0.20%	Dependent	depends on method
OKX	0.08%	0.10%	Free	0.0005 BTC
Crypto.com	0.075%	0.075%	Free	0.0005 BTC
FTX	0.20%	0.20%	Free	0.0001 BTC
Gemini	0.25%	0.35%	Dependent	depends on method
Coinbase	0.50%	0.50%	Dependent	depends on method

These centralized exchanges are known for their user-friendly interfaces, extensive features, and robust security measures, making them accessible to both new and experienced traders.

Binance

★★★★☆

4.5/5

Launched in 2017 and headquartered in Malta, Binance has quickly become one of the largest and most popular cryptocurrency exchanges globally. It supports over 600 cryptocurrencies and offers a comprehensive suite of trading options, including spot, futures, and margin trading. Binance's fee structure is highly competitive, with maker and taker fees set at 0.10%. Users can also reduce these fees by holding and using Binance Coin (BNB) for transaction fees. While Binance provides a wealth of features and trading options, its customer support and regulatory issues in some countries can be drawbacks.

Why We Chose It

We chose Binance as one of the top crypto exchanges with the lowest fees because it offers competitive trading fees and a wide array of features that cater to both beginner and advanced traders.

Pros

Supports a vast range of cryptocurrencies
Competitive maker and taker fees (0.10% each)
Advanced trading features and tools

Cons

Regulatory challenges in certain regions

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KuCoin

★★★★☆

4.0/5

Founded in 2017 and based in Seychelles, KuCoin has built a reputation as a user-friendly exchange with low fees and a broad selection of supported assets. KuCoin charges 0.10% for both maker and taker fees, and users can further reduce these fees by holding and using KuCoin Shares (KCS). The platform supports a wide range of cryptocurrencies and offers various trading options, including futures and margin trading. However, its limited fiat support and occasional customer service delays may be a concern for some users.

Why We Chose It

We chose KuCoin for its low trading fees and extensive selection of cryptocurrencies, making it a great option for both casual and serious traders.

Pros

Low maker and taker fees (0.10% each)
Supports over 450 cryptocurrencies
User-friendly interface

Cons

Customer support can be slow

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Bybit

★★★☆☆

3.0/5

Bybit, founded in 2018 and headquartered in Singapore, is a derivatives exchange known for its low fees and high liquidity. Bybit charges a maker fee of 0.06% and a taker fee of just 0.01%, making it one of the most cost-effective options for active traders. The exchange specializes in perpetual contracts and futures trading, offering a range of advanced trading tools and features. While Bybit excels in providing a low-cost trading environment, it has a limited selection of supported cryptocurrencies and does not support fiat deposits.

Why We Chose It

We chose Bybit for its extremely low taker fee, making it an excellent choice for active traders looking for cost-effective trading options.

Pros

Extremely low taker fee (0.01%)
Supports advanced trading features
High liquidity

Cons

No fiat deposits

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Kraken

★★★★☆

4.5/5

Kraken, established in 2011 and based in the United States, is one of the oldest and most reputable cryptocurrency exchanges. Kraken supports over 120 cryptocurrencies and offers a variety of trading options, including spot, futures, and margin trading. The exchange charges a maker fee of 0.16% and a taker fee of 0.26%. Kraken's strong regulatory compliance and security measures make it a trusted platform for trading. However, its higher taker fees and complex interface can be challenging for beginners.

Why We Chose It

We chose Kraken for its strong regulatory compliance and transparent fee structure, providing a secure trading environment with reasonable fees.

Pros

Transparent fee structure
Strong regulatory compliance
Wide range of supported cryptocurrencies

Cons

Complex interface for beginners

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Bitstamp

★★★★☆

4.0/5

Founded in 2011 and headquartered in Luxembourg, Bitstamp is one of the longest-standing cryptocurrency exchanges. It supports a smaller selection of cryptocurrencies compared to other exchanges, but it offers a straightforward and user-friendly trading experience. Bitstamp charges a maker fee of 0.10% and a taker fee of 0.20%, with lower fees available for higher volume traders. The exchange supports fiat deposits and withdrawals, making it easy to fund your account. However, its limited advanced trading features and higher fees for low volume traders may be drawbacks for some users.

Why We Chose It

We chose Bitstamp for its simplicity and reasonable fees, making it an excellent choice for beginners and experienced traders alike.

Pros

Simple and intuitive interface
Competitive fees for higher volume traders
Supports fiat deposits and withdrawals

Cons

Limited advanced trading features

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OKX

★★★★☆

4.5/5

OKX, founded in 2017 and based in Malta, is a leading cryptocurrency exchange known for its low fees and extensive trading options. OKX charges a maker fee of 0.08% and a taker fee of 0.10%. The platform supports a wide range of trading options, including spot, futures, and margin trading, with high liquidity across its markets. While OKX offers a comprehensive suite of features, its complex interface can be challenging for beginners, and it has limited fiat support.

Why We Chose It

We chose OKX for its low trading fees and comprehensive suite of trading options, making it a versatile platform for various trading needs.

Pros

Low maker fee (0.08%) and taker fee (0.10%)
Supports a wide range of trading options
High liquidity

Cons

Complex interface for beginners

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Crypto.com

★★★★☆

4.7/5

Launched in 2016 and headquartered in Hong Kong, Crypto.com has become one of the leading global crypto exchanges. It supports a vast range of cryptocurrencies and offers a comprehensive digital asset ecosystem, including its own blockchain, native token (CRO), crypto visa card, and yield-generating products. Crypto.com charges a flat 0.075% fee for both maker and taker trades, which can be further reduced through higher trading volumes and staking CRO. Despite its impressive range of features, the exchange's customer support can be lacking, and fees can be higher for lower volume traders.

Why We Chose It

We chose Crypto.com for its extensive digital asset ecosystem and competitive fees, making it a great option for mobile traders.

Pros

Supports over 350 cryptocurrencies
Comprehensive digital asset ecosystem
Low trading fees (0.075% for both maker and taker)

Cons

Fees can be higher for lower volume traders

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HTX (formerly Houbi Global)

HTX (formerly Huobi Global)

★★★☆☆

3.0/5

Founded in 2013 and headquartered in Seychelles, HTX (formerly Huobi Global) is a well-established cryptocurrency exchange known for its robust security measures and extensive range of supported assets. HTX charges a 0.20% fee for both maker and taker trades, with lower fees available for higher volume traders. The platform offers various trading options, including spot and futures trading, with high liquidity. However, HTX's limited fiat support and regulatory challenges in certain regions can be potential drawbacks.

Why We Chose It

We chose HTX for its robust security measures and competitive trading fees, providing a secure and cost-effective trading environment.

Pros

Strong security measures
Competitive fees (0.20% for both maker and taker)
Supports a wide range of cryptocurrencies

Cons

Regulatory challenges in some regions

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Gemini

★★★★☆

4.5/5

Founded in 2014 and based in the United States, Gemini is a cryptocurrency exchange known for its regulatory compliance and secure trading environment. Gemini charges a maker fee of 0.25% and a taker fee of 0.35%, which are higher compared to other exchanges. The platform supports a smaller selection of cryptocurrencies but provides a user-friendly interface and strong security measures. Despite its higher fees, Gemini's focus on compliance and security makes it a trusted choice for traders.

Why We Chose It

We chose Gemini for its regulatory compliance and secure trading environment, making it a trusted platform for cryptocurrency trading.

Pros

Strong regulatory compliance
Secure trading environment
User-friendly interface

Cons

Limited range of supported cryptocurrencies

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