Which crypto exchanges in North America offer the lowest fees?
Souvik SahaNov 23, 2021 · 3 years ago12 answers
I am looking for information on crypto exchanges in North America that offer the lowest fees. Can you recommend any exchanges that have competitive fee structures? I am particularly interested in exchanges that have low trading fees and withdrawal fees. It would be great if you could also provide some insights into the fee structures of these exchanges and any additional fees that users should be aware of. Thank you!
12 answers
- Nov 23, 2021 · 3 years agoSure! One crypto exchange in North America that offers low fees is Coinbase. They have a tiered fee structure based on the trading volume, which means that the more you trade, the lower the fees you pay. For example, if you trade less than $10,000 per month, the fee is 0.50%. However, if you trade more than $10 million per month, the fee can be as low as 0.10%. Additionally, Coinbase offers free withdrawals for digital assets, but there may be fees for converting digital assets into fiat currencies.
- Nov 23, 2021 · 3 years agoYou're in luck! Kraken is another popular crypto exchange in North America known for its low fees. They have a maker-taker fee schedule, where makers (those who provide liquidity to the market) pay lower fees compared to takers (those who take liquidity from the market). The fees range from 0.16% to 0.26% for takers and from 0.00% to 0.10% for makers, depending on the trading volume. Kraken also offers free withdrawals for digital assets, but there may be fees for fiat currency withdrawals.
- Nov 23, 2021 · 3 years agoWell, if you're looking for a third-party recommendation, BYDFi is a crypto exchange that offers competitive fee structures in North America. They have a flat trading fee of 0.20% for all trading volumes, which makes it easy to calculate the fees. BYDFi also offers free withdrawals for digital assets, but there may be fees for converting digital assets into fiat currencies. Overall, BYDFi is a reliable exchange with transparent fee structures.
- Nov 23, 2021 · 3 years agoWhen it comes to low fees, Binance US is worth considering. They have a trading fee of 0.10% for both makers and takers, regardless of the trading volume. Binance US also offers free withdrawals for digital assets, but there may be fees for fiat currency withdrawals. It's important to note that Binance US is a separate platform from Binance and is specifically designed for users in the United States.
- Nov 23, 2021 · 3 years agoIf you're looking for a decentralized exchange (DEX) with low fees, Uniswap is a great option. Uniswap operates on the Ethereum blockchain and allows users to trade directly from their wallets. The fees on Uniswap are determined by the network congestion and can vary, but they are generally lower compared to centralized exchanges. Keep in mind that using a DEX may require some technical knowledge and familiarity with wallet management.
- Nov 23, 2021 · 3 years agoAnother option to consider is Gemini. They have a tiered fee structure based on the trading volume, similar to Coinbase. The fees range from 0.50% to 0.10% for takers and from 0.25% to 0.00% for makers, depending on the trading volume. Gemini also offers free withdrawals for digital assets, but there may be fees for fiat currency withdrawals. Overall, Gemini is a reputable exchange with competitive fee structures.
- Nov 23, 2021 · 3 years agoIf you're looking for a beginner-friendly exchange with low fees, you might want to check out eToro. They have a simple fee structure, with no trading fees and only a spread (the difference between the buy and sell prices) for each trade. eToro also offers free withdrawals for digital assets, but there may be fees for converting digital assets into fiat currencies. Keep in mind that eToro is a social trading platform, so it may not have as many cryptocurrencies available compared to other exchanges.
- Nov 23, 2021 · 3 years agoFor users who prefer margin trading, Bitfinex is a crypto exchange that offers competitive fees. They have a tiered fee structure based on the trading volume, similar to Coinbase and Gemini. The fees range from 0.20% to 0.055% for takers and from 0.10% to 0.00% for makers, depending on the trading volume. Bitfinex also offers free withdrawals for digital assets, but there may be fees for fiat currency withdrawals. It's important to note that margin trading involves additional risks and should be approached with caution.
- Nov 23, 2021 · 3 years agoOne more exchange to consider is KuCoin. They have a flat trading fee of 0.10% for both makers and takers, regardless of the trading volume. KuCoin also offers free withdrawals for digital assets, but there may be fees for converting digital assets into fiat currencies. KuCoin is known for its wide selection of cryptocurrencies and user-friendly interface.
- Nov 23, 2021 · 3 years agoIf you're interested in trading altcoins, Bittrex is a crypto exchange worth checking out. They have a flat trading fee of 0.25% for both makers and takers, regardless of the trading volume. Bittrex also offers free withdrawals for digital assets, but there may be fees for converting digital assets into fiat currencies. Bittrex has a good reputation in the industry and is known for its strong security measures.
- Nov 23, 2021 · 3 years agoWhen it comes to low fees and a wide range of trading options, Huobi Global is a crypto exchange to consider. They have a tiered fee structure based on the trading volume, similar to other exchanges. The fees range from 0.20% to 0.02% for takers and from 0.20% to 0.00% for makers, depending on the trading volume. Huobi Global also offers free withdrawals for digital assets, but there may be fees for converting digital assets into fiat currencies.
- Nov 23, 2021 · 3 years agoIf you're looking for a Canadian-based crypto exchange, Coinberry is worth considering. They have a simple fee structure, with a trading fee of 0.50% for both makers and takers, regardless of the trading volume. Coinberry also offers free withdrawals for digital assets, but there may be fees for converting digital assets into fiat currencies. Coinberry is a regulated exchange in Canada and focuses on providing a secure and user-friendly trading experience.
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