Top 10 Best Crypto Exchanges With Low Fees [2022 Ranking]
Trading cryptocurrencies can be done for two reasons: either to trade one digital currency for another that you wish to use or keep, or to generate a profit. The latter is highly speculative, and the majority of traders will rely on tried-and-true trading platforms, instruments, and tactics to generate gains.
Additionally, crypto traders must choose between trading raw crypto or crypto derivatives or products. Crypto derivatives consist of Exchange Traded Funds, Contracts for Difference, and Exchange Traded Notes, all of which are developed from cryptocurrencies.
The majority of crypto exchanges now utilize blockchain technology, which enables decentralized order books and decentralized storage and is more secure due to cryptography-based encryption techniques.
Cryptocurrency Exchanges: Fast Facts And Figures
• There are more than 300 crypto-only exchanges, excluding applications and platforms that combine stock and other asset trading with crypto trading. According to CoinMarketCp’s research, there are over 5000 available cryptocurrencies for trading.
• Cryptocurrency exchanges can be decentralized, requiring users to hold their own crypto wallet keys, or centralized, where the exchange controls the keys. Learn more about how cryptography operates to comprehend what keys are. Decentralized exchanges are seen as safer because a hacker cannot steal cash if the user possesses the keys, and even if an exchange is shut down, users can still reclaim their assets.
• Centralized and decentralized changes operate primarily through order books, where market makers (those putting orders) and buyers are matched (market makers). Crypto exchanges can accomplish this with algorithms.
#1) Pionex
Pionex is one of the first exchanges in the world to offer 18 free trading bots. Users can automate their trade 24 hours a day, seven days a week without constantly monitoring the markets. It aggregates Binance and Huobi Global’s liquidity and is one of the largest Binance brokers.
It provides a suite of robots, including Smart Trade Bot, Grid Trading Bot, Trailing Sell Bot, Spot Futures Arbitrage Bot, Martingale Bot, Rebalancing Bot, Dollar-Cost Averaging (DCA) Bot, and others.
It allows for manual trading via crypto-to-crypto conversions. Its cryptocurrency trading bot is an automated programme that executes buy and sell orders without requiring human intervention. It executes this transaction when certain predefined market conditions are met.
Features:
• Pionex offers retail investors 18 free trading bots.
• The trading fee is the lowest among the majority of the world’s largest exchanges.
The Grid Trading bot enables users to purchase low and sell high within a given price range.
• The Leveraged Grid Bot offers up to fivefold leverage.
• Spot-Futures Arbitrage bots enable retail investors to generate low-risk passive income. This method is anticipated to yield a return of 15 to 50% APR.
• The Martingale bot executes DCA buys and one-time sales to capture profit variations.
• The Rebalancing Bot assists you in holding coins.
• Dollar-Cost Averaging (DCA) Bot Establishes periodic purchases to counteract the effects of volatility.
• The Smart Trade terminal enables traders to configure stop-loss, take-profit, and trailing in a single transaction.
• MSB (Money Services Business) License approved by U.S. FinCEN.
• Pionex is a web-based platform that is accessible via all popular web browsers.
• The UI is totally customisable, and the time filters are also modifiable.
• It offers TradingView chart capabilities, built-in live chats, light and dark modes, etc.
Its transaction fees are 0.05% for the creator and 0.05% for the taker. The withdrawal costs can be viewed on the website.
Ratings: 5 Stars
#2) Bitstamp
Bitstamp is one of the top three regulated exchanges in the Euro and US Dollar markets (licenced to operate in the EU and US) and a leading fiat on/off ramp with agreements with more than 15 institutions that offer assured payment rails. Customers can obtain pricing information for major Bitcoin items, 24/7 customer service, and specialised account managers for partners via the exchange.
The exchange’s 4.6 million customers generated a trading volume of $463 billion last year. It presently offers trading, sending, receiving, and holding of over fifty crypto assets. It supports a varied customer base with its high liquidity, including ordinary traders, trading firms, developers interested in offering crypto-as-a-service, brokers, market makers, partners, and service providers.
