9 Best Zero Fee Crypto Trading Exchanges In 2023 | HedgewithCrypto

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Trading crypto can get expensive over time when the fees are taken into account. There are cheaper ways to buy crypto such as choosing a zero-fee crypto trading exchange. Using these platforms can reduce the cost of trading by allowing individuals to buy, trade, and sell Bitcoin and cryptocurrency assets without paying any fees. To help you choose an exchange to trade crypto with no fees, we have tested and compared a selection of zero-fee trading platforms so you can make an informed decision.

Best Zero Fee Crypto Exchanges For 2023

These are the best places to trade crypto without fees:

1. ByBit (overall best free crypto trading exchange)
2. Binance (best for buying Bitcoin with no fees)
3. MEXC (zero fees for spot and futures maker orders)
4. Kucoin (best for instant trades with no fees)
5. Crypto.com (good for zero-fee stablecoin trades)
6. Gate.io (solid platform with zero fees on spot and futures pairs)
7. Woo Network (best CEX/DEX with zero fees)
8. Shapeshift (free of charge crypto swaps)
9. Lykke (trading crypto without commissions)

Zero Fee Crypto Exchanges Compared

PlatformZero Fee MarketsAssets Eligible For No FeesCriteriaByBitSpot300+Limited to the spot market only (30 day promotion)BinanceSpot3Limited to BTC, ETH and BNB pairs with TUSDMEXCSpot and Futures1,588+Applies to maker orders onlyKuCoinSpot6Only 6 cryptos eligibleCrypto.comSpot5Limited to stablecoinsGate.ioSpot and Futures5+Limited to maker (spot) and BTC-M pairs (futures)WOO NetworkSpot and Futures87Must stake at least 1,800 WOO tokensShapeshiftSpot1,000+Must trade with FOX tokensLykkeSpot76Must use API

Best No Fee Crypto Exchanges Reviewed

1. Bybit – Overall Best For Paying Zero Fees On Crypto Trades

ByBit is a well-established and immensely popular derivatives trading platform for trading cryptocurrencies with leverage. The top-rated margin exchange also has established a stable and secure environment for buying and sell crypto with fiat and other digital assets on its spot exchange. Ranked within the top 20 spot exchanges in the world, Bybit’s spot exchange is a great option for existing users.

To celebrate passing over 10 million customers worldwide, Bybit is the latest cryptocurrency platform to introduce 0 fee trading on its spot exchange. While this promotion has ended, ByBit and HedgewithCrypto have partnered to extend this promotion for 30 days for all new users. Therefore, customers that sign up with a referral link can benefit from paying no fees on the exchange using both market and limit orders for any amount. Unlike Binance which limits the zero fees to the TUSD trading pair, the Bybit promotion includes zero fees across its 300+ coins across 479 trading pairs at the time of writing.

While the no-fee promotion does not include its derivatives and futures markets, users can benefit from paying no fees using its copy-trading platform, and grid trading bot. That is, Bybit traders can follow and copy the best investors and traders on the network and pay zero fees. This makes Bybit one of the best places to buy and sell crypto without fees.

Read our full ByBit review and claim up to a $30,000 deposit bonus using our ByBit referral code.

2. Binance – Best Trading Platform With Zero Bitcoin Fees

Binance is the world’s largest and most traded crypto exchange at the time of writing. As the biggest exchange in terms of trading volume and liquidity across its spot and derivatives markets, Binance is the #1 destination for new and experienced traders alike to purchase crypto with fiat or other altcoins. Binance features more than 1,664 trading pairs across 391 supported coins making it a suitable day trading platform.

There is also a derivatives market with 198 trading pairs and has a staggering 40 billion in trading volume at the time of writing, nearly double its closest competitor. Combined with low fees of 0.1% per trade and deep liquidity, Binance has historically been one of the cheapest crypto exchanges to use.

After its USA sister exchange, Binance.US offered zero-fee crypto trading, the global Binance platform cut its trading fees on July 8, 2022. Trading fees were removed across 13 stablecoins and fiat combinations. However, as of the time of writing, the Binance zero fee campaign has been cut back. The revised crypto pairs that can be traded on Binance without fees are:

• BTC / TUSD
• BNB / TUSD
• ETH / TUSD

Standard trading fees apply to Bitcoin pairs. Overall, Binance makes this list of the best crypto exchanges to trade without fees. While BUSD zero maker fee promotion excludes the BNB/BUSD, BTC/BUSD, and ETH/BUSD spot and margin trading pairs, Binance users can still enjoy no fees on 3 pairs.

Read our full Binance review and use a referral code to start trading.

3. MEXC – 0% Fees For Maker Orders

MEXC is next on our list of where to trade crypto with zero fees. The platform boasts one of the lowest fees across its spot and futures markets with zero fees for maker orders (i.e. using limit orders to provide liquidity). The no fee applies to both spot and futures markets which means traders can place leverage orders with zero fees and commissions.

