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Author Topic: Reliable, low fee(s) exchange  (Read 177 times)
hamsup1 (OP)
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March 15, 2024, 01:26:33 AM
 #1

Besides crypto.com, does anyone have any recommendations on which is a good exchange?
I don't think crypto.com allows sign up on website without downloading their app. I don't trust my phone, their app on the phone or their 2FA authentication, which is still on the phone.

Any suggestions?

Thank you
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March 15, 2024, 03:25:33 AM
 #2

Why not try Bybit or Binance?
For me, these 2 exchanges are the active exchanges that I am using the most right now. They have low fees in all, not only in trading fees but withdrawal feels also.
They both have mobile applications and/or can use in browser.

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March 15, 2024, 03:32:19 AM
 #3

Why not try Bybit or Binance?

This — not sure if there's an exchange with lower fees, but Binance and Bybit's trading fees are low enough. And if you're going to go for exchanges with lower fees, you're going to get into low liquidity(which will get you worse bang-for-your-buck trades despite lower fees) and borderline scam exchange territory.

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hamsup1 (OP)
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March 15, 2024, 03:53:48 AM
 #4

Why not try Bybit or Binance?
Thank you. I'll check them out.

you're going to get into low liquidity(which will get you worse bang-for-your-buck trades despite lower fees) and borderline scam exchange territory.

What do you mean by that? As in lower prices and not the market price?
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March 15, 2024, 04:24:30 AM
Last edit: March 15, 2024, 04:43:33 AM by Nmemosi
 #5

It is advisable for you to describe purpose behind seeking low fees of exchange. Starting from low fees when purchasing using a card, conducting transactions in the spot trading section, until low fees on a withdrawal transaction. It should be emphasized that purpose of choosing an exchange is not only based on low fees but also on the credibility of exchange platform itself.

Seems like this articel could help you as reference : https://altcoininvestor.com/11-cheapest-crypto-exchanges/
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March 15, 2024, 04:45:52 AM
 #6

you're going to get into low liquidity(which will get you worse bang-for-your-buck trades despite lower fees) and borderline scam exchange territory.

What do you mean by that? As in lower prices and not the market price?

That the orderbooks will be far thinner with lesser-used exchanges hence you're likely going to get bad prices(both on the buy and sell side). Imagine you being in a supermarket filled with vendors(hence competitive prices) versus being in a supermarket with just a few(hence more controlled prices) vendors.

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March 15, 2024, 04:47:17 AM
 #7

Why not try Bybit or Binance?

This — not sure if there's an exchange with lower fees, but Binance and Bybit's trading fees are low enough. And if you're going to go for exchanges with lower fees, you're going to get into low liquidity(which will get you worse bang-for-your-buck trades despite lower fees) and borderline scam exchange territory.
The last time I know about these exchanges comparison, OKX has slightly lower withdrawal fee. The trading fee are almost the same as Binance and Bybit. I am not using the exchange because the mobile app is frustrating and I trade mostly on the mobile app. It is the exchange that can generate you many bitcoin addresses. I have Binance and Bybit also and they are good but in fee I see OKX has lower fee and it has high trading volume.

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March 15, 2024, 05:08:31 AM
 #8

Besides crypto.com, does anyone have any recommendations on which is a good exchange?
I don't think crypto.com allows sign up on website without downloading their app. I don't trust my phone, their app on the phone or their 2FA authentication, which is still on the phone.

Any suggestions?

Thank you

If so, why don't you try using Binance? I don't know what country you're in, but you should be able to use it with a VPN from your browser if needed. So far I have used this exchange and have not encountered any problems while using it and I feel that the fees they offer are quite affordable and reasonable. Maybe you are interested in using their services.

R


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March 15, 2024, 05:53:15 AM
 #9

My favorite are binance, kraken, kucoin and bitfinex.
Biance, kucoin and bitfinex offers fee discounts for their native token holders (BNB, KCS, LEO)
In addition bitfinex offers 0 fees withdrawal on coins like ATOM, DOT, ALGO...

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March 15, 2024, 10:52:17 AM
 #10

If you care about fees (taker, maker, withdrawal fee), you can check with two websites
https://withdrawalfees.com/
https://www.cryptowisser.com/exchanges/

And check more with Coinmarketcap, Coingecko for exchange reputation (trust score, reputation score).

Then make your decision.

Binance, Bybit are good choices if you want to use CEX.

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March 15, 2024, 11:38:22 AM
 #11

Not in love with Binance but they're actually the closest to being the best at being fast and cheap. Even with all the bad stuff going on they're the most reliable in my opinion.

Just my advice however, do full KYC first before you even think to deposit.

Don't like KYC, then you won't find a reliable exchange.

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March 15, 2024, 01:01:53 PM
 #12

If I am to recommend you to any exchange.I will say you should try Binance, Binance is one of the most popular exchange and I don’t think the fees is much it is low as what you can be able to afford, and it is very trust worthy whatever verification you are required to do in Binance, you are supposed to do it the security of Binance is very tight you have to do some much verification to make sure your account is secured,then I can also say Bybit which someone has already mentioned to you bybit fees is not high. It’s also something that you can be able to afford, because I am sure of the both you can try them and see how it goes.



