2019 Cryptocurrency Exchange Platform Fees Reviews

[tesco]

As a trader the transaction fee factor will be considered first because it directly affects the total amount of money that we are investing.
Let's review the transaction fee of the top 10 crypto exchanges 2019

Please share your opinion

(I will continue to update the list of other exchanges soon...)

[raul89]

Only Binance deserves respect, in my opinion. However, I am not in favor of using exchanges with registration, as there is a chance of losing money in the event of a hacker attack, as it was with Cryptopia.

[cfolo]

Only Binance deserves respect, in my opinion. However, I am not in favor of using exchanges with registration, as there is a chance of losing money in the event of a hacker attack, as it was with Cryptopia.

yes if we want make money from trading then centralized platform still best place now

[tesco]

Please comment what your exchange platform you using
we will continue with Fees Revews

[Zalaster]

Obviously, Binance is the best choice. I also used HitBTC from this list, but the withdrawal fee is too high, so I don’t use them now.

[magneto]

As a trader the transaction fee factor will be considered first because it directly affects the total amount of money that we are investing.
Let's review the transaction fee of the top 10 crypto exchanges 2019

Please share your opinion

(I will continue to update the list of other exchanges soon...)

Thanks for the list.

Though I think that it would be helpful to have something similar, except also including metrics such as any deposit and withdrawal network fees (I don't think that there are lists of both actual trading fees and deposit/withdrawal fees available that are actively updated). Though lower maker/taker fees are obviously better than higher ones, a lot of smaller investors will care more about how much it costs to withdraw, because of the low volumes that they are dealing with.

Furthermore, I think that some exchanges have rewards programs or tiered exchange fees. Would there be any way to incorporate that info into the chart as well?

[hugeblack]

These platforms have been used a "zero" fees to polish the dust of price manipulation.
I expect that such temptations will motivate people to invest in this platform and then include more useless cryptocurrencies "designed to manipulate prices" to scam customers when prices fall.

If you want to be fair, the list should include the transaction fee for BTC/USD pair only "deposit and withdrawal."

[elda34b]

What's the metric that you use for making the rating?

Btw Coinbene has a high fee of withdrawal. You can lose $10 just for withdrawal only. I'd personally avoid them if possible, and I'd rather put Bittrex on their place. It's also interesting that I don't see Coinbase in this top list.

[buwaytress]

It's a decent list but you should make the fee structure clearer. Binance, for example, has a different fee structure for trades settled in its own token. I believe this is quite common for the biggest exchanges, maybe most if not all those listed. So you may achieve a cheaper fee structure but only if using the native token to pay the fee (then this needs a different calculation to see nett profit).

Then, a more complex calculation is the spread with average global price. What's the point of low fees if you pay more anyway? Binance probably ranks higher here too though.

[1Referee]

It's a decent list but you should make the fee structure clearer. Binance, for example, has a different fee structure for trades settled in its own token.

It would definitely be a useful addition, but the thing with these in-house tokens that grant people lower fees or cashbacks, is that while trading, the value of the token could very likely tank hard, because it doesn't tend to follow Bitcoin, but follows whatever the exchange comes up with. In other words, the advantage you believed you had turns out to make you lose money.

Another thing to take into consideration for OP are the volumes generated, because the more volume people generate, the lower the fees will become.

[buwaytress]

It's a decent list but you should make the fee structure clearer. Binance, for example, has a different fee structure for trades settled in its own token.

It would definitely be a useful addition, but the thing with these in-house tokens that grant people lower fees or cashbacks, is that while trading, the value of the token could very likely tank hard, because it doesn't tend to follow Bitcoin, but follows whatever the exchange comes up with. In other words, the advantage you believed you had turns out to make you lose money.

Another thing to take into consideration for OP are the volumes generated, because the more volume people generate, the lower the fees will become.

I actually have accounts on Binance and BitPanda, both of which I use fairly regularly, but never opted for their native tokens for those discounts (which actually seem pretty deep), generally because I don't have a high frequency of trade (I tend to do all available trades in single orders). I was under the impression that the bigger guys with big volumes actually do well, hasn't BNB (binance's token) been on a steady ascent in terms of price? In fact, I think I read somewhere it's been making new ATHs (against BTC) these few months even in the bear market.

But you're probably right, my own rough calculations never convinced me to settle with BNB. I still feel most of the price is speculation.

[NeuroticFish]

Only Binance deserves respect, in my opinion. However, I am not in favor of using exchanges with registration, as there is a chance of losing money in the event of a hacker attack, as it was with Cryptopia.

