Bitcoin Trading At Lowest Or No Fees

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Bitcoin Trading At Lowest Or Even No Fees!

The table above shows the best bitcoin trading platforms which don't charge any trading fees or at least only very little ones. Enjoy trading at less cost!

Usually users at bitcoin trading sites are required to pay certain types of fees in order to use the services of the platform.

Deposit or Withdrawal Fees

In most of the cases the sites charge the users for funding the account through different kind of deposit methods and withdrawing the funds from the accounts. The fees are depending on the type of transfers. Bank wire transfers, credit card top ups and using alternative payment providers costs money even before starting trading. Deposit and withdrawal fees ranges between 1 to 5 %.

On Crypto Transfers Only Network Fees

Cryptocurrency deposits and withdrawals are usually free of charges, you only have to pay for the transaction fee that is due for the miners. This fee is not set by or payable to the platform, it is rather needed in order to verify the transactions on the blockchain.

Trading Fees

Beside funding the account, a bitcoin trading sites can also charge trading fees for making orders on the platform. The trading fees usually ranges between 0.1% to 0.25%, but it can be up to 1% of the trading amount. Some bitcoin broker offers different conditions for market makers and price taker. A maker is a person placing an order into the order book, while the taker is a person taking an order out of the order book. The maker fees are always lower compared to taker fees as in that case the users gives liquidity to the market that benefits the trading community, thus appreciated by the bitcoin broker.

On certain bitcoin trading sites, you do not have to pay any trading fees at all. In this case your order’s trading costs is solely the spread offered by the platform. There is no additional fees applied to the orders.

Advantages of No Fees Pricing Model

When the platform (such as Whaleclub or Simplefx) decides to run a spread based no fee pricing model it makes the trading activity more popular for those who want to execute orders frequently, especially in the case of high-frequency trading. The no fee pricing model adds significant liquidity to the market. Since the volatility of bitcoin price is considered realtively high compared to traditional assets, the spread based pricing structure lets the users to engage in more trading activity to exploit market opportunities without paying significant amount of fees.

Disadvantages of No Fees

Currently there is no regulation in place to rule the amount of spread a bitcoin trading platform can apply. It is advisable to check the order book first before engaging into any trading activity as spreads can change from time to time on any given assets.

No Fees Opportunities at Bitcoin Brokers

Whaleclub

Whaleclub generally has a no-fees policy. They do not charge fees on deposits, balances, trades or inactivity. Although withdrawals cost an extra of 0.001 BTC this is just the transaction fees payable to the miners. The only fees applicable is for margin trading.
 
Visit Whaleclub Website Read Whaleclub Review
 
 

Simple FX

Simple FX does not charge for deposits or has any trading fees. Cryptocurrency withdrawals in bitcoin and litecoin are free of charges, withdrawals to bank to to credit cards however has some smaller fees.
 
Visit Simplefx Website Read Simplefx Review
 

Here is some more information about trading fees:

• Search for hidden trading fees
• What are Crypto transaction fees?

Understanding Maker / Taker fee models:

• What's a maker taker system?
• What maker taker fees mean to you