Lowest Fee Crypto Exchange in 2024
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Binance.US is one of the lowest fee crypto exchanges for US traders, with a standard 0.10% rate for buying and selling crypto. Holding BNB tokens or trading more often can lead to extra savings.
Crypto exchange fees vary widely, so it's essential to understand the costs of trading, deposits, and withdrawals. Options like Kraken and Coinbase Pro also offer competitive fees for higher-volume traders.
Why trust our crypto tax experts
Choosing a low-fee exchange can make a big difference, especially if you trade frequently. This guide breaks down the costs at major US exchanges, highlighting those that give you the best value on trades, deposits, and withdrawals. Binance.US offers low, flat trading fees, making it a popular pick for budget-minded traders.
Which crypto exchange has the lowest fee?
Among US-accessible exchanges, Binance.US stands out with a flat 0.10% fee for buying and selling crypto. This rate applies to both market and limit orders, making it straightforward. Extra discounts are available for traders who hold BNB, the Binance token, or who hit high trading volumes.
Other options with competitive fees include Kraken and Coinbase Pro, especially for those who trade in more significant amounts.
See our expert picks of the best crypto exchanges.
Fees by Crypto Exchange
Let’s look at the lowest fees crypto exchanges available today. These rates are subject to change, but this should serve as a helpful guide to point you to the exchanges available to US crypto users looking for low fees. Note: Fees are subject to change. Always verify with the exchange directly.
| Exchange | Maker Fee | Taker Fee | Deposit Fee | Withdrawal Fee | Exchange Token Discount | Volume Trading Discount |
|---|---|---|---|---|---|---|
| Binance.US | 0.10% | 0.10% | Free (ACH) | Varies by asset | 25% off with BNB | Yes, up to 0.02% |
| Kraken | 0.16% | 0.26% | Free (ACH) | Varies by asset | None | Yes, up to 0%/0.10% |
| Coinbase Pro | 0.40% | 0.60% | Free (ACH) | Free (ACH) | None | Yes, up to 0.05% |
| Gemini | 0.25% | 0.35% | Free (ACH) | Varies by asset | None | Yes, up to 0.10% |
| Bitstamp | 0.50% | 0.50% | Free (ACH) | Varies by asset | None | Yes, up to 0.25% |
| eToro | 0.75% | None | Free | $5 per withdrawal | None | None |
| Robinhood | 0% | 0% | Free | Free | None | None |
What fees do crypto exchanges charge?
Crypto exchanges have different fees for each type of transaction. Here’s a breakdown of the main fees US traders will encounter.
Trading Fees
Trading fees, or the cost of buying and selling, are typically based on two types of orders:
Maker Fees: When you place an order that doesn’t fill immediately, like a limit order, you “make” liquidity in the market. These fees are often lower.
Taker Fees: When you place an order that fills immediately, like a market order, you “take” liquidity. These fees are usually a bit higher.
For example, Binance.US keeps things simple with a flat 0.10% fee, regardless of whether you’re making or taking a trade. This setup is beneficial for both new and active traders.
Why trading fees matter
Trading fees can affect your profits, especially if you trade a lot. Finding an exchange with lower rates can help keep more of your gains. Binance.US and Kraken both offer low fees with potential discounts for high-volume traders.
Deposit and withdrawal fees
Deposit and withdrawal costs vary across exchanges, so it’s wise to check each policy before funding an account or moving your crypto.
Deposits: Many exchanges, like Binance.US and Coinbase, offer free ACH deposits, but other methods, like wire transfers, may have fees.
Withdrawals: Withdrawal fees are usually based on the currency and network conditions. While most exchanges only pass on network costs, some may add small fees.
On Kraken, for example, withdrawal fees depend on the specific crypto and current network demand, which keeps costs in line with market conditions.
Interest, borrowing, and liquidation fees
Some platforms, like Kraken, allow margin trading where you can borrow funds to increase your buying power. These platforms usually charge interest on borrowed amounts, and if your position drops too much, they may charge a liquidation fee.
Tips for lowering crypto exchange fees
To keep fees down beyond seeking the lowest crypto exchange fees, consider these strategies:
Use exchange tokens: Some exchanges reduce fees if you hold their native token, like BNB for Binance.US.
Increase trading volume: Many exchanges offer tiered fees, meaning the more you trade, the less you pay per transaction.
Place maker orders: Using limit orders can often save you on fees compared to market orders.
These discounts can help you avoid extra costs and maximize your trades.
Taxes and low-fee crypto exchanges
Even with low-fee exchanges, you’ll need to factor in taxes. Crypto profits are usually subject to capital gains tax, and other crypto activities like staking can also be taxable. Using a crypto tax service can make tracking everything simpler, especially if you’re trading on multiple exchanges.
See the current tax rates for cryptocurrency.
Crypto exchange with lowest fees FAQs
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Which crypto exchange has the lowest fees?
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