GDAX charge zero maker fees and I thought it is a common practice until I realise many other exchanges charge a fee around %. What are other exchanges that has zero maker fees? Kraken (good for bank wire) is one of the oldest cryptocurrency exchange, being on the market since , their low fees and high liquidity is a great place for USD and EUR bitcoin markets. They also offer margin trading options for those who are looking for more than buying and holding bitcoins. Jul 30, · In fact, a $, maker order on Gemini would pay more fees than a $5,, maker order on Bitfinex, FTX, or Kraken. Coinbase Pro is also fairly expensive. At a taker fee of % in the $10,, category, Coinbase is one the least cost-effective exchanges for large traders.
Bitcoin exchange with no maker feesSwiss Firm Launches 'No-Fee' Bitcoin Exchange-Traded Product on Nordic Growth Market - CoinDesk
Sign up to join this community. The best answers are voted up and rise to the top. Click here to start trading on Binance. Bitfinex charges a bit more than Binance.
The exchange charges a constant 0. Bitfinex has a tiered fee structure. All deposits are free, except bank wires which are charged at the greater of either 0. Withdrawals are also subject to a fee depending on the currency being withdrawn, or the transfer type.
Orders placed which hit a hidden order will always be charged the maker fee. Hidden orders are always charged the taker fee. Kucoin aims to always offer very low fees, both for trading and withdrawals, making it affordable to use this exchange.
There is no fee to make a deposit , apart from this benefit, their fee structure of trading is rather cheap with only 0. The fees for a withdrawal depend on the cryptocurrency in question, but some are free from fees, including GAS and NEO. Others have incredibly low fees, such as BTC at just 0. It is important to note that almost ninety percent of the total trading fees are returned to users in one way or another, with Kucoin retaining only 10 percent of trading service fees.
GDAX does not charge for deposits or withdrawals. However, CEX. One of the biggest complaints users have about CEX. This means that the high want to do a direct purchase with CEX. The exchange also supplies trading services in which different fees will apply.
To keep the connection between the trading volume and the charges imposed on the users. The summary of the fee structure is as given below:. Kraken is one of the prominent Bitcoin exchange accepting fiat currencies like Euro. The model will give the clients a simpler and reduced fee structure. The taker fee goes as low as 0. The maker fee is applicable to situations where the trader provides liquidity to the order book by ordering a buying limit below the market price or a selling limit above market price.
Obviously, trading volume is one of the most important aspects as it determines exchange liquidity. Another important thing to keep in mind is security. Crypto exchanges usually have a wallet through which a user can conduct transactions. Moreover, there are several other things to pay attention to when it comes to the security of crypto exchanges.
In addition, the crypto exchange must provide multi-factor authentication for login. Multi-factor authentication means that the user has to complete a two-step process to confirm their identity. In addition to the username and password, 2FA requires one more piece of evidence, such as a PIN Code, a fingerprint scan, or a code texted to their smartphone.
This is standard on the most secure cryptocurrency exchanges. Aside from trading volume and security, price is one of the most important factors when it comes to choosing a crypto exchange. So how do exchanges calculate trading fees? Makers are those users that provide liquidity, i.
A maker is a user that places an order to buy cryptocurrency at a specific price, which is below the market price, or an order to sell cryptocurrency above the market price.
These orders usually take longer to be completed as there is a smaller chance for a matching order. They include those that place orders that are fulfilled immediately at market prices. Crypto exchanges usually charge makers very small fees, or, in many cases, offer rebates to makers when their orders are fulfilled. In addition, crypto exchanges can charge deposit and withdrawal fees, which vary depending on the source of your funds.
For example, how Coinbase makes money depends on a fee structure that varies depending on whether your USD comes via direct deposit or a credit card. Crypto exchanges and other exchanges, such as for stocks, commodities, etc. Fees usually vary depending on the exchange, crypto and fiat currencies, and the size of the transaction.
Usually, crypto exchanges can charge a flat fee, which is the same disregarding the size of the transaction. It can also be a percentage of the value of the transaction or a combination of both. They allow the exchange to survive, pay salaries to tech support and provide customer services. In addition, fees allow crypto exchanges to invest in infrastructure, which makes them more secure, faster and allows including more cryptocurrency and fiat trading pairs.
Some exchanges like Bithumb even give back some of their fees. By charging lower fees, they win more customers and get more revenue as a result.
Nevertheless, there are several crypto exchanges that charge very low fees, have solid trading volume, and are generally ranked among the best. Coinbase is a crypto exchange and a crypto wallet that claims to have over 20 million users. The California-baed company was founded in and currently covers 33 countries around the world, despite a recent decline in activity.
Coinbase includes a spread of 0. For example. In addition, it charges a Coinbase Fee, which can be either a flat fee or a variable fee that depends on the region and type of payment used. BitMEX is another platform that allows trading crypto and blockchain applications. For example, users can buy and sell a variety of Bitcoin and Ethereum products such as futures contracts.
These allow for the buying and selling at prices agreed now, but delivered and paid for at a later date. Additionally, BitMEX offers upside and downside contracts, with which a trader can profit from the increase or decrease in the value of the cryptocurrency. BitMEX also offers margin trading.