The lowest charged digital currency exchange in 2025

What is a digital currency exchange? How to choose a digital currency exchange? What are the digital currency exchanges with the lowest fees? What are the most used digital currency exchanges in China?

In the world of digital currencies, choosing the right exchange can improve your trading experience. Primarily, this involves a fee structure that is friendly to both traders and investors. Today, the editor of Script House will give you a detailed introduction to the six digital currency exchanges that charge the lowest transaction fees. Let's take a look!

 What is a digital currency exchange?

A digital currency exchange is an online platform for trading digital currencies such as Bitcoin, Ethereum, and more. It is similar to a stock exchange, but with digital currencies as the primary trading asset.

These platforms make it easy for you to trade digital currencies. You can exchange one digital currency for another, or convert it to fiat currency. Most people start trading on these platforms, whether it's for a quick deal or for long-term planning.

Without these platforms, you may need to look for direct trading, which can be complicated and time-consuming for beginners.

 How does it work?

Digital currency exchanges connect buyers and sellers by providing a marketplace for digital currencies while ensuring the security of transactions. Using these platforms is very simple. All you need to do is create an account, fill in your personal information and verify your identity.

Once you've logged into your account, you can top up your account via fiat or digital currency to start trading. You'll be able to track real-time digital currency prices and place buy or sell orders.

• Market orders allow you to buy or sell a digital currency instantly at the best price. Although the operation is quick, the price may change slightly along the way.
• A limit order is when you choose a price that you are willing to pay or accept. If someone matches your limit price with a market order, the trade will be automated, although it may take more time.

In either case, you'll be able to track the progress of your order, and your account balance will be updated once it's completed. After the transaction, you can withdraw your funds.

In addition to trading, many exchanges also offer storage services, offering in-house wallet functionality. As a result, you can store funds within the platform. Active traders may find this method convenient, but there are also risks as exchanges can be targeted by hackers. For better protection and long-term preservation, it is recommended to transfer assets to decentralized wallets or cold wallets. As for withdrawals, some wallets support direct withdrawals, while others require the use of P2P exchanges.

You need to pay a fee when you trade on an exchange because the exchange does this by withdrawing a portion of the profit from each trade. This fee is usually a percentage of the transaction amount. Some exchanges may also charge additional fees when you withdraw your cryptocurrency or offer additional features such as faster transactions.

 Why do people use digital currency exchanges?

As mentioned earlier, exchanges are the primary way people interact with the digital currency market. The reasons why people use exchanges include:

• Convenience: Buying and selling tokens through an automated exchange is much more convenient than peer-to-peer trading.
• Variety: Exchanges bring multiple digital currencies together in one place, making it easy for you to invest in different assets.
•  Liquidity: There are a large number of users on the platform, and trades are usually matched quickly.
• Accessibility: Digital currency exchanges operate around the clock, and you can trade at any time.
•  Additional features: Many platforms also include features like staking, lending, and more.
  

   Types of digital currency exchanges

  There are about 150 digital currency exchanges around the world, ranging from large, reputable platforms to some smaller, lesser-known exchanges. Obviously, they are not all the same. Here are the main types:

  • Centralized exchanges: These exchanges act as intermediaries, oversee transactions, and deposit funds. They are popular for their simplicity, but the centralized storage of funds exposes them to a higher risk of hacking. For example, Binance, Coinbase, and Kraken are all popular options.
  • Decentralized exchanges: These exchanges have no intermediaries and allow direct digital currency transactions on a public ledger. Uniswap and SushiSwap are common choices. Decentralized exchanges generally offer better security, but can be more complicated for beginners because you'll need to manage your private keys yourself.
  • Hybrid exchanges: These exchanges combine the advantages of centralized and decentralized exchanges: privacy, security, and user-friendliness. However, their current trading volume is not large enough to be a major platform for digital currency trading. Nash and Qurrex are some common examples.

  Security is naturally an important issue for digital assets. While some digital currency exchanges can be safe with strong security guarantees, the risk still depends on the reputation of the platform and its protective features. However, you can also take steps to protect your account, such as enabling two-factor authentication, using strong passwords, and storing funds in private wallets.

   How to trade on a digital currency exchange?

  Trading on a digital currency exchange is fairly simple and involves several steps. First, create an account and deposit funds. You can usually do it via bank transfer, debit card, and even PayPal on some platforms.

  Next, select the digital currency you want to trade. The variety of options depends on the platform, but in general the choice is very rich. You can then place an order and confirm the transaction. Once the transaction is completed, the account balance changes. If you don't plan to continue trading, consider transferring your funds to a secure wallet to keep.

   To ensure that your first trade goes smoothly, consider the following factors:

  •  Start with small transactions and familiarize yourself with the process.
  •  Follow the news that may lead to price changes.
  •  Find out what fees may be involved.
  •  Be aware of withdrawal restrictions, especially if you have a large amount of money.
  •  Keep track of market trends and news and stay on top of your trading opportunities.

