Looking for an alternative to Coinbase, Binance, and eToro, the world’s most famous cryptocurrency trading platforms? There are now zero-fee cryptocurrency exchanges. They allow users to purchase, sell, and trade Bitcoin and other cryptocurrencies without paying any fees. Not only that, but it could make all of the difference between a losing or winning trader in the long run for active investors. For your convenience, we’ll go through the best places to exchange cryptocurrency without paying any fees in this post. Before you begin, some exchanges need you to have a Bitcoin hardware wallet, such as the Ledger Nano X. Therefore, read our guide to the best cryptocurrency hardware wallets if you don’t already have one.

How to Trade Cryptocurrency Without Paying Any Fees

Follow these steps to trade cryptocurrency without paying any fees or commissions:

  1. Create a new account with Phemex, which provides no-fee cryptocurrency trading.
  2. Select ‘Spot Trading (Zero Fees)’ from the ‘Products’ menu.
  3. Look for Bitcoin or another cryptocurrency that you want to buy, trade, or sell on the internet.
  4. Enter the sum of cryptocurrency you want to buy or sell against another cryptocurrency.
  5. To complete the trade without fees, click the ‘Buy’ or ‘Sell’ button.
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Where To Trade Bitcoin Without Paying Any Fees?

Here’s a list of no-fee crypto exchanges where you can swap and buy Bitcoins:

  1. Phemex: Demo account and fast trade execution
  2. Crypto.com: A leading digital marketplace that offers a diverse range of products.
  3. Kucoin: A well-known exchange for trading altcoins.
  4. Digitex: An advanced forum for crypto day traders.
  5. Amplify: Designed for beginners to transact against fiat currency, Bitcoin, and Ethereum.
  6. Shapeshift: Instant crypto swaps with no fees
  7. BLADE: Coinbase and other world-class investors have backed the project.
  8. Lykke: A new cryptocurrency and forex exchange.

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Comparisons of the Best Zero-Fee Exchanges for 2021

This article provides a summary and comparison of exchanges for commission-free Bitcoin and altcoin trading. However, are you searching for the top 5 crypto exchanges for affiliate marketers? They both are great for affiliate marketing. However, one group has fees (and commissions). Alternatively, the other doesn’t. 

Reviews of Cryptocurrency Exchanges with No Fees

Here’s a rundown of the best no-fee Bitcoin and cryptocurrency exchanges. Furthermore, tap on the exchange overview links below to learn more about each site.

Phemex

Phemex is a cryptocurrency exchange that provides spot, derivatives, and virtual trading on a single platform. Premium users of the trading platform can buy crypto without paying fees on the platform’s spot exchange for major cryptocurrency assets, including Bitcoin, Ethereum, XRP, and Link. The team, which was established in 2019 by a group of eight former Morgan Stanley executives, is dedicated to building a secure digital platform and becoming a leading cryptocurrency financial services provider. Also, Phemex works with merchants from all over the world, including the United States, Australia, and the United Kingdom.

Phemex Exchange includes some valuable features, including:

  1. On its spot-trading exchange, you can trade cryptocurrency without paying any fees (for premium users)
  2. Derivatives trading of up to 100x leverage and contract settlement in BTC and USD
  3. On a margin trading site, trading fees are competitive.
  4. Risk management of advanced order forms
  5. Beginners will practice with a cryptocurrency demo account.
  6. 300,000 transactions per second are possible (TPS)
  7. To keep funds secure on the exchange, use a cold wallet.
  8. App for mobile trading that is fast and sensitive
  9. Assets with a long history of finance (coming soon)

For the first week (seven days) after creating an account with Phemex, users can access the Premium Membership. However, by referring a friend to the exchange, you can extend it to 30 days. Users on the Exchange will need to buy Premium Membership, which begins at $0.19 USD per day after the trial period ends, to continue trading Bitcoin with no fees. Paying a subscription for no-fee crypto trading can seem an unnecessary expense for high volume investors and crypto day traders. Nevertheless, it is a small price to pay to purchase, trade, and sell crypto without paying fees commissions.