From what I know, the lower the fees, the bigger the chance for price manipulation. And the fact they don't do KYC make the things worse.
Don't get me wrong, I'm not a big fan of KYC, but Binance seems not to deserve the "respect" many users seem to give it.


Edit: An for OP: Bitstamp starts with 0.25% - 0.25% and the fees are decreasing with the volumes.

Fee %   30 days USD volume
0.25%   < $20,000
0.24%   < $100,000
0.22%   < $200,000
0.20%   < $400,000
0.15%   < $600,000
0.14%   < $1,000,000
0.13%   < $2,000,000
0.12%   < $4,000,000
0.11%   < $20,000,000
0.10%   > $20,000,000

[LeGaulois]

I'm using Kraken, it has 0.16% Maker and 0.26% Taker. But the fees decrease depending on your monthly volume. I was using Cryptopia to trade with altcoins and don't even remember what were the fees. Not much dealing with altcoins recently but it's a good comparison. OP should add more exchange platforms to the list.

[khufuking]

You should add withdrawal fees as a factor too it can have a big impact especially if you are a small trader, I am saying this because I got burned before from exchanges that have insane withdraw fee compared to other exchanges. Other than that I agree that Binance should be in #1, also you might want to take a look at Bittrex too I think it should be up there.

[cfolo]

Obviously, Binance is the best choice. I also used HitBTC from this list, but the withdrawal fee is too high, so I don’t use them now.

Hitbtc seem only care about listing fees. so many coin in their have no trading volume

[cfolo]

Only Binance deserves respect, in my opinion. However, I am not in favor of using exchanges with registration, as there is a chance of losing money in the event of a hacker attack, as it was with Cryptopia.

From what I know, the lower the fees, the bigger the chance for price manipulation. And the fact they don't do KYC make the things worse.
Don't get me wrong, I'm not a big fan of KYC, but Binance seems not to deserve the "respect" many users seem to give it.


Edit: An for OP: Bitstamp starts with 0.25% - 0.25% and the fees are decreasing with the volumes.

Fee %   30 days USD volume
0.25%   < $20,000
0.24%   < $100,000
0.22%   < $200,000
0.20%   < $400,000
0.15%   < $600,000
0.14%   < $1,000,000
0.13%   < $2,000,000
0.12%   < $4,000,000
0.11%   < $20,000,000
0.10%   > $20,000,000

you right, poloniex is an example of losing market with their hard KYC policy

[cfolo]

You should add withdrawal fees as a factor too it can have a big impact especially if you are a small trader, I am saying this because I got burned before from exchanges that have insane withdraw fee compared to other exchanges. Other than that I agree that Binance should be in #1, also you might want to take a look at Bittrex too I think it should be up there.

you are right, some exchanger have huge withdraw fee.

[examplens]

Obviously, Binance is the best choice. I also used HitBTC from this list, but the withdrawal fee is too high, so I don’t use them now.

Hitbtc seem only care about listing fees. so many coin in their have no trading volume

+1 for the negative rating to Hitbtc. I have a lot of tokens there which I can't use them. For example, Telcoin you can trade on 100 Tel, So if you have 198, you can sell only 100. Also, the rest of the untradeable amount is not possible to withdraw, because is withdrawal fee much higher. It is a situation with all the coins there. Using Hitbtc only if have no other options to trade specific coins

[Zalaster]

Obviously, Binance is the best choice. I also used HitBTC from this list, but the withdrawal fee is too high, so I don’t use them now.

Hitbtc seem only care about listing fees. so many coin in their have no trading volume

+1 for the negative rating to Hitbtc. I have a lot of tokens there which I can't use them. For example, Telcoin you can trade on 100 Tel, So if you have 198, you can sell only 100. Also, the rest of the untradeable amount is not possible to withdraw, because is withdrawal fee much higher. It is a situation with all the coins there. Using Hitbtc only if have no other options to trade specific coins

I was surprised when I first saw it. I think they do it deliberately in order to collect assign residues.

[cfolo]

Obviously, Binance is the best choice. I also used HitBTC from this list, but the withdrawal fee is too high, so I don’t use them now.

Hitbtc seem only care about listing fees. so many coin in their have no trading volume

+1 for the negative rating to Hitbtc. I have a lot of tokens there which I can't use them. For example, Telcoin you can trade on 100 Tel, So if you have 198, you can sell only 100. Also, the rest of the untradeable amount is not possible to withdraw, because is withdrawal fee much higher. It is a situation with all the coins there. Using Hitbtc only if have no other options to trade specific coins

I was surprised when I first saw it. I think they do it deliberately in order to collect assign residues.

Many ico used hitbtc as promoted for their token listing. and Hitbtc make a lot of money from listing them