FxBrokerReviews.org – When costs are considered, trading cryptocurrencies over time can become pricey. There are less expensive alternatives to trading cryptocurrencies, such as using a zero-charge trading exchange. These platforms enable anyone to purchase, trade, and sell Bitcoin and other cryptocurrencies without paying any fees, lowering the cost of trading. Forexbrokerreviews.org will evaluate and contrast cryptocurrency exchanges that charge no trading fees so you can decide which business is the best for you.
How To Trade Crypto Without Fees
Follow these easy steps to trade cryptocurrencies without paying any fees or commissions:
- Open a new account with any preferred platform which provides fee-free cryptocurrency trading.
- Find the cryptocurrency you wish to buy, trade, or sell using the search engine
- Enter the cryptocurrency purchase or sale amount of another coin.
- Select “Buy” or “Sell” to finish the trade without paying any costs.
Trade Crypto Exchanges Without Fees: Reviews
1. Binance: Overall Best Trading Platform With Zero Fees
As of this writing, Binance is the most significant and busiest cryptocurrency exchange on the planet. Binance is the most popular place for novice and seasoned traders to buy cryptocurrency with fiat or other altcoins because it is the largest exchange in volume and availability across its spot and futures markets. Over 1,664 trading pairs for 391 supported coins are available on Binance.
One hundred ninety-eight trading pairs make up the derivatives market, which at the time of writing had a remarkable 40 billion in trading volume—nearly twice as much as its closest rival. Binance has always been one of the least expensive cryptocurrency exchanges, thanks to its low fees of 0.1% per deal and high liquidity.
Additionally, by clicking this link, opening an account with a Binance referral code, and following the steps, new customers can get $50 in bonuses FREE.
On July 8, 2022, the global Binance platform reduced its trading fees when its sister exchange Binance.US in the USA started offering zero-fee cryptocurrency trading. 13 stablecoin and fiat pairings no longer charge trading commissions. Until further notice, no-fee trading will be available, which also happened to fall on Binance’s 5th birthday.
The complete list of cryptocurrency pairs available on Binance for free purchases and sales includes BTC/USDT, BTC/BUSD, TUSD, USDC, USDP, BTC/RUB, EUR, TRY, AUD, GDP, BTC/BRL, BIDR, and BTC/UAH.
Other spot trading pairs might be added to the cryptocurrency promotion for no-fee trading. Still, CZ, the owner of Binance, hinted on Twitter that the elimination of trading costs might be permanent. Ultimately, Binance is the most refined platform for fee-free crypto trading. Even better, you can choose to get a 20% price cut on trading costs for additional pairs.
2. Bybit: Best For Zero Fees On All Spot Trading Pairs
Bybit is a reputable and hugely well-liked derivatives trading platform for leveraged cryptocurrency trading. On its spot market, the top-rated margin exchange has created a secure and stable environment for buying and selling cryptocurrencies with fiat and other digital content. Bybit’s spot exchange is a terrific choice for current users and is among the top 20 spot exchanges in the globe.
Bybit is the newest cryptocurrency platform to offer no-charge trading on its spot market from September 2022 till further notice in honour of reaching over 10 million users worldwide. The exchange offers users the benefit of using call and limit orders for any quantity without incurring costs. Bybit has increased the zero fees throughout its 300+ coins across 479 trading pairings at the time of writing, in contrast to Binance, which only offers stablecoins and fiat currency pairs.
Although its options and futures markets are excluded from the no-fee campaign, customers may still take advantage of it by using its social network, copy-trading platform, and grid trading bot without paying any costs. In other words, Bybit users can replicate and follow the top-day investors and traders on the forum without having to pay any fees. As a result, Bybit is among the most significant locations to purchase and sell cryptocurrency without paying any fees.
3. Phemex: Trustable Crypto Trading Exchange With Zero Fees
A group of eight former Morgan Stanley executives created Phemex, a cryptocurrency trading exchange and investment platform, in 2019. The team is dedicated to building a reliable digital platform and dominating the crypto financial services sector. Phemex has amassed over 2 million users since its founding in nations like the United States, Canada, and the UK. Phemex, one of the most well-known cryptocurrency exchanges in the world, had a 24-hour trading volume of 6.6 billion at the time of publishing.
Phemex offers a comprehensive range of features, goods, and services so that its clients can make the most of their cryptocurrency holdings. Spot, derivatives, and a testnet for cryptocurrency trial trading are all available markets for severe traders to trade on one integrated website and app. Phemex offers the ability to buy, trade, and sell over 248 different cryptocurrency coins.
The zero-fee spot exchange offered by Phemex is among the main factors behind its popularity growth. Users can trade between Bitcoin, Ethereum, stablecoins, and hundreds of other pairs without paying fees. The commission cost is paid initially when a trader places an order on the spot market, but it is later returned to their wallet. The trader will so incur no costs.
The maximum number of no-fee trades that can be executed on each account is based on the VIP level of the client.
For instance, Phemex Level 1 offers no fees for cryptocurrency trading up to $500 per month when done through the website or mobile app. The most elite VIP users can take advantage of cryptocurrency trading with no fees of up to $10 million each month. Since there are no costs, professional traders can utilise the site to trade up to $10 million every month. Because there are no fees associated with trading cryptocurrencies, Phemex is a great day trading platform for serious investors.
Additionally, Phemex offers its consumers additional privileges and rewards with each level of VIP membership. These consist of rebates on spot and contract trading fees, bonuses for trading, cashback, and benefits for lending cryptocurrency on the Phemex Earn platform. Phemex is the most significant cryptocurrency exchange with no fees for new and seasoned traders.
