You can check trading fee comparison here https://coinmarketfees.com/exchanges
and the best fees is Mexc (Spot maker:0% Spot taker:0% Futures maker:0% Futures taker:0.01%).
I don't know if it's a reasonable offer or valid for the average user and all pairs.
I have no idea with the price spread, I think you can find out by checking the volume of their trading pairs on aggregator sites.
Topic: exchanges with lowest fees and lowest spread (Read 171 times)
If we only trade but our profit is just to cover up the fee then we have to stop what we're doing.
That's what scalping is. arbitrage traders also gives the majority of their profits to exchanges to trade tiny spreads before others take them out, and yet I think its one of the most reliable strategy you can use if you have good algorithm.
There are a couple of ways to fix this problem and I love to suggest to add a leverage if we're trading futures so that if ever the market only increase 1%, you can still be profitable.
But fee that exchanges takes depends on the position you take not the collateral you have. So if you open a 1000$ position with 100x leverage a fee is taken from 100 000$ position (for instance 0.075% *100 000$ = 75$). So leverage does not helps here.
I know that scalping is the very risky type of trading but if you know what you're doing you can also become profitable.
Scalping is not risky because you are taking tiny profits or tiny loses. You can always stop if strategy is not profitable and you are consistently loosing.
I don't understand why do people mind the crypto trading fees while you can possibly get it back if you win a trade. Fees in crypto is a little bit higher compared to forex but both of them will not reach 1% trading fees of the capital. If you have a working trading strategy and with a good risk management you can handle those fees. So it's doesn't matter if the fees is high or not, what does matter is to make sure that you always follow your trading plan with risk management to be profitable.
You're right. Those who make it a priority with what fees are charged trading are those who aren't too sure they can make a kill trading. Otherwise what should concern every trader is the security of their funds on exchanges they use and their ability to withdraw whenever they want. What's the benefit having little or zero fees charged for trading when the trader can't withdraw? There should be a call for traders to pay more attention to important things on exchanges than meagre fees charged trading.
Unless you are trading heavy volumes the typical rate for derivatives are 0.02/0.05% for maker and Taker. So basically try and make limit orders instead of market orders and your fees will be very low. Hard to go any lower honestly unless you are trading huge volumes.
Also make not of the spread. Some exchanges might have lower fees but spread could be wider and it won’t help. So make sure the spread is similar to Binance or Bybit when it comes to the same pair.
Also make not of the spread. Some exchanges might have lower fees but spread could be wider and it won’t help. So make sure the spread is similar to Binance or Bybit when it comes to the same pair.
Try checking out these websites, but I don't know updated they are. You are probably going to check out each exchange to confirm this. The good thing is that the information is publically available, and you don't have to register to an exchange in order to know their fees.
1. https://exchangewar.info
2. https://coinmarketfees.com/exchanges
1. https://exchangewar.info
2. https://coinmarketfees.com/exchanges
What are the best options right now for scalping (important that the exchange has a low spread and a low fee...)
Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
To be honest, lowest spread and fees especially in futures also, I have seen only in Binance, but as you are saying it doesn't works in your country your best bet will be OKX and Kucoin. Fees is definitely low but spread isn't that low but overall you'll find it great trading here. Even Bitget has been used by a lot of people so that can be an option as well. Apart from these the spreads will be too much even if you save in fees you'll pay in slippage. Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
I don't understand why do people mind the crypto trading fees while you can possibly get it back if you win a trade. Fees in crypto is a little bit higher compared to forex but both of them will not reach 1% trading fees of the capital. If you have a working trading strategy and with a good risk management you can handle those fees. So it's doesn't matter if the fees is high or not, what does matter is to make sure that you always follow your trading plan with risk management to be profitable.
the author clearly says that it is not about ordinary trading but about scalping. With scalping, the profit you get from good trades often does not exceed 1%. Assuming that 60% of trades are profitable, the average profit is 0.6%. paying 2x the fee (when buying and selling) with a total value of 0.2% causes that 30% of your profits go to the exchange.
I don't understand why do people mind the crypto trading fees while you can possibly get it back if you win a trade. Fees in crypto is a little bit higher compared to forex but both of them will not reach 1% trading fees of the capital. If you have a working trading strategy and with a good risk management you can handle those fees. So it's doesn't matter if the fees is high or not, what does matter is to make sure that you always follow your trading plan with risk management to be profitable.
the author clearly says that it is not about ordinary trading but about scalping. With scalping, the profit you get from good trades often does not exceed 1%. Assuming that 60% of trades are profitable, the average profit is 0.6%. paying 2x the fee (when buying and selling) with a total value of 0.2% causes that 30% of your profits go to the exchange.
You may use BTCTUSD on Binance Spot. There are no fees for already some months because they like to push TUSD.
For me this is a good choice to improve my strategy. Of course there is no guarantee this opportunity ends any time.
