Bitcoin Forum

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

What do you mean by regulation? Are you saying they're being watched by some government bodies and submit quarterly report, or something like that?

Most exchanges charge around 0.1-0.3% per trade. I think you should try Binance or Coinbase. Anyway, you should think about the withdrawal fees too. Sometimes they charge a lot, so cheap trading fees won't give you that much profits if in the end you plan to withdraw your coins.

I'm not living in Australia so I don't know which regulated exchange is best in your country.

You can check this site https://www.coingecko.com/en/exchanges
Click any exchanges from the top 20 and you can see the overview including the trading and withdrawal fees of the exchange site.

If you want your holdings to be safe(if you're referring to your coins), you shouldn't be leaving your funds on exchanges in the first place. Though I understand why you want an exchange that has strict regulations.

Here are some reading material for you:

• https://bitcointalk.org/index.php?topic=1631151.0
• https://cryptosec.info/cryptocurrency-wallets/

His main concern is about trading with low trading fee, not about holding crypto for long term purpose imho.
Talking about trading fees, I think most exchange has similar fees (no significant gap difference)
In my country there is an exchange with no trading fees for btc-atlcoins trade, but there are only 11 pairs you can trade. You may check indodax.

Yea I obviously got that. I quoted the part whereas OP said he wanted his funds to be safe; so I linked some articles to educate OP if ever he was referring to his coins being safe.

most exchanges have a maker/taker structure. use limit orders instead of market orders to take advantage. not only will you save on fees but you'll save on slippage too.

i used to recommend coinbase pro (GDAX) because it had 0% maker fees. you could trade there for free! but a few days ago, they switched to a tiered fee system where makers now pay 0.15% unless they turn over huge volumes. :-\

bitstamp starts at 0.25%. gemini charges a whopping 1%! it seems like coinbase pro is still the best option as far as the squeaky clean exchanges go.

binance charges 0.1% and bitfinex charges 0.1% maker fees. those seem like the best options for spot trading right now. but they're not exactly tightly regulated exchanges.

i think you have misunderstood what regulations are doing to exchanges. they are not exactly there to protect the users' funds or make the exchanges more secure! they are there to prevent exchanges from doing certain illegal things such as money laundering and also they are there so that the government can force KYC and then be able to monitor who is doing what and where their money is going when it exits the banks.
otherwise the exchanges can still be hacked or even scam their users and run away.

There's no safety when you push your coins to an exchange, movement of coins to exchanges are not encourage due to the high risk of hack. Recently, there's been exchanges which were hacked and traders coins were moved from the exchange. Advise, any coin in an exchange is no longer safe, so, don't move all coins to exchange.

Actually each trading site has a different amount of fees but it would be difficult if you want try all of that site and will make account just to determine the fees behind and it would be uncertain if you just rely on others opinion . If i were you try to make a research sometimes to obtain specific information.  Indeed there are more source now all over the internet so it woulf be better to be specific. .

Regulated exchanges doesn’t mean your coins are safe and backed by the government. It is possible that your coins will be gone if the exchanges got hacked, closed down and etc. Therefore, get a hardware wallet or a wallet you control the private key to keep your coins safe.

You can check out Binance, it is a top exchange with bigger trading volumes. If you use BNB to pay for the trading fees, you get 50% off.

while it's always a bad idea to store coins at exchanges, licensed/regulated exchanges are less likely to exit scam and some have insurance coverage. for example, coinbase has insurance for all online crypto storage (hot wallets) as well as FDIC and equivalent insurance for fiat money.


using BNB only gets you a 25% discount. https://www.binance.com/en/fee/schedule

If you want to start trading you can participate in Binance exchanges but it is not regulated exchange and if you want to hold your funds in long term you can choose some wallet. The most secured wallet is a hardware wallet so you can choose your own decision. If you really want go others suggestion you can ask the exact information of exchanges we are all guide you.

I think the only way to minimize tranding fees is to choose an exchange with a small tranding fee, so you have to find out which exchange tranding fee is a small pan of most exchanges.

Exactly, whenever i trade on any Exchange, i trade basically because of the fee. Trading fee has alot impact on the exchange, i choose an exchange with a lower fee, although the security aspect of the exchange is paramount to ensure the safety of the coins. There are some Exchange which has lower trading fee and not secure, never advise to be use.   

