Things to know to get the most out of this guide:
- Understanding the different types of charges
- Comparing fee structures
Things to know before commenting on this guide:
No technical knowledge required to understand this article on cryptocurrency trading platform fees.
Buying crypto is one thing, but having to pay transaction charges is quite another, and often a lot less pleasant! That’s why investors are looking for reasonable crypto exchange fees, whether in terms of buying, reselling or even transferring. In this article, we invite you to discover our selection of the best crypto exchanges with low fees, so you don’t have to spend a small fortune in additional costs!
The Different Crypto Exchange Fees
In crypto, investors have to pay two main types of fees: trading fees and withdrawal fees. In rare cases, additional fees may be charged by exchange platforms (which, in this case, are small exchange platforms looking for funds).
Before taking a look at the platforms with the lowest trading fees for crypto, let’s see the different kinds of fees that may be charged:
Trading Fees
Trading fees can be of two types:
- a single, predefined percentage applicable to everyone;
- a variable percentage for buyers, sellers and market makers.
Makers are those who add liquidity to the market. Their goal isn’t selling. They often benefit from lower fees! On the other hand, the main objective of buyers and sellers is to recover money fairly quickly.
Withdrawal Fees
Withdrawal fees are imposed by exchanges that see users withdraw their cryptos in order to transfer them to a cold wallet, another exchange or directly into their pockets. If you are planning to make withdrawals, opting for an exchange platform with relatively low fees (or even zero fees to some extent) can save you several hundred or even thousands of euros. Now we are ready to compare crypto exchange fees. Let’s go!
What Cryptocurrency Exchange has the Lowest Fees?
If you are wondering what exchange has the lowest fees, the answer is easy. Generally speaking, the cheapest ones are the most well-known ones. Thanks to their larger user base, they can afford to apply lower fees than lesser-rated platforms. Here is our crypto exchange fee comparison:
Binance
Binance has perhaps the lowest crypto trading fees. In fact, only 0.1% is charged for buying and selling. Better still, if you trade BNB, Binance’s native token, the fee goes down to 0.075%.
On the other hand, withdrawal fees are 1% if you withdraw in EUR. However, if you withdraw USD, a fixed amount of USD 15 is deducted from your transaction. Once again, this remains very affordable, even if other platforms seem to be a little more advantageous…
| Binance fees | Amount |
|---|---|
| Crypto purchase fees | 1.8% for direct crypto purchases (by bank card) |
| Withdrawal fees | Varies according to digital currency |
| Trading fees | 0.10% for Makers and Takers |
| Crypto sending fees | Not available |
| General accessibility of Binance fees | 8/10 |
- Competitive transaction fees: With trading fees of just 0.1%, Binance is one of the most affordable exchanges around.
- Wide range of cryptocurrencies available: Binance offers an impressive selection of cryptocurrencies, allowing users to diversify their portfolio easily.
- User-friendly platform: Intuitive user interface suitable for beginners and experienced traders alike.
- BNB rewards programme: Users benefit from discounts on fees when they use BNB, the platform’s native currency.
- High crypto purchase fees for direct card purchases: A fee of 1.8% is applied when purchasing cryptos directly by credit card.
- Variable withdrawal fees: Withdrawal fees can be relatively high and vary depending on the cryptocurrency.
- Complex for newbies: Despite its user-friendly interface, the myriad of options and functions can be complex for new users.
- Compliance and regulations: Binance has faced regulatory compliance challenges in several countries.
Coinbase
Continuing with our crypto exchanges fee comparison, Coinbase is one of the most expensive cryptocurrency exchange platforms (at least, among the main actors on the market). In fact, it costs 1.49% to buy or sell cryptocurrency. This figure rises to 3.99% if you buy your token (whatever it is) by credit card.
