Bitcoin & Cryptocurrency Exchange FAQs
Last updated: 19 August We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners. From deposit and trading fees to the charges that apply when you withdraw funds from your account, the fees imposed by your chosen platform can have a big impact on the overall cost of your trades.
How much does it cost to deposit, trade and withdraw funds from a crypto exchange? Check out the table below for a comparison of the fees charged by a handful of popular exchanges.
For example, US exchange Coinbase charges deposit fees as follows at the time of writing :. For instance, bitcoin deposits may attract a fee of 0. Trading fees are expressed as a percentage of the total value of your transaction.
Some exchanges will impose a flat fee, for example, 0. However, many exchanges split their trading fees into two separate fees:. If you place a limit order on a crypto exchange, you specify that you want to buy or sell but only at a particular price point. Because market makers add liquidity to the order book, some exchanges will even offer them fee rebates when trading.
For example, market makers on HitBTC receive a 0. This removes liquidity from the market, so taker fees are usually higher than maker fees. When you place a market order on a crypto exchange, this means you want to buy or sell a particular coin as soon as possible and, as a result, the taker fee applies. Crypto withdrawals tend to attract a flat fee, whereas fiat withdrawals can be slugged with a flat fee or a percentage-based fee. For example, CEX. With this in mind, remember to check the fine print to find out what withdrawal fees apply before choosing an exchange.
Cryptocurrency exchange fees can also vary from one account to the next, with some customers able to access reduced costs based on a number of factors, including the following:. The most important thing to remember when calculating the cost of trading cryptocurrency is to read the fine print.
For example, some exchanges will offer discounted fees to new customers for a fixed promotional period after they first register for an account. Compare exchange fees. Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas.
Click here to cancel reply. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
While we are independent, the offers that appear on this site are from companies from which finder. We may receive compensation from our partners for placement of their products or services.
We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us.
Please appreciate that there may be other options available to you than the products, providers or services covered by our service. What is the blockchain? Bitcoin alternatives Mining. Cryptocurrency exchange fees Read our guide to the fees and charges that apply when you buy and sell digital currency. Tim Falk. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Go to site View details. Fees vary. US Cryptocurrency Exchange. Network fees apply for crypto deposits. Kraken Cryptocurrency Exchange. Maker: IO Cryptocurrency Exchange. Coinbase Digital Currency Exchange. S Bank transfer: 1.
Coinbase USD wallet: 1. Bitcoin: BTC: 0. CoinSwitch Cryptocurrency Exchange. Changelly Crypto-to-Crypto Exchange. KuCoin Cryptocurrency Exchange. YoBit Cryptocurrency Exchange. Cryptocurrency: 0. Paxful P2P Cryptocurrency Marketplace. Buyer: None Seller: 0. PayPal: 2. View details. Huobi Cryptocurrency Exchange. Maker: 0. SatoshiTango Cryptocurrency Exchange. Coinbase Pro. Bitstamp Cryptocurrency Exchange.
Bittrex Digital Currency Exchange. Gemini Cryptocurrency Exchange. From Cryptocurrency: Up to 0. ShapeShift Cryptocurrency Exchange. Poloniex Digital Asset Exchange. Bitit Cryptocurrency Marketplace. EtherDelta Cryptocurrency Exchange. CoinBene Cryptocurrency Exchange. Load More. Compare up to 4 providers Clear selection. Crypto exchange fees: what you need to know The most important thing to remember when calculating the cost of trading cryptocurrency is to read the fine print.
Daily cryptocurrency news digest and breaking news delivered to your inbox. Don't miss out! Follow Crypto Finder. Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance.
Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators' websites before making any decision.
Finder, or the author, may have holdings in the cryptocurrencies discussed. Was this content helpful to you? Thank you for your feedback! DDEX cryptocurrency exchange review Blockbid cryptocurrency exchange review. Ask an Expert. Display Name. Your Email will not be published. Your Question You are about to post a question on finder. Your Question. Ask your question. How likely would you be to recommend finder to a friend or colleague?
Very Unlikely Extremely Likely. What is your feedback about?
Lowest fee for alternative payment provider deposits and withdrawals
By giash cryptoNovember 15 in Exchanges. Hello everyone, can you help me to identify about lowest fee exchanges? Till now I have seen binance has 0. The fee depends on the coin you wanna withdraw. Some exchanges have no fee for BTC.
Lowest fee for alternative payment provider deposits and withdrawals
Users at bitcoin exchange platforms have to pay certain types of fees in order to use the services of the site. Overall cheapest bitcoin exchanges are those which do not have any deposit or withdrawal fee so you can send your bitcoins to and from the exchange without being charged. The no trading fee model can make the regular trading activity cheaper if the spread is tight enough for the bid and ask prices on bitcoin. Each of the exchange has its own benefits and drawbacks in terms of the fees. The maker-taker fee schedule is suitable for those traders mostly who add liquidity to the market. A couple of exchanges apply discounts for the higher amount of trading volumes. Up on reaching high enough trading volume on the exchange, you can even trade bitcoins for free.
