Binance tops our list of cryptocurrency exchanges with the lowest fees. Binance supports more than 380 cryptocurrency and fiat currency pairs. Binance has the lowest commissions, with buying and trading fees of 0.02% to 0.10% and 3% to 4.5% for debit card purchases. It is an independent publisher and comparison service, not an investment advisor.
Your articles, interactive tools and other content are provided to you free of charge, as self-help tools and for informational purposes only. They do not intend to provide investment advice. NerdWallet does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. The examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues.
Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Many or all of the products listed here are from our partners who compensate us. This can influence what products we write about and where and how the product appears on a page. However, this does not influence our assessments.
Here is a list of our partners and this is how we make money. The investment information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular shares or securities. Cryptocurrency trading has skyrocketed in popularity, largely due to the rise (and twists and turns) in the value of bitcoin, ether, dogecoin and more.
And while it can be intimidating at first, and although scams have happened and continue to occur, today's best cryptocurrency platforms and exchanges make buying and selling cryptocurrencies simpler and clearer than it has been before. There are several ways and places to invest in cryptocurrencies. Our list considers cryptocurrency exchanges and online brokers that offer cryptocurrencies, as well as payment and cash apps that allow you to buy and sell bitcoin. Even those familiar with more traditional investment platforms should keep in mind that cryptocurrencies often come with different fee structures, more limited customer service options, and a more important role for the security investor.
NerdWallet ratings are determined by our editorial team. Scoring formulas take into account several data points for each financial product and service. Varies by type of transaction; other fees may apply In bitcoin to start using Coinbase Offers access to nearly 100 cryptocurrencies. Cryptocurrency is secured in case it is hacked.
For casual investors, Gemini offers a trading platform that is easy for beginners, but a confusing fee structure that is higher than that of some cryptocurrency exchanges. Digital Asset Site Insurance Against Exchange Hacks. There is no promotion available at this time Possibility to earn interest on bitcoin. Services are limited in several states.
The website is not easy to navigate. Fees are low if you fund your account with cash transfers. Fees for credit and debit purchases are relatively high. Some services are not offered in the US.
UU. Low minimum to fund an account and start investing. The service is only available in 44 U.S. While eToro has forex trading and shares available in other countries, the U.S.
eToro customers are limited to cryptocurrency trading. Arm of the world's largest cryptocurrency exchange by trading volume, Binance, USA. Department of Commerce, offers operations of more than 50 cryptocurrencies. Fewer crypto-to-crypto currency pairs than Binance's global site.
Several brokers offer cryptocurrency trading in addition to stocks, funds, and other asset classes. Robinhood brings its commission-free ethics to cryptocurrency trading, but it currently offers few cryptocurrencies and there is no way to transfer crypto assets outside the platform. You cannot deposit or withdraw cryptocurrencies in a personal crypto wallet. TradeStation Crypto charges 0.3% or less on cryptocurrency operations and, unlike many other brokerage agencies, allows users to transfer cryptocurrency to a personal wallet.
Lower fees compared to most exchanges. Allows the transfer of cryptocurrency assets to a personal crypto wallet. Convenient if you already have a TradeStation brokerage account. Webull does not charge cryptocurrency trading fees beyond a 1% margin for each trade, but has relatively fewer cryptocurrencies on offer.
Several cash and peer-to-peer payment apps now allow users to buy and sell bitcoin. In general, these apps are more limited in what they offer than previous exchanges and brokers. CashApp, a peer-to-peer money transfer system managed by Square, allows users to buy and sell bitcoin. Unlike other cash apps mentioned here, Cash App allows users to transfer their bitcoins to their own cryptocurrency wallet.
Cash App charges a fee based on price volatility and market trading volume, which it reveals at the time of purchase. PayPal allows purchases to be made with bitcoin when available, but you will have to pay bitcoin sales tax in addition to any taxes related to the purchase of the goods or services. Compared to traditional investing, which has seen a steady decline in fees in recent years, cryptocurrency trading costs a lot more. For example, depending on the payment method, you can pay 5% or more in commissions when trading bitcoins.