Features:
95 percent of assets are stored offline.
All assets in storage and transit are covered by BitGo’s insurance coverage and supplementary criminal insurance.
• One of the Big Four audited.
• Up to 50,000 events per second are supported by the scalable matching trading engine.
• Instantaneous fiat cash entry/exit.
Pricing/Fees: Trading — 0.50% for $10,000 in trading volume and 0% for $20,000,000 in trading volume. Staking fees include 15% of staked rewards. Free deposits are available for SEPA, ACH, Faster Payments, and cryptocurrencies. International wire deposit – 0.05%; card purchases – 5%. Withdrawal fees for SEPA are 3 Euro, free for ACH, 2 GBP for Faster Payment, and 0.1% for international wire transfers. The withdrawal fee for cryptocurrencies varies.
#3) NAGA
The NAGA app and NAGA exchange enable traders to trade cryptocurrencies, stocks, CFDs, and more than 90 other financial assets and products using manual, automated, or copy trading bots.
The NAGA app enables anyone to imitate skilled traders’ deals and profit more from auto-trading with bots. Simply browse trader ranks based on profit achieved each day, week, month, or year; choose a trader, and follow their technique.
The NAGAX exchange, which has over 300 employees, enables users to trade cryptocurrencies on the spot market with numerous order types. It enumerates over 50 cryptocurrencies, including Bitcoin and Ethereum.
NAGAX levies fees dependent on user level, ranging from -0.04% Maker and Taker cost for the Base plan to 0.05% Maker and Taker fee for the Crystal plan. The plans are determined by the number of NAGA coins or NCC balance (0-1,000 for the lowest level, and 10,000+ for the greatest level).
Features:
• NAGAX also provides crypto wallets for storing, transmitting, receiving, and depositing cryptocurrency.
• Staking cryptocurrency to profit – 10+ assets supported with NAGA coin offering up to 20% APY
• Discover and collect exceptional NFTs from a variety of NFT artists. Artists can sell NFTs through a personalised storefront on the platform. Buying NFT requires NAGAX and ETH.
• Trading in training materials as a form of education.
• Subject to regulation by the Cyprus Securities Exchange Commission.
• Not available in the United States, Australia, and numerous other nations.
• Trade with up to a 1,000:1 leverage.
Spreads are only 0.1 pips on NAGA. $5 withdrawal costs. The inactivity fee for 3 months is $20. Rollover, swap, and additional fees may apply. NAGAX – Free cryptocurrency deposit. Maker and taker fees range from 0.4% (for a balance of 0-1,000 NGC coins) to 0.005% (for 10,000 or more NGC coins). The cryptocurrency withdrawal cost varies by cryptocurrency.
Rating: 4.7 stars
4) CoinSense
CoinSmart is a Canadian crypto exchange. It gives 24*7 support. It has a thorough identity verification system that is capable of identifying forged addresses and birth dates. It utilises a database supplied by data collection agencies. Users are provided cold storage for every cryptocurrency.
CoinSmart provides a variety of payment options, including Interac, SEPA, wire transfers, and all cryptocurrencies. It posts deposits to your account on the same day they are received. It processes requests for cash withdrawals within five business days. The account verifications are performed on the same day.
Features:
• CoinSmart employs a system of two-factor authentication.
• CoinSmart’s Advanced Trade tool provides experienced investors with the capabilities of limiting orders, stopping loss, and real-time graphing.
• It offers an order book feature for placing customised orders.
• The SmartTrade feature will allow you to trade from one cryptocurrency to another without the requirement of first trading Bitcoin or Ethereum.
• It contains tools that allow you to monitor all of your trades and trading activities.
Trading Fee: Bank Wire and Bank Draft transactions are free. Up to a 6 percent fee on credit and debit cards. 1% fee on all electronic funds transfer transactions, etc.
Rating: 5 Stars
5: Crypto.com
Crypto.com is available in 90 countries and has ten million users and three thousand workers. You can use the exchange’s crypto research and analyses as well as educational materials to learn trading from start or become a more proficient trader.
