Let's be honest. Every trader wants to pay the lowest fees. Unfortunately, the cryptocurrency market is heavily fragmented across many different exchanges, each of which has different trading fees. The goal of this post is to help you find the information you need in order to lower your trading fees. First, some important notes.
Crypto exchanges typically have fee tier schedules that are based on total USD trading volume over the trailing 30 day period. Discounts are often provided for high volume traders.
Exchanges often have different fees depending on whether you are a taker (assumed below) or a maker. If these terms are new to you, find out more here.
The price you pay will usually be the price you trade at (i.e. the best displayed price in the order book) plus the fee. Getting the best net price depends on both factors.
Every exchange has its own approach to charging fees. For example, some offer incentives if you hold their exchange-issued token. Please consult each exchanges fee page, provided below, for the most accurate and up-to-date information on fees.
Without further ado, let's get to the answers you're looking for. Since fee tiers can make a big difference, we'll look separately at small and large traders.
Remember, net price is the most important factor to consider. Not just the fee, not just the price displayed on your screen, but the two taken together. This can be quite difficult to manage on your own. We created CoveTrader, a free tool that shows consolidated order book data, with fees included. We hope that this tool, together with the fee overview above, can be helpful to traders looking to lower their overall trading cost.
CoveTrader by Cove Markets is a platform for active traders of bitcoin and other cryptocurrencies. The crypto market is highly fragmented with dozens of exchanges and limited availability of trading tools. CoveTrader ties the market together in one powerful and transparent trading and analytics platform.