However, buying investments through a robotic advisor can cost as little as 0.25%, keeping more of your cash invested. Cryptocurrencies are a new and thriving industry, and customer service has lagged behind what is available in traditional brokerages. Do you want to talk to a person about questions or account problems on the cryptocurrency exchange? There are no pure cryptocurrency exchanges that we reviewed provide such a service. You have more responsibility to protect your cryptocurrencies from theft with cryptocurrency exchanges, especially if you use your own digital wallet.
While exchanges protect you from losses due to site-wide hacks, you won't be protected from individual attacks on your account, for example, a phishing email attack where you unknowingly reveal your passwords to cybercriminals. People often identify opening a savings account as their next money move. At Marcus by Goldman Sachs, a member of FDIC At One, deposits are FDIC insured in Chime, deposits are FDIC insured How do we review cryptocurrency platforms We collect data directly from providers through detailed questionnaires and conduct first-hand tests and observations through vendor demonstrations. Questionnaire responses, combined with demonstrations, interviews with supplier staff, and hands-on research from our specialists, drive our proprietary evaluation process that rates each supplier's performance on more than 20 factors.
The final result produces star ratings from bad (one star) to excellent (five stars). Ratings are rounded up to the nearest half-star. For more details on the categories considered when qualifying runners and our process, read our full methodology. And if you're interested in low-cost options, keep in mind that you can also trade cryptocurrencies with commission-free brokerages like Webull and Robinhood.
The problem with taking this route is that you won't have as many crypto-specific functions as you would with a Kraken or Gemini. Binance (the best general exchange) is “the amazon of cryptocurrencies” and offers not only bitcoin, ethereum and hundreds of other cryptocurrencies to buy and sell with many fiat currencies with bank transfer, credit card and many other options. Binance also offers multi-currency staking (earning interest on its crypto deposits), as well as margin trading. Binance is our recommendation for most users, as they offer the best overall service and experience in the market today.
Fees are probably the lowest you can get in the market at 0.1%. When you pay your trading fees with your own BNB currency, it gets even cheaper. If you're looking to buy or sell any cryptocurrency, exchanges are invaluable platforms that provide key crypto statistics, trading pairs, storage options, and much more. While you can buy or sell cryptocurrency through a software wallet, having an account with a reputable exchange can open many doors in terms of building your wallet.
But using an exchange can be expensive, so finding the most affordable and reputable options is crucial. So, which cryptocurrency exchanges offer the lowest fees for buying and selling? Ranked fourth in global trading volume, Kraken started as a US Bitcoin and Litecoin exchange (as well as a platform for euro trading). Today, it supports a huge list of different cryptocurrencies, from Ethereum to Aave. There are many trading pairs, staking currencies, and financing options available on Kraken, and its buying and selling fees make it a first-choice exchange.
At the moment, Kraken only charges a creator fee of 0.16% and a taker commission of 0.26%. Taker commissions are often higher than maker commissions, since a taker will remove liquidity from an exchange, which is the opposite of what the exchange wants to make a profit. However, this taker fee is still reasonable compared to other exchange platforms. Sitting comfortably as the world's most popular exchange, Binance is a favorite of thousands of crypto buyers and sellers, and for good reason.
Not only is Binance available in more than 180 countries around the world, but its rates are more than friendly. Another great thing about Pionex is its incredibly low maker and taker fees. Both fees are currently only 0.05%, considerably lower than many other popular crypto exchanges out there. In addition to this, Pionex does not charge for deposits, although there is a flat fee for withdrawals that varies by currency.
So what does eToro look like in terms of commissions? In terms of creator and taker commissions, eToro does not charge anything. However, this does not mean that trading on eToro is completely free. The platform charges a spread fee of 0.75%, which is essentially another way that exchanges can charge for transactions. In addition, eToro doesn't charge any deposit or withdrawal fees, which makes moving your money to or from the platform much more enjoyable.
