Binance US, FTX, OKCoin are among the cheapest spot crypto exchanges

Binance U.S., FTX, OKCoin and Poloniex are the least expensive spot crypto exchanges to use, according to research conducted by The Block's Larry Cermak.

Those exchanges charge the lowest trading fees, or maker and taker fees. Maker fees are usually lower than taker fees as the former is charged for adding liquidity, while the latter is charged for removing liquidity from an exchange's order book.

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Cermak analyzed maker and taker fees of 20 leading crypto exchanges and found that FTX is the cheapest exchange for retail traders, while Binance U.S. and OKCoin are least expensive for institutional traders.

Coinbase, bitFlyer EU, Bitstamp and Gemini, on the other hand, are among the most expensive spot exchanges for crypto.

Coinbase, Bitstamp and Gemini, in particular, are expensive for retail traders, though Gemini's rates are on the low side for traders of significant size.


Binance used to be one of the least expensive crypto exchanges, but now it is one of the more expensive ones, especially for bigger traders. For retail traders – which is Binance's largest customer group – it still remains inexpensive.

To read the full analysis and more such data-driven stories, subscribe to The Block Research.

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About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.