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    9 Best Zero Fee Crypto Trading Exchanges In 2023

    Updated: Jan 24th, 2023
    Kevin Groves
    Kevin Groves
    9 Best Zero Fee Crypto Trading Exchanges In 2023

    Trading crypto can get expensive over time when the fees are taken into account. There are cheaper ways to buy crypto such as choosing a zero-fee crypto trading exchange. Using these platforms can reduce the cost of trading by allowing individuals to buy, trade, and sell Bitcoin and cryptocurrency assets without paying any fees. To help you choose the best exchange for crypto and pay no fees, we will test and compare crypto exchanges that have no trading fees so you can make an informed decision.

    Best Zero Fee Crypto Exchanges For 2023

    These are the best places to trade crypto without fees:

    1. Bybit (overall best free crypto trading exchange)
    2. Binance (best for buying Bitcoin with no fees)
    3. Phemex (best zero-fee spot trading platform)
    4. Kucoin (best for instant trades with no fees)
    5. Crypto.com (best for zero fee stablecoin conversions)
    6. Gate.io (best for zero fees on spot and futures pairs)
    7. Amplify (best for zero fees above spot price)
    8. Shapeshift (best for free of charge crypto swaps)
    9. Lykke (best for trading crypto without commissions)

    This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

    Best No Fee Crypto Exchanges Reviewed

    1. Bybit - Overall Best For Paying Zero Fees On Crypto Trades

    Bybit is a well-established and immensely popular derivatives trading platform for trading cryptocurrencies with leverage. The top-rated margin exchange also has established a stable and secure environment for buying and sell crypto with fiat and other digital assets on its spot exchange. Ranked within the top 20 spot exchanges in the world, Bybit's spot exchange is a great option for existing users.

    Bybit zero spot trading feesBybit zero spot trading fees

    To celebrate passing over 10 million customers worldwide, Bybit is the latest cryptocurrency platform to introduce 0 fee trading on its spot exchange from September 2022 until further notice. Users can benefit from paying no fees on the exchange using both market and limit orders for any amount. Unlike Binance which limits the zero fees to stablecoins and fiat currency pairs, Bybit has expanded the zero fees across its 300+ coins across 479 trading pairs at the time of writing.

    While the no-fee promotion does not include its derivatives and futures markets, users can benefit from paying no fees using its social network and copy-trading platform and grid trading bot. That is, Bybit traders can follow and copy the best investors and traders on the network and pay zero fees. This makes Bybit one of the best places to buy and sell crypto without fees.

    Read our full ByBit review and claim up to a $5,000 deposit bonus using our ByBit referral code.

    2. Binance - Best Trading Platform With Zero Bitcoin Fees

    Binance is the world's largest and most traded crypto exchange at the time of writing. As the biggest exchange in terms of trading volume and liquidity across its spot and derivatives markets, Binance is the #1 destination for new and experienced traders alike to purchase crypto with fiat or other altcoins. Binance features more than 1,664 trading pairs across 391 supported coins.

    There is also a derivatives market with 198 trading pairs and has a staggering 40 billion in trading volume at the time of writing, nearly double its closest competitor. Combined with low fees of 0.1% per trade and deep liquidity, Binance has historically been one of the cheapest crypto exchanges to use. Moreover, new users can claim FREE $100 in bonuses by clicking this link and creating an account using a Binance referral code and following the instructions.

    Binance zero trading feesBinance zero trading fees

    After its USA sister exchange Binance.US offered zero-fee crypto trading, the global Binance platform cut its trading fees on July 8, 2022. Trading fees have been removed across 13 stablecoins and fiat combinations. The no-fee trading will remain in place until further notice, which coincided with Binance's 5th birthday. The full list of crypto pairs that can be bought and sold on Binance with no fees are: BTC/USDT, BTC/BUSD, BTC/TUSD, BTC/USDC, BTC/USDP, BTC/RUB, BTC/EUR, BTC/TRY, BTC/AUD, BTC/GDP, BTC/BRL, BTC/BIDR and BTC/UAH.

    Other spot trading pairs may be included in the zero-fee trading crypto promotion, however, the owner of Binance, CZ, has indicated the removal of trading fees may be here to stay in a Twitter post. Overall, Binance makes this list of the best places to trade crypto without fees. There is even the option to obtain a 20% discount on trading fees for other pairs using our link.

    Read our full Binance review.

    3. Phemex - Good Crypto Trading Exchange With Zero Fees

    Phemex is a cryptocurrency trading exchange and investment platform that was founded in 2019 by a group of 8 former Morgan Stanley Executives, the team is focused on creating a trustworthy digital platform and becoming a leading financial services provider in the crypto industry. Since it was founded, Phemex has accrued over 2 million users worldwide in countries such as the United States, Canada and the UK. At the time of writing, Phemex has a 24-hour trading volume of 6.6 billion and is one of the most popular crypto exchanges in the world.

