A deposit fee is % and there are several ways to do that including PayPal, Bank Wire Transfer, Credit Card, UnionPay, Skrill, Neteller, WebMoney. The withdrawal fee is $25 and the minimum amount for it is $ When it comes to cryptocurrency, there is BTC crypto transfer fee on withdrawals in Bitcoin and units in Ethereum. 9 rows · Dec 08, · The best way to buy Bitcoin free of trading fees is to use a cryptocurrency 5/5. 11 rows · Dec 08, · There are several crypto exchanges such as Phemex that allow zero-fee 5/5.
Bitcoin trading lowest feesBest 5 Bitcoin Exchanges with the lowest fees
If you want to minimalize your costs, look for an exchange with the lowest deposit fees. Generally speaking buying bitcoin with bank wire transfer is usually considered the cheapest payment method. Next come those exchanges which offer alternative payment services and finally, the most expensive payment method is buying bitcoin with credit card and PayPal.
The reason for this is that credit card companies and PayPal offer buyer protection in the form of chargebacks, while on the other side, bitcoin transactions are irreversible. These exchanges are the best for only a handful of transactions. If you want to buy and sell bitcoin to profit from the changing price on a regular basis, head to the next section about trading with bitcoin at low fees. Binance also offers staking of many coins earning interest on your crypto deposits as well as margin trading.
Binance is our recommendation for most users as they offer the best overall service and experience on the market today. The fees are probably the lowest you can get on the market with 0. When you pay your trading fees with their own coin BNB, it gets even cheaper. Visit Binance. They have a very intuitive user interface and they do not charge deposit or withdrawal fees. The exchange rate is fair compared to other platforms and you also have an instant buy option to purchase bitcoin with a credit card.
In the case of bank wire transfers, there are no deposit fees, you have to wait until the deposit is going through the banking system, that can take days in case of international transfers.
Visit Cex. Kraken good for bank wire is one of the oldest cryptocurrency exchange, being on the market since , their low fees and high liquidity is a great place for USD and EUR bitcoin markets. They also offer margin trading options for those who are looking for more than buying and holding bitcoins.
The bitcoin price is one of the best on the market you can get. The only drawback of using Kraken that you cannot pay with credit or debit cards, only in Canada. Visit Kraken. Paxful best for cash — If you want to buy bitcoin for cash, you can rely on other fellow bitcoiners on Paxful. Withdrawal fees are fixed at 0. While Paxful overall is a safe place to buy bitcoin, the transaction can be as safe as the other counterparty you deal with.
Make sure you do your own due diligence and find a reputable trader in your area to avoid scams and frauds. Visit Paxful. Paybis best for alternative payments — Beyond credit cards, bank wire transfer, and cash you also have a lot of alternative payment providers you can turn to when purchasing bitcoin. Paybis offers buying bitcoin with Skrill, Neteller, and Payeer at very competitive fees. With the current promotion, your first transaction is fee of charge completely on Paybis.
Visit Paybis. Coinbase best for credit card is one of the biggest cryptocurrency exchanges where you can buy and sell bitcoin and other altcoins. There is very high liquidity on their platform and user can appreciate the smooth process of buying bitcoin and going through the verifications. Buying bitcoin with credit cards on Coinbase cost 3. SEPA and ACH transfers are free of charge on Coinbase, but in this case, you need to wait for your deposit to be credited to your account.
Visit Coinbase. Those who are looking for profiting the changing bitcoin price, exchanges might not be the best options due to the higher fees. Trading site are specially designed to offer low trading fees to attract frequent trading to their platforms. Lower fees however also come with a more complex trading platform and with different order types, so make sure you understand how the trading system works before engaging in a trade.
On a trading platform, the deposit and withdrawal fees are usually low and in many cases, it is restricted to crypto only. This means you can only deposit bitcoin to the platform and cannot pay with a credit card or bank wire transfer.
Once you have money on your account, you can convert it to USD and other fiat currencies, but in the end, you need to convert is back to crypto if you want to withdraw from the platform. When trading bitcoin you need to consider the following fees. The trading fees are usually expressed in a maker-taker fee model. This means that if you provide liquidity to the platform you are a liquidity maker you add orders to the order book in the form of limit orders, that stays on the order book until some other trader accepts your order on the other side they are the liquidity takers with a limit or market order.
