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When picking out the right crypto exchange platform for yourself, there are many different factors that need to be taken into consideration. Security, coin support, transaction speed, and so on - all of these things are important. That said, though, today, we’ll be taking a look at the list of the cheapest cryptocurrency exchanges.

What does the “cheapest” stand for, you may ask? Simple - exchanges that have the lowest fees on the market. In other words, we’ll discuss 12 options of crypto exchange platforms that will take away the least amount of money from your transactions.

With that though, it’s worth mentioning that there are other things to keep in mind with the list below, too. Let’s get the details out of the way, first.

Cheapest Cryptocurrency Exchange: Things to Keep in Mind

So, the cheapest cryptocurrency exchanges - seems pretty self-explanatory, right?

To an extent, it is - but, as with most things in life, things are more intricate than they might appear at first glance.

Having the option to trade cryptocurrencies on the cheapest crypto exchange might be great, but you should always keep in mind the fact that there’s more to it than that. Specifically, I’m talking about one, single factor - security.

Even if you manage to find an exchange that takes away a 0% cut from your crypto trade (which is, admittedly, possible), if it lacks in the security department, you might actually “get taxed” more than on some of the more-expensive exchanges - in other words, all of your crypto assets might be stolen during or after the transaction.

Cheapest Cryptocurrency Exchange

While it does, admittedly, sound rather scary, that’s the harsh reality of it all - whenever dealing with anything related to crypto, you should always be extremely cautious.

That being said, though…

There are many cryptocurrency exchanges with lowest fees out there that are also actually really safe and secure. Assuming that you’re having trouble picking out the best one for yourself, this is what this list is here for, in the first place - without any further ado, let us talk about the 12 cheapest cryptocurrency exchanges on the current market.

Michele Nati

Director of Research and Innovation Projects at WSense SRL

What trends or innovations in cryptocurrency exchanges do you think will shape the future of the industry?

I believe that the MiCA-required changes are increasing crypto exchanges' accountability and trust toward customers. Requirements to provide clear and transparent information about the risks in crypto investments are becoming mandatory. However, I believe that more emphasis should be placed on how much potential investors know about crypto projects they are willing to invest in.

1. Kraken - From 0% up to 0.26% in Fees

Ranks #1 out of 11 Crypto Exchanges

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!

👉🏻 Visit Kraken
...or read our Kraken review

2. Coinbase - From 1.49% up to 3.99% in Fees

Ranks #2 out of 11 Crypto Exchanges

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!

👉🏻 Visit Coinbase
...or read our Coinbase review

3. Bitstamp - From 0.05% up to 5% in Fees

Ranks #3 out of 11 Crypto Exchanges

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!

👉🏻 Visit Bitstamp
...or read our Bitstamp review

Compare Crypto Exchanges Side by Side With Others

Did you know?

Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

4. Huobi - A Base Fee of 0.2%

Ranks #4 out of 11 Crypto Exchanges

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!

👉🏻 Visit HTX
...or read our HTX review

5. CEX.IO - From 0% up to 0.25% in Fees

Ranks #5 out of 11 Crypto Exchanges

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.

👉🏻 Visit CEX.IO
...or read our CEX.IO review

6. Coinmama - From 0.99% up to 3.9% in Fees

Ranks #6 out of 11 Crypto Exchanges

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!

👉🏻 Visit Coinmama
...or read our Coinmama review

7. Uphold - Trade Crypto, Fiat, Metals, and More

Ranks #7 out of 11 Crypto Exchanges

Uphold is a digital money platform that allows users to buy, sell, and trade a wide range of assets, including cryptocurrencies, fiat currencies, and even some precious metals. Founded in 2013 by Halsey Minor, Uphold aims to make financial services more accessible and transparent.

The platform supports more than 300 different cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as many lesser-known altcoins.

One of its key features is the ability to trade directly between different asset classes in a single step. For example, you can easily exchange Bitcoin (BTC) for gold or US dollars for euros without multiple transactions or conversions.

