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When picking out the right crypto exchange platform for yourself, there are many different factors that need to be taken into consideration. Security, coin support, transaction speed, and so on - all of these things are important. That said, though, today, we’ll be taking a look at the list of the cheapest cryptocurrency exchanges.

What does the “cheapest” stand for, you may ask? Simple - exchanges that have the lowest fees on the market. In other words, we’ll discuss 7 options of crypto exchange platforms that will take away the least amount of money from your transactions.

With that though, it’s worth mentioning that there are other things to keep in mind with the list below, too. Let’s get the details out of the way, first.

Cheapest Cryptocurrency Exchange: Things to Keep in Mind

So, the cheapest cryptocurrency exchanges - seems pretty self-explanatory, right?

To an extent, it is - but, as with most things in life, things are more intricate than they might appear at first glance.

Having the option to trade cryptocurrencies on the cheapest crypto exchange might be great, but you should always keep in mind the fact that there’s more to it than that. Specifically, I’m talking about one, single factor - security.

Even if you manage to find an exchange that takes away a 0% cut from your crypto trade (which is, admittedly, possible), if it lacks in the security department, you might actually “get taxed” more than on some of the more-expensive exchanges - in other words, all of your crypto assets might be stolen during or after the transaction.

While it does, admittedly, sound rather scary, that’s the harsh reality of it all - whenever dealing with anything related to crypto, you should always be extremely cautious.

That being said, though…

There are many cryptocurrency exchanges with lowest fees out there that are also actually really safe and secure. Assuming that you’re having trouble picking out the best one for yourself, this is what this list is here for, in the first place - without any further ado, let us talk about the 7 cheapest cryptocurrency exchanges on the current market.

1. Binance - Up to 0,1% in Fees

Ranks #1 out of 7 Crypto Exchanges

If you’ve ever heard about cryptocurrency trading, in general, you’re probably aware of a company called Binance. Undoubtedly, it’s one of the most well-known and used crypto exchanges on the market.

Coincidentally (or is it?), it’s one of the cheapest cryptocurrency exchanges, too.

Binance employs fees that reach up to 0,1%. Note the “up to” part - simply put, this means that the fees are usually going to be much lower than that (in most cases, the will sway around 0,05%).

Is Binance the crypto exchange with the lowest fees out there? Well, it’s certainly part of that group, yes! A 0,1% fee (worst-case scenario) is actually amazing!

On top of having some very cheap transaction fees, Binance is also very secure. The exchange employs a 2FA system (two-factor authentication) in order to ensure optimal log in security measures, and has some advanced crypto security features, too.

If you’re looking for a cryptocurrency exchange with the lowest fees in order to start trading crypto coins, you’ll also be quite happy to hear that Binance has some of the better (higher) trading volumes out of all of the ‘mainstream’ crypto exchanges out there.

What does that mean, exactly? Well, it simply means that there’s a healthy amount of competitive prices to be had on the exchange platform in question - definitely some good news for any wannabe trader!

Visit Binance
...or read our Binance review

2. Kraken - From 0% up to 0,26% in Fees

Ranks #2 out of 7 Crypto Exchanges

Same as many other names on this cheapest cryptocurrency exchange list, Kraken is a very well-known crypto asset trading platform that has built itself a long-lasting reputation of being both reliable, and offering its users some surprisingly-good fees.

Addressing the Kraken in the room (I’m sorry), you can expect the fees of this cryptocurrency exchange to range anywhere from 0% up to 0,26%, depending on a few different factors.

That’s right - 0% fees are available, too, but you’ll have to be trading some very low amounts of cryptocurrency.

That being said, 0,26% is still a very good fee option! The amount of crypto you’d lose to payment is minuscule, and Kraken’s high-trading volumes should ensure your peace of mind even further!

General reputation-wise, as mentioned above, Kraken isn’t only popular for being a cryptocurrency exchange with lowest fees - it’s also considered to be a very secure space to trade crypto coins, too.

Also, Kraken supports over 150 different cryptocurrency assets, tokens included. You’ll find all of the main, most well-known crypto coins on the exchange in question - granted that you can even buy the coins via a bank transfer, this surely makes the exchange a very conveniant place to trade cryptocurrencies!

Visit Kraken
...or read our Kraken review

3. Cex.io - From 0% up to 0,25% in Fees

Ranks #3 out of 7 Crypto Exchanges

Cex.io is one of those crypto exchanges that keep popping up here and there, but is still sometimes forgotten when talking about the best and cheapest cryptocurrency exchanges. Well, I’m here to tell you - that should not be the case.

Cex is an amazing crypto trading platform - it’s used by many people, and most of the reviews regarding it are more-than-positive.

You’ll notice how much the platform cares about the safety and well-being of your crypto coins as soon as you register and first log in to the site. 2FA, email notifications, and so on - Cex really does a good job of informing you about any and all login attempts, no matter if they’re made from a trusted device or not.

Fee-wise, Cex is also right up there with the other “big players” - the platform’s fees range from 0% up to 0,25%, which is very similar to those found with Kraken. Also, same as with Kraken, Cex’s fees are very favorable for any and all aspiring cryptocurrency traders.

Visit CEX
...or read our CEX review

4. Bittrex - A Fixed 0,25% Fee

Ranks #4 out of 7 Crypto Exchanges

Bittrex is often regarded as one of the safest crypto exchange platforms that you could use. Coincidentally, it’s also one of the cheapest cryptocurrency exchanges, too!

The thing that makes Bittrex stand out of the crowd when it comes to the topic of security is the fact that the exchange keeps the vast majority of the crypto assets on cold storage devices - offline wallets that are considered to be among the safest form of crypto storage possible (apart from paper wallets).

