Crypto Exchanges With Lowest Fees

This review will feature crypto exchanges with the lowest fees in 2023. Since fees are a big part of any trader’s or investor’s expenses, you should try to find a cheap exchange to be able to trade cryptocurrencies without worrying about trading fees eating you up constantly.

We are always battling with stop losses and wrong decisions in the market, so we need to rely on a good exchange to keep the cost of doing business to a minimum. All of the platforms below have very low trading costs and all of them have some special feature that makes them stand out.

Since our job is to review countless platforms every week we stumble upon some of the cheapest platforms on the market and we would like to share them with you.

This guide is meant to help you reduce your cost of doing business when investing or trading cryptocurrencies actively so we have included the best crypto exchanges with low fees.

The cheapest crypto exchange fees are very different from platform to platform and it also depends on where you live. If you are a US trader you need to get on a cryptocurrency exchange from the USA.

Lowest Fee Crypto Exchanges

After reviewing countless crypto exchanges we have made a list of the platforms with the lowest fees on the market. Select an exchange that is appropriate for your location in the list below.

1. BitYard – Best overall
2. BitMart – Best for USA
3. Bitget – Best for derivatives
4. Beaxy – Great option for USA
5. Indacoin – Best for UK
6. CoinSpot – Best for Australia
7. Anycoin Direct – Best for Europe
8. NDAX.IO – Best for Canada
9. Cointree – Great option for Australia
10. Binance – Good non-regulated option
11. ChangeNOW – Great overall

Read through the whole review to get more information about the exchange you might be interested in. If you are in a hurry, check the comparison table above to pick your favorite.

Crypto Exchanges With The Lowest Fees Reviewed

1. Prime XBT

Trading fees on Prime XBT

Prime XBT is on the number 1 spot for one reason.

Their basic trading fee is 0.05%!

This is half of Binance standard fee.

You need to trade a lot of volumes to get to this level on Binance and that’s not possible for everyone.

I was actually a bit shocked when I first saw this and I knew I had to try it out.

To be honest, I prefer to trade on this exchange above many other even though they have better trading interfaces.

If you are trading a lot of volumes, these fees help A LOT!

Also, if you are trading crypto with leverage on Prime it helps to reduce the costs with lower fees.

So, if you are a large crypto trader and looking for cheap costs, here is your king!

Supported coins

At the moment Prime XBT is supporting 5 cryptocurrencies.

• BTC
• ETH
• EOS
• LTC
• XRP

As their popularity is growing I’m sure this list will get bigger with time.

So far I’ve only seen happy traders on Prime XBT thanks to their fees.

And all big traders I know that are trading these coins are on this exchange.

Deposit methods on Prime XBT

You have two options on Prime XBT:

• Credit Card
• Bitcoin

Prime XBT is actually a partner with Changelly.

The number 5 exchange on this list.

When you buy crypto with a credit card on Prime XBT you will get redirected to Changelly for a minute.

Don’t worry, they will take good care of you.

I prefer to buy crypto with a credit card.

This is because I trust this exchange and it’s a little bit faster.

The credit card costs are the same on Prime XBT because they are using the same payment vendors as Changelly.

The payment vendor charges 5%.

Prime XBT Rating

There is not much to say about Prime XBT other than I’m very impressed.

I would love to see someone beat these costs one day.

Hopefully, it will be soon.

To learn more about Prime XBT, you can also visit our Prime XBT review.

2. ByBit

Trading fees on ByBit

The standard trading fee on Bybit is 0.075%.

This is just amazing.

When you use a market order and take orders from the order book, you pay this 0.075% fee.

But, when you are using limit orders and adding orders to the order book, ByBit will pay you!

That’s insane, think about it.

You can keep trading your favorite coins without paying any fee.

Instead, you will get paid by the exchange-

Supported coins on ByBit

ByBit only offers 4 cryptocurrencies to trade at the moment.

Here is a list of the currencies they offer:

• BTC
• ETH
• EOS
• XRP

This list of coins is not very long, but for all of you who happen to trade these coins.

Deposit methods on ByBit

ByBit only lets you deposit with cryptocurrency so far.

This might change but for now, you need to deposit the currency you would like to trade.

Just go to your Asset page and choose which coin you would like to trade and that’s it.

Click deposit and copy the coin address.

Go back to your other wallet and paste it.

