Trading crypto can get expensive over time when the fees are taken into account. There are cheaper ways to trade 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 with 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
These are the best places to trade crypto without fees in 2022:
- Binance (best overall trading platform with no fees)
- Bybit (best for zero fees on all spot pairs)
- Phemex (best zero-fee spot trading platform)
- Kucoin (best for instant trades with no fees)
- Crypto.com (best for zero fee stablecoin conversions)
- Digitex (best for no trading fees using DGX token)
- Amplify (best for zero fees above spot price)
- Shapeshift (best for free of charge crypto swaps)
- Lykke (best for trading crypto without commissions)
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Zero Fee Crypto Exchanges: 2022 Reviews
1. Binance - Overall Best Trading Platform With Zero 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 $50 in bonuses by clicking this link and creating an account using a Binance referral code and following the instructions.
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 tops 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.
2. Bybit - Best For Zero Fees On All Spot Trading Pairs
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.
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 day traders on the network and pay zero fees. This makes Bybit one of the best places to buy and sell crypto without fees.
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 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 website and app. 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 Level||Zero Fee Monthly Trading Limit|
For example, Phemex Level 1 gives zero crypto trading fees up to $500 per month using the website or mobile app. 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 day trading platform 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.
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 is one of the most popular crypto apps for trading crypto-to-crypto with its powerful platform and 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.
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.
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.
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.
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. There are 3 separate applications to simplify the user experience. These include the Crypto.com App, Crypto.com Exchange and the Crypto.com DeFi Wallet. The App offers a powerful alternative to traditional financial services that makes it easy to buy, trade, sell, earn interest on crypto and even spend cryptocurrencies.
The Crypto.com App 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.
Digitex Futures Exchange (DFE) is a zero-fee, peer-to-peer crypto futures exchange that allows users to trade Bitcoin perpetual swap futures contracts 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 their 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 commissions 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, Digitex is a great option to trade crypto without fees, however, we would like to see improvements to the user interface that was dated in terms of functionality and lacks advanced trade order types. This is an important aspect of 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.
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.
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
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.
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 platform is available on desktop and mobile app for download which can be used to deposit funds directly to the Lykke wallet. Fiat currency can be converted to digital currencies and exchanged for altcoins with zero fees.
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.
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|Up to $100 welcome bonus||Visit Binance||Binance Review|
|81||0.06% / 0.01% (leverage), 0.1% (spot)|
|Deposit bonus up to $3,000||Visit Bybit||Bybit Review|
|Up to 500 USDT in bonuses||Visit KuCoin||KuCoin Review|
|$10 when stake > 1000 CRO tokens||Visit Crypto.com...||Crypto.com Exchange Review|
|248||0.1% (spot), 0.06% / 0.01% (futures)|
|Up to $180 bonus for new users||Visit Phemex||Phemex Review|
|None available at this time||Visit Digitex|
|None available at this time||Visit Lykke||Lykke Review|
|None available at this time||Visit Amplify|
|None available at this time||Visit ShapeShift|
How To Trade Crypto With No Fees
To trade cryptocurrency without fees or commissions, follow these simple steps:
- Register a new account with Binance that offers no-fee crypto trading
- 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
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.
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. The introduction of zero-fee trading exchanges, it will serve to increase competition and pressure other crypto trading exchanges to reduce their fees.