10 Iranian and International Cryptocurrency Exchanges with the Lowest Fees

In the fast-paced world of digital currencies, choosing the right exchange can make a significant difference in the profitability of your trades. After security—which is the most vital criterion for selecting a cryptocurrency exchange—perhaps the most important factor is the trading fee. In this article, we will introduce 10 Iranian and international exchanges with the lowest fees and examine important tips for making a more informed choice.

Currently, there are many Iranian cryptocurrency exchanges operating under the supervision of the Central Bank with low or no fees. This high number makes it harder to find the best option. In this article, we examine Iranian exchanges such as Novin Tether, Arzpaya, Nobitex, Wallex, and Bitpin. Conversely, we also look at Ourbit, Binance, KuCoin, Bybit, and Biconomy as international options.

What is a cryptocurrency exchange fee, and why is it important?

In the blockchain network, every transaction incurs a fee that the cryptocurrency exchange deducts from the user's account. The amount of the cryptocurrency exchange fee depends on many factors, such as the network and the platform used, and therefore it changes and varies for each currency.

Each network guarantees the security of the blockchain in a different way based on its consensus algorithm. Some of these algorithms are implemented by miners, while others are performed by validators. Miners and validators expect rewards or incentives to guarantee these operations. Therefore, a mechanism has been designed where the miners' and validators' reward is collected from the transaction creator as a network fee.

 

Generally, there are 6 different types of transaction fees in a cryptocurrency exchange, which we will examine below.

1. Network Fee

To successfully execute any transaction on the blockchain network, a network cost or fee is paid. The actual amount of the fee you pay depends on various factors, including the blockchain network used and the time of day the transaction is performed.

2. Cryptocurrency Exchange Fee

Every exchange charges you a fee for using its platform, which can be thought of as similar to the commission that stock brokerages receive for every stock trade.

3. Trading Fee

The commission you pay to the exchange for the successful execution of a trade is the trading fee. In fact, the trading fee is the main source of income for any exchange. The trading fee on a cryptocurrency exchange can be received in the form of the traded cryptocurrency or even fiat currency.

4. Deposit Fee

Some platforms charge a fee for depositing cryptocurrency into the exchange. However, most exchanges do not charge a fee to encourage users to be active and present on their platform.

5. Withdrawal Fee

At the time of withdrawal, you are also sometimes forced to pay a fee. This fee is often higher than the deposit fee. It is charged when a user wants to transfer their cryptocurrency to another wallet, convert it to fiat currency, or deposit it into a bank account.

6. Lending/Margin Fee

Margin trading, or borrowing money from an exchange for trading, also incurs a fee. This fee is often determined by an interest rate and a fixed amount.

 

Even the smallest difference in any of these fees can have a significant impact on your final profit.

5 Iranian cryptocurrency exchanges with the lowest fees

In Iran, with the growth of the crypto market, numerous exchanges are active. The fees of Iranian exchanges are often competitive and variable. However, you must remember that even if an exchange offers you the lowest cryptocurrency exchange fee, the guarantee of your capital's security is still the most important factor.

For example, the cryptocurrency exchange Erythron announced some time ago that it has reached the end of its road. Such an issue can put your capital at risk.

In the following, we will go through 5 Iranian cryptocurrency exchanges that offer the lowest fees: Novin Tether, Arzpaya, Nobitex, Wallex, and Bitpin.

1- Novin Tether Exchange

Novin Tether claims that it charges the lowest fees among Iranian exchanges for buying and selling Tether, and there is no need to pay any fee when buying on this exchange. Also, you will not need to pay a fee for peer-to-peer internal network transfers. Novin Tether claims that if, for example, you want to transfer money to another user's account, there will be no fee.

Additionally, the exchange claims that for Rial withdrawals, you will pay a fee of 5,000 Tomans, and for transferring Tether to a wallet, the fee is a fixed 1.5 Tether. This amount decreases incrementally based on the number and volume of user transactions.

• Tether purchase fee in Novin Tether: Free
• Rial withdrawal fee: 5,000 Tomans
• Tether transfer fee to wallet: 1.5 Tether and lower
• Minimum deposit amount: 1,000 Tomans
• Minimum withdrawal amount: 3 Tether
• Bank gateways: 15 bank gateways

2- Arzpaya Exchange

Arzpaya exchange is always found in lists of low-fee exchanges. Arzpaya exchange has two types of fees: the cryptocurrency network fee, which is deducted from your assets during transfers, and the trading fee, where it charges customers a fixed rate of 0.2%. Also, transactions in the shop section of this exchange are fee-free, and only the price difference (spread) of buying and selling cryptocurrency is collected.

