Crypto trading is a versatile tool to make a profit as the prices of popular cryptocurrencies fluctuate. But this kind of trading can’t be done anywhere, it requires a proper platform to exchange the cryptocurrency on. That is where crypto exchanges come in.
If you want to start trading, it’s important to first read cryptocurrency exchanges reviews to choose the best platform for your goals and skills.
Here Are Five Crypto Exchanges With The Lowest Fees
In this article, we will cover the top five cryptocurrency exchanges with the lowest fees, so you can get into crypto trading without having to worry too much about costs.
Let’s get into it.
1. Uphold
The Home for Altcoins, Uphold permits its more than 10 million users to buy and sell 200+ digital currencies, 27 national currencies, four precious metals, equities, commodities, and 50+ stocks in over 150 countries. The digital currencies include the likes of BTC, ETH, XRP, and XDC while the four precious metals that can be traded are gold, silver, platinum, and palladium.
The platform is completely reserved and transparent to ensure the security of users’ funds and also offers trading and crypto custody products for individuals, businesses, developers, and affiliates. There is no demo account, but the minimum deposit is $1 with a trading fee of 1.5% on Bitcoin and Ethereum. However, there is no withdrawal fee.
Features
- Easy account setup.
- Guidance on cryptocurrency trading and ideas.
- 50 simultaneous limit orders without upfront funding.
- Ability to transfer funds to other Uphold users with just an email address.
- Intuitive Android and iOS apps in addition to the web version.
- Free web wallet.
- Crypto price monitoring.
- Auto trading.
- Transparent balance sheet.
2. Coinmama
A centralized crypto exchange, Coinmama lets users trade cryptocurrency with local, easily available methods. The exchange is one of the oldest in the industry and ranks as one of the best Bitcoin exchanges with over 3 million users across 188 countries.
Buyers are offered multiple payment options, including VISA, SEPA, MasterCard, bank transfer, FasterPayments, Fedwire, Apple Pay, Google Pay, and Skrill. However, sellers can only receive fiat in their bank account.
The platform offers low trading fees ranging from 0.99% to 3.9%, which depends on the Loyalty Level of the user’s account. There is also detailed information available on Bitcoin’s limitations and features, a perk of the exchange’s leaders being from different financial markets and focusing on a customer-centric platform. There are just two downsides; some privacy concerns and a lack of a personal wallet.
Features
- Offers Bitcoin and nine other cryptocurrencies.
- Has a loyalty program
- One of the fastest Bitcoin exchanges worldwide, available in almost every country.
- Simple and easy to use with exceptional customer service.
- Offers tutorials for various crypto trading issues.
- High-ticket buyers have level 4 reservations.
- No charge for withdrawals and deposits.
3. Binance
One of the largest cryptocurrency exchange apps in terms of trading volume, Binance also happens to be one of the cheapest. While the charges vary between VIP categories, both the maker and taker fees are between 0.0525% and 0.1%.
The minimum deposit is $10 and demo accounts are available. This makes the platform suitable for both beginners and experienced traders looking to take advantage of the analytics and trading options offered. All you have to do is create your online wallet, and then you can either trade cryptocurrencies and NFTs or mine to earn interest.
The platform enables its more than 100 million users from counties like the US, Europe, Australia, and Africa to trade 150 cryptocurrencies and coins including popular options like Bitcoin, Ethereum, Litecoin, and the exchange’s own NB coin.
Features:
- Regulated by numerous governments across the world.
- Easy to use.
- One of the lowest cryptocurrency fees available in the market.
- Ability to buy crypto using a debit card.
- Two versions are available; Binance Lite or Binance Pro.
- Over 500 cryptocurrencies.
- Two-factor authentication.
- Not decentralized, so your crypto wallet keys are kept by the company.
- The platform accepts BNB for payments and allows peer-to-peer (P2P) trading.
4. Crypto.com
Boasting a vast coverage of 90 countries with 80 million users and 3,000 employees, this centralized crypto exchange is both easy to use and cheap with a good crypto coin portfolio. The maker and taker fees are 0.4% with a 0% deposit fee and 0.0001 BTC Withdrawal Fee.
Through the platform’s Visa card and bank account, users can buy over 250 cryptocurrencies with fiat money. The card also lets users access, manage, and spend crypto on Visa ATMs and stores worldwide.
The exchange lets both beginners and experienced traders leverage crypto research and analysis to improve their trading strategy. Security measures are taken to protect users from hackers and scammers, along with preparations to recover all cryptocurrencies in case of losses.
Features:
- Has cryptocurrencies unavailable on other platforms?
- Simple interface and high-security levels.
- Offers convenient portfolio diversification.
- A variety of payment methods and a simple process of converting to cryptocurrencies.
- Margins of up to 10x the initial order amount and collateral-less loans.
- Over-the-counter trading with a complex discount framework.
- Offers advanced features like futures and NFTs.
5. Coinbase
A simple but highly secure platform for storing, transferring, selling, and buying cryptocurrency, Coinbase is the U.S.’s most popular crypto exchange. The platform allows the trade of cryptocurrency between merchants, friends, and other online wallets, backing up all its data for extra security.
With a low trading fee of $0.99 to $2.99 depending on the dollar value, 0% deposit or withdrawal fees, 0.4% maker fees, and 0.6% taker fees, the exchange is considered to lower the barrier of entry into crypto in the United States and elsewhere. It offers a wide variety of cryptocurrencies along with insured custodial services. There is even a Pro version available with charting and indicators.
Features:
- Easy to use and convert cryptocurrencies.
- Low transaction fees.
- 96 cryptocurrencies, including Bitcoin.
- Enables users to develop applications on the platform.
- High liquidity so users can easily exchange crypto or find their trades.
Final Say
In conclusion, these five cryptocurrency exchanges are the cheapest platforms for traders and miners to use. However, you should carefully study each platform’s terms and conditions to determine which one suits your needs best. Also, analyze the interface and range of currencies available there before making your final decision.
Read Also:
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- How Financial Technology Can Help Put An End To Payday Lending
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