Looking at fees, KuCoin does not charge deposit fees for most cryptos.
Withdrawal fees, however, vary depending on the cryptocurrency that users are planning to withdraw and the network they opt for.
With respect to trading fees, KuCoin charges trading fees for every completed trade.
The rates differ across various categories. Some of the factors that affect these fees are maker or taker status, VIP level, trading pair the investor opts for, etc.
KuCoin fees are competitive: with spot trading starting at just 0.1% for both makers and takers.
For futures trading, fees are 0.02% for makers and 0.06% for takers.
Overall, KuCoin has very low trading fees, rewards regular traders, has a wide range of tokens, is popular among international users and is great for advanced trading options.
Our verdict: 4 on 5.
Fee transparency is another point in ChangeNOW’s favor.
There are no hidden fees or charges that pop up at the very last minute.
All costs are built into the rate shown upfront, with no additional charges post-swap.
ChangeNOW offers both fixed and floating rate modes, with no hidden fees.
With the floating rate mode, clients can currently get the lowest fee per exchange on the market.
The deposit fee when directly transferring coins to users’ account is non-existent, however, each crypto has minimum deposit requirements.
Withdrawal fee for crypto is determined by network conditions.
Binance modifies the prices based on how busy the network is.
As for trading fees, Binance calculates its trading fees on a per-transaction basis, which means the amount is a percentage of the trade’s total value.
And the fees fluctuate across trading categories.
Spot, margin, futures, options, NFT, P2P, and fiat trading, all have their own different fee plan.
Maker-taker fees on Binance starts at 0.1% or lower, with discounts for using BNB tokens.
Binance often conducts massive promotions and reward offers that can lower fees in the different trading categories mentioned above.
Binance Spot fees are set at a standard rate of 0.1% for regular users, and this is the rate for makers and takers.
Similar to the spot trading fees, Binance margin trading fee structure adopts the same maker-taker model.
The maker-taker fees start at 0.1%.
Nevertheless, with rewards and promotions, that pretty much always runs on Binance, the rates can be further cut down.
Our rating: 4 on 5.
Kraken advertises fees as low as 0% on its website.
Kraken uses a maker-taker fee schedule with volume incentives based on trader activity in the past 30 days.
Its fee schedules are built to encourage traders to engage with the market and to drive maximum liquidity.
Kraken’s deposit and withdrawal fees vary depending on the specific currency and chosen payment method.
VIP benefits can be accessed quicker with less trading volume, bringing down the maker fees to 0.08%.
At higher tiers, Kraken brings that down to the advertised 0%.
Overall, with a transparent fee structure, low spreads and trading fees, strong regulatory compliance and security, Kraken is a good option for both spot and futures traders.
Our verdict: 3.5 on 5.
Bybit’s fee structure is similar to that of Binance.
The platform makes use of a similarly built tier system that provides users with discounts, rewarding them for their trading activity.
On Bybit, traders become part of a particular VIP level by either having a certain asset balance or attaining a previously-set trading volume in the past 30 days.
0.1% fee for both makers and takers on spot trades, 0.055% for takers and 0.02% for makers on perpetual and futures.
Bybit goes charge-free for adding assets to accounts.
Regarding withdrawal costs, the cost varies just as in the other exchanges discussed above.
Our verdict: 3.5 on 5.
Conclusion: Hidden charges and exorbitant fees are a concern deterring new users from entering the crypto space.
However, not all crypto exchanges are heavy on the pocket.
ChangeNOW offers both fixed and floating rate modes, with no hidden fees.
KuCoin has very low trading fees, rewards regular traders, and has a wide range of tokens.
Binance runs various promotions and reward systems to bring down fees.
Kraken offers a convenient tiered fee structure.
And Bybit keeps things simple with flat fees and a smart VIP program.
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