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2022 Crypto-Exchange Fee Comparison

In the fast-moving world of cryptocurrency, it can be tough to keep up. One area of particular complexity is exchange fees, as many exchanges hide fee structures in the fine print and confuse users with overlapping fee structures and discounts.

Chandan Lodha

July 22, 2022 · 5 min read

In the fast-moving world of cryptocurrency, it can be tough to keep up. One area of particular complexity is exchange fees. Crypto traders have an array of options to choose from when trading, but many exchanges hide fee structures in the fine print and confuse users with overlapping fee structures and discounts. The good news is we built CoinTracker to make it easy for you to track your coins, trades, and fees across multiple wallets and exchanges.

Full list of crypto exchanges supported by CoinTracker.

Types of crypto exchange fees

Cryptocurrency exchanges charge fees on different types of user behavior:

Trading Fees

The primary source of revenue for exchanges. They are typically charged on both fiat-crypto trades as well as crypto-crypto trades.

Deposit/Withdrawal Fees

Some exchanges charge fees for deposits and/or withdrawals. Deposit fees vary based on the type of deposit but are less common than withdrawal fees since exchanges want to incentivize users to fund their account. For cryptocurrency withdrawals, many exchanges limit fees to any blockchain transaction costs (usually a flat fee regardless of the amount withdrawn), but some will take an additional fee based on your country or the type of withdrawal (crypto vs fiat)

Interest/Borrowing/Liquidation Fees

Some exchanges like Kraken, Poloniex, and Bitfinex offer crypto margin trading: the ability to borrow or synthetically borrow additional funds to increase your position and create leverage. These exchanges typically charge additional fees based on the amount borrowed on margin and an interest rate determined by the supply of funds available. Additionally, if your trade goes upside down and the position is liquidated you may be charged an additional fee.

Low Fees & Discounts

Market Makers & Volume Discounts

Many exchanges offer lower trading fees to “market makers”, traders placing limit orders instead of market orders, and high volume traders to incentivize exchange liquidity

Exchange Token Discounts

An increasingly popular approach is to discount exchange fees for users who purchase an exchange’s own cryptocurrency token. Several non-US exchanges such as Binance, Huobi, and Bibox have adopted this system to help incentivize investment into their tokens. These exchanges have elected to decrease the amount of the discount each year until phasing it out entirely in after four to five years

Let’s take a closer look at fees across some of the top crypto exchanges.

Fees by Cryptocurrency Exchange

(assuming no discounts as of January 1, 2021)

Exchange	Trading Fees			Funding Fees		Discounts
Exchange	Maker	Taker	Spread	Deposits	Withdrawals	Exchange Token Discount	Volume Discount
Bibox	0.075%	0.15%	No	No	Yes	Yes	No
Binance.us	0.1%	0.1%	No	No	No	Yes - 25%	Yes
Binance.com	0.1%	0.1%	No	No	Yes	Yes - 25%	Yes
Bitfinex	0.1%	0.2%	No	No	Yes	No	Yes
Bitstamp	0.5%		No	No	Yes	No	Yes
Bittrex	0.35%	0.35%	No	No	Yes	No	Yes
Bitmex	0.025%	0.075%	No	No	No	No	Yes
Bitpanda pro	0.1%	0.15%	No	No	No	No	Yes
BlockFi	No trading fees			No	Yes	No	N/A
Blockchain.com	0.2%	0.4%	No	No	No	No	Yes
BTC Markets	0.05%	0.2%	No	No	Yes (AUD Free)	No	Yes
Bybit.com	-0.025% (Rebate)	0.075%	No	No	No	No	No
Cash App	Service fee + additional fee (Exact fees are not disclosed on the website)
CEX.IO	0.16%	0.25%	No	No	Yes	No	Yes
Coinbase	N/A	The greater of flat fee ($1.49, $1.99 & $2.99) or 1.49%	~0.50% fiat 1.00% crypto	No	No	No	Yes
Coinbase Pro	0.5%	0.5%	No	No	No	No	Yes
Coinmama	Buy: XBX Index average + 2% (standard deviation) Sell: XBX Index average + 2% (standard deviation) + 0.1% - 0.9% sell fee					No	No
Coinspot	0.1%	0.1%	No	Yes	Yes (AUD Free)	No	No
crypto.com	0.1%	0.16%	No	No	Yes	No	Yes
dYdX	0%	HIgher of 0.3% or Gas cost	No	No	No	No	No
eToro	No trading fees		Yes - 0.75%	No	No	No	No
FTX	0.02%	0.07%	No	No	No	Yes	Yes
Gate.io	0.2%	0.2%	No	No	Yes	Yes	Yes
Gemini	The greater of flat fee ($0.99, $1.49, $1.99 & $2.99) or 1.49%		No	No	No	No	Yes
HitBTC	0.1%	0.25%	No	No	No	No	Yes
Huboi	0.2%	0.2%	No	No	No	Yes	Yes
IDEX	0.1%	0.2%	No	No	No	No	No
Independent Reserve	Trade commission - 0.5%			Yes	Yes (AUD Free)	No	Yes
Kraken	0.16%	0.26%	No	No	No	No	Yes
Kucoin	0.1%	0.1%	No	No	Yes	No	Yes
Liquid	0.29%	0.29%	No	No	Yes	Yes	Yes
Luno	0%	0.1%	No	No	No	No	Yes
OKX	0.1%	0.15%	No	No	No	No	Yes
PayPal	0.50 Fixed fee or variable rate of 2.3%		Yes	No	No	No	Yes
Poloniex	0.125%	0.125%	No	No	Yes	No	Yes
River	Buy & Sell: Fixed fee ($0.99 - $2.99) or (1.5% - 1.3%)		Yes	No	No	No	Yes
Robinhood	No trading fees			No	N/A	No	No
Shakepay	No trading fees			No	No	No	No
swyftx	0.6% + spread		Yes - 0.41%	No	No	No	Yes
Uniswap	0.3% for swaps			No	No	No	No
Uphold	N/A	N/A	Yes (0.8% - 1.2% for BTC, ETH & XRP) 0.2% for EUR, USD and GBP.	No	No	No	No

A Brief Summary

Trading fees vary by more than an order of magnitude, from 0.1% to more than 1% on Coinbase and Gemini
Bibox, Binance, Coinspot, HitBTC, and Kucoin offered the lowest taker fee of the surveyed exchanges at 0.1%. Binance and Bibox offer even lower rates when paying with their exchange tokens
Most exchanges do not charge fees on deposits made via Bank ACH or direct cryptocurrency deposits, but may typically charge additional fees for purchases/deposits made via wire transfer or credit cards
Cryptocurrency withdrawal fees are typically limited to blockchain transaction costs, but these can vary considerably depending on the cryptocurrency

In sum, always make sure to review the fee schedule at your preferred exchange and consider any applicable discounts for volume or usage in your calculation. When you are ready to trade, connect your exchange accounts to CoinTracker to track your trades and fees across exchange accounts for free.