The True-Cost Index · monthly edition
True-Cost Index, October 2026.
measured by Skontro · permanent edition · month to date, not final
What a $1,000 buy cost across 6 exchanges (dollar books), October 2026, month to date, not final: 7,894 measurements.
The dollar edition · USD books
What a $1,000 buy cost across 6 exchanges, October 2026 (month to date) — fee plus hidden spread.
| Exchange | Measurements | Avg fee | Avg hidden spread | Avg all-in | Cheapest | Dearest |
|---|---|---|---|---|---|---|
| Binance | 410 | $1.00 | $0.35 | $1.35 | 20.6% | 0.0% |
| Kraken | 1877 | $4.00 | $0.13 | $4.13 | 48.2% | 0.1% |
| Bitstamp | 1745 | $3.94 | $0.36 | $4.29 | 30.8% | 5.6% |
| Crypto.com | 1798 | $5.00 | $0.82 | $5.82 | 0.1% | 5.7% |
| Coinbase | 1795 | $12.00 | $0.24 | $12.24 | 0.0% | 85.7% |
| Bybitthin order book · not assessed | 164 | $1.00 | $13.02 | $14.02 | — | — |
2026-10-01 → 2026-10-04 · 7,894 measurements · Method: /true-cost/methodology
The “0% fee” check
No exchange in the set advertised a (near-)zero taker fee this period.
Sources & method
Skontro's dollar series. Each exchange is priced separately on every measured asset, then averaged into one number. 7,894 measurements in 2,067 asset-hour rounds (1,962 rankable), observed 2026-10-01 → 2026-10-04 · 95.3% of scheduled asset-hour rounds so far (period still running).
Basket v2: the 25-asset series (from 2026-08-01). Not assessed = a thin order book or an exchange no longer compared; shown for the record, never ranked. 28 implausible rows (fills more than 0.5% below the reference) never entered the index. Ranking is by net amount received; affiliate relationships never move a number. How “hidden spread” is measured: /true-cost/methodology. Corrections → hello@skontro.com, applied and dated visibly.
The dollar edition · USDT books
What a 1,000 USDT buy cost across 9 exchanges, October 2026 (month to date) — fee plus hidden spread.
| Exchange | Measurements | Avg fee | Avg hidden spread | Avg all-in | Cheapest | Dearest |
|---|---|---|---|---|---|---|
| MEXC | 1961 | 0.50 USDT | 0.37 USDT | 0.87 USDT | 78.1% | 0.0% |
| Binance | 1960 | 1.00 USDT | 0.33 USDT | 1.33 USDT | 1.8% | 1.4% |
| Bitget | 1958 | 1.00 USDT | 0.34 USDT | 1.34 USDT | 10.7% | 1.9% |
| OKX | 1882 | 1.00 USDT | 0.36 USDT | 1.36 USDT | 3.1% | 0.2% |
| Bybit | 1882 | 1.00 USDT | 0.42 USDT | 1.42 USDT | 2.8% | 0.6% |
| KuCoin | 1983 | 1.00 USDT | 0.42 USDT | 1.42 USDT | 3.5% | 4.3% |
| Kraken | 737 | 4.00 USDT | 0.26 USDT | 4.26 USDT | 0.0% | 4.1% |
| Crypto.com | 1738 | 5.00 USDT | 1.10 USDT | 6.10 USDT | 0.0% | 35.9% |
| Coinbase | 1063 | 12.00 USDT | 1.12 USDT | 13.12 USDT | 0.0% | 51.7% |
2026-10-01 → 2026-10-04 · 15,167 measurements · Method: /true-cost/methodology
The “0% fee” check
- MEXC advertises a near-zero taker fee — measured all-in 0.87 USDT per 1,000 USDT, 0.37 USDT hidden spread.