Well, Bybit's overall rates are fantastic. With no creator fee and a taker's fee of just 0.075%, Bybit makes sure to avoid all kinds of nasty charges, regardless of whether you're buying or selling cryptocurrencies. In addition, both withdrawals and deposits are free at Bybit. So, if you are looking for a cryptocurrency exchange with very low fees across the board, Bybit is the one for you.
Currently, KuCoin's creator and taker fees are the same, with a pleasant 0.1% respectively. In addition to this, KuCoin does not charge for deposits of any kind, but it does charge for withdrawals. The fee you will incur for withdrawing funds varies depending on the type of cryptocurrency you are moving. For example, withdrawing Bitcoin will cost you 0.0005 BTC, while withdrawing Polkadot will cost you 0.1 DOT.
It is best to check KuCoin's commissions beforehand to know what type of charges you will incur. FTX, formerly known as Blockfolio, is one of the largest cryptocurrency exchanges in the world, which sits just behind Coinbase in the world ranking. FTX is an incredible exchange for numerous reasons, including its 300 supported currencies, NFT market and advanced trading feature. And, along with these great features, come some wonderfully low fees.
FTX charges a creator fee of just 0.02%, which is considerably lower than that offered by many other exchanges. In addition to this, their taker fees are also very low, currently standing at only 0.07%. The platform also does not charge for withdrawals or deposits, so generally, using FTX ensures that your commissions remain low regardless of your individual trading volume. Although BlockFi isn't as big as some of the other platforms listed here, that doesn't make it an unreliable option for trading cryptocurrencies.
BlockFi offers a range of great products to users, including interest accounts, loan options, and your own credit card. And, when it comes to fees, BlockFi outperforms many other platforms. This is because BlockFi does not charge any type of creator, taker or spread fee. You can also deposit whatever you want into your BlockFi wallet without having to pay a fee.
In addition, you can make one free withdrawal per month on the platform, with variable fees for any additional withdrawals, which depend on the type of crypto you are moving. It really is a great choice across the board for low-cost trading. When buying, selling, transferring or performing any other type of action on cryptocurrency exchanges, unexpected fees can sometimes make the whole process tiring and frustrating. So, if you want to keep your fees to a minimum when using a cryptocurrency exchange, try one of the platforms above to keep those nasty charges at bay.
This is ideal for beginner traders, as you won't be overwhelmed with a bunch of different and advanced features. Some cryptocurrency exchanges have additional services and opportunities to make money beyond trading, including mining and staking. In other words, we will analyze 8 options of cryptocurrency exchange platforms that will take the least amount of money from your transactions. Those who are determined to use margin to trade cryptocurrencies can turn to Kraken, which has slightly higher trading fees that similarly decrease for high-volume traders.
Naturally, I probably wouldn't call Coinbase the “cryptocurrency exchange” with the lowest fees. The US, a national exchange run by global cryptocurrency power Binance, offers much of the advantages of its parent company, including low industry fees and a wide range of cryptocurrencies available to trade. In addition to the high level of security and speed in the execution of trades, it also benefits from low fees: a flat rate of 0.25% on each trade, in fact, is the simplest version of fee explanation we have ever seen for cryptocurrency exchanges. What makes Bittrex stand out from the crowd when it comes to the issue of security is the fact that the exchange keeps the vast majority of crypto assets on cold storage devices, offline wallets that are considered one of the safest forms of crypto storage possible (apart from paper wallets).
Although Gemini is not strictly a personal wallet service, its two storage and custody options, Gemini Wallet and Gemini Custody give you the option of online storage or institutional offline storage for your crypto assets. The cryptocurrency exchange, which currently offers 7 top cryptocurrencies, receives most of its reputation for its pleasant and easy-to-use mobile application interface and no fees are charged for crypto operations. That said, however, today we will take a look at the list of the cheapest cryptocurrency exchanges. By heading to the Kraken in the room (sorry), you can expect the fees for this cryptocurrency exchange to range from 0% to 0.26%, depending on a few different factors.
To work, a cryptocurrency trader places an order with another merchant, or a merchant receives an order from another person. If you have just started buying cryptocurrencies, look for an easy-to-use platform with comprehensive educational resources to help you understand this complex and rapidly developing product. . .