Crypto trading is becoming more and more common among traders, whether they are new or experienced. Crypto trading is super beneficial for traders who want to expand their portfolios from mainstream financial assets like bonds, stocks, etc. If you are looking for authentic crypto trading, people can visit bitcoinprime.
Moreover, as these assets are highly unpredictable, it causes their prices to fluctuate within no time. Traders can quickly gain huge profits by purchasing at lower prices and selling at higher prices. But here pops up a question, how can traders maximize their profits even more? Its reply is pretty simple. The traders can use a trading platform that has low fees and commissions.
Crypto trading can be done in two ways: either to exchange a digital asset for another one, or you can keep it and make profits out of it. Furthermore, crypto traders have a choice of trading raw crypto assets or derivatives, or products.
Crypto derivatives are the type of cryptocurrencies that are extracted from cryptocurrencies. The majority of the crypto exchange platforms work on blockchain technology that permits most of the decentralized storage.
In addition, blockchain technology is more secure due to cryptographic puzzles and encrypting methods.
Some of the Cheapest Exchange Platforms in the Crypto World
Below are some of the cheapest crypto exchange platforms that charge minor trading charges.
Bybit is a crypto exchange platform that offers you the least rates for trading. This platform’s profitable fee structure grabs everyone’s attention and is super friendly to traders. This platform offers a massive variety of tiers. The higher the tier, the fewer charges you will have to pay in trading fees. For instance, taker charges can be as low as 0.03% for derivatives or products and 0.02% for spot trading.
This exchange platform also brings maker offers to boost market-making activities and offer better market depth as an output.
Binance US is an exchange platform with a wide range of cryptocurrencies and is accessible in 180 countries. It is not only a massive platform for cryptocurrencies but also one of the cheapest ones. This platform charges ten times slower trading fees than many other crypto exchange platforms.
Additionally, for bitcoin pairs like BTC/UCD, BTC/USDT, BTC/USDC, and BTC/BUSD the charges are 0%. If you are using Binance for trading purposes, you will highly benefit from the following:
- It offers 0% fees when using Convert, which is crypto-to-crypto and crypto-to-USD.
- It offers 0% fees when using OTC, an Over-The-Counter Portal.
- It offers 0.5% fees on buy and sell orders placed through Buy Crypto Page.
Moreover, you can also get a considerable discount when using Binance Coin (BNB), the platform’s native token.
Kraken trading charges are comparatively shallow as compared to other exchanges. Its fees range from 0% to o.26% per trade. Moreover, the platform’s maker-taker fees are amongst the lowest in the whole crypto space.
Kraken also offers its users a Pro account with a tiered structure allowing huge-volume traders to save their money on trading fees.
For the majority of the users, OKEx charges only 0.10% or less per every trade. On the other hand, the platform charges 0.08% for makers. These are some of the lowest charges currently in the crypto market.
Furthermore, having higher trading volumes or more enormous stakes in OKX’s native token (OKB) can reduce trading fees on the platform.
In the crypto market, most of the exchanges charge different charges for makers and takers, while currency.com charges the same flat charge of 0.20% to everyone which is below the global industry average of 0.25%.
In addition to all this, currency.com brings you another amazing feature, which is you can easily get started with as small an amount as $5 which fascinates traders of all levels to make an account with this exchange.