Are you looking for a place to buy Bitcoin without paying humongous fees? We bring you a list of exchanges where you can do this. They’re generally exchanges that charge low fees on all transactions, including Bitcoin’s.
Bitcoin reached an all-time high price of over $60,000 in 2021, but crashed to under $16,000 in 2022. Coming into 2023, the top cryptocurrency has started recovering. it reached a yearly peak of $30,000, but has dropped slightly and analysts believe its chart pattern suggests further drop to lower levels.
While this may be a cause to panic for some investors, those who know their onions understand that this is another opportunity to buy if you wish to invest in the asset. A major concern for most people is the huge fees that characterize Bitcoin transactions.
We’re getting that out of the way with this list of exchanges you can use to buy the asset with lower fees, and here they are.
Binance is known as the largest crypto exchange in the world, but there’s more to it than that. It is one of the exchanges that charge he lowest fees in the industry, probably because it has high volume. Binance charges lower fees than most exchanges, and is one of the most reliable exchanges, of course that’s why many use it.
You can enjoy even lower transaction fees by buying and using the platform’s native token Binance Coin (BNB) to pay for transactions. If you’re looking for a secure option to buy Bitcoin with low fees, Binance is a good place to go.
CEX.IO is one of the best crypto exchanges out there. It is one of the exchanges that have a low-fee reputation. Not only that, it is also a beginner-friendly exchange where anyone can easily trade cryptocurrencies.
Are you a newcomer in the crypto space looking to buy Bitcoin? This is the destination for you. It has a simple user interface that you can easily navigate, and you can buy Bitcoin instantly using a credit card if you can’t wait for days to process bank transfers and other forms of payment.
CEX.IO also doesn’t charge deposit or withdrawal fees, which is another strong reason to use it. After buying your Bitcoin, you can withdraw 100% of it to your wallet, except for network fees.
Bybit is a derivatives crypto exchange with the reputation for charging low fees. The exchange recently announced it will be relocating its head office to Dubai, but that has not changed the quality of its services in any way.
It is not just cheap to use, it is also a beginner-friendly exchange with users from all over the world. It is one of the fastest exchanges also, processing over 135,000 transactions per second. Like CEX.IO, Bybit allows you to buy Bitcoin instantly using a credit card, an option that some exchanges don’t offer.
If you’re a beginner looking for a friendly and affordable platform to buy your first Bitcoin, Bybit offers such a platform. However, it charges a fee of 0.0005 BTC per Bitcoin withdrawal which is still very reasonable compared to other exchanges.
Kraken has the reputation of being the most secure crypto exchange in the world because it has never being breached even though it’s one of the oldest exchanges in the industry. Founded in 2011, the exchange is also known for high liquidity and low fees, two things that make for a good exchange.
Although it is not particularly good for beginners, it is one of the options for buying Bitcoin at low fees. The downside is that it doesn’t allow buying with credit cards, so you don’t get instant buy. However the other channels of purchasing are very affordable.
Conclusion
These are four of the top crypto exchanges you can use to buy Bitcoin without paying huge transaction fees. Depending on your experience with using exchanges, you may find some more suitable than others, but each one is reliable in its own way.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