But what about withdrawals? Withdrawals by SEPA transfer are charged at 0.15 euro cents, which really isn’t much. On the other hand, if you make a withdrawal directly using your bank card, the fee rises to 2%, with a minimum of 0.55 euros. On large sums, this can represent quite a bite.
| Coinbase Fees | Amount |
|---|---|
| Crypto purchase fees | Up to 3.99% for direct crypto purchases (by bank card) |
| Withdrawal fees | From €0.15 up to 2%. |
| Trading fees | 0.00% for Makers and 0.001% for Takers |
| Crypto sending fees | Not available |
| General accessibility of Coinbase fees | 7/10 |
- Simple withdrawal fees: For SEPA transfers, fees are as low as €0.15, making them extremely affordable for users wishing to withdraw funds from their bank accounts.
- Volume-based discounts: For users who engage in high volumes of trading, the Maker and Taker fee model offers the potential to reduce fees, encouraging consistent trading across the platform.
- High fees: Transaction fees on Coinbase are among the highest on the market, especially for small credit card purchases.
- Complex pricing strategy: Coinbase’s fee structures can be difficult to understand, which could put off less experienced users.
- Limited payment options: There are fewer methods of withdrawing funds compared with some competitors.
PrimeXBT
- Intuitive user interface
- Wide range of markets
- High-level security
PrimeXBT
ByBit
Bybit is a cryptocurrency exchange that stands out for its competitive fee structure, particularly in derivatives trading. The platform does not charge liquidation fees for perpetual and futures trading, which is a major plus for high-volume traders. In addition, Bybit takes a transparent approach to fees, allowing users to easily calculate the cost of an order via its interface.
Trading fees on Bybit vary depending on the market: Spot, Derivatives, Options and Institutional Services. This diversity allows traders to choose the product best suited to their trading strategies while keeping the associated costs under control. The platform also encourages the use of ‘Order by Cost’ when trading USDT contracts, simplifying investment management.
Despite these advantages, it is important for users to familiarize themselves with Bybit’s specific fee structure, which can change depending on a number of factors. The clarity and accessibility of fee information is crucial to an optimal trading experience.
| ByBit Fees | Amount |
|---|---|
| Crypto purchase fees | Varies depending on product |
| Withdrawal fees | Varies depending on product |
| Trading fees | Varies depending on product |
| Crypto sending fees | None for perpetual and futures trading |
| General accessibility of Crypto.com fees | 8/10 |
- No liquidation fees: An important differentiation for traders active in the perpetual and futures markets.
- Transparent cost structure: Makes it easier for users to understand and calculate costs.
- Diversity of trading products: Offers a wide variety of options to meet the needs of different types of traders.
- Complexity for beginners: The diversity and specificity of fees can be confusing for new users.
- Variability of fees: Depending on the type of market and trading volume, fees may vary, requiring constant monitoring.
- Competition: Other platforms may offer more attractive fee structures for certain users.
Kraken
Kraken is one of the exchanges that can be considered fairly expensive in terms of trading and withdrawal fees. The exchange charges 0.9% for each stablecoin transaction (USDT, USDC, etc.) and 1.5% for each token. In addition, there is a 3.75% fee, plus 0.25 cents for payments by card and decentralized wallet. As with Crypto.com, withdrawal fees vary depending on the token. For more information, you can visit the Kraken support page.
| Kraken Fees | Amount |
|---|---|
| Crypto purchase fees | 0.9% for stablecoins and 1.5% for other cryptos |
| Withdrawal fees | Varies depending on token |
| Trading fees | Varies depending on transaction volume |
| Crypto sending fees | Not available |
| General accessibility of Kraken fees | 7/10 |
- Reduced trading fees for large volumes: Kraken offers a sliding scale of fees according to the volume of transactions, which can be very advantageous for traders carrying out large operations.
- High upfront fees for small amounts: With transaction fees of 0.9% on stablecoins and 1.5% on other cryptocurrencies, small investors may find these costs prohibitive.
- Additional fees for specific payments: The addition of charges of 3.75% plus €0.25 for card payments and decentralised wallets can significantly increase the total cost of a transaction.
- Variable withdrawal fees: Fees vary depending on the token, which can lead to uncertainty as to the final costs for users.