It’s not a big obstacle to transfer your coins over and start trading.

ByBit Rating

So far ByBit doesn’t have the option to deposit funds with a credit card or with through a bank transfer.

This is okay considering the fee structure they have.

I’ve always enjoyed trading on crypto exchanges with low fees because it’s so important when you are an active crypto trader.

Most of my trading on Bybit has been in BTC and I’m very happy so far.

3. Binance

Trading fees on Binance

Binance is famous for many things, but they don’t get enough credit for its low trading costs.

0.10% is the exchange fee on Binance.

Ok, this table shows the absolute basic trading fee on Binance.

This is when you are starting as VIP level 0.

There are however many things you can do to lower your trading fees even further.

First of all, you can increase your trading volume and by doing this your trading fees will shrink.

If your monthly turnover reaches 50 BTC you have reached VIP level 1 and your costs are down to 0.09%.
Pretty nice.

You can shrink your trading costs like this until you have a fee of 0.02%.

That’s very low.

But there is a way to lower it even further.

I told you in the beginning that Binance has its own cryptocurrency, BNB.

Now, BNB has its own market to trade, and when you trade with this coin you reduce your fees by 25%.

Here is a fee table when you are using the BNB coin.

As you can see, on this market your basic trading fee is 0,075% from the start!

And from here you can go even lower.

To shrink this fee even further, there is only one thing you need to do.

Own more BNB!

Yes.

The more BNB coins you own on the exchange, the lower your trading fee gets.

Supported coins

Okay, so Binance has great trading costs.

But they also have a lot of coins to choose from.

Today, they have around 184 cryptocurrencies to trade.

This screenshot is from 31 December 2019.

I’m sure they’ve already added a few new coins this year, so go to the exchange and check them out.

Deposit methods on Binance

Binance will of course let you deposit with all of the most convenient methods, such as:

• Credit Card
• Bank Transfer
• Cryptocurrency

This has made trading Binance very easy for traders who want to get their cryptocurrencies fast.

This page will appear on the deposit page in the upper left corner.

Just choose Bank Card if you want to buy crypto with a credit card or the other payments if you prefer another payment method.

The Credit Card fees on Binance are also very competitive and some of the lowest out of all crypto exchanges.

The standard fee for credit cards is 3.5%.

The fees on cryptocurrencies are free.

That’s just like any blockchain transaction.

You go to your wallet on Binance and choose your coin.

Copy the address and paste it into your other wallet.

Choose the amount of crypto you want to transfer and click go!

Rating

There are many reasons to trade on Binance.

One is definitely because it is one of the most affordable platforms to trade crypto.

Related: Binance review

4. Cex.io

Trading fees on Cex.io

Cex.io is sharing this spot with Changelly as they both have a standard trading fee of 0.25%.

Take a look at this fee table from the exchange.

Now, remember that there is a difference between the Taker and the Maker fee.

The reason why the Maker fee is lower is that when you are making the market you are adding orders to the order book.

For example, when you use a limit order, this is an order that is resting in the order book until someone decides to trade it.

So in this case you are adding liquidity to the exchange order book.

And this is something you get thanked for with lower trading fees.

However, if you are a normal trader that likes to use the market orders to enter and exit the market, you are paying the Taker fee.

This is because you are taking orders that are resting in the order book.

Therefore, you are paying a little extra.

But to be completely fair in this case.

0.25% is nothing compared to some of the competition.

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If you take a look at the fee table again, you will see that there is a way of reducing your fee even more.

To lower your trading fee on Cex.io, all you need to do is trade more.

This might not be very easy for all crypto traders out there.

But if you are a large trader that likes to move a lot of size in and out of the market, this will benefit you.

The more you trade every month, the lower your costs get.

Very simple.

Supported coins on Cex.io

Cex.io has 8 cryptocurrencies to choose from.

These are mainly some of the major coins on the market.

If you are trading any of these coins you will enjoy trading them with some of the lowest fees out of any crypto exchange.

I’m sure more cryptocurrencies will be added to this list in the future as Cex.io is growing rapidly.

They have made buying and selling very easy on Cex.io.

You can choose any of the pre-set amounts, or type in your own amount to the right.

One more extra feature from Cex.io is the option to trade against other currencies.

If you are not using USD you have the option to trade these currencies as well.

As you can see there is also the option to trade with USDT stablecoin.