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March 15, 2024, 05:37:06 PM
 #13

Besides crypto.com, does anyone have any recommendations on which is a good exchange?
I don't think crypto.com allows sign up on website without downloading their app. I don't trust my phone, their app on the phone or their 2FA authentication, which is still on the phone.

Any suggestions?

Thank you

Binance and Kucoin are the best if you directly ask me to name the exchanges. Both have been in the business for many years and many regular traders use it all time. Moreover I would ask OP to not run behind low fees and risk the security of the wallet in the exchange. It’s better to pay high fees and remain secure than paying low fees without any security. So i would suggest you to move to Binance atleast.

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March 15, 2024, 06:27:28 PM
 #14

I do not know the experience you had using several exchanges and ended up with crypto.com. In my opinion binance is the best so far. But first  you need to know what you are looking for and you mentioned reliable and low fees. For now, it is only binance, kucoin and mexc i can vouch for reliability with low fees in the individual networks.

I have tried some tier 2 exchanges and the fees are high. Which means that you can use tier exchanges because it is more reliable than other tiers.

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March 15, 2024, 09:01:28 PM
 #15

As a rule, the amount of the commission depends on your trade turnover. And the higher your trade turnover, the lower the commission fees will be set for you. In addition, many exchanges have their own exchange token, using which you will also pay a reduced commission.

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March 16, 2024, 03:16:24 AM
 #16

What I have understood from your thread is that you want exchanges that have a lower rate than market rate if that's what you're looking for, you should stop right there because you will be scammed in search of this. The exchanges like Binance, Coinbase and kraken are good ones but they are not much lower than the market rates

 What they provide to your assets is security and reliability. An exchange that'll offer lower fees will compromise on your security and that's not what you would want for sure so try to be more professional while choosing one.

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May 04, 2024, 06:25:08 PM
 #17

Thank you all for taking time to guide.
I'm in US. no experience in exchanges. Just google and find the exchanges. Trying to diversify investment and thought start some in some actual crypto vs ETFs.


Sounds like most like Binance. I will check Binance.us. Again, appreciate all your replies.
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May 04, 2024, 06:53:08 PM
 #18

Besides crypto.com, does anyone have any recommendations on which is a good exchange?
I don't think crypto.com allows sign up on website without downloading their app. I don't trust my phone, their app on the phone or their 2FA authentication, which is still on the phone.
Any suggestions?
Thank you
Can you explain by low fees what you really mean? Like Bitcoin network or the others alt coin network?
Because you will find different withdrawal fees on different network like if you choose the cex binance or Ku-coin then or whatever cex you choose bitcoin transactions i.e. withdrawal fee will be high against the usdt, trx , ltc bsc. I have using these cex from a long time and in case of internal transactions we don't have to go though with the fees. Anyway these are most reliable also in current time.

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May 04, 2024, 08:06:49 PM
 #19

Can you explain by low fees what you really mean? Like Bitcoin network or the others alt coin network?
Because you will find different withdrawal fees on different network like if you choose the cex binance or Ku-coin then or whatever cex you choose bitcoin transactions i.e. withdrawal fee will be high against the usdt, trx , ltc bsc. I have using these cex from a long time and in case of internal transactions we don't have to go though with the fees. Anyway these are most reliable also in current time.
I think he tries looking for exchange lower fees including for withdrawing and trading fees, usually Binance still has lower fees when transaction using pair FUSD but most of coins has lower transaction volume than using pair USDT. I think all exchange have the same fees for trading right now just get small percentage difference and for withdrawing we can convert by using some altcoin with lower fees withdrawing cost such as TRX or LTC.
I am waiting with OP respond about exchange with lower fees for withdrawing or trading, I think all exchange support for website without have to use mobile phone application if aware with get malware on mobile phone.
Currently I use Binance as main market for trading but withdrawing to my local exchange if free because Binance have been partner for my exchange local, just spending fees for trading only.

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May 04, 2024, 09:36:17 PM
 #20

Besides crypto.com, does anyone have any recommendations on which is a good exchange?
I don't think crypto.com allows sign up on website without downloading their app. I don't trust my phone, their app on the phone or their 2FA authentication, which is still on the phone.

Any suggestions?

Thank you

If you want to know exchange that is considerable with customers in term of anything related users, go with Binance. The fees are low in the sens that the fees for trading is low and if you are bigger trader I will advice you to buy and hold some portion of their BNB, you will get slash with trading fees. You might think this fees are nothing but they are very big when you add them together.

They also don't charge for any deposit fees, we have some exchanges that charges customer for deposit and the withdrawal fees are very minimal compare with the rest of the exchanges. They also have this minimum deposit to bearest. I have deposit $15 worth of Bitcoin on one particular exchange one time and i was shock that I never got my deposit because I didn't meet the minimum repost, I think Binance has something like 0.00005btc as minimum deposit.

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