Crypto Exchange with Lowest Fees: Comparsion Guide

Are you looking for a Crypto exchange with the lowest fees? You have nothing to worry about. In this post, we will compare the most popular crypto exchanges. We will look at the fees you will pay when trading on spot and futures, and when depositing and withdrawing.

Importance of choosing a low-fee Crypto exchange for maximizing profits

for active traders, choosing a low-fee exchange is crucial when it comes to maximizing profits. here is why:

• using a lower exchange lowers trading fees, which means you are keeping a larger part of your profits
• choosing a low exchange fee means that more of your profits stay with you, increasing your net returns.
• You have the flexibility to adjust your trading strategy more frequently without worrying about the cost of each transaction. Trading at a lower fee makes it easier to enter and exit positions at any given time.

Understanding Crypto exchange fees

Understanding Crypto exchange fees is vital for optimizing profits. Below is a breakdown of the types of fees on all Crypto exchanges:

Types of fees

Trading fees

when it comes to trading fees, there are 2 fees charges, which are as follows:

Maker Fees

Maker fees are charged when you place a limit order that is not instantly filled. This action adds liquidity to the order book. These fees are usually lower.

Taker Fees

Taker fees are applied when you place an order that executes instantly. these trades remove liquidity from the order book, which makes it higher than maker fees

Deposit fees

All exchanges charge a deposit fee when you fund your account using a bank transfer. They also charge a fee when you use a credit or debit card. the only deposit method that doesn’t incur charges are deposits made through cryptocurrencies e.g. when someone sends you Bitcoin to your account, you are not charged for it

Withdrawal Fees

there are withdrawal fees when you send, and transfer cryptocurrencies from one exchange or wallet to another exchange or wallets. but in some cases, some blockchains are charges free for some exchanges e.g. sending TON or tokens under TON blockchain are free on OKX wallet, Bybit, and many more. Another way to withdraw without fees is to send cryptocurrencies to another user on the same exchange. This method doesn’t incur any charges. For example, you can withdraw your Bitcoin from your Binance account to another Binance user.

How Fee Structures Vary Across Exchanges

different exchanges have their ways of charging fees:

Percentage-based fees

this method is commonly used by many exchanges, where fees are a percentage of the trade value

Flat fees

This is a fixed fee applicable to all trade sizes. For example, some exchanges charge $1 for withdrawing USDT. This is especially true for tokens built on the Tron (TRX) blockchain.

Tiered Fees

this method is based on your trading volume or account status. As your trading volume increases so will the fees decrease. The same applies to a higher account status. For example, on Bybit, a user on VIP1 is charged a lower fee than a user on VIP0.

All exchange has its fee structures. It is crucial to know them. Compare them to find the one that will be most suitable and cost-effective for you.

Factors to consider when choosing a low-fee exchange

When choosing a crypto exchange with a lower fee, it is very important to consider several factors apart from the fee structures. important points to remember:

The fee transparency policy

• ensures that the exchange clearly states its fee structure for withdrawals, deposits, and trading.
• also check to know if the exchange updates its fee policies regularly, and also take note if they notify users or not

Supported payment methods

• Check to know if the exchange supports your preferred payment methods e.g. cryptocurrencies or fiat currency
• look out for options like bank transfer, credit/debit card, p2p, and other deposit methods
• check for deposit fees, very important. but don’t worry we will be comparing them below, which will help you choose the best exchange.

Other Factors

Security

• make sure the exchange has robust security measures to protect your funds.

User Experience

• Ensure the exchange is user-friendly, easy to navigate, and has a good customer support system.

Liquidity

• Do you know that higher liquidity means a good price and faster trade execution? so choosing an exchange with higher liquidity. Don’t know the exchanges with higher liquidity? don’t worry the exchanges we will mention below have a higher liquidity.

Top Crypto Exchange with the Lowest Fees: Comparison Table

Below is the list of exchanges with the lowest fees

Spot trading fee comparison

S/N	Exchange	Maker fee %	Takers fee %	Discount for:	Registration Link
1.	MEXC	0%	0.1%	Enjoy a 50% discount by hodling ≥1,000 MX tokens	Trade Now
2.	OKX	0.08%	0.1%	OKB holders and VIP users	Trade Now
3.	Binance	0.1%	0.5%	Enjoy a 25% discount when paying with BNB	Trade Now
4.	Bingx	0.1%	0.1%	VIP users	Trade Now
5.	Bybit	0.1%	0.1%	VIP users	Trade Now
6.	HTX	0.2%	0.5%	25% discount by paying fee with HTX or TRX token	Trade Now
7.	Gate.io	0.2%	0.4%	GT token holders	Trade Now
8.	Kucoin	0.1%	0.3%	KCS token holders	Trade Now
9.	Bitget	0.1%	0.1%	0.08% paying with BGB	Trade Now
10.	CoinEx	0.2%	0.2%	CET holders and VIP users	Trade Now

