00:00Saving fees on your cryptocurrency trades is one show of how professional traders actually operate because every dollar counts when
00:11you're executing your trades.
00:13Today we're covering the lowest fees in 2020, particularly focusing on four platforms, which are some of the best or
00:21the top rated cryptocurrency exchanges in the entire world.
00:25So Bybit, Binance, Coinbase and Kraken to see who actually is giving the lowest fees depending on the type of
00:35trades that you may want to get involved with as a trader.
00:39If you want to get started with any of these platforms, just make sure you check out the links down
00:43below.
00:44Let's just go over a quick breakdown exchange by exchange right off the fees.
00:49Binance is seen as kind of the volume king with a spot default tier of 0.1% on the
00:57maker, 0.10% on the taker fees with a BNB discount, which is 25%.
01:04If you hold that ecosystem token, the fee is effectively 0.075% on the maker and the taker side.
01:13Futures 0.02% on the maker and 0.04% on the taker side.
01:19BTC withdrawals also about $12 per 60K BTC, for example.
01:27So it's quite a good exchange.
01:32Some hidden costs when it comes to network fees for small market cap tokens, which are a bit higher than
01:38some of the competitors.
01:39When we look at Bybit on the other end, which is kind of seen as the derivatives leader with good,
01:45strong spot markets as well.
01:48They are pretty much in the same 0.10% on the maker-taker side.
01:54No native token discount needed.
01:56On the futures side, you've got 0.01% on the maker, 0.06% on the taker.
02:03At VIP3, 500K plus monthly maker fee drops to 0, right?
02:11So BTC withdrawals a little bit higher than Binance, but withdrawal fees for ERC-20 tokens also can be a
02:22little bit higher than on Binance.
02:24Oh, on a platform like K6, which is one of my favorite exchanges, no KYC and zero fees.
02:34Pretty much you can kind of withdraw ERC-20 tokens even at zero cost.
02:40That's K6, it's not part of the comparison in this video, but it's one of the top rated no KYC
02:47platforms in the world right now,
02:51especially for those that are facing a lot of difficulties with accessing exchanges, maybe if you might, regulations or whatever.
03:01But I'm guessing, you know, people want to look at alternatives that may be able to access, of course.
03:07Just make sure you are able to within your jurisdiction and follow the laws.
03:13But Kraken, on the other hand, an underrated withdrawal champion here.
03:18Spot 0.16 on the maker, 0.26 on the taker, so a little bit more expensive on the fee.
03:26Kind of a setup day compared to Binance and Bybit volume discounts started 50k plus a month.
03:34Futures on Kraken futures, 0.02 on the makers, 0.05 on the taker side.
03:41And BTC withdrawals pretty much par with Binance and best for kind of people that like to move USDC frequently,
03:50right?
03:50So you can get started on Kraken and, of course, get with that program.
03:59And when it comes to just, like I said, these are some of the top exchanges, right?
04:04Then you've got Coinbase, which has a kind of a beginner premium, advanced required for low fees, 0.4.
04:12On a maker, 0.6 on the taker side, Coinbase simple, spread plus flat, kind of circa 0.5 to
04:234%, so not for serious traders.
04:26But, you know, if you hold a balance that is less than 30k USDC, USD, for example, Coinbase 1, which
04:34is a $29.99 subscription a month,
04:39kind of eliminates all of the fees, including spreads, which is kind of a good deal for large infrequent trades,
04:46right?
04:46So ultimately, at the end of the day, crypto fees do look simple until you actually start trading, right?
04:52So the real cost is not just the maker and the taker fees.
04:55It's also the withdrawal cost, the volume costs, the spreads, the fees, the network fees, how often you move funds
05:01off the platform as well.
05:02At the end of the day, Binance and Bybit are the cheapest for most active traders and cracking underrated for
05:10good withdrawals in terms of especially USDC amounts that you get charged.
05:15And Coinbase is still one of the large exchanges, especially in the US.
05:19So check out the full breakdown in the links down below and like, share, subscribe and get started with the
05:25links so you can get the full rebates, free discounts and bonuses as well on some of those exchanges.
05:32Like, share, subscribe, turn on the notifications.
05:33And like I said, if you want a no KYC, zero fee platform that's reliable, good UI and a fantastic
05:41product, K6 is the better alternative.
05:45Peace, y'all.
05:49Peace.
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