In the age of technology and digitalization, a revolutionary change in the financial market has been seen. Investors and most people are interested in cryptocurrency as they see it as a future currency. For this purpose, people need an exchange where they can buy, sell and trade their cryptocurrencies like Bitcoin, Ethereum, Litecoin, and many more. When it comes to the lowest fee, one of the popular cryptocurrency exchange known for its impressive services and the lowest fee is Kucoin, also regarded as KCS. The exchange mostly deals with Ethereum ETH price, Bitcoin coin or BTC, etc. Moreover, the kucoin offers its users low commission fees with high liquidity. Thus, considered a reputable one in the market.
How Crypto Exchange Works, And What Is It?
Crypto exchange is a marketplace that enables its customers to buy and sell their cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Most people interested in it are almost familiar with the other trading platform, same as that crypto exchange works, which allows its end users to help them buy and sell their cryptocurrencies. With the help of a crypto tracker you can track your crypto portfolio, transactions and activities.
The Lowest Crypto Exchange Fees Are
Under this heading, we discuss three crypto exchanges that charge low fees on trading, buying, and selling their Cryptocurrency. Below we will see the list of them in detail.
KuCoin is one of the largest crypto exchange with over 10 Million Global investors and operates in over 200 countries. KuCoin enables users to lend their crypto and earn interest on it, which is quite exciting and rewarding for its users and buying and selling.
KuCoin offers more than 600 cryptocurrencies to buy and sell; they can also trade it. This platform also provides a 24/7 customer service facility.
KuCoin charges the lowest fee among its competitors; its trading offers start from 0.0125% to 0.1%. It charges low prices as compared to other crypto exchanges. Users can also get a discount on it according to their trading tokens (KCS) balance.
KuCoin does not compromise on security, especially after being hacked in 2020, where hackers stole more than 280 million dollars worth of crypto from its user’s wallet, which was recovered due to insurance.
It generates a separate password for trading, whereas they have also introduced two-factor authentication and encryption factors, and some other factors to avoid security threats.
Coinbase is one of the largest and most well-known crypto exchanges and well established in the USA. It has around 98 million actively verified users, whereas it supports 100+ countries. Its cryptocurrency is also insured like KuCoin; cryptocurrency is safe even if a website is hacked.
It charges higher fees than other crypto exchanges. Its trading fee starts from 0.5% and can go up to 4.5%, depending upon the type of transaction. Depending on the cryptocurrency’s transaction method and style, it may vary.
All of the currency of coinbase is insured, and according to them, they hold 2% of their cryptocurrency online. The remaining will be stored in offline mode, which is disappeared for online security threads. They also owned the responsibility that if they have to face a security breach, they have an insured policy for its users where they can feel their money is in safe hands.
Binance is like a king of cryptocurrency exchange, enabling both user beginners and expert users to understand its interface with ease. It also supports 24/7 customer service. Its registered verified users are more than 90 million.
Binance fees charges are lesser than coinbase; its trading charges start from 0.1% to 0.5%. It also gives a 25% discount if you have a Binance cryptocurrency in your wallet.
Its security is also encrypted and has two factors authentication function. It is also insured and provides high-quality protection to its users with no compromise.
This article has seen the fee structure and security provided by the top three well-known crypto exchanges. KuCoin has the lowest fee-charging rate and crypto prices compared to CoinBase and Binance, which is quite competitive.