Crypto Exchanges with Lowest Fee 2023

Exchange Fee Comparison – Top 10 from our Test

For those who wish to find the crypto exchanges with the lowest fees, there really is no better place than Bitstacker.com. No matter what your other crypto trading needs may be, we’ve got you covered.

Our team of experts have created fair and honest reviews of all crypto exchanges, with the goal of helping you to find your ideal low-fee exchange platform. It doesn’t matter if you’re a novice trader or a high-volume professional, we understand that everyone likes a saving!

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Who should make use of our crypto exchanges with low fee comparison?

We’ve been in the crypto trading game for a long time now, and we’ve yet to meet a trader who actively seeks out higher fees. In fact, we’ve never met a trader who would even readily accept high fees. With that in mind, this is a comparison that essentially serves every single crypto trader out there. Our comparison tool contains honest reviews and ratings of the best crypto exchanges with the lowest fees.

Whether you’re an experienced trader who’s looking for a crypto exchange with lower fees than your current provider, or you’re a novice trader looking to get started off the right way, we’ve got you covered. Fees can come in all shapes and sizes with crypto exchanges, and some providers will hide them. What we strive to do is find the operators that omit the unnecessary ones completely and make the obligatory ones as low as possible.

Seeking out low fees is the only common denominator that those using this comparison tool need to have. Additionally, we can also assist you in finding low-fee operators that cover other crypto trading niches as well. For example, you can find crypto exchanges that accept PayPal and other specific deposit and withdrawal options right here. For now though, let’s focus on what fees exchanges charge, and how they can be lowered or avoided completely.

What types of fees do crypto exchanges charge?

The main thing to look out for is your standard trading or transaction fees, which are typically calculated and charged by crypto exchanges in two different ways. Firstly, we have the per-trade charge, which typically varies between 0.1% and 1% – anything higher, and we wouldn’t even give the operator a look-in. Generally speaking, this is going to be the best option for new and low-volume traders.

The second way in which traders calculate their trading fees is via a leveled system that is calculated over a period of time, usually 30 days. This essentially means that the more you trade over a 30-day period, the lower your fees will be. Naturally, this option will almost always be better for medium to high-volume traders. If the lowest trading volume tier also has low fees compared to the exchange’s per-trade competitors, then this type of fee system can also benefit low-volume traders as well.

On top of that, we have non-trading fees, which can include deposit/withdrawal charges, account inactivity fee charges and storage fees. As well as helping you to find those with the best trading fees, we also aim to find the crypto exchanges with the lowest withdrawal fees. In order to avoid storage fees with the exchange wallet, you can store your keys using one of the best crypto hardware wallets as recommended by us. Although it incurs an upfront cost, a hardware wallet could save you money on fees in the long run.

Operator checklist: Five things we look for when rating crypto exchanges with lowest fees

Obviously, finding crypto exchanges with the lowest fees is paramount here, but that’s not the only thing that matters. It’s no use having a low-fee exchange if none of the other aspects are up to scratch, which is why we always have to look at the bigger picture when rating and reviewing operators. Below you can check out the top five criteria that we consider when testing crypto exchanges. You can also take a look at our Kucoin review if you want to see how our work looks in practice.

1. Regulation

Crypto exchanges are financial bodies and in most countries where they are legal, they are required to be regulated by some form of banking and/or financial regulatory authority. We should note though, that crypto trading does remain a gray area in some countries, and is totally illegal in others. In countries such as the US, Canada and the UK, crypto exchanges require a license in order to operate. The same goes for Australia and large parts of Asia. It’s also important that crypto exchanges use geolocation technology to deny users in regions where they don’t hold a license or where crypto trading is not yet fully legal.

2. Security 

Keeping your funds, transactions and personal data safe are three things that any crypto exchange operator needs to do its best to guarantee. While you can never be 100% sure of online safety, 99.9% is certainly achievable, and the best crypto exchanges should be able to offer such levels of security. Encryption technology and strict login/password protocols are vital here. Exchanges that offer a software wallet should also provide you with a seed phrase so that your keys can be recovered if need be.

3. Insurance

In a number of countries, it is still impossible to get third-party insurance for crypto assets, even in countries where crypto trading is fully legal and regulated. Therefore finding an exchange that goes at least some way to insuring and protecting your assets is vital. While we can’t always expect a low-fee broker to insure your assets 100%, most decent exchanges should at least have some form of policy in place to protect clients’ assets against theft, cybersecurity breaches and anything that the operator would technically be liable for.

4. Transparency

The main focus of this article is on crypto exchanges with the lowest fees, and one of our biggest bugbears are hidden fees. There’s nothing worse than thinking you’ve found an exchange with low transaction fees, only to discover that there are hidden fees elsewhere, such as account opening fees, withdrawal fees, etc. Good crypto exchanges should always be upfront and honest about all of their costs and trading conditions. Reading terms and conditions is also vital here.

5. Service

As well as having low fees and a safe and secure legal platform, it’s also important that the service itself is good. As well as having a good platform for crypto trading, this also means having excellent customer support. The crypto market is open 24 hours a day, 365 days a week, therefore the usual 8am-6pm Monday-Friday customer service opening hours just won’t cut it. It’s essential that we see a live chat and email service that’s available around the clock. Ideally, we also like to see a phone service available as well.

Editor’s recommendation the crypto exchange with the lowest fees in 2023

Our current top crypto exchange with the lowest fees is Coinbase, and we’ve chosen it on balance as it should suit a variety of traders. There are other low-fee exchanges that rate highly on our list, for example, see our Shakepay review, but Coinbase is our number one all-rounder. Let’s take a little look at why our editor rates this crypto exchange so highly.