Futures Trading Fee Comparison

S/N	Exchange	Maker fee %	Takers fee %	Discount for:	Registration Link
1.	MEXC	0%	0.01%	Enjoy a 50% discount by hodling ≥1,000 MX tokens	Trade Now
2.	OKX	0.02%	0.05%	Pay 0.015% for maker fees and 0.03% for taker fees  by holding ≥ 1,000 OKB or $50 million in trading volume	Trade Now
3.	Binance	0.02%	0.05%	Enjoy a 10% discount when paying with BNB	Trade Now
4.	Bingx	0.02%	0.05%	VIP users	Trade Now
5.	Bybit	0.02%	0.05%	VIP users	Trade Now
6.	HTX	0.02%	0.04%	5% discount by paying fee with HTX or TRX token	Trade Now
7.	Gate.io	0.025%	0.075%	GT token holders and VIP users	Trade Now
8.	Kucoin	0.020%	0.060%	Enjoy a 20% discount when paying with KCS token	Trade Now
9.	Bitget	0.02%	0.06%	20% discount paying fees with BGB token	Trade Now
10.	CoinEx	0.03%	0.05%	CET holders and VIP users	Trade Now

Deposit and Withdrawal Fee Comparison

S/N	Exchanges	Deposit fee	Withdrawal fee	Registration Link
1.	MEXC	free	Varies by coin or blockchain	Trade Now
2.	OKX	free	Varies by coin or blockchain	Trade Now
3.	Binance	free	Varies by coin or blockchain	Trade Now
4.	Bingx	free	Varies by coin or blockchain	Trade Now
5.	Bybit	free	Varies by coin or blockchain	Trade Now
6.	HTX	free	Varies by coin or blockchain	Trade Now
7.	Gate.io	free	Varies by coin or blockchain	Trade Now
8.	Kucoin	free	Varies by coin or blockchain	Trade Now
9.	Bitget	free	Varies by coin or blockchain	Trade Now
10.	CoinEx	free	Varies by coin or blockchain	Trade Now

Tips to lower crypto exchange fees

• pay trading fees with exchange tokens: some exchanges like Binance offer discounts when paying fees with their native tokens, which are lesser
• place order using a limit order: using a limit order reduces fees, as you will be charged a lower maker fee.
• Increase trading volume: Most exchanges have tiered fee structures, reducing transaction costs as your trading activity increases.

FAQs

What are the lowest-fee crypto exchanges in 2024?

Some of the top options include Binance, mexc, OKX, Bingx, Bitget, kucoin, coinEx, HTX, gate.io, and bybit. They typically offer competitive trading and withdrawal fees.

How do trading fees work on exchanges?

Trading fees are split into maker and taker fees. Makers add liquidity, and takers remove it. Percentages vary by platform, usually between 0.01%-0.50%.

Which crypto exchange has the cheapest maker and taker fees?

MEXC is known for low fees, starting at 0.0% for the maker and 0.01 taker trades. Rates are even lower with higher volume or native token usage.

Are there hidden fees to watch for?

Yes, fees for withdrawals, deposits, and conversions can add up. Always review the platform’s fee schedule before trading.

Do any crypto exchanges offer zero trading fees?

Bitget and certain promotions on Binance offer zero-fee trading for selected pairs. These are often time-limited or pair-specific.

Is it cheaper to use limit orders rather than market orders?

Yes, limit orders typically incur lower fees, as they’re categorized as maker trades. Market orders are considered taker trades and cost more.

Do platform-native tokens reduce fees?

Yes, exchanges like Binance (BNB) and OKX (OKB) offer reduced trading fees if paid with their native tokens.

Are decentralized exchanges (DEXs) cheaper than centralized ones?

Not always. While DEXs avoid central intermediaries, network fees can be higher, especially on blockchains like Ethereum.

Which exchange has the lowest withdrawal fees?

OKX and Binance often have low withdrawal fees, but this varies by currency. For example, withdrawing Bitcoin might cost more than stablecoins.

Are there discounts for high-volume traders?

Yes, most exchanges like Bybit and OKX have tiered fee structures. Higher volumes result in lower fees.

Should I choose an exchange solely based on fees?

Not necessarily. Consider security, supported currencies, ease of use, and liquidity alongside fees. Low fees won’t matter if the platform isn’t reliable.

Do stablecoin trades usually have lower fees?

Yes, fiat-backed stablecoins like USDT often have lower trading fees compared to altcoins or Bitcoin, depending on the platform.

Conclusion

why going through this detailed guide, we believe you have chosen the best crypto exchange with the lowest fees on deposit, withdrawal, spot, and futures trading. which exchange did you choose? let us know in the comment section