Looking for an alternative to the world's most popular cryptocurrency trading platforms such as Coinbase, Binance and eToro? There are now zero-fee fee crypto exchanges that allow individuals to buy, trade and sell Bitcoin and cryptocurrencies assets without paying any fees.
For active investors, it could be the difference between a profitable and losing trader in the long run. In this article, we will share the best places to trade cryptocurrency without fees.
How To Trade Crypto With No Fees
To trade cryptocurrency without fees or commissions, follow these simple steps:
- Register a new account with Phemex that offers no-fee crypto trading
- Click the 'Products' link and select 'Spot Trading (Zero Fees)'
- Search for Bitcoin or another cryptocurrency you want to buy, trade or sell
- Enter the amount of crypto to buy or sell against another coin
- Click on the 'Buy' or 'Sell' button to complete the trade without fees
Where To Trade Bitcoin Without Fees
Here is a list of crypto exchanges to trade and buy Bitcoins without a fee:
- Phemex (fast trade execution speed and demo account)
- Crypto.com (leading digital platform wide range of products)
- Kucoin (trusted exchange and popular for altcoin trading)
- Digitex (suitable for crypto day traders, advanced platform)
- Amplify (suited to beginners to trade against fiat, BTC, ETH)
- Shapeshift (instantly swap crypto with zero fees )
- BLADE (backed by Coinbase and other world-class investors)
- Lykke (innovative exchange that offers forex and crypto)
Best Zero-Fee Exchange Comparisons: 2021
This comparison table provides an overview and comparison of exchanges to trade Bitcoin & altcoins
No Fee Cryptocurrency Exchanges: Reviews
Here is our summary of the top no-fee exchanges to trade Bitcoin and crypto. For an in-depth of each site, click on the exchange review links below.
Phemex is a cryptocurrency trading exchange that offers spot, derivatives and simulated trading all on a single unified platform. The trading platform offers it's premium users the ability to buy crypto with paying fees on its spot exchange for the major cryptocurrency assets such as Bitcoin, Ethereum, XRP and Link.
Founded in 2019 by a group of 8 former Morgan Stanley Executives, the team is focused on creating a trustworthy digital platform and become a leading financial services provider in the cryptocurrency industry. Phemex supports traders all over the world such as the United States, Australia and the UK.
Phemex exchange is packed with features such as:
- Trade crypto without fees on its spot-trading exchange (for premium users)
- Derivatives trading up to 100x leverage with BTC & USD contract settlement
- Competitive trading fees on margin trading platform
- Advanced order types to manage risk
- Cryptocurrency demo account for beginners to practise
- 300k transactions per second (TPS)
- Cold wallet storage to keep funds safe on the exchange
- Fast and responsive mobile trading app
- Traditional financial assets (coming soon)
Users that create an account with Phemex receive free access to the Premium Membership for 7 days. This can be extended to 30 days by referring a friend to the exchange. Once the trial ends, users on the exchange will need to purchase the Premium Membership which starts at $0.19USD per day to continue to trade Bitcoin with zero fees.
While it might seem add to pay a subscription for no fee crypto trading, for high volume investors and crypto day traders, this is a very small price to pay to buy, trade and sell crypto without paying fees or commissions.
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Crypto.com is a digital asset platform that offers several cryptocurrency products and services. The exchange has seen massive growth in recent years and has over 1 million users on its platform and is a supported cryptocurrency exchange in the US. Crypto.com is a popular platform that offers a powerful alternative to traditional financial services, making it easier for everyone to buy, trade and sell cryptocurrencies.
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With its growing list of features and crypto services, we expect Crypto.com to be one of the best cryptocurrency companies in the world within the next few years to rival the likes of Binance and Coinbase.
Crypto.com is continually innovating and developing new crypto services and products for its users to accelerate the adoption of blockchain technology and improving the user experience of using cryptocurrencies. The exchange offers the following limited-time promotional offers:
- 0% trading fee for the first 90 days for new users
- Up to 50% trading fee reduction on all trades for existing users of the Exchange
- 2% bonus deposit interest rate for all deposits made by new users in the first 30 days
- Send crypto to Crypto.com App users instantly without fees
- Buy Bitcoin with 0% credit card fees
The digital currency provider offers a suite of crypto services and features at your fingertips which let's you buy, sell, trade, spend, store, earn interest on crypto, loan cash and even pay bills with cryptocurrency. Crypto.com have also announced the future launch of margin and derivatives trading to compete with Bybit and FTX.
Kucoin is a cryptocurrency exchange that was built to cater to individuals around the globe by providing an easy to use platform for investors to exchange digital assets and cryptocurrencies. Established in late 2017, KuCoin is one of the most popular crypto trading exchanges in the world with over 5 million users globally.
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Kucoin offers innovative crypto services and products including a spot exchange, futures markets, margin trading, staking rewards, lending service to earn interest on crypto assets and even the ability to purchase cryptocurrencies using a credit/debit card.
The well-known trading platform has recently launched an 'Instant Exchange' to provide access to the best available crypto exchange rate in the global market. Users can purchase cryptocurrencies such as Bitcoin, Ethereum, Litecoin and XRP with zero-trading fees or commissions.
KuCoin Instant Exchange is a one-click crypto exchange service that was co-developed by KuCoin and a top high frequency trading firm in Wall Street. The integration through the Instant Exchange allows a quick purchase of the supported cryptocurrencies, with zero-trading fees and the best available prices.
