6 Best Crypto Exchanges with Low Fees

Understanding the cryptocurrency world and how the trading market works can prove rather difficult and overwhelming initially. If you are a beginner at cryptos, then you might have trouble finding which platform is best for you. Choosing the right cryptocurrency exchange is almost mandatory in your success and helps you a lot in making proper trades.

Whether you wish to hold on to your crypto coins for the absolute right moment or trade frequently, what you want is a platform which is both safe and secure. We regularly hear about money loss due to cryptocurrency hacks and scams in the news. Finding a good platform can help you immensely to avoid such tragedies. We have compiled a list to show you the 6 best crypto exchanges with low fees that will turn the complicated and risky process of investing in cryptocurrencies into a safer and easier one.

1. FixedFloat

 

FixedFloat is an exchange platform with great accessibility and easy to use tools that helps you make full use of your crypto assets. This exchange can prove to be a flexible and tailored plan in accordance with what you need. FixedFloat is designed in a great way and offers fast processing.

Pros:

• Fast and secure
• Simple and easy to use UI
• Has both fixed and float exchange rates (1% fixed and 0.5% float)

Cons:

• Lacks ability to trade with fiat currencies
• Limited cryptocurrency options (only the most popular ones)

2. LocalBitcoins

This platform is one of those decentralized cryptocurrency exchanges. Unlike many other exchanges that follow stock rules, LocalBitcoins lets users trade with one another directly. With the help of this exchange, people from all around the world are able to contribute and participate in trading their local currency for Bitcoin. Users are given a web wallet to store their assets in a safe place. From the wallet, they can manage all the crypto coins they own, either sending a Bitcoin transaction or receiving one.

Pros:

• Decentralized crypto exchange website for Bitcoin with the ability to trade cryptocurrencies from one user to another
• Allows for financial accessibility even in the underserved regions of the world.
• Works individually and has no overhead corporates

Cons:

• There are no regulations due to lack of a central authority
• Outdated website
• Only a limited selection of cryptocurrencies to trade

 

3. KuCoin

This is the one of the best and most popular cryptocurrency exchange platforms currently in existence. It is also a top exchange service in globalization deployment with more than 8 million users from all over the world. KuCoin is planning to start a revolution in the method we currently utilize to create and distribute value. The platform thinks that cryptocurrencies can facilitate the flow of digital value.

Pros:

• High trading volumes
• Extremely simple to use the mobile app
• Margin trading services for most of the best and major cryptocurrencies, such as Bitcoin and Ethereum
• 24/7 customer support and trades available
• Ability to trade a wide range of crypto types

Cons:

• Difficulty during high traffic periods
• Has issues with liquidity

 

4. Bybit

First created and launched in March of 2018, Bybit is now considered one of the best cryptocurrency exchanges and one the fastest ones on the market in terms of growing. The platform offers and successfully delivers a transparent, trusted trading space and a pretty effective one with nearly 1.6 million users registered to its service. It is worth mentioning that the people who founded the company were all formerly working for another exchange and therefore have a complete background in investment banking. The team consists of developers of the leading technologies in the industry and experts of financial and consumer technology. This leads to an amazing platform which is able to help innovate the entire crypto exchange environment.

Pros:

• Multilingual customer service 24 hours a day, 7 days a week
• Highly secure platform and pretty easy to use
• Allows for trading of multiple types of cryptocurrencies

Cons:

• An email address is required for sign up
• Either a trading rebate or trading fee is issued for every order

 

5. ChangeNow

ChangeNow provides the service to easily trade your cryptocurrencies for other more famous cryptos. This is the platform for limitless cryptocurrency exchanges free of custody. Also, you don’t need an account to use this service since it does not store any funds like some exchanges do. More than 170 coins are available for exchange without any limitations. There is also a fiat option which allows you to purchase cryptocurrencies via a Visa or MasterCard.

Pros:

• No registration needed
• A great variety of crypto options
• Supports Visa and MasterCard
• No restrictions

Cons:

• No crypto to fiat option (only fiat to crypto)
• The only convenient tools available are the price charts

6. Changelly

 

Established in the year 2015, Changelly has brought an entire ecosystem worth of products and various useful services to the crypto exchange market space. As one of the best cryptocurrency exchange platforms, it gives the users access to a one-stop shop to buy, sell, trade and swap their cryptos.

The innovative exchange platform that is Changelly also allows for a fast crypto exchange. The platform is regularly being updated and developed to constantly improve its interface and abilities to create new services and as a result enhance the user experience.

Pros:

• Two-factor authentication
• Live chat customer support 24/7
• Extremely fast transaction (usually within a 5 to 30 minute window)
• Supported by a mobile app
• Transparent fee structure
• Good rates
• High trading volume exchange restrictions

Cons:

·You have to sign up to use the service (a valid email address, or a working Twitter, or Facebook is required for account login)

·0.25% fee on every transaction

The Final Takeaway

Deciding to invest in the cryptocurrency market can be quite risky; therefore, extreme caution and informed and safe decision is required. The landscape of trading cryptocurrencies and especially exchanges can prove to be rather confusing. In this article we explained the best crypto exchanges with low fees to help you find the most suitable option. All of the exchanges listed above are secure, easy to us, trusted and offer an overall quality trading platform to users. We hope this article was helpful to you.