Gone are the days when cryptocurrency trading was suitable only for the geeks – thanks to easy to use crypto trading platforms everyone can become involved in the crypto industry.
That said, there is more to trading than just selling and buying the cryptos. You’ll have to seek out the best platform to buy or sell your cryptos at the best cryptocurrency exchange rate.
In the stock world, crypto market capitalisation refers to the total dollar market value of outstanding shares of a company. It’s calculated by the total number of shares multiplied by the dollar value of each individual share.
Today, there are many platforms where you can exchange crypto. This makes finding one with the best rates quite difficult. In this piece, we list some of the best platforms that charge the lowest trading fees.
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Paxful
Paxful is a P2P (peer-to-peer) exchange platform that allows you to exchange your bitcoins seamlessly. It is one of the best places to start if you’re looking to sell/buy your cryptos at the best rates, especially for newbies.
The fees are considerably low. There is even a possibility of paying as low as 0% fees. Crypto sellers are expected to pay a service fee of only 1%. What’s more, all withdrawals attract a fixed charge of 0.0005 BTC.
Paxful is also favored for its safety and security of your trading funds.
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Bitfinex
Are you an advanced trader looking for a cheaper place to trade your cryptos? Bitfinex is the ideal trading platform, especially for Bitcoin or altcoins fanatics. Bitfinex also provides advanced order types that help traders customize their trading techniques and maximize profit.
On order execution, the Bitfinex exchange charges you between 0% and 0.2% fee. The fee will depend on your monthly trade volumes and whether you’re executing the order as a market maker or taker.
Bitfinex also offers up to 25% rebates on your trading fees. This is only applicable to those using the USD LEO, which is Bitfinex’s own token.
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Godex.io
Godex.io was launched in 2017 and is registered in Italy. This platform operates around the world including across Europe and the US.
Godex is a platform that allows for a fast and secure exchange of your cryptocurrencies. Godex makes the list due to their low crypto exchange rates and the absence of maximum limits as well as their speed of processing transactions.
Godex exchange rates are unique. Godex tracks the rates offered by other crypto exchange service providers such as Bitfinex and Binance to assess the best of the lot, then offer you this rate.
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Tidex
Launched in 2017, Tidex is an up and coming crypto coin service provider with some exciting features. Top among them is the low fees on trading provided to clients. Note that Tidex is a crypto-to-crypto platform; hence, you’ll need to own some cryptos before you’re allowed to trade.
Once you’re beyond that little obstacle, Tidex supports trading with over 70 crypto coins. Market makers and takers are charged a low flat rate of 0.1% on all trades.
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CEX.io
A great entry into the list of where to exchange cryptos at the lowest rates is Cex.io. This cryptocurrency service provider was formed in 2013. If you’re a regular trader, this London-based exchange makes for a great option.
Your payable fees on Cex.io are calculated based on your monthly trade volume. The standard charge is 0.25% payable by market takers and 0.16% payable by makers. However, based on your trade volume for the past month, you could pay as low as 0.10% or 0%, respectively.
Conclusion
Trading in cryptocurrencies can be quite profitable if you’re doing it right. These exchange providers provide low transaction fees to help you maximize your profits. You can try them out to better analyze the platform that will suit you best beyond the low rates offered.