Beyond the trading fees, you have to consider the bid-ask spreads, which is the price the platform quotes for being on the buyer or on the seller side. The higher the bid-ask spread the more the exchange makes on a specific transaction even if the transaction fees are low and the market needs to move more in favor of your trading strategy to be able to close your trade in this case with profit.
And finally, the last fee is the margin fee applicable you need to be aware if you are trading with leverage. Opening margin trades, holding them over a certain period and closing margin trades can all cost different fees depending on the platform you choose. Be sure to buy some of their platform coin BNB — because when you pay your trading fees with BNB instead of Bitcoin, you get a generous discount on their fees. Apart from that, Binance has very low fees in general — and fantastic liquidity.
No matter how big your position is — you can easily go in an out of large positions because Binance has one of the highes trading volumes in the crypto space. BaseFEX offers a market-making program where you can receive up to rebate As a newer trading platform, BaseFEX offers a higher number of trading pairs than most of its competitors. With one of the lower fees for platforms offering unlimited contracts, Bybit is the preferred trading platform after Bitmex.
With a Maker fee of 0. Financing rates are also low at 0. You can trade USDT perpetual contracts and inverse perpetual contracts, which offer different opportunities to all traders with no-KYC requirements. Bitmex is the leveraged trading platform where it all began. It is still the number one leverage trading platform, although there are better next-generation trading platforms. The fees are low, as one would expect with a Maker fee of Every 8 hours there is a financing fee, which is 0.
For ETH the financing fee is 0. On Bitmex you can trade 8 cryptocurrency pairs against the USD with up to x leverage. The platform offers a less user-friendly trading environment compared to newer trading platforms. You can see from a distance that the entire design logic is old and in dire need of updating. Binance is one of the most aggressive crypto exchanges in the crypto industry, constantly introducing new instruments and adding more and more trading options to its portfolio.
This also applies to its fee structure, which is combined with its native token — BNB. Binance has a basic fee for Makers of 0. With the volume-based fee structure, you can get as low as 0. Depending on how much BNB you have, you can get to 0. In terms of trading opportunities, Binance is the most densely packed exchange in the crypto industry and offers something for everyone.
Within a very short time frame, new instruments were introduced that may look good, but carry their own risks related to quality, performance, and security. Kucoin is a cryptocurrency exchange that is very similar to Binance, although it offers a smaller number of trading pairs and instruments, its performance is good.
The trading fee is 0. Kucoin is another exchange that uses a volume-based system in combination with a native token KCS. The more you trade, the lower the fees. You can get as low as 0. Kucoin is an exchange that has gradually improved in the short time of its existence.
By offering a good trading environment, high security and a wide range of trading options, Kucoin has taken its place among the better-known Bitcoin exchanges and trading platforms. OKCoin offers one of the most competitive trading environments with multiple trading instruments and low fees.
There is a volume-based fee structure of 0. You can go down to Bitfinex is a controversial trading exchange because of its involvement with Tether, yet they offer a good trading platform and have been improving it since Trading fees are low and suitable for daily trading sessions, a volume-based tier system is also available on Bitfinex in combination with a token. The basic fee for the Maker is 0.
Bitfinex is a cryptocurrency exchange in terms of trading options as it offers spot, margin and derivatives trading. For spot trading, you have more than 70 cryptocurrencies at your disposal. The exchange fees on Huobi are slightly higher than those of most competitors. With a basic fee of 0.
The more HT tokens you have, the lower the fee. For example, if you have more than HT tokens, the fee for Maker and Taker is 0. On Huobi you will find several trading options and the possibility of spot trading with multiple cryptocurrencies, margin trading with up to 3x, futures trading with up to 20x on multiple pairs.
There is also an OTC desk for customers wishing to exchange large quantities of fiat for Bitcoin. Since Kraken is one of the most reliable exchanges in the crypto industry. It survived 2 bear markets and has managed to adapt to the ever-changing industry and build on top of its base. With one of the lowest fees and reliability Kraken takes the torch from many other exchanges. The Kraken base fee for Maker and the Taker are 0.
The opening fee for margin trading is 0. There is also a rollover fee every 4 hours, which again depends on the asset traded and varies between 0. High fees have a huge impact on how traders use a platform. When fees are high, people are less likely to trade actively on an exchange, especially over a long period of time. Another reason to consider a platform with low fees is that you can save much more over a long period of time.