5 Finest Zero Price Crypto Exchanges to Purchase Bitcoin in 2024

Cryptocurrency buying and selling has turn out to be extra accessible because of the rise of zero-fee exchanges. These platforms assist you to purchase and promote digital property with out paying buying and selling charges. This information will discover the perfect zero-fee crypto exchanges that allow you to commerce crypto totally free. 

We’ll have a look at how these no-fee crypto platforms work. Whether or not you wish to purchase Bitcoin with out charges or commerce different cryptocurrencies, these exchanges supply a cheap method to enter the market. We’ll examine their options, safety measures, and consumer experiences that can assist you select the proper platform.

Key Takeaways:

1. The most effective zero-fee crypto exchanges are MEXC, Binance, Lykke, Phemex, and Deribit, every providing distinctive options and low or no transaction prices.
2. MEXC is our high no-fee buying and selling platform, offering 0% charges for spot and futures buying and selling with a variety of supported new altcoins.
3. When selecting a no-fee crypto buying and selling change, think about components like safety, supported cash, consumer expertise, and deposit/withdrawal strategies.

Finest No-Price Crypto Exchanges and Buying and selling Platforms: Our High Picks

Now we have reviewed greater than 15 least expensive crypto exchanges and in contrast them based mostly on their charges, buying and selling options, safety measures, consumer interface, and extra. Right here is our listing of the highest 5 zero-fee crypto exchanges:

1. MEXC: Zero maker price crypto buying and selling platform
2. Binance: Least expensive fiat-to-crypto change
3. Lykke: No-fee cryptocurrency change within the UK
4. Phemex: Lowest transaction price crypto change
5. Deribit: Purchase Bitcoin with out charges within the spot market

1. MEXC: Zero Maker Fee Crypto Trading Platform

MEXC stands out as a number one zero-fee crypto change within the digital asset market. For spot buying and selling, each makers and takers get pleasure from 0% charges, making it actually cost-free to purchase and promote cryptocurrencies. Futures merchants additionally profit from aggressive charges, with 0% maker charges and a low 0.01% taker price.

Based in 2018, MEXC has grown quickly, serving 10 million customers globally. The change helps over 2,500 cryptocurrencies, giving merchants a variety of altcoins and area of interest tokens. It additionally offers entry to identify, futures, margin, and duplicate buying and selling. MEXC’s consumer interface is designed to be user-friendly, making it straightforward to navigate for merchants in any respect ranges.

For safety, the change employs multi-signature wallets, chilly storage for many consumer funds, and PoR audits to guard consumer property. It additionally provides two-factor authentication (2FA) and anti-phishing codes to reinforce account safety. You possibly can learn our full MEXC review for an in depth overview.

Execs of MEXC

• 0% charges for spot and futures makers, with very low taker charges
• Helps a variety of cryptocurrencies
• Quick transaction speeds and excessive liquidity
• Robust safety measures
• Consumer-friendly interface, appropriate for all expertise ranges.

Cons of MEXC

• Restricted fiat deposit and withdrawal strategies
• Not obtainable for U.S. merchants

2. Binance: Cheapest Fiat-to-Crypto Exchange

Binance is one other best choice amongst zero-fee crypto exchanges. The change prices no deposit charges, making it straightforward for customers to fund their accounts. Binance additionally provides a no-fee “Convert” function. It permits you to convert between fiat-to-crypto, or between crypto-to-crypto, with zero charges. This implies you’ll be able to simply swap Bitcoin (BTC) for Tether (USDT) or vice versa with out incurring any transaction prices.

For spot crypto buying and selling, Binance prices a aggressive price of 0.1% maker/taker. Nonetheless, the change offers further incentives for customers. Holders of Binance Coin (BNB), the platform’s native token, obtain a 25% low cost on buying and selling charges. Excessive-volume merchants can get pleasure from even decrease charges, with reductions growing based mostly on buying and selling exercise and BNB holdings.

Based in 2017, Binance has rapidly turn out to be the world’s largest cryptocurrency change by buying and selling quantity. As of 2024, it handles over $20 billion in daily trading volume and boasts greater than 210 million registered customers worldwide. Right here is our full Binance review.

Execs of Binance

• Low buying and selling charges with further reductions
• SAFU insurance coverage fund
• Superior security measures, together with 2FA and chilly storage
• Excessive liquidity, guaranteeing quick trades and 0 worth slippage
• Intensive vary of merchandise, together with spot, futures, and staking

Cons of Binance

• Separate Binance.US platform for U.S. customers with fewer buying and selling options
• Superior options will be difficult for rookies

3. Lykke: No-Price Cryptocurrency Alternate within the UK

Lykke is the most affordable crypto change within the UK that provides a gorgeous buying and selling portal with no commissions on swaps and buying and selling. This platform permits you to commerce Bitcoin and Ethereum with out worrying concerning the typical charges that may eat into your income. Lykke’s fee-free construction applies to each taker and maker charges.