The only somewhat-notable issue that some users of the platform express is the fact that Bittrex might be somewhat difficult to use, especially if you’re a complete newcomer to the industry.

When it comes to the platform being one of the cheapest crypto exchanges, though, Bittrex offers a fixed 0,25% fee to its users. All things considered, that’s actually pretty good! It rivals the fees of some other crypto exchanges on this list, and is surely in-line with the term “cheap”, too.

Visit Bittrex
...or read our Bittrex review

5. Coinbase - From 1,49% up to 3,99% in Fees

Ranks #5 out of 7 Crypto Exchanges

As you can probably tell from the title, Coinbase is a pretty big jump when it comes to fees, especially when compared to other exchanges on this particular list.

Naturally, you would probably not call Coinbase the “cryptocurrency exchange with the lowest fees”. If so, though, why is it on this list?

Because of a pretty simple reason, actually - Coinbase offers its users an amazing compromise between fee expenses and UX - user experience.

You see, as noted in the heading, Coinabase’s fees range from 1,49% up to 3,99%, depending on the region you are located in, the amount of crypto that you’re trading, whether you’re the sender or receiver, and so on. Naturally, those fees are quite high - there’s no denying that.

Having said that, though, Coinabse offers its users amazing usability features, and ensures top-tier security.

The exchange itself is very simple and straightforward, utilizing a minimalistic design. This is great for beginner traders, since you won’t be overwhelmed with a load of different, advanced features.

Finally, it’s also worth pointing out that Coinabse has some great customer support. Users report that, whenever they’d encounter some troubles, the support would always be very helpful and friendly - definitely nice to know!

Visit Coinbase
...or read our Coinbase review

6. Bitstamp - From 0,05% up to 5% in Fees

Ranks #6 out of 7 Crypto Exchanges

Bitstamp does probably possess the broadest range in fees out of all of the cheapest cryptocurrency exchanges mentioned in this article.

Analyzing the “0,05% - 5%” fee range, it’s safe to say that, if you land on the lower end of the fee spectrum, you can be sure that Bitstamp is surely a crypto exchange with the lowest fees. If, however, your transaction falls more towards the “5%” part, well… That’s very expensive!

But what about the platform itself? Regardless of the “cheapest cryptocurrency exchange” debate, it’s safe to say that Bitstamp is among the more-respected crypto trading platforms in the current industry. While the company did have some ups and downs, generally speaking, it would seem that the public perception surrounding them is actually very good.

Bitstamp is secure and very beginner-friendly. If you’re not looking to trade a whole lot of cryptocurrencies, and are simply interested in learning more about the process, it’s definitely an exchange worth checking out!

Visit Bitstamp
...or read our Bitstamp review

7. Poloniex - 0% up to 0,125% in Fees

Ranks #7 out of 7 Crypto Exchanges

Poloniex is surely one of the more interesting cryptocurrency exchange platforms on this list. While it can be named a crypto exchange platform with lowest fees, it’s also an exchange that has some… Questionable past, too.

Let’s take it a step at a time, though.

The fact that Poloniex offers its users a fee that ranges anywhere from 0% up to 0,125% is great - that automatically makes the crypto exchange platform one of the cheapest crypto exchanges on this list. If cheap fees are solemnly what you’re after, then sure - Poloniex is a great choice.

Having said that, though…

Poloniex has a history of being hacked - namely, a breach of security occurred in 2014 that swept away a huge portion of the Bitcoin that was present on the exchange. While some minor hacking attempts (and successes) are easier to look past, such major hacks should always be taken into consideration, whether you’re looking for the cheapest cryptocurrency exchanges, or something else.

That aside, Poloniex is still seen as a decent crypto exchange platform, even with the earlier-mentioned stain on its reputation. The platform requires no verification (unless you plan to trade some high amounts of crypto), is simple to use, and provides decent customer support if needed, too.

All in all, a platform worth looking into, especially if you’re on the lookout for the cheapest cryptocurrency exchange!

Visit Poloniex
...or read our Poloniex review

Conclusions

So - that’s it! At this point, you should be aware of the 7 cheapest cryptocurrency exchanges, and all of the major pros and cons associated with them.

Allow me to reiterate a point made earlier on in the article, though - security should always be one of your primary concerns when picking out the best crypto trading site for yourself.

Think about it this way - if you purchase some cryptocurrency at a 0% fee, you’re probably going to be ecstatic because of the fact that you did not have to overpay even a single dime, right?

Well, yes, but if you would do so on a shady “cryptocurrency exchange with the lowest fees”, a couple of days later, you might find that all of your crypto coins were cleaned form your wallet.

Not really worth it, now, is it?

Frankly, that’s the reason why, even if you’re looking for the cheapest cryptocurrency exchange, security should still be at the top of your priority list. Without proper security, you risk losing all of your crypto savings - it’s always better to pay a bit more, but remain assured that your assets are all safe and sound!

With that, though, I hope that this list was useful to you, and that you managed to find the best, cheap cryptocurrency exchange that would suit your own, personal wants and needs.

Until next time!

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FAQ

What is the 'cheapest' cryptocurrency exchange?

The "cheapest" cryptocurrency exchange is going to be one that provides users the best (lowest) fees in regards to purchasing and selling (or simply trading) crypto assets. Not all exchanges offer the same type of fees - while Binance or Kraken might be cheap (in the best way possible), there are other trading platforms that have much higher fees.

What sort of a fee is considered to be 'high' when dealing with cryptocurrency exchanges?

Usually, anything that goes above 4% is considered to be a high fee. When you take a look at the fees offered by most of the crypto exchanges on the above-located list (i.e. Binance and Kraken), 4% might seem outrageous. Still, there are many details that go into the fee system - some exchanges might have higher fees, but also better security or some other perks involved.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. It’s all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that Coinbase is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. Coinbase or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.