Trading fees remain a critical factor for investors when choosing a cryptocurrency exchange. In 2024, many platforms continue to refine their fee structures to attract users. This article compares trading fees across leading crypto exchanges, including Binance, MEXC, OKX, Bybit, and Bitget, to help you make an informed decision.
Fee Comparison Overview
| Exchange | Spot Fee | Futures Fee | Fee Discount with Native Token |
|----------------|----------|-------------|---------------------------------|
| Binance | 0.10% | 0.02%/0.04% | Yes (25% with BNB) |
| MEXC | 0.20% | 0.00%/0.01% | Yes (with MX) |
| OKX | 0.08% | 0.02%/0.05% | Yes (with OKB) |
| Bybit | 0.10% | 0.01%/0.06% | No |
| Bitget | 0.10% | 0.02%/0.06% | Yes (with BGB) |
1. Binance
- Spot Trading Fee: 0.10% for both Maker and Taker.
- Futures Trading Fee: 0.02% (Maker) / 0.04% (Taker).
- BNB Discount: 25% fee reduction when using Binance Coin (BNB).
- Pros: High liquidity, extensive trading pairs, and robust security.
- Cons: Competitors like MEXC and Bybit occasionally offer lower fees for futures.
👉 Discover Binance’s latest fee adjustments
2. MEXC
- Spot Trading Fee: 0.20% flat rate.
- Futures Trading Fee: 0.00% (Maker) / 0.01% (Taker)—among the lowest in the market.
- Pros: Ideal for futures traders due to near-zero Maker fees.
- Cons: Higher spot fees compared to Binance or OKX.
3. OKX
- Spot Trading Fee: 0.08% (Maker) / 0.10% (Taker).
- Futures Trading Fee: 0.02% (Maker) / 0.05% (Taker).
- OKB Discount: Holders of OKX’s native token (OKB) receive fee reductions.
- Pros: Competitive spot fees and strong derivatives platform.
- Cons: Futures fees slightly higher than MEXC’s.
👉 Explore OKX’s fee-saving features
4. Bybit
- Spot Trading Fee: 0.10% flat rate.
- Futures Trading Fee: 0.01% (Maker) / 0.06% (Taker).
- Pros: Low Maker fees for futures; high liquidity.
- Cons: Taker fees are steeper than MEXC’s.
5. Bitget
- Spot Trading Fee: 0.10% flat rate.
- Futures Trading Fee: 0.02% (Maker) / 0.06% (Taker).
- BGB Discount: Fee discounts apply when using Bitget’s native token (BGB).
- Pros: Frequent promotions for new users.
- Cons: Lower liquidity than top-tier exchanges.
Key Takeaways
- Futures Traders: MEXC offers the lowest fees.
- Spot Traders: OKX and Binance provide the best balance of low fees and liquidity.
- Token Holders: Exchanges like Binance (BNB), OKX (OKB), and Bitget (BGB) reward users with fee discounts.
FAQ Section
Q1: Which exchange has the lowest futures fees?
A: MEXC charges 0.00% for Makers and 0.01% for Takers—currently the most competitive.
Q2: How can I reduce trading fees on Binance?
A: Use BNB to pay fees for a 25% discount.
Q3: Is OKX better than Binance for spot trading?
A: OKX’s spot fees (0.08%) are slightly lower than Binance’s (0.10%), but Binance offers higher liquidity.
Q4: Does Bybit support fee discounts?
A: No, Bybit doesn’t offer native token discounts.