It enables users to purchase more than 250 cryptocurrencies with fiat currency using their Crypto.com Visa card and bank account. The Crypto.com card enables users to access, manage, and spend crypto at Visa ATMs and businesses worldwide at any time.
Features:
• Trade cryptocurrencies with leverage up to 10 times the initial order amount.
• Borrow up to 50 percent of your crypto collateral without selling your holdings.
• Hosted wallets featuring enhanced security.
• Off-exchange trading.
• Spot trading as well as derivatives.
• Support for NFTs.
From 0.4% maker and taker fees for Level 1 ($0 to $25,000 in trading volume) to 0.04% maker and 0.1% taker costs for Level 9 ($200,000,001 and above in trading volume).
#6) Binance
According to trade volume, Binance is one of the five largest cryptocurrency exchange apps. It supports 150 different cryptocurrencies and coins, including Bitcoin, Ethereum, Litecoin, and its own BNB token. It is presently operational throughout the United States, Europe, Australia, and Africa.
This year, the cryptocurrency exchange has announced that more than 100 million customers have utilised its services.
Features
• It enables two-factor authentication in addition to trading capabilities for more than 100 cryptocurrencies.
• It also enables crypto traders who wish to trade cryptocurrency using charts and indicators.
• Unlike Bisq, it is not decentralised, meaning that users will not have complete control over their crypto wallet because they will not have access to the wallet’s private keys; they are held by the firm.
• Binance is accessible in more than 180 countries worldwide, despite being prohibited in the United States.
• Users can purchase and sell cryptocurrencies using numerous payment methods, including bank transfers, cryptocurrencies, and credit cards.
Trading Fees vary depending on the VIP tier. The maker fee ranges from 0.0750% to 0.0525% for 30-day trading volumes of 50 BTC or less to 1,500 BTC or more. The taker fee fluctuates between 0.075% and 0.0525% for 30-day trading volumes ranging from less than 50 BTC to greater than or equal to 1500 BTC.
5 out of 5 stars.
#7) Bybit
Bybit is an intelligent and user-friendly bitcoin trading platform. It supports features and functions for the instantaneous purchase and sale of cryptocurrencies. It provides current market data. It has a track record of 99.9% availability, notwithstanding market volatility. 24-hour multilingual help is available. Bybit is founded on customer-focused principles.
Features:
ByBit has the most comprehensive market coverage in its industry.
• Its robust API facilitates high-frequency trading as well as lightning-fast market updates.
• Bybit is a platform with a cutting-edge pricing system, 100K TPS matching engine, HD cold wallet, and an intelligent trading system.
Regarding trading fees, please refer to the image below. It is for Trading Derivatives. The maker fee rate for Spot Trading is 0%, whereas the taker fee rate is 0.1% for all spot trading pairings.
Ratings: 5 Stars
#8) PrimeXBT
PrimeXBT’s trading platform is the best in its class, with access to worldwide markets and assistance available 24 hours a day, seven days a week. You can also earn on this site by inviting friends. It reimburses up to 50% of their trading fees.
Convesting is a more intelligent trading method that allows you to imitate the trading behaviour of the highest performing traders automatically. You can allow others to profit by following your trades.
PrimeXBT is a platform for trading Bitcoin, USD Tether, USDC, etc. on worldwide financial markets. With an account, more than 50 markets, including cryptocurrencies, stock indexes, and commodities, will be available for trading.
Features:
• PrimeXBT has garnered multiple international accolades for its exceptional online trading services.
• A vast array of markets will be accessible via PrimeXBT.
• It has reduced fees, faster order execution, and superior platform capabilities.
• It offers sophisticated trading tools.
Trading Fee: Account creation is free. PrimeXBT provides favourable trading conditions and reasonable fees. You can review the trading conditions and open a Margin, Convesting, or Turbo account. The trade charge for Cryptocurrencies is 0.05%, 0.01% for Indices & Commodities, and 0.001% for Forex majors, etc.
5 out of 5 stars.
