As of writing this, the exchange in question supports over 170 different crypto coins and tokens, and utilizes a large number of trading pairs between them. Traders can also enjoy some industry-leading security features, fiat deposits, and some other benefits associated with high-level crypto exchanges. Specifically, the market maker and taker trading fees on Bitfinex are 0.1% and 0.2%, respectively. Naturally, since this is a list of the cheapest cryptocurrency exchange, you can probably imagine that Bitfinex fees are also very notable, as well.

The exchange has special trading pairs for which the fees might be even lower than usual. Speaking of special offers, you can do wonders to MEXC fees with its native token, MX. For one, you can use the MX Deduction feature to get a 20% discount on spot and futures fees. USDT futures contracts. Of course, this is subject to change, so make sure to always check out the newest special offers on MEXC.

Sign up to the Bybit crypto exchange & earn huge Bybit referral code rewards of up to $30,050. Deposit and trade to elevate your VIP status to unlock higher-tier rewards! At this point in time, however, the platform has a thriving spot market, and allows its users to trade, exchange, deposit and withdraw a few different cryptocurrencies. Bybit started out as a derivatives-exclusive crypto exchange. That being said, straight off the bat – if you’re looking for derivates trading functionality, Bybit is a good place to start.

However, if you want to have the lowest possible fees (reaching SVIP5), you’ll have to hold at least $3 million worth of funds in your account or have a 30-day trading volume of at least $1 billion. These include priority support, exclusive VIP events, a dedicated VIP manager, higher withdrawal limits, and even various gifts (and I’m not only talking about vouchers; think birthday gifts, travel packages, and physical goods). Do note that apart from discounts on fees, each level of the VIP program, VIP1-VIP7 levels included, brings other benefits.

That aside, Poloniex is still seen as a decent crypto exchange platform, even with the earlier-mentioned stain on its reputation. All in all, a platform worth looking into, especially if you’re on the lookout for the cheapest cryptocurrency exchange! Don’t invest unless you’re prepared to lose all the money you invest. The platform requires no verification (unless you plan to trade some high amounts of crypto), is simple to use, and provides decent customer support if needed, too.