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As a crypto trader, whether you are trading a digital currency or simply holding, the main aim is to maximize profit.

To achieve this, traders need platforms, tools, and strategies: spending low on transaction fees can be one of these strategies.

In this post, we’ll look at the top-rated crypto exchanges with the additional benefit of charging low transaction fees.

Before we deep dive into the core of the write-up, let us take a quick look at the key points highlighted in this post.

Post Summary

1. Brief Overview of Cryptocurrency Exchanges
2. Top 9 Crypto Exchanges with the Lowest Transaction Fees
3. … But Which Of These Low Fee Exchanges Is The Best?
4. Conclusion

Now to the core part…

1. Brief Overview of Cryptocurrency Exchanges

Cryptocurrency exchanges are platforms that allow customers to trade cryptos and other digital currencies for other assets, such as fiat money or other digital currencies.

In simple terms, crypto exchanges serve as the middlemen between crypto buyers and sellers.

They are of 2 major types: Centralized and Decentralized exchanges.

For Centralized exchanges, it can either be a Broker Exchange, a Trading Platform, or a P2P Platform.

Some are a combination of either two or all of them.

As of the time of writing this article (August 2022), over 290 cryptocurrency exchanges are listed on coinmarketcap.

These exchanges are located in various areas of the globe and provide support for various countries.

For a list of exchanges that serve Nigerians, check out this post.

Moving on, let’s look at the ones with the lowest transaction fees.

2. Top 9 Crypto Exchanges with the Lowest Transaction Fees

Exchange platforms on this list, in addition to charging low fees, are also some of the most popular and credible exchanges available in the crypto space.

**Note that the information in this table is valid as of August 2022.

You can check out our full reviews on the different exchanges listed below for extensive information on each exchange using the links provided.

1. Binance

Founded in 2017 by software developer Changpeng Zhao, Binance is a centralized crypto exchange. 

It supports over 600 cryptocurrencies and tokens including popular ones like Bitcoin, Ethereum, Litecoin, and its own coin – BNB.

Users in over 180 countries including Nigeria can trade on Binance, but only 43 states can use Binance.US.

It is accessible in many regions including Europe, Australia, and Africa.

Users can buy and sell crypto using diverse payment methods including banks, crypto, credit cards, and P2P.

2. Pionex

Pionex is a Singapore-based crypto exchange launched in 2019 with Daniel Seng-Cheng YEO as CEO.

It provides users with about 18 free built-in crypto trading bots.

The following currencies are supported: BTC, ETH, LTC, SOL, DOT, TRX & 120+ more.

Fiat currencies: USD, TWD, EUR, GBP, CAD, AUD, CZK, IDR, MYR, KRW & 13 more.

Deposit Methods: Credit card, Apple Pay, Cryptocurrency.

Supported countries: Pionex is accessible everywhere in the world, but there might be several restrictions (at least for spot trading).

The Pionex robotic suites include the Smart Trade Bot, Grid Trading Bot, Trailing Sell Bot, Spot Futures Arbitrage Bot, Martingale Bot, Dollar-Cost Averaging (DCA) Bot, etc.

3. Bybit

Bybit was founded in 2018 with headquarters in Singapore and is registered in the British Virgin Islands.

The following cryptocurrencies are listed on Bybit: BTC, ETH, USDT, EOS, XRP, and more, with support for over 20 fiat currencies.

Supports the following trading pairs: BTC/USD, ETH/USD, XRP/USD, EOS/USD, and BTC/USDT.

Bybit is accessible from the following countries: North America, Europe, Russia, Japan, South Korea, South East Asia, and Nigeria.

Bybit Payment or Deposit methods: Visa, Mastercard, Electronic Fund Transfer or Wire Transfer, and P2P.

4. Kucoin

KuCoin is a very popular crypto exchange that was originally launched in Hong Kong in 2017, with Johny Lyu as the current CEO.

It supports the trading of more than 600+ cryptocurrencies and the following fiat currencies: USD, EUR, GBP, RUB, CNY, AUD, and 40+ more.

It is accessible in many countries all over the world including Nigeria, but with restrictions in The United States of America and China.

They also support various trading ways, including spot trading, margin trading, P2P, and futures trading.

KuCoin supports the following payment methods, including SEPA, Skrill, PayPal, Apple Pay, Debit card, Credit card, and Cryptocurrency.

5. PrimeXBT

PrimeXBT is an amazing trading platform launched in 2019 for margin traders that want to trade cryptocurrency, forex, commodities, and stock indices.

