Best Low Fee Crypto Exchanges

Based in: United States

Gate.io is one of the oldest crypto-to-crypto exchange from China operating since 2013.

After being rebranded to Gate.io in 2017, it is one of the fastest-growing crypto platforms with a leading Initial Exchange Offering (IEO) platform, numerous cryptocurrencies, margin trading with leverage, and other advanced financial services like margin lending or borrowing.

Despite having a powerful trading engine, the platform interface feels somewhat cluttered as is generally not the best starting place for inexperienced investors.

Pros

• Over 180 currencies and nearly 400 markets
• Many features including margin trading with 10x leverage.
• Excellent IEO platform
• Able platform with mobile apps
• Good customer support

Cons

• No fiat deposits
• Unregulated exchange
• The team is not transparent
• The exchange interface is somewhat untidy
• Not recommended for beginners

Based in: Global

If you’re looking for a high-performance cryptocurrency exchange that has cheap fees, then Binance is a good option. It is the world’s largest crypto exchange by daily spot trading volume and is available to users in most jurisdictions, including the UK. After years of secure operations, Binance can be considered the safest platform.

Features

• An instant “Buy and Sell” crypto option.
• A Visa card for converting and spending crypto.
• P2P trading platform.
• An OTC desk for large and institutional traders.
• Access to crypto-collateralized loans.
• Binance provides educational content for new investors via Binance Academy.
• A variety of trading interfaces that matches the user’s experience.
• Interest-paying crypto products and staking facilities.

Pros

• Binance lists a large number of cryptocurrencies and adds new assets that are widely in demand.
• Binance offers high liquidity across all trading pairs.
• The exchange has a responsive customer service desk.
• Users enjoy a discount on trading fees when they use Binance Coin (BNB).
• Binance allows experienced traders to enjoy a high leverage position, up to 125x.

Cons

• Binance is loosely regulated and may come under the regulatory spotlight in the future.
• Binance has occasionally listed crypto tokens that turned out to be apparent scams.

Based in: China

Since launching in 2017, KuCoin has experienced tremendous success and is now a market-leading cryptocurrency exchange that offers access to over 200 different cryptocurrencies. This makes the exchange ideal for those looking to invest in altcoins.

While not offering the same amount of features as other exchanges, KuCoin is continually advancing and now offers derivatives trading, instant purchases and staking options. Users can lower fees on the platform by holding the native cryptocurrency, KCS.

Pros

• Hundreds of tradable cryptos with low fees.
• Can decrease trading fees by 20% by paying with KuCoin’s proprietary KCS stablecoin.
• Automated and margin-based trading available.

Cons

• Buying select crypto requires payment methods that may be too complex for beginner investors.

Based in: United States

Founded in 2011, is the largest cryptocurrency exchange in euro volume and liquidity and is a partner in the first cryptocurrency bank.

Kraken lets you buy and sell bitcoins and trade between bitcoins and euros, US Dollars, Canadian Dollars, British Pounds and Japanese Yen. It’s also possible to trade digital currencies other than Bitcoin like Ethereum, Monero, ethereum Classic, Augur REP tokens, ICONOMI, Zcash, Litecoin, Dogecoin, Ripple and Stellar/Lumens. For more experienced users, Kraken offers margin trading and a host of other trading features. Kraken is a great choice for more experienced traders.

Check out the FAQ.

While the crypto exchange is based out of San Francisco, USA, they still have one of the largest Euro-to-crypto markets in the world. Kraken is available to residents of the US, Canada, Japan, and various European nations.

Kraken does not currently accept deposits via credit cards, debit cards, PayPal, or similar services. In 2014, Kraken became the number one exchange in the world when it comes to Euro trade volume. They also pioneered the first verifiable cryptographic proof of reserves audit system and was also listed on the Bloomberg Terminal within the same year. It has a solid, yet non-beginner-friendly crypto trading platform.

Pros

• High-security measures, very safe to use, two-factor authentication on the account login
• Reasonable fees on deposit/withdrawal
• Sleek design, a good overview of the trading market with lots of customizations
• A lot of cryptocurrencies and pairs to trade
• Proof of reserves audit
• Popular with experienced traders for excellent services
• Staking services, OTC, Margin, Indices, Futures, Dark Pool, Account management, Cryptowatch

Cons

• Not exactly beginner-friendly
• A slow verification process for intermediate and pro-level accounts
• Website slow on occasion
• No credit/debit card deposits

Based in: USA

Gemini is a cryptocurrency exchange and custodian that offers investors access to 26 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.

Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader.

In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft.

Pros:

• Easy and quick signups — can get started in as little as a few minutes
• Multitude of platforms to accommodate traders of all skill levels
• Hot wallets include insurance to protect your from theft and hacking attempts

Cons:

• Higher fees than some other crypto exchanges