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Crypto Trading Platform with Lowest Fees

In this guide, we provide our readers with an answer to what crypto trading platform offers the lowest trading fees. 

We go through some of the top Bitcoin trading sites for cryptocurrencies in terms of their expenses. 

We also provide a short description of spreads and differences these have against trading costs.

Crypto Trading Fees VS Spreads on Platforms

All trading platforms have two choices to charge their cut from your investments. Some use trading fees while others opt for spreads. 

Fees are classic expenses for your trades, where you pay to put a percentage of the total value your order has. Their level usually depends on monthly activity (volumes achieved) or the expense might fix itself regardless of the trade value.

Spreads, on the other hand, define the buy and sell price of the cryptocurrency before one can even create an order. Traders pay a part of the bitcoin’s value and need to earn above the mentioned difference to make a profit.

In many cases, trading with platforms that implement fees transparently is a lot cheaper way to make money trading cryptocurrencies.

Crypto Trading Deposit Fees

Apart from trading expenses, no matter if they are spreads or regular fees, investors should take a look at deposits/withdrawals. 

Funding your account through fiat or crypto does come with own set of fees that can be expensive. Thus, we made a review that you should check out for those websites that offer lowest deposit fees.

Additionally, investors should understand that exchange rates also account as fees. The difference from industry average can be quite large, in some cases over 5% at some platforms. If doing a margin trading, make sure you account for interest rates while lending from the platform.

Leverage is borrowing from the market and to understand the cost structure and function itself better, read our guide about it. Lastly, traders should always account for taxes if their country implemented crypto regulations.

Crypto Trading Platforms with the lowest fees

The platforms that offer the lowest fees for cryptocurrency trade can be found below. As you can see in all the screenshots below there is always a maker fee and a taker fee.

Maker fees are paid when you add liquidity to the order book. This is done by placing a limit order below the ticker price for buy, and above the ticker price for a sell order. Simply, you add an order to the order book.

Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. Simply, you remove one order from the order book.

Read our full article about maker and taker fees on Bitfinex and Binance.

BitMEX trading fees

Apart from regular maker/taker structure, the platform offers reimbursements for short funding. When short leveraging bitcoin, account for a rebate of -0.0111% while Ethereum shorting has -0.1753%. BitMEX also has leverage rate of 100x as its highest point, used for bitcoin. You can read more about leverage trading in our separate guide.

Binance trading fees

Binance is offering trading fees from 0.02% to 0.1% if BNB is used for payment. If not, the fee structure changes slightly into 0.015% to 0.075%.

Binance trading fees actually have a quite complicated fee structure dependent on if you pay your fees in their native token, Binance Coin (BNB).

In the screenshot below you can see the full trading fee table from Binance.

Many traders are interested in shorting so we did a guide on how to short Bitcoin on Binance?

Bitfinex Trading Fees

The third place is shared by two platforms, Bitfinex and Poloniex, as they share a similar structure. Their structure ranges from 0% (maker) to 0.20% (taker).

As you can see in the screenshot below Bitfinex charges a dynamic crypto trading fee depending on you order execution volume per 30 days.

Read the full Bitfinex review for more information about the trading platform.

Crypto Trading Platforms with the lowest fees

In this guide, we answered what crypto trading platform offers the lowest trading fees. As a result of our investigation, many platforms compete closely for the top spot, including, BitMEX, Binance, and Bitfinex. See the full list with reviews on our page with the top Bitcoin trading sites.

Others trail very short of these marketplaces, meaning that traders do have a choice when crypto trading is in question. Read more about maker and taker fee.

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