Trading fees can significantly eat into your crypto profits, especially if you’re an active trader. Choosing an exchange with low fees is crucial to maximizing your returns. To help you find the most cost-effective platforms, we’ve compiled a list of the top 10 crypto exchanges with the lowest fees in 2024.
Important Note: Fee structures can vary based on your trading volume, the type of order (market or limit), and the specific cryptocurrency pair. Always check the exchange’s fee schedule for the most up-to-date information.
1. Binance
- Maker/Taker Fees: 0.1% / 0.1% (can be lower with BNB token)
- Pros: Huge selection of cryptocurrencies, high liquidity, advanced trading features
- Cons: Can be overwhelming for beginners, customer support can be slow
2. Coinbase Pro
- Maker/Taker Fees: 0.5% / 0.5% (tiered fees based on volume)
- Pros: User-friendly interface, strong security, good reputation
- Cons: Limited selection of cryptocurrencies compared to Binance
3. Kraken
- Maker/Taker Fees: 0.16% / 0.26% (tiered fees based on volume)
- Pros: Secure platform, good for margin trading, excellent customer support
- Cons: Can have higher fees for smaller trades
4. KuCoin
- Maker/Taker Fees: 0.1% / 0.1% (lower with KCS token)
- Pros: Wide range of altcoins, user-friendly interface, low withdrawal fees
- Cons: Less established than some other exchanges
5. Gate.io
- Maker/Taker Fees: 0.2% / 0.2% (VIP tiers with lower fees)
- Pros: Large selection of coins, supports various trading types, good security
- Cons: Can be complex for beginners, customer support can be inconsistent
6. Bybit
- Maker/Taker Fees: 0.1% / 0.1% (negative fees for makers in some cases)
- Pros: Competitive fees, good for derivatives trading, user-friendly platform
- Cons: Limited selection of cryptocurrencies compared to larger exchanges
7. Bitfinex
- Maker/Taker Fees: 0.1% / 0.2% (tiered fees based on volume)
- Pros: Advanced trading tools, margin trading, good for experienced traders
- Cons: Can be complex for beginners, some past security concerns
8. Huobi Global
- Maker/Taker Fees: 0.2% / 0.2% (lower with HT token)
- Pros: Wide range of cryptocurrencies, good liquidity, user-friendly interface
- Cons: Some concerns about transparency
9. FTX (now bankrupt)
- Note: FTX was a major exchange known for low fees, but it filed for bankruptcy in late 2022. This highlights the importance of choosing exchanges with strong financial stability and security.
10. Crypto.com
- Maker/Taker Fees: 0.4% / 0.4% (lower with CRO token staking)
- Pros: User-friendly app, good for beginners, offers other crypto services
- Cons: Fees can be high for low-volume traders
Remember: This list is not exhaustive, and the best exchange for you will depend on your individual needs and trading style. Always do your own research and compare fees, features, and security before making a decision.