One of many key advantages of utilizing Lykke is the low spreads between purchase and promote costs. This ensures you could execute trades near the precise market worth. Moreover, Lykke offers zero charges for fiat deposits and withdrawals. The change helps quite a lot of fiat currencies, together with EUR, CHF, GBP, and USD, and permits direct financial institution transfers for deposits and withdrawals.

Lykke additionally provides stable liquidity and top-notch safety, complying with KYC and AML requirements. You possibly can entry Lykke’s providers in over 120 nations, making it a globally accessible platform for crypto buying and selling.

Execs of Lykke

• No buying and selling charges, making it cost-effective for all customers
• Low buy-sell spreads
• Helps each cryptocurrency and fiat transactions
• Affords high-frequency and algorithmic buying and selling assist with sturdy API integration
• Offers 24/7 buyer assist and adheres to KYC and AML compliance

Cons of Lykke

• Solely 20 cryptocurrencies are supported for buying and selling
• Lacks superior options like staking or lending

4. Phemex: Lowest Transaction Price Crypto Alternate

Phemex is one other distinguished zero-fee cryptocurrency change within the digital asset market. This platform operates on a novel no-fee mannequin that eliminates buying and selling charges for its premium members. As an alternative of charging per transaction, Phemex provides a subscription-based service.

You possibly can select from three premium membership tiers: month-to-month at $9.99, quarterly at $19.99, or yearly at $69.99. Premium members get pleasure from a number of advantages past fee-free buying and selling. They will make hourly withdrawals with out limits and set conditional spot orders. The zero-fee buying and selling mannequin applies to substantial buying and selling volumes. Premium members can commerce as much as $1 million day by day and $5 million month-to-month with out incurring charges. Trades exceeding these thresholds are topic to an ordinary 0.1% price.

Phemex additionally helps zero-fee crypto deposits and fiat deposits by SWIFT, ACH, SEPA, and FPS. The change has the bottom 0.8% charges for credit score and debit card purchases. It helps all common cryptocurrencies and provides each spot and derivatives buying and selling. Phemex additionally offers instructional assets and a user-friendly interface, making it accessible to merchants of all expertise ranges.

Execs of Phemex

• Zero-fee spot buying and selling obtainable with a premium membership
• Excessive-leverage futures buying and selling, as much as 100x
• Consumer-friendly interface with a fast sign-up course of
• 24/7 buyer assist with a responsive group
• Helps a variety of cryptocurrencies for buying and selling

Cons of Phemex

• Decrease liquidity for some buying and selling pairs in comparison with bigger crypto exchanges
• Buyer assist will be gradual typically

5. Deribit: Purchase Bitcoin With out Charges in Spot Market

Deribit is usually identified for low-cost futures and choices buying and selling. However, the change additionally helps zero-fee spot buying and selling. On the spot market, Deribit prices 0% maker and 0% taker charges, guaranteeing that merchants should buy and promote cryptocurrencies with out incurring any further prices. 

For perpetual futures contracts, Deribit maintains extremely aggressive charges. Merchants profit from 0% maker charges, encouraging liquidity provision on the platform. Taker charges for these contracts are set at a low of 0.05%.

Deribit provides a variety of crypto buying and selling merchandise, focusing totally on Bitcoin and Ethereum derivatives. The change boasts a formidable lineup of futures and choices contracts, attracting each skilled merchants and newcomers to the crypto derivatives market.

Execs of Deribit

• Excessive-leverage buying and selling on Bitcoin and Ethereum futures and choices
• Very low buying and selling charges, with rebates obtainable for market makers
• 104+ perpetual futures buying and selling pairs
• Quick and dependable buying and selling engine with on the spot order execution
• Place Builder, Deribit Metrics, and different top-notch analytic instruments

Cons of Deribit

• Canada and the US are restricted
• Restricted liquidity within the spot market

High Zero Price Crypto Exchanges In contrast

How one can Select the Finest No-Price Alternate?

