Cheapest Cryptocurrency Exchange

Same as many other names on this cheapest cryptocurrency exchange list, Kraken is a very well-known crypto asset trading platform that has built itself a long-lasting reputation of being both reliable, and offering its users some surprisingly-good fees.

Addressing the Kraken in the room (I’m sorry), you can expect the fees of this cryptocurrency exchange to range anywhere from 0% up to 0.26%, depending on a few different factors.

That’s right - 0% fees are available, too, but you’ll have to be trading some very low amounts of cryptocurrency.

That being said, 0.26% is still a very good fee option! The amount of crypto you’d lose to payment is minuscule, and Kraken’s high-trading volumes should ensure your peace of mind even further!

General reputation-wise, as mentioned above, Kraken isn’t only popular for being a cryptocurrency exchange with lowest fees - it’s also considered to be a very secure space to trade crypto coins, too.

Also, Kraken supports over 150 different cryptocurrency assets, tokens included. You’ll find all of the main, most well-known crypto coins on the exchange in question - granted that you can even buy the coins via a bank transfer, this surely makes the exchange a very conveniant place to trade cryptocurrencies!

As you can probably tell from the title, Coinbase is a pretty big jump when it comes to fees, especially when compared to other exchanges on this particular list.

Naturally, you would probably not call Coinbase the “cryptocurrency exchange with the lowest fees”. If so, though, why is it on this list?

Because of a pretty simple reason, actually - Coinbase offers its users an amazing compromise between fee expenses and UX - user experience.

You see, as noted in the heading, Coinabase’s fees range from 1.49% up to 3.99%, depending on the region you are located in, the amount of crypto that you’re trading, whether you’re the sender or receiver, and so on. Naturally, those fees are quite high - there’s no denying that.

Having said that, though, Coinabse offers its users amazing usability features, and ensures top-tier security.

The exchange itself is very simple and straightforward, utilizing a minimalistic design. This is great for beginner traders, since you won’t be overwhelmed with a load of different, advanced features.

Finally, it’s also worth pointing out that Coinabse has some great customer support. Users report that, whenever they’d encounter some troubles, the support would always be very helpful and friendly - definitely nice to know!

Bitstamp does probably possess the broadest range in fees out of all of the cheapest cryptocurrency exchanges mentioned in this article.

Analyzing the “0.05% - 5%” fee range, it’s safe to say that, if you land on the lower end of the fee spectrum, you can be sure that Bitstamp is surely a crypto exchange with the lowest fees. If, however, your transaction falls more towards the “5%” part, well… That’s very expensive!

But what about the platform itself? Regardless of the “cheapest cryptocurrency exchange” debate, it’s safe to say that Bitstamp is among the more-respected crypto trading platforms in the current industry. While the company did have some ups and downs, generally speaking, it would seem that the public perception surrounding them is actually very good.

Bitstamp is secure and very beginner-friendly. If you’re not looking to trade a whole lot of cryptocurrencies, and are simply interested in learning more about the process, it’s definitely an exchange worth checking out!

Huobi is a veteran cryptocurrency exchange that’s been around for around ten years. Founded and established in 2013, the platform survived multiple crypto winters, and has come out on the other side as both one of the cheapest crypto exchanges, as well as one of the easiest to use, in general.

Huobi features a very user-friendly interface - if you’re a beginner in the field, and are looking for your very first crypto exchange, Huobi will allow you to both trade all of the main crypto coins and tokens that you’ve heard about, as well as do so in a simple and straightforward manner.

To add to that, the exchange features 24/7 customer support - something that’s become extremely valuable with modern-day crypto service platforms. Thus, no matter what kind of questions you might have, or troubles you might face, there will always be support agents on the other side, ready to help you!

Fee-wise, for “normal” traders, Huobi employs a base fee of 0.2% (for both market makers and takers, alike). The more Huobi tokens (HT) that you hold on your account, the lower you will be able to make these fees go, too.

Professional traders have different fee levels that they can access, depending on how much volume of crypto they trade in a 30-day period, in BTC, as well as the amount of Huobi tokens that they hold.