Op is in need of the list of those exchange you used to trade with and also if those exchange are regulated!  I think fee is not a much concern to me.  I do trade with binance and poloniex and my most concerned is about the platform and the analytical tools!

Just target out to use up top tier exchange as of this moment yet most of them do have the lowest trading fee.Im aint sure about the regulation stuff but definitely current exchange dont have any problems with that.

Minimizing trading fee isn't possible with some techniques. Every exchange will have its own trading fee percentage. In recent days there were more exchanges providing with low trading fee. Kucoin, one of the the exchange with good trading volume used zero trading fee access for few days to increase the trading through their exchange.

True to be sure one has a secured coin first because low fee without security isn't going to get my patronage. However, most of the top exchanges are secured and have a relatively low fee too.

If you have problems with high fees for transactions on you exchange platform, you can try making transactions on some P2P exchanges like localbitcoins.

I wonder what you mean when you said "you want your currency to be safe". Remember that when you put your money in an exchange consider that you are already at risk of loosing it, regardless of what trading platform it is. So far Binance for me has the lowest trading fee, just make sure that when you pay, trading fees, pay using BNB.

You can minimize the fees by trading big and of course you have to look for a better exchange on your place or even outside in Australi. Binance has a lower fees and a good exchange, your coin will be safe there but still no guaranteed. You can also buy coins to someone you know without paying any fees, but if you’re an active trader i think you must know how to deal with the fees.

Trading fee each exchange just around 0.075% - 0.25% pertrade, in my personal, i dont see the trading fee but the more important thing is the high trading volume of the exchange so i can get very low spread. And also i prefer to use exchange that provide stop loss feature to minimize the risk from wrong trade. One of the exchange with good regulation is Liquid.

Are you sure you want to find a cheap fee? I suggest not to get too fixated with cheap fees, you should think of quality, look for an exhcange that has a good level of quality, it will have no meaning when it is cheap, but the quality of the exchange is not good. Believe that when you feel comfortable in an exchange you will be able to successfully make exchanges.

I'm not familiar with the regulations in your country, so when you are trading, you are abiding with that regulation.
You can do your own research, for sure if you are a trader you are capable of finding a good exchange.

Exchanges that are listed https://coinmarketcap.com/rankings/exchanges/ are the exchanges I can recommend, just pick the most liquid as they are more reputable. Trading fees are competitive in exchange and it's normally just a small percentage.

I don't know how you can call this legal because it is definitely against their ToS but if you have a friend or so that can become your affiliate or you become theirs that way you can trade on binance and you will be able to trade with low fee if you use binance coin as well.

It means if you use BNB + affiliate that comes down the cheapest trading I can name without really going to the shady looking exchanges, they are really good and the fee levels are really competitive that way. I think the problem is not the trading fee because it is quite cheap anyway, unless you are trading millions everyday you wouldn't feel it. The trouble begins during withdrawal because they charge so much useless coin for withdrawal, with proper lightning network usage they could charge ten times less than what they are charging now.

indeed some trade has an average cost of that much but it can be reduced when you use utility tokens such as those in the exchange, when you reach the trading target in one month and you have a  binance coin then the cost you spend can reach 0.0150% 0.0300 % for maker and taker, of course you must have a bitcoin trading volume within 1 month 00150000 BTC and have a binance coin (BNB) ≥11000 BNB.

For now, I think the best exchange I can recommend to you is Binance which if you research yourself, you will realized that they are still the biggest for now and still the most effective exchange you can trust with your fund, although as many people and experts will advise, never leave your investment on an exchange except you wish to trade with them but for holding, always make use of a hard wallet for your savings.

There are so many things you can really benefit from their platform, such as very low trading fee which is still the lowest for now and investing in the right project through their Launchpad.

To put it bluntly, now I really understand the value of binance tokens, which can really reduce the trading fee. But it seems to me that anyway, if you trade without these coins, then this trading fee can be very expensive, if you are engaged in trading large volumes. Or not?

Cheap fee also matter mate, you know it depends on what every trader is capable of investing for trading and when it comes to trading, you have to consider the trading fee to be able to start making profit quickly and looking at this exchanges too, I feel it is just greed that is affecting most of them, most of these quality exchanges has lots of volumes which should have made them bring the charges on trading low but yet, they still charge high.

Quality matter too, I am not disputing that fact but cost of trading also very important thing to consider. Trading with lower fee will make the trader make more profit.