 

The daily deposit limit for Arzpaya exchange is 25 million Tomans. For higher withdrawals, it uses identified transfers, and the maximum daily deposit amount is 200 million Tomans.

The deposit fee in Arzpaya exchange is 25,000 Tomans.

• Purchase fee in Arzpaya: Free
• Arzpaya shop transaction fee: Free
• Rial withdrawal fee: 25,000 Tomans per 25 million Tomans
• Identified transfer withdrawal limit: 200 million Tomans
• Daily withdrawal limit: 500 Tether

This exchange is a suitable choice for those who are looking for daily trading.

3- Nobitex Exchange

Nobitex is one of the oldest Iranian exchanges. The trading fee in Nobitex is calculated as a percentage of the total amount, which you can see in detail in the table below. This fee is collected from both sides of the trade.

Fees in Nobitex exchange are a percentage of your requested asset volume. If you want to receive Rials by selling Bitcoin, the percentage fee is deducted in Rials, and vice versa, if you want to buy Bitcoin in Rials, the fee is calculated in Bitcoin.

Remember that the fee in this exchange is different for Maker and Taker orders.

Also, Nobitex claims that the Rial deposit and withdrawal fees of this exchange are zero, and you only pay the costs of the national banking and payment service network.

Nobitex has considered special discounts for professional users with high trading volumes.

4- Wallex Exchange

Wallex is one of the well-known international exchanges that offers many cryptocurrencies. To ensure fair costs, it calculates the exchange fee in tiers and proportional to the user's requested amount. The base fee at Wallex exchange is 0.35%, which decreases to 0.1% at higher levels and with higher volumes.

In Tether trades, the base fee of Wallex exchange is fixed and is 0.2% of the trade amount.

 

The withdrawal fee for Wallex exchange varies based on the cryptocurrency, the blockchain network, and its traffic. For exact information, go to the Wallex Fees page and visit the «Coin Deposit and Withdrawal Fees» section.

 

The deposit fee in this exchange is 0.2% of the amount for Rial deposits and varies for cryptocurrencies depending on the type of network.

 

You can see the advantages and disadvantages of this exchange in the table below:

5- Bitpin Exchange

In Bitpin exchange, the fees are variable and influenced by 3 parameters: monthly trading volume, amount of assets, and order type (Taker or Maker). An important point in this exchange is that the Toman and Tether fees are the same.

 

Asset volume in Bitpin is the Toman equivalent of the sum of the Toman and Tether in each user's account, which is calculated at the end of each night at (23:59) and becomes the basis for the next day's fee.

 

Withdrawal fee in Bitpin exchange

 

The cryptocurrency withdrawal fee in Bitpin is specified individually for each currency on this exchange's website. To view it, go to the withdrawal fee tab on the fee page.

 

Note that the Paya and Satna transfer fees are calculated according to Central Bank rules from your wallet at 0.02% of the requested amount, for every 50 million Tomans. For example, the withdrawal fee for 800 thousand Tomans is 2,000 Tomans, and the withdrawal fee for 110 million Tomans is 14,000 Tomans.

Also, the difference between the actual market price and the price you pay in the final buy or sell order is practically a type of indirect fee that you should consider during your trades.

• Trading fee in Bitpin: Starts from 0.35% to 0 (depending on user level, trade type, and trading volume)
• Rial withdrawal fee: Free + bank transaction costs
• Minimum purchase in Bitpin: 100,000 Tomans

5 international cryptocurrency exchanges with low fees

In this section, we examine some of the prominent and popular exchanges that many users around the world use. These exchanges include Ourbit, Binance, KuCoin, and a few others that have attracted attention due to their efficiency and high security.

For working with the lowest international cryptocurrency exchange fee, we also suggest that you carefully examine the policies of these exchanges due to sanctions and restrictions on Iran.

For example, the cryptocurrency exchange Bybit Bybit though it offers the lowest fees, due to its strict KYC (Know Your Customer) processes, it is not a suitable option for activity at all.

 

1- Ourbit Exchange

This Ourbit exchange was founded in 2023 and has considered competitive fees for providing financial and trading services.

