{"id":3133,"date":"2021-07-07T16:35:59","date_gmt":"2021-07-07T16:35:59","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=3133"},"modified":"2025-05-06T20:07:37","modified_gmt":"2025-05-06T20:07:37","slug":"cryptocurrency-exchange-trading-fees-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/","title":{"rendered":"Cryptocurrency Exchange Trading Fees: What You Need to Know"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#What_Is_a_Cryptocurrency_Exchange\" >What Is a Cryptocurrency Exchange?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#How_to_Choose_a_Cryptocurrency_Exchange\" >How to Choose a Cryptocurrency Exchange?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#Where_to_Buy_and_Exchange_Cryptocurrencies\" >Where to Buy and Exchange Cryptocurrencies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#Best_Instant_Exchange_%E2%80%93_Changelly\" >Best Instant Exchange \u2013 Changelly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#Best_Centralized_Exchange_%E2%80%93_Binance\" >Best Centralized Exchange \u2013 Binance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#Best_Decentralized_Exchange_%E2%80%93_Uniswap\" >Best Decentralized Exchange \u2013 Uniswap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#Best_Peer-to-Peer_Exchange_P2P_%E2%80%93_LocalBitcoins\" >Best Peer-to-Peer Exchange (P2P) \u2013 LocalBitcoins<\/a><\/li><\/ul><\/nav><\/div>\n<p data-pm-slice=\"1 1 []\">Everybody is going nuts about Bitcoin and cryptocurrency buzz. The NFT art auctions (which mostly use Ethereum tokens) became a new trend in 2021. Cryptocurrencies are more and more included in our everyday life. There is a wide range of platforms that offer us to buy Bitcoin or Ethereum instantly. However, when selecting the right exchange, it&#8217;s crucial to consider cryptocurrency exchange trading fees to ensure you&#8217;re getting the best deal. How to choose the right one and get the coins right into your wallet? We\u2019ve made a list of the best exchanges that are corresponding to your needs. Choose wisely!<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_a_Cryptocurrency_Exchange\"><\/span>What Is a Cryptocurrency Exchange?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A cryptocurrency exchange is an online platform or website that allows customers to trade, buy or sell cryptocurrencies for another asset, either fiat or crypto.<\/p>\n<p data-pm-slice=\"1 1 []\">The exchanges can be centralized or decentralized. Centralized crypto exchanges act as a third-party between buyer and seller. The transactions within such a platform are operated and controlled by the founders of the project. Such an example can be the Binance exchange platform, which allows fiat payments but requires KYC\/AML procedures. Additionally, centralized platforms often charge cryptocurrency exchange trading fees, which can vary depending on the type of transaction. Besides, the private keys are stored on the exchange, which is quite a wrong decision considering privacy.<\/p>\n<p>Decentralized exchanges allow customers to process transactions without intermediaries or third parties. Such platforms are non-custodial, which means that they do not store your private keys on their servers. It doesn\u2019t require any personal information, as well as does not require a KYC process. However, decentralized exchanges have no fiat options, and the speed of transactions might be lower.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Choose_a_Cryptocurrency_Exchange\"><\/span>How to Choose a Cryptocurrency Exchange?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Before starting any exchange or trade, we will present you with some points to consider before entering the crypto market. Think about it as a warning and recommendation.<\/p>\n<ol>\n<li><strong>Check the reputation of the platform<\/strong>. Find out all about the experience of other users in the corresponding communities. You may find such info in Telegram channels, Reddit, Twitter, and BitcoinTalk forum.<\/li>\n<li><strong>Available payment methods<\/strong>. If the platform works with fiat currencies, get the information about possible means of payment. Some of the exchanges work with payment gateways like Advcash, others \u2013 with bank cards and transfers. For example, on Changelly, you can make an <a href=\"https:\/\/changelly.com\/buy\/ltc\">instant Litecoin purchase<\/a> with Apple Pay.<\/li>\n<li><strong>Verification process<\/strong>. Most of the centralized exchanges allow you to swap and trade cryptos only after completing the KYC\/AML process. This kind of verification requires you to provide your personal information, document photos, and a selfie. At this point, we can go back to the reputation issue \u2013 do not provide your ID and personal info to scammers (so check all about the hacks and insecurities before starting using the platform).<\/li>\n<li><strong>Trading fees<\/strong>. Every exchange has its unique fee-related information on the corresponding page. Remember, there are several kinds of fees, and all of them are different \u2013 maker, taker, withdrawal, deposit, and network fees.<\/li>\n<li><strong>Legislation<\/strong>. Check if you are allowed to process any cryptocurrency operations in your country. Some of the governments prohibit any trading or storing crypto assets.