Yes, you're right. I don't think there is a way for anyone reduce or avoid those fees. Best thing for them is to check out different exchanges and know which one has a lesser trading fees. All exchanges charge fees for trading, so you just need to find one with lesser fees and go for that. Binance will be a good option, they charge a little fees. Though its possible there might be other exchanges with cheaper fees.

Still, I believe there are "other" ways you can minimize the fees in exchanges. You can avoid paying withdrawal fees if you're making use of coinbase. You do this by withdrawing to GDAX and from GDAX you can send the money to other exchanges. Doing this takes more process, but the good thing is that yours not going to pay any fees for the withdrawal, cause every withdrawal you make from Coinbase to GRAD is free and GDAX to other exchanges is free.

There is nothing you can do specifically for this, but you can find out about the services that offer the possibility of processing with the lowest transaction fee by doing research. Especially since every market service creates its own token, you can earn various discounts when you use these tokens in many services. Using a number of advantages, you can make transactions with more appropriate commissions and spend less on services. I think there is no other method except this method and I don't want to go through it again. You cannot reduce these commissions with your own efforts or with your own methods.

Actually I did not care about trading fee till today. But sometimes I think about withdrawal fees.Though I did not know which exchange is regulated with your country, So as a trader I suggest you to use binance which is known by every trader. The binance coin (BNB) is using for trading fees in this exchange. You can convert your extra coin (which is not withdrawable/ is not enough for minimum withdrawal balance) BNB. And the BNB coin will be cut as trading fee in binance exchange if you on the option from setting. Thanks

Trading fees is solely dependent on the exchanges and I am not sure it would be possible to minimize trading fees unless you are not ready to place a lot of trade for profit, this means you have to check the market so well for a coin that would give you a lot of profit and buy into those coin and then pull out from the market after making profit.

Exchange trading fees are fixed based in the exchange you are trading on and there is no way to minimize it until you are ready to minimize your trade orders.

Definitely, Binance exchange has a good reputation and most reliable exchange as well. But not all altcoins was there on Binance that's why other people looking/switching into the new platform which trader like coins was there. I also don't mind on trading fees, the thing that we must worry that hopping your coin was listed on Binance.

I would advise you not to get too comfortable with the words "regulated crypto exchange" . When you keep all your funds on the exchanges and they get, hacked or stolen, you probably won't get it back or it will take you too long to get it back.
Regulated exchange indeed.

I think that first of all you need to consider such trading platforms that have their own tokens that can be used to pay for the commission of trade, as well as simultaneously receive a certain percentage of discounts. As an example, you can give binance and idex.

The trading fee of mayor popular exchange just about 0.1-0.2% per trade so iam not really care about it because with high volatility of crypto market we can make profit minimum 10% pertrade even more than 50% for each trade in bull market. Some exchange provide diskon for trading fee if we trade by higher daily trading volume,  this exchange  like Poloniex and Gate.io.

The situation decides the trading fees so in this type of situation it will not been very much I am so exchange fees will be convenient for me to stay in this field for good trading.

I recommend you better use the FIAT-Crypto changer service. I am sure there must be some people who open the service. usually the fee also depends on the number of purchases. Usually between 1-2 $ for transactions under 150$. If you want regulated exchange, try DX.EXCHANGE. its new exchange but regulated though.

Huobi Australia exchange is one of the good exchange that comply AML , they also listed many good coin and has high trading volume. For trading fee, we can not minimize it because that fee already standar of the exchanges. 

Fee is the lifeblood of the business, and they set on standard so they can compete in the market.
Maybe I can advise if you want to minimize the fee, is you don't trade all the time, that will save your fee, but life is boring for a trader that way, right?

the more active trades are done - the more suitable spread is. some exhanges offer discount for fees, like b2bx exchange - they give 35% discount for using b2b token as a fee.

of course each exchanger provides different costs, and it is actually not related to security, they affect the speed of the transaction that you do.

If you are looking for low trading fees then Binance would be the best for you. It is well-reputed exchange out there for some time. Use BNB coin to pay fees you will get 50% fees discount.

I think it will be manageable in sometime but it depends on the demand and the situation we cannot change anything against the situation especially in sometimes it will be more expensive to trade and give the fees for that but we cannot do against them but one thing is we need to hold on and make the decision after sometime I will give the Managing profit.