Crypto.com

Crypto.com is a cryptocurrency exchange that provides a variety of goods and services. The exchange has seen rapid growth in recent years, with over 1 million users on its network. Furthermore, it is a US-based backed cryptocurrency exchange. Crypto.com is a well-known website that provides a powerful alternative to conventional financial services, allowing everyone to purchase, trade, and sell cryptocurrencies with ease.

Thus, we expect Crypto.com to be one of the best cryptocurrency companies in the world within the next few years, competing with the likes of Binance and Coinbase, thanks to its rising list of features and crypto services. To promote the acceptance of blockchain technology and improve the user experience of using cryptocurrencies, Crypto.com is constantly innovating and creating new crypto services and products for its customers.

The following limited-time promotional deals are available at the exchange:

  • For new users, there is no trading charge for the first 90 days.
  • Current exchange customers can receive a 50% trading fee discount on all trades.
  • New users get a 2% bonus deposit interest rate for all deposits in the first 30 days.
  • Instantly send crypto to Crypto.com App users with no fees.
  • Purchase Bitcoin with no credit card fees.

Furthermore, the digital currency service provider puts various crypto services and features at your fingertips. That includes the ability to purchase, sell, exchange, invest, shop, gain interest on crypto, borrow money, and even pay bills with cryptocurrency. Also, to compete with Bybit and FTX, Crypto.com has announced the introduction of margin and derivatives trading soon.

Kucoin

Here is a cryptocurrency exchange created to serve people worldwide. Not only that, but it offers a simple forum for investors to trade digital assets and cryptocurrencies. KuCoin, established in late 2017, is one of the most successful cryptocurrency trading exchanges globally. With that being said, it has over 5 million users worldwide. Not only that, but it provides cutting-edge crypto services and products, such as a spot auction, derivatives markets, margin trading, staking incentives, a lending program that pays interest on crypto assets, and even the opportunity to purchase crypto with debit or credit cards.

The well-known trading platform recently introduced an ‘Instant Exchange,’ which allows users to access the highest available crypto exchange rate globally. You can purchase cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and XRP with no trading fees or commissions. Moreover, KuCoin Instant Exchange is a one-click cryptocurrency exchange service co-developed by KuCoin and a leading Wall Street high-frequency trading company. Not only that, but the Instant Exchange’s integration allows for immediate purchases of supported cryptocurrencies at the best available rates and no trading fees.

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Digitex

Digitex Futures Exchange (DFE) is a no-fee, peer-to-peer crypto futures exchange that lets users trade Bitcoin perpetual swap futures contracts with up to 100x leverage. The trading platform is based on Ethereum’s blockchain technology and offers a cutting-edge crypto futures exchange with no trading fees. However, to be eligible for zero-commission trading, users must balance the exchange’s native coin, the DGTX token. The demand for the DGTX token grows with each trade made by a customer.

By selling DGTX tokens to generate revenue, the platform can provide no-fee Bitcoin trading. Moreover, that means you can swap cryptocurrency often without fear of losing money due to exchange commissions and taker fees. Overall, we were very impressed with Digitex and the exchange’s direction. However, we’d like to see changes to the user interface, which seems to be out of date in terms of features and lacks advanced trade order forms. It is a vital aspect of trading because it is here where you can spend most of your time studying the charts.

Amplify

Amplify exchange was founded in 2019 to address issues in the crypto environment that stifle broader crypto acceptance and cause popular frustrations among crypto traders. Customers worldwide (except the United States and Canada) can buy and sell cryptocurrencies without paying any trading fees on the crypto exchange. Thus, it assumes there are no extra costs on top of the current crypto market price. Furthermore, there are no eligibility requirements for zero-trading fees, such as financial status, trading experience, or investment size, making it perfect for anyone.

Over 14 crypto pairs are available on Amplify Exchange, including:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Bitcoin Cash
  • Stellar Lumens
  • Dash
  • Cardano
  • NEO
  • Ethereum Classic
  • Basic Attention Token
  • ZRX
  • EOS
  • Amplify Loyalty Token (AMPX)

Besides that, you can exchange each crypto pair with zero fees and commissions against fiat currency, BTC, ETH, and the platform’s native coin, AMPX token. Please understand, you might be taken aback by the user interface the first time you log in. Of course, it’s not like other cryptocurrency margin exchanges. However, it is straightforward and suitable for beginners.

