Top Cryptocurrency Exchange Recommendations & Fee Discounts

Below is a curated list of top global cryptocurrency exchanges, including fee discounts, pros and cons, and recommended use cases, based on long-term personal experience.

This guide is designed especially for beginners and intermediate traders who want to reduce fees and choose the right exchange for their trading style.

Why You Should Use Multiple Crypto Exchanges

First of all, it is generally safer to create accounts on multiple exchanges and distribute your assets. This reduces platform risk and allows you to take advantage of different features.

However, if you have limited time, you can simply:

  • Open accounts in order of ranking

  • Allocate capital based on each exchange’s strength (futures, arbitrage, bonuses, etc.)

Crypto Exchange Rankings and Fee Discount Links

Let’s explore the recommended rankings, pros, and cons of domestic and international Bitcoin exchanges based on personal experience.

It’s best to create accounts on multiple exchanges and distribute your assets for safety. However, if you don’t have much time, you can simply open accounts in order of ranking and manage your capital according to each exchange’s purpose.

For beginners using overseas exchanges, here’s how to get all the available benefits:

  1. Sign up through a maximum fee discount link,

  2. Apply for cashback,

  3. Claim sign-up bonuses, and after registration,

  4. Instead of just trading, click the “Join Competition” button on exchanges hosting tournaments before you start trading.

Trading info, bonus updates, and event announcements are frequently shared in a Telegram group chat — anyone interested in crypto trading is welcome to join.
This post is also regularly updated whenever new information becomes available.

 
 

Crypto Exchange Recommendation Ranking

No. 1 Binance

Binance is universally recognized as the world’s number one cryptocurrency exchange. Its standard market order fee is 0.05%, which is neither too high nor too low.

Even if you mainly use other exchanges, it’s highly advisable to have at least one Binance account. Since it has the largest trading volume globally, the prices of Bitcoin and other coins on different exchanges tend to follow Binance’s Bitcoin price — effectively making it a market index.

The order book has enough liquidity that even minor altcoins can handle trades worth around 10 million KRW at market price with minimal slippage. This means price gaps between bid and ask are very small.

Because the order book primarily reflects real orders, retail investor sentiment is directly visible in the charts, which is a major advantage for traders.

Although Binance has faced multiple challenges from external regulators such as the SEC, it has managed to maintain and even strengthen its dominance in the global market thanks to its established credibility.

Recommended for:

  1. Futures trading (Bitcoin and altcoins)

  2. Using it as a main hub to store your capital

  3. Arbitrage trading between Korean and global exchanges (“Kimchi Premium” trading)

Fees (Futures trading, based on maximum discount):

Binance fee

▶ Sign up for link : https://accounts.binance.com/en/register?ref=344595968

No. 2 Bybit

Bybit is one of the top recommended exchanges for those who primarily focus on futures trading. Once you start using it, you’ll quickly notice that its user interface is extremely intuitive and well-designed, so even though it’s in English, it’s easy to navigate and operate.

Alongside Binance, Bybit is known for its friendly and responsive customer support, which genuinely tries to resolve user concerns. I personally use it as one of my main exchanges and keep a portion of my trading capital there.

New users can receive up to $30,000 in bonuses, depending on their initial deposit amount. The link below provides detailed instructions on how to claim these rewards.

With the recent fee structure update, market order fees have become much lower, which makes Bybit even more attractive. Depositing over $100,000 automatically upgrades your account to VIP Level 1, granting you additional fee discounts.

Market-order transaction fees are also quite competitive after applying payback rewards. The clean interface and visually comfortable chart colors make it a favorite among traders who spend long hours monitoring price action.

Recommended for:

  1. Futures trading (especially Bitcoin)

  2. Using it as a main hub for capital storage

  3. Arbitrage trading between domestic and global exchanges (“Kimchi premium” trading)

Fees (Futures trading, based on maximum discount):

bybit fee

▶ Sign up for link : https://www.bybit.com/en/invite/?ref=YVDN87K

No. 3 OKX

OKX offers excellent liquidity in both spot and futures markets, and with a 30% discount via referral link, its futures trading fees are among the lowest of all major exchanges.