4. Kucoin: Best Exchange To Swap Crypto With No Fees
A well-known cryptocurrency exchange called Kucoin was created to serve users worldwide by giving them a simple way to trade digital assets and cryptocurrencies. With its robust platform and listing of more than 700 coins, KuCoin, founded in late 2017, is one of the most used cryptocurrency trading apps. One of the reasons Kucoin is regarded as the top altcoin exchange on the market is the enormous amount of excellent projects featured.
Due to the trading exchange’s popularity, KuCoin has since developed to give users access to an NFT launch platform, a powerful staking platform, the ability to buy cryptocurrencies, and the capacity to trade derivatives. Additionally, it is possible to purchase cryptocurrency through a third party using more than 50 different fiat currencies, including USD, GBP, EUR, and AUD.
An “Instant Exchange” has been introduced by the well-known trading platform to give users access to the best cryptocurrency exchange rate on the market. The exchange of Bitcoin, Ethereum, Litecoin, and XRP is possible for users with no trading costs or charges. Without additional fees, KuCoin Convert supports 26 cryptocurrencies that may be quickly converted into Tether (USDT) and the other way around.
The advantage of utilising KuCoin convert is that it is beginner-friendly without the need to trade cryptocurrency on an exchange and has no costs. Users can exchange coins via a straightforward order form, receiving the new cryptocurrency in their “Main” or “Trading” wallets.
5. Crypto.Com: Best For Trading Stablecoins With Zero Fees
A digital asset marketplace called Crypto.com provides several bitcoin goods and services. With more than 10 million members on its platform, the exchange has experienced tremendous development in recent years. It is a well-known cryptocurrency exchange worldwide, especially in the US.
To hasten the adoption of blockchain technology and enhance the cryptocurrency user experience, Crypto.com is constantly developing new crypto services and products for its users. To make the user experience more straightforward, there are three different applications. The Crypto.com App, Crypto.com Exchange, and Crypto.com DeFi Wallet are a few of these. The app provides a vital substitute for conventional financial services, making it simple to purchase, trade, sell, earn interest on cryptocurrency, and even spend cryptocurrency.
A crypto wallet and a fiat wallet are both included in the Crypto.com App. You can buy or sell cryptocurrencies using funds stored in each wallet or third-party credit/debit card services, along with one of the top fiat-to-crypto platforms to buy cryptocurrency at actual cost.
6. Digitex
Users of the peer-to-peer, zero-fee Digitex Futures Exchange (DFE) can trade Bitcoin perpetual swap futures contracts with leverage of up to 100x. The trading platform was created using the blockchain technology of Ethereum to offer a cutting-edge cryptocurrency futures market with no trading fees.
To be eligible for zero-commission trading, users must have a balance of their native coin, the DGTX token. The demand for the DGTX token rises with each user’s trade.
Due to the platform’s ability to generate revenue by selling DGTX tokens, there are no commission fees. As a result, you can trade cryptocurrencies frequently without being concerned that taker fees and exchange commissions will reduce your gains.
Ultimately, Digitex is a fantastic alternative for fee-free crypto trading, but we would like to see upgrades to the archaic user interface that lacks advanced trade order kinds. This is crucial to trading because it’s here that you’ll spend most of your time looking at charts.
7. Amplify
Amplify Exchange was established in 2019 to address problems in the cryptocurrency space that prevent wider adoption and frequently cause traders to lose patience. Except for the US and Canada, the cryptocurrency exchange allows users to purchase and trade Bitcoin for free. This indicates that there are no additional costs above the cryptocurrency’s spot price.
Additionally, there are no requirements for zero-trading fee eligibility, such as financial standing, level of trading experience, or investment amount, making it appropriate for everyone. There are over 14 crypto pairs on Amplify Exchange, including:
- Bitcoin
- Ethereum
- Litecoin
- Ripple
- Bitcoin Cash
- Stellar Lumens
- Dash
- Cardano
- NEO
- Ethereum Classic
- Basic Attention Token
- ZRX
- EOS
- Amplify Loyalty Token (AMPX)
Without any fees or commissions, any crypto pair can be traded against BTC, ETH, and the platform’s native asset, the AMPX token. You might find the interface a little surprising when you first log in. It differs from other margin cryptocurrency exchanges. However, it is beginner-friendly and pretty basic.
8. Shapeshift: Best For Swapping Crypto With No Fees
Erik Voorhees founded Shapeshift in 2014, a digital marketplace offering crypto services to people worldwide. The online exchange provides a quick, secure, and seamless way to switch between different types of assets.
In minutes, you may easily and quickly trade Bitcoin for another altcoin and vice versa. To take on rival cryptocurrency exchanges, the team behind Shapeshift just unveiled a brand-new platform for fee-free Bitcoin purchases.
Users must possess their original FOX tokens to be eligible for commission-free trading, zero spread, and zero trading fees on Shapeshift. Shapeshift gives you 100 free FOX tokens when you sign up for an account.
You can use the new Shapeshift platform to:
- Create a new wallet or connect an existing KeepKey, Trezor, or Portis wallet
- View the performance of your portfolio using a robust dashboard
- Trade cryptocurrency instantaneously and for no cost with more than a thousand asset pairs by holding FOX tokens
- Send, receive, and HODL your digital content on a hardware wallet.
- Purchase cryptocurrency with your bank account.
Conclusion
For day traders and scalpers looking to profit from the erratic market and seize on minute price swings throughout the day, cryptocurrency exchanges are ideal. The emergence of businesses with no fees will boost competition and pressure other cryptocurrency exchanges to lower their costs.
