Cheapest Cryptocurrency Exchange

Bybit started out as a derivatives-exclusive crypto exchange. At this point in time, however, the platform has a thriving spot market, and allows its users to trade, exchange, deposit and withdraw a few different cryptocurrencies. That being said, straight off the bat - if you’re looking for derivates trading functionality, Bybit is a good place to start.

That being said, functionality and feature variety isn’t exactly the main focus of this list. Instead, let’s take a look at what makes Bybit one of the cheapest cryptocurrency exchanges.

The exchange utilizes a tier-based fee model. Meaning, there are a few different tiers that you might fall into, during your trading ventures on Bybit (depending on how much crypto it is that you trade). In total, there are 7 tiers, ranging from “Non-VIP” to “Pro 3”.

The very basic level - Non-VIP - will yield trading fees of 0.1%, for both market makers and takers. These are actually the highest fees that you’ll come across, with Bybit - that’s already some really good news, in itself!

Moving down the tier list, if you’re active enough on the exchange, and trade bigger sums of crypto, you could go down to as low as 0.02% and 0% fees, for market takers and makers, respectively. This does, without a doubt, make Bybit one of the cheapest cryptocurrency exchanges on the market!

Note, though, that these numbers apply to trading on the Spot market. If you’re interested in perpetuals and futures, the numbers are going to be a bit different - the general ballpark, though, would remain the same.

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!

MEXC truly is one of the cheapest crypto exchanges I have ever seen. Its spot trading fees start at 0.05% for both makers and takers. Often, when you see the standard fee being 0.1% on a CEX, you get excited, but on MEXC, you need to pay half that.

When it comes to futures trading fees, it also doesn't disappoint and goes below the industry standard, charging a 0.01% fee for makers and a 0.04% fee for takers. But the good news doesn't stop here.

Table: Standard spot and futures fees on MEXC.

The exchange has special trading pairs for which the fees might be even lower than usual. For example, as of writing, there are no trading fees whatsoever for DOGS_USDT, APT_USDT, and NOT_USDT futures contracts. Of course, this is subject to change, so make sure to always check out the newest special offers on MEXC.

Speaking of special offers, you can do wonders to MEXC fees with its native token, MX. For one, you can use the MX Deduction feature to get a 20% discount on spot and futures fees.

Besides that, if you hold 1,000 MX tokens or more, you'll get a 50% discount on all trading fees (the discount does not apply to BTC-related trading pairs, though). Just note that those two fee reduction options cannot be combined; once you qualify for the 50% discount, it will automatically override the 20% discount.

That said, MEXC is a clear option to consider when searching for the cheapest crypto exchange.

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!

KuCoin is one of the older exchanges on this list - founded and established in 2017, the platform has survived the legendary "Crypto Winter" of 2018, and has managed to build a strong community backing, in the meantime.

While the exchange has a variety of different points that might appeal to its clients, I'm happy to say that trading fees are, in fact, one of those points. KuCoin has some of the lowest fees in the industry!

Both market makers and takers start out with a 0.1% trading fee. However, same as multiple other platforms on this "Cheapest Cryptocurrency Exchange" list, as you trade and exchange cryptocurrencies on KuCoin, your fees will get lower, as well (depending on the thresholds that you reach).

The lowest that you can get your trading fees to is 0.0125% for market makers, and 0.03% for market takers. These are amazing numbers, and they do definitely put KuCoin on the radar, for any small exchange fee hunters out there!

As mentioned earlier, KuCoin is an established and well-respected exchange. The fact that it comes equipped with some low fees is definitely much appreciated!

Bitfinex is a crypto exchange that’s often associated with advanced crypto trading features. This is because the platform, as a whole, is catered more towards professional traders - this is mostly true in regards to the feature variety that Bitfinex employs.

As of writing this, the exchange in question supports over 170 different crypto coins and tokens, and utilizes a large number of trading pairs between them. Traders can also enjoy some industry-leading security features, fiat deposits, and some other benefits associated with high-level crypto exchanges.

Naturally, since this is a list of the cheapest cryptocurrency exchange, you can probably imagine that Bitfinex fees are also very notable, as well.

Specifically, the market maker and taker trading fees on Bitfinex are 0.1% and 0.2%, respectively. These fees apply to crypto-crypto, crypto-stablecoin, and crypto-fiat trades.

Not only are these numbers quite below the industry average, but it’s not too common to find exchanges that would employ the same numbers for crypto-crypto and crypto-fiat trades, as well!

Naturally, though, these are just the base fees - traders can reduce them even more, depending on the volume of crypto that they trade on the exchange. Market maker fees could go to 0%, while taker - to as low as 0.055%!

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!

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!

Huobi is a veteran cryptocurrency exchange that’s been around for around ten years. Founded and established in 2013, the platform survived multiple crypto winters, and has come out on the other side as both one of the cheapest crypto exchanges, as well as one of the easiest to use, in general.

Huobi features a very user-friendly interface - if you’re a beginner in the field, and are looking for your very first crypto exchange, Huobi will allow you to both trade all of the main crypto coins and tokens that you’ve heard about, as well as do so in a simple and straightforward manner.

To add to that, the exchange features 24/7 customer support - something that’s become extremely valuable with modern-day crypto service platforms. Thus, no matter what kind of questions you might have, or troubles you might face, there will always be support agents on the other side, ready to help you!

Fee-wise, for “normal” traders, Huobi employs a base fee of 0.2% (for both market makers and takers, alike). The more Huobi tokens (HT) that you hold on your account, the lower you will be able to make these fees go, too.

Professional traders have different fee levels that they can access, depending on how much volume of crypto they trade in a 30-day period, in BTC, as well as the amount of Huobi tokens that they hold.

All in all, Huobi is certainly one of the cheapest crypto exchanges on the current market!

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.

Coinmama is one of the best-known names in the cryptocurrency exchange industry. Having a multi-year reputation as one of the most-reliable crypto exchanges, Coinmama has a lot to offer to its users!

At the top of the list, if you choose Coinmama as your go-to exchange, you can expect a beginner-friendly interface, fiat payment acceptance, top-tier security, and multiple other features.

As far as our list of the cheapest cryptocurrency exchanges goes, though, you're probably most interested in the fee side of the platform. Well, with Coinmama, the fees are going to range from 0.99%, all the way up to 3.9%.

The actual fees will depend on multiple different factors - how much crypto it is that you're trading, your loyalty level with the exchange, your chosen trading and (or) payment methods, and so on.

While Coinmama's fees aren't the *lowest* you'll come across, the exchange makes it up by providing its users with convenience, reliability, and a wide selection of additional features. On top of that, as you increase your loyalty level with the platform, you can expect the fees to go down, towards the lower end of the spectrum!