The platform has never faced any major issues regarding reserve ratios or solvency, which gives it a strong reputation for stability and trustworthiness. I personally find OKX to be very reliable and smooth to use.

Many traders prefer OKX for Bitcoin and altcoin futures trading because of its high stability and fast transfer speed between Korean exchanges such as Upbit — making it a great option for Kimchi premium arbitrage.

Trade execution is seamless with virtually no lag on buy/sell orders, and I often use it to open short positions on altcoins that aren’t available on Binance.

Additionally, OKX regularly hosts exclusive private tournaments for users who sign up using my fee-discount referral code. Whenever new events are announced, details will be shared through the Open Chatroom or in the update section of this post.

Recommended for:

  1. Futures trading (Bitcoin & Altcoins)

  2. Using it as a main hub for capital storage

  3. Arbitrage trading between domestic and global exchanges (“Kimchi premium” trading)

Fees (Futures trading, based on maximum discount):
OKX fee

▶ Sign up for link : https://www.okx.com/join/51768476

No. 4 Bitget

This exchange has a large number of Korean users and is the second most well-known platform in Korea after Binance.

New users receive bonus funds proportional to their deposit amount. I’ve attached a reference link below explaining how to claim these bonuses.

Among global crypto exchanges, Bitget operates the largest copy-trading service, so it’s very useful for those who want to study other traders’ entry and exit points.

The bonus amounts are high, payouts are fast, trading competitions are held frequently, and the prize pools are solid, so I recommend this exchange to those who mainly trade Bitcoin futures.

In addition, Bitget frequently hosts private competitions for users who sign up with my fee-discount code. Whenever a new schedule is set, I will announce it through the open chat room or in this post, so please refer to those updates.

Recommended for:

  1. Futures trading (Bitcoin)

Fees (Futures Trading, Based on 50% Discount)

Bitget fee

▶ Sign up for link : https://www.bitget.com/referral/register?clacCode=U76H7BKG&from=%2Fevents%2Freferral-all-program&source=events&utmSource=PremierInviter

No. 5 BingX

Among all exchanges, BingX stands out for its extremely low trading costs when all discounts and paybacks are applied — as low as 0.016% on market orders, making it an excellent choice for short-term and scalping traders.

It has offered copy trading services for a long time, attracting a large user base comparable to Bitget. BingX also lists meme coins and trending tokens faster than many competitors.

In September 2024, one of its hot wallets was temporarily compromised by a hack, which caused short-term withdrawal delays. However, BingX quickly restored operations and passed what many viewed as a successful stress test for stability and responsiveness.

The platform’s Korean user base for futures trading continues to grow rapidly, and BingX is becoming one of the most popular emerging exchanges in the region.

Recommended for:

  1. Futures trading (Bitcoin)

  2. Arbitrage trading

Fees (Futures Trading, Based on 20% Discount + 60% Payback)

Bing X fee

▶ Sign up for link : https://bingx.com/invite/XPVBN4/

No. 6 Gate.io

Founded in 2013, Gate.io has maintained its position as one of the top-ranked and longest-running crypto exchanges. It’s particularly well-known for listing new coins early, often before they appear on major platforms like Binance or Korean exchanges — making it ideal for those who want to secure early positions in new projects.

In the futures market, when payback rewards are applied, the market order fee is around 0.02%, which is quite reasonable compared to competitors.

Gate.io also offers a robust coin lending system, making it a preferred choice for users involved in arbitrage and funding-rate trading strategies.

A key philosophy of the exchange is that it does not artificially inject liquidity into order books. As a result, the natural sentiment of traders is often clearly reflected in the charts. (Of course, it’s difficult to maintain 100% pure organic liquidity.)

On the downside, because the platform relies mainly on real user orders, low-volume or minor coins can have thin order books, occasionally creating price spikes or wicks. Some traders even take advantage of these by setting limit orders at extreme price points.

Recommended for:

  1. Futures trading

  2. Arbitrage trading

  3. New coin trading

  4. Launchpad (Startup projects)

Fees (Futures Trading, Market Order Basis)

GATE fee

▶ Sign up for link : https://www.gate.com/signup?ref_type=103&ref=VGIQUFXXVA