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 $20 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 trusted exchanges with the lowest fees for 2019. I have traded on all of these (except specific international exchanges) and I know they are solid platforms.
Lowest Fees / Trusted Exchanges
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.
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. Are you in Europe?
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!
Bittrex - Bittrex has always been a staple of US based crypto exchanges in my opinion, but they are new to my list because they finally started offering USD pairs on their platform so you can trade against the US Dollar. This is huge as there are very few places you can trade and then cash out to your bank account. Their fees are a flat 0.25% across the board.
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 charge 0.20% per trade! They are also one of the few places you can cash out to fiat similar to Coinbase. That combined with a solid user interface & being one of the longest running exchanges make it a winner in my book. They DO accept US customers too!
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.
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
Canada - The go to exchange for everyone in Canada should be Coinsquare after the horrible issues that Quadrigacx has put customers through .
Know another quality exchange that might fit this list? Let me know as I am always looking for great international options and it is harder for me to find and test them being from the US.
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 is one I think is going to make a whale-like splash in 2019.
Voyager - With an amazing team from leading organizations like E*TRADE, Uber, TradeIt, Lightspeed Financial and more, Voyager could be a major player by the end of the year. This exchange is one of the first to also be publicly traded on a stock exchange to give traditional investors exposure and trades on Voyager are commission free! Sign up before they launch to get $25 in free BTC by clicking here.
Beaxy - The team from Beaxy seem to be everywhere I go! I had a chance to meet the team at a crypto conference and what they are building is solid and intuitive. Get a first look at their advanced trading platform that is launching in 2019 by clicking here.
If you are looking for more great cryptocurrency resources, check out my dedicated Crypto Resources page where I list out all the tools & websites that I use daily. I couldn't live without most of these resources and I keep it updated regularly so you have the BEST tools to help you achieve financial freedom!
Hope that was a helpful guide! Leave me a comment or send me an email if you have some other suggestions or ones I might have missed, but until next time...