Uphold review summary: Uphold's homepage.

In terms of crypto investment, Uphold also offers staking, allowing you to lock up your assets and receive rewards of up to 17.6% APY. As of now, Uphold supports 19 digital assets on its staking platform.

Uphold is known for its transparency, publishing its assets and liabilities every 30 seconds for anyone to see. This "100%+ reserve" model aims to assure users that their funds are safe and available. The platform also has SOC 2 Type 2 and ISO 27001 certifications, which further enhances its credibility and demonstrates its commitment to secure and reliable operations.

Uphold is registered as a FinCEN Registered Money Services Business (MSB) in the United States and as an EMD Agent of an Electronic Money Issuer regulated by the FCA in the United Kingdom.

👉🏻 Visit Uphold
...or read our Uphold review

Disclaimer: don’t invest unless you’re prepared to lose all the money you invest.

8. Crypto.com - The All-In-One Crypto Exchange

Ranks #8 out of 11 Crypto Exchanges

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.

Crypto.com review summary: Crypto.com's homepage.

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.

Crypto.com is the first cryptocurrency company in the world to have ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2022, and PCI DSS v4.0 Level 1 Service Provider compliance.

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

👉🏻 Visit Crypto.com
...or read our Crypto.com review

9. BYDFi - User-Friendly Trading for All

Ranks #9 out of 11 Crypto Exchanges

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.

BYDFi is available in the US, Canada, and 150 other countries.

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.

👉🏻 Visit BYDFi
...or read our BYDFi review

10. Cryptomus – A Solution for Individual Traders & Businesses

Ranks #10 out of 11 Crypto Exchanges

Cryptomus is a multi-functional crypto platform designed to meet the needs of both individual traders and businesses. Whether you're just starting out in crypto or you’re an active trader looking for efficient transactions, Cryptomus offers a user-friendly experience with plenty of useful features.

It provides spot trading, quick crypto purchasing, and even a handy conversion tool to swap between currencies easily. On top of that, users can earn rewards by staking select cryptocurrencies, with TRX staking offering up to a 20% return.

For businesses and merchants, Cryptomus goes beyond typical exchanges by offering a crypto payment gateway that can be integrated into websites through APIs, SDKs, or plugins. This integration allows companies to accept both crypto and fiat payments seamlessly, thanks to features like auto-conversion into stablecoins to mitigate market volatility.

Cryptomus review summary: working with crypto transactions.

Plus, the platform supports mass payouts and even a white-label option, meaning you can brand the service as your own.

Cryptomus stands out for its low fees (maker fees starting at 0.08% and taker fees at 0.1%), high liquidity, and robust security measures such as two-factor authentication, PIN protection, and regular security audits. It’s available in over 200 countries and supports a wide range of fiat currencies, making it accessible to a global audience.

Although Cryptomus currently focuses on spot trading with a limited range of cryptocurrencies (as of writing, it supports 18 assets), its clean, intuitive design makes it a great choice for anyone looking to simplify their crypto management and expand their earning opportunities – all with just one account.

👉🏻 Visit Cryptomus
...or read our Cryptomus review

11. Gemini - A Secure & User-Friendly Crypto Exchange

Ranks #11 out of 11 Crypto Exchanges

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.

Gemini exchange review summary: Gemini's homepage.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.

Gemini is a regulated exchange, adhering to stringent compliance requirements set by the New York State Department of Financial Services (NYSDFS).

👉🏻 Visit Gemini
...or read our Gemini review

Conclusions

So - that’s it! At this point, you should be aware of the 12 cheapest cryptocurrency exchanges, and all of the major pros and cons associated with them.

Allow me to reiterate a point made earlier on in the article, though - security should always be one of your primary concerns when picking out the best crypto trading site for yourself.

Think about it this way - if you purchase some cryptocurrency at a 0% fee, you’re probably going to be ecstatic because of the fact that you did not have to overpay even a single dime, right?

