The crypto industry is an amazing one, except for the fact that, sometimes, seemingly insane charges can greatly eat into your returns if you don’t use an exchange with affordable fees. When buying Bitcoin, it’s important to treat the fees as a critical factor influencing your choice of exchange. Low-fee crypto exchanges give you the freedom to make more transactions at lower costs. For example, you will enjoy making frequent deposits and withdrawals — if the exchange you are using charges little to no fees. The most common types of fees applied by crypto exchanges are trading fees, withdrawal fees, deposit fees, and margin fees.
Why buy and sell Bitcoin without fees?
All in all, it’s a dream come true for many crypto traders to use an exchange that allows them to send and receive Bitcoin without being charged astronomical fees. Competitive fee models lessen the costs of regular trading, which is good for both beginners and high-volume traders.
While the lowest fee exchange may not necessarily be the best in terms of security, it’s up to you to look at your unique situation and weigh the pros and cons before you choose a particular exchange.
How to buy Bitcoin without a fee
Here are major platforms to buy Bitcoins at zero or low fees.
Where to buy Bitcoin with low fees in Turkey
NakitCoins is one of the leading crypto websites in Turkey and the world as a whole. This fully decentralized crypto exchange simplifies buying and selling Bitcoin at low fees and without any limits. As the number-1 crypto cashpoint broker in Turkey, NakitCoins customers can buy Bitcoin with credit cards and Neosurf cash vouchers instantly. Swap your digital currencies and withdraw your coins for cash at fees as little as 1%.
Coinbase is a popular Bitcoin broker exchange that allows users to buy and sell cryptocurrency without high fees. All you need to do is to sign up and get verified to place your transaction. Supported fiat currencies include euros and US dollars. While the exchange is based in the United States, Coinbase operates in over 32 other countries worldwide including Singapore, Canada, and several European countries.
On Coinbase’s low fee exchange, you can expect to pay at least 1.49% of your transaction in fees when you buy BTC. The same fees apply when you load your Coinbase account with fiat currency before the purchase. The good news is that for bank deposits made to your Coinbase account with fiat currency, the exchange doesn’t charge you a dime.
For purchases made via a credit card or debit card, you will pay at least 3.99% in fees.
Why Coinbase is unlike any other crypto site: the Coinbase exchange is yet to suffer a major security breach and it stores about 98% of its funds offline.
CEX.io is a London-based crypto broker that serves almost 99% of countries, including 24 American states. CEX charges users up to 7% for buying Bitcoin with their credit cards. But if you deposit funds into your account before making a purchase, you will enjoy surprisingly low fees (0.25% for purchases less than 5 BTC).
Coinbase users can top up their accounts with fiat currencies such as USD, EUR, and GBP for free.