All in all, Huobi is certainly one of the cheapest crypto exchanges on the current market!

CEX.IO is one of those crypto exchanges that keep popping up here and there, but is still sometimes forgotten when talking about the best and cheapest cryptocurrency exchanges. Well, I’m here to tell you - that should not be the case.

Cex is an amazing crypto trading platform - it’s used by many people, and most of the reviews regarding it are more-than-positive.

You’ll notice how much the platform cares about the safety and well-being of your crypto coins as soon as you register and first log in to the site. 2FA, email notifications, and so on - Cex really does a good job of informing you about any and all login attempts, no matter if they’re made from a trusted device or not.

Fee-wise, Cex is also right up there with the other “big players” - the platform’s fees range from 0% up to 0,25%, which is very similar to those found with Kraken. Also, same as with Kraken, Cex’s fees are very favorable for any and all aspiring cryptocurrency traders.

Coinmama is one of the best-known names in the cryptocurrency exchange industry. Having a multi-year reputation as one of the most-reliable crypto exchanges, Coinmama has a lot to offer to its users!

At the top of the list, if you choose Coinmama as your go-to exchange, you can expect a beginner-friendly interface, fiat payment acceptance, top-tier security, and multiple other features.

As far as our list of the cheapest cryptocurrency exchanges goes, though, you're probably most interested in the fee side of the platform. Well, with Coinmama, the fees are going to range from 0.99%, all the way up to 3.9%.

The actual fees will depend on multiple different factors - how much crypto it is that you're trading, your loyalty level with the exchange, your chosen trading and (or) payment methods, and so on.

While Coinmama's fees aren't the *lowest* you'll come across, the exchange makes it up by providing its users with convenience, reliability, and a wide selection of additional features. On top of that, as you increase your loyalty level with the platform, you can expect the fees to go down, towards the lower end of the spectrum!

Crypto.com is a prominent player in the cryptocurrency world, offering a comprehensive suite of financial services centered around digital assets. Founded in 2016, the platform has grown rapidly, boasting a user base of over 100 million by mid-2024.

Crypto.com provides a user-friendly app for buying, selling, and trading around 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Beyond its exchange services, Crypto.com offers a non-custodial DeFi wallet, an NFT marketplace, and even a direct payment service for cryptocurrency transactions.

One of Crypto.com's most recognizable features is its Visa card, which allows users to earn cashback in CRO, the platform's native token, on their everyday spending. The card comes in various tiers, each offering different levels of rewards and perks, such as rebates on streaming subscriptions and airport lounge access.

Crypto.com also takes security seriously. It holds all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis. Users’ accounts are protected by the latest security advancements, including Passkeys, HSMs, and FIDO2, as well as MFA methods like passwords, biometrics, and authenticator codes.

It also runs an active bug bounty program on Hacker One, where people can disclose security vulnerabilities on the platform and get rewards.

BYDFi is a cryptocurrency exchange platform that aims to provide a user-friendly experience for both novice and experienced traders. While relatively newer compared to some established giants, BYDFi has focused on offering a diverse range of trading options. Some of BYDFi’s key features include:

• Spot Trading: Buy and sell cryptocurrencies at current market prices.
• Derivatives Trading: Trade cryptocurrency futures and options contracts.
• Copy Trading: Automatically replicate the trades of experienced traders.
• Mobile App: Trade on iOS and Android devices.
• Educational Resources: Guides and tutorials for learning about crypto trading.
• Trading Bots: Use automated tools to trade cryptocurrencies like a pro.

The platform supports more than 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). BYDFi also aims to provide competitive trading fees by offering a flat maker/taker rate of 0.1% on its spot trading platform.

When it comes to security, BYDFi implements essential measures to ensure users' data and funds safety. It uses Amazon Web Services, multi-factor authentication and hardware verification, as well as SHA512 with 512-bit encryption to protect the system. Users can also use two-factor authentication (2FA) using Google Authenticator and SMS to protect their accounts.