Kraken
- Great customer support
- Secure exchange
- Lower fees with Kraken Pro
Kraken
Kucoin
An essential platform that we couldn’t leave out from our cryptocurrency exchange fees comparison. Kucoin has some of the lowest fees to buy crypto… at least on the face of it. In fact, they are 0.1% per purchase or resale order. Enticing, isn’t it? But then there’s the spread. The spread is the brokerage fee.
In terms of secondary fees and withdrawal fees, you need to allow 3 to 4% for a deposit by bank card (SEPA transfers and transfers from a crypto wallet are free). For withdrawals, stablecoin is taxed at USD 35, BTC at 0.0005 and there is no real information on fiat withdrawals.
| Kucoin Fees | Amount |
|---|---|
| Crypto purchase fees | Transaction fees are charged when buying cryptocurrencies with a bank card |
| Withdrawal fees | 3 to 4% for a deposit by bank card (SEPA transfers and from a crypto wallet are free) |
| Trading fees | 0.1% for most trading pairs |
| Crypto sending fees | Varies depending on token |
| General accessibility of Kucoin fees | 8/10 |
- Trading fees: These are relatively low at just 0.1% for most trading pairs, which is competitive on the market.
- For deposits: SEPA transfers and transfers from a crypto wallet are free, representing a significant saving for European users and crypto enthusiasts.
- Adding the spread to the trading fees can increase the total cost of the transaction, making the initially low fees less attractive.
- Withdrawal fees for stablecoins and BTC are substantial, at USD 35 for stablecoins and BTC 0.0005 for Bitcoin respectively, which can become onerous for traders making numerous transactions.
- Fees of 3 to 4% are levied on bankcard deposits, which can be a deterrent for those who prefer this method of payment.
Robinhood
Robinhood is one of the crypto platforms with low fees that you should know. For example, there are no deposit fees, no withdrawal fees and no volume-based pricing. The advantage of this platform is that it is easily accessible, especially for beginners.
However, it would appear that it is currently only available to US users, so you either need to live in the US or have a VPN to be able to use it. Another drawback is that Robinhood is mainly focused on traditional stock market stocks. At this stage, it only offers a few cryptocurrencies.
| Robinhood Fees | Amount |
|---|---|
| Crypto purchase fees | 0% |
| Withdrawal fees | 0% |
| Trading fees | 0% |
| Crypto sending fees | 0% |
| General accessibility of Robinhood fees | 10/10 |
- The advantages of fees on Robinhood are mainly related to their transparent and highly competitive structure. With no commission charges on purchases, withdrawals, trading, and sending crypto, Robinhood presents itself as an extremely cost-effective platform, especially for users who make numerous transactions.
- Accessibility limited only to users residing in the United States, or those who can afford to use a VPN, restricts universal access to the platform. Robinhood created its app for crypto trading in Europe in 2024, but the app is not yet popular enough.
Bitflyer
Bitflyer is one of the fifteen most widely used exchange platforms in the world, and therefore deserved a place in our cryptocurrency exchange fee comparison. The fees are quite attractive and easy to find, directly on the exchange support page. Trading fees are 0.2% if you trade less than €1 million. Withdrawal fees vary depending on the token. They are 0.0004 BTC for Bitcoin, 0.1 DOT for Polkadot and 0.005 ETH for Ethereum.
| Bitflyer Fees | Amount |
|---|---|
| Crypto purchase fees | A range of 0.1% to 6.0% can be applied |
| Withdrawal fees | Varies depending on token |
| Trading fees | Low fees based on transaction volume |
| Crypto sending fees | Not available |
| General accessibility of Bitflyer fees | 9/10 |
- Competitive trading fees of 0.2% for volumes of less than €1 million.
- A fee structure clearly presented on the platform.
- Fixed and relatively low withdrawal fees for major cryptocurrencies such as Bitcoin and Ethereum.
- Potentially high crypto purchase fees of up to 6%.
- No information on the cost of sending crypto.
