Best Zero-Fee Crypto Exchanges To Trade With No Fees

Trading cryptocurrency without fees is an easy way to maximize potential trading yields. 

Here are the top places to buy and sell cryptocurrency without taking on trading fees:

1. MEXC – No fees on spot and futures maker orders
2. Lykke – Trading crypto without commissions
3. Nexo - Zero fee trading with complementary crypto features

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The Top No-Fee Crypto Trading Exchanges Reviewed

1. MEXC - No fees on spot and futures maker orders

MEXC is a full-fledged cryptocurrency exchange that offers no fees for maker orders (limit orders that supply liquidity) placed on the spot and futures markets. This allows traders to make leverage orders up to 200x with no fees or commissions being incurred. Meanwhile, their fees for taker orders placed on the spot and futures markets are close to zero, at 0.1% and 0.01%, respectively.

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Create an account with MEXC and trade futures with zero fees.

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Unlike other crypto exchanges, such as Binance and ByBit, where fees apply, no fees for maker orders will be palatable for many traders. 

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Plenty of supported assets are offered on MEXC, with 2,268 coins and tokens available across 2,706 trading pairs. This selection is one of the largest ranges that can be bought and sold with zero fees if pending orders are employed. 

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In addition to spot and futures markets, MEXC offers various other features, including a crypto demo account, leveraged tokens, copy-trading, and TradingView charting.

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2. Lykke - Trading crypto without commissions

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Lykke is an innovative Swiss digital exchange that trades forex, cryptocurrency, and crypto indexes. The platform supports a variety of fiat currencies and serves as an entry point for traders into the Bitcoin market. 

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Lykke allows traders to swap and exchange any cryptocurrency quickly without paying any fees.

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Lykke allows crypto investors to diversify their portfolios by purchasing the LyCI index token, which tracks the price movements of the major cryptocurrency assets. The index includes 59% Bitcoin and 24 prominent altcoins. The exchange can be paid immediately with fiat cash, which can then be converted to digital currencies and traded for altcoins with no costs.

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3. Nexo - Zero fee trading with complementary crypto features

Initially renowned for its interest-earning wallets and crypto-backed loans, Nexo now offers a trading exchange where traders can buy and sell 70 different crypto assets, such as Bitcoin, Ethereum, and Litecoin, as well as a variety of altcoins, without incurring transaction fees. 

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The no-fee offering only applies to the spot and futures markets, where up to 50x leverage can be applied to long and short positions, using USDT as collateral. Traders also have the option of applying a variety of trigger orders. 

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Nexo's platform provides ample liquidity and affordable pricing, making it an excellent zero-fee alternative for those who find its other features appealing.

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Potential Benefits of Zero-Fee Exchanges

Eliminating trading fees can lead to substantial savings for active traders, especially those conducting numerous small trades, which could ultimately enhance overall profitability. Additionally, zero-fee models may draw higher trading volumes and liquidity providers, resulting in narrower bid-ask spreads and better order execution. Lastly, zero trading fees lower the hurdles for entry for smaller retail traders.

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Drawbacks and Risks Explained

Zero-fee exchanges may find it challenging to generate consistent revenue, which raises concerns about their long-term sustainability, especially during market downturns. These exchanges could suddenly alter their fee structures. This means that without notice, you can start paying transaction fees. Or, to make up for the lack of trading fee profits, some exchanges might widen bid-ask spreads or impose higher withdrawal/deposit fees without providing transparency regarding the actual costs incurred.

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Here’s Why No-Fee Crypto Exchanges Are Becoming Less Popular

• Concerns about profitability. Exchanges that offer zero trading fees face challenges in generating sustainable revenue and profits. They commonly depend on other sources of income, such as withdrawal fees, listing fees, or their own token incentives, which may not be sufficient for long-term operations.
• Risks of market manipulation. Zero-fee trading can encourage practices such as wash trading that artificially inflate trading volumes, creating a false sense of demand. This undermines market integrity.
• Regulatory attention. Regulators are worried that zero-fee models lack transparency in revealing revenue sources and could enable illicit activities such as money laundering. Increased regulatory oversight is leading some exchanges to move away from this model.
• Competitive pressure. Leading exchanges like Binance have begun phasing out some zero-fee markets, possibly due to the aforementioned factors and competitive pressure from exchanges with more transparent fee structures. This may prompt others to do the same.
• Sustainability challenges. Data indicates a substantial drop in Binance's zero-fee Bitcoin trading volumes, suggesting that the model may not be sustainable in the long run, particularly during downturns in the crypto market. This is generally why most crypto exchanges offer zero-fee trading as limited-time promotions.

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We aim to publish factual and accurate information as of the publication date. For specific information about a cryptocurrency exchange or trading platform please visit that provider's website. This information is general in nature and is for educational purposes only. We do not provide financial advice, nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own inquiries.

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