No one likes fees, and you are probably surprised to see that fees are being charged for using exchange platforms, so here we present you some great Cyptocurrency Exchanges to trade with low fees.
Thank you for reading this post, don't forget to subscribe!When buying or trading bitcoin, one of the main factors that many users consider is the fee charged by the exchange. Well, that’s how cryptocurrency exchanges make money. They need to charge fees to obtain a source of income in order to be able to provide customer support and pay staff support salaries and more.
So, obviously, fees are never welcome. And, as in any industry, there are cryptocurrency exchanges that charge
the lowest market rates, or even some exchanges with no trading fees.
It is obvious, that cryptocurrency exchanges cannot charge a huge amount of fee, considering that they need customers. Therefore, in order to retain customers, they need to lower their rates.
Exchanges have adopted, over the years, several strategies to attract new customers or keep existing ones involved in their services. One of these strategies is to create your own currencies to increase liquidity on the platform and be used as a reward for the users who own them.
There are several cryptocurrency exchanges that have developed their internal currencies that offer dividends and fee discounts to customers who own or use their native currencies.
Here are some criteria that we’ve considered when choosing the best cryptocurrency exchange:
- Reliability – we only list the best reliable and secure exchanges;
- Good daily trading volume;
- Exclusive feedback from the community about the exchange;
- Ease of use – we select exchanges that are easy to navigate and operate manually or using auto trade robots;
- Need for verification (KYC)- whether it is necessary to verify the identity of the documents to start operating;
- A good number of pairs traded on the exchange;
- Technical support in case of problems;
- Trading and withdrawal fees.
These are some of the best exchanges to trade bitcoin or alt coins at low rates, not listed in any special order:
LinkCoin is an Over-The-Counter (OTC) cryptocurrency exchange that was developed by Yesbit Ltd in collaboration with Bibox. Headquartered in Toronto, Canada, the exchange processes transactions autonomously through smart contracts.
Besides, with a fully functional website and Android + iOs applications, the platform has the technological infrastructure necessary to provide users with a service that meets all their investment needs. It has 7 cryptocurrencies available for purchase (BTC, ETH, BCH, ETC, LTC, LKN, BIX), with some of the industry’s lowest transaction fees (zero buyer fees + 0.6% seller fees), they do have to buy and selling cryptocurrencies as affordable as possible.
Accessibility is something this Exchange also values. That’s why they accept Interac e-Transfer, Bank Wire, AliPay, and WeChat Pay. Users can also pay in CAD, USD, CNY, JPY, etc…
Pros:
- Identity is not required;
- Very cheap to sell;
- Platform token;
- Free to buy;
- High privacy and security;
- Many payment options.
Cons:
- Lack of altcoins;
- Limited volume;
- Not friendly for beginners.
Website: www.linkcoin.me
Bisq, former Bitsquare, is an easy-to-use peer-to-peer exchange that allows you to buy and sell bitcoins on fiat currencies or cryptocurrencies.
Bisq trades itself as a truly decentralized, peer-to-peer exchange that is instantly accessible and requires no need to register or rely on a central authority. Bisq never holds user funds and anyone, except business partners, exchanges personal data.
The platform offers great security with multisig addresses, security deposits, and a special purpose arbitration system in case of commercial disputes.
If you want to remain anonymous and not trust anyone, Bitsq is the perfect platform.
Pros:
- Good reputation;
- Secure and private;
- A lot of cryptocurrencies available;
- No sign-ups;
- Decent fees;
- Open-source;
- Available worldwide;
- Good for advanced traders.
Cons:
- Limited payment options;
- Average customer support;
- Unfriendly for beginners.
Website: bisq.network
Supported by trusted investors and used by millions of customers around the world, Coinbase is one of the most popular and well-known brokerage and trading platforms in the world.
The platform makes it easy to purchase, use, store and trade digital currency securely.
Users can buy bitcoins, Ethereum, and now Litecoin through a digital wallet available on Android and iPhone or through trading with other users on the company’s Global Digital Asset Exchange (GDAX) subsidiary.
GDAX currently operates in the USA, Europe, the United Kingdom, Canada, Australia, and Singapore. At the moment, GDAX does not charge transfer fees for handling funds between your account and your GDAX account.
For the time being, the choice of negotiable currencies, however, depends on the country in which you live.
