If you are a trader, you know the importance of trading fees of an exchange. With so much competition in the cryptocurrency market, it is expected to have exchanges that offer low fees. Also, as a trader, you would surely love to pay as less as you can. No one likes to pay high fees, and that’s perfectly fine as it diminishes your profit if you are a regular trader.

Just like banks, cryptocurrency fees can be a big issue. However, cryptocurrency exchange offers way less fees compared to what banks charge. In this article, we will be listing the top exchanges with lowest fees in 2019. The trading fees are what we are looking for, and our criteria would be both the lowest fees and the credibility of the exchange. Before, we get started with the actual list, let’s list how you should pick a good exchange for trading.

 

How to pick a crypto exchange?

Lowest fee is just one criterion you should check before you pick up the exchange. You should also look at other factors including trading volume. It directly determines exchange liquidity which means that you can trade without any issues.

Just like liquidity, you also need to ensure that the cryptocurrency offers proper security. If it is not secure or has a bad history, you might want to skip the platform completely. We recommend you to read the exchange documentation or proper reviews to learn how they implement security on their platform.

Other things that you should take care about include the following.

  1. Multi-factor authentication.
  2. HTTPS secure protocol usage
  3. Storing crypto in the cold wallet rather than a hot wallet.

 

How the fees are calculated on cryptocurrency exchanges

Each cryptocurrency has their transaction fees associated with it including mining fees. However, trading fees do have a little complexity to it, and it all depends on how exchange implements them on their side. Some of the exchange uses the maker-taker system where each party has to pay trading fees differently. It depends on how crypto exchange values them. Most of the time, makers pay less as they are building the market and providing liquidity. However, the difference is not that much.

Few exchanges such as Coinbase also have fee structure based on the source of your transfer.

 

Top Exchanges with lowest fees in 2019

 

Binance

binance

Binance is at the top of our list. And, why not? They offer an average of 0.05% fee and are known for one of the lowest trading fees an exchange offer. On top of that, you get the best possible infrastructure, liquidity, and security from the number one exchange in the world. Binance doesn’t offer USD-pairing, but you can do crypto-to-crypto trading. Another key feature is that they have a huge number of crypto listings.

They also have one more incentive for traders. It is BNB, their platform token. As a trader, you can further decrease the trading fees by 50% which reduces the trading fees of normal 0.1% to 0.05% fee.

Binance is also a platform that regularly adds more coins to their platform. This means that you get access to best tokens and altcoins in the future.

Key Features

  • 0.1% fee without BNB, 0.05% with BNB
  • Excellent collection of crypto pairs
  • Tons of liquidity

 

HitBTC

hitbtc

HItBTC is also known for their platform fees. They are quite popular and have been in the market since 2014. They are popular for mainly two things: low fees and liquidity. They have fees of 0.10% which is aimed towards takers. If you are a maker, then you don’t have to pay any fees as you will be earning 0.01% which is paid out of the taker fee. That’s amazing and help improve the liquidity on the platform.

Apart from the amazingly low fees, it is also easy to use. They have a wide variety of cryptos, but they do not support USD exchanges just like Binance.

Key features

  • 0.1% trading fees for taker
  • 0.01% paid to maker from taker fee
  • User-friendly exchange
  • Liquidity

 

Tidex

tidex

Tidex is a new player in the market which offers competitive fees and an extensive catalog of cryptos to trade in. They charge a 0.1% from both takers and makers. The fixed fee structure is beneficial for those who trade a lot and don’t want to go into the complexity of any sort.

Tidex also doesn’t support USD which means that you need to buy crypto from other exchange and then transfer to Tidex to carry your trading.

Key features

  • 0.1% trading fees for both taker and maker
  • 70+ cryptocurrencies supported
  • Easy to use

 

CEX.io

cex.io

If you are looking for a crypto platform that offers crypto purchases using US dollar with decent fees, then CEX.io is your best bet. CEX.io fees structure uses the taker-maker policy. Also, the percentage of fees is calculated according to the amount of trade that you have done in the past 30 days. This means that the fees can range anywhere from 0.10% for takers to 0% for makers to 0.25% and 0.16% respectively.

All of these means that it is a good place for regular traders who also want access to US dollar. However, the collection of crypto is limited when compared to other crypto-to-crypto platforms. In short, you can use CEX.io to trade in popular crypto.

Key features

  • Flexible trading and deposit fees
  • Limited crypto listing

 

Bitfinex

bitfinex

The last crypto platform that we are going to discuss is Bitfinex. Bitfinex, just like other exchange is popular and have an excellent fee structure. It also uses the taker-maker policy. The takers have to pay 0.20% of the trade value as fees, whereas the maker needs to pay 0.1%. This may seem high, but that is mitigated by the fact that they do not charge for any deposit or withdrawal done to their platform.

Key feature

  • Good collection of crypto
  • Taker fee is considerably low

 

Exchange

Fees

Features

Binance

0.1% fee, 0.05% with BNB

Liquidity, great infrastructure, impressive crypto list.

HitBTC

0.1% for taker, maker get paid 0.01% from taker fee

User-friendly exchange, liquidity

Tidex

0.1% for both taker and maker

70+ supported crypto, easy to use, great UI

CEX.io

Ranges from 0.10 to 0.25% for takers and 0.00% to 0.10% for makers

USD supported, flexible fees

Bitfinex

0.20% for taker and 0.1% for the maker

Simple yet effective fee structure, good list of crypto

 

Conclusion

This leads us to the end of the top exchange with lowest fees in 2019. So, what do you think about the list we mentioned here? Do you agree? If yes, which exchange you are going to use? Comment below and let us know.

 

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