Cryptocurrencies are digital currencies. Bitcoin is the first every digital cash/currency. Every cryptocurrency has its own ecosystem and utility.

Cryptocurrencies are traded on cryptocurrency exchanges. You can buy cryptocurrencies directly from the sellers. There are no brokerages like in the stock market. You can trade cryptocurrencies on exchanges and also buy and send them anywhere you want.

To start trading cryptocurrencies, you have to deposit some money. Most of the exchanges do not support all the fiat currencies(like USD, EUR, INR..). So you have to choose a cryptocurrency exchange where you can deposit your currency or buy on the exchange that supports your currency and then you can transfer the cryptocurrency you bought to the exchange, where you want to trade.

Cryptocurrencies with Lowest Transaction & Withdrawal Fees

What is Trading Fees

While trading you have to take care of the trading fees. The trading fee is the fee you pay when you buy or sell cryptocurrencies. While the trading fee can be 0.2% or less than that, you have to pay the trading fees every time you buy or sell any cryptocurrency. Suppose you want to buy $1000 worth of Bitcoin, you have to pay 0.2% of $1000 i.e., $2 and again when you want to sell that Bitcoin, you have to pay 0.2% of the amount you are selling. So trading fee matters a lot as you are going to trade all day.

Maker and Taker Fees

Source: Binance.com

Here is an order book. On the left, we have buyers and on the right we have sellers. Suppose you want to buy Bitcoin and if you want to buy Bitcoin at the price of 31,985.67(which is already in the order book), then you are a Taker and you have to pay Taker fees. If you want to buy at a price, that is not in the order book, you are a Maker and you have to pay Maker fees. In most of the exchanges, Maker and Taker fees are the same. Makers sometimes have lesser fees compared to Takers.

Cryptocurrency Exchanges Fees Comparison

Here is a list of spot trading fees on various cryptocurrency exchanges based on their traffic and trade volumes

Binance

Binance is the most popular, trusted, and largest cryptocurrency exchange in the world. Binance has the highest trade volume among all the centralized cryptocurrency exchanges.

Binance has 369 coins listed on the exchange. You can deposit various fiat currencies and Binance also has a P2P option for depositing some currencies. Binance also avails you to buy cryptocurrencies using Debit, Credit cards. You can check the various deposit options here.

Binance Trading Fees

Coming to the trading fees on Binance, both Maker and Taker fees is 0.1% of the trade. And you will get a 25% discount on the trading fees if you pay the fees using BNB(you just have to have BNB in your Binance wallet).

Binance also has these VIP levels with different trading fees based on your 30d trading volume. Here is a snapshot of trading fees for various VIP levels.

Source: Binance.com

Huobi Global

Huobi Global is the second-largest cryptocurrency exchange based on trade volume.

Huobi Global has 333 cryptocurrencies listed on their exchange. Huobi also offers Quick Buy using Debit and Credit cards. There is also a P2P option to buy cryptocurrencies. You can check various options to buy cryptocurrencies on the Huobi exchange, here.

Huobi Global Trading Fees

There is a General Tier Fee Structure on Huobi for users whose 30-day trading volume is less than 1000 BTC.

The base fee rate is 0.2% for both Makers and Takers. If you have any Huobi Token(HT) holdings in your Huobi account, you may get a discount on the trading fees. Professional Trader Tiered Fee Program with 30-day trading volume has different Maker and Taker fees for different levels.

Here is a snapshot of trading fees on Huobi.

Source: Huobi.com

Coinbase

Coinbase is the largest cryptocurrency exchange in the US. Coinbase recently got listed on the US stock exchange, NASDAQ. Coinbase doesn't offer a wide range of cryptocurrencies. There are only 67 cryptocurrencies listed on Coinbase.

Coinbase accepts only USD deposits via Paypal, Bank, Debit, and Credit cards.

Coinbase Trading Fees

Coinbase has the highest trading fees among all cryptocurrency exchanges. Both the maker and taker fees are 0.5% in the basic tier with a 30-day trading volume of less than $10000.

Here is the snapshot of trading fees on Coinbase for various tiers.

Source: Coinbase.com

Kraken

Kraken is also a US-based cryptocurrency exchange. There are 69 cryptocurrencies listed on the Kraken exchange.

Kraken accepts fiat deposits through cards with a processing fee of 3.75% + applicable online banking fees.

