Everyone in the cryosphere in today’s times wants to trade in cryptocurrencies but they lack the knowledge about the best exchanges to do so.
When I say best, I mean cheapest, because when you trade one cryptocurrency for another, there is a lot of money involved and a little knowledge can save you big bucks.
However, it is not as easy. Sometimes an exchange’s fee structure might trick you resulting in you paying a lot, something which you could have avoided by using another cheaper exchange.
Hence, I am curating this list of best cryptocurrency exchanges that lets you trade with minimal fees so that you can save those extra bucks to spend on another coin.
Disclaimer: Of the exchanges listed below, I have only used some personally. However, the fee structure of those I haven’t look impressive and I intend to use them soon.
Cryptocurrency Exchanges With Low Trading Fees
Binance is my go-to exchange every time because they are the number #1 exchange in terms of quality coins and volume.
This exchange was launched last year after a successful ICO and it has not looked back since. I have written about the Binance exchange in detail here.
It is very easy to register on it and is a good idea get its native Binance coins because these coins help reduce your trading fee considerably.
You can see their fee structure, one of the cheapest in the market, in detail here.
I have personally used this fee discount feature innumerable times and I can assure that you will find it surprisingly easy to use to save 50% of your trading fees if you pay in BNB tokens. You can refer to their official guide on how to turn on the fee reduction feature for yourself.
Deposits of any cryptocurrency are free and withdrawal fees are standard. See here.
Cobinhood as of today is an unknown exchange but it has some unique features that make it stand out in the crowded market.
I have been tracking Cobinhood for a while and it is definitely worthy of being mentioned in this article. However, a close observation will show that the volume on this exchange is on the lower side with a total of 34 trading pairs listed on it.
However, it offers zero trading fees for the listed cryptocurrencies which is what makes it unique in the cryptosphere.
Apart from that, there are several benefits for Cobinhood token holders know as the COB. You can read about these benefits here. I will cover this exchange in a dedicated post later.
But for now, you should definitely create an account on it if you are interested in trading with zero trading fees, which clearly is the USP of this exchange.
Bibox is an upcoming exchange which looks like a clone of Binance, but has different people behind it.
I have used this exchange a few times and have found their interface very user-friendly just like Binance. Also, they have mobile apps for trading which makes life easier for on-the-go users like you and me.
Bibox also has BIX native tokens like BNB on Binance and has similar functions. But unlike Binance, Bibox has a Maker/Taker rule for charging the fees which makes it cheaper than Binance-like exchanges.
The rule for Taker and Maker:
- Taker: 0.10% trading fee
- Maker: 0.00% trading fee
If you have BIX, you can use it to pay the trading fee and avail the discount.
KuCoin is another exchange with considerable liquidity on its platform for many cryptocurrencies.
However, many are spreading a FUD that it is a China-based exchange and it will be banned soon. Personally, I’m of a different opinion.
KuCoin also has its native token called KCS-KuCoin Shares which has several benefits apart from discounted fees.
KCS holders are rewarded for holding KCS tokens and get 50% of the trading fees of KuCoin exchange daily in reward as KuCoin bonus.
Apart from this benefit, their fee structure of trading is rather cheap with only 0.1% as the trading fees.
Also, the deposits of supporting cryptocurrencies are free and withdrawal charges are as per this chart.
There are a few more exchanges that are coming up with unique and innovative usecases. Some of these offers reduced trading fees while the others lure users with zero trading fees!
I am continuously tracking these exchanges and will list them soon once they garner enough volume and are suitable to be covered on CoinSutra.
Until then, use the comment section below to share other exchanges that offer a low trading fee. Let’s keep learning about the cryptocurrency revolution together 🙂
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