High trading fees are notorious for quietly eating into crypto profit.
Robinhood’s services do not come with per-trade fees or commissions. Instead, Robinhood makes money through other channels.
The Revolut X app focuses on providing users with advanced tools, along with extremely low fees.
bitFlyer is one of the biggest names among crypto exchanges with a no-fee trading experience.
Strike and River keep their fees down by focusing on a single asset rather than focusing on multiple coins.
High trading fees can look harmless from the start. However, they are notorious for quietly eating into crypto profit.
This means that whether you're a beginner dipping your toes into Bitcoin or a seasoned trader executing multiple trades a day, reducing costs is important for increasing returns.
The good news in this scenario is that some platforms make it easier to keep more of your crypto as profits, by offering zero or ultra-low trading fees.
Even though a completely fee-free exchange across all features is rare, several of them stand out as extra friendly in this regard.
Here are five of the best ones.
This platform’s name comes from its offering of commission-free stock trading.
Before long, it quickly became the go-to choice for casual investors. Fast forward to now, and it has extended the same convenience to crypto trading.
Users in the US particularly, can enjoy Robinhood’s clean and easy-to-use interface for buying and selling crypto.
What’s more, these services do not come with per-trade fees.
Instead of charging a direct trading commission, Robinhood makes money through other channels like interest on idle cash in user accounts, selling order flow to market makers, and its premium subscription called Robinhood Gold.
The Robinhood gold model | Source: Robinhood
This model allows users to trade more easily without visible fees.
Robinhood is therefore attractive to newcomers who want to avoid the common issues with traditional exchanges.
Revolut X
This platform was created by fintech giant Revolut. It is designed with active traders in mind, unlike the standard Revolut app.
The Revolut X app focuses on providing users with advanced tools, along with extremely low fees.
Crypto exchange from Revolut | Source: Revolut X
The app requires 0% for maker orders and just 0.09% for taker trades.
More importantly, these rates apply across all trading volumes and is therefore a strong candidate for traders who trade frequently.
Users also get to enjoy seamless integration between the Revolut X app and the main Revolut accounts.
This means that you can move money or crypto between either instantly, without extra charges.
The app even comes with advanced charting tools from TradingView, along with the exact amount of real-time data and analysis that experienced traders need.
bitFlyer
bitFlyer is one of the biggest names among crypto exchanges with a no-fee trading experience.
However, it is important to note that this service is only available in a specific section of its platform.
The bitFlyer platform | Source: bitFlyer
Users who use the "Buy/Sell" marketplace can trade crypto without any added fees, as opposed to the more advanced "bitFlyer Lightning" exchange.
The zero-fee option is available only on the simpler interface.
This arrangement benefits beginners who want a fast and seamless trading experience the most.
The only tradeoff is that the advanced platform offers much deeper tools and more complex order types.
Strike and River
Users who trade Bitcoin only will appreciate Strike and River, two platforms that are focused on Bitcoin and are big on low to zero trading/withdrawal fees.
Strike and River keep their fees down by focusing on a single asset, rather than focusing on multiple coins.
The river platform | Source: River
This helps them to stay relatively cheap or fee-free even,
While Strike often charges nothing (or next to nothing) for transactions, River has tighter spreads and is highly transparent.
In all, both of these platforms are great for users who plan to buy and hold with occasional transfers here and there.
They both have minimal fees and a clean user experience and are ideal for building an ideal portfolio without being hit by fees along the way.
Users must note that there is no one-size-fits-all solution when it comes to zero-fee crypto trading.
However, these platforms offer the best variety of cheap or free options for different kinds of traders.
When choosing a platform, take time to compare more than the trading fees.
Look at other factors like interface, liquidity, security, and overall experience.
Remember that all it takes to trade smarter is a little research.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.