#9) FixedFloat
FixedFloat is a user-friendly exchange platform that provides tools for maximising the utilisation of digital assets. FixedFloat can give a versatile, custom-tailored solution based on your needs. The service features a dedicated customer service staff. The solution has a sturdy design and delivers rapid processing.
Features:
• FixedFloat supports numerous currencies, including Bitcoin, Tether, USD Coin, etc.
• Completely automated operations
FixedFloat is cross-platform compatible.
It permits the exchange of digital assets using a lightning network.
Trading Charge: The trading fee for the fixed rate is 1% plus the network fee. The float rate costs 0.5% in addition to the network price. No hidden commissions exist.
5 out of 5 stars.
#10) ChangeNOW
ChangeNOW is a platform for limitless, non-custodial cryptocurrency exchange. It offers an exchange facility for Bitcoin to Ethereum, Ripple, XMR, etc. With this service, no account creation is required. It does not hold any money.
More than 400 coins will be available for the exchange. It imposes no restrictions on the trade and allows you to exchange as much as you like. With its fiat option, it facilitates the purchase of cryptocurrencies using Visa or MasterCard through a third-party partner.
Features:
• Support for over 70000 currency pairs.
• It delivers an incredibly quick and secure RealRates system.
• This platform is completely secure, offers non-custodial service, and does not hold funds.
• It enables instantaneous crypto exchange.
According to reports, ChangeNOW’s transaction fees range from 0.5% to 4%.
5 out of 5 stars.
#11) Coinmama
Coinmama facilitates the purchase and sale of cryptocurrencies with locally available methods and currencies. VISA, SEPA, MasterCard, bank transfer, Apple Pay, Google Pay, and Skrill are among the payment options. When selling, only fiat can be received in your bank account. The exchange is one of the oldest in the industry and is currently utilised by more than 3 million individuals in 188 countries.
When purchasing Bitcoin and other cryptocurrencies on the site, you are not required to make a deposit, and the cryptocurrency will be sent to your external wallet within an hour. Because you first join up and authenticate an account before buying, you can follow the ongoing and prior orders.
Features:
• Academy – learn to trade cryptocurrencies.
• Loyalty scheme
• Utilize the company’s White Glove Service to construct a crypto portfolio of up to $100 million in value over the long run.
• Maximum daily purchases of $50,000 for SEPA, SWIFT, and Faster Payment; $750 for credit and debit cards.
• One to three business days to purchase, depending on payment type.
• Sell up to $15,000 worth of cryptocurrency and receive bank cash.
Trading fees are as follows: 0% for SEPA, 0% for SWIFT for orders above $1000 (else 20 GBP), 0% for Faster Payments in the UK only, and 4.99% for credit/debit cards.
12) Cash App
Cash Software by Square is a wildly popular iOS and Android app for sending and receiving peer-to-peer funds in the United States, as well as in a large number of other countries.
It does not charge for money transferred or received using bank accounts and debit cards, but there is a 3% cost for payments made with credit cards and a 1.5% fee for fast bank deposits.
Currently, it functions as a cryptocurrency exchange, allowing users to purchase and sell cryptocurrencies within the app. However, it only supports Bitcoin, with the promise of adding support for other cryptocurrencies in the future.
Features
• It is peer-to-peer, allowing you to send funds directly from your wallet to other users without any intermediaries.
• Users of Bitcoin have a high transaction limit of $100,000.
• Cost-effective sending and receiving through banks.
• Simple to use.
• Expensive for credit card holders.
• Currently accepts only Bitcoin and no other cryptocurrencies.
Sending and receiving are free of charge via banks. There is a 3% fee for credit card payments and a 1.5% cost for quick bank transactions.
4.5 out of 5 stars
#13) Bisq
Bisq is a desktop and mobile (iOS and Android) application that enables users in their native countries to purchase and sell Bitcoins in return for their local currencies. It is peer-to-peer because you may transmit and receive crypto directly from individuals.
Users pay trading fees with Bitcoin. In this scenario, people placing trades or orders worth 1 BTC on the platform (makers) pay 0.10%, whilst those purchasing or accepting the orders (takers) pay 0.70%.
