Comparison of cryptocurrency platforms
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All cryptocurrency purchasing and trading platforms charge transaction fees and also withdrawal fees. Depending on the platform, these fees vary widely and can have a significant impact on your trading performance. The more active you are in trading, the more you go back and forth, the more important it is to take these costs into account. You are used to doing it for your stock exchange brokers so why not do it for cryptocurrencies.
This is subject that is not often discussed on the net, cryptocurrency "experts" are most often focused on giving you their affiliate links. Here is a comparison of cryptocurrency charges depending on the different purchase or trading platforms.
A cryptocurrency purchasing platform lets you convert your fiat currency into cryptocurrency. Some platforms also let you trade some cryptocurrencies for others. Here are the fees of the main players:
Bitfinex
- Transaction fees from fiat currency to crypto: 0.10% to 0.20%
- Withdrawal fees: 0.0004 BTC
Bithumb
- Transaction fees from fiat currency to crypto: 0.15%
- Withdrawal fees: 0.001 BTC
Bitstamps
- Transaction fees from crypto to crypto: 0.10% to 0.25%
- Transaction fees from fiat currency to crypto: 0.00% to 0.10%
- Withdrawal fees: 10 up to $1,000 and 2% for larger amounts
Coinhouse
- Transaction fees from fiat currency to crypto: 0.2%
- Withdrawal fees: 6 to 10%
Kraken
- Transaction fees from crypto to crypto: 0.16% to 0.26%
- Transaction fees from fiat currency to crypto: 0 to 0.36%
- Withdrawal fees: €0.09 or 0.0005 Bitcoin
Paymium
- Transaction fees from crypto to crypto : 0.19% to 0.59%
- Transaction fees from fiat currency to crypto: 0 to 8%
- Withdrawal fees: €20
A cryptocurrency trading platform lets you buy and sell one cryptocurrency for another. Here are the fees of the main players:
Bittrex
- Transaction fees from crypto to crypto: 0.25%
- Withdrawal fees: $10
Binance
- Transaction fees from crypto to crypto: 0.10%
- Withdrawal fees: 0.0005 Bitcoin ($4.14)
Coinbase
- Transaction fees from fiat currency to crypto: : 1.49% to 3.99%
- Withdrawal fees: $0.15
HitBTC
- Transaction fees from crypto to crypto : 0.10% to 0.20%
- Transaction fees from fiat currency to crypto: 1 to 2%
- Withdrawal fees: 0.00085 BTC
Poloniex
- Transaction fees from crypto to crypto : 0.15% to 0.25%
- Withdrawal fees: 0.0001 BTC
This is subject that is not often discussed on the net, cryptocurrency "experts" are most often focused on giving you their affiliate links. Here is a comparison of cryptocurrency charges depending on the different purchase or trading platforms.
Fees on cryptocurrency purchasing platforms
A cryptocurrency purchasing platform lets you convert your fiat currency into cryptocurrency. Some platforms also let you trade some cryptocurrencies for others. Here are the fees of the main players:
Bitfinex
- Transaction fees from fiat currency to crypto: 0.10% to 0.20%
- Withdrawal fees: 0.0004 BTC
Bithumb
- Transaction fees from fiat currency to crypto: 0.15%
- Withdrawal fees: 0.001 BTC
Bitstamps
- Transaction fees from crypto to crypto: 0.10% to 0.25%
- Transaction fees from fiat currency to crypto: 0.00% to 0.10%
- Withdrawal fees: 10 up to $1,000 and 2% for larger amounts
Coinhouse
- Transaction fees from fiat currency to crypto: 0.2%
- Withdrawal fees: 6 to 10%
Kraken
- Transaction fees from crypto to crypto: 0.16% to 0.26%
- Transaction fees from fiat currency to crypto: 0 to 0.36%
- Withdrawal fees: €0.09 or 0.0005 Bitcoin
Paymium
- Transaction fees from crypto to crypto : 0.19% to 0.59%
- Transaction fees from fiat currency to crypto: 0 to 8%
- Withdrawal fees: €20
Fees on cryptocurrency trading platforms
A cryptocurrency trading platform lets you buy and sell one cryptocurrency for another. Here are the fees of the main players:
Bittrex
- Transaction fees from crypto to crypto: 0.25%
- Withdrawal fees: $10
Binance
- Transaction fees from crypto to crypto: 0.10%
- Withdrawal fees: 0.0005 Bitcoin ($4.14)
Coinbase
- Transaction fees from fiat currency to crypto: : 1.49% to 3.99%
- Withdrawal fees: $0.15
HitBTC
- Transaction fees from crypto to crypto : 0.10% to 0.20%
- Transaction fees from fiat currency to crypto: 1 to 2%
- Withdrawal fees: 0.00085 BTC
Poloniex
- Transaction fees from crypto to crypto : 0.15% to 0.25%
- Withdrawal fees: 0.0001 BTC
