HomeBusinessInvestors Love these Five Bitcoin Exchanges with the Lowest Fees

Investors Love these Five Bitcoin Exchanges with the Lowest Fees

Investors treat an online cryptocurrency exchange as a brokerage. It suffices for individual investments, storage of digital assets, etc. Digital currencies, tokens, etc., are the assets that come into play. However, investors also look for those Bitcoin exchanges that offer the lowest fees. Outlined below are five of them. If you are interested in bitcoin trading, check if Modern companies can pay employees with bitcoin.

Binance

Binance is famous in the U.S., Australia, Europe, and Africa. The exchange’s trading volumes are tremendous! It is because Binance deals with over 150 coins and cryptocurrencies.

It boasts of 100+ million users in 180+ countries. They flock to the exchange, even if the VIP categories display varying charges. Based upon which VIP tier the investor is, he/she may expect discounts in fees, as well as other benefits.

Suppose the trading volume for a month (30 days) is minimum at/below 50 BTC. It is maximum at/above 1500 BTC. The taker fee vacillates between 0.075% and 0.0525%. The maker fee varies between 0.0750% and 0.525%. When the investor places an order, if it is partially matched, the payment for that portion is a taker fee. The fulfillment of the rest of the order invites a maker free.

Binance is safe, for it offers the option of two-factor authentication. Investors may choose varied payment methods for purchasing/selling crypto. They include credit cards, bank accounts, and cryptocurrencies.

Kraken

This cryptocurrency exchange is highly popular in 48 states in the USA. It is equally popular in another 176 nations. Apart from supporting BTC, Kraken also lends support to 40 other digital currencies.

The crypto exchange offers several positives. To begin with, the platform is tremendously secure for trading. To date, it has never undergone hacking, since its launch in 2011. It does not permit social/copy trading.

The exchange sits at the top of the charts, as far as everyday traditional markets are concerned. People may use its mobile application for business deals. They may also utilize Kraken’s analytical tools while trading.

Payment modes for sales and purchases, include bank cards, MasterCard, wire transfers, etc.

The maker and taker fees are affordable. For 30-day monetary volumes of 40-$500,000, the maker fee is 0.16%-0.10%. The taker fee lies between 0.26% and 0.20%.

eToro

Launched in 2007, eToro has a commendable display of tradable symbols – 2361. Additionally, it offers support to 94 digital currency trading pairs. The number of indicators and charting for trading is 66.

Beginners may make use of the demo trading feature, for gaining confidence. They may also go in for social copy trading. In other words, they may duplicate the strategies utilized by experienced experts.

Apart from this, eToro also offers other platforms, such as crypto trading, CFD, exchange-traded securities, stocks, and forex. Thus, an investor may deal with multiple digital assets.

U.S. residents may expect zero-dollar commissions. All users, including North Americans, may opt for investments in fractional shares.

Deals may go through the mobile wallet application. Any trade in crypto, results in a fee of 0.75%. Converting from fiat to crypto, attracts a charge of 5%. For converting/exchanging crypto-to-crypto, the fee is 0.1%.

Abra

It is operational in over 150 countries. It deals in over 100 cryptocurrencies. It owes its popularity to the fact that Abra offers free trading. However, it generates revenue via spreading between diverse digital assets.

The choice of crypto products and crypto features is expansive. They include crypto-backed loans, interest accounts permitting earnings up to 13% on specific assets, trading over-the-counter, etc. Institutions engaged in over-the-counter deals may benefit through individual mentoring, interest-earning accounts, loans, etc.

With every trade, the trader gets 0.5% cashback. The exchange offers 2% on-hold loans. As for beginners, several guides are on hand, to educate them in the crypto trade.

Coinbase

Extremely popular since its launch in 2012, Coinbase has the license to operate in 40+ states and territories in the USA. It is a fully regulated cryptocurrency exchange.

The exchange is open to all and easy to use. Lending support to diverse coins, Coinbase provides insured custodial services.

The exchange has a highly attractive feature – high liquidity. Therefore, it proves extremely useful for day-to-day trading and short-term investments. Various platforms come into play for purchases/sales/exchanges of cryptos.

Coinbase’s charges are in alignment with the U.S. dollar. It lies anywhere between $0.99 and $2.99.

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