Traders may also choose to pay in the BSQ cryptocurrency, for which they pay 0.05% when placing an order with a 1BTC value as the maker, and 0.35% when acting as the taker.
A government-issued ID is required to open a savings account, however it is not mandatory for crypto traders.
Features
• Distributed with no single point of failure.
• There is no KYC need for identification.
In addition to allowing mobile payments, 26 payment methods are available to users.
• Users will encounter sluggishness with certain payment methods.
• Volumes of transactions are low.
Makers pay a transaction charge of 0.10%, while takers pay 0.70%.
4.5 out of 5 stars
#14) Kraken
Kraken, which is headquartered in the United States and has been operational since 2011 and is accessible in 48 US states and 176 countries, is available internationally. This exchange supports and lists forty coins, including the most popular such as Bitcoin.
Kraken is, in fact, one of the top 10 largest cryptocurrency exchanges based on daily market transaction volume. Unlike its competitors Binance and Coinbase, it has never been hacked, making it an extremely secure platform for trading.
Features
• It is regarded as a highly secure trading platform.
• Low fees, lower than those of Coinbase.
• Among other choices, users can pay for trades with MasterCard, Wire Transfer, and Bank cards.
• Forty distinct cryptocurrencies are available for trade.
• Has a mobile application.
• Also provides analytical tools for cryptocurrency traders, similar to Coinbase.
• No social or copy trading is permitted.
• The maximum daily trading volume is $100,000.
The maker charge varies between 0.16% and 0.10% for 30-day transaction volumes between $0 and $500,000. The taker charge fluctuates between 0.26 and 0.20 percent for 30-day transaction volumes between the same amount.
4.5 out of 5 stars
#15) Bittrex
Bittrex allows crypto-to-crypto trading and lists the largest number of cryptocurrencies, over 190, with which users can trade. The exchange is regarded as highly secure and quick in executing trades, albeit poor in support.
Bittrex, which is headquartered in Seattle, Washington, was founded in 2014, and the team behind it has more than 50 years of expertise at Microsoft, Amazon, Blackberry, and Qualys, among others. The exchange’s 24-hour trading volume of $225,425,248 places it among the top 15 or among the largest exchanges.
In addition to the high level of security and speed with which trades are executed, you also benefit from minimal fees – a flat charge of 0.25% per deal, which is the simplest fee explanation we’ve seen for cryptocurrency exchanges.
Features
• Clearer and simpler charge structure than the majority of exchanges.
• The platform must support a significant number of crypto pairs for trading.
• It is safe to use and requires minimal information from users for verification purposes. The crypto’s verification service, Jumio, can verify 100 million persons in 200 countries. Users need to provide their names, addresses, and dates of birth to identify themselves.
• Can be used or is accessible throughout the majority of the world’s nations.
• The exchange does not permit trading in fiat currency.
• Has a history of bad customer service and pump-and-dump fraud allegations.
Bittrex charges a flat cost of 0.25% for all trades as its trading fee.
4.5 out of 5 stars
The Coinbase
The most popular cryptocurrency exchange in the United States is Coinbase. It was established in 2012 and is completely regulated and permitted to operate in over 40 states and territories around the United States.
It is considered the one that reduces crypto entrance hurdles in the United States and other nations. It is simple to use and provides secure custody services. It supports numerous digital currencies. The Pro edition allows users to trade cryptocurrency using charts and indicators at a discount.
Features
• It supports Bitcoin and numerous other cryptocurrencies.
• The liquidity or daily trading volumes are very strong, allowing individuals to readily discover their trades or swap cryptocurrencies across a wide variety of possibilities.
• It is not decentralised, unlike alternatives such as Bisq, meaning that users cannot control custody of their crypto assets and money as they would if they possessed the crypto wallet keys. This could be risky in the event of a cyberattack or unexpected closing.
The trading fee ranges between $0.99 and $2.99, based on the dollar value.
4.5 out of 5 stars
#17) Swapzone
Swapzone is a cryptocurrency exchange that allows users to trade over 300 coins without registering. This is a really positive development for crypto traders looking for anonymity.
