An exchange is a portal on the internet allowing the buying and selling of type in cryptocurrency. The fees are very low, the exchanges are done instantly and these platforms have mostly added many related services. We will see in this article which are the best exchanges and what it will cost you to use them.
Let's start with two exchanges that I particularly like. On one hand for their simplicity, indeed, some exchanges tend to display information really everywhere, on the other hand for their really low fees. You can find the ranking of exchanges, classified by rating, volume, visit to the site and number of currencies on the site Coinmarketcap, this site also ranks all cryptocurrencies on these same criteria.
Poloniex is 14ᵉ of the CoinMarketCap ranking with a rating of 7.3, we can see that the platform manage 187 cryptocurrencies, gathers more than half a million weekly users and its 24-hour trading volume has been more than $200 million.
Here's an overview of the interface:
It is one of the cheapest platforms in the cryptocurrency ecosystem. The service charges with the "Maker/Taker" principle meaning that you will be charged when a buy or sell order is executed. The fee is on a sliding scale depending on the volume you trade over a rolling 30 day period.
Here is an overview of Poloniex fees:
Bitfinex is 9ᵉ of the CoinMarketCap ranking with a score of 7.9, we can see that the platform manage 136 cryptocurrencies, gathers more than a million users every week and its 24-hour trading volume was almost $800 million.
Here's a look at the interface:
It is also one of the cheapest platforms in the cryptocurrency ecosystem. The service charges with the "Maker/Taker" principle meaning that you will be charged when a buy or sell order is executed. The fee is degressive depending on the volume you trade over a rolling 30-day period. Unlike Poloniex which offers an equivalent level of fees on both sides, the Taker fees will be slightly higher while the Maker fees will be lower on Bitfinex.
Here is an overview of the Bitfinex fees:
Binance is the #1 ranked CoinMarketCap with a score of 9.9, we can see that the platform manages 366 cryptocurrencies, has over 38 million weekly users and its 24-hour trading volume was over $32 billion.
Here's a look at the interface:
It is also the cheapest platform in the cryptocurrency ecosystem. The service charges with the "Maker/Taker" principle meaning that you will be charged when a buy or sell order is executed. The fee is on a sliding scale depending on the volume you trade over a rolling 30 day period. Here, no problem, all your executed buy or sell orders will cost you 0.1% of the transaction amount.
Here is an overview of Binance's fees:
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