Best Zero Fee Crypto Exchanges to Buy Bitcoin & Cryptos in 2024

If you are a cryptocurrency trader, you know how important it is to minimize your trading costs. Every time you make a transaction, you have to pay a fee to the exchange. This trading fee can reduce your profits or increase your losses. 

However, some cryptocurrency exchanges offer no-fee trading, which means you can buy and sell cryptocurrencies with zero fees or pay low commissions. In this article, we will explore some of the best zero fee crypto exchanges and their pros and cons.

Key Takeaways:

1. The best zero-fee crypto exchanges 2024 are MEXC, Binance, Bybit, Lykke, and Deribit due to no trading fees, strong security measures, and high liquidity.
2. You should use zero-fee crypto exchanges to save on trading costs, maximize your investment profits, and reduce losses.
3. To use zero-fee crypto exchanges effectively, carefully compare platform features, be aware of potential hidden costs like withdrawal fees, and always prioritize security by using strong authentication methods.

List of the Best Zero Fee Crypto Exchanges to Buy Crypto in 2024

We have tested over 20 popular crypto trading platforms with low fees or zero fees. Here is our list of the top 5 best zero-fee crypto exchanges:

• MEXC: Zero Maker Fee Crypto Trading Platform
• Binance: Cheapest Fiat-to-Crypto Exchange
• Bybit: Lowest Fees Derivatives Platform
• Lykke: No-Fee Cryptocurrency Exchange in the UK
• Deribit: Buy Bitcoin Without Fees in Spot Market

1. MEXC: Zero Maker Fee Crypto Trading Platform

MEXC offers zero maker fees for spot trading, and the taker fee is only between 0.01% and 0.02%, which is much lower than other platforms. This trading platform also has competitive spreads and liquidity, allowing you to trade easily and efficiently.

MEXC also supports various trading options such as spot trading, margin trading, futures, copy trading, and more. The trading exchange has listed more than 2500 coins/tokens with around 2910 trading pairs, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkado (DOT), Avalanche (AVAX), and other popular altcoins. 

Additionally, MEXC provides a Kickstarter feature that allows users to join the initial exchange offerings (IEOs) of new and promising projects. You can vote for your favorite projects and get tokens as airdrops. MEXC also uses multiple security measures, such as cold wallets, multi-signature, anti-DDoS, SSL encryption, and more, to protect your funds and data.

Pros of MEXC

• Lowest trading fees and zero-fee spot trading when compared with other exchanges.
• It supports more than 2500 digital assets
• Advanced trading features for experienced traders
• OTC trading portal for high-volume crypto traders
• Highly secure exchange with cold storage

Cons of MEXC

• No direct fiat withdrawals to bank account
• The P2P trading portal supports only 3 fiat currencies (VND, RUB, and KRW)

2. Binance: Cheapest Fiat-to-Crypto Exchange

Binance is another one of the cheapest trading platforms for digital asset trading. This exchange provides low trading fees from 0.1% to 0.012% for maker/taker. This discounted trading fee depends on how much you trade and how much BNB (Binance’s native coin) you have. You can use your BNB to pay fees, join token sales, and get other benefits on the crypto exchange. Notably, you can get a 25% discount on trading fees if you pay with BNB.

Binance is more than just a crypto exchange. It is also a place for crypto-related activities and innovations. You can make passive income by lending, staking, or saving your crypto assets on Binance Earn. 

Plus, you can also discover the world of NFTs (non-fungible tokens) by opening mystery boxes, joining initial game offerings (IGOs), buying fan tokens, and more on Binance NFT.

Pros of Binance

• Advanced crypto trading features such as margin trading and leverage trading
• Top NFT marketplace for artists on the BNB chain
• Binance offers high-volume trading without any price slippage due to high liquidity
• Low exchange fees for high-volume and institutional traders

Cons of Binance

• Only support established and large market cap coins for trading
• Separate Binance.us exchange for U.S. traders with fewer features

3. Bybit: Lowest Fees Derivatives Platform

Bybit lets you trade digital assets in various markets, such as spots, futures, options, and NFTs. The trading service provided by Bybit is fast, safe, and easy to use. The exchange has many features to help you trade better. You can use ByStarter, Copy Trading, Trading Bot, Bybit Card, and Bybit Web3.

