Which exchange has the lowest virtual currency handling fees?
The virtual currency exchanges with the lowest fees include: 1.Binance (0.1% for spot trading, lower for futures trading); 2.Coinbase (0.5%-1.49%); 3.FTX (0.02% for spot trading) , lower for futures trading); 4. KuCoin (0.1% for spot trading, slightly higher for futures trading); 5. Kraken (0.08%-0.16% for spot trading based on trading volume).
The virtual currency exchange with the lowest handling fee
When choosing a virtual currency exchange, the transaction fee is an important consideration. Lower transaction fees can help traders save a lot of money, especially high-frequency traders. The following are the current virtual currency exchanges with the lowest fees:
1. Binance
Binance is one of the largest virtual currency exchanges in the world, known for its low price famous for its handling fees. For spot transactions, Binance charges buyers and sellers a 0.1% fee. For futures trading, fees are slightly higher, but still lower than many other exchanges.
2. Coinbase
Coinbase is a user-friendly exchange, especially for beginners. Transaction fees depend on the transaction amount and range from 0.5% to 1.49%. While Coinbase has higher fees than Binance, it offers a wider range of payment options and better customer support.
3. FTX
FTX is a rapidly emerging exchange that provides low fees and advanced trading features. For spot transactions, FTX charges buyers and sellers a 0.02% handling fee. For futures trading, the fees are even lower.
4. KuCoin
KuCoin is a multi-functional exchange that provides a variety of virtual currencies and trading pairs. For spot transactions, KuCoin charges buyers and sellers a 0.1% fee. For futures trading, fees are slightly higher but still below average.
5. Kraken
Kraken is an established exchange known for its high liquidity and security measures. For spot trading, Kraken’s fees are based on transaction volume and range from 0.08% to 0.16%. For futures trading, fees are slightly higher, but still lower than many other exchanges.
It is worth noting that transaction fees are only part of the transaction cost. Traders also need to consider withdrawal fees, deposit fees and spreads. Before choosing an exchange, be sure to carefully consider all fees.
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