All exchanges arrange fee trading fees around 0.3%, to minimize the lower costs, my advice is you can sell these coins and buy doge coins. Because at Livecoin the cost to withdraw doge is only 2 doge ... it's really very cheap!

With all the reputable exchanges being highly competitive you don't need to worry about their fees anymore as they are similar to each other. The only way to outweigh the cost in your trade is by having a substantial amount to trade in, meaning you should have bigger capital in which chances are you will also have a bigger gain depending on your trade. This works as all the people have done it in the stock market before as they realize that if your gain offsets the cost of the trading fees wouldn't even be noticeable for their part.

Well the fees aren't really that expensive now so for me i don't think there's a reason to go through all that process just to have a reduced transaction fee. It's not that big of a difference anyway.

If you are a real trader, you should embrace that fee, it's part of what we have to pay as a trader.
What matter is we will make profit, no matter how small the fee is but if we cannot be consistent with our price prediction, our future is very unclear with that.

i can offer very low rates (below kraken) for people paying invoices/bills. (SEPA)

I learnt recently too that Huobi is also doing very well is doing very well and especially in china and china would prefer to deal with Huobi to any other exchanges, I guess this monopoly they have over china is what has made their trading fee still quite not minimal because I can vouch that trading fee on Binance is far lower than Huobi, not for the fact that they are the best and the most popular exchange but because they do put lots of their trader into consideration and that is why they made their trading fee, as it is till now, I think their trading fee is the lowest for now except there is another exchange I am not fully aware of.

You should be trying opening an account in Binance and stack your currency in there. Binance is the most trusted exchange and this is where many people trade. Based on my experience, having funds in exchanges are safe but there were a lot of people in here saying that stacking your money in there is not. If you will follow them, you should know first if the currency you want to stack in is a ERC20 tokens or not. If they are, then you can just stack them at myetherwallet.com just be careful on your private key.

0.3% is way too cheap for someone to still be looking for cheaper trading fee again, any good trader will at least make up to 5% on every of his trade which finding 0.3% too difficult to pay will mean the person must be a very stingy one.

These exchanges also needs to have gains and maintain their platform which I do not think that this fee is that much to be charged, and the doge you mentioned, I don’t understand the correlation to selling coins for doge, I would not do such thing for a coin that I don’t see any much future in it because of low fee.

You are right that If we are trading we will have to pay the fees as every investment charges something, but the fees is about your site that you are using, some are charging high and some are low, but having minimum is not possible because for safe and fast trading we should be always ready to follow the market and pay our fees as profit is much bigger than the fees we are paying.

doesn't every exchanger determine the usual difference?
I really agree with the strategy you gave, I will try it. thank you for the good advice.

That is very cheap if you are talking about withdrawal, I thought we are talking about trading fees here.
Anyway, since we all cash out in the end, we need to save at least some so we can maximize our income, but if you cash doge, how can you covert that to fiat?

I would check Binance. They have the lowest fees and good reputation in the community. Otherwise, check Bitfinex.

Read more about crypto trading platforms with low fees (https://www.cryptocointrade.com/trading-blog/what-crypto-trading-platform-offers-lowest-trading-fees/)

  In trading we are aware about the fees but it is not about minimizing the fee we paid of, it is all about the strategy and being responsible of making big profits. Moreover,  we have to embrace the fee of trading as it is part of being liable to pay back what we got on trading.

In every exchange platform they had their own level percentage in terms of transaction charge. Just like for example in bitrabbit they have 0.0005BTC fee of charge, while in kucoin was 0.001BTC and for IDAX same with kucoin something like that. So I doubt that coss is a good token to be hold in a long term.

You didn't understand the original post or didn't bother to read it. We're talking about the trading fees and not the transaction fees.
Back to the topic, I think Coinbase Pro is the cheapest option around and it's a regulated exchange like the OP is looking for. I'm using Kraken, it has a 0.16%/0.26% fee structure

sometimes it will be more higher than our expectation so on the time we had no chances to reduce the fees but in most of the times we have the plans make it successful with low trading fees so I think it will always come under your experience.

Trading fee, maybe you bnetter to open all exchanges in your country and compared each other then pick a decision. If in my local exchanger maybe if i be taker, trading fee is not high as maker. So i only put order and wait my order to get hit by someone.