This is a significant advantage when compared to other no-fee platforms such as Binance and ByBit, which have fees on their futures markets. On the other hand, MEXC is the “first-ever crypto trading platform that promises to provide 0% maker cost for futures pending orders.”

Another reason to trade with no fees on MEXC is the wide range of supported assets. There are 1,588 crypto assets and 2,500+ trading pairs in total at the time. Meaning, MEXC has one of the biggest ranges of cryptos to buy and sell without paying transaction costs if traders use pending orders. Fees will apply if they buy at market prices, which is still reasonable. Aside from spot and futures markets, MEXC also offers a broad range of features that can be used such as a demo account, leveraged tokens, copy-trade, and more.

Read our full MEXC review.

4. KuCoin – Best Exchange To Swap Crypto With No Fees

Kucoin is a popular cryptocurrency exchange that was built to cater to individuals around the globe by providing an easy-to-use platform for investors to exchange digital assets and cryptocurrencies. Established in late 2017, KuCoin has a powerful platform with over 700 cryptocurrencies listed. The vast number of quality projects listed is one of the reasons Kucoin is referred to as the best altcoin exchange in the market.

Due to the success of the trading exchange, KuCoin has since expanded to offer users the ability to purchase cryptocurrencies, trade derivatives, a robust staking platform to earn rewards, and access an NFT launch platform. There is also the option to buy crypto with more than 50 different fiat currencies such as USD, GBP, EUR, and AUD through a third party.

The well-known trading platform has launched an ‘Instant Exchange’ to provide access to the best available crypto exchange rate in the global market. Users can exchange Bitcoin, Ethereum, Litecoin, and XRP with zero-trading fees or commissions. KuCoin Convert supports 26 crypto assets that can be swapped instantly into Tether (USDT) and vice versa, without any hidden fees.

Apart from having no fees, the benefit of using KuCoin convert is that it’s beginner-friendly without the need to trade crypto on the exchange. Users can trade between coins using a simple order form and receive the swapped crypto in the ‘Main’ or ‘Trading’ wallet.

While the number of supported assets available to swap without fees is quite limited compared to the actual exchange, KuCoin convert lists the most popular assets to trade that will appeal to most users. Overall, KuCoin is a top platform to convert crypto with no fees. The secondary benefit of accessing its broad range of products and features makes KuCoin our runner-up pick for the best no-fee crypto exchange.

Read our full KuCoin review.

5. Crypto.com – Best For Trading Stablecoins With No Fees

Crypto.com is a digital asset platform that offers several cryptocurrency products and services. The exchange has seen massive growth in recent years and has over 10 million users on its platform. It is a popular cryptocurrency exchange worldwide and including in the United States. In short, it is one of the best smartphone crypto apps to get involved with crypto.

Crypto.com is continually innovating and developing new crypto services and products for its users to accelerate the adoption of blockchain technology and improve the user experience of using cryptocurrencies. Crypto.com and its suite of products offer a powerful alternative to traditional financial services that makes it easy to buy, trade, sell, earn interest on crypto, and even spend cryptocurrencies.

Crypto.com is composed of both a Crypto and Fiat Wallet. Cryptocurrencies can be purchased or sold using funds held within each wallet or through third-party credit/debit card services and one of the best fiat-to-crypto platforms to buy crypto at true cost.

In 2021, Crypto.com introduced the ability for users to trade between stablecoins without fees. Supported stablecoins such as USDC, BUSD, GUSD and TUSD can be swapped between each other on a 1-to-1 basis without any conversion or trading fees. While Tether (USDT) is currently not supported, a number of ERC-20 coins can be traded without transaction fees on the Crypto.com Exchange. Similar to KuCoin Convert, the user can select the stablecoin from their wallet and choose another stablecoin to convert to.

In short, Crypto.com is very popular in several countries around the world including the USA, Canada and Australia. Crypto.com is the major sponsor for the Australian Rules Football (AFL) league and has become one of the leading Australian crypto platforms due to its ease of use and competitive fees.

Read our full Crypto.com review.

6. Gate.io – Best For Zero Spot and Futures Fees

Gate.io is next on the list of crypto exchanges with no fees. The popular trading platform launched zero fees on September 16, 2022, across a variety of markets and trading pairs for the foreseeable future. The CEO announced no fees on hundreds of cryptocurrencies which include the BTC/USDT pair as well as all USD, BTC, and ETH currency trading pairs. The no-fee trading applies to all users that create an account with Gate.io regardless of their VIP level.