Well, yes, but if you would do so on a shady “cryptocurrency exchange with the lowest fees”, a couple of days later, you might find that all of your crypto coins were cleaned form your wallet.

Not really worth it, now, is it?

Frankly, that’s the reason why, even if you’re looking for the cheapest cryptocurrency exchange, security should still be at the top of your priority list. Without proper security, you risk losing all of your crypto savings - it’s always better to pay a bit more, but remain assured that your assets are all safe and sound!

With that, though, I hope that this list was useful to you, and that you managed to find the best, cheap cryptocurrency exchange that would suit your own, personal wants and needs.

Until next time!


Other Crypto Exchanges in This Category

Here are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd recommend for the same price range or less.

Poloniex - 0% up to 0.125% in Fees

Poloniex is surely one of the more interesting cryptocurrency exchange platforms on this list. While it can be named a crypto exchange platform with lowest fees, it’s also an exchange that has some… Questionable past, too.

Let’s take it a step at a time, though.

The fact that Poloniex offers its users a fee that ranges anywhere from 0% up to 0.125% is great - that automatically makes the crypto exchange platform one of the cheapest crypto exchanges on this list. If cheap fees are solemnly what you’re after, then sure - Poloniex is a great choice.

Having said that, though…

Poloniex has a history of being hacked - namely, a breach of security occurred in 2014 that swept away a huge portion of the Bitcoin that was present on the exchange. While some minor hacking attempts (and successes) are easier to look past, such major hacks should always be taken into consideration, whether you’re looking for the cheapest cryptocurrency exchanges, or something else.

That aside, Poloniex is still seen as a decent crypto exchange platform, even with the earlier-mentioned stain on its reputation. The platform requires no verification (unless you plan to trade some high amounts of crypto), is simple to use, and provides decent customer support if needed, too.

All in all, a platform worth looking into, especially if you’re on the lookout for the cheapest cryptocurrency exchange!

eToro - 1% Cryptocurrency Buying / Selling / Trading Fee

eToro is a bit of an interesting pick, as far as this list of the cheapest cryptocurrency exchanges is concerned. Allow me to explain.

If you were to look purely at the trading fees available with the platform in question, they wouldn't really tell you the whole story. That's because eToro claims to employ a 1% fee on all of its cryptocurrency transactions.

1% is decent, but it's far from being as low as with some other exchanges on this list!

That being said, 1% is still pretty good, when compared to some other exchanges out there, in the industry. This is especially true when you consider the fact that eToro isn't exactly a "traditional" crypto exchange - instead, the platform offers its clients the ability to trade different financial assets, in addition to having features such as copy-trading and ETF support.

All in all, if you're looking for an alternative way to trade crypto, and want to do it on one of the best-known platforms in the financial asset trading industry, eToro is worth checking out!

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Gemini - Fees Start at 0.5%

Gemini is a rather well-known cryptocurrency exchange. The platform is regarded as one of the safer and more-reliable exchanges in the industry - that's surely a good thing.

However, how does Gemini fair in regards to being one of the cheapest cryptocurrency exchanges out there? Well, to put it short, the exchange offers a balance between trading fees, as well as security features and reliability.

Gemini's fees start at 0.5%. Meaning, the minimum fee that you'd pay will be 0,5%, no matter hat type of a cryptocurrency you might be trading. Naturally, these fees can go up higher - specifically, they may reach 1.49%, if you're trading one cryptocurrency for another.

Purchasing cryptos with fiat money, you will need to pay a fee of up to 3.99%. This, however, is pretty standard, since fiat-crypto purchases are always a bit more expensive.

Even with the trading feef ranging between 0,5% and 1,49%, it's actually pretty decent! This is even more so true when you keep in mind the fact that Gemini is reliable and well-established, and that the platform offers it's users a wide variety of various additional benefits, too!

Bittrex - A Fixed 0.25% Fee

Bittrex is often regarded as one of the safest crypto exchange platforms that you could use. Coincidentally, it’s also one of the cheapest cryptocurrency exchanges, too!