Kraken Trading Fees

Kraken has a Maker fee of 0.16% and Taker fee of 0.26% for users whose 30-day trading volume is between $0 and $50000. Here is the snapshot of trading fees varying with 30-day trade volume.

Source: Kraken.com

Kucoin

Kucoin is one of the popular exchanges with the most number of cryptocurrencies listed on the exchange. Kucoin has 368 cryptocurrencies listed on the exchange.

On Kucoin, you can buy cryptocurrency using Debit and Credit cards and there is P2P option too. There is also a quick buy option but there is a huge deviation from the actual price using this method.

Kucoin Trading Fees

Kucoin has similar fees to Binance. Both the Maker and Taker fees is 0.1% which is also the lowest among the exchanges. This is the fee for Level 0 for users whose 30-day Kucoin Shares Token(KCS) holdings is min. 0 or 30-day trading volume is less than 50 BTC.

The trading fees are even less for succeeding levels. Here is the snapshot of trading fees for different levels on Kucoin.

Source: Kucoin.com

Okex

Okex exchange was established recently and grown rapidly. Okex offers 265 cryptocurrencies to trade.

You can buy crypto using the only available option i.e., P2P.

Okex Trading Fees

Okex has a trading fee of 0.08% for Makers and 0.1% for Takers for Level 1 users with a total OKB holding less than 500 tokens and 30-day trading volume less than 5,000,000 USD.

The trading fee varies for different levels. The fee is even less for VIP users. Here is a snapshot of trading fees on Okex.

Source: Okex.com

FTX

FTX gained popularity through its Futures markets which work seamlessly during times of high trade volumes. Anyways we are going to talk about spot trading here. There are 256 cryptocurrencies listed on FTX.

You can deposit some fiat currencies directly into the FTX exchange wallet. Check if your currency is available for a deposit here.

FTX Trading Fees

FTX has the lowest trading fees among all the cryptocurrency exchanges. For tier 1, with a 30-day trade volume of zero USD, the Maker fees is just 0.02% and the Taker fees is just 0.07% of the trade amount. There is also a discount on these fees if you have FTT in your account.

Here is a snapshot of trading fees for various tiers.

Source: FTX.com

FTX also has a VIP program with zero Maker fees and varied Taker fees for various VIP tiers. Here is a snapshot.

Source: FTX.com

Wazirx

Wazirx is the largest cryptocurrency exchange in India based on the trade volume. Wazirx was acquired by Binance in 2020 and it is operated independently. Wazirx has 154 cryptocurrencies listed on its platform.

Wazirx accepts only INR deposits. There is also a P2P option to buy USDT.

Wazirx Trading Fees

There are no fee tiers or levels on Wazirx. Both the Maker fee and Taker fee is 0.2% of the trade. If you hold WRX in your account and pay the fees using WRX tokens, you will get a 50% discount on the trade fees which is 0.1% of the trade.

CoinDCX

CoinDCX is also an India-based exchange. CoinDCX was founded by an alumnus of IIT Bombay. CoinDCX has only 31 cryptocurrencies listed on its exchange.

As CoinDCX is India-based, it accepts only INR deposits.

CoinDCX Trading Fees

CoinDCX has Clubs instead of trading Levels or Tiers. If your 30-day trade volume is 0-5 BTC, you are in the DCX Genesis club and the trading fee is 0.1% for the Maker and 0.1% for the Taker.

Here is a snapshot of various clubs with Maker and Taker fees with 30-day trade volumes.

Source: Coindcx.com

Overview of Crypto Exchange Trading Fees

Here is the overview of trading fee on the cryptocurrency exchanges above for basic level/tier/club or whatever in the order of lowest to highest fees.

Exchange	Maker Fee	Taker Fee
FTX	0.02%	0.07%
Okex	0.08%	0.1%
Binance	0.1%	0.1%
Kucoin	0.1%	0.1%
CoinDCX	0.1%	0.1%
Kraken	0.16%	0.26%
Wazirx	0.2%	0.2%
Huobi Global	0.2%	0.2%
Coinbase	0.5%	0.5%

Hope this is helpful to decide which cryptocurrency exchange you decide to trade on.

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TheCryptoInsight

What is Trading Fees

Maker and Taker Fees

Cryptocurrency Exchanges Fees Comparison