Looking for the lowest fees crypto exchange can be mind-boggling at times. The crypto market has hundreds of crypto exchanges. Presently, there are more than 200 trading platforms that conduct crypto trading operations using more than 7,000 crypto pairs and fiat currencies. Every one of these crypto exchanges work within various ecosystems and serve different purposes.

Crypto assets provide investors with opportunities to earn profits considering the market situations are favorable. Every exchange also charges a trading fee to the users. The trading fees depend on the size of the trade, medium of trading, and the exchange you plan to trade on. Every platform has its own fee structure and policies.

Here enlisted are the lowest fees crypto exchanges in 2021.

Lowest Fees Crypto Exchange - Binance

Binance tops this list of lowest fees crypto exchanges because of its competitive trading fees rates. The platform possesses a high trading volume of millions of dollars, which makes it one of the largest exchanges in the world. Binance supports over 380 cryptocurrency and fiat currency pairs.

Binance is based on a maker-taker mechanism regarding transaction fees. The lowest fee for takers is 0.04% for a trading volume above 150,000 Bitcoin. Remember that for takers, fees increase when the trading volume reaches over 11,000 BNB and 500BTC.

On the other hand, for makers trading fees rate is set between 0.020% to 0.090%. Note that these fee percentages are not absolute, they vary based on the crypto market and exchange conditions.

Moreover, the exchange offers exclusive discounts if you trade with exchange native BNB tokens.

HitBTC

HitBTC is another one of the lowest fees crypto exchange and has a trading volume of over $180 million. It provides support to more than 300 digital assets. The exchange has an interactive UI that allows users with different experience levels to trade easily. HitBTC charges market takers a 0.1% fee. The selling point of this exchange is that it rewards market makers with a 0.1% rebate

Kraken

Established in 2011, Kraken is one of the oldest crypto exchanges with the lowest fees. Just like Binance, Kraken also follows the maker-taker pricing model. Makers on this platform don’t have to pay any trading fees until or unless their trading volume lies above $10 million in a period of 30-days. However, if the trading volume falls below the defined limit, then the trading fees range from 0.02% to 0.16%. On the contrary, takers fees are set from 0.10% to 0.26%.

Gemini

Gemini is a completely regulated and licensed crypto exchange with lowest fees. It is regulated by the New York State Department of Financial Services. This exchange also has its own utility token known as the Gemini Dollar GUSD that is pegged to the US Dollar at a 1:1 ratio. Gemini also has a low fees structure. According to its fee structure, both makers and takers are set between 0.10% and 1.00%. Although the trading fee varies depending on the trading volume and market volatility.

Bitstamp

Bitstamp is a Europe-based lowest fees crypto exchange with a trading volume of millions of dollars. It supports multiple crypto assets such as Ripple (XRP), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH).

This trading platform doesn’t charge separate fees for market makers and takers. However, conditions apply on high trading volume, the exchange can obtain customized fees. Apart from that, average trading fees range between 0.10% to 0.25%.

Moreover, Bitstamp charges additional fees if you make withdrawals via debit cards and deposits through credit cards. The fees for credit card deposits sit at 5% of the amount deposited. Although, European consumers can take the benefit of the Single Euro Payments Area arrangement and get withdrawals with just 0.90% fees and free deposits.

Coinbase Pro

In 2018 Coinbase introduced its GDAX program as Coinbase Pro. Coinbase Pro is a platform designed for seasoned traders with advanced trading options. This platform also offers a low trading fee infrastructure like other exchanges on this list.

Coinbase Pro doesn’t charge a maker fee but doesn’t offer rebates either. Takers are required to pay a fee of 0.30% to 0.10% per transaction.

Conclusion

It is almost impossible to crown one platform as the best crypto exchange with lowest fees structure. All the above-mentioned platforms offer a competitive fees structure that attracts a great number of users. However, users who are looking for a platform with competitive rates and multiple trading options and tools can take a look at the available options and choose on the basis of their trading needs and requirements.