Seriously, does regulated exchanger really means better safety? Of course no, if exchanger is hacked, that's it, non regulation will help you and as far as I know they don't make any reserves, just share profits. Bittrex was hacked but users haven't received money, lately some bitcoins were returned totally.
If you trade with small amount, I think you won't see a fee which will hugely affect your profit, deal is to move on exchanger that has low fee and trade your best.

Right we are earning so big from trading so we should have guts to pay the fees on time, there is nothing so bad in paying our fees because it improves our transaction time and it gives us safe transaction, there are many other sites but we will have to wait for more than one day to receiver our transaction it allows only two coins a time, so better pay your fees on time.

Just use some of the recommended Exchanges everybody uses Anything without a KYC should do the work and as for exchange fees most exchanges charge thesame so i will advice you dont bother yourself with that

Find other options to minimize trading fees. You can also manage it by setting schedules of your trade. This is somehow cliche but its like having a scheduled trading time rather than having it anytime that costs you much.

If you are trading big volumes you might be able to close some individual partnerships with the broker you are working with. They can offer you lower swap rates and commissions. But if you are trading with micro or mini-lots you are not likely to get a personalized fee package.

You can't choose a perfect exchange like that. I think trading fee is higher than average, it is normal. The most important thing is the security level of exchange. If exchange has a gap, all your money will be lost and no one will be responsible for your money. I think you should trade in Binance and Kucoin, it's definitely very good exchanges.

I dont think the fees are high enough in most exchanges to have a real impact unless you trade very large amounts. As for an exchange, https://dassetx.com/#about should be pretty good. It is located in NZ and should be open to Australians aswell

This one is little more complicated. because even me still too confuse to know some of the exchanges that already have regulations, of course each country will have different perspectives on exchanges that already have regulations. for the fee itself, usually the fee is not too high only 0.01-0.1% and also the fee withdraw only has an estimate of 1-2$ even though some coins are just taken 0.1$

In local exchange the fee will be slightly higher but I don't think trading fee will be a big impact on the profits for a trader because its just a fraction from the profits.So just concentrate on the best exchange and you will get better price which can be uselful to equalize that trading fee.

Search for the reputed exchanges and from that try to find out the fees which exchange charges and which is low. Instead of this people go for some newly opened exchange and at times get scammed or lose their coins as those exchanges gets vanish.

He does not have to even go that far in researching; everyone clearly knows the most reliable exchange for now, with great qualities and the lowest competitive fee ever in the history of exchange, which is Binance.

Everything his heart desires in an exchange has already been covered by Binance, the protection its users even get against fraud is something that is worthy of really taking note of, some of these other exchanges will only promise him heavens but in the end after transferring his fund, he would realize that they don’t meet up that much to expectation like they promised.

Regulation in sense of obligations of exchanges towards users would help. Similar like banks have the obligation to refund the loss of users in case their system is compromised in any way. So I would support more strict rules for exchanges as well as their obligations for better safety and security of their services and we are all aware that not all exchanges care equaly for that. Of course there is also protection of user's data.
On the other hand I think that fees of all exchanges are more or less in the same range so fees don't affect profit of traders that much.

Trading fees is a small percentage only, if you earn a decent income, you would not feel it.
Going back to regulation, it's necessary for centralized exchange as we are dealing with money here and its the government job to protect investors from fraud and their right to collect taxes or punish those who does money laundering.

However this regulation has also a bad effect to us, because if we all comply with KYC, we will loss our privacy, there is no difference then in opening an account in banks and trading in crypto.

Bigger volumes might be more less on fees but you have to find a good deal. The fees is not actually high, its a lot more cheaper compare to stock market and other financial remittances so don't worry about the fees, it can be earn in just one hour believe me. Trading fees is normal for active trader, it can't be skip just think that its just your tip to the exchanges for serving you a great trading system and able you to make money.

Trading platform will be settled in trading fees so its already minimise for trading and for those traders must choose a good exchange and begin to start for their trade.

Yes you can minimize fee using these exchanges with high volumes, but the best of them if we are to fully minimize fee completely is Binance. Until now, there is still no trading platform that has the lowest trading fee than Binance, but the fees of these exchanges are not that much too for one to really feel it if one is making profit.

The major concentration should be on how to maximize profit from our trade and not trading fee, if we make good profit from our trade, we would find it easy to dash these exchanges whatever low fee they are requesting to take for the services rendered.