   How to choose a digital currency exchange?

  With so many options to choose from, it can be hard to pick the right platform, but we're here to help. When choosing the right digital currency exchange, consider its security features, fees, asset listing, customer support, liquidity, and ease of use. Here are some key factors to help you make an informed choice:

  • Security: Choose an exchange that offers strong security features, such as two-factor authentication, and see if it has experienced a security breach.
  • Fees: Compare fees across platforms to find the best deal. Some exchanges may offer discounts for large transactions or the use of their native token.
  • Asset selection: Not all exchanges support the same altcoins. Make sure there are assets on the platform that interest you.
  • Customer support: Good customer support can help you avoid a lot of headaches. Find out if the platform offers 24/7 customer support and find out how to contact them.
  • Liquidity: Choose an exchange with high trading volume to ensure that transactions can be completed quickly and there will be no price slippage.
  • User experience: If this is your first time in contact with digital currencies, choosing a platform with a clean interface will make transactions easier and faster.

   Types of fees for digital currency exchanges

  Before we can learn about exchanges, we need to understand what types of fees there are. We will describe it as follows:

  • Market maker fees. When you place an order but it is not executed immediately, you incur a market maker fee; This type of trading adds liquidity to the exchange. Usually ranges from 0.00% to 0.15%, sometimes higher.

  • Taker fees. Unlike market maker fees, taker fees are incurred when the order is executed immediately after it is placed, which "siphons" the liquidity of the exchange. Usually higher, ranging from about 0.05% to 0.25%, sometimes higher.

  • Deposit fees. Some exchanges charge a fee for depositing fiat or digital currency into an exchange account. It can be a flat fee or calculated based on a percentage of the deposited amount; For fiat currencies, fees can go up to 5%.

  • Payout fees. This refers to the fee for withdrawing funds from an exchange to a personal wallet or bank account. Digital currency withdrawals are usually a fixed fee (e.g. 0.0001 BTC), while fiat withdrawals depend on the payment method (e.g. bank transfer or PayPal may charge up to 5%).

  Before you start trading, you should also consider the network fees associated with the processing of transactions on the blockchain. Even if the chosen platform has low transaction fees, network fees can add to the cost. You can learn about the best time to buy and sell digital currencies in our article.

   List of the best digital currency exchanges with the lowest commissions

  Let's take a look at the exchanges with the lowest fees on the market: Cryptomus, Binance, Coinbase, Bybit, KuCoin, and Kraken. We will compare market maker, taker, deposit, and withdrawal fees.

  exchange	Market maker fees	Taker fees	Deposit fees	Payout fees
  Cryptomus	Up to 0.04%	Up to 0.7%	无	无
  Binance	0.1%	0.1%	Fiat 1.8%-3.5%	Fiat up to 1%
  Coinbase	Up to 0.5%	0.05%-0.5%	$10 for wire transfer	$25 for wire transfer
  Bybit	0.2%	0.15%	Credit/Debit Card 2%-3%	Bank Transfer0.1%-1%
  KuCoin	0.1%	0.1%	Credit/Debit Card1.5%-3.5%	Bank Transfer0.1%-1%
  Kraken	0.25%	0.4%	Credit/Debit Card 3.75% + $25	Bank Transfer0.5%-1%

   Next, let's take a look at the details of each exchange.

  Cryptomus

  Cryptomus entered the market in 2022 and, despite its relatively young age, already has a large number of active users (over 400,000). This guarantees high liquidity and is therefore able to offer the best transaction rates. Market maker fees range from 0.08% to 0.04%, and taker fees range from 0.1%-0.07%. At the same time, there are no fees for deposits and withdrawals, and the only fees are blockchain network fees for digital currency transactions.

  The exchange offers more than 20 digital currencies for trading, including highly liquid trading pairs (e.g., BTC-USDT). The types of tokens are updated regularly, and users can choose from a variety of assets. The platform also offers a wealth of features (staking, P2P trading, payment gateways, etc.) that attract a large number of digital currency enthusiasts. When it comes to security, security measures such as 2FA, AML, KYC, and Certik authentication ensure the security of the platform.

  Binance

  Binance is a leading digital currency exchange due to its high liquidity and large selection of coins (400+). Market maker and taker fees remain at 0.1% at all times. For deposits and withdrawals, only fiat currency transactions are charged: up to 3.5% for deposits and up to 1% for withdrawals. Digital currency transactions only require payment of network fees. Binance features a 25% discount on fees by using BNB tokens.

  In addition to low fees, the platform also offers real-time charts and a variety of order types, which also attracts a large number of users. However, Binance is not available in some countries, including the United States, the United Kingdom, and Canada, which can significantly reduce the number of users, affecting liquidity.