    Phemex websitePhemex website

    Phemex provides a well-rounded suite of features, products and services for its customers to leverage their crypto assets. For serious traders, the available markets to trade include spot, derivatives and a testnet for crypto demo trading all on a single unified platform. There are over 248 crypto coins that can be bought, traded and sold with Phemex.

    One of the biggest reasons Phemex surged in popularity is its zero-fee spot exchange. Users can trade between Bitcoin, Ethereum, stablecoins are hundreds of other pairs without any fees. When a trader places an order on the spot exchange, the commission fee will initially be paid but then refunded back to the wallet. That is, the trader will pay zero fees. There is a limit on the no-fee trades that can be performed on each account, which depends on the user's VIP level.

    Phemex VIP LevelZero Fee Monthly Trading Limit
    Level 1$500
    Level 2$2,000
    Level 3$5,000
    Level 4$50,000
    Level 5$100,000
    Level 6$200,000
    Level 7$500,000
    Level 8$2,500,000
    Level 9$5,000,000
    Level 10$10,000,000

    For example, Phemex Level 1 gives zero crypto trading fees of up to $500 per month. The highest level VIP users can benefit from trading crypto with no fees up to 10 million per month. Effectively, serious traders can use the platform to trade up to 10 million per month and pay no fees. For this reason, Phemex is an excellent crypto platform for day trading that will benefit serious traders that will pay zero fees on crypto trades.

    Moreover, each VIP level with Phemex brings other benefits and perks to the users. These include spot and contract trading fee rebates, cashbacks, trading bonuses, and rewards from lending crypto in the Phemex Earn platform. Overall, Phemex is the best exchange for crypto trading with no fees for beginners and experienced traders alike.

    Read our full Phemex review.

    4. KuCoin - Best Exchange To Swap Crypto With No Fees

    Kucoin is a popular 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 has a powerful platform with over 700 cryptocurrencies listed. The vast number of quality projects listed is one of the reasons Kucoin is referred to as the best altcoin exchange in the market.

    KuCoin websiteKuCoin website

    Due to the success of the trading exchange, KuCoin has since expanded to offer users the ability to purchase cryptocurrencies, trade derivatives, a robust staking platform to earn rewards and access an NFT launch platform. There is also the option to buy crypto with more than 50 different fiat currencies such as USD, GBP, EUR and AUD through a third party.

    The well-known trading platform has launched an 'Instant Exchange' to provide access to the best available crypto exchange rate in the global market. Users can exchange Bitcoin, Ethereum, Litecoin and XRP with zero-trading fees or commissions. KuCoin Convert supports 26 crypto assets that can be swapped instantly into Tether (USDT) and vice versa, without any hidden fees.

    KuCoin zero fee convertKuCoin zero fee convert

    Apart from having no fees, the benefit of using KuCoin convert is that it's beginner-friendly without the need to trade crypto on the exchange. Users can trade between coins using a simple order form and receive the swapped crypto in the 'Main' or 'Trading' wallet.

    While the number of supported assets available to swap without fees is quite limited compared to the actual exchange, KuCoin convert lists the most popular assets to trade that will appeal to most users. Overall, KuCoin is a top platform to convert crypto with no fees. The secondary benefit of accessing its broad range of products and features makes KuCoin our runner-up pick for the best no fee crypto exchange.

    Read our full KuCoin review.

    5. Crypto.com - Best For Trading Stablecoins With No Fees

    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 10 million users on its platform. It is a popular cryptocurrency exchange worldwide and including in the United States. In short, it is one of the best smartphone crypto apps to get involved with crypto.

    Crypto.com is continually innovating and developing new crypto services and products for its users to accelerate the adoption of blockchain technology and improve the user experience of using cryptocurrencies. Crypto.com and its suite of products offer a powerful alternative to traditional financial services that makes it easy to buy, trade, sell, earn interest on crypto and even spend cryptocurrencies.

    Crypto.com websiteCrypto.com website

    Crypto.com is composed of both a Crypto and Fiat Wallet. Cryptocurrencies can be purchased or sold using funds held within each wallet or through third-party credit/debit card services and one of the best fiat-to-crypto platforms to buy crypto at true cost.

    In 2021, Crypto.com introduced the ability for users to trade between stablecoins without fees. Supported stablecoins such as USDC, BUSD, GUSD and TUSD can be swapped between each other on a 1-to-1 basis without any conversion or trading fees. While Tether (USDT) is currently not supported, a number of ERC-20 coins can be traded without transaction fees on the Crypto.com Exchange. Similar to KuCoin Convert, the user can select the stablecoin from their wallet and choose another stablecoin to convert to.

    In short, Crypto.com is very popular in several countries around the world including the USA, Canada and Australia. Crypto.com is the major sponsor for the Australian Rules Football (AFL) league and has become one of the leading Australian crypto platforms due to its ease of use and competitive fees.

    Read our full Crypto.com review.

