Decentralized exchanges (DEXs) have gained massive popularity as traders seek secure, non-custodial platforms with low fees. Unlike centralized exchanges, DEXs allow users to trade directly from their wallets without the need for intermediaries. If you’re looking for the best decentralized crypto exchanges with low fees, this guide will help you choose the right one.
1. Uniswap (Ethereum-Based)
Why Choose Uniswap?
- One of the largest and most liquid DEXs
- Supports ERC-20 tokens and Layer-2 scaling solutions
- Non-custodial and fully decentralized
Fees:
- Trading fee: 0.3%
- Gas fees depend on Ethereum network congestion (Layer-2 solutions help reduce fees)
2. PancakeSwap (Binance Smart Chain-Based)
Why Choose PancakeSwap?
- Low transaction fees compared to Ethereum-based DEXs
- High liquidity for Binance Smart Chain (BSC) tokens
- Supports staking, yield farming, and NFT trading
Fees:
- Trading fee: 0.25%
- Gas fees: Much lower than Ethereum, typically under $0.10 per transaction
3. SushiSwap
Why Choose SushiSwap?
- Multi-chain support across Ethereum, BSC, Polygon, and others
- Liquidity mining and yield farming options
- Lower fees than Uniswap
Fees:
- Trading fee: 0.3%
- Gas fees depend on the blockchain used
4. Curve Finance
Why Choose Curve?
- Optimized for stablecoin trading with minimal slippage
- Low fees due to efficient automated market maker (AMM) model
- Multi-chain support (Ethereum, Arbitrum, Polygon, etc.)
Fees:
- Trading fee: 0.04%
- Gas fees: Vary by network but lower than Uniswap
5. dYdX
Why Choose dYdX?
- Offers spot trading, perpetual contracts, and margin trading
- No gas fees for trades on Layer-2
- High-speed transactions with StarkWare integration
Fees:
- Trading fee: 0% for market makers, 0.05% for takers
- No gas fees on Layer-2
6. Balancer
Why Choose Balancer?
- Customizable liquidity pools with multiple assets
- Low slippage and competitive fees
- Supports multi-chain networks
Fees:
- Trading fee: 0.1%–0.3%
- Gas fees depend on the network used
7. QuickSwap (Polygon-Based)
Why Choose QuickSwap?
- Extremely low fees due to Polygon’s Layer-2 scalability
- Supports ERC-20 token trading
- Fast transactions with minimal slippage
Fees:
- Trading fee: 0.3%
- Gas fees: Near zero on Polygon
Conclusion
If you’re looking for a low-fee DEX, consider PancakeSwap for Binance Smart Chain, QuickSwap for Polygon, and dYdX for gas-free Layer-2 trading. Curve Finance is ideal for stablecoin trading, while Uniswap and SushiSwap remain strong options for Ethereum users.