All exchanges will be ordered by Spot trading fees for an entry level account, additional information (like deposit fees or leverage fees) will not influence the ranking.
Top 7 Crypto Exchanges with Lowest Spot Trading Fees
picked by GeekRiches
| Exchange | Maker Fee Rate | Taker Fee Rate |
Net Fee |
| #1 OKX | 0.08% | 0.10% | 0.18% |
| #2 Binance (VIP 0) | 0.10% | 0.10% | 0.20% |
| #3 Bybit (Non-VIP) | 0.10% | 0.10% | 0.20% |
| #4 Huobi | 0.20% | 0.20% | 0.40% |
| #5 Kraken | 0.16% | 0.26% | 0.42% |
| #6 Gemini | 0.25% | 0.35% | 0.60% |
| #7 Coinbase | 0.50% | 0.50% | 1.00% |
#1 OKX
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OKX, formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange that provides a platform for trading various instruments such as spot and derivative. Some of the exchange's core features include spot and derivative trading. It was founded by Star Xu in 2017.
OKX is a privately held company with headquarters based in Valletta, Malta. source: wikipedia
OKX now operates in over 100 countries worldwide. The exchange offers advanced charting, multiple order types, margin and futures trading, and competitive trading fees.
Can you use OKX in the USA ?
U.S. residents cannot trade on OKX, but can purchase and trade crypto through its sister company, OKCoin.
Click here to visit the website.
#2 Binance
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Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. source: wikipedia
Binance has a secure asset fund for its users to help protect their money. Also called SAFU for short, this fund keeps a portion of every fee taken by Binance in case a financial loss happens. The SAFU was established in 2018 and it will allow users to get refunded if any money gets lost because of Binance. Source: stilt
Can you use Binance in the USA ?
U.S. residents cannot trade on Binance.
Click here to visit the website.
#3 Bybit
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Established in March 2018, Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than 1.6 million registered users. Bybit is an entirely anonymous exchange. Therefore, a KYC procedure is not mandatory in the Bybit trading platform, except if you are planning in participating in Bybit Earn projects such as Launchpad and Launchpool. KYC verification is also necessary to attain higher BTC withdrawal thresholds of up to 100 BTC per day.
Bybit's interface is user-friendly and intuitive. The exchange offers leverage of up to 100x with Bitcoin and 50x with other coins, HD cold wallet system, which guarantees the safety of clients’ funds and no server downtime, 99.99% system functionality.
Can you use Bybit in the USA ?
Under normal circumstances, citizens of the US can't use Bybit.
Click here to visit the website.
#4 Huobi
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Huobi is a Seychelles-based cryptocurrency exchange. Founded by Leon Li and Du Jun back in 2013, in China, the company now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company.
Can you use Huobi in the USA ?
U.S. residents cannot trade on Huobi.
Click here to visit the website.
#5 Kraken
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Kraken is a United States–based cryptocurrency exchange and bank, founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and is reportedly valued at $11 billion USD, as of mid-summer 2022.
Can you use Kraken in the USA ?
U.S. residents can trade on Kraken.
Click here to visit the website.
#6 Gemini
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Gemini Trust Company, LLC is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets. It was founded in 2014 by Cameron and Tyler Winklevoss. Currently, it operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore. source: wikipedia
Can you use Gemini in the USA ?
U.S. residents can trade on Gemini.
Click here to visit the website.
#7 Coinbase
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Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters. source: wikipedia
Can you use Coinbase in the USA ?
U.S. residents can trade on Coinbase.
Click here to visit the website.
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