Cryptocurrencies are gaining increasing momentum in Saudi Arabia, with forecasts suggesting that the number of users could reach millions by 2025. However, trading fees can negatively impact profits, making the search for exchanges with low costs a priority for beginners and seasoned investors alike.
Why are low fees important?
In Saudi Arabia, where the Saudi Arabian Monetary Authority (SAMA) allows personal cryptocurrency investments under strict rules, every Saudi riyal counts. For example, a 0.1% fee on a 10,000 Saudi riyal trade would only amount to 10 riyals — a small percentage for a single trade, but it adds up quickly for frequent traders.
Platforms that combine low fees with local payment options, such as bank transfers or Sadad, help Saudi users avoid high transfer costs, making them essential in this growing market.
Top 3 Cryptocurrency Platforms with Lowest Fees:
1. Binance Platform – The Leader in Cost Reduction:
Binance remains one of the largest global platforms and the first choice for Saudi traders. Spot trading fees start at 0.1% for both makers and takers, and drop to 0.075% with a 25% discount when using Binance Coin (BNB). Futures fees are lower, at 0.02% for makers and 0.05% for takers, with a 10% discount for BNB.
Binance offers over 600 cryptocurrencies and high transaction speeds, with the ability to deposit Saudi Riyals via bank transfers. Its security features, such as cold storage and two-factor authentication, also enhance user confidence.
Prominent Features: Low fees, wide variety of currencies, BNB availability.
Best for: High volume traders and altcoin explorers.
Register on Binance platform from here:
https://accounts.binance.info/register?ref=OEQD5SA3
2. MEXC Platform – Pioneer of Zero Fees:
MEXC has very low fees, especially for Saudi users. Spot trading is free (0%) for both makers and receivers if you hold 1000 MX tokens for 15 days. It also offers 0% futures fees for makers and 0.01% for receivers (0.009% with MX rebates).
MEXC supports over 1,700 currencies and has a fast transaction execution speed (1.4 million transactions per second). Saudi traders can deposit Saudi Riyals via bank transfers, making it an attractive option.
Prominent Features: Zero instant fees, fast platform.
Best for: Budget traders and beginners.
3. Kraken Platform – Affordable and Secure:
Kraken combines affordability and reliability, making it a strong choice for investors in Saudi Arabia. Spot fees start at 0.25% for the maker and 0.40% for the taker, and drop to 0.00%/0.10% for large volumes. Futures fees are 0.02% for the maker and 0.05% for the taker.
With over 200 currencies and bank transfer deposits in USD (convertible to SAR), Kraken focuses on security through cold storage and robust staking.
Prominent Features: Competitive fees, top-notch security.
Best for: Security-conscious traders and long-term holders.
Other platforms worth trying:
• Bybit platform: Spot fees of 0.10% (maker/receiver) and futures fees of 0.01%/0.06% with 1000+ currencies.
• OKX platform: Spot fees 0.08%/0.10% and futures fees 0.02%/0.05%.
• BitOasis platform: 0.25%/0.50% spot fees and bank support for Saudi Riyals.
• KuCoin platform: Spot fees 0.10% and futures fees 0.02%/0.06%.
As the cryptocurrency market in Saudi Arabia continues to evolve, choosing the right platform with low fees is a vital step towards achieving success in this growing field.
Choosing the right cryptocurrency trading platform largely depends on your needs and trading style. Here is a summary of the most important points to consider when choosing an exchange:
1. Trading style:
• If you are an active trader or have a high trading volume, platforms like Binance or Bybit may be suitable for you thanks to their low fees and high liquidity.
• For beginners, platforms like MEXC (which offers instant trading with no fees) can be a good option.
2. Security:
• If security is a priority for you, Kraken is one of the safest options thanks to its strong security settings.
3. Withdrawal fees:
• It is important to monitor withdrawal fees, such as network costs, as these fees can impact your profits.
4. User Experience:
• It is best to try out the platforms with small amounts before committing to larger amounts. This will help you understand the user interface and the services offered.
5. Available features:
• Make sure the platform offers the features you need, whether it's analysis tools, advanced trading options, or support for specific currencies.
Ultimately, in 2025, Binance, MEXC, and Kraken appear to be leading the list of platforms with low fees in Saudi Arabia, making them attractive options for investors whether they are day trading or holding coins for the long term.
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