If it does, I will improve intervals and rearrange my parameters in order to pay the fees. Strategy remains same. Maybe this is a solution for you too?
For me this is a good choice to improve my strategy. Of course there is no guarantee this opportunity ends any time.
If it does, I will improve intervals and rearrange my parameters in order to pay the fees. Strategy remains same. Maybe this is a solution for you too?
I don't understand why do people mind the crypto trading fees while you can possibly get it back if you win a trade. Fees in crypto is a little bit higher compared to forex but both of them will not reach 1% trading fees of the capital. If you have a working trading strategy and with a good risk management you can handle those fees. So it's doesn't matter if the fees is high or not, what does matter is to make sure that you always follow your trading plan with risk management to be profitable.
Maybe they are just too mindful in all expenses that they are dealing with, maybe they do book keeping so that it will be easier for them to find out if below much in a month, quarterly or a year they are spending. For me who don't want to spend a little bit big money don't want to spend on gas or transfer fee, for me it will be added to my expense and loses. 
I don't understand why do people mind the crypto trading fees while you can possibly get it back if you win a trade. Fees in crypto is a little bit higher compared to forex but both of them will not reach 1% trading fees of the capital. If you have a working trading strategy and with a good risk management you can handle those fees. So it's doesn't matter if the fees is high or not, what does matter is to make sure that you always follow your trading plan with risk management to be profitable.
I believe because on this instance which the OP will do few quick trades, The fee will be important since the profit margin on this kind of trade is very small.
On a long term investment, Fee is indeed negligible because you will only need to pay it few times but this is different scenario on short trade because you are paying it frequently while you only take small profit.
Trade on CEX exchange you don't spent much fees transaction and I think $102 funds its most cheapest fees transaction under $0,1, actually Binance with pair BUSD ever not fees transaction yet but right now they have adopted fees for all pair transaction but still lower. If you can earn profit with $102 fund and become $120 I don't think bad have to pay fees under $1, its normal for all exchange fees transaction and you will pay higher or bigger fees when trading in dapp exchange like Pancke. You will surprise when trading with dapp on ethereum network at Uniswap and need to pay higher fees each time swapping coins.
There are not exchange are lower fees transaction for trading, in my local exchange have to pay almost 0.3% each time transaction including with taxes have to pay for government.
There are not exchange are lower fees transaction for trading, in my local exchange have to pay almost 0.3% each time transaction including with taxes have to pay for government.
What are the best options right now for scalping (important that the exchange has a low spread and a low fee...)
Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
Trading fees is not a big matter for trading Because every exchange charge very small amount of fees for trading. So don't decide to deposit money in any scam exchange thinking about free trading. and always try to use an exchange that has high trading volume and lots of orders for the coin you are thinking of trading. then there you can buy/sell that coin very quickly at your expected price. I don't know why you are interested in using bingx when it is not a popular crypto exchange. Or somehow you're here to promote it! If your intention is to promote exchange then I would advise you to open a proper ANN Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
I don't understand why do people mind the crypto trading fees while you can possibly get it back if you win a trade. Fees in crypto is a little bit higher compared to forex but both of them will not reach 1% trading fees of the capital. If you have a working trading strategy and with a good risk management you can handle those fees. So it's doesn't matter if the fees is high or not, what does matter is to make sure that you always follow your trading plan with risk management to be profitable.
What are the best options right now for scalping (important that the exchange has a low spread and a low fee...)
Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
Have you try Kucoin, gate.io, Bitmart, mexc, cointiger but I'm not exactly sure if these exchange in which I had mentioned has a futures trading,it is because most of the time I only trade to all these platform on spot trading.
However, you can make your own research in which exchange that are good into trade activity particularly in futures trading anyway, at least through dyor you can find out also in which of them has a lowest fee charge too.
I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...
0.046 or 0.046%? What about spread and slippage on bingx because it does not seams to be a popular exchange. On such exchanges, there is usually no real movement and only the price change from other exchanges is transferred through arbitrage traders. It is difficult to achieve successful scalping in such conditions. In my opinion, it is even better to pay more in fee than always being a taker with a price of +-0.5% to prices from other exchanges (1% spread). Trading on binance futures is prohibited in Spain, but binance spot is available. Therefore, I recommend binance spot, and if you need leverage and the ability to take short positions, margin trading will be the solution for you.
What are the best options right now for scalping (important that the exchange has a low spread and a low fee...)
Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
Right now I am using bingx and this is the fee they charge me:
Position of 102 dollars in the pair BTC/USDT I was charged a commission of 0.04608 to open and a commission of 0.04608 to close ...(for those who do day trading will seem a low fee but it is difficult to be profitable scalping with these fees ....
I live in Spain and we are not allowed to use bybit and binance futures ....any other options
how much would I have paid in other exchanges for a position of 102 dollars? and do those exchanges have a better spread than bingx?
Jump to: