The different fees on a crypto exchange
When you trade on a securities exchange cryptocurrenciesseveral types of fees can affect your transactions.
Understanding these costs is essential to optimize its operations and to maximize your profits.
Trading fees
Costs trading represent the commission that the exchange receives on each transaction. They are usually expressed as a percentage of the transaction amount and can vary depending on the type of order placed, whether it is a market order or a limit order. Some platforms offer discounts on these fees for users who use their token or have high trading volume.
These fees are collected by the platform as soon as you execute a transaction, whether it isbuy or sell cryptocurrencies.
Withdrawal fees
Withdrawal fees are taken by the platform when you wish transfer your cryptocurrencies to an external wallet. These fees are often fixed and vary from one blockchain to another and reflect the cost necessary to process and secure transactions on the network concerned.
Filing fees
Deposit fees are charged by some platforms when you deposit funds into your account. These fees may vary depending on the payment method chosensuch as bank transfer or credit card.
Although many platforms offer fee-free Euro deposits to encourage users to deposit money, it is essential to check the fees to avoid unpleasant surprises.
Comparison of the best crypto exchanges with the least fees
As a general rule, to benefit from low fees When you buy or trade cryptocurrencies, you should go to the most well-known platforms such as:
These platforms allow you to buy cryptocurrencies, exchange them, grow them through staking and do trading.
| Header wording | Bitget | BloFin | MEXC | Binance | Bybit |
|---|---|---|---|---|---|
| Spot Fees | 0.1% (Maker) and 0.1% (Taker) | 0.1% (Maker) and 0.1% (Taker) | 0.0% (Maker) and 0.0% (Taker) | 0.1% (Maker) and 0.1% (Taker) | 0.1% (Maker) and 0.1% (Taker) |
| Future Charges | 0.02% (Maker) and 0.06% (Taker) | 0.02% (Maker) and 0.06% (Taker) | 0.1% (Maker) and 0.01% (Taker) | 0.02% (Maker) and 0.05% (Taker) | 0.02% (Maker) and 0.05% (Taker) |
| Fiat currency deposit | 0 | 0 by transfer and 1% by card | Depends on the payment method used | €1 by transfer and 2% by bank card | €1 by transfer and 2% by bank card |
| Cryptocurrency deposit | Depends on cryptocurrency and network | Depends on cryptocurrency and network | No charges | Depends on cryptocurrency and network | Depends on cryptocurrency and network |
| VIP Program | ✅ | ✅ | ✅ | ✅ | ✅ |
| Discover Bitget | Discover BloFin | Discover MEXC | Discover Binance | Discover Bybit |
What are the best crypto platforms with the lowest fees?
Discover a brief presentation of each platform as well as a summary of the fees charged by them.
Bitget: Buy and trade cryptos at lower costs
Bitget is a trading platform that has recently revolutionized the market and offers numerous trading features to its users. All with attractive fees.
Founded in 2018, Bitget is a platform specializing in cryptocurrency trading which allows spot trading, futures trading as well as copy trading.
On Bitget, expenses for spot transactions are 0.1% for Makers and Takers (for normal users). For the futures side, transaction fees for Maker are 0.02% and 0.06% for Takers.
Bitget does not charge no fees for deposits of fiat currencies or cryptocurrencies. But charges withdrawal fees which vary depending on the cryptocurrency you wish to withdraw and the network used to make the transfer.
| Kind | Fresh Maker | Fresh Taker |
|---|---|---|
| Spot Fees | 0.1% | 0.1% |
| Future Charges | 0.02% | 0.06% |
| Fiat currency deposit | 0 fees |
| Cryptocurrency deposit | Depends on cryptocurrency and network |
It is important to specify that Bitget has a VIP program which allows you to obtain relatively significant reductions on transaction fees. This VIP offer is interesting for traders who are used to carrying out a large volume of transactions on a daily basis or who hold a relatively large amount on the platform.
BloFin: Trade cryptos with low fees and no KYC
BloFin is a centralized platform specializing in cryptocurrency trading which offers its users the opportunity to trade on perpetual and future contracts.
Founded in 2019, BloFin is a platform on which it is possible to do spot trading, derivatives trading, copy trading as well as use trading bots.
On BloFin, the fees for spot transactions are 0.1% for Makers and Takers. For the futures side, transaction fees for Maker are 0.02% and 0.06% for Taker.
| Kind | Fresh Maker | Fresh Taker |
|---|---|---|
| Kind | Fresh Maker | Fresh Taker |
| Spot Fees | 0.1% | 0.1% |
| Future Charges | 0.02% | 0.06% |
| Fiat currency deposit | 0 by transfer and 1% by card |
| Cryptocurrency deposit | Depends on cryptocurrency and network |
MEXC: The lowest trading fees on the market
MEXC is a cryptocurrency exchange, without mandatory KYC (or identity verification). Created in 2018, this platform is ideal for buying cryptocurrencies and trading while remaining anonymous.
This platform allows you to do spot trading (spot), to do some futures trading as well as doing options trading.
On MEXC, the fees for spot transactions are 0.0% for Makers and Takers. For futures contracts, transaction fees for Maker are 0.1% and 0.01% for Taker.
| Kind | Fresh Maker | Fresh Taker |
|---|---|---|
| Spot Fees | 0.0% | 0.0% |
| Futures contracts | 0.1% | 0.01% |
| Fiat currency deposit | Depends on the payment method used |
| Cryptocurrency deposit | No charges |
Binance: Market leader
Binance is the most popular cryptocurrency exchange in the world. This platform allows you to buy and exchange hundreds of cryptocurrencies as well as trade while using leverage.
On Binance, the fees for spot transactions are 0.1% for Makers and Takers. For the future, the transaction fees for Makers are 0.02% and 0.05% for Takers. However, trading crypto futures on Binance is not available in France. For the French, there are alternatives like Bitget or BloFin.
The costs for bank card deposits are from 2% and the fees for standard transfers are from €1. The withdrawal fees by transfer are also €1.
| Kind | Fresh Maker | Fresh Taker |
|---|---|---|
| Spot Fees | 0.1% | 0.1% |
| Future Charges | 0.02% | 0.05% |
| Fiat currency deposit | €1 by transfer and 2% by bank card |
| Cryptocurrency deposit | Depends on cryptocurrency and network |
Binance also has a loyalty program which allows you to obtain reductions on fees that we pay when we carry out purchase or sale transactions on the platform. We recommend that you take an interest in these different loyalty programs in order to make great savings.
Bybit
Bybit is one of the most popular platforms for traders in 2024 and makes trading easy. This platform is suitable for both beginners and experienced users and makes it easier to purchase cryptocurrency, as well as trading.
| Kind | Fresh Maker | Fresh Taker |
|---|---|---|
| Spot Fees | 0.1% | 0.1% |
| Future Charges | 0.02% | 0.05% |
| USDC Options trading | 0.02% | 0.02% |
| Fiat currency deposit | €1 by transfer and 2% by bank card |
| Cryptocurrency deposit | Depends on cryptocurrency and network |
Like all the platforms mentioned in this article, Bybit also has a loyalty program. The more active you are on the platform, the more you get reductions on fees that you pay.
Why are trading fees important?
Trading fees can quickly add up to large sums, especially for active traders. They can have a significant impact on the profits you make from trading, particularly in the most volatile markets, where many transactions are made every day.
It is essential to understand how these fees are calculated and to take into account in your trading strategy to maximize your returns on investment.
In the long term, the fees we pay for trading can have a strong impact on our profitability.
Choose the right one exchange platform requires considering several factors beyond trading and withdrawal fees. There securitythere ease of usethere variety actives availablet the Customer Support are all crucial.
It is recommended that you read reviews, compare features, and test platforms for yourself before committing.
Our opinion on the fees of a crypto platform
Fees are an element unavoidable in choosing an exchange platform, but they should not be the only criterion. A platform can justify higher fees by best securitya greater liquidity or some additional features which improve the user experience for example.
Every investor should evaluate their priorities and choose their platform of choice accordingly.
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