Pros:
- Good reputation;
- Security;
- Reasonable fees;
- Some currencies for beginners are covered by Coinbase insurance.
Cons:
- Customer support;
- Limited payment methods;
- Limited supported countries;
- Non-uniform distribution of services worldwide;
- GDAX only suitable for technical merchants.
Website: www.coinbase.com
If your goal is to have cryptocurrency trades for cryptocurrencies, Binance is one of the best options.
Ranked as one of big the most popular cryptocurrency exchanges worldwide, they offer impressive offers, in addition to an extremely low trading fee. Although the platform is a young player in the market, it is growing rapidly and holds a huge choice of altcoins with Bitcoin, Ethereum, and Tether pairings.
The exchange offers its own currency called BNB (Binance currency). As a CEX, you can get decent discounts while trading with your token. It offers a standard trading rate of just 0.1%, which can be further reduced if payment is made at BNB.
Pros
- Ubiquitous platform;
- Platform token;
- Very cheap for transactions;
- Available worldwide.
Cons:
- Limited payment options.
Website: www.binance.com
Co-founded by Tyler and Cameron Winklevoss, Gemini is an authorized Bitcoin and Etherium exchange in the U.S. This means that their capital requirements and regulatory standards are similar to a bank.
In addition, all deposits in US dollars are held in a bank insured by the FDIC and most of the digital currency is kept in refrigerated storage. The Exchange trades three currencies, U.S. dollars, bitcoin and ethereum, so the platform does not serve operators of the multitude of other cryptocurrency currencies.
The exchange operates through a manufacturer-buyer rate table with discounts available to high-volume traders. All deposits and withdrawals are free.
The platform is only available to customers in 42 states in the US, Canada, Hong Kong, Japan, Singapore, South Korea, and the United Kingdom.
Pros:
- Security and Compliance;
- Smooth/minimalist design and easy to use;
- Great analysis;
- High liquidity.
Cons:
- Limited currencies:
- Small community;
- Average customer support;
- Limited availability around the world;
- No margin trading.
Website: www.gemini.com
LocalBitcoins is a P2P Bitcoin exchange with buyers and sellers in thousands of cities around the world.
With this platform,, you can find people in your local area and buy or sell bitcoins in cash, send money through PayPal, Skrill, or Dwolla or make a cash deposit at a bank branch. You can only receive a 1% commission from sellers who set their own exchange rates.
To ensure that trading is safe, the platform takes several precautions. To begin with, the platform ranks each merchant with a reputation rating and publicly displays past activities. In addition, once a negotiation is requested, the money is retained in their custody service. After the seller confirms that the deal is complete, the funds are released.
If something goes wrong, the support and conflict resolution team to resolve conflicts between buyers and sellers.
Pros:
- No ID Necessary;
- Usually free;
- Instant transfers;
- Available worldwide.
Cons:
- Difficult to buy large amounts of bitcoin;
- High exchange rates.
Website: www.localbitcoins.com
CoinMama is a platform for veteran brokers that anyone can visit to buy bitcoins or Ethereum using their credit card or cash via MoneyGram.
Is great for those who want to make instant purchases of digital currency using their local currency. Although the service is available worldwide, users should be aware that some countries may not be able to use all functions of the site.
Is available in English, German, French, Italian, and Russian.
Pros:
- good reputation;
- Friendly to the beginner;
- Excellent user interface;
- Good variety of payment options;
- Available worldwide;
- Fast transaction time.
Cons:
- High exchange rates,
- Premium credit card fee,
- No bitcoin selling function,
- Average user support.
Website: www.coinmama.com
Bitstamp is a European Union-based bitcoin market, founded in 2011.
The platform is one of the first generation bitcoin exchanges that has built a loyal customer base. Bitstamp is well known and trusted across the bitcoin community as a secure platform.
It offers advanced security features, such as two-step authentication, multisig technology for the wallet, and completely secure cold storage. Bitstamp has 24/7 support and a multi-lingual user interface, and it is relatively easy to get started.
After opening a free account and making a deposit, users can start trading immediately.
Pros:
- Good reputation;
- High-level security;
- Worldwide availability;
- Low transaction fees
- Good for large transactions.
Cons:
- There are not beginner-friendly payment methods;
- High deposit rates
- User interface.
