What are cryptocurrency fees? Detailed Comparison Guide to Exchange Fees

Types of Cryptocurrency Handling Fees

Cryptocurrency transaction fees are divided into the following categories:

Contents

Types of Cryptocurrency Handling Fees What are the handling fees for cryptocurrencies?Comparison of Major Exchanges' Handling Fees Ways to get a virtual money fee waiver Frequently Asked Questions Q&A

Transaction FeeMaker and Taker fees are usually included, i.e., the "order placing fee" and the "order taking fee"; the Maker fee is usually lower for liquidity providers, while the Taker fee applies to immediate traders of the market price.
Withdrawal Fee: The fee charged for withdrawing cryptocurrency to an external wallet is based on the blockchain's transaction network fees.
Deposit and Withdrawal Fees: Fees for bank transfers or credit card top-ups, for which some platforms charge extra.
Other Hidden Fees: Includes surcharges paid by credit card, monthly service fees or membership fees, etc.

Cryptocurrency Handling Fee

What are the handling fees for cryptocurrencies?

The calculation of the virtual money handling fee depends on the fee structure of each exchange, with rates set primarily for "Maker and Taker" transaction types.

Simply put.Maker FeeApplicable to limit order holders, i.e. liquidity providers, usually at a lower rate;Taker feeThe fee is paid by the trader who immediately accepts the market order, which is relatively high. Generally, exchanges adjust their rates according to trading volume levels, so the higher the monthly trading volume, the more discounts on handling fees you will enjoy.

In addition to pegging and order eating fees, many exchanges have different rates for withdrawal fees, depending on the cost of trading that cryptocurrency on the blockchain network.
Some exchanges also charge additional fees during high-volume trading sessions, or extra fees for recharging credit cards or bank transfers. Therefore, it is important to understand how fees are calculated and what hidden fees are charged before trading to help maximize your return on investment.

Comparison of Major Exchanges' Handling Fees

For comparison purposes, the following is a list of the current fees of the major cryptocurrency exchanges, please refer to the official pages of each platform for updated data.
In addition, the use ofMike's Exclusive Rebate LinksinEuro Exchange (OKX) Registered users can enjoy20% Permanent Handling Fee Offer!

stock exchange	Maker Rate	Taker rates	Withdrawal Fee	Additional Notes
Binance	0.10%	0.10%	Based on blockchain fees	Offers available with BNB
Coinbase	0.40%	0.60%	Depends on the cryptocurrency	High liquidity transactions are suitable
Kraken	0.16%	0.26%	Based on cryptocurrency	Provide PRO version with low rate
Kucoin	0.10%	0.10%	Based on network charges	Supports multiple cryptocurrencies
OKX	0.08%	0.10%	Based on cryptocurrency	Register to enjoy commission rebate
Gemini	0.25%	0.35%	Dependent Currency	Provide low rate Custody
Bitstamp	0.30%	0.40%	Dependent Currency	Supports multi-currency top-ups

Ways to get a virtual money fee waiver

Euronext OKX Exchange Registration Entrance, Permanent 20% Fee Remission

Reducing fees is an important strategy, especially for high-frequency traders. Below are some common ways to minimize your virtual currency fees:

Payment of handling fees with platform tokensSome exchanges, such as Binance and OKX, allow the use of platform tokens (e.g., BNB or OKB) to pay for fees and offer discounts, usually ranging from 25% to 50%.
Take advantage of referral or rebate programsRegister with OKX through Mike's exclusive rebate link to receiveDiscounted Handling Fee for Permanent 20%This can add up to a significant fee waiver over a long period of time. In addition, other platforms may also offer fee discounts through invitation or referral mechanisms, which can be particularly cost-effective for new users.
Maintain a certain volume of transactionsSome exchanges offer discounts for high volume users, which means that the platform will automatically downgrade the handling fee once the monthly trading volume reaches a certain standard, making it suitable for professional investors.

Frequently Asked Questions Q&A

Do handling fees affect investment returns?
Yes, the level of commission has a direct impact on profitability. Especially for high-frequency traders, choosing a low-fee exchange can significantly increase profits.
Which platforms waive some of the handling fees?
Euronext uses OKB to reduce fees, Gemini offers low rates on Custody, and platforms such as Robinhood waive fees on some trades.
How to choose the right exchange?
Choose the appropriate rate structure based on trading frequency and demand. The average investor is suited to an exchange with high liquidity and transparent rates.