Its trading services has since grown into a global brand with clients in over 150 countries, including Nigeria.

It uses Bitcoin, Ethereum, or a USD stable coin as the base currency for transactions.

The following crypto pairs are supported on PrimeXBT: LTC/USD, BTC/USD, ETH/USD, EOS/USD, and XRP/USD.

It also allows converting – this means you can select from the best performing traders and copy their trading activity automatically (using the covesting tool). 

6. Crypto.com

Crypto.com exchange, launched in 2019, is a cryptocurrency exchange platform with headquarters n Hong Kong.

It currently offers trading in 250+ different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT), and Crypto.com token (CRO).

It supports 20+ fiat currencies and is available in 90 countries.

Users can buy over 250 cryptocurrencies with fiat through the Crypto.com Visa card and bank account.

The card allows users to access, manage, and spend crypto at any time with Visa ATMs and stores globally.

7. Bitstamp

Bitstamp is a cryptocurrency exchange founded in 2011 and is based in Luxembourg.

It currently supports over 50 crypto assets for trading, sending, receiving, and holding.

Some of these currencies include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), USD Coin (USDC), Polygon (MATIC), Litecoin (LTC), etc.

Bitstamp is supported in many countries including the U.S., UK, Switzerland, Norway, Monaco, Turkey, Iceland, Greenland, etc.

The highest trading fee on Bitstamp is just 0.50%, for those with under $10,000 in a 30-day trading volume.

8. Bittrex

Bittrex is a global cryptocurrency exchange that offers over 440 cryptocurrencies that you can buy or sell.

It is based in Seattle, Washington, and was started in 2014.

The team behind it has over 50 years of experience in high-tech companies such as Microsoft, Amazon, Blackberry, Qualys, etc.

This makes it better suited to more experienced crypto traders and investors.

Bittrex is available in 46 U.S. states, excluding Connecticut, Hawaii, New York, and Vermont.

9. Kraken

Kraken is a US-based crypto exchange platform that was established in 2011 with Jesse Powell as current CEO.

It is available in about 48 US states and 176 countries, including Nigeria.

This cryptocurrency exchange supports and lists 40 cryptocurrencies including the most popular BTC.

Kraken is one of the top 10 largest crypto exchanges by daily market trading volumes.

Users can pay for trades in MasterCard, Wire Transfer, and Bank cards among the other options.

At this point, I have exhausted the items on my list and we’ll want to take a break for today.

But which of these is the best for you?

Join me in the next section as we discuss that.

… But Which Of These Low Fee Exchanges Is The Best?

Of a truth, all the exchanges I listed are all legit and have been existing in the crypto space for a while now.

But then, people have their preferences, right?

Some persons prefer one exchange over the other because of stuff like:

• the ease of use of the platform
• supported coins
• supported countries
• services provided
• payment options available
• Etc.

For example:

Nigerian traders, due to government regulations, cannot transact with their traditional bank cards.

They will opt for exchanges with P2P capabilities such as Binance, Kucoin, Bybit, etc.

Whereas a trader in another country will prefer paying with a bank card because of the ease of that option.

Again, one seeking to trade indices and commodities will go for PrimeXBT as its best bet from the list as it offers this particular service.

And if the trader in question is one who holds exchange tokens, he will opt for exchanges that have their own tokens like Binance, Bybit, Kucoin, etc. in order to pay lower fees.

So, in all, the best exchange greatly depends on the traders’ choice!

This brings us to the end of this post.

Let’s have a quick summary in the next section.

Hey!

If you want to learn how to trade cryptocurrencies profitably enroll in our Crypto Trading Mastery Course by going to www.ctmastery.com.
Also, join our Telegram community at https://t.me/ctmastery.

5. Conclusion

In the post, I gave you a list of top-rated cryptocurrency exchanges with the lowest transaction fees.

Investors are always looking for new ways to maximize their profit on any investment and saving money on transaction fees is one of those ways.

I hope this post will be helpful to you when choosing an exchange platform with the intention of saving money on transaction fees to maximize your earnings.

Now tell me: Have you used any of these platforms? What has been your experience with regards to the fees?

Do you know any other exchange that should make my list?

Let me know in the comment section below.

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As always, invest wisely, and thanks for reading!

Related Read:

• Bitcoin Exchanges Compared: P2P VS Traditional Exchanges
• Decentralized Exchanges (DEX) In Plain English – The Basics, Pros & Cons!