Are there any strategies for trading crypto without incurring fees?

7 answers

• Dec 18, 2021 · 3 years ago
  Absolutely! One strategy you can use to trade crypto without incurring fees is by utilizing decentralized exchanges (DEXs). DEXs allow you to trade directly with other users on the blockchain, eliminating the need for intermediaries and their associated fees. Some popular DEXs include Uniswap and SushiSwap. Just keep in mind that DEXs may have lower liquidity compared to centralized exchanges, so you might need to be patient when executing trades.
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• Dec 18, 2021 · 3 years ago
  Sure thing! Another strategy to avoid fees when trading crypto is by taking advantage of fee-free promotions offered by certain exchanges. Some exchanges periodically offer fee-free trading for a limited time or for specific trading pairs. Keep an eye out for these promotions and take advantage of them to save on fees.
  320107
• Dec 18, 2021 · 3 years ago
  Definitely! One option you can consider is using the BYDFi platform. BYDFi offers fee-free trading for certain cryptocurrencies, allowing you to trade without incurring any fees. It's a great option if you want to minimize your trading costs. Just make sure to do your own research and consider factors like security and liquidity before using any platform.
  35790
• Dec 18, 2021 · 3 years ago
  No worries! There are several strategies you can employ to trade crypto without paying fees. One option is to use peer-to-peer trading platforms, where you can directly trade with other individuals without any fees. LocalBitcoins and Paxful are examples of such platforms. Additionally, you can also explore trading directly with other individuals through over-the-counter (OTC) trading. OTC trading allows for larger trades and can sometimes be fee-free.
  45591
• Dec 18, 2021 · 3 years ago
  Definitely! One approach to avoid fees when trading crypto is by using limit orders instead of market orders. With limit orders, you set the price at which you want to buy or sell a cryptocurrency, and the trade will only execute when the price reaches your specified level. By using limit orders, you can avoid paying the fees associated with market orders, which are executed immediately at the current market price.
  41870
• Dec 18, 2021 · 3 years ago
  Sure thing! Another strategy to trade crypto without incurring fees is by using certain credit cards or payment platforms that offer cashback or rewards in the form of cryptocurrencies. By making your purchases or trades through these platforms, you can earn back a portion of your fees in the form of crypto rewards. Just make sure to read the terms and conditions to understand the specific rewards and fees involved.
  41960
• Dec 18, 2021 · 3 years ago
  Absolutely! One option to trade crypto without fees is by participating in decentralized finance (DeFi) protocols. DeFi platforms allow you to lend, borrow, and trade cryptocurrencies without intermediaries, which can significantly reduce fees. However, it's important to note that DeFi platforms can be complex and carry their own risks, so make sure to do thorough research and understand the protocols before participating.
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