Choosing the lowest fee crypto exchange might not be the top priority for most traders, but it is an important factor that cannot be ignored. While choosing a crypto exchange, one has to consider multiple factors, including security, geographical restrictions, payment methods, and the trading fee. An ideal exchange strikes a balance between all these factors and provides a smooth experience to its users.
Why Choose Lowest Fee Crypto Exchange?
The lower the trading fee, the more profits you will get. Every exchange charges you a different percentage for trades and transactions, and you must opt for the one with reasonable fees.
You must also ensure that the exchange you are using is secure because a low fee won't matter if your funds are always at risk. There are plenty of secure and trusted crypto exchanges that offer low fees, and you can compare them to choose the one that best suits your need.
Let's take a look at some of the most secure and cheapest crypto exchanges out there that let you keep your profits high:
Binance
Binance is not only one of the biggest crypto exchanges in the world, but it is also one of the cheapest ones. If you are looking for the lowest fee crypto exchange, then you won't have to look any further than this crypto giant.
Binance was founded in 2017 and has become one of the most popular exchanges in the world in no time. It is bridging the gap between the crypto space and the general public with a user interface that simplifies crypto trading.
The trading fee on Binance can go as high as 0.1%, which means you will be paying around 0.05% to 0.1% for every trade you make. These rates are so competitive that some might argue that Binance is the cheapest crypto exchange of them all.
If you are new to crypto and are looking for an exchange with high security and low fee, then Binance is an ideal option for you.
Kraken
Kraken is arguably the lowest fee crypto exchange as the trading fee on the platform can range between nothing to 0.26%.
It is considered one of the most secure crypto exchanges globally and usually has a high trading volume. You can also find tons of cryptocurrencies on this platform and can trade them without any hassle.
If you are making small trades, there is a good chance you won't be charged a fee for that. However, you will have to pay a fee of 0.26% or lower for bigger trades, which is still an excellent deal.
ByBit
If you are looking for margin trading and want to avoid high fees on that, then ByBit is an ideal choice for you. ByBit is one of the fastest-growing crypto exchanges and has over one million registered users.
Bybit fees for the trades varies depending on your leverage and the cryptocurrency you are trading. The taker fee is usually 0.075%, and the maker fee is -0.025%. Also, the fee for withdrawal is 0.0005 BTC which is almost half the industry standard. It is one of the reasons why ByBit is considered one of the cheapest crypto exchanges.
Coinbase
When you compare Coinbase's fee with other crypto exchanges, there is a clear difference. It is certainly not the lowest fee crypto exchange, but it is on the list for good reasons.
Where Coinbase charges a fee a little higher than its competitors, it also offers a sublime user experience that no other crypto exchange provides. It is also one of the safest crypto exchanges out there, with no history of security breaches in the past.
The fee for Coinbase ranges between 1.49% to 3.99% and depends on several factors, including your region, trading amount, and your position in the trade.
How to Make Easy Trades?
It doesn't matter whether you are a beginner or an expert trader; if you want to make trading easy, you can simply try PrimeXBT Covesting. The exchange allows you to copy the trading moves of expert traders and executes them on your behalf. This means you won't have to worry about creating your own trades.
Conclusion
Choosing the lowest fee crypto exchange is not a priority for the majority of the traders, but it can help you save a lot of money. The trading fee is quite low on a handful of exchanges, and if you sign up on them, you will get to keep more profits.
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The crypto exchange which is on top for a very long period i.e Belpay exchange.
It is one of the most popular UK based crypto or bitcoin exchange.
In this article, you will be seeing about Belpay exchange and why it will be the most used cryptocurrency exchange for 2021.