The thing that makes Bittrex stand out of the crowd when it comes to the topic of security is the fact that the exchange keeps the vast majority of the crypto assets on cold storage devices - offline wallets that are considered to be among the safest form of crypto storage possible (apart from paper wallets).

The only somewhat-notable issue that some users of the platform express is the fact that Bittrex might be somewhat difficult to use, especially if you’re a complete newcomer to the industry.

When it comes to the platform being one of the cheapest crypto exchanges, though, Bittrex offers a fixed 0.25% fee to its users. All things considered, that’s actually pretty good! It rivals the fees of some other crypto exchanges on this list, and is surely in-line with the term “cheap”, too.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

About Article's Experts & Analysts

By Michele Nati

Director of Research and Innovation Projects at WSense SRL

Michele Nati is a highly accomplished professional with a Ph.D. in Computer Science from the University of Rome "La Sapienza" and nearly 20 years of research experience in designing solutions for the Internet of Things (IoT), data sharing architec...

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
Michele Nati Director of Research and Innovation Projects at WSense SRL
Michele Nati is a highly accomplished professional with a Ph.D. in Computer Science from the University of Rome "La Sapienza" and nearly 20 years of research experience in designing solutions for the Internet of Things (IoT), data sharing architectures, and blockchain-based innovation. Michele's research interests revolve around the role of blockchain and distributed ledger technologies (DLTs) in increasing trust in data sharing within telecommunications, IoT, supply chains, and smart cities sectors. Additionally, as an adjunct professor, he has contributed to teaching IoT protocols, including topics like IoT security, blockchain integration, digital identities, and cutting-edge technologies.
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Safety
Daanish Coates
5.0/5.0 - Bitfinex User
09/12/2024
5 years of positive experience with Bitfinex

My experience with Bitfinex dates back to early 2017. In all those years all my inquiries are handled swiftly and correctly

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448words
5.0/5.0 - HTX User
14/12/2024
wow

im impressed, im learning so much, its helped me making informed decisions about trading

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Valentina159
4.8/5.0 - Coinbase User
21/12/2024
expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

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ray keenan
5.0/5.0 - Coinbase User
29/12/2024
what about some customization?

The platform is very functional and all but I wish customization was available. Personalising design or colour themes and feature placements would be a great option!

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wilma93ozumvjfs
5.0/5.0 - Bybit User
19/12/2024
3 month plus

Been with them for three month plus, and their service have been superbly but strict.

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joanne.cruz
5.0/5.0 - Bybit User
30/12/2024
very amazing job!

amazing - this review is a great contribution to the crypto community, everyone should read it! it's valuable information for those looking for more on Bybit, such a new and yet promissing exchange!

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Tyra Richards
5.0/5.0 - Bybit User
22/12/2024
Good company to invest

Good company to invest

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alliza
5.0/5.0 - HTX User
31/12/2024
Enjoyed reading

Nice review

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Myrtle Chambers
4.6/5.0 - Bybit User
23/12/2024
Since it is so great...

Could be a bit easier to learn.. But must be so difficult... Having so many amazing resources, we have to do our part as well and study a bit of the features...

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FAQ

What is the 'cheapest' cryptocurrency exchange?

The "cheapest" cryptocurrency exchange is going to be one that provides users the best (lowest) fees in regards to purchasing and selling (or simply trading) crypto assets. Not all exchanges offer the same type of fees - while Bybit and MEXC might be cheap (in the best way possible), there are other trading platforms that have much higher fees.

What sort of a fee is considered to be 'high' when dealing with cryptocurrency exchanges?

Usually, anything that goes above 4% is considered to be a high fee. When you take a look at the fees offered by most of the crypto exchanges on the above-located list (i.e. Binance and MEXC), 4% might seem outrageous. Still, there are many details that go into the fee system - some exchanges might have higher fees, but also better security or some other perks involved.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no "other person" - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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