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Where_to_Buy_and_Exchange_Cryptocurrencies\"><\/span>Where to Buy and Exchange Cryptocurrencies?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There are many types of exchanges that vary with their type, fees, purpose, ease of use, and more. We\u2019ve chosen the best in their category.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Best_Instant_Exchange_%E2%80%93_Changelly\"><\/span>Best Instant Exchange \u2013 Changelly<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Being on the crypto market since 2015, Changelly already has more than two million customers that exchange and buy cryptocurrency with fiat every day. Changelly provides its crypto purchase users with multiple payment options such as Visa, Mastercard, Apple Pay, and a bank transfer. There are more than 160 cryptocurrencies, and the platform lists a new altcoin almost every week.<\/p>\n<ul>\n<li><strong>Pros<\/strong>: user-friendly, 160+ coins, variety of payment options<\/li>\n<li><strong>Cons<\/strong>: fees might be overpriced<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Best_Centralized_Exchange_%E2%80%93_Binance\"><\/span>Best Centralized Exchange \u2013 Binance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>One of the most popular and oldest crypto exchanges offers its users a smooth trading process and a lot of trading tools. Binance is famous for its high trading volumes and low fees. There is an extensive selection of cryptocurrencies as well as a whole spectrum of fiat currencies. Besides, Binance uses many withdrawal and deposit options depending on your location, which makes it really convenient to use all over the world. The crypto exchange has its own internal BNB token, which gives a discount to fees and other activities.<\/p>\n<ul>\n<li><strong>Pros<\/strong>: a user-friendly, wide variety of coins, low fees<\/li>\n<li><strong>Cons<\/strong>: requires KYC procedure, centralized<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Best_Decentralized_Exchange_%E2%80%93_Uniswap\"><\/span>Best Decentralized Exchange \u2013 Uniswap<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Uniswap was created in 2018, a year before the DeFi hype. The exchange is based on the Ethereum blockchain and proceeds all the operations with the help of smart contracts, which makes the platform an automated market maker. The open-sourced architecture allows listing any ERC-20 tokens for free by creating a corresponding liquidity pool. Users can exchange ERC-20 tokens with Ethereum and stablecoins, as well as lend tokens and get fees from other users\u2019 transactions. There is no order book or any centralized party, so the platform is censorship-resistant.<\/p>\n<ul>\n<li><strong>Pros<\/strong>: anonymous and decentralized, many ERC-20 tokens, no KYC<\/li>\n<li><strong>Cons<\/strong>: might be slow and expensive since the fee price depends on Ethereum&#8217;s gas, no fiat currencies.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Best_Peer-to-Peer_Exchange_P2P_%E2%80%93_LocalBitcoins\"><\/span>Best Peer-to-Peer Exchange (P2P) \u2013 LocalBitcoins<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">LocalBitcoins is a peer-to-peer exchange with customers all over the world. The platform allows you to meet people in person for <a href=\"https:\/\/icoholder.com\/en\/bitcoin-lithium-1092762\">Bitcoin exchange.<\/a> There are many payment options from PayPal to Dwolla. The service holds a 1% commission for each deal from the seller, which is one of the cryptocurrency exchange trading fees that helps maintain the platform. Each trader has a reputation rank and publicly posted the latest activity \u2013 so you can rely on them.<\/p>\n<ul>\n<li><strong>Pros<\/strong>: no ID requested, instant transfers, low fees.<\/li>\n<li><strong>Cons<\/strong>: no OTC-trading; the seller defines a price.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Everybody is going nuts about Bitcoin and cryptocurrency buzz. The NFT art auctions (which mostly use Ethereum tokens) became a new trend in 2021. Cryptocurrencies &hellip; <\/p>\n","protected":false},"author":11,"featured_media":2985,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchanges"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cryptocurrency Exchange Trading Fees: What You Need to Know<\/title>\n<meta name=\"description\" content=\"Learn about cryptocurrency exchange trading fees, how they vary, and why they matter when choosing the best platform - IcoHolder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency Exchange Trading Fees: What You Need to Know\" \/>\n<meta property=\"og:description\" content=\"Learn about cryptocurrency exchange trading fees, how they vary, and why they matter when choosing the best platform - IcoHolder.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/\" \/>\n<meta property=\"og:site_name\" content=\"ICOholder Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/icoholdercom\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T16:35:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-06T20:07:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2021\/05\/bitcoin-4481815_960_720.