What is a crypto exchange?

A crypto exchange is, very basically, a place where you can purchase a cryptocurrency using cash or another digital asset. This roundup primarily discusses a type of crypto exchange known as a centralized exchange. A centralized exchange is a marketplace operated by a business entity that buys, sells and facilitates transactions in cryptocurrency.

What is the best crypto exchange for low fees?

Why we chose it: We chose Bitstamp as the best crypto exchange for low fees because of its highly competitive maker/taker fees, affordable funding fees and strong cybersecurity. Many crypto exchanges promise low fees as a way to entice traders to join their platform, but then “catch” you with expensive transfer and withdrawal fees.

What are crypto exchange fees?

Exchange fees are how crypto exchanges make money. In other words, they’re service fees that include: Trading fees, charged when making transactions and are also called “maker/taker” fees. Trading fees indicate whether a crypto order provides liquidity to the market or not. These also apply when converting currencies.