For starters, we have the trading fees, which as we said are the most important types of crypto exchange fees to look at. Coinbase operates with a tiered transaction fee system, which already benefits high-volume traders. However, the Coinbase fees system starts low and gets even lower – with taker fees starting at 0.6% and maker fees starting at just 0.4%. There are nine trading fee tiers in total with Coinbase, and the top two tiers don’t pay any maker fees at all.

When it comes to deposit and withdrawal fees with Coinbase, there are no fees charged at all for deposits or withdrawals made using ACH. There may be small charges elsewhere, but they are so low they are hardly worth mentioning in most cases. For example, Swift users in the UK are charged £1 (GBP) per withdrawal, irrespective of volume.

What else can Coinbase offer?

In addition to being a crypto exchange that has a longstanding and trusted reputation, Coinbase is also the best crypto mining platform around in our eyes. Coinbase began life in Silicon Valley in California and still remains US-based, however, its 3,000+ strong workforce now operates entirely on a remote working system. This has become common practice across a number of tech industries – you may even be working remotely as you read this right now.

The level of customer service is excellent and the amount of cryptocurrencies that you can trade is nothing short of phenomenal, with new currency pairs being added on a daily basis. Basically, there are a number of reasons to trade crypto with Coinbase – not just the low fees.

Finding the right low-fee crypto exchange for you

While Coinbase might be our top all-rounder, it might not quite have the specific aspects that you are looking for aside from low fees. Additionally, there are plenty more low-fee crypto exchanges out there, and some of them are bound to have exactly what you are looking for. Our job is to take into account what you need and lead to you a low-fee exchange that matches.

How can we do that exactly? Via our comparison tool of course, which contains some of the most unique crypto exchange reviews that you’ll find. What makes ur reviews unique, you ask? Our experts have constructed them in a unique way by rating them in a categorized manner. The result of this is that you can find the exchanges that have a high rating where it matters most to you.

For example, if you’re looking for a diverse range of currencies, we’ll lead you to the crypto exchanges with the most coins. If you are a high-volume trader, then you can ignore the lower-tier fees and focus only on the high-volume trading fees. Beginner traders might also be looking for a crypto exchange with a good demo account and a platform that isn’t too complex. Whatever your flavor, we’ve got you covered here at Bitstacker.com thanks to our comparison tool.

Five ultimate tips for using crypto exchanges with lowest fees

Here at Bitstacker.com, we’re all about the aftercare program. That is to say, we don’t merely want to lead you to your ideal provider and then leave you to your own devices. It’s important to us that you are left in good stead when you start trading. With that in mind, we have provided you with our experts’ top five tips for having a fair and secure experience when using a crypto exchange.

Manage risk

First and foremost, it’s important to note that crypto trading is an extremely risky type of investment, and often more people lose money than don’t. This is down to the volatile nature of cryptocurrencies and the fact that they are not tied to any form of a centralized bank. New traders should start small and with a budget that is no more than you can realistically afford to lose.

Diversify portfolio

Although we do recommend starting small, we also recommend that you don’t put all of your eggs in one basket. By spreading your investment across a number of cryptocurrencies, you are somewhat protected. If you have all of your money in one currency and it crashes, you’re completely at a loss. This could be viewed as something similar to hedging your bets.

Safe storage

Most crypto exchanges will give you access to some form of software exchange wallet. While this is great for low-volume traders, and those who trade frequently, it’s not amazing for large volumes of funds. The safest way to store your funds is by using a hardware crypto wallet, which is a physical device that you can plug into your computer, phone or tablet. You can read more about exactly how crypto hardware wallets work here at Bitstacker.com.

Research tools

Most good crypto exchanges will provide you with research tools that can help you to study the market and coins in more detail. Additionally, you will also find guides to help you understand things outside of trading, such as is crypto mining profitable?”. There’s a lot of scam advice out there on the internet, therefore finding reliable research tools with your exchange or sites like ours is beneficial.

Withdraw wisely

We’re looking for the lowest fees possible, but oftentimes you will find that withdrawal fees are impossible to avoid. While some exchanges will offer free withdrawals via ACH, most other payment methods will come with a charge. It’s, therefore, more economical to wait and withdraw in bulk where possible to avoid paying fees multiple times.

Crypto exchanges with lowest fees – Conclusion

We’ve almost reached the end of this article, but in all honesty, this is the point where the fun really begins. What you can now do is use your comparison tool in order to find the right low-fee crypto exchange for you today. Once that’s done, you can open your account and start trading. If it’s your first time, just remember to create a budget and manage your risk by spreading your investment. You can also refer back to this page for our top tips anytime. In fact, why not bookmaker Bitstacker.com today?

Our favourite crypto exchanges

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Highlights
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  • Supports NFT trading

Crypto exchanges with lowest fees FAQ

❓ How much do crypto exchanges charge in fees?

The fees charged for crypto trading vary between each crypto exchange, and there are also non-trading fees to look out for with some operators. If you are looking for the exchanges with the lowest fees, you can find them right here by using the market comparison tool here at Bitstacker.com.

💰 Does it cost money to trade crypto?

You can find out all of the details about crypto trading, including costs and fees, by consulting our guide to using crypto exchanges. It has been created by experts and you should find that it covers everything you need to know.

🤔 How can I avoid crypto exchange fees?

Discover how you can find lower cryptocurrency exchange fees, or avoid them altogether here at Bitstacker.com. This website is your number one companion for all things crypto trading. From finding your ideal low-cost provider, to giving you the best tips and tricks of the trade. We’ve got everything to set you out on the right path.

💱 What crypto exchange has the lowest fees?

For a list of the lowest-ranked crypto exchanges, check out Bitstacker.com. We keep our list constantly updated, so you can find an exchange with the lowest fees right now. The market is constantly changing, and it’s our job to help you to keep up.

 

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