Unlike ByBit and Binance which offers zero fees on the spot pairs only, Gate.io has removed all its trading free from multiple markets. For example, customers can trade with zero fees on the spot, perpetual futures, leveraged tokens, and even its P2P trading platform. In total, there are more than 1,000 cryptocurrency pairs that can be bought and sold without fees. This is a major benefit for leverage traders that trade USD-M and BTC-M trading pairs which means Gate.io is an excellent alternative to Binance Futures and ByBit due to lower fees.

Read our full Gate.io review.

7. Woo Network – Centralized & DEX With No Trading Fees

WOO Network was launched in 2020 and offers a well-rounded platform that comprises both a centralized (WOO X exchange) and a decentralized exchange (WOOFi). This gives WOO Network the added versatility as a one-stop-trading platform for crypto investors and traders with access to spot, leverage, liquidity farming, and DeFi swaps. In addition, the trading fees on the platform can be reduced to zero.

While the starting trading fees are an economical 0.03%, WOO Network qualifies as a no-fee exchange by staking its native token, WOO. Individuals that stake 1,800 tokens can reduce the trading fees on both the spot market and futures exchange to zero. However, the benefits don’t end there. Staking more WOO tokens will offer a rebate to traders. For example, staking more than 25,000 WOO will earn a 0.0005% rebate when placing market orders.

While the disadvantage is the upfront purchase to stake WOO tokens to be eligible for zero-fee trading, WOO Network accounts for this with an advanced trading platform with several templates to suit varying levels of experience.

Read our full WOO Network review.

8. Shapeshift – Best For Swapping Crypto With No Fees

Shapeshift is a digital marketplace that was established in 2014 by Erik Voorhees that provides crypto services to users all around the world. The online exchange offers the ability to quickly swap between assets in a seamless, safe, and secure environment.

In a matter of minutes, you can instantly exchange Bitcoin for another altcoin and vice versa without any hassle. The team behind Shapeshift has recently launched a new platform to buy Bitcoin with no fees in an effort to compete with other cryptocurrency exchanges. 

To be eligible for commission free, zero spread and zero trading fees on Shapeshift, users need to hold their native FOX tokens. When you create an account, Shapeshift deposits 100 FOX tokens for free into your account.

The new Shapeshift platform allows you to:

• Create a new wallet or connect a KeepKey, Trezor or Portis wallet
• Visualize your portfolio performance through a powerful dashboard
• Trade crypto instantly and for free with over a thousand asset pairs by holding FOX tokens
• Buy crypto with your bank account
• Send, receive, and HODL your digital assets on a hardware wallet

Read our full Shapeshift review.

9. Lykke – Best No Fee Exchange For Europe

Lykke is an innovative Swiss digital exchange that offers forex, crypto and crypto index trading. The platform supports multiple fiat currencies to provide an easy on-ramp for beginner and experienced traders to enter the cryptocurrency market that can be traded against base pairs such as Euro, GBP, CHF and USD.

There are several crypto-to-crypto swap services, however, these do incur a small trading fee. Lykke differs by allowing traders on its platform to swap and exchange any cryptocurrencies instantly without paying any fees.

Lykke provides a way for crypto investors to diversify their portfolio and purchase the LyCI index token which follows the price behavior of the major cryptocurrency assets. The index comprises 59% Bitcoin and 24 popular altcoins. The exchange can be funded directly with fiat currency that can be converted to digital currencies and exchanged for altcoins with zero fees.

Read our full Lykke review.

How To Trade Crypto With No Fees

To trade cryptocurrency without fees or commissions, follow these simple steps:

1. Register a new account with Binance that offers no-fee crypto trading
2. Search for Bitcoin or another cryptocurrency you want to buy, trade or sell
3. Enter the amount of crypto to buy or sell against another coin
4. Click on the ‘Buy’ or ‘Sell’ button to complete the trade without fees

Frequently Asked Questions

Most trading platforms make money by charging trading fees. However, there are ways the fees can be avoided. The best method is to simply use a crypto exchange that doesn’t charge fees for specific products. For example, those that want to trade Bitcoin without fees can use Binance, Phemex, ByBit and Gate.io which have zero fees.

Trading fees and commissions eat into your profits over time without realizing it and make a difference in your long-term wealth, particularly if making frequent trades. A zero-fee crypto exchange can retain a small percentage of profits without fees eating away at your capital on each trade.

The best way to buy Bitcoin without trading fees is to use a cryptocurrency platform that offers zero fees and commissions in addition to the spot market price. Exchanges such as Binance and ByBit allow users to deposit cryptocurrency and stablecoins which can be instantly exchanged without fees or spread charges.

Conclusion

Crypto exchanges are perfect for traders and scalpers to capitalize on the volatile market and take advantage of small price movements throughout the day. The introduction of zero-fee trading exchanges provides an actionable way to reduce crypto trading fees and benefit traders to cut down on costs.

Kevin Groves

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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