With Bybit, you can get the best market prices for buying and selling crypto without any liquidity issues and price slippage. You pay low fees of 0.1% maker and taker for spot trading. It can be as low as 0.005% maker and 0.015% taker for high-volume traders. The fees for the futures market range from 0-0.02% maker and 0.018-0.055% taker. It decreases based on 30-day trading volume and VIP levels. You can see the full Bybit fee structure here.

Bybit also offers free crypto sign-up rewards to their users. It gives you bonuses, rebates, cashback, prizes, and mystery boxes. You can earn more rewards by trading, staking, copying, or joining events on Bybit. You can use the Bybit Card to pay with crypto anywhere and get 5% cashback. Bybit cares about your privacy and security. It uses cold wallets, encryption, authorization controls, and real-time monitoring to protect your funds.

Pros of Bybit

• Bybit supports over 1200 cryptocurrencies, including low-cap altcoins.
• The exchange is available in more than 160 countries
• Bybit offers margin and futures trading with up to 100x leverage
• Easy-to-use crypto trading platform for beginners
• Lowest fees for high-volume traders

Cons of Bybit

• Not available in the United States
• There are no direct fiat-to-bank withdrawals

4. Lykke: No-Fee Cryptocurrency Exchange in the UK

Lykke is a fee-free platform for trading cryptocurrencies in the UK. Traders can begin with as little as $1, with no charges for maker or taker trades. The platform supports more than 20 cryptocurrencies, including major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as fiat-to-crypto options involving EUR, USD, GBP, and CHF.

Lykke is particularly appealing for its staking feature, offering daily rewards of up to 5% on Ethereum and Cardano assets. Advanced users can take advantage of the exchange’s high-frequency trading (HFT) capabilities and API connections, all while benefiting from its zero-fee structure. The platform maintains stringent security through KYC and AML compliance measures.

Pros of Lykke

• It supports fiat on-ramp and off-ramp
• The cheapest trading platform for traders of all levels
• High security with multi-layer protection
• Mobile app for convenient trading

Cons of Lykke

• Only support 20 crypto assets
• Not available in many jurisdictions, such as the United States, China, Japan, etc.

5. Deribit: Buy Bitcoin Without Fees in Spot Market

Deribit is a leading crypto exchange known for offering derivatives such as options, futures, and perpetual contracts, mainly for Bitcoin (BTC) and Ethereum (ETH). Based in Panama, the platform has established itself with a focus on providing low-latency trading and deep liquidity for institutional and retail users.

Deribit also expanded its services with the introduction of zero-fee spot trading. This feature allows users to trade BTC/USDC, ETH/USDC, and ETH/USDT pairs without any maker or taker fees, aiming to enhance liquidity and reduce trading costs. The fee model is designed to be straightforward, as it doesn’t include volume discounts, ensuring transparency for all traders.

Pros of Deribit

• Offers spot trading with no maker or taker fees
• 0% fees for perpetual futures maker orders
• Wide range of options and futures contracts, including BTC and ETH
• Highly secure with multiple safety measures

Cons of Deribit

• Limited selection of coins and tokens
• Mainly focuses on the futures and options trading market

How to Choose the Best No-Fee Exchange?

When picking a no-fee crypto exchange, look at a few key things:

• Coins offered: Check if the exchange has the cryptocurrencies you want to trade.
• Ease of use: The website or mobile app should be simple to understand and use, especially for beginners.
• Liquidity: Higher trading volume means it’s easier to buy and sell crypto quickly at fair prices.
• Withdrawal options: See how you can take out your money or crypto, and if there are any limits.
• Reputation: Read what other users say about the exchange online. You can check review sites and community forums.
• Hidden costs: Even if there are no trading fees, check for other possible charges like deposit or withdrawal fees.

How To Trade Crypto Without Fees?

Trading crypto without fees is possible by using zero-fee trading exchanges like MEXC. Here’s a guide to creating an account on MEXC:

Visit the MEXC Website: Go to the official MEXC website.

