MEXC offers the industry's lowest trading fees at 0% maker and 0.05% taker, while Gate.io provides completely free USDT withdrawals on TRC20. Among the 10 major exchanges analyzed, fee structures vary dramatically—trading costs can differ by 6x and withdrawal fees by 40x depending on which platform and network you choose. This guide breaks down every fee category across Binance, Coinbase, Kraken, OKX, Bybit, KuCoin, Bitget, Gate.io, MEXC, and HTX to help optimize your trading costs.
Spot trading fees reveal stark differences between platforms
Base-tier trading fees represent the most significant cost for active traders, and the variance across exchanges is substantial. MEXC stands alone with 0% maker fees and just 0.05% taker fees—unmatched in the industry. OKX follows as the second-most competitive at 0.08%/0.10%, OKX while Binance, Bybit, KuCoin, and Bitget cluster at the 0.10%/0.10% standard.
Exchange | Base Maker | Base Taker | Lowest VIP Maker | Lowest VIP Taker |
MEXC | 0.00% | 0.05% | 0.00% | Lower |
OKX | 0.08% | 0.10% | -0.005% (VIP 8) | 0.015% |
Binance | 0.10% | 0.10% | 0.011% (VIP 9) | 0.023% |
Bybit | 0.10% | 0.10% | 0.005% (Pro 4) | 0.02% |
KuCoin | 0.10% | 0.10% | -0.005% (LV12) | 0.02% |
Bitget | 0.10% | 0.10% | ~0.02% (VIP 7) | ~0.06% |
Kraken | 0.16% | 0.26% | 0.00% ($10M+) | 0.10% |
Gate.io | 0.20% | 0.20% | ~0.10% | ~0.10% |
HTX | 0.20% | 0.20% | 0.0126% (Prime 11) | 0.0218% |
Coinbase | 0.40% | 0.60% | 0.00% (Top Tier) | 0.05% |
Coinbase's base fees are 4-8x higher than most competitors, though their Coinbase Advanced platform and stablepair trading (USDT-USDC at 0%/0.10%) partially offset this—note that stablepair pricing ends May 1, 2025. Coinbase
Native token discounts can slash fees by up to 50%
Holding exchange-specific tokens unlocks significant fee reductions across most platforms:
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KuCoin (KCS): 20% discount when paying fees with KCS
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Bitget (BGB): 20% discount on spot and margin trading
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OKX (OKB): 10-40% discount based on OKB holdings tier
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Kraken, Coinbase, Bybit: No native token discount programs
For a trader doing $100,000 monthly volume at base rates, annual savings from token discounts range from $240 (20% discount) to $600 (50% discount).
Withdrawal fees by network show TRC20 and L2 chains as cheapest options
Withdrawal costs vary dramatically by network. Gate.io offers completely free USDT withdrawals on TRC20 Medium as a permanent subsidy, while MEXC charges just 0.1 USDT. Most exchanges cluster around 1 USDT for TRC20, but Kraken is notably expensive at 4 USDT. TradingFinder
TRC20 (Tron) withdrawal fees
Exchange | TRC20 Fee | Min. Withdrawal |
Gate.io | 0 USDT | 20 USDT |
MEXC | 0.1 USDT | 0.11 USDT |
Binance | 1.0 USDT | ~10 USDT |
OKX | ~1 USDT | 0.11 USDT |
KuCoin | 1 USDT | ~10 USDT |
Bitget | ~1 USDT | 10 USDT |
HTX | ~1 USDT | 1 USDT |
Bybit | 1.6 USDT | ~10 USDT |
Coinbase | 0.01% + network | Variable |
Kraken | 4.0 USDT | 2 USDT |
ERC20 (Ethereum) withdrawal fees
ERC20 fees are dynamic and highly variable based on Ethereum network congestion: Hedge With Crypto
Exchange | ERC20 Fee Range | Notes |
HTX | 2-5 USDT | Dynamic daily calculation |
Binance | 3-25 USDT | Varies with gas prices |
Bitget | 3.50 USDT | Standard rate |
OKX | 3-10 USDT | Dynamic |
Bybit | 3-10 USDT | Dynamic |
KuCoin | 5.5-10 USDT | Higher baseline |
Gate.io | 10-30 USDT | Highest range |
Kraken | 0.65-10+ USDT | Dynamic passthrough |
Layer 2 and alternative networks offer the lowest fees
Several exchanges now offer zero-fee withdrawals on specific networks as promotional initiatives:
Network | Free Withdrawal Options | Best Alternatives |
BEP20 (BSC) | Bitget, Gate.io (until Mar 2025), MEXC (until Jul 2025) | Binance: 0.29 USDT |
Solana | Most: 0.1-1 USDT | |
Arbitrum | Some exchanges | Binance: 0.1 USDT |
Optimism | — | Binance: 0.03 USDT |
opBNB | — | Binance: 0.015 USDT (cheapest) |
Binance's opBNB at 0.015 USDT represents the absolute cheapest non-promotional withdrawal option across all platforms.