Selecting the perfect no-fee crypto change requires cautious consideration of a number of components:

1. Zero-Price Shopping for and Promoting: The change should assist no-fee crypto buying and selling. You possibly can test for its buying and selling charges, deposit charges, withdrawal charges, or service charges. 
2. Safety Measures: Search for platforms that use chilly storage, supply two-factor authentication, PoR transparency, and have a powerful observe document of defending consumer funds.
3. Fame: Learn opinions and test if the change has a historical past of fine customer support and reliability. Trusted exchanges are much less more likely to have points.
4. Consumer Expertise: Select an change with a user-friendly interface. It ought to be straightforward to navigate, particularly if you’re new to buying and selling. Search for clear directions and useful assets.
5. Number of Crypto Property: Make sure the zero-fee crypto change provides the digital property you wish to commerce. Some exchanges have a wider vary of cash and tokens than others.
6. Liquidity: Excessive liquidity means you should buy or promote property rapidly with out affecting the market worth an excessive amount of. That is vital for getting truthful costs and finishing trades swiftly.
7. Deposit and Withdrawal Choices: Test the strategies obtainable for depositing and withdrawing funds. Search for choices which are handy and have low or no charges.

How To Commerce Crypto With No Charges?

Right here’s find out how to commerce crypto with no charges:

• Select a Zero-Price Alternate: Begin by creating an account on a crypto change that provides zero-fee buying and selling or zero-fee markets, resembling MEXC, Binance, or Deribit. These exchanges are identified for offering numerous buying and selling pairs with no charges or very low crypto buying and selling charges.
• Full KYC: KYC stands for “Know Your Buyer”. This course of helps exchanges adjust to laws and stop fraud. Submit the required paperwork, which generally embody a government-issued ID (passport or driver’s license) and proof of tackle (utility invoice or financial institution assertion).
• Deposit funds: As soon as your account is verified, navigate to the “Deposit” or “Funds” part. Select your most well-liked deposit technique (financial institution switch, bank card, or cryptocurrency). Observe the directions to switch funds to your change account. Concentrate on any deposit charges or minimal deposit quantities.
• Commerce crypto with out charges: Search for buying and selling pairs that provide zero charges. These are sometimes listed as “0% maker/taker charges” or “fee-free buying and selling”. Place your order utilizing the change’s buying and selling interface. Select between market orders (on the spot execution at present worth) or restrict orders (execution at a particular worth). Monitor your trades and regulate your technique as wanted.

Conclusion

In a nutshell, zero-fee crypto exchanges have revolutionized cryptocurrency buying and selling by eliminating transaction prices, making it simpler for people to enter the market. These no-fee buying and selling platforms, resembling MEXC, Binance, Deribit, Phemex, and Lykke, supply numerous advantages, together with cost-effective buying and selling, sturdy safety measures, and user-friendly interfaces. 

Nonetheless, it’s important to contemplate components like liquidity, supported cryptocurrencies, and security measures when selecting the perfect zero-fee platform for buying and selling.

FAQs

How do zero-fee exchanges work?

Zero-fee buying and selling crypto exchanges function by using various income fashions to compensate for the absence of buying and selling charges. They could earn earnings from providers like margin buying and selling, withdrawal charges, itemizing charges, or different premium options provided on the platform. 

Some centralized exchanges earn cash by taking a small unfold between the purchase and promote costs of property. Others use a maker-taker mannequin the place market makers obtain rebates for offering liquidity, whereas takers pay a small price. Plus, zero-fee exchanges may generate income by partnerships, itemizing charges for brand new cryptocurrencies, or by providing ancillary providers resembling lending or staking.

Are not any-fee crypto buying and selling exchanges secure?

Sure, no-fee crypto buying and selling exchanges are secure to make use of. Security is determined by the change’s safety measures, resembling two-factor authentication, chilly storage for funds, and encryption protocols. 

Whereas the absence of buying and selling charges is interesting, it doesn’t essentially point out a scarcity of safety. Some exchanges use zero-fee buying and selling as a technique to draw extra customers and enhance liquidity, slightly than compromising on security.

What are the perfect locations to commerce crypto with out charges?

Among the greatest locations to commerce crypto with out charges embody MEXC, Binance, and Lykke. MEXC provides zero charges for each makers and takers in spot buying and selling, making it a best choice for cost-conscious merchants. 

Binance offers a no-fee “Convert” function, permitting customers to swap between cryptocurrencies with none transaction prices. Lykke, a UK-based change, additionally provides fee-free buying and selling for each crypto and fiat transactions, with the additional benefit of low spreads between purchase and promote costs.

Which crypto change has the bottom Bitcoin buying and selling charges?

MEXC is understood for providing a few of the lowest Bitcoin buying and selling charges available in the market. For spot buying and selling, MEXC offers a real zero-fee expertise for each makers and takers, that means you should buy and promote Bitcoin with none transaction prices. 

This makes MEXC a gorgeous possibility for merchants seeking to decrease their bills. Plus, MEXC provides low charges for futures buying and selling, with a 0% maker price and a minimal 0.01% taker price.