Lowest Crypto Spread Trading Exchange on Spot Market

Lowest Crypto Spread Trading Exchange – Spot Market

In this article, we focus on the crypto derivative exchanges with the lowest fees for futures and perpetuals.

We will cover the largest crypto trading platforms like Kucoin, Binance, Bybit and FTX.

What is a crypto spread?

A crypto spread is a gap between the bid and the asking price.

What does this mean?

If a trader asks for $51.000 for 1 Bitcoin and another trader is prepared to pay $49.000 for 1 Bitcoin the spread is $2000.

There is always a spread in an order book since all met trades are executed and disappear from the order book.

Why is the spread important?

The spread is essential since it is one kind of fee you pay for every trade. However, if you are a HODLer with a long-term investment strategy and will rarely make trades, it is not very important to analyze the spread.

However, if you are a frequent trader or even a day trader, the spread will be vital and can even be the difference between becoming a profitable trader or not.

Lowest Crypto Spread Trading Exchange - Diagram

There are different spreads in different order books. Since all the centralized exchanges have individual order books, other spreads exist in the same markets but on various exchanges.

For example, BNB/USDT spreads are different on various crypto trading exchanges.

We have compared the following crypto trading exchanges

  • Binance
  • Kucoin
  • Bybit
  • Crypto_com
  • Kraken 
  • MEXC Global

with regards to the spread on the following markets

  • AVAX/USDT
  • LUNA/USDT
  • SOL/USDT
  • DOT/USDT
  • ADA/USDT

Why did we choose these markets?

We want to cover large markets that people like to trade, but BTC/USDT and ETH/USDT are too liquid markets with high trading volumes. When there are high trading volumes and liquid markets, the spread becomes negligible at 0.01% on all exchanges and markets.

Lowest Crypto Spread Trading Exchange on Spot Market from Binance Kucoin MEXC Crypto.com and Kraken

In the diagram above you can see all the crypto trading spreads for five of the most traded markets on Binance, Kucoin, Bybit, Crypto.com, Kraken and MEXC. The data was collected from Coingecko in April 2022.

Lowest Crypto Spread Trading Exchange - Table

Below, you find the same number but in a table format. We can easily read out that in most cases, the spread is negligible. However, for MEXC the spread is much larger than the other trading platforms. 

It would be best to consider such a big jump when selecting what crypto trading platform you should go with.

Especially since MEXC is not offering the lowest crypto exchange spot trading fees either.

More things to consider

Will Update Shortly

Slippage

Will Update Shortly

Trading Fees

Will Update Shortly. For the moment see Crypto exchanges with the lowest spot trading fees

Listed Markets

Will Update Shortly. For the moment see article about crypto exchanges with most listed markets and cryptocurrencies.

KYC Requirements

Will Update Shortly. For the moment see article Non-KYC verification withdrawal limits among different crypto exchanges.

Accepted Regions

Will Update Shortly

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