Shapeshift

Shapeshift is a decentralized marketplace founded by Erik Voorhees in 2014 that offers crypto services to users worldwide. In a seamless, safe, and stable environment, the online exchange allows users to switch between properties easily.

Also, you can instantly swap Bitcoin for another altcoin and vice versa without any hassle in a matter of minutes. The Shapeshift project has recently unveiled a new forum for buying Bitcoin with no fees to compete with other cryptocurrency exchanges. Users must keep their native FOX tokens eligible for commission-free, zero spread, and zero trading fees on Shapeshift. Plus, Shapeshift will deposit 100 FOX tokens into your account for free when you open an account.

You can now do the following with the new Shapeshift platform:

  • Link your KeepKey, Trezor, or Portis wallet or create a new one.
  • A strong dashboard will help you visualize the success of your portfolio.
  • By keeping FOX tokens, you can trade crypto instantly and for free with over a thousand asset pairs.
  • With your bank account, you can purchase cryptocurrency.
  • On your hardware wallet, you can send, receive, and HODL your digital properties.

BLADE

BLADE exchange provides Bitcoin and Altcoin crypto permanent contracts of up to 150x leverage for trading. To build a dedicated Bitcoin perpetual trading platform, the exchange is backed by world-class and trusted investors such as Coinbase and SV Angel. Furthermore, the cryptocurrency exchange has opened zero-trading and is one of the first to deliver no-fee trading in Bitcoin perpetual. Fortunately, that will help BLADE compete with other prominent cryptocurrency trading platforms that charge a taker fee on each transaction.

Furthermore, there are no limitations or eligibility conditions, so you don’t need to own a native token to trade without commission. Nevertheless, if you’re a crypto scalper or a high-frequency trader, the zero-trading fees on the BLADE exchange will enable you to join and exit trades with high leverage and low costs to benefit from minor price fluctuations (e.g., no trading fees). It’s worth noting that BLADE currently lacks any trading instruments or indicators. These features are critical for crypto traders, so expect BLADE Zero to include them when it launches.

Lykke 

Lykke is a cutting-edge Swiss digital exchange that trades forex, cryptocurrency, and cryptocurrency indexes. The platform accepts various fiat currencies, making it simple for new and seasoned traders to join the cryptocurrency market. You can exchange cryptocurrencies against Euro, GBP, CHF, and USD base pairs. There are some crypto-to-crypto swap services available, but they all charge a small trading fee. Lykke stands out because it allows traders on its platform to quickly swap and sell any cryptocurrency without paying any fees.

Lykke allows crypto investors to diversify their portfolios by purchasing the LyCI index token, which tracks the price of major cryptocurrency assets. Bitcoin and 24 common altcoins make up 59 percent of the index. You can download the platform as a desktop or smartphone app. Then you can use it to deposit money directly into the Lykke wallet. With no fees, fiat currency can be converted to digital currencies and exchanged for altcoins.

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Frequently Asked Questions

How Do I Get A Free Bitcoin Fee? 

Using a cryptocurrency exchange that provides zero fees and commissions on top of the spot market price is the perfect way to purchase Bitcoin without paying trading fees. In other words, users can deposit cryptocurrency and stablecoins on exchanges, including Shapeshift, Kucoin, and Phemex. In turn, users can then immediately trade them without fees or spread charges. Earning Bitcoins for free through loyalty programs, Coinbase Earn, and affiliate programs are some other options.

May I Use A Cryptocurrency Trading Exchange With No Fees?

Trading fees and commissions eat into your earnings over time and make a difference in your long-term income. Moreover, if you trade frequently. A zero-fee crypto exchange allows you to keep a small portion of your earnings rather than having fees eat away at your money on each transaction.

Final Thoughts

Day traders and scalpers will profit from the competitive market by taking advantage of minor price fluctuations during the day on cryptocurrency exchanges. Thus, the implementation of zero-fee trading platforms would boost competition and pressure other cryptocurrency trading exchanges to lower their fees.

So, can you make a move to a no-fee trading platform? Which cryptocurrency trading platform do you currently use? Share your comments below! 

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