Sign Up: Click on the “Sign Up” button. You will need to provide your email address and create a password.

Verify Your Email: Check your email for a verification link from MEXC. Click on the link to confirm your email address.

Deposit Funds: Once your account is set up, you can deposit funds. Now, go to “Wallets” and click “Deposit”. MEXC offers various options, including cryptocurrency deposits and P2P transfers.

Start Trading: After funding your account, you can begin trading. You can choose between spot and futures market based on your needs. Choose a trading pair like BTC/USDT, ETH/USDT, or SOL/USDC. Now, click on “Buy’ or “Sell’ to confirm the order.

Why You Should Try to Use the Zero-Fee Crypto Exchanges to Buy Bitcoin and Crypto?

Choosing zero-fee crypto exchanges to buy Bitcoin can significantly enhance your trading experience. These platforms eliminate extra costs, allowing you to maximize your investments. With no transaction fees, you can trade more frequently and respond to market shifts without concern. 

Here are several advantages of using commission-free crypto trading platforms:

• Cost savings: Crypto exchange with no fees allows you to trade without paying additional transaction fees. This means you get more value for your money.
• More trading opportunities: Without fees, you can afford to make smaller, more frequent trades. This gives you the flexibility to react to market changes without worrying about losing money to fees.
• Increased profits: By avoiding fees, you keep more of your potential profits. This is especially important for crypto day traders, as regular fees can add up over time and eat into gains.
• Accessible for beginners: New traders can start with smaller investments without the burden of fees, making it easier to learn and experiment in the crypto market.
• Diversification: Zero-fee exchanges make it easier to spread your investment across different cryptocurrencies since you aren’t paying fees for each transaction.

Pros of zero-fee crypto exchanges

• Cost savings: You keep more of your profits without paying trading fees.
• More frequent trading: Day trading can be more profitable without fees on frequent orders.
• Attractive for beginners: New traders can experiment without worrying about fees eating into small trades.
• Competitive edge: These exchanges often attract more users, potentially increasing liquidity.
• Simplified calculations: No need to factor in fees when determining profit/loss.
• Encourages market participation: Lower barriers to entry can increase overall market activity.

Cons of zero-fee crypto exchanges

• Hidden costs: Exchanges may make money through wider spreads or higher withdrawal fees.
• Limited features: Some no-fee exchanges offer fewer tools or cryptocurrencies to offset costs.
• Security concerns: Free services might invest less in security measures.
• Less customer support: To cut costs, these exchanges may offer reduced customer service.
• Potential for market manipulation: Zero fees can enable practices like wash trading, affecting price accuracy.

The Best No-Fee Crypto Exchanges Compared

Conclusion

In conclusion, choosing the best zero-fee crypto exchange depends on your personal preferences. There are many options available in the market, each with its own advantages and disadvantages. The best zero fee crypto exchanges are MEXC, Bybit, Binance, Lykke, and Deribit. 

These exchanges offer a variety of features, such as high liquidity, low spreads, advanced trading tools, and customer support. However, they also have some drawbacks, such as limited withdrawal methods, regulatory uncertainty, and availability of coins. Therefore, you should always do your own research and compare different platforms before making a decision.

FAQs

Which crypto exchange does not charge fees?

MEXC, Binance, Bybit, Lykke, and Deribit are some of the best crypto centralized exchanges that do not charge trading fees for buying Bitcoin or other cryptocurrencies. But remember, some exchanges only have zero fees for some pairs, markets, or order types.

What crypto exchanges have the lowest fees?

MEXC is one of the top crypto exchanges with the lowest fees in the crypto industry. It has 0% fees for maker orders on the spot market. The taker fee is also very low, ranging between 0.01-0.02%%.

Are no-fee crypto trading exchanges safe?

Yes, no-fee crypto trading exchanges can be safe, but it’s essential to do thorough research. Check for security features like two-factor authentication and encryption. Also, ensure that these crypto apps with no fees are regulated and have a good reputation in the crypto community. While low fees are attractive, prioritize safety to protect your investments.