Deposit fees and minimums are mostly standardized
All 10 exchanges offer free cryptocurrency deposits regardless of network. Binance This is an industry standard—exchanges compete for inflows and don't charge deposit fees. Minimum deposit amounts are typically negligible or network-dependent.
Exchange | Deposit Fee | Min. Deposit | Notes |
Binance | Free | None/network min | Supports 15+ networks |
Coinbase | Free | None | Wire deposit: $10 |
Kraken | Free | Network dependent | — |
OKX | Free | Variable by network | — |
Bybit | Free | Network dependent | Card purchases: 3-6% |
KuCoin | Free | Variable | — |
Bitget | Free | Network dependent | — |
Gate.io | Free | Variable | — |
MEXC | Free | Variable | 25+ fiat currencies |
HTX | Free | 1 USDT min | Wire may have fees |
Additional fees and hidden costs to consider
Beyond trading and withdrawal fees, several other costs can impact overall expenses:
Spread costs apply primarily on "simple buy" interfaces. Coinbase charges up to 2% spread on its standard app, BitgetDataWallet while Kraken's instant buy adds 0.9-1.5%. Order book trading on all platforms has no spread—you get market prices directly.
Conversion fees vary significantly. Binance Convert charges approximately 0.1%, while Coinbase's conversion spread can reach 2%. Bitget OKX offers zero-fee conversions, and most other exchanges use spread-based pricing without explicit fees.
Inactivity fees are nonexistent across all 10 exchanges—none charge for dormant accounts.
Futures trading fees follow a different structure, with most exchanges offering 0.02% maker / 0.05-0.06% taker at base tier. MEXC again leads with 0% maker / 0.02% taker for futures.
Fee Type | Lowest Cost Option | Highest Cost Option |
Spot spread | Exchange order books (0%) | Coinbase Simple (up to 2%) |
Conversion | OKX (0%) | Coinbase (up to 2%) |
Futures maker | MEXC (0%) | HTX (0.02%) |
P2P trading | Most (0%) | Minimal fees at all |
VIP tier requirements for serious traders
High-volume traders can access significantly reduced fees through VIP programs. Requirements and benefits vary substantially:
Binance VIP requires both 30-day volume AND BNB holdings—VIP 3 (0.042%/0.054%) needs ≥$20M volume plus ≥250 BNB. BitDegree The top VIP 9 tier requires $4B monthly volume.
OKX VIP offers the most accessible entry at VIP 1 with just $5M volume OR $100K assets, dropping fees to 0.045%/0.05%.
KuCoin's tiered system extends to LV12 with maker rebates (-0.005%), requiring $950M+ monthly volume or 150,000 KCS holdings.
Bybit offers Pro tiers for institutional clients reaching 0.005%/0.02% at the highest levels.
Coinbase's volume tiers start benefiting at $10K monthly, with Top Tier ($250M+) achieving 0%/0.05%. BitDegree
Recommendations by user profile
For cost-conscious traders: MEXC offers unbeatable base rates at 0%/0.05%. Combined with zero-fee BEP20 withdrawals (until July 2025), total transaction costs are industry-lowest.
For maximum liquidity and features: Binance provides the best combination of low fees (0.10%/0.10% with 25% BNB discount = 0.075%), Binance deepest order books, and extensive network options including the cheapest L2 withdrawals.
For withdrawal-heavy users: Gate.io's permanent free TRC20 withdrawals save significant costs for frequent withdrawers. MEXC's 0.1 USDT TRC20 fee is the next best option.
For US-based traders: Coinbase remains the primary regulated option despite higher fees. Kraken offers better rates (0.16%/0.26%) with strong regulatory standing. Thecryptobreakdown
For active futures traders: MEXC's 0%/0.02% futures fees are lowest, followed by Binance and Bybit at standard 0.02%/0.05-0.06%.
Conclusion
MEXC, Gate.io, and OKX emerge as the most cost-effective platforms for USDT trading and transfers in 2024-2025. MEXC's zero maker fees remain unmatched, Gate.io's free TRC20 withdrawals eliminate a major cost, and OKX offers the best balance of low base fees and exchange quality.
Key insights for minimizing costs: use TRC20 or BEP20 networks for withdrawals (avoiding ERC20's $10+ fees), CryptomusSwitchere take advantage of native token discounts (especially MEXC's 50% with MX), and watch for promotional zero-fee periods on L2 networks. The gap between the cheapest and most expensive options is substantial—choosing wisely can reduce trading costs by 80% or more.
Data current as of December 2024. Fees are subject to change; verify on official exchange fee pages before transacting. Promotional zero-fee periods have stated end dates and may not be renewed.