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Roxana Walker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@icoholder\" \/>\n<meta name=\"twitter:site\" content=\"@icoholder\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Roxana Walker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cryptocurrency Exchange Trading Fees: What You Need to Know","description":"Learn about cryptocurrency exchange trading fees, how they vary, and why they matter when choosing the best platform - IcoHolder.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/","og_locale":"en_US","og_type":"article","og_title":"Cryptocurrency Exchange Trading Fees: What You Need to Know","og_description":"Learn about cryptocurrency exchange trading fees, how they vary, and why they matter when choosing the best platform - IcoHolder.","og_url":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/","og_site_name":"ICOholder Blog","article_publisher":"https:\/\/www.facebook.com\/icoholdercom\/","article_published_time":"2021-07-07T16:35:59+00:00","article_modified_time":"2025-05-06T20:07:37+00:00","og_image":[{"width":960,"height":640,"url":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2021\/05\/bitcoin-4481815_960_720.jpg","type":"image\/jpeg"}],"author":"Roxana Walker","twitter_card":"summary_large_image","twitter_creator":"@icoholder","twitter_site":"@icoholder","twitter_misc":{"Written by":"Roxana Walker","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#article","isPartOf":{"@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/"},"author":{"name":"Roxana Walker","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/person\/d5e4badc02a54fa1a3aa05032f6db088"},"headline":"Cryptocurrency Exchange Trading Fees: What You Need to Know","datePublished":"2021-07-07T16:35:59+00:00","dateModified":"2025-05-06T20:07:37+00:00","mainEntityOfPage":{"@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/"},"wordCount":962,"commentCount":0,"publisher":{"@id":"https:\/\/icoholder.com\/blog\/#organization"},"image":{"@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#primaryimage"},"thumbnailUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2021\/05\/bitcoin-4481815_960_720.jpg","articleSection":["Exchanges"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/","url":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/","name":"Cryptocurrency Exchange Trading Fees: What You Need to Know","isPartOf":{"@id":"https:\/\/icoholder.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#primaryimage"},"image":{"@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#primaryimage"},"thumbnailUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2021\/05\/bitcoin-4481815_960_720.jpg","datePublished":"2021-07-07T16:35:59+00:00","dateModified":"2025-05-06T20:07:37+00:00","description":"Learn about cryptocurrency exchange trading fees, how they vary, and why they matter when choosing the best platform - IcoHolder.","breadcrumb":{"@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#primaryimage","url":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2021\/05\/bitcoin-4481815_960_720.jpg","contentUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2021\/05\/bitcoin-4481815_960_720.jpg","width":960,"height":640,"caption":"Crypto vs conventional loans benefits and differences"},{"@type":"BreadcrumbList","@id":"https:\/\/icoholder.com\/blog\/cryptocurrency-exchange-trading-fees-what-you-need-to-know\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/icoholder.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Cryptocurrency Exchange Trading Fees: What You Need to Know"}]},{"@type":"WebSite","@id":"https:\/\/icoholder.com\/blog\/#website","url":"https:\/\/icoholder.com\/blog\/","name":"ICOholder Blog","description":"Reliable Info about the Best Initial Coin Offerings","publisher":{"@id":"https:\/\/icoholder.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/icoholder.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/icoholder.com\/blog\/#organization","name":"ICOholder Blog","url":"https:\/\/icoholder.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2025\/08\/ico-logo.png","contentUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2025\/08\/ico-logo.png","width":398,"height":214,"caption":"ICOholder Blog"},"image":{"@id":"https:\/\/icoholder.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/icoholdercom\/","https:\/\/x.com\/icoholder"]},{"@type":"Person","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/person\/d5e4badc02a54fa1a3aa05032f6db088","name":"Roxana Walker","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e193a98477ee4803d61bc9246bd096cc5d4cf5641485fe815eb4dd61130fe92d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e193a98477ee4803d61bc9246bd096cc5d4cf5641485fe815eb4dd61130fe92d?s=96&d=mm&r=g","caption":"Roxana Walker"},"url":"https:\/\/icoholder.com\/blog\/author\/roxana-walker\/"}]}},"_links":{"self":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts\/3133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/comments?post=3133"}],"version-history":[{"count":3,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts\/3133\/revisions"}],"predecessor-version":[{"id":12647,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts\/3133\/revisions\/12647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/media\/2985"}],"wp:attachment":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/media?parent=3133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/categories?post=3133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/tags?post=3133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}