- Fees can be considered high for traders with a large volume of transactions.
Gate.io
To buy crypto by bank card, you will need to add 0.08% to the total amount of your transaction (there may be some hidden charges, but the fee is still very attractive), making it one of the cheapest fees to buy Bitcoin. In terms of transactions, you will need to add 0.2% for each purchase or sale.
If you want to withdraw crypto with the lowest fees, this is the perfect platform: it applies none! In fact, Gate.io only charges transaction fees. So withdrawing cryptos or fiat currency will cost you absolutely nothing. That’s great news!
| Gate.io Fees | Amount |
|---|---|
| Crypto purchase fees | 0,08% |
| Withdrawal fees | Not available |
| Trading fees | From 0.2% depending on transaction volume |
| Crypto sending fees | Not available |
| General accessibility of Gate.io fees | 7/10 |
- Relatively low purchase fees at just 0.08%.
- No withdrawal fees, so you save on transactions.
- Competitive trading fees starting from 0.2%.
- There may be hidden charges during transactions.
- Crypto sending costs are not disclosed.
- Accessibility of fees could be improved, with a score of 7 out of 10.
Bitfinex
Bitfinex offers fees based on your profile. Are you a buyer or a seller? You will be charged 0.2% (less if you are investing huge sums, generally in excess of $500,000). For makers, fees vary from 0 to 0.1%! Interestingly, if you hold LEO, you will automatically receive a 25% discount on all your fees.
As far as withdrawals are concerned, the exchange operates in a fairly standard way. It costs 0.0004 BTC to withdraw Bitcoin. But here again, you could ‘cheat’, as some assets have no withdrawal fees. Stellar comes to mind here. As far as fiat withdrawal fees are concerned, you will have to pay at least $60.
| Bitfinex crypto exchange Fees | Amount |
|---|---|
| Crypto purchase fees | Varies according to your profile |
| Withdrawal fees | Depends on the token and blockchain used |
| Trading fees | Not available |
| Crypto sending fees | Not available |
| General accessibility of Bitfinex fees | 7/10 |
- Fees for makers can be as low as 0% to 0.1%, which is very competitive on the market.
- Possibility of reducing fees by 25% by holding LEO tokens.
- Some assets offer free withdrawal, such as Stellar, which can be a considerable advantage for the users.
- Purchase costs for takers are relatively high at 0.2%, and can be a brake on small investors.
- The fiat withdrawal fee is fixed at $60, which can be expensive if you are withdrawing small amounts.
- The lack of clarity over the fees for trading and sending crypto can lead to a degree of reluctance and mistrust from potential users.
Poloniex
The last platform we want to mention as part of our crypto exchange fees comparison is Poloniex. Trading fees are fairly affordable, at 0.1% for market makers and 0.2% for buyers and sellers. If you have a verified VIP account, these rates fall to 0-0.04% for makers and traders. Deposit fees are free. What about withdrawal fees? These actually depend on the cryptocurrency concerned. To withdraw BTC, you will need to pay 0.0005 BTC on top of the total amount.
| Poloniex crypto exchange Fees | Amount |
|---|---|
| Crypto purchase fees | 0.1450% for market makers, 0.1550% for takers (< $50,000) |
| Withdrawal fees | Varies depending on token |
| Trading fees | 0.1450% for market makers, 0.1550% for takers (< $50,000) |
| Crypto sending fees | Varies depending on token |
| General accessibility of Poloniex fees | 8/10 |
- Competitive fees: Bitfinex offers relatively low trading fees, which is beneficial for frequent traders.
- Degressive fee structure: The higher the volume of transactions, the lower the fees.
- No deposit fees: No fees for fiat or cryptocurrency deposits.
- High withdrawal fees for some crypto-currencies: Withdrawal fees can be significant for some currencies.
- Complexity for beginners: The pricing structure can be complicated for new users.
- Minimum withdrawal fees: Bitfinex imposes minimum withdrawal fees which can be disadvantageous for small amounts.