Website: www.bitstamp.net
Founded in 2014, Poloniex is one of the world’s leading cryptocurrency exchanges. The exchange offers a secure trading environment with more than 100 different Bitcoin cryptocurrency pairs and advanced tools and data analysis for advanced traders.
As one of the most popular trading platforms with the highest trading volumes, users will always be able to close a trading position. The Company employs a fee schedule by the buyer, at all levels, so that fees are different, depending on whether it is the manufacturer or the borrower. For manufacturers, rates vary from 0 to 0.15%, depending on the amount negotiated.
For buyers, rates vary from 0.10 to 0.25%. There are no fees for withdrawals in addition to the transaction fee required by the network.
One of the exclusive tools of the Poloniex platform is the chat box, which is constantly filled with the help of the user in virtually everything. Any user can write almost anything, but inappropriate comments are eventually deleted by moderators. Sometimes it can be difficult to distinguish good from bad advice, but Chatbox is a great tool that will keep you engaged.
Pros:
- Quick account creation;
- Rich feature;
- BTC loans,
- High volume trading
- Easy to use
- Low trading fees
- Open API.
Cons:
- Slow customer service.
Website: www.poloniex.com
Cex.io provides a wide range of services for using bitcoins and other cryptocurrencies.
The platform allows users to easily trade fiat currency with cryptocurrencies and, conversely, cryptocurrencies for fiat currency.
For those looking to trade bitcoins professionally, the platform offers customized and easy-to-use trading panels and margin trading. Alternatively, CEX also offers a brokerage service that provides inexperienced traders with an extremely simple way to buy bitcoin at prices that are more or less in line with the market rate.
The Cex.io website is safe and intuitive, and cryptocurrencies can be stored in secure storage.
Pros:
- Good reputation;
- Good mobile product
- Credit card support;
- Beginner-friendly
- Decent exchange rate
- Worldwide support;
- API solutions for automated trading.
Cons:
- Strict verification rules;
- Fees vary by payment method.
Website: www.cex.io
ShapeShift is the leading exchange that supports a variety of cryptocurrencies, including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogecoin and many others.
Shapeshift is great for those who want to trade instantly without having to sign up for an account or rely on a platform to hold their funds and does not allow users to buy cryptos with debit cards, credit cards or any other payment system.
The platform only allows exchange between bitcoin and the other supported cryptocurrencies.
Pros:
- Good reputation;
- Friendly for beginners;
- Dozens of Crypto available for exchange;
- Quick and reasonable prices.
Cons:
- Medium mobile app;
- No fiat currencies;
- Limited payment options and tools.
Website: www.shapeshift.com
Founded in 2011, Kraken is the largest Bitcoin exchange in volume and liquidity in euros and is a partner of the first cryptocurrency bank.
Kraken allows you to buy and sell bitcoins and trade between bitcoins and euros, US dollars, Canadian dollars, British pounds and Japanese yen. It is also possible to trade digital currencies other than Bitcoin such as Ethereum, Monero, Ethereum Classic, Augur REP tokens, ICONOMI, Zcash, Litecoin, Dogecoin, Ripple and Stellar / Lumens.
For more experienced users, Kraken offers trading margin and a number of other trading features. Kraken is a great option for more experienced traders.
Pros:
- Good reputation;
- Decent exchange rates;
- Low transaction fees;
- Minimum deposit fees;
- Advanced features;
- Excellent user support;
- Secure and supported worldwide.
Cons:
- Limited payment methods;
- Not suitable for beginners;
- Intuitive user interface.
Website: www.kraken.com
Coinsquare is built with the same technology as the New York Stock Exchange.
They are focused on safe negotiations, because at the end of the day, trust your money with them. They understand this and take it very seriously.
Its system is 100% proprietary, it has been stress tested and tested against DDoS, and it has never lost a single coin. They also maintain a ledger in the interest of ensuring that they know where each currency – whether Canadian or eternal – is at all times.
Pros:
- Good reputation;
- Security
- Reasonable rates
- Friendly for beginners.
Cons:
- Customer support;
- Limited payment methods
- Limited supported countries
- Non-uniform distribution of services worldwide.
Website: www.coinsquare.com
So, tell us in the comments below if you use any of these exchanges.
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