This review will feature crypto exchanges with lowest fees 2021.
You should be able to trade cryptocurrencies without worrying about trading fees eating you up constantly.
Fees are a big part of traders expenses.
I’ve included some of the most important features for these exchanges like:
- Trading Fees
- Supported Coins
- Deposit Methods
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 these exchanges have very low trading costs and all of them have some special feature that makes them stand out.
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 lowest fees Compared
|Exchange||Coins||Payment Method||Trading Fee||Info|
Lowest Trading Fees!
No KYC-documents needed
Advanced trading interface
125x Bitcoin Leverage!
Buy Crypto with Credit Card
Only Crypto Deposits
Buy Bitcoin Instantly
Good for US Traders
Best for Beginners
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 there are more crypto exchanges 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.
Another reason to pick one of these exchanges is if you are trading a lot of size.
If you are a large cryptocurrency trader and you are moving a lot of size, you need to find an exchange with the lowest tradeing fees possible.
So let’s take a look at the top 6 picks for this list.
1. Prime XBT
Trading fees on Prime XBT
Which crypto trading platform has the lowest fees?
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 volume to get ot this level on Binance and that’s not possible for everyone.
I was actually abit chocked 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 volume, these fees helps 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!
At the moment Prime XBT is supporing 5 cryptocurrencies.
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 to options on Prime XBT:
- Credit Card
Prime XBT is actually a partner with Changelly.
The number 5 exchange on this list.
When you buy crypto with credit card on Prime XBT you will get redirected to Changelly for minute.
Don’t worry, they will take good care of you.
I prefer to buy crypto with 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 the 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.
But I wont stop trading on this exchange only because there is a new number one.
This is not only a crypto exchange with lowest fees.
It has my trust as well.
If you would like to trade on Prime XBT, click here to visit the exchange.
Trading fees on ByBit
Which crypto exchange has the lowest trading fees?
Standard trading fee on Bybit is 0.075%.
This is just amazing.
Another reason why ByBiy has deserved the number 2 spot of crypto exchanges with lowest fees is this.
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 favourit coins without paying any fee.
Instead you will get payed by the exchange.
Before I didn’t think I would see crypto exchanges with lower fees than 0.10%.
I thought Binance would be the number for ever.
But time has changed and there are new hungry exchanges on the block.
Supported coins on ByBit
ByBit only offers 4 cryptocurrencies to trade at the moment.
Here is a list of the currencies they offer:
This list of coins is not very long, but for all of you who happen to trade these coins.
You have come to trading fee heaven.
If you haven’t traded on ByBit before, you need to try it.
At least for the costs.
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.
To be able to trade on the numer 2 crypto exchange with lowest fees.
It’s not a big obstacle to transfer your coins over and start trading.
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.
If you would like to trade on ByBit, click here to visit the exchange.
Trading fees on Binance
Which cryptocurrency exchange has the lowest fees?
Binance is famous for many things, but they don’t get enough credit for their low trading costs.
The basic trading fee on Binance is 0.10%.
Ok, this table shows the absolute basic trading fee on Binance.
This is when you are starting out 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%.
You can shrink your trading costs like this until you have a fee of 0.02%.
Thats very low.
But there is a way to lower it even further.
I told you in the beginning that Binance has their own cryptocurrency, BNB.
Now, BNB has it’s own market to trade, and when you trade with this coin you reduce your fees by 25%.
Yes, thats correct, 25%.
The only thing you need to do is to own BNB and trade on the BNB market to enjoy this.
Here is a fee table when you are using the BNB coin.
As you can se, 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!
The more BNB coins you own on the exchange, the lower your trading fee gets.
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 of december 2019.
I’m sure they’ve already added a few new coins this year, so go to the exchange and check them out.
This is probably what Binance are most famous for.
They have a lot of coins to trade.
To be honest, this was the only reason why I started trading on Binance from the beginning.
As their popularity grew and the more people started trading on the exchange.
The lower the costs got.
So Binance is not only a crypto exchange with some of the lowest fees.
They are masters of coins aswell.
