Cryptocurrency trading has become more accessible thanks to the rise of zero-fee exchanges. These platforms allow you to buy and sell digital assets without paying trading fees. This guide will explore the best zero-fee crypto exchanges that let you trade crypto for free.
We’ll look at how these no-fee crypto platforms work. Whether you want to buy Bitcoin without fees or trade other cryptocurrencies, these exchanges offer a cost-effective way to enter the market. We’ll compare their features, security measures, and user experiences to help you choose the right platform.
Key Takeaways:
- The best zero-fee crypto exchanges are MEXC, Binance, Lykke, Phemex, and Deribit, each offering unique features and low or no transaction costs.
- MEXC is our top no-fee trading platform, providing 0% fees for spot and futures trading with a wide range of supported new altcoins.
- When choosing a no-fee crypto trading exchange, consider factors like security, supported coins, user experience, and deposit/withdrawal methods.
Best No-Fee Crypto Exchanges and Trading Platforms: Our Top Picks
We have reviewed more than 15 cheapest crypto exchanges and compared them based on their fees, trading features, security measures, user interface, and more. Here is our list of the top 5 zero-fee crypto exchanges:
- MEXC: Zero maker fee crypto trading platform
- Binance: Cheapest fiat-to-crypto exchange
- Lykke: No-fee cryptocurrency exchange in the UK
- Phemex: Lowest transaction fee crypto exchange
- Deribit: Buy Bitcoin without fees in the spot market
1. MEXC: Zero Maker Fee Crypto Trading Platform
MEXC stands out as a leading zero-fee crypto exchange in the digital asset market. For spot trading, both makers and takers enjoy 0% fees, making it truly cost-free to buy and sell cryptocurrencies. Futures traders also benefit from competitive rates, with 0% maker fees and a low 0.01% taker fee.
Founded in 2018, MEXC has grown rapidly, serving 10 million users globally. The exchange supports over 2,500 cryptocurrencies, giving traders a wide range of altcoins and niche tokens. It also provides access to spot, futures, margin, and copy trading. MEXC’s user interface is designed to be user-friendly, making it easy to navigate for traders at all levels.
For security, the exchange employs multi-signature wallets, cold storage for most user funds, and PoR audits to protect user assets. It also offers two-factor authentication (2FA) and anti-phishing codes to enhance account security. You can read our complete MEXC review for a detailed overview.
Pros of MEXC
- 0% fees for spot and futures makers, with very low taker fees
- Supports a wide range of cryptocurrencies
- Fast transaction speeds and high liquidity
- Strong security measures
- User-friendly interface, suitable for all experience levels.
Cons of MEXC
- Limited fiat deposit and withdrawal methods
- Not available for U.S. traders
2. Binance: Cheapest Fiat-to-Crypto Exchange
Binance is another top choice among zero-fee crypto exchanges. The exchange charges no deposit fees, making it easy for users to fund their accounts. Binance also offers a no-fee “Convert” feature. It allows you to convert between fiat-to-crypto, or between crypto-to-crypto, with zero fees. This means you can easily swap Bitcoin (BTC) for Tether (USDT) or vice versa without incurring any transaction costs.
For spot crypto trading, Binance charges a competitive fee of 0.1% maker/taker. However, the exchange provides additional incentives for users. Holders of Binance Coin (BNB), the platform’s native token, receive a 25% discount on trading fees. High-volume traders can enjoy even lower fees, with discounts increasing based on trading activity and BNB holdings.
Founded in 2017, Binance has quickly become the world’s largest cryptocurrency exchange by trading volume. As of 2024, it handles over $20 billion in daily trading volume and boasts more than 210 million registered users worldwide. Here is our full Binance review.
Pros of Binance
- Low trading fees with additional discounts
- SAFU insurance fund
- Advanced security features, including 2FA and cold storage
- High liquidity, ensuring fast trades and zero price slippage
- Extensive range of products, including spot, futures, and staking
Cons of Binance
- Separate Binance.US platform for U.S. users with fewer trading features
- Advanced features can be challenging for beginners
3. Lykke: No-Fee Cryptocurrency Exchange in the UK
Lykke is the cheapest crypto exchange in the UK that offers an attractive trading portal with no commissions on swaps and trading.