Traders will always check this out to consider a number of aspects before signing up with and using a cryyptocurrency exchange but one of the most common ones will be the trading fees that they will be charged.
These exchanges will have to make money in order to keep the lights on and this money can be made in various ways. They can either take a cut of every trade made which is what pretty much all will do or charge fees for withdrawing or depositing currencies.
Some will do both but trading fees will be found at almost every cryptocurrency exchange out there right. Trading fees can be very high at some cryptocurrency exchanges, with 0. There are, however, a number of cryptocurrency exchanges that are far more generous. Some will charge no fees for makes those selling currenciessome will even allow makes to earn rebates and some will just have a flat fee for both makers and takers.
As traders, you will want to use cryptocurrency exchanges that are more than fair with the trading fees that they charge, as these fees can be worth quite a lot especially if you are a regular and serious trader. We have done a lot lowesg the work for you and come up with a list of ten cryptocurrency exchanges that are popular with traders due to the low fees that they charge. They are also exchanges that we know to be reputable and worth a look at.
Some of these places we are sure you will already know about but we are fairly certain that there will be a new exchange on this list for everybody. This list is in no particular order but all will have fees that are well below what you will find at the many other exchanges that you will find online. Binance is another great option if you are looking for a cryptocurrency exchange that is renowned for having low trading fees. This exchange is probably the most popular one around ctyptocurrency the moment but it should be noted that this is a crypto-to-crypto exchange.
This means that you will have to already own a cryptocurrency that they support the trading of before you can use the exchange. Where this exchange differs greatly from the likes of Crytpocurrency, is that it offers a huge selection of trading pairs. It is also far more beginner-friendly, more anonymous and is what many feel a true decentralized cryptocurrency exchange should be like. The trading fees at Binance will vary depending on the trading pairs that you use but on average, you will be looking at about 0.
Other big benefits of using Binance include the sheer number of please click for source that they support the trading of. All the major coins can be traded alongside a good selection of altcoins and tokens.
We have never had any problem with recommending this cryptocurrency exchange, so you should definitely go and take a look. Hitbtc is a cryptocurrency exchange that has been around since and feee since grown to become a fairly popular one. This popularity is mainly down to the low fees and the fact that you will even be given a rebate for creating liquidity on the HitBTC exchange.
Taker fees are set as standard at 0. This comes out of the taker fee and essentially makes this an excellent exchange for sellers. Another excellent aspect of HitBTC is that it is incredibly newbie-friendly. Those who are new to the world of cryptocurrency trading can often feel hzs and confused whenever they go to a cryptocurrency exchange. At HitBTC, everything is made as simple to understand as possible and it makes for a great exchange to use to get introduced to the trading of cryptocurrencies.
Only the major crypto coins can be exchanged lowedt but they do allow you to use fiat currencies if you do not already have some cryptocurrencies to trade.
HitBTC is certainly an exchange that you should check out if you have not done so. Tidex is a new cryptocurrency exchange that launched in the early part of that makes this list fee to the low trading fees that it provides its traders. This crypto-to-crypto exchange has more than 70 different currencies, coins and tokens for a flat fee of 0.
It should be noted that you will have to own some cryptocurrencies before you can trade. If you do not own any, you can always purchase them from another exchange and then bring them here.
Due to being only crypto-to crypto, this exchange does offer a lot cryptocurreny anonymity, however, as you will never have to use fiat currencies on the exchange. As a relatively new exchange, Tidex has not yet implemented margin trading but has hinted that it will be adding this feature in the future. Despite the lack of this feature, Tidex does offer an easy-to-use interface and would be an ideal exchange for newcomers to cryptocurrency trading.
Another excellent choice would be Livecoin, a cryptocurrency exchange that has an abundance of cryptocurrencies you can trade and a fantastic fee structure. The trading fees you will pay at Livecoin will be determined by your trading volume over the previous 30 days at the exchange. Those feea start at a high of 0. That fee alone is very low but it gets incrementally lower as your trade volume hits certain limits.
Livecoin was first established back in in London while their servers are hosted in the US. Being linked to these countries should make you feel far more comfortable than trading somewhere that has a less than trustworthy reputation.
There is no margin trading available at Livecoin but most of you will be happy enough to trade one of the largest lists of cryptos that we have seen through using spot buying. Livecoin is definitely an exchange you should be checking.
With regards to trading fees, CEX. The fees that you pay as either a taker or maker will depend on the day trade value that you have performed for the previous days. The standard fees start out as 0. That fee schedule means that this cryptocurrency exchange is an excellent option for those of you that are lowezt traders. If you are someone that does not do too much trading, on the other hand, you might want to consider an exchange that is a little cheaper as standard.
Although it offers some more advanced trading options, we still think that this exchange is suitable for beginners. That is not a huge number of cryptocurrencies but if they are the ones you are most interested in, CEX.
