March 28, 2019, 11:48AM EDT
• 4 min read

Binance is the cheapest exchange for retail traders; bitFlyer for institutional traders

Quick Take

  • Binance has the lowest aggregate trading fees for retail traders; followed by KuCoin and bitFlyer US
  • itBit is the only exchange that offers a negative maker fee for retail traders
  • For institutional customers, bitFlyer (Japan/U.S.), Huobi, KuCoin and Binance fees are most advantageous for ‘takers’
  • HitBTC and itBit issue rebates to makers, while five other exchanges have no maker fee (Coinbase, Bitfinex, Poloniex, Gemini and Kraken)

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