Introducing 5 Exchanges with Lowest Fees

Exchanges charge a small fee for buying as well as selling as well as making transfers. This fee is low in some exchanges and high in some exchanges. You need to be aware of how much your chosen exchange will reduce. If your chosen exchange fee is high and if your activity is high, you will definitely lose a lot of money under the fee.

In the following, I will introduce 5 exchanges with the lowest amount of fee.

Kraken is one of the oldest cryptocurrency exchanges in the world, which has been operating since 2011. The exchange supports more than 90 different cryptocurrencies for buying, selling and trading using a variety of Fiat currencies, with other features such as stocks, margin trading and futures contracts. Kraken is one of the major cryptocurrency exchanges that allows traders around the world to trade. Kraken has become one of the most successful exchanges due to its cheap fees, ease of use, and security and surveillance measures.

Kraken Exchange Fees:

Kraken offers low-cost deals; Makers 0.16 percent and Takers 26. They pay 0%. If the trader has high volume trades, the commissions will be reduced gradually. This means that if your trading volume is high, the maker and ticker fees will be zero and 0.10 percent, respectively.

2. Binance Exchange

Binance is the name of a popular cryptocurrency exchange that was first established in China. In 2018, this exchange was able to surpass its competitors and become the largest cryptocurrency exchange in the world and has been able to retain this title.

On July 1, 2017, the exchange successfully held a $ 15 million initial investment through ICO to raise the required capital, in return for which it distributed BNB tokens to its investors. The BNB currency code was an ERC-20 token. The exchange then launched its own blockchain network called the Binance blockchain network. In the next step, Binance also introduced its Smart Chain network, which is a platform for writing smart contracts.

Binance Exchange Fees:

In this exchange, for people whose transactions are less than 50 bitcoins; They pay 0.1% for each transaction. However, if you use BinanceCoin currency for your transactions, a 25% discount will be considered for the user.

3. Kucoin Exchange

Kucoin Exchange is a very reputable exchange with a ranking of 3 on the Coin Market Cap site. This exchange is not only one of the best alternatives to Binance, but also an exchange with a very reasonable transaction fee. It has the lowest transaction fee among reputable exchange offices. For more information on cocaine, we recommend reading the following.

The fee structure in Kucoin Exchange is based on VIP levels. For level zero, the fee for maker and ticker is only 0.1%. By increasing the volume of transactions and also buying your own tokens, an exchange called KCS will include a discount in the commission. It is interesting to know that at higher levels the trading fee is zero and for the maker it is even negative. In other words, not only do you not pay a fee for transactions, but you also buy the desired currency at a lower price than the board.

Kucoin Exchange Fees:

In this exchange, each transaction has a fixed fee of 0.1%. Costs are also reduced based on the volume of user transactions.

4. CoinBase Exchange

CoinBase Exchange is another exchange that operates in the field of buying and selling cryptocurrencies worldwide. The exchange initially started in China and has now moved its servers to the United States.

CoinBase Exchange Fees:

In terms of commission rates, CoinBase can be considered one of the most expensive exchanges, because it receives 0.50% for each transaction in cryptocurrency transactions, and in addition to other additional costs, it receives an amount from its users, which is generally the commission rate of this Brings the exchange to a figure of about 4% per transaction.

At Coinbase, you pay 0.50% per transaction plus additional fees based on payment method; In fact, in each transaction, the average commission is deducted up to 4%.

5. FTX Exchange

FTX is a cryptocurrency exchange established in May 2019 in Hong Kong. The exchange, which was built with the slogan “by traders and for traders”, introduced its brand with the first derivative products of its kind in the cryptocurrency industry. Shortly after its launch, FTX was among the top five exchanges in terms of trading volume, with positive reviews. The exchange quickly gained popularity among small traders and crypto derivatives professionals.

FTX Exchange Fees

Like most foreign exchange derivatives platforms, the FTX exchange has its own fee classification structure based on the volume of dollar transactions. On average, Maker commissions will be 0.02% and Taker commissions will be 0.07%, as you can see in the image below.

FTX Exchange has also developed a VIP program for professional traders. This VIP program provides a personal management account and the opportunity to participate in market-making programs for traders who trade at high volumes for a lower fee.

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