Another cryptocurrency exchange that is both popular and cheap to use is that of Bitfinex. This is another exchange that makes use of maker and taker fees rather than having a standard trading fee across all trades.
As standard, all taker fees are set at 0. As for maker fees, these will start at 0. The more you sell, the lower the maker fees will be as you are adding liquidity to the Bitfinex exchange. While Bitfinex charges a maker fee, something that others on this list fess not do, they make up for this by not charging any fees at all for deposits and withdrawals.
This will be of big appeal to many as sometimes these fees on other exchanges can be quite large. There are close to forty different cryptocurrency coins that can be traded on Bitfinex, another reason why it is a popular marketplace for traders.
All of the major coins are supported as well as some altcoins as. LakeBTC is another option if you are looking for an exchange with more than competitive trading fees. Where most exchanges on this list are just that, LakeBTC is both an exchange and a broker of cryptocurrencies.
You can either trade your cryptocurrencies with other traders shich their exchange or you can simply buy or sell your currencies using their cryptocurerncy service at the current market rate.
As for the trading fees on LakeBTC, these will differ depending on whether you are a maker or a taker on deals. Takers will always be charged a flat fee of 0. Anyone who has a trading volume of less than 20, BTC whic be charged that 0.
LakeBTC is definitely a good cryptocurrency exchange and one that has been around for quite some time. It might not be quite as popular as it once was but it can still be considered as one of the leading exchanges. It also accepts a number of fiat currencies, so if that is what you are looking for, you should check it.
Cryptopia is a New Zealand-based cryptocurrency exchange that is also extremely popular among traders. It mainly deals with crypto-to-crypto trades but does accept the NZDT fiat currency if you wish to purchase some cryptocurrencies. It is popular for a number of reasons with one of them being the competitive trading fees that they charge. All trades are subject to a standard trading fee of 0. It is also low enough to make this list of. We also like how the fees are straightforward and not structured in a complicated way — you always know what you are going to be charged.
Cryptopia is also popular because cryptocurrecny supports the trading of a substantial number of cryptocurrencies and not just the major ones. With so many trading options to choose from, traders will literally always have something to do at Cryptopia. They are also a reputable exchange that has been around since GDAX is the first cryptocurrency exchange to make what is currently worth list and while it might only allow the trading of Bitcoin, Ethereum and Litecoin, it certainly ffes some of the lowest trading fees.
They work via a maker-taker model where traders that sell makers cryptocurrencies are not charged a trading fee while takers or buyers will be charged 0. All crypto withdrawals and deposits have no fees attached to them but as you might expect, there will be fees when depositing and withdrawing fiat currencies.
GDAX is operated and owned by the same company that owns Coinbase, another popular cryptocurrency exchange. It was first launched in and is based out of San Francisco in the United Llwest. Coinbase has much higher fees, however, and that is why GDAX has become one of the most popular cryptocurrency exchanges. GDAX is not an exchange that can be considered as beginner-friendly and has obviously been designed with the more advanced trader in mind. It offers margin trading as well as market, limit and stop buys.
Bittrex has some of the higher trading rates on this lowesg but they are still pretty competitive. There are many other cryptocurrency exchanges out there that have higher rates than Bitrexx and they do not offer half the quality that this exchange does.
The rates here are fixed at 0. In fact, they offer their platform to traders all around the world and have a fairly substantial number of traders using their exchange. Bittrex was first established in and it has since grown its portfolio of accepted cryptocurrencies to more than This is why so many traders are so fond of Bittrex as it does not just focus on the major coins but also many of the smaller ones exchxnge.
There is no margin trading available, however, which is a little disappointing. If you prefer to just buy and sell, however, xryptocurrency is a good place for you to trade at. That just about wraps it up for our extensive list of which cryptocurrency exchanges you should be considering if you are looking for low trading fees.
We have not just listed exchanges that we know are the cheapest either as we have also taken into account their reputation in the cryptocurrency community.
There may be exchanges cheaper than some on this list but they are certainly not as reputable. We should also let you know that while these cryptocurrency exchanges offer low trading fees, there may be fees associated with deposits and withdrawals, so if that is something that you consider when using an exchange, you should delve into that to establish what you might have to pay depending on the payment methods you plan to use.
How to Choose the Right Crypto Exchange?
Margin trading can take place on different scales. Incorporating all the above strategies and tools into a coherent trading plan will take a great deal of time, study, experimentation and discipline. Their feess are 1. Wire withdrawal fee: 0. What is lacking however is the volume on every other cryptocurrency traded on Bitmex. Some examples of poor UI that stand out in the space are Poloniex and Bittrex, which both command extremely high levels of volume in the altcoin markets. On the other hand, cryptocurrency deposits and withdrawals are usually free of charges, you only have to pay for the transaction fee on the blockchain that is payable to the miners. The maker-taker fee schedule is suitable for those traders mostly who add liquidity to the market. What is ahs feedback about? We may receive compensation from our partners for placement of their products or services.