Cryptocurrency

Some Lowest Fee Crypto Exchanges to Have in your List

Having a list of exchanges with a fair fee can help you find the lowest fee crypto exchange. This is one of the most helpful tips that should be considered and followed by every novice crypto investor or trader.

The fee structure of an exchange is one of the most crucial aspects to consider because every exchange charges a fee that the users have to pay. However, the amount users have to pay varies from one exchange to another. Sometimes, the fee charged is not fair and also includes additional charges that are not disclosed to the users beforehand.

Using such an exchange cannot only put your safety at risk but it can also put your budget out of balance. Therefore, if you are new to the crypto space then make sure you choose a crypto exchange with lowest fees.

Here are details of some of the exchanges that are known to charge a low fee. You can take a look at the information mentioned below and choose the exchange that suits your needs the most.

Lowest Fee Crypto Exchange – FTX Exchange

The FTX exchange is one of the topmost crypto exchanges in the market. Among other features that it offers to the users, this platforms also known to be one of the cheapest crypto exchanges.

As mentioned above, the fee structure of an exchange is one of the most important aspects to look at. It can also be a deciding factor for many crypto investors and traders.

Therefore, if you are looking for a crypto exchange with lowest fees then FTX can be suitable option for you to consider. This exchange has a tier-based fee structure and charges trading fee based on what place you hold i.e. market maker or maker taker.

According to that structure, the FTX exchange charges:

  • 02% fee for market makers
  • 05% fee for market takers

The value of this fee also depends on the trading volume of the users. This means that as a trader, the more you trade, the more control you will have over the fee mentioned above.

Apart from the trading fee mentioned above, here are some more details to know about:

  • No fee required for making crypto transactions to and from wallets of users
  • If the deposit or withdrawal exceeds the trading volume the fee charged is 0.10%
  • VIP traders can get discounts on the fee

Binance Exchange

Binance is one of the lowest fee crypto exchanges in the world and is also known to be the largest one. This exchange is known for several reasons, as it offers some of the most unique and distinctive features to the users.

However, if the fee structure is the major aspect that you are considering while choosing an exchange then you need to know that Binance is one of the crypto exchanges with lowest fees.

This platform is known to offer a fair and transparent fee structure as compared to its competitors.

Here are some of the details you need to know about the fee charged by the Binance exchange:

  • Small percentage for spot trades or withdrawals
  • 04% to 0.1% fee for market takers
  • 02% to 0.1% fee for market makers
  • $1 to $15 withdrawal fee

PrimeXBT

One of the cheapest crypto exchanges in the market is PrimeXBT. This platform is one of the most popular crypto trading platforms among crypto traders.

This platform is known for more than its fee structure and is one of the leading crypto exchanges in the world. PrimeXBT is known to offer impressive customer support around-the-clock and offers several innovative trading options.

One of the most outstanding and distinctive aspects of the platform is its Covesting feature. This feature allows copy-trading and enables the novice crypto traders to copy the traders of the professionals. This makes it one of the top crypto trading platforms for the new traders and people who have a demanding schedule but want to trade crypto.

When it comes to the fee structure, PrimeXBT is one of the lowest fee crypto exchanges and does not have any hidden or additional charges.

Since this exchange offers access to several asset classes, its fee also varies from one asset class to another.

Here are the details you need to know as a potential user of the platform.

  • For indices and commodities: 0.01%
  • Digital currencies: 0.05%
  • For Forex majors: 0.001%

Final Takeaways!

If you are looking for the lowest fee crypto exchange, the fee charged is not the only aspect that you need to look for. It is also important that you take a look at other features offered to you. Then choose a platform that offers the most suitable features. Therefore, as a beginner, you need to know the above-mentioned options.

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