There are different virtual currency exchanges offering Euro trading against crypto. Some of these platforms are Binance Jersey, Bitfinex, Coinbase Pro or Kraken. However, not all of them offer the same fee scheme. Binance Jersey is the exchange with the lowest fees for Euro trading in the market.
Binance Jersey Has the Lowest Fee for Euro Trading
Cryptocurrency traders are usually searching for exchanges with low fees to maximize their profits while trading. In general, crypto platforms tend to have high fees every single time a user performs a trade. Among Euro-based exchanges, we find that Binance Jersey, the EUR and GBP branch of the Binance cryptocurrency exchange, has the lowest maker and taker fees for users.
Once a maker or taker order gets filled in Binance Jersey, the user has to pay a 0.05% fee of the trade he performed. This is very cheap compared to other exchanges. Bitpanda, for example, has a maker fee of 1.49% and a taker fee of 1.29%.
Bitfinex is the second cheapest EUR exchange with maker fees of 0.1% and taker fees of 0.2%. While Binance Jersey has no deposit fee, the withdrawal fee is 0.15%. Bitfinex has a deposit and withdrawal fee of 0.1%.
Coinfloor, for example, has a withdrawal and deposit fee of €1.5 and a maker and taker fee of 0.3% each.
Binance has always had the policy of offering low fees to users trading in its platform. This allows the firm to receive a large number of individuals and traders that want to become more profitable when trading. Binance became a leading virtual currency exchange due to the measures that it took to attract a large number of users to its platform.
In the fiat branch of the exchange, the intention is very similar. They want to capture a larger part of the market by offering cheaper trading fees than other exchanges that have been operating for a longer period of time in the space.
It is also worth mentioning that Binance Jersey is not the exchange with the largest liquidity in the Euro market. Indeed, Kraken has a very good trading volume compared with other platforms.
Binance Jersey is the 205 largest cryptocurrency exchange in terms of trading volume, according to CoinMarketCap. In the last 24 hours, the platform handled only $77,000 in trading volume.