  Coinbase

  Another leading digital currency exchange is Coinbase, which was launched in 2012. The market maker fee is 0.05% and the taker fee is 0.05%. If the transaction amount is more than $10,000, the fee is 0-0.04%. Deposit and withdrawal fees for digital currency transactions are only network fees, but wire deposits and withdrawals are $10 and $25, respectively.

  Coinbase offers more than 260 altcoins for users to choose from or for asset diversification. The platform also offers paid training courses for beginners, and users are rewarded with digital currency for completing each module.

  Bybit

  Bybit Exchange is well-known for derivatives trading and leveraged trading. The market maker fee is 0.2% and the taker fee is 0.15%. Users should also be aware of deposit fees, which range from 2%-3% for credit and debit card transactions and 0.1%-1% for bank transfers. Digital currency transactions only require payment of network fees.

  The Bybit platform is also popular for its efficient customer support team, which is suitable for beginners to consult if they have any questions while trading. Due to the platform's rich features, it is also a great option for experienced traders.

  KuCoin

  On the KuCoin platform, both the market maker and taker fees are 0.1%. Fees range from 1.5%-3.5% for credit or debit card deposits and 0.1%-1% for bank transfers and withdrawals. Digital currency transactions only require payment of network fees. For spot trading, paying fees with KuCoin's native token, KCS, reduces fees.

  KuCoin also offers a variety of trading methods such as margin trading, futures trading, and so on. Charts and order execution tools can help users trade efficiently.

  Kraken

  Kraken offers users access to more than 230 currency pairs. The market maker fee is 0.25% and the taker fee is 0.4%. There are also fees associated with depositing and withdrawing fiat currency: 3.75% + $25 for credit card deposits, and 0.5%-1% for bank transfers and withdrawals. Digital currency deposits and withdrawals are only subject to network fees.

  One of the reasons why users choose Kraken is that it offers a variety of trading types, such as the popular margin trading, as well as a large number of order types. Many digital currency enthusiasts choose to diversify their portfolios here.

   The most used digital currency exchange in China

   1. Binance

  Binance is the world's leading blockchain digital asset trading platform, which provides a wide range of digital currency transactions, blockchain education, blockchain project incubation, blockchain asset issuance platform, blockchain research institute and blockchain charity services to the world, with users covering more than 190 countries and regions around the world.

   2. Huobi

  Since its establishment in 2013, Huobi Group is a well-known leader in the digital economy, and has been committed to core technological breakthroughs in the field of blockchain and the integration of blockchain technology and industry since its establishment in 2013. Focusing on the upstream and downstream of the blockchain industry, it has developed multiple business sectors including industrial blockchain, public chain, digital asset trading, digital asset security wallet, mining pool, investment, incubation, research, etc., and has successively invested in 60+ upstream and downstream enterprises, forming a comprehensive digital economy industry ecosystem.

   3. OKX

  OKX has created the world's leading Crypto trading system such as a unified trading account, launched MetaX, and provided multi-chain none-custody wallet, OKX NFT marketplace, DEX, Dapps and other products. OKX will continue to move into the metaverse, Web3.0, GameFi and other fields, and OKX Ventures has invested in hundreds of blockchain projects around the world to promote the prosperity of the crypto economy.

  4.Gate.io

  Founded in April 2013 and registered in Cayman, the Gate.io trading platform has been renamed "Sesame Open Door" in July 2020. The platform has many years of stable operation experience, has accumulated a lot of industry-leading technology, it guarantees the security of users' assets through centralized and decentralized means, and provides users with an efficient and convenient real-time trading service system. As one of the world's oldest and largest trading platforms, Sesame Open strictly follows industry rules and does not participate in market operations.

  5.Bitget

  Bitget Exchange supports 500+ virtual currencies online real-time trading, holds Canadian MSB M20179708 licenses, American MSB, Australian DCE and other licenses, and in 2022, it will successively add wealth management, half-price coin buying, voting for coin listing, contract strategy trading and adding more empowerment for SBGB, which is a one-stop digital currency exchange suitable for all investors.

  6.Bybit

  Bybit Exchange is a digital currency trading app designed for beginners and professionals. It simplifies the buying process of popular digital currencies, offers spot and derivatives trading pairs, and has a variety of features such as derivatives trading with a unified sidebar field, advanced limit order settings, easy trading options for newbies, and more, as well as asset management, copy trading, NFT marketplaces, and more.

  The goal of all exchanges is to trade successfully, and the lower the fees, the more advantageous it is. Each of the digital currency exchanges we have introduced has its own features and functions. Hopefully, this article has helped you better understand the fee structure of digital currency exchanges, and perhaps also helped you choose a future exchange. Good luck with your trading!