Sources & method
Skontro's dollar series. Each exchange is priced separately on every measured asset, then averaged into one number. 15,167 measurements in 1,988 asset-hour rounds (1,985 rankable), observed 2026-10-01 → 2026-10-04 · 91.7% of scheduled asset-hour rounds so far (period still running).
Basket v2: the 25-asset series (from 2026-08-01). 48 implausible rows (fills more than 0.5% below the reference) never entered the index. Ranking is by net amount received; affiliate relationships never move a number. How “hidden spread” is measured: /true-cost/methodology. Corrections → hello@skontro.com, applied and dated visibly.
The founding EUR series · longest continuous record
What a €1,000 buy cost across 12 exchanges, October 2026 (month to date) — fee plus hidden spread.
| Exchange | Measurements | Avg fee | Avg hidden spread | Avg all-in | Cheapest | Dearest |
|---|---|---|---|---|---|---|
| KuCoin | 328 | €1.00 | €1.02 | €2.02 | 3.4% | 0.0% |
| OKX | 2049 | €0.96 | €1.38 | €2.34 | 53.9% | 0.8% |
| MEXC | 820 | €0.50 | €2.34 | €2.84 | 0.5% | 0.3% |
| Bitget | 738 | €1.00 | €2.03 | €3.03 | 0.1% | 0.4% |
| Bitvavo | 1976 | €2.50 | €0.73 | €3.23 | 3.5% | 0.0% |
| Binance | 1721 | €1.00 | €2.29 | €3.29 | 35.2% | 2.0% |
| Kraken | 2048 | €4.00 | €0.72 | €4.72 | 0.0% | 7.7% |
| Bitstamp | 1840 | €3.97 | €3.92 | €7.89 | 0.0% | 17.0% |
| Crypto.com | 491 | €5.00 | €4.46 | €9.46 | 0.0% | 1.7% |
| Coinbase | 1475 | €12.00 | €1.16 | €13.16 | 0.0% | 53.6% |
| Bitpanda * | 2059 | €0.00 | €14.49 | €14.49 | 0.0% | 0.0% |
| Bybitthin order book · not assessed | 865 | €0.99 | €30.19 | €31.18 | — | — |
2026-10-01 → 2026-10-04 · 16,432 measurements · Method: /true-cost/methodology
The “0% fee” check
- MEXC advertises a near-zero taker fee — measured all-in €2.84 per €1,000, €2.34 hidden spread.
Sources & method
Skontro's founding EUR series — the longest continuous record, running on as a continuing service beside the dollar edition. Each exchange is priced separately on every measured asset, then averaged into one number. 16,432 measurements in 2,075 asset-hour rounds (2,059 rankable), observed 2026-10-01 → 2026-10-04 · 95.7% of scheduled asset-hour rounds so far (period still running).
Basket v2: the 25-asset series (from 2026-08-01). * = estimated, not measured: a list-price exchange with no public order book; excluded from the cheapest/dearest rounds. Not assessed = a thin order book or an exchange no longer compared; shown for the record, never ranked. 8 implausible rows (fills more than 0.5% below the reference) never entered the index. 179 thin-book rows (spread above 20% of the order size) are left out of the averages since September. Ranking is by net amount received; affiliate relationships never move a number. How “hidden spread” is measured: /true-cost/methodology. Corrections → hello@skontro.com, applied and dated visibly.
Cite: Skontro True-Cost Index, October 2026 — measured 2026-10-01 to 2026-10-04, 7,894 hourly order-book measurements, $1,000 buy. skontro.com/research/2026/10
See what a buy costs today, live · or the current index and this week’s find.
Editions: June · July · August · September · October
GET THE NEXT EDITION
What crypto really cost this week, measured — one mail, every Thursday.
Each new edition by mail — the table, the “0% fee” check, nothing else.
Same opt-in as The Thursday Measure.
Method: /true-cost/methodology · JSON: /api/truecost/index?month=2026-10
Skontro — built in Vienna by OptiRisk Consulting e.U. Not investment advice; Skontro is not a CASP under MiCAR.