No one likes paying high fees when it comes to cryptocurrencies. One of the most important reasons for users to get into the crypto world is the price factor, at least for the vast majority of them. Some of the exchanges on the market have incredibly high fees but they claim to offer the best of services for the price.
Other crypto exchanges are simply making money off of your investment and give nothing in return. Regardless of which exchange you choose to do business with, it’s important to know the prices and the opportunities before you invest.
For that reason, we at DC Forecast will show you a list of possible exchanges that have the lowest transaction fees and most of the users are willing to use them as their go-to tool.
Binance is a crypto exchange that is based in Malta and is an exchange with some of the lowest fees per trade at 0.05%. Binance is available in English, Chinese, Spanish, Russian and many more languages and supports lots of coins. With Binance you can convert your coins into almost every other altcoin.
Despite being the world’s most popular crypto exchange, Binance is not only for experienced users. New users are welcome on the platform and can easily navigate around it. Their support team is excellent and you can always contact them for more information. Binance is an exceptionally secure stage and gives an extraordinary, slack-free client encounter. As such, it additionally has applications for iOS and Android which can be utilized to check your portfolio and exchange.
BitMEX only accepts deposits via Bitcoin which later can be used to buy many other cryptocurrencies. The platform specializes in financial operations such as margin trading that is actually trading with leverage. It is currently unregulated in any jurisdiction. If you would like to create an account on BitMEX, you would first need to register to the website via an email address which pretty much covers the anonymity aspect of registration. The address still has to be genuine because users will need to confirm the registration.
The widgets on the platform can change according to the user’s preferences thus allowing all users to have full control. This exchange uses an auto-deleveraging method that makes sure that liquidated positions are able to be closed in a volatile market. BitMEX has an Android app only which is not even official so it’s recommended that users use it on their desktop.
This exchange will allow you to purchase bitcoin with a credit card, cash or SEPA transfer. They have low trading fees of 0.2% and operate in many countries around the world. The verification process can be a little extensive.
CEX (additionally prominently known as CEX.IO) has been around since 2013. This altcoin trade has a significant ruling nearness and is especially known for the way that it bolsters Credit Card installments. CEX at first began off as a Bitcoin exchanging and cloud mining stage, however, has since ventured into turning into a legitimate, undeniable Altcoin trade.
CEX has a high exchanging volume and offers various levels of record checks. The most abnormal amount of checked records can make substantial exchanges consistently. Their day by day store and withdrawal confine is 10000$ every day and 100000$ every month! This makes CEX extraordinary compared to other altcoin exchanging stages for the individuals who bargain in huge sums.
Coinbase PRO is one of the largest Bitcoin exchanges in the U.S but also very popular in Australia as well. Users can purchase bitcoin via bank transfer or bank wire. Coinbase PRO has decent prices and low fees but it can be a little difficult to use for beginners. You can buy bitcoins here for exactly 0 percent fees.
The great thing about this exchange is that it’s directly connected to Coinbase which gives you a great advantage with the ease of use.
Bittrex is on the list of the 10 largest crypto exchanges and there’s a reason behind that. Bittrex supports a lot of coins that other exchanges don’t. The platform’s team recently worked on a new interface that is simpler and easier to use because they were getting lots of complaints from users that the interface was incredibly confusing. They listened to their users and changed the interface after three years of using the same one.
Bittrex offers fast deposits and withdrawals, quick processing of transactions and regular updates. The platform has a lot of users and therefore must provide excellent customer support. Bittrex runs a dedicated support page and is also very active on all major social media. Also, the platform provides fast access to almost every known cryptocurrency so customers can easily trade and also pay small fees by 0.25 percent on all trades.
In a world full of crypto exchanges, Bit2C is proudly standing as one of the most dominant local exchanges – active in the Israeli market and offering crypto trading in several digital assets against the local fiat currency, ILS.
There is no coin-to-coin trading. Regarding commissions, the fixed commission for Bitcoin is 0.001 BTC, for Bitcoin Cash it is 0.0001 BCH, for Bitcoin Gold it is 0.0001 BTG and for Litecoin it is 0.02 LTC accordingly.
All in all, Bit2C gives the Israeli population a great chance to trade crypto. As an exchange that is developed in Hebrew, it is an entry-level domestic service which offers crypto trading in most of the altcoins against Israeli shekels – and one that works with local bank transfers.
Gemini is a New York-based exchange but it’s also very popular in South Korea, Singapore, and Canada. It’s trustworthy and has some of the lowest fees in the US. It can be a little confusing at first and also it’s not available for every state in the US.
Make sure to check their website for more detailed pricing and have a look at the chart board with all the prices explained simply.
You can buy Bitcoins with cash on this exchange by cash deposit. You should first find a seller in your area who accepts cash. Then, you should place an order, wait and receive an offer from the seller. The last thing to do is to send a receipt for proof of the trade. After you finish all this, you will have your bitcoins in your wallet. It’s very fast, private and easy. Be sure to always follow every step and all the rules so you can protect yourselves from scams.
BitStamp is a popular European crypto exchange with more than 3 million traders. You can trade your Bitcoins, Ethereum, Ripple and Bitcoin Cash and deposit/withdraw US Dollars and Euros.
BitStamp doesn’t offer separate fees for market makers and the usual trading fees vary from 0.10% to 0.25% based on the trading volume. Also, Bitstamp charges a $10 fee for debit card withdrawals and 2% for withdrawals above $1,000. Clients from Europe can use the Single Euro Payments system and get free deposits and pay 0.09 for withdrawals.
Kraken is also one of the most popular crypto exchanges that have over $120 million in trading volume in just 24 hours. It was founded back in 2011 and it is one of the oldest Bitcoin exchanges.
Kraken uses the maker-taker pricing method. Market makers don’t pay fees if they manage to keep their 30-day trading volume above $10 million. If this volume falls below this point, they have to pay a 0.02% fee which can go up to 0.16%. Taker fees start at 0.26% and can also drop to 0.10%.
Launched back in 2017, KuCoin is one of the youngest crypto exchanges. It supports more than180 cryptocurrencies. KuCoin has adjustable amounts for withdrawal charges. For example, withdrawing Bitcoin will cost you a fee 0.005 Bitcoins. The fees vary depending on the currency.
KuCoin takes a 0.1% fee for each transaction but users that have the native KCS coin can get discount up to 30%.
HitBTC is a crypto exchange that is active since 2014 and it is a really popular one. Users love it mainly because of the low fees and that opportunity to get a rebate for creating liquidity on the exchange.
Taker fees start from 0.10% which is a pretty good deal on its own but if you are the market maker instead of paying fees, you will earn 0.01%. Another great aspect of HitBTC is that is incredibly beginner friendly. Those who are new to the crypto world can often feel overwhelmed and confused when they start trading but with HitBTC everything is made simple and extremely understandable.
Also, despite the ability to trade major cryptocurrencies here, you can use fiat currencies as well.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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