This cryptocurrency exchange facilitates instantaneous crypto coin and cryptocurrency trading. It functions as a crypto exchange aggregator, allowing users to compare prospects for exchanging cryptocurrencies among exchanges.
Thanks to API, whenever a trader discovers an opportunity, he or she will be able to exchange coins without leaving the platform. Traders can sort transactions by best rates to facilitate comparison. It was established in 2020.
Features
• A user is not required to have an individual account.
• Internal cryptocurrency exchange with the user, without the need to leave the service.
• Over 300 cryptocurrencies and coins are supported for trade.
• Provides a support crew available 24/7.
• Streamlined API integration
Trading Fees: As a crypto aggregator, you determine the rates on it, which may vary between crypto exchanges, prior to trading.
4.5 out of 5 stars
#18) Xcoins.com
Xcoins.com is a cryptocurrency exchange established in Malta that supports the trading of various pairs of cryptocurrencies in over 100 countries via a variety of payment options, including Wire Transfer, Credit Card, and PayPal. The company behind the cryptocurrency exchange was founded in 2016 and is situated in the United States.
The exchange was founded with the intention of making Bitcoin purchases easy and frictionless for beginners and crypto novices.
The disadvantage is that there is a high processing fee of 5% for those who pay with credit or debit cards. It has a healthy daily trade volume of approximately 1000 BTC. The transaction is also non-custodial.
According to online reviews, the exchange has conducted transactions totaling over 125 million dollars for over 250,000 clients in 167 countries.
Features
• Processing costs for debit and credit cards are 5%. This is a normal cost, but the majority of big cryptocurrency exchanges charge approximately 3%.
• It is non-custodial, meaning that it does not provide digital wallet services.
The trade is simple for novices. Registration may be completed in less than two minutes.
• Can be used in over 167 countries to purchase and sell cryptocurrencies.
• Orders are processed in 15 minutes, which is quite slow compared to many other exchanges that process orders virtually instantaneously. Those whose transactions are not finished within 15 minutes are not charged for their subsequent transactions.
• Offers superior customer service by live chat, phone, and email around the clock.
• User verification is very instantaneous and takes only a few minutes to complete. As proof of life, users must present driver’s licences, passports, national identification cards, and selfies.
• In Malta, where buying and trading cryptocurrencies is regulated, clients are required to provide KYC information.
• Although a mobile app is planned, it is not yet available. The site is responsive to mobile devices.
Trading Fee: 5% debit or credit card processing fees are assessed.
4.5 out of 5 stars
#19) CEX.io
CEX.io was founded in 2013 in London, and it enables users to purchase and sell digital cryptocurrencies, with withdrawals made using bank accounts, VISA, and other debit and credit cards. Few alternative payment options exist for crypto buyers, including Swift and cryptocurrency.
Those who trade substantial quantities of cryptocurrency are eligible for commissions. The exchange has announced that its cryptocurrency trading platform has more than three million registered customers.
The fact that it has never been hacked suggests that it is a safe and secure platform for crypto trading. As a customer, you also have access to two-factor authentication, anti-hacker security, and multisig account protection.
Features
• Offers clients service by email, phone, and live chat around the clock. 0705347905
• The exchange serves 99.9% of the world’s countries and 47 states in the United States.
• The commission for trading big amounts of cryptocurrency on the exchange is competitive. There are additional options available for market makers.
• The exchange employs sophisticated order matching algorithms to ensure the integrity of order books and order execution. This means that it is easier to locate your orders, and those who engage in high-frequency trading and scalping tactics can trade well as well.
The trading fee is dependent on the client’s 30-day trading volume. Those with a trading volume between less than or equal to 5 BTC and less than or equal to 100 BTC are charged a taker fee between 0.25 percent and 2 percent. The maker fee ranges between 0.16 and 0.12 percent.
4.4 out of 5 stars
Conclusion
The best cryptocurrency exchanges include those with secure, user-friendly platforms, significant trading volumes, the ability to trade different cryptocurrencies, and several payment methods.
