Top Crypto Exchanges Providing Low Fees
When you are looking for the right crypto exchanges platform, there are a lot of different factors that need to be taken into consideration. Security, coin support, transaction speed, and so on - all of these things are important to know. Another to consider is the fee factor.
In fact, there are hundreds of crypto exchanges that provides low fees for client. Which one is the best? Below are the list of crypto exchanges you can choose to save costs when trading.
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| Exchange | Fees | Coin | Volume | Cyber Security Score | Established | |
|---|---|---|---|---|---|---|
|
|
0.025% taker fees and 0.002% maker rebates
0.025% taker fees and 0.002% maker rebates
|
|
$742,496,300
|
|
2023
|
|
|
|
0.04%
0.04%
|
|
$194,673,167
|
8.43
|
2018
|
|
|
|
0.05%
0.05%
|
|
$300,561,948
|
5.09
|
2019
|
|
|
|
0.05% for all trades
0.05% for all trades
|
|
$539,164,428
|
|
2021
|
|
|
|
0.078%
0.078%
|
|
$887,515,059
|
10
|
2018
|
|
|
|
0.098%
0.098%
|
|
$1,361,785,782
|
8.03
|
2018
|
|
|
|
0.1%
0.1%
|
|
$356,926,732
|
2.21
|
2018
|
|
|
|
0.1%
0.1%
|
|
$366,956,818
|
8.41
|
2017
|
|
|
|
0.1%
0.1%
|
|
$132,890,141
|
4.5
|
|
|
|
|
0.1%
0.1%
|
|
$964,733,428
|
2.54
|
2018
|
|
|
|
0.1%
0.1%
|
|
$4,365,556,905
|
|
2018
|
|
|
|
0.1%
0.1%
|
|
$684,147,272
|
4.91
|
2018
|
|
|
|
0.1%
0.1%
|
|
$493,168,265
|
8.64
|
2017
|
|
|
|
0.1% 0.075% option for BNB holder
0.1% 0.075% option for BNB holder
|
|
$10,886,685,825
|
9.82
|
2017
|
|
|
|
0.1% for all trades
0.1% for all trades
|
|
$854,602,308
|
|
2021
|
|
|
|
0.1% for all trades
0.1% for all trades
|
|
$9,035,387,169
|
|
2021
|
|
|
|
0.10%
0.10%
|
|
$2,454,720,370
|
9.49
|
2018
|
|
|
|
0.10%
0.10%
|
|
$159,484,374
|
2.63
|
2020
|
|
|
|
0.10%
0.10%
|
|
$79,241,303
|
4.2
|
2018
|
|
|
|
0.10% - 0.20%
0.10% - 0.20%
|
|
$388,531,454
|
3.02
|
2016
|
What are the cons of Binance exchange?
Here are some cons of Binance exchange that you need to consider:
- Withdrawal fees – withdrawal fees vary according to the asset you wish to withdraw and your payment method. In addition, Binance also has a minimum amount of withdrawals.
- The exchange has been hacked in the past – Even though the company's response was pretty quick, there is no guarantee that such a breach won't happen again.
- History of regulatory issues – At least now, Binance is considered less regulated than its competitors.
- Binance's main platform doesn't operate in the US – If you are from the US, you can use Binance's partner site, Binance.US, which differs slightly from Binance Global. It uses the same engine and technologies as its parent company but offers limited trading pairs and supported cryptocurrencies to adjust it to US regulations.
Continue Reading at Binance Review: Safety, Pros, and Cons
Is It okay to store money in a crypto exchange?
Since 2011, about $1.65 billion worth of crypto assets have been stolen from exchanges, and the numbers are only getting bigger each year. Each exchange can hold billions of dollars worth of crypto assets, so unsurprisingly, hackers like to target crypto exchanges, especially the ones with low-security measures. As a result, exchanges are highly prone to sophisticated hack attacks.
Apart from hacks, other troubles may arise from within the exchange itself. Any exchange can make mistakes, miscalculate, or mismanage their funds. All these can cause users to lose money they store on the platform.
Continue Reading at Don't Leave Your Money in Crypto Exchanges, Here's Why
What are the pros of Binance exchange?
Here are some pros of Binance exchange that you need to know:
- Low fees – Binance only charges 0.1% for both buyers and sellers, whereas most significant sales would charge at least 0.2%. The cost for futures trading is even lower, starting only at 0.02%.
- Various payment methods – Generally, Binance accepts payments via VISA, Mastercard, wire transfers, ACH transfers, and SEPA transfers. Aside from that, the P2P exchange allows users to swap cryptos with third parties.
- Easy signup process – You can make a Binance account with only several steps.
- Free deposits – Binance doesn't charge users for making deposits.
- Speedy execution – Binance technology can process up to 1.4 million orders per second.
- Over 600 cryptocurrencies available – Binance offers both big and small cryptocurrencies. This also includes stablecoins, mining tokens, and utility tokens.
- Has a native coin – Binance has a native token called Binance Coin (BNB) that operates within the Binance network and provides unique benefits such as lesser fees on spot trading activities.
- Reputable exchange – Binance has a large trading volume and client base.
- Plenty of educational materials – Binance is a beginner-friendly platform that provides many educational content articles, webinars, tutorials, etc.
- Potential to get passive income – Binance users can earn passive income through several methods, such as staking, liquidity farming, crypto lending, etc.
- High liquidity – Binance has millions of active users worldwide, making the liquidity high and favorable for traders.
- VIP Level System – Binance has a system that allows traders to get fee discounts. The levels are determined from trading volumes in 30 days.
- Responsive customer service – Users can enjoy the 24/7 live chat accessible across desktop and mobile platforms. Users can also provide feedback through the "Give Us Feedback" option.
Continue Reading at Binance Review: Safety, Pros, and Cons
What centralized exchanges provide crypto derivatives trading?
These are several centralized exchanges that provide crypto derivative trading services:
- Bybit. As one of the largest derivatives exchanges in the crypto market, Bybit's daily volume frequently reaches over $10 billion. So, liquidity is no longer an issue in this exchange.
- Crypto.com. It's safe to say that crypto.com has the best URL on the market right now and has one of the most diverse products in the crypto industry. These include crypto-based credit cards, collateralized loans, and a spot and derivatives exchange.
Continue Reading at The Complete Guide to Crypto Derivatives
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