Buy Bitcoin With No Fees
Lykke Wallet is one of the crypto exchanges with the lowest fees. At Lykke Wallet, it is possible to trade cryptocurrency with no fees at all. The trading fee at Lykke Wallet is zero for all assets - Bitcoin, Ethereum, other cryptocurrencies and fiat currencies. This 0 fee policy is applied both to retail and API traders. It means that at Lykke, it is possible to trade Bitcoin literally without paying fees, even if you use a bot for algorithmic trading. Our zero-fee policy makes the Lykke Wallet cryptocurrency exchange attractive for high-frequency trading. Learn more about how to connect your bot to Lykke Wallet through API here.
buy bitcoin with no fees
In addition, at Lykke, we believe that an exchange has to be a level playing field for all kinds of traders. This is why our business model allows us to be one of the crypto exchanges with the lowest fees. At Lykke, it is possible to not only trade Bitcoin, XRP, Ether, Cardano, Tezos, Uniswap and dozens of other cryptocurrencies without fees but also to deposit and withdraw fiat currencies without any fees charged by Lykke (the third-party payment providers can apply a fee though). Learn more about the Lykke fee policy here, and have a happy time trading.
Important notice: Since March 22th 2019, this method no longer works. As far as we know, there's no way to buy Bitcoin without fees in 2023. Still, the method described below is one of the cheapest ways to buy Bitcoin we know (0.5% maximum, depending on your trade volume).
If we cut out the middleman, then why are people still choosing to use methods that require high fees? Saving even the smallest amount on fees can have a major impact on your profits - especially if you plan on becoming a successful day trader.
Many exchanges allow you to buy Bitcoin with a low fee, but only a select few allow you to buy Bitcoin without any fees at all. This is a well-guarded secret, but we are about to open the floodgates.
You may not know this, but Coinbase also runs a less popular, but very convenient trading platform called Coinbase Pro, which allows its users to buy Bitcoin with low, and even zero fees!
Trading crypto can get expensive over time when the fees are taken into account. There are cheaper ways to buy crypto such as choosing a zero-fee crypto trading exchange. Using these platforms can reduce the cost of trading by allowing individuals to buy, trade, and sell Bitcoin and cryptocurrency assets without paying any fees. To help you choose an exchange to trade crypto with no fees, we have tested and compared a selection of zero-fee trading platforms so you can make an informed decision.
ByBit is a well-established and immensely popular derivatives trading platform for trading cryptocurrencies with leverage. The top-rated margin exchange also has established a stable and secure environment for buying and sell crypto with fiat and other digital assets on its spot exchange. Ranked within the top 20 spot exchanges in the world, Bybit's spot exchange is a great option for existing users.
To celebrate passing over 10 million customers worldwide, Bybit is the latest cryptocurrency platform to introduce 0 fee trading on its spot exchange from September 2022 until further notice. Users can benefit from paying no fees on the exchange using both market and limit orders for any amount. Unlike Binance which limits the zero fees to stablecoins and fiat currency pairs, Bybit has expanded the zero fees across its 300+ coins across 479 trading pairs at the time of writing.
While the no-fee promotion does not include its derivatives and futures markets, users can benefit from paying no fees using its social network and copy-trading platform, and grid trading bot. That is, Bybit traders can follow and copy the best investors and traders on the network and pay zero fees. This makes Bybit one of the best places to buy and sell crypto without fees.
Binance is the world's largest and most traded crypto exchange at the time of writing. As the biggest exchange in terms of trading volume and liquidity across its spot and derivatives markets, Binance is the #1 destination for new and experienced traders alike to purchase crypto with fiat or other altcoins. Binance features more than 1,664 trading pairs across 391 supported coins making it a suitable day trading platform.
There is also a derivatives market with 198 trading pairs and has a staggering 40 billion in trading volume at the time of writing, nearly double its closest competitor. Combined with low fees of 0.1% per trade and deep liquidity, Binance has historically been one of the cheapest crypto exchanges to use.
After its USA sister exchange, Binance.US offered zero-fee crypto trading, the global Binance platform cut its trading fees on July 8, 2022. Trading fees have been removed across 13 stablecoins and fiat combinations. The no-fee trading will remain in place until further notice, which coincided with Binance's 5th birthday. The full list of crypto pairs that can be bought and sold on Binance with no fees are BTC/USDT, BTC/BUSD, BTC/TUSD, BTC/USDC, BTC/USDP, BTC/RUB, BTC/EUR, BTC/TRY, BTC/AUD, BTC/GDP, BTC/BRL, BTC/BIDR, and BTC/UAH.
Other spot trading pairs may be included in the zero-fee trading crypto promotion, however, the owner of Binance, CZ, has indicated the removal of trading fees may be here to stay in a Twitter post. Overall, Binance makes this list of the best crypto exchanges to trade without fees.
MEXC is next on our list of where to trade crypto with zero fees. The platform boasts one of the lowest fees across its spot and futures markets with zero fees for maker orders (i.e. using limit orders to provide liquidity). The no fee applies to both spot and futures markets which means traders can place leverage orders with zero fees and commissions.
This is a significant advantage when compared to other no-fee platforms such as Binance and ByBit, which have fees on their futures markets. On the other hand, MEXC is the "first-ever crypto trading platform that promises to provide 0% maker cost for futures pending orders."
Another reason to trade with no fees on MEXC is the wide range of supported assets. There are 1,588 crypto assets and 2,500+ trading pairs in total at the time. Meaning, MEXC has one of the biggest ranges of cryptos to buy and sell without paying transaction costs if traders use pending orders. Fees will apply if they buy at market prices, which is still reasonable. Aside from spot and futures markets, MEXC also offers a broad range of features that can be used such as a demo account, leveraged tokens, copy-trade, and more.
Kucoin is a popular cryptocurrency exchange that was built to cater to individuals around the globe by providing an easy-to-use platform for investors to exchange digital assets and cryptocurrencies. Established in late 2017, KuCoin has a powerful platform with over 700 cryptocurrencies listed. The vast number of quality projects listed is one of the reasons Kucoin is referred to as the best altcoin exchange in the market.
Due to the success of the trading exchange, KuCoin has since expanded to offer users the ability to purchase cryptocurrencies, trade derivatives, a robust staking platform to earn rewards, and access an NFT launch platform. There is also the option to buy crypto with more than 50 different fiat currencies such as USD, GBP, EUR, and AUD through a third party.
The well-known trading platform has launched an 'Instant Exchange' to provide access to the best available crypto exchange rate in the global market. Users can exchange Bitcoin, Ethereum, Litecoin, and XRP with zero-trading fees or commissions. KuCoin Convert supports 26 crypto assets that can be swapped instantly into Tether (USDT)