Where Can I Trade ZEC to BTC With Minimal Fees?

Swapping crypto pairs comes with different charges on exchange platforms depending on the type of transaction. If you wish to buy ZEC to BTC, XMR to ETH, or other coins, you have to carefully choose the platform that doesn’t eat away at your profit with fees. This article looks at the trading fees available on some exchanges to help you decide where to carry out your trading.

Types of Fees

Trading fees are charged on any transaction you make and may be flat or in the form of a percentage. A flat fee is a fixed amount charged notwithstanding the amount of the trade, which on some platforms is just $5. Flat fees are favored by traders with large volumes but not traders who make numerous trades with smaller volumes.

Percentage fees form a slice of the total trade. For instance, if you trade $5,000 worth of ZEC to BTC on a platform with a 1% fee, you will pay $50 in commissions.

Transaction fees also depend on whether you are the sender (maker) or receiver (taker) of the trade. The difference in fees makes it essential to know which platform to use on any of your trades to avoid paying extra.

Top Reliable Exchange Platforms With Minimal Fees

Now you know how trading fees affect your investment, let’s see the top reliable platforms with the most attractive fees.

Godex

Godex is an anonymous crypto exchange that lists over 300 cryptocurrencies. Trading fees are fixed for both makers and takers. Since the platform does not require creating an account, there are no depositing or withdrawing fees — you only need to pay network fees. Note that Godex only allows crypto-to-crypto trading, so it will be perfect for ZEC to BTC swapping.

Binance

A regular user trading on Binance will have to pay 0.1% on all trades. The larger your trading volume, the smaller the fee — you will be charged only 0.02% if your total 30-day volume reaches over 5 billion BUSD. Moreover, using BNB to transact entitles you to a 25% discount.

ByBit 

ByBit classifies its trades by derivatives and spot trading. For spot trading, both makers and takers are levied 0.1%, while for derivatives, it is 0.01% and 0.06% respectively. The higher your trading tier, the lower the commission. Takers in the Pro 3 class pay 0.02% for spot and 0.03% for derivative trading, while makers incur no fee at all.

eToro

eToro imposes a 1% fee for transactions in digital assets, notwithstanding the amount. Depositing funds is free, but a fee of $5 is deducted for every withdrawal you make, with the minimum amount to be withdrawn being $30. You also have to note a 0.5% fee for currency conversion on the platform.

Crypto.com

A user’s 30-day trading volume determines trading fees on Crypto.com. The higher the trade volume, the more discounts the user enjoys. Trades of less than $25,000 have a flat rate of 0.4% for senders and receivers, while trades of $200 million and above attract 0.04% and 0.1% respectively. Crypto.com charges no fees for a deposit, but a withdrawal charge varies and is determined by the withdrawal network of the coin.

Kucoin

Depending on where you fall on the Kucoin tier, a trading fee of between 0.0125% and 0.1% is levied based on the maker-taker model. There are no deposit fees, and compared to other exchanges have relatively low trading fees, while withdrawal fees may vary due to the coin’s performance. You can enjoy cheaper trading fees if you pay or hold at least 1,000 KCS — the native coin of the platform.

Kraken 

Kraken requires a 0.9% trading fee for stablecoins and a 1.5% for other cryptos or FX pairs. High volume traders enjoy incentives based on their 30-day volume. A trading volume of $50,000 or less is charged between 0.16% and 0.26% for senders-receivers. Traders with $10m or more get 0%-0.10% on the maker-taker model. Where stablecoin and other FX pairs are used over a 30day period, the fees are 0.2% for makers and takers of $50,000 or less and 0% for volumes exceeding $1,000,000.

Summary

Trading fees, as shown above, vary widely from one exchange to another. An exchange with very low fees may not necessarily be the best for your transaction. Before you begin any trade, you must set out a strategy and determine your likely trading volume.

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