Trading fees comparison

Apart from trading volume, security and liquidity, one of the most important things while choosing the crypto exchange is to understand the fees that you will pay executing the trades. All cryptocurrency exchanges distinguish two types of fees: maker fee and taker fee.

In this article, we will compare the trading fees of most popular cryptocurrency exchanges, including Deribit, FTX, ByBit, BitMEX, Binance, KuCoin, OKEX, Huobi, Gate.io and HitBTC.

Maker fee

If you place the limit order and it will not be executed immediately and will stay in the order book you will add volume to the market. These orders add volume to the order book, helping to "make the market". Such contributions will be rewarded by the exchange in providing lower trading fees to market makers. 

Taker Fee

On the other hand, if you will place a market order that would be immediately executed, the exchange will charge you a higher fee as you take the volume out of the market. 

Apart from the type of trading fees, different crypto exchanges also vary their fees based on the trading volume of the user. This works like a loyalty program. The more you trade on the particular exchange the greater trading fee discount they will be willing to provide.

Let’s compare the top cryptocurrency exchanges based purely on their entry-level trading fees: 

Exchange	Maker	Taker
Deribit FTX ByBit BitMEX Binance KuCoin OKEX Huobi Gate.io HitBTC	0.0000% 0.0200% -0.0250% -0.0250% 0.1000% 0.1000% 0.1000% 0.2000% 0.2000% 0.1000%	0.0500% 0.0700% 0.0750% 0.0750% 0.1000% 0.1000% 0.1500% 0.2000% 0.2000% 0.2500%

*Negative fees mean that the trader will get a rebate from the exchange.

Automated trading platform

On Wunderbit Trading, you can automate trading on major exchanges and copy-trade easily.