Exchange Fees

Withdrawal Fee 0.000000 • Taker Fee 0.10% • Maker Fee 0.10%

Contents

Kyber Network is a new form of cryptocurrency exchange. The Kyber Network platform launched in February 2018 and is thus quite new. They describe themselves as follows:

“Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application.”

They further claim that the above enables value exchange to be performed seamlessly between all parties in the ecosystem. This picture illustrates it further:

Kyber Network Functionality

To our knowledge, US-investors can trade here. We have at least not found any prohibition in their terms and conditions.

There is also clear information on the people in the team behind Kyber Network on the exchange’s website. The six main figures running the project are the following:

Kyber Network Team

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At this exchange, there is only a swap box. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the swap interface at Kyber Network:

Kyber Network Swap Interface

There are a number of crypto exchanges who don’t charge different fees between the takers and the makers. Usually, you say that such exchanges’ trading fees are “flat”. Kyber Network is one of those exchanges. It offers a flat trading fee of 0.10% on all successful limit orders. The flat fee of 0.10% is quite in line with, or even slightly below, the current industry averages (arguably around 0.10%-0.15%).

Kyber Network does not charge any withdrawal fees other than the mandatory network fees. This is of course a very competitive offering with this trading platform. It should be noted here though that there are also exchanges that pay the network fees themselves for the benefit of the traders. This means that the withdrawal fees are truly 0 at those exchanges. The network fees are however quite insubstantial and only charging the network fees is also a trader friendly fee arrangement.

Kyber Network does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!