Gemini is a prominent cryptocurrency exchange established in 2014 by Cameron and Tyler Winklevoss with its headquarters in New York. It caters to both novice and experienced traders, offering a secure and user-friendly platform for buying, selling, and storing digital assets.

Currently, Gemini supports around 70 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and some meme coins like Shiba Inu (SHIB) and Pepe (PEPE). While this list is relatively limited to other big names in the market, it still allows users to diversify their portfolios and explore other investment opportunities.

The platform is known for its user-friendly interface, making it easy for newcomers to buy, sell, and manage cryptocurrencies. For more experienced users, Gemini provides ActiveTrader, a platform with advanced charting tools, multiple order types, and faster order execution.

Another notable feature is Gemini Earn, which allows users to earn interest on their cryptocurrency holdings. Security is also a cornerstone of Gemini's operations. The exchange implements robust measures to protect user assets and data, including:

• Cold Storage: The majority of user funds are stored in offline, air-gapped cold storage systems, safeguarding them from online threats.
• Two-Factor Authentication (2FA): Users are required to enable 2FA, adding an extra layer of security to account access.
• SOC Certifications: Gemini has achieved SOC 1 Type 2 and SOC 2 Type 2 certifications, demonstrating its commitment to industry-leading security standards.
• Insurance Coverage: Digital assets held in Gemini's hot wallet are insured against security breaches and fraudulent transfers.

All in all, Gemini stands out as a reliable and secure cryptocurrency exchange, offering a comprehensive suite of features tailored to meet the needs of a diverse user base.

Robinhood is a popular commission-free investment platform that gained widespread recognition for democratizing access to financial markets. Initially known for its user-friendly mobile app and commission-free stock trading, Robinhood has expanded its offerings to include options trading, exchange-traded funds (ETFs), and cryptocurrencies.

The platform's intuitive interface and simplified trading experience have attracted a younger generation of investors, making it easier for them to start investing with smaller amounts of capital. Robinhood's appeal lies in its ease of use, particularly for beginners who might find traditional brokerage platforms intimidating.

While Robinhood offers access to a growing number of cryptocurrencies, its selection is generally smaller compared to dedicated crypto exchanges at around 40 assets.

Despite that, Robinhood takes security seriously. It holds the majority of users' coins in cold storage, entirely disconnected from the internet. Robinhood also carries crime insurance that protects a portion of the assets held across its storage systems against losses from theft, including cybersecurity breaches.

The platform also provides multi-factor authentication on all accounts, so users can protect their assets even further. Last but not least, Robinhood maintains strong US regulatory compliance, holding licenses from the New York State Department of Financial Services and FinCEN.

Binance.US is a cryptocurrency exchange platform tailored specifically for users in the United States. It was launched in 2019 as a separate entity from Binance, the globally recognized exchange, to comply with US regulatory requirements.

While both platforms share branding and some technological infrastructure, Binance.US operates independently under BAM Trading Services and follows strict US financial regulations.

The main difference between Binance.US and the global Binance platform is the reduced number of supported cryptocurrencies and trading pairs. Due to US regulatory constraints, Binance.US offers fewer digital assets and features compared to its international counterpart.

For instance, certain tokens available globally may not be listed on Binance.US because of compliance concerns. Additionally, the exchange does not offer derivatives trading, which is a significant part of Binance’s global offering.

Binance.US is known for its relatively low trading fees compared to other US-based exchanges, making it an attractive option for cost-conscious traders. The platform supports various order types, including market, limit, and stop-limit orders.

Some key features of Binance.US include:

• Low Fees: Competitive trading fees, often lower than other US-based platforms.
• Limited Selection: Fewer cryptocurrencies compared to Binance Global.
• Staking: Earn rewards by staking supported cryptocurrencies.
• Regulatory Compliance: Operates under US financial laws and regulations.
• Simple Interface: User-friendly platform suitable for beginners and experienced traders.

Overall, Binance.US is a streamlined, regulation-compliant exchange designed to meet the needs of US cryptocurrency traders, although it sacrifices some of the global platform’s extensive offerings.