Spot trading fee: Maker fee: 0.000% / Taker fee: 0.000%

Futures trading fee: Maker fee: 0.020% / Taker fee: 0.040%

The deposit fee in this exchange is free, although the blockchain network fee will still be deducted from you. The withdrawal fee in Ourbit exchange is different for each cryptocurrency. This fee covers blockchain transaction costs.

Note that the competitive fees of this exchange may be because it is new and is attracting users quickly. It is possible that the exchange's policies will be updated over time. So, be sure to check the Ourbit exchange fee page before trading.

2- Binance Exchange

It can be safely said that the most popular and largest cryptocurrency exchange in the world is Binance exchange. The trading fee in this exchange is usually around 0.10%. If you use the Binance exchange's own BNB token in your trades, you will get up to a 25% discount.

Also, like other exchanges, Binance has a different withdrawal and deposit fee for each cryptocurrency, which you can monitor in the complete review of Binance exchange page.

 

Remember that Binance exchange has access restrictions for Iranian users; however, by changing your IP and using intermediate wallets, it is possible to work with it.

3- KuCoin Exchange

KuCoin exchange has no deposit fee; in fact, this exchange does not charge any fees for any deposits.

The withdrawal fee in this exchange, like other exchanges, depends on the type of traded cryptocurrency, which is specified for each cryptocurrency on the KuCoin fee page.

 

The Spot trading fee and Margin trading fee of KuCoin exchange are the same for both Maker and Taker, at 0.1%, which is much lower compared to other well-known exchanges.

 

The highest Futures trading fee in KuCoin exchange for a Maker reaches 0.02%, and for a Taker, it goes up to 0.06%. Additionally, better discounts are applied as your user level increases.

4- Crypto.com Exchange

When it comes to cybersecurity, many consider Crypto.com to be one of the best international cryptocurrency exchanges. This point, while valuable, is a warning signal for Iranian users. Iranian users should know that operating on this exchange requires passing a strict identity verification process.

 

Another advantage of Crypto.com is its very low exchange fee. You can deposit your currencies into the Crypto exchange account with the lowest cost and perform buying and selling with it.

In spot trades, the Crypto.com exchange fee is 0.075% for both Maker and Taker.

Also, if you use the exchange's own token, the CRO token, you will get special discounts.

5- Biconomy Exchange

Biconomy began its activity in 2019, focusing on Asian users. This exchange claims to have the lowest trading fee rate in the entire market and offers the lowest trading fees for spot and futures trades. The Biconomy exchange fee for Makers is 0.02% and for Takers is 0.06%. These fees are charged for trades and their settlement and vary with trade volume and type.

These rates reflect the fee structure of Biconomy exchange, which is designed with the goal of encouraging high-volume trading and helping to build market liquidity.

Withdrawal fees for this network vary according to the network for each currency, which you can see in the Biconomy exchange costs section.

This exchange is suitable for daily trading and long-term investment.

Important tips for choosing an international exchange with the lowest fee

When choosing a cryptocurrency exchange, although fees significantly affect your profit, you should not focus only on fees. There are numerous factors that could put your entire capital at risk. For example, in the conditions of restrictions and sanctions imposed on Iran, ensure that identity verification in that exchange is not overly strict.

Items you must pay attention to when choosing an international exchange with the lowest fee are as follows:

• Always try to change your IP to another country.
• Ensure the identity verification method is not strict.
• Iran should not be on the list of prohibited countries.
• Support Iranian users.
• Have transparent and competitive fees.
• The exchange's policies should not change over time.

Remember to change your IP to a static country.

Comparing fees of Iranian and international exchanges: Which is better?

In the table below, a comparison between fees of Iranian and international exchanges is provided:

 

In this article, we compared and examined the lowest-fee Iranian and international exchanges. As mentioned earlier, the amount of paid fees is among the most important factors determining a trader's profit and loss. Most exchanges, whether domestic or global, charge fees for their services, which mainly fall into three main groups: withdrawal fee, network fee, and operations, and of course, the deposit fee.

Therefore, considering the network, transfer method, etc., it is clear that cryptocurrency exchange fees are variable and every exchange and every coin has a different figure. For this reason, determining the exact fee amount is not simple. However, in the table above, you can see a list of the lowest-fee Iranian and international cryptocurrency exchanges.

Also, find your answer by asking the audience in the comments or share your own experience in choosing a low-fee cryptocurrency exchange.