No one likes paying fees right? It was one of the most appealing reasons to get into cryptocurrency personally and I think it is a driving factor for a lot of people. I was looking at some of my bank fees the other day and I can't believe that they charge me $15 a month just to hold my money!!! Is that crazy to anyone else? They are holding my funds, making money off of the investment, and giving almost nothing back in interest. Regardless of who you bank with, you will run into some fees. The same can be said about crypto, but the fees are generally lower. I put together my top 5 exchanges with the lowest fees for 2018. I have traded on all of these (except specific international exchanges) and I know they are solid platforms.
Lowest Fees / Trusted Exchanges
CoinbasePro - While Coinbase Pro only focuses on the big 3 (Bitcoin, Ethereum, Litecoin), the fees are a standard 0.25% taker & 0% maker type structure. The advantage that I give to Coinbase Pro is that it is connected to Coinbase which gives you some great ease of use in transfer of funds to an exchange account with no fee at all and if you go with a maker order you are sitting pretty!
BitMex- Rising to the top of my list VERY quickly is Bitmex. They have a very low fee of just 0.25% for makers, but the real reason this has become the hottest exchange out there is because of their 100x leverage for Bitcoin trading. If you don't know what margin trading is or why it can be profitable see my article about margin trading & leverage here.
Binance - This is a hot place for trading altcoins and their trading fees are LOW! Just 0.1% fee for trades and it can be even lower if you use their Binance coin that is built into the platform. This is my NUMBER ONE place to trade right now.
Square Cash App - When a major player like Square steps up people take notice. They finally added the ability for everyone to buy & sell Bitcoin directly from their app with ZERO (0%) trading fees! This vaults them near the top of my list for buying Bitcoin specifically.
CEX.io - The UK based CEX.io makes the list because while most of the exchanges have a standard fee of 0.25%, they only charges 0.20% per trade! That combined with a solid user interface & being one of the longest running exchanges make it a winner in my book. They are also one of the few places you can cash out to fiat similar to Coinbase. They DO accept US customers too!
Ones To Watch
New exchanges and ways to buy crypto come out all the time and I like to keep my eyes and ears open for whats going to be HOT. Here are two that I know are going to make big waves soon. Y
Robinhood Crypto - These guys are already a very well established stock trading app and now they are offering DIRECT cryptocurrency purchases via USD for a decent amount of coins (more than Coinbase). This may in fact be the "Coinbase killer" as the app is super easy to use and they will have ZERO trading fees!
Kucoin - While this new exchange has been open for a while, they really started to pickup traction the beginning of this year. They have a HUGE selection of alt coins to trade and they have low fees of just 0.1% on trades with no deposit fees either!
I have a good amount of followers over in the Europe, Canada, & Australia so I wanted to include a few exchanges that are specific for these locations and may be better than some of the US based ones listed above.
Europe - If you are based in the Europe then you might want to check out popular Bitpanda for buying and selling.
Canada - The go to exchange for everyone in Canada is Quadrigacx. Quadrigacx DOES NOT allow US customers.