Digitex Futures Exchange (DFE) is a zero-fee, peer-to-peer crypto futures exchange that allows users to trade Bitcoin perpetual swap futures contract with leverage up to 100x. The trading exchange is built on Ethereum’s blockchain technology to provide a cutting-edge crypto futures exchange with zero trading fees.
The exchange model is based on users having a balance of its own native coin, the DGTX token to be eligible for zero-commission trading. Each user that places a trade increases the demand for the DGTX token.
The platform is able to offer zero-fee Bitcoin trading by selling DGTX tokens to earn money. This means, you can trade crypto with high frequency without having to worry about exchange commissions and taker fees eroding your profits.
Overall, we were quite impressive with Digitex and the direction the exchange is headed. However, we would like to see improvements to the user interface, which appears dated in terms of functionality and lacks advanced trade order types. This is an important aspect to trading as this is where most of your time will be spent analyzing the charts.
Amplify Exchange was launched in 2019 to solve issues in the crypto world that inhibit the broader crypto adoption and common frustrations experienced by crypto traders.
The crypto exchange offers customers all over the globe (apart from US and Canada) to buy and sell cryptocurrency without paying trading fees. This means there are no additional fees above spot crypto pricing.
Furthermore, there are no prerequisites to be eligible for zero-trading fees such as financial status, degree of trading expertise and/or amount of investment making it suitable for everyone.
Amplify Exchange has over 14 crypto pairs such as:
- Bitcoin Cash
- Stellar Lumens
- Ethereum Classic
- Basic Attention Token
- Amplify Loyalty Token (AMPX)
Each crypto pair can be traded against fiat currency, BTC, ETH and the platform's native coin, AMPX token with zero-fees and commissions. When you log in for the first time, you might be a little surprised at the interface. It's not like other margin crypto exchanges. While it is very simplistic and suited to beginners.
Shapeshift is a digital marketplace that was established in 2014 by Erik Voorhees that provides a crypto services to users all around the world. The online exchange offers the ability to quickly swap between assets in a seamless, safe, and secure environment.
In a matter of minutes, you can instantly exchange Bitcoin to another altcoin and vice versa without any hassle. The team behind Shapeshift have recently launched a new platform to buy Bitcoin with no fees in an effort to compete with other cryptocurrency exchanges.
To be eligible for commission free, zero spread and zero trading fees on Shapeshift, users need to hold their native FOX tokens. When you create an account, Shapeshift deposit 100 FOX tokens for free in your account.
The new Shapeshift platform allows you to:
- Create a new wallet or connect your KeepKey, Trezor or Portis wallet
- Visualize your portfolio performance through a powerful dashboard
- Trade crypto instantly and for free with over a thousand asset pairs by holding FOX tokens
- Buy crypto with your bank account
- Send, receive, and HODL your digital assets on your hardware wallet
BLADE exchange offers Bitcoin and Altcoin crypto perpetual contracts that can be traded with up to 150x leverage. The exchange is backed by world class and trusted investors such as Coinbase and SV Angel to create a dedicated Bitcoin perpetual trading platform.
The exchange has launched zero-trading and is one of the first cryptocurrency exchange to offer no fee trading in Bitcoin perpetuals. This will increase the presence of BLADE to compete with other popular crypto trading exchanges which charge a taker fee on each trade.
There are no restrictions or eligibility requirements which means you don't need to hold a native token to enjoy zero-commission trading.
If you are a crypto scalper or high-frequency trader, then BLADE exchange's zero-trading fees will allow you to enter and exit trades, using high leverage to make profits on slight price fluctuations with low costs (e.g. no trading fees).
We should point out that BLADE does not (yet) have any trading tools or indicators. These features are essential for crypto traders and expect it to be included in the launch of BLADE Zero.
Lykke is an innovative Swiss digital exchange that offers forex, crypto and crypto index trading. The platform supports multiple fiat currencies to provide an easy on ramp for beginner and experienced traders to enter the cryptocurrency market that can be traded against base pairs such as Euro, GBP, CHF and USD.
There are several crypto-to-crypto swap services, however these do incur a small trading fee. Lykke differs by allowing traders on its platform to swap and exchange any cryptocurrencies instantly without paying any fees.
Lykke provides a way for crypto investors to diversify their portfolio and purchase the LyCI index token which follows the price behavior of the major cryptocurrency assets. The index comprises of 59% Bitcoin and 24 popular altcoins.
The platform is available on desktop and mobile app for download whch can be used to deposit funds directly to the Lykke wallet. Fiat currency can be converted to digital currencies and exchange to altcoins with zero fees.
Frequently Asked Questions
How Can I Get A Free Bitcoin Fee?
The best way to buy Bitcoin free of trading fees is to use a cryptocurrency platform that offers zero-fees and commissions in addition to the spot market price. Exchanges such as Shapeshift, Kucoin and Phemex allow users to deposit crypto currency and stablecoins which can be instantly exchanged without fees or spread charges. Other ways to get Bitcoins for free is to earn it through rewards programs, Coinbase Earn and participating in affiliate programs.
Should I Use A Zero-Fee Cryptocurrency Trading Exchange?
Trading fees and commissions eat into your profits over time without realizing it and make a difference in your long term wealth, particularly if making frequent trades. A zero-fee crypto exchange can retain a small percentage of profits without fees eating away at your capital on each trade.
Crypto exchanges are perfect for day traders and scalpers to capitalize on the volatile market and take advantage of small price movements throughout the day. With the introduction of zero-fee trading exchanges, it will serve to increase competition and pressure other crypto trading exchanges to reduce their fees.
So, will you switch to a zero-fee trading exchange? Which platform do you currently use to trade cryptocurrency?
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