It functions as a digital version of the USD.

1 USDT = 1 USD.

Deposit methods on Cex.io

Cex.io lets you use these deposit methods:

• Credit Card
• Bank Transfer
• Cryptocurrency

You can however choose to make a bank transfer if you are not in a hurry and feel like that is the best option.

There will be an extra fee for depositing with a credit card, however.

It’s not a lot but every exchange has to put a processing fee on their card deposits.

Here is a table for the fees for credit cards.

The credit card fee on Cex.io is only 2.99%.

Very low to be a crypto exchange.

If you transfer funds from your bank account you can skip all costs.

It’s free!

So both trading and depositing are very cheap on Cex.io.

Cex.io Rating

You can scale down your trading fees with higher trading volume every day.

And they have a lower fee when you buy crypto with your credit card.

So they definitely deserve this number 4 spot on the list.

I’ve always enjoyed trading on Cex.io especially since they are keeping all their costs very low.

Or to find out more information about the platform, kindly check out our Cex.io review.

5. Changelly

Trading fees on Changelly

Changelly is on the number 6 spot on this list but that doesn’t make it a bad choice.

0.25% is the fee for exchanging coins on Changelly
This beats a lot of the competition on the market today and you can trade on this exchange without getting slaughtered by costs.

Take a look at this fee description from the exchange.

Changelly is an instant exchange and combining this with low trading fees makes them very attractive.

Instant exchanges are here to make trade and exchange between cryptocurrencies fast.

Now they also make it cheap!

Supported coins on Changelly

Changelly has a good variety of cryptocurrencies

At the moment they offer around 150 coins to trade.

What makes Changelly a really cool exchange is how the exchange operates.

It has an algorithm that scans the order books of some of the other secure cryptocurrency exchanges.

Poloniex, Bittrex, and Binance to mention a few.

This sophisticated algorithm is created to find the best offers for you, and it works.

Within milliseconds of choosing your coin, the algorithm will have found the cheapest rates for you on the market.

This is something that most exchanges can’t beat.

And the best part is.

You are trading on other exchanges without signing up for an account.

That’s pretty cool.

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In case there is a new coin on the exchange that you haven’t seen before.

Changelly will give you a short description of that coin to get you up to date.

Deposit methods on Changelly

Changelly has got some of the best variety when it comes to deposits.

You will not find an instant exchange with more options.

They give you the option to deposit with:

• Credit Card
• Cryptocurrency
• Bank Transfer
• Apple Pay

Take a look at this screenshot from the exchange trade section.

You can buy your favorite cryptocurrencies with any of these deposit methods.

Now, all coins will not be supported by all of these but most of the coins will.

This is a huge benefit.

How this works is pretty straightforward.

Look at the text that says “Powered by ….”

These are all payment vendors that have a partnership with Changelly and they handle the payment.

So when you decide to buy any cryptocurrency on this exchange, you go through these payment vendors.

Here is a take-out from the exchange.

This is the credit card fee charged.

These are standard costs in my opinion.

Many other exchanges charge deadly credit card fees, so this 5% + 5% is ok.

Remember that your credit card is only meant to be used once or twice maybe to buy a bunch of Bitcoin.

Then you are free to trade these Bitcoins into other coins.

Or if you want, you can buy a whole bunch of a specific altcoin.

Changelly Rating

Changelly has almost everything you can ask for, except a really good trading interface.

Now, this is not what they are built for.

They are here to deliver a lot of cryptocurrencies, fast.

And of course with some of the lowest fees out of all crypto exchanges on the market today.

To learn more about the Changelly platform, visit our Changelly review.

Which Crypto Exchange has the lowest fees?

At the moment, Prime XBT has taken the number one spot for low trading fees.

With a basic taker trading fee of 0.05%, they beat most of their competition.

But as you can see more crypto exchanges are catching up and they are not far behind Prime XBT.

ByBit and Binance are very close.

Binance also has a way of reducing trading costs even further with its native cryptocurrency BNB.

This makes it very beneficial to crypto traders who are trading very actively.

Conclusion

This article has been a rundown of the crypto exchanges with the lowest fees in 2023. As trading gets more complicated and short-term driven it is crucial to find an exchange with a good fee structure to keep costs down.

The team on Trading Browser has done the work for you and in this guide, you will be able to select between great names with a good reputation along with low exchange fees.

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