Deposit methods on Binance
Binance will of course let you deposit with all of the most convenient methods, such as:
- Credit Card
- Bank Transfer
This has made trading Binance very easy for traders who wants to get their cryptocurrencies fast.
Just go to the deposit page in the upper left corner and click Credit / debit card and this page will appear.
Just choose Bank Card if you want to buy crypto with 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 in your other wallet.
Choose the amount of crypto you want to transfer and click go!
There are so many reasons to trade on Binance.
One is definitely because its one of the crypto exchanges with lowest fees.
But also becuase how easy it is to buy crypto and the slection of coins seems endless.
Thanks to the BNB market I do a lot more trading on Binance now because this is pushing the costs down a lot.
Thanks to this my trading has been very profitable on Binance.
If you would like to trade on Binance, click here to visit the exchange.
Trading fees on Cex.io
Which crypto exchange has the lowest fees?
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 because 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.
Cex.io is a crypto exchange with some of the lowest fees on the market.
And that’s why I like to use them.
The reason why Cex.io is on the number 5 spot of crypto exchanges with lowest fees is because of this.
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.
Supported coins on Cex.io
Cex.io has 8 cryptocurrencies to choose from.
These are mainly some of them major coins on the market.
This is a snapshot of the exchange and some of their coins.
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.
This is not only an exchange we extremely low fees, it’s very fast and easy to use.
One more extra feature from Cex.io is the option to trade against other currencies.
If you are not usin USD you have the option to trade these currencies aswell.
As you can see there is also the option to trade with USDT stable coin.
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
In my opinion it’s always easier and faster to buy crypto with a credit card.
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 deopositing with 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 of credit cards.
The credit card fee on Cex.io is only 2.99%.
Very low to be a crypto exchange.
If you are going to transfer funds from your bank account you can skip all costs.
It’s for free!
So both trading and depositing is very cheap on Cex.io.
This is why they are on the list of crypto exchangest with lowest fees.
As this is a review about crypto exchanages with lowest fees I think Cex.io is just a little bit better than Changelly.
The rason is because you are able to 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 deserves 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.
If you would like to trade on Cex.io, click here to visit the exchange.
Trading fees on Changelly
Changelly is on the number 6 spot of this list but that doesn’t make it a bad choice.
The standard trading fee on Changelly is only 0.25%.
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 cryptocurrency fast.
Now they also make it cheap!
Supported coins on Changelly
Another good reason to choose Changelly is their 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 a trading algorithm that scans the order books of some of the other major cryptocurrency exchanges.
Poloniex, Bittrex and Binance to mention a few.
This sofisticated 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.
Incase 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.
This really is the next generation of exchanges and I really like it.
Combining their technology with some of the lowest fees of all crypto exchanges.
You can see why they are growing in popularity.
As long as these exchanges stay safe and doesn’t cause any problem, they will be around for a long time.
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
- Bank Transfer
- Apple Pay
Take a look at this screenshot from the exchange trade section.
You can buy your favourite 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 straight forward.
Look at the text that says “Powered by ….”
These are all payment vendors that has 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 cradit card fee charged.
These are standard costs in my opinion.
Many other exchanges charges 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 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 lowet fees out of all crypto exchanges on the market today.
In my opinion Changelly is rated pretty high on my list thanks to the variety of coins and low exchange costs.
So far I’ve only had pleasent experiences with Chanelly and I can’t wait to se which cryptocurrency they will add next.
If you would like to trade on Changelly, click here to visit the exchange.
There are many benefits of trading on a crypto exchange.
You can trade bigger and more often.
Not all of these crypto exchanges are the same, they are all unique in their own way.
Read through the whole review to see which one you prefer, or check the comparson table on top if you are in a hurry.
You will be amazed to see how your trading costs can decrease with a low trading fee.
If you would like to know more about how to buy crypto with credit card, read this article.
Are you interested in finding the best altcoinexchange?
Or, read more on altcoin exchange in this altocin exchage review of 2021.
At the moment, the number one spot goes to Prime XBT.
If you are judging by trading fee Prime XBT will be the number one from this review.
You will get very close to no fees while trading on any of these exchanges. Read the full review to know more.