Crypto Education

Crypto Exchange Fees Explained

Understand how crypto exchange fees work, how they affect your trades, and which exchanges offer the lowest fees for Mongolian users.

Updated 2026 Mongolia-focused

6 Types of Crypto Exchange Fees

Spot Trading Fees

Spot trading fees apply when you buy or sell cryptocurrency at the current market price. Most exchanges use a maker/taker model. Makers add liquidity to the order book (lower fees). Takers remove liquidity by matching existing orders (slightly higher fees).

Typical range:0.05% – 0.10%
Buy 1,000 USDT of BTC → pay 0.50 – 1.00 USDT in fees

Futures Trading Fees

Futures trading fees are charged when you open or close a leveraged position. These fees are often lower than spot fees because of the higher volume. Funding fees (charged every 8 hours) also apply to perpetual futures.

Typical range:0.02% – 0.05%
Open a 1,000 USDT position → pay 0.20 – 0.50 USDT in fees

Convert / Swap Fees

Convert or swap fees apply when you instantly exchange one crypto for another without using the order book. This is usually the easiest method for beginners. The fee is often included in the exchange rate spread.

Typical range:0.10% – 0.30% (spread)
Swap 1,000 USDT to BTC → pay 1.00 – 3.00 USDT in spread

Withdrawal Fees

Withdrawal fees apply when you send crypto from the exchange to your personal wallet. Each blockchain (BTC, ETH, USDT on different networks) has its own fee. These fees vary based on network congestion.

Typical range:0.0005 – 0.001 BTC
Withdraw BTC → pay 0.0005 BTC (about 15 USD depending on price)

P2P Trading Fees

P2P trading fees vary by platform. Some exchanges charge zero P2P trading fees. Sellers may include their own markup in the price. Buyers should check the final price including the seller's premium.

Typical range:0% – 1.00%
Buy 1,000 USDT via P2P → pay 0 – 10 USDT in seller premium

Deposit Fees

Most exchanges charge no fees for crypto deposits. Fiat deposits via P2P are also free. If depositing via credit card or third-party payment, additional fees may apply (often 1.5% – 3.5%).

Typical range:0% – 3.5%
Deposit 1,000 USDT via card → pay 0 – 35 USDT in fees

Fee Comparison Across Major Exchanges

ExchangeSpot MakerSpot TakerFutures MakerFutures TakerP2P FeeBTC Withdrawal
BN
Binance
0.1% maker0.1% taker0.02% maker0.04% taker0%Varies
OK
OKX
0.08% maker0.1% taker0.02% maker0.05% taker0%Varies
BB
Bybit
0.1% maker0.1% taker0.01% maker0.06% taker0%Varies
KC
KuCoin
0.1% maker0.1% taker0.02% maker0.06% taker0%Varies
BG
Bitget
0.1% maker0.1% taker0.02% maker0.06% taker0%Varies
GT
Gate.io
0.2% maker0.2% taker0.015% maker0.05% taker0%Varies
MX
MEXC
0% maker0.1% taker0% maker0.03% taker0%Varies

Fees shown are base rates. Lower fees may be available with native token discounts (BNB, OKB, etc.) or higher trading volume. Always verify current rates on the exchange's official fee page.

How to Reduce Fees with Native Tokens

Binance — BNB

Hold BNB in your account and enable BNB fee discount to reduce spot fees by up to 25%. VIP levels further reduce fees based on trading volume.

Save up to 25% on fees

OKX — OKB

Hold OKB to receive trading fee discounts. OKX also offers tiered VIP programs that reduce fees based on 30-day trading volume and asset balance.

Save up to 20% on fees

Bybit — BTB

Bybit offers VIP tiers and BTB token holders can receive fee discounts. Derivatives trading fees are already among the lowest in the industry.

Low base fees + VIP reductions

Try Our Fee Calculator

Visit our low-fee exchange ranking page to see exactly how much different exchanges charge for your intended trade amount. Compare side-by-side and find the cheapest option.

Compare Low-Fee Exchanges

Common Fee Traps to Avoid

Hidden Spread on Convert

The 'Convert' or 'Instant Buy' feature often includes a hidden spread. The exchange rate may be 0.5% – 1.5% worse than the market rate. For larger amounts, use the spot trading order book instead.

Wrong Network Withdrawal

Sending USDT on Ethereum (ERC-20) can cost 10 – 50 USD in gas fees. Sending the same USDT on Tron (TRC-20) costs about 1 USD. Always choose the cheapest supported network for your wallet.

Futures Funding Fees

Perpetual futures charge funding fees every 8 hours. Holding a position overnight can accumulate significant costs. Check the funding rate before opening a position and consider closing before funding time.

Minimum Withdrawal Amounts

Some exchanges require minimum withdrawal amounts. Withdrawing a small amount may result in a high percentage fee. For example, withdrawing 20 USDT with a 5 USDT fee means you lose 25% of your funds.

Important Notice

Crypto trading involves significant risk and may not be suitable for all users. Prices can be highly volatile, and users may lose their funds. This review is for informational purposes only and does not constitute financial advice. Product availability, fees, and local access may change. Always verify information directly with the exchange before opening an account or trading.

E-E-A-T: Experience, Expertise, Authoritativeness, Trust

How We Review Crypto Exchanges

We evaluate crypto exchanges based on 7 criteria designed to help Mongolian traders make informed, safe decisions. Our rankings are independent and updated regularly.

Availability for Mongolian users

We check whether the platform provides access to users in Mongolia and whether key services are available.

Fees and trading costs

We review spot trading fees, conversion fees, withdrawal fees, and possible hidden costs.

Fiat and P2P access

We check whether users can buy or sell crypto using local currency, supported payment methods, or P2P trading.

Security and account protection

We review KYC, two-factor authentication, withdrawal protection, anti-phishing tools, and platform reputation.

Product range

We compare spot trading, futures, Earn products, copy trading, wallet functions, and Web3 features.

Beginner experience

We test whether the platform is easy for new users to understand and start trading.

Risk transparency

We check whether the platform clearly explains the risks of crypto trading, leverage, futures, and self-custody.

Important Disclaimer

Our reviews are for educational purposes only. We do not provide financial advice. Cryptocurrency trading carries significant risk of loss. Always conduct your own research before using any exchange. Verify all regulatory information directly on the platform's official website. Past performance does not guarantee future results.