    Crypto.com Exchange Stablecoins with no costsCrypto.com Exchange Stablecoins with no costs

    6. Gate.io - Best For Zero Spot and Futures Fees

    Gate.io is next on the list of crypto exchanges with no fees. The popular trading platform launched zero fees on September 16, 2022, across a variety of markets and trading pairs for the foreseeable future. The CEO announced no fees on hundreds of cryptocurrencies which include the BTC/USDT pair as well as all USD, BTC, and ETH currency trading pairs. The no-fee trading applies to all users that create an account with Gate.io regardless of their VIP level.

    Zero trading fees on Gate.ioZero trading fees on Gate.io

    Unlike ByBit and Binance which offers zero fees on the spot pairs only, Gate.io has removed all its trading free from multiple markets. For example, customers can trade with zero fees on the spot, perpetual futures, leveraged tokens, and even its P2P trading platform. In total, there are more than 1,000 cryptocurrency pairs that can be bought and sold without fees. This is a major benefit for leverage traders that trade USD-M and BTC-M trading pairs which means Gate.io is an excellent alternative to Binance Futures and ByBit due to lower fees.

    Read our full Gate.io review.

    7. Amplify

    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 Bitcoin without paying trading fees. This means there are no additional fees above spot crypto pricing.

    amplify exchange websiteamplify exchange website

    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
    • Ethereum
    • Litecoin
    • Ripple
    • Bitcoin Cash
    • Stellar Lumens
    • Dash
    • Cardano
    • NEO
    • Ethereum Classic
    • Basic Attention Token
    • ZRX
    • EOS
    • 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. 

    8. Shapeshift - Best For Swapping Crypto With No Fees

    Shapeshift is a digital marketplace that was established in 2014 by Erik Voorhees that provides 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.

    shapeshift websiteshapeshift website

    In a matter of minutes, you can instantly exchange Bitcoin for another altcoin and vice versa without any hassle. The team behind Shapeshift has 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 deposits 100 FOX tokens for free into your account.

    The new Shapeshift platform allows you to:

    • Create a new wallet or connect a 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 a hardware wallet

    Read our full Shapeshift review.

    9. Lykke - Best No Fee Exchange For Europe

    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.

    Lykke zero fee exchange websiteLykke zero fee exchange website

    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 59% Bitcoin and 24 popular altcoins. The exchange can be funded directly with fiat currency that can be converted to digital currencies and exchanged for altcoins with zero fees.

    Read our full Lykke review.

    Top Zero-Fee Crypto Exchange Comparisons

    This comparison table provides an overview and comparison of exchanges to trade Bitcoin & altcoins commission-free. We note that some exchanges listed have zero-fee trading as a limited-time promotion only. Visit the website to confirm validity and details.

    ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview
    Binance

    Binance

    600+0% to 0.1%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.8/5
    StarStarStarStarEmpty Star
    Up to $100 welcome bonusVisit BinanceBinance Review
    Bybit Logo

    Bybit

    810.06% / 0.01% (leverage), 0.1% (spot)
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.8/5
    StarStarStarStarEmpty Star
    Deposit bonus up to $30,000Visit BybitBybit Review
    KuCoin

    KuCoin

    700+0.1%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.6/5
    StarStarStarStarEmpty Star
    Up to 500 USDT in bonusesVisit KuCoinKuCoin Review
    crypto.com

    Crypto.com Exchange

    90+0.4%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.5/5
    StarStarStarStarEmpty Star
    $10 when stake > 1000 CRO tokensVisit Crypto.com...Crypto.com Exchange Review
    Phemex

    Phemex

    BTC, ETH, XRP, and 334 Others0.1% (spot), 0.06% / 0.01% (futures)
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.2/5
    StarStarStarStarEmpty Star
    Up to $6,050 Crypto Sign Up BonusVisit PhemexPhemex Review
    Gate.io logo

    Gate.io

    9910% to 0.2%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.1/5
    StarStarStarStarEmpty Star
    None available at this timeVisit Gate.ioGate.io Review
    lykke logo

    Lykke

    20+None
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    3.9/5
    StarStarStarEmpty StarEmpty Star
    None available at this timeVisit LykkeLykke Review
    amplify logo

    Amplify

    11None
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    3.7/5
    StarStarStarEmpty StarEmpty Star
    None available at this timeVisit Amplify
    shapeshift logo

    ShapeShift

    40+None
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    3.7/5
    StarStarStarEmpty StarEmpty Star
    None available at this timeVisit ShapeShift

    How To Trade Crypto With No Fees

    To trade cryptocurrency without fees or commissions, follow these simple steps:

    1. Register a new account with Binance that offers no-fee crypto trading
    2. Search for Bitcoin or another cryptocurrency you want to buy, trade or sell
    3. Enter the amount of crypto to buy or sell against another coin
    4. Click on the 'Buy' or 'Sell' button to complete the trade without fees

    Frequently Asked Questions

    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.

    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.

    Conclusion

    Crypto exchanges are perfect for traders and scalpers to capitalize on the volatile market and take advantage of small price movements throughout the day. The introduction of zero-fee trading exchanges, it will serve to increase competition and pressure other crypto trading exchanges to reduce